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.
Back in November, we reported that the $48 million sale of River View (7979 E. Boulevard Drive in Alexandria, VA)– a 16,000 square foot home with an additional carriage home had set a new record for the most expensive home sale in DMV (DC, Maryland, Virginia) history. The home was bought buy Montgomery County native and owner of the Washington Commanders, Dan Snyder, according to a report by the Washington Business Journal.
The home belonged to the former CEO of Lockheed Martin, Robert Stevens, and was first listed a year ago (October 2020) for $60 million. At the time, listing agent Heather Corey of TTR Sotheby did not name the buyer, but did include that the buyer paid cash for the property (a term that means a loan was not taken out for the purchase).
Per the BizJournals reports, “the team owner had contributed $25,000 to Virginia Gov. Glenn Youngkin’s inaugural committee on Jan. 7, and in the report the committee filed with the State Board of Elections, he listed River View’s address at 7979 E. Boulevard Drive as his home address — and Washington Football Team owner under business or employment information.”
Snyder, whose net worth has been reported to be $4B by Forbes, has been the focus of several House Committee on Oversight and Reform discussions concluding a recent roundtable with several former Washington Football Team employees, discussing issues of workplace misconduct and the National Football League’s (NFL) failure to take steps to prevent sexual harassment and verbal abuse within the organization under the leadership of owner Dan Snyder.
Photos of River View, by Gordon Beall and Sean Shanahan, below:
New Washington Wizards guard, Kentavious Caldwell-Pope (KCP), is now a MoCo resident. Biz Journals recently reported that the NBA player bought a home in Potomac for $4.9 million.
According to our real estate expert, Nurit Coombe (The Agency DC), the home, which is located on Newhall Road in Potomac, was originally listed for $5,499,000 and later changed to $4,999,000, before closing at $4,900,000.
Per Nurit, “This home was built by Niroo construction company, a luxury high-level builder, and they originally built this home for themselves, so they spared no expense on materials or upgrades.”
“Everything from a heated driveway, embassy rooms, a high end gorgeous kitchen, custom bathrooms, elevators, smart technology and automation, to beautiful outdoor spaces with a sports court, and outdoor kitchen and pools. This is not your typical home because the price per square footage to build this home was very high, which actually makes this home a great value.”
KCP bought the home in September, but details weren’t made public until recently. He has averaged over 11 points per game as a part-time starter for the Wizards and has been a big part of the team’s hot start, with a 14-8 record about a quarter of the way through the season.
Before his trade to the Wizards, Caldwell-Pope played with the Lakers for four seasons, where he won an NBA championship in 2020. He was drafted eight overall by the Detroit Pistonsin the 2013 NBA Draft.
Photos courtesy of Realtor.com
None of the D.C. area’s top zip codes for homebuyers are in the District, according to a Zillow analysis highlighted in a report by Axios.
They’re all in suburbs and even exurbs of the city, including one in West Virginia. Three of the five can be found right here in MoCo.
Per Axios, “The online real estate marketplace tracked which ZIP codes had the highest number of average website views in the D.C. metro.”
The top 5, which were not presented in order include the following MoCo zip codes:
20854: This includes part of Potomac. The typical home value in this area is $1,073,039, according to Zillow, up 12.8% from last year.
20851: This covers part of Rockville and North Bethesda. The typical home value in this area is $468,035, a 9.9% increase over the last year.
20905: This area primarily consists of Cloverly. The typical home value in this area is $594,147, an 11.6% increase over the last year.
Dan Reed of Just Up The Pike referred to Cloverly as “Potomac-sized houses without Potomac prices.”
three MoCo zip codes are the most popular for DC area home finders on Zillow—20854 (Potomac), 20851 (Twinbrook), and 20905 (Cloverly, or as I call it, Potomac-sized houses without Potomac prices) https://t.co/4xvyqLWpAl
— dan reed 🦀🏳️🌈👋🏾 (@justupthepike) November 13, 2021
The MoCoShow’s real estate expert, Nurit Coombe of The Agency DC and Team Nurit, says “Montgomery County has always been attractive. People are moving out of DC for more space.”
”We have great schools, excellent services, new shopping centers and restaurants, and a lot has changed in the past few years.”
On October 7th of 2019 we broke the sad news of Woodside Deli closing its Silver Spring location after seven decades of serving the community.
The building has remained vacant since that time without much news, but was recently put up for sale.
You can purchase the iconic 2,365 square foot building, located on 9329 Georgia Avenue, for $1.5 million, according to a listing on commercial real estate website LoopNet.
Woodside Deli still operates at 4 N Washington Street in Rockville. A Germantown location, which hasn’t been affiliated with the original Woodside Deli for years, is also still open at 13048 Middlebrook Road.
