West End

   "If you build it, they will come." So goes the saying and nothing could better define the West End today. Once nearly exclusively comprised of hotels and office buildings with just a smattering of Victorian row houses (most of which had long since been converted to condominiums), the West End has been transformed in recent years to become home to some of the most luxurious residential addresses in the nation's capital.
   The revitalization of the neighborhood was s
purred in large part in 2000 when New York City-based developer Millennium Partners acquired almost an entire city block to build a multi-use development consisting of the swanky Ritz-Carlton Hotel & Residences (the "Residences" being a luxury condominium offering hotel amenities such as room service to residents), the posh L.A. Sports Club and several retail shops. 
   When The Ritz-Carlton opened its doors, it set an all-time high record for dollar per square foot in Washington. It was an impressive feat that quickly drew the attention of other developers who soon were clamoring for prime West End real estate.
   Today the neighborhood boasts an array of high-end luxury condominiums, such as the Atlas  and the Columbia Residences, formerly the Columbia Hospital for Women which having had occupied the site since 1870 was one of the oldest hospitals in DC. And more are on the way, such as "22 West," 95 luxury condominiums due to be available in 2008 at 1177 22nd Street, NW.
   With the influx of wealthy residents, the West End has drawn upscale retail establishments as well. Most recently, specialty grocery store Trader Joe's has moved into 25th Street. 
    Located just south and west of Dupont Circle, north of Foggy Bottom and east of Georgetown, the West End is convenient to just about everything it seems. The K Street Corridor, the Georgetown Waterfront, a dozen hotels, restaurants and shops are all mere steps away. Also nearby are Rock Creek Parkway and the Whitehurst Freeway (which provide easy access to the outer-lying suburbs of both Virginia and Maryland). Within easy walking distance to the Red Line Metro in Dupont Circle as well as the Orange & Blue Lines in Foggy Bottom, the West End offers close proximity to all the city's amenities. Even the Kennedy Center is only a short stroll away.
   Generally speaking, the West End is considered the area south of P Street, North of K Street, West of 21st Street and East of 26th Street.




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FAST FACTS*

Average Studio Condo/Co-op:  $216,214  
Average 1 BR Condo/Co-op:  $408,800  
Average 2 BR Condo/Co-op:  $727,318  
Average 3 BR Condo/Co-op:  $2,047,500   
Average 4 BR Condo/Co-op:  None Sold 
Average 5 BR Condo/Co-op:  $3,145,000**  
Average 3 BR House:  None Sold   
Average 4 BR House:  $1,085,000**   
Average 5 BR House:  None Sold   
Average 6 BR House:  None Sold   


RANGE IN PRICES: $182,500 - $3.145 million


$182,500 paid for a terrace level condominium in December of 2006
$3.145 million paid for a five bedroom 4,062 square foot penthouse condominium at the Ritz-Carlton with two roof terraces and three car parking in April 2007.

*Based on MLS Data for the Six-month Period Ending April 2007.

**
Only 1 sold during this period.