This weekly column is written and sponsored by D.C. real estate agent and Edgewood resident Jessica Evans. Email her questions at [email protected].
Last week, The Wharf celebrated the grand opening of the first phase of the project. What was once an underutilized strip of nondescript buildings hiding the prime DC waterfront has been transformed into a dazzling array of glass and steel. Before you get too nostalgic about the historic Maine Avenue Fish Market, keep in mind it will be back and better than ever in 2018.
In addition to the shops, restaurants, piers and plazas, there are two condo buildings that are part of the first phase of the development, 525 Water and Vio. It’s understandable that a waterfront view and prime walkable location will come at a price, but the record setting $1,000/square foot price tags at VIO were still somewhat startling even for someone accustomed to high housing costs in DC.
Sure, we’d all love a brand new waterfront condo, but let’s be realistic here, the prices are way out of reach for most DC residents. With that in mind, today I’m exploring the other options in the Southwest Waterfront neighborhood, within a few short blocks of the Wharf and at a fraction of the cost.
While real estate agents have been touting The Wharf as a selling feature for years, history shows that the real price appreciation of existing units in the immediate vicinity has yet to take place.
355 I Street SW #114 | 1 bed/1 bath | $395,000 | condo fee $321/month
- Potomac Place Condominium
- Newer construction, built in 2005
- 730 square feet with balcony, in unit washer dryer, open floor plan
- Rental parking available within the building for an additional cost
1301 Delaware Avenue SW #N725 | 2 bed/2 bath | $325,000 | coop fee $851/month
- River Park Mutual Homes Cooperative
- Monthly fee includes all property taxes and utilities
- Amenity filled community
- Total monthly payment (with 20% down) is less than $2,200/month
490 M Street SW #W608 | 1 bed/1 bath | $299,900 | coop fee $704/month
- Waterfront views!
- As close to The Wharf as you can get
- Monthly fee includes all utilities (+cable) and property taxes
- Parking available for sale for $45,000
240 M Street SW #E102 | Studio | $225,000 | condo fee $429/month
- Carrollsburg Condominium complex
- Less than 1 block to metro
- Assigned parking included
- Total monthly payment is less than $1500/month (with 20% down)
Interested in other Southwest/Waterfront properties? Send us a message and let us know what you’re looking for to learn about opportunities in advance, or check out the full list of available listings here.
Do you have a burning real estate related question or topic that you would like to see covered? Send me an email at [email protected] and I would be happy to cover it in an upcoming column.
Recent Stories
This rental is located at 2901 18th Street, NW. The Craigslist ad says:
via GoFundMe “Dear PoPville, about 2 weeks ago (4/15) there was a huge fire on my street 3rd/Seaton NE. 17 of my neighbors have been displaced (10 families) and won’t…
“Dear PoPville, Are other folks experiencing USPS first-class letter delays? I recently received a letter postmarked April 2 about 3 weeks later on April 22.
11th and P Street, NW previously home to Asian American Thanks to Jacob for sending: “know anything about the sign for a Tex-Mex place that just went up on the…
Are you feeling overwhelmed by life’s challenges? Struggling with anxiety, depression, or unresolved trauma? Take the first step towards healing and reclaiming your life with our professional psychotherapy services.
At Peaceful Mind Solutions, we understand that mental health is just as important as physical health. Our team of compassionate and experienced therapists is here to provide you with the support and guidance you need on your journey to mental wellness.
Through personalized therapy sessions, we create a safe and non-judgmental space where you can explore your thoughts, feelings, and experiences. Whether you’re dealing with past traumas, relationship issues, or simply seeking personal growth, we tailor our approach to meet your unique needs and goals.
For many remote workers, a messy home is distracting.
You’re getting pulled into meetings, and your unread emails keep ticking up. But you can’t focus because pet hair tumbleweeds keep floating across the floor, your desk has a fine layer of dust and you keep your video off in meetings so no one sees the chaos behind you.
It’s no secret a dirty home is distracting and even adds stress to your life. And who has the energy to clean after work? That’s why it’s smart to enlist the help of professionals, like Well-Paid Maids.
St Mary Armenian Church Annual Spring Food Festival
Come hungry and leave happy! Experience culture, community, and cuisine all in one place. See you at the festival!!!!
Comedy Cabaret
Kick up your heels at Bad Medicine’s COMEDY CABARET extravaganza at the DC Improv Comedy Club on Tuesday, May 21st. Revel in the sights and sounds of this entertaining musical revue, with songs, dance and sketch comedy that will have
