A rarely available unit at The Ritz Carlton’s Georgetown Location is available for sale. This extraordinary 28 unit boutique adjacent and actually part of the Georgetown hotel, is home to the most expensive condos sale in Washington DC – The two most expensive dc condo sales ever on MLS record.
What’s more interesting (and an issue I won’t be able to get into depth on this post – but will follow up), is that this unit, in arguably the most prestigious, and expensive condo development in the entire DC Metro area, is bank owned. For those reading this from out of town, the Greater Bethesda Maryland area Northwest DC fine neighborhoods have seen very few luxury foreclosures. Again, I’ll get back to this issue as it’s an important one to cover.
I also got to preview the unit with some clients so for those interested, I’ll have more commentary, pictures…and maybe some info on another unit in there being “quietly marketed” 🙂 Stay tuned this weekend!
[idx-listing mlsnumber=”DC7505476″ showall=”true”]
– Update, January 17th 2011: The aforementioned unit at the Residences at The Ritz in Georgetown @ 3150 South St. NW #1F, Washington, DC 20007. Went under contract on January 14th per MRIS MLS records. I’ll follow up this week with my assessment of the unit, a few pictures, and what/if this ultra luxury foreclosure says about the state of the DC market. Doom and Gloom? No, just that no one’s immune.
But before get into further detail this week, any thoughts?