How Much to Live at the Watergate?

Everyone has heard of the famous Watergate Hotel thanks to Richard Nixon. But not everyone knows that this D.C. landmark complex also has more than 600 condo units. If you do know that, then you probably also have heard about its reputation for spacious, 1960s elegance, and for being pricey. It even has its own Wikipedia entry. But is it actually that pricey? 

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I started looking into this by accident when checking out a Redfin search of Foggy Bottom condos for sale. It seemed that a significant number were part of the Watergate – nearly 20 units for sale right now. This made me wonder how aging 1960s glam and river views were competing with the influx of new, high-end condos across the city.

What I found:  price/sqft ranges from about $380/sqft to almost $800/sqft.  Some of the apartments have been renovated, some have not, and the best views can command higher prices.  Some apartments have more than one floor. Most have either garden access or large balconies. Some are combined units where the floorplan might not be conventional.

Co-op fees seem high at first but may not be out of line given the large size of the apartments, indoor parking and all other inclusives. If you look at the monthly fee on a per square foot basis, the average is about $1.11 for the units selling at 2700 and 2510 Virginia Ave., NW. For the units at 700 New hampshire Ave., NW, the average is $1.53.  Check out the summary of most current MLS listings below. You can also find some of these and a helpful seller’s agent at www.watergateapartments.com

Other notes:  The Watergate is a bit separated from the rest of Foggy Bottom for those of us who like the feel of a neighborhood stroll outside the front door. But it can be a cool place for a lot of other reasons. You can walk to the Georgetown waterfront, the main parts of Foggy Bottom, K Street area and the monuments. You’ll find a pool, large gardens and large balconies/terraces. You have virtually everything you need in terms of conveniences right on the complex: bakery, Safeway, drycleaning, florist, etc. And you can pop into the Kennedy Center next door at 6:00 pm every evening for a free concerts on the Millennium Stage

2700 VIRGINIA Ave NW #609 - $599,000 – 2 bed / 1.5 bath. Has a much lower co-op fee than most, at $1,101 /mth.  Has 1,295 sqft, for $463/sqft.   

700 NEW HAMPSHIRE Ave NW #1003 - $685,000 – 2 bed / 2 bath with 1,298 sqft ($528/sqft). Both river and pool views. Monthly fee is $2,017. 204 days. 

700 NEW HAMPSHIRE Ave NORTHWEST #416$700,000 – 2 bed / 2.5 bath declared fixer-upper with enormous terrace. It has $1,428 sqft, coming in at $490/sqft. Monthly fee is $1,823.  

700 NEW HAMPSHIRE Ave NW #1419 - $739,000 – 1 bed / 2 bath, with total of 1,467 sqft ($504/sqft). Has 3 sets of sliding doors out to balcony. Monthly fee: $2,435.

2510 VIRGINIA Ave NW #309/310$799,500 combined unit with 3 bed / 3 bath and 1,935 sqft ($413/sqft). One of the bedrooms has a separate entrance. Monthly fee is $1,849.  

2510 VIRGINIA Ave NW #904-N - $850,000 – 4 bed / 3.5 bath with 2,220 sqft ($383/sqft). River view. Gourmet kitchen although there is no picture on the listing. $3,200 monthly fee.  

2700 VIRGINIA Ave NW #802 - $875,000 – 3 bed, 3.5 bath “on the point” with wrap-around balcony. It has 2,216 sqft, coming in at $412/sqft. Sold “as is” so expect some fix-ups.  $2,425 monthly fee.

2700 VIRGINIA Ave NORTHWEST #107 - $975,000 – 3 bed / 3.5 bath 2-level apartment of almost 2,200 sqft ($444/sqft.) Listing says it is “sun-drenched.”  $2,167 monthly fee.

2700 VIRGINIA Ave NORTHWEST #102$895,000 – 2 bed / 2.5 bath townhouse-style unit with walk-out patio and garden. Has 2,005 sqft, coming in at $446/sqft.  $2,183 monthle fee. 

2700 VIRGINIA Ave NORTHWEST #1011 - $950,000 – 2 bed / 2.5 bath. With 1,635 sqft it comes in at $581/sqft. Monthly fee is $1,851. 

2500 VIRGINIA Ave NW #702-S - $1,050,000 – 2 bed / 2.5 bath on two levels. It has an updated kitchen and river views. With 1,840 sqft comes in at $571/sqft. Monthly fee is $2,115.

2700 VIRGINIA Ave NW #702 - $1,100,000 – 2 bed / 2.5 bath unit “on the point” with a wrap-around balcony. The kitchen has a window. Has $2,300 sqft, coming in at $478/sqft. Monthly fee is $2,692.

2510 VIRGINIA Ave NORTHWEST #701-N - $1,600,000 – 3 bed / 2.5 bath two-level apartment with 43-foot balcony and a river/city view. With 2,105 sqft, it comes in at $794/sqft. Monthly fee is $2,518.

700 NEW HAMPSHIRE Ave NORTHWEST #1102/1103$1,893,500 – 3 bed / 4.5 bath combined unit, with good views. Has 3,136 sqft for $604/sqft. Monthly fee is $4,701. 

2700 VIRGINIA AVE NW #301 - $2,050,000 – 4 bed / 3.5 bath and full-length balcony. It has 2,740 sqft, for $748/sqft. Monthly fee is $3,255.

2700 VIRGINIA Ave NORTHWEST #506/507 - $2,450,000 – 4 bed / 3.5 bath with 3,285 sqft ($746/sqft). Interior photos look modern. Fee is $3,712/mth. 

Cheers,
Allison

Photo: wallyg, Creative Commons license