Real Estate

Mike Isabella’s Condo Sold in Two Weeks for a Record-Setting Price

The embattled restaurateur owned it for just eight months.

Photo courtesy of Jordan Stuart, Keller Williams Capital Properties.

As we previously reported, embattled restaurateur Mike Isabella listed his Wharf condo on October 31st for $2.5 million. It sold two weeks later, on November 15th, for $2,575,000.

Isabella’s real-estate agent Jordan Stuart, executive director of the Keller Williams Capital Properties sports and entertainment division, says the three-bedroom, waterfront unit quickly attracted three, all-cash offers from “high-profile buyers,” though he declined to name them. Isabella bought the condo in the Wharf’s brand new Vio building in March for $2,191,400, meaning he turned a sizable profit on the place in just eight months.

The winning bid of $2,575,000 works out to $1,297 per square foot, which is the highest sales price per square foot ever recorded in Southwest DC.

 

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Senior Editor

Marisa M. Kashino joined Washingtonian in 2009 as a staff writer, and became a senior editor in 2014. She oversees the magazine’s real estate and home design coverage, and writes long-form feature stories. She was a 2020 Livingston Award finalist for her two-part investigation into a possible wrongful conviction stemming from a murder in rural Virginia. Kashino lives in Northeast DC.