Beyond MoCo: Condo Sale Breaks Record for Most Expensive Condo Ever Sold in DC

by MCS Staff
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There is a new record for the most expensive condo ever sold in DC, according to BizJournals. The $11 million sale of Penthouse 2C at 3150 South St. NW, the Ritz-Carlton Residences Georgetown breaks a record set just two months ago by another penthouse… in the same building.

“The Ritz-Carlton penthouse was first listed for $18 million in January 2021, then reduced to $14.5 million about eight months later to better reflect market dynamics.” according to the article. The record-breaking unit belonged to the late philanthropist Michelle Smith, the daughter of late developer Robert H. Smith whom the Maryland School of Business is named for.

The building is home to 28 residences, which feature “high ceilings and generously proportioned windows overlooking the Potomac River, providing an elegant backdrop and allowing for natural light to fill The Residences, which enhances the generous sense of space.” Residents of The Residences also get to enjoy the personalized services of The Ritz-Carlton.

The Ritz-Carlton Residences Georgetown opened in April 2003. The developer has sold all homes at this property and no longer operates a sales office. Two months ago, the previous record was set when Penthouse 2A at 3150 South St. NW, at the Ritz-Carlton Residences Georgetown was sold for $9.5 million.

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