With its river views and historic charm, Georgetown has long been one of Washington’s most sought-after neighborhoods. Despite the real-estate slowdown, buyers have continued paying top dollar to live there.
Though the number of sales declined last year, prices rose. According to the Washington Post, the median price for houses in Georgetown’s 20007 Zip code jumped from $909,150 to $1,075,000. (Condo sales weren’t included.)
“Georgetown has been very stable,” says Nancy Itteilag, a realtor with Long & Foster. “If a home shows well and has parking, it’s in good shape.” Small townhouses generally cost at least $800,000; on the high end are mansions worth more than $10 million. The asking price for the Evermay estate, a Federal-style mansion on 3½ acres, was recently lowered from $49 million to $39,500,000—which would still shatter the record for DC’s most expensive home sale.
Georgetown also has new condo developments with units for sale:
Just off M Street, Wormley Row (3325 Prospect St., NW; 202-274-4666; wormleyrow.com) is a former schoolhouse built in 1885 and named after entrepreneur James Wormley. The site now includes seven condos and six Victorian townhouses.
The condos range from a 1,400-square-foot one-bedroom to a 4,725-square-foot three-bedroom duplex. Every unit has granite countertops, heated floors, soundproof walls, a wood-burning fireplace, and a camera monitoring system. Prices run from around $1.2 million to $4.2 million and include underground parking. The six remaining townhouses—$4.3 million to $5.35 million—have four levels with three to four bedrooms, an elevator, a private garden, and underground parking for two cars.
A few blocks east, the 35-unit Madelon (3251 Prospect St., NW; 202-342-2100; georgetownmadelon.com) sits above Cafe Milano and five other restaurants near Georgetown’s commercial hub. Its rooftop terrace has a swimming pool and views of the Washington Monument and the Kennedy Center. Residents have access to indoor parking and a theater for private movie screenings.
Three units remain, from 720 to 881 square feet in size. Prices range from $565,000 for a one-bedroom to $630,000 for a one-bedroom with two floors and a private terrace.
Close to Rock Creek Park and Dupont Circle, the Sheridan Garage (2516 Q St., NW; 202-701-3555; sheridangarage.com) was built in 1922 and was recently converted into a condominium with 34 units. Every home comes with red-oak floors, granite countertops, limestone bathrooms, and gas fireplaces. Most have outdoor terraces.
The 15 remaining units include studios and one- and two-bedroom units measuring 550 to 2,400 square feet. Prices range from $329,000 to $2.1 million. Reserved parking costs $50,000 for a surface space and $60,000 for a garage spot.
Just outside Georgetown along the Potomac River, the Residences at Harbourside (2900 K St., NW; 202-212-9988; harborsideresidences.com) includes six luxury condo buildings. Units come with Carrera-marble bathrooms, walnut or cherry flooring, an outdoor terrace, and two underground parking spots. Residents have access to a 24-hour concierge service and a private fitness center.
Buyers can choose from three remaining condos: a one-, a three-, and a four-bedroom from 1,800 to 5,000 square feet in size. Prices range from just under $1.4 million to $5.3 million.