The Fitz, a large condo development in Rockville, will auction off its remaining 40 units amid sluggish demand. The 221-unit project is an apartment conversion located at 501 Hungerford Drive in Rockville, about a ten-minute walk from Metro. The auction is to be held at 1pm next Saturday, February 28th at the Bethesda Marriott. The minimum bid for one-bedrooms is $159,000; for two-bedrooms $219,000. 

>>Read the full post at Urban Turf 

>>> All Washingtonian.com Inauguration 2009 coverage

Between four million and five million people are expected to descend upon DC for inauguration week. With a limited amount of hotel space, renters’ attention has largely been focused on Craigslist. It’s time to make room for one more.

Last Friday, Andre Butters, a mortgage-company owner, launched the Web site Inauguralhomes.com. By yesterday afternoon, the site—designed to connect inauguration visitors to DC-area homes—already had 120 residences listed for rent.

Butters started the site with three friends, two from Wall Street and a fellow mortgage-company owner—all Barack Obama supporters. Butters, a Bethesda resident, helped enter data and make phone calls for the Democratic nominee during the presidential campaign.

“First and foremost,” he says, “we’re Obama supporters. We saw a need for housing, and what better way to get involved than to take a leadership position?”

Where: Georgetown
Listing Price: $10,600,000
Time on the Market: One month
Bedrooms: Six
Bathrooms: Seven

This week, we take you out of the country and into this contemporary Georgetown condo. Located right next to the C&O Canal and the Potomac, this condo has great water views through the floor-to-ceiling windows, which surround the three-sided, 6,650-square-foot space. The master bedroom and master bathroom are separated by a translucent wall, and the hallways have custom cabinets and Venetian plaster. But what we love most about this place is what comes with it; besides two storage rooms, four parking spaces, a conference room, and fitness center, the building also has its own rooftop terrace with a pool and outdoor seating.  From the terrace, you can see the Washington Monument and The Kennedy Center on one end, and on the other, the Key Bridge and the spire of Georgetown University. The unit is the largest in the building, which was built in 2004. 

For more photos of this property, click here.

What: 2501 Pennsylvania Avenue

Number of Units: 16

Floor Plans and Sizing: The condos range from a 2,200-square-foot two bedroom with 2.5 baths to a 4,500-square-foot three bedroom and den penthouse with 3.5 baths.

Prices: $1,900,000 to $5,000,000

Luxurious Touches: Can’t stand the sound of traffic? Each unit comes with sound attenuation, which almost completely blocks out noise from Pennsylvania Avenue’s bustling rush hour. All units are fitted with eco-friendly, wide-plank wood flooring, which comes in teak, Brazilian cherry, and oak. The 10-foot ceilings in the majority of condos are complimented by numerous well-placed, light-filled windows. Some residences include terraces.

Perks: Each unit comes with two parking spaces and additional storage. The two efficiencies on the first floor can be purchased by residents only, for use as servants’ quarters.

Where: Solo Piazza, 1300 13th Street, NW
Size: 1,400 square feet
Type: Two bedroom plus den with two bathrooms
Moved in: September 2005

Why Logan Circle? “I like how everything is changing in this neighborhood. Plus, it’s close to everything, including my office on 14th Street. Before I moved here, I lived in Mount Pleasant for 13 years. I thought I’d live there forever. Then I started doing real estate and I realized I could play with my money—sell, buy. So I sold my place and moved here.”