Features photo courtesy of LoopNet.
Real Estate: 10 Most Luxurious Homes and 10 Most Affordable Homes For Sale in MoCo
Our real estate experts, Team Nurit, have put together a list of the “10 Most Luxurious Homes in MoCo” and the “10 Most Affordable Homes in MoCo.”
The lists are comprised of 10 single family home listings that fall under each category as of the end of last week.
While the entirety of the most luxurious homes, priced between $5 million and $15 million, are located in Potomac and Bethesda, the list of affordable single family homes is scattered across MoCo with homes in Silver Spring, Poolesville, Garrett Park, Rockville, and Gaithersburg.
Top 10 Most Luxurious Homes can be seen here.
Top 10 Most Affordable Homes can be seen here.
THE AGENCY HAS LANDED IN DC!
The Agency is a full-service real estate brokerage pairing boutique local services with the vast resources of an entire global team. To offer clients a true competitive edge, each agent is empowered by the team’s collective knowledge and international network of over 650 agents across 35+ offices in the US, Canada, Mexico & the Caribbean. Behind the sale of each property, no matter how large or small the transaction, is a world-class sales and marketing team.
As the most followed brokerage in the world media (@theagencyre) and regualr appearances in publications & shows such as Bravo, Forbes, Variety, & the New York Times, The Agency has become a commanding force in the industry by harnessing the power of the media to ensure maximum exposure for the properties they represent. Without showing signs of stopping, the Agency has made $26.5 Billion in sales and has been named one of Inc 5000’s “Fastest-Growing Private Companies in America” for 5 consecutive years.
Led by Nurit Coombe, Nurit & Team (@teamnurit) has transitioned to become The Agency D.C. Metro. The group of more than 30 top-producing agents will continue to serve their clients with buying, selling, and leasing across the nation’s capital. Last year, they sold more than 500 homes, accounting for more than $220 million in volume and will close more than $300 million this year. They are also regarded as the number one RE/MAX team in Maryland, the Washington, D.C. Metro area and the number six RE/MAX team in the country
Coombe has been working in the real estate industry in Maryland since 2001. During that time, she has won countless awards while serving as the co-owner of the top RE/MAX office, and her own team was ranked the number one real estate team (among all brokerages) in Montgomery County and North Bethesda.
Founder & CEO of The Agency, Mauricio Umansky shares “ We are pleased to partner with esteemed real estate veteran Nurit Coombe to bring The Agency to Washington, DC. We are always looking to partner with notable teams in new markets around the globe. Nurit caught our attention with what she has been able to achieve in Washington, D.C., and we know that she will be a great steward of The Agency brand and culture.“
Construction has recently begun at the former Montgomery Village Golf Course. Monument Realty is in charge of building the planned community that will be known as Bloom Village. The 150 acre site will consist of townhomes, single-family homes, walking paths, picnic areas, a dog park and an edible garden. The first homes are expected to be ready by Summer 2021.
You can read about how Montgomery Village will be incorporating the new homes in the Village News. Full site plans can be found at BloomMV’s website. Below are some photos of the golf course just weeks before construction began.
The MoCoShow Listing of The Week By Team Nurit
Our real estate listing of the week from our real estate experts Team Nurit is a beautiful home in Darnestown.
Fun fact: It’s just two miles away from one of MoCo’s remaining 6-Twelve convenience stores.
Imagine coming home to this magnificent center hall colonial perfectly situated on a private, 2-acre lot surrounded by mature landscaping in coveted Spring Meadows of Darnestown. Constructed with meticulous attention to detail, this five-bedroom home features designer touches throughout, including gleaming hardwood floors, soaring 10-foot ceilings, a grand two-story entrance, an abundance of oversized windows, and numerous skylights.
Check out the full listing here.
MoCo Listing of the Week: 1728 Wilmart Street (Rockville)
Let’s just say that all you’d need is a time machine to be walking distance to Putt-Putt.
Not only that, but you can also walk over to one of just two MoCo Qdoba locations and hidden gem Oh Mama Grill (not many places in MoCo where you can get a good plate of shawarma).
Federal Plaza on one side of you wanna go old-school MoCo and Pike & Rose on the other if you’re into newer things.
3 bedrooms, 3 bathrooms, just under 1,700 square feet, and right off of exit 4 on I-270.
You wanna see more? Check it out here.
We’ll be bringing you a MoCo Listing of the Week, every week, courtesy of our real estate experts Team Nurit.
1728 Wilmart Street
Rockville, MD 20852
Our real estate experts, Team Nurit, have provided us with some interesting statistics for the last 30 days.
Silver Spring once again leads the way in active/coming soon listings and sold/under contract homes.
Check out the graphics below for more information.
