DC Ritz-Carlton penthouse seeks record-breaking price

5.5K sf condo lists for $18M; would set new mark if sold near that price

National Weekend Edition /
Jan.January 17, 2021 09:00 AM
The penthouse at 3150 South Street in Washington, D.C. (Photos via Redfin; Homevisit)

The penthouse at 3150 South Street in Washington, D.C. (Photos via Redfin; Homevisit)

A penthouse at the Ritz-Carlton Georgetown in Washington, D.C., is hitting the market for $18 million.
If it sells near that price, the 5,500-square-foot unit would break a record for the priciest condominium sold in Washington, according to the Wall Street Journal.

The three-bedroom is one of five penthouse units at the Ritz-Carlton. It has 1,800 square feet of terrace space. The sale also comes with a small unit on the ground-floor of the building.

The seller is the estate of Michelle Smith, the daughter of prominent area developer Robert H. Smith. Michelle Smith, who died last year, worked as a vice president for Charles E. Smith Residential Realty and its successor REIT, Archstone-Smith.

She bought the two units for around $6 million in 2005. They were raw spaces that she built out over the ensuing years. Smith had the floors, moldings, and staircase built from limestone, and built out a wood-paneled library, office, bar, family room, and other spaces.

Listing agent Matt McCormick of TTR Sotheby’s International Realty estimated she spent $20 million on the purchase and work. Smith also furnished the unit with furniture by French designer Jean-Michel Frank and art by Alberto and Diego Giacometti, and Francois-Xaxier Lalane. Those objects and items, however, will be sold separately.

There are no other units available in D.C. anywhere near the $18 million listing, according to prices on Redfin. The next most expensive unit on the market is asking $6 million. [WSJ] — Dennis Lynch 


Related Articles

arrow_forward_ios
Trump Plaza New Rochelle at 175 Huguenot Street and Donald Trump (Getty, Anthony22/Wikimedia)
Trump Plaza New Rochelle dumps Trump Org as property manager
Trump Plaza New Rochelle dumps Trump Org as property manager
Donald Trump with Trump International Hotel in Washington DC (Getty, Trump Hotels)
Trump Org in “advanced talks” to sell DC Hotel lease
Trump Org in “advanced talks” to sell DC Hotel lease
Flushing Point Plaza project gets $101M construction loan
Flushing Point Plaza project gets $101M construction loan
Flushing Point Plaza project gets $101M construction loan
Can Trump International Chicago bounce back?
Can Trump International Chicago bounce back?
Can Trump International Chicago bounce back?
Condos.com founders Richard Swerdlow and Neel Kawale (Getty, Hauskey, Condos.com)
Condos.com launches as iBuying website for new development units in US
Condos.com launches as iBuying website for new development units in US
(Getty)
Surfside collapse a “come to Jesus moment” for South Florida’s condo market
Surfside collapse a “come to Jesus moment” for South Florida’s condo market
75 Canal Street West in Mott Haven, 354 Clarkson Avenue in Flatbush, and  69 Downing Street (Google Maps)
Beleaguered taxi kingpin gets $21.7M cash infusion
Beleaguered taxi kingpin gets $21.7M cash infusion
20 East End Avenue (StreetEasy, 20EastEnd)
Upper East Side penthouse sells for $30M
Upper East Side penthouse sells for $30M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...