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Rightsizing Vs. Downsizing. Why is it important to know the difference and what options you have!

Downsizing is something most people do not feel comfortable talking about. Some see it as going backward from what they have worked so hard to achieve. The loss of high-end finishes and square footage keeps a lot of homeowners from making the decision to downsize to a smaller place. So now is why I want to introduce to you the appropriate term of Rightsizing. Right-sizing is the pursuit of making the most out of every square foot to make sure that you use the spaces that you love and enjoy. At some point in every homeowner’s lifetime, when they get to an age of limited mobility, they will assess the quality of living in their home or large estate. But for homeowners who have owned their home for decades, with thousands of dollars invested in bringing the home to the level of luxury they want, right-sizing to a smaller home or a condominium is usually out of the books. This is because most don’t realize that there are options for high-end luxury homeowners to right-size into a luxury condominium without sacrificing some of the luxuries they have enjoyed for years.

Today we will assess some different options that homeowners who have been thinking about rightsizing should consider!

Let’s talk about some of the Luxury Condominiums in the District of Columbia that would keep the level of luxury right-sizers wish to keep.

3303 Water Street NW, Washington DC, 20007

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Property Insights: 3303 Water Street is one of DC’s Premier Luxury Condominium Buildings. With only 72 units in the building, it is one of the more exclusive condominiums in DC. Sitting just blocks from the heart of Georgetown, residents of 3303 Water Street can enjoy the balanced life of Washington DC living and Waterfront Living. It’s only steps from the mighty Potomac River and all the waterfront attractions that Georgetown has to offer. Not only is it in a premier location, but it is also located just shy of Key Bridge. Perfect for owners who want to get out of the city quickly without having to sit through too much traffic and can be at their Middleburg Horse Farm in 30 Minutes.

Amenities:

  • 24-hour Concierge
  • Front Door Attendant
  • Heated rooftop pool with Potomac River views
  • Private Garage Parking
  • Luxury Hardwood Flooring and open concept design throughout
  • Open Concept Designs
  • Floor-to-Ceiling Windows

            Costs: 3303 Water Street contains units ranging from 1 Bedroom to 7 Bedroom units. With between 900 Square feet to 6,600 Square feet of living space. Units range from $720,000 to upwards of $6,500,000 for the Penthouse units.

The Residences @ The Ritz-Carlton 3150 South Street NW, Washington DC, 20007

Property Insights: The residences at the Ritz-Carlton opened its doors in April 2003. The residences are a part of a larger complex that also includes the Ritz-Carlton Hotel. The Ritz-Carlton hotel group are major players in the luxury hotel market for nearly a century. The residences are in a portion of a remodeled 1934 industrial complex that includes an original smokestack. This ultra-exclusive luxury Condominium building boasts a rare opportunity to live in the Heart of historical Georgetown and all that it has to offer. With only 28 Residences available in the building, this embodies the terms private and exclusive. Every unit in the residences comes with views of the Potomac River. This is about as close as you can get to having true waterfront property in Washington DC. When it boils down to it, there are many perks of living in a condominium that is intertwined with a luxury five-star hotel. The Ritz-Carlton hotel group has been a significant luxury hotel market player for nearly a century. The level of luxury and mastery that the Ritz-Carlton provides makes it easy for homeowners moving from their Northern Virginia estates to more comfortable and more accessible living in these residences without sacrificing the luxury level they are so accustomed.

Amenities: 

  • Valet Parking
  • Room Services
  • Housekeeping Services
  • Front Door Attendant
  • Access to the hotel’s amenities, such as the bar and lounge
  • 24 Hour Concierge

Costs: The Ritz-Carlton contains units from 2 to 5 Bedroom residences ranging from 2,300 Square Feet to 6,000 Square Feet. Multiple Penthouses include a private roof deck with city & river views. Pricing on these units vary from $1,850,000 to a whopping $11,000,000

WARDMEN TOWER, 2660 Connecticut Ave NW, Washington DC, 20008

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Property Insights: Wardman Tower is an Iconic classic building located in the heart of Woodley Park. Like the rest of the iconic Washington DC Residential Buildings, Wardman tower has been around for nearly 100 years. Constructed in 1928, it was known as the Wardman Park Hotel. As time progressed, it became known as the Washington Marriot Wardman Park. Wardman Tower has housed some of our local dignitaries, such as Lyndon B Johnson. This 8-story building houses 32 units that radiate from the center of the building and occupy one of the wings on each side. This building harkens back to DC’s more classic and elegant time. Without a doubt, one of the area’s classiest and most luxurious buildings in the District of Columbia.

Amenities:  

  • Top Tier Appliances 
  • Gourmet Kitchens with Quartz Counter Tops
  • Two Residential Lounges
  • Bar & Kitchen Catering Spaces
  • 2,000 Square Foot Fitness and Yoga Center
  • Impeccable Landscaped grounds
  • Rooftop Terrace
  • Library 
  • 24-Hour Concierge 
  • Door Attendant

Costs: Units range from 3 Bedrooms to Penthouse residences ranging from $3,000,000 to upwards of $9,000,000. New York-style floor plans range from 2,500 Square feet to nearly 4,800 Square feet of living space.

The Amaris, 760 Maine Avenue SW, Washington DC, 20024

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Property Insights: The Amaris is one of DC’s newest luxury condominium buildings. Nestled in the booming area of the Wharf right on the Potomac River, this defines the essence of modern luxury waterfront living. While most of DC’s high-end condominiums are nearly 100 years old or more, the Amaris was just recently finished this year with final touches finishing by the end of 2022. A new building in a new era is set to define all future luxury condominium buildings from now on in the district. With a total of 96 Units available, this allows many more individuals and families to occupy one of the city’s newest and most luxurious projects. In today’s times, amenities are what potential owners want to see. The Amaris is not short on great spaces for its residents and guests to use. The Amaris does not disappoint, no matter what level of luxury the buyer has been accustomed to. As the Amaris sets a new benchmark in DC luxury condominiums, it is exciting to see the progression of the luxury market from the classic buildings previously mentioned to the ultra-modern Amaris.

Amenities: 

  • Saltwater Lap Pool
  • Sauna & Spa
  • Residential Terrace
  • Built-in Residential Car Elevator
  • Fitness Center
  • 24-Hour Concierge 
  • Valet Service 
  • 9′ Ceilings
  • French-European White Oak Flooring

Costs:  Units range from 1-bedroom units starting at $750,000 to 4 Bedroom units starting at $7,510,000. These units range from 765 Square feet of living space to 4,410 Square Feet of living space.

There is no time to lose on securing one of the exclusive residences in the heart of our nation’s capital. With plenty of options available to the right-sizer, there is no limit to what these buildings can provide in terms of their luxurious features and prime locations. Many other buildings in DC are also worth a visit. To learn more about these buildings or about rightsizing and selling your home for the transition, don’t hesitate to call me. I am available to help you find the right path to right sizing to make your life more comfortable and carefree while keeping the level of luxury you were so used to. It has been a pleasure sharing this information with you, and I hope to hear from curious readers.

Chris Rosbottom

BPG Residential (EXP Realty)

Licensed in DC & VA

864-316-1597

Chris@bpgreal.com

Photo Credits

3303 Water Street (https://handelarchitects.com/project/3303-water-street)

The Ritz-Carlton (https://www.ritzcarlton.com/en/hotels/washington-dc/georgetown)

Wardman Tower (https://www.dccondoboutique.com/wardman-tower/)

The Amaris (https://www.dccondoboutique.com/amaris/)

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