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$1,499,900
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Property Description
Welcome to Penthouse 403 at 525 Water Street, a two level penthouse residence at The Wharf featuring custom finishes, generous living spaces, and a stunning private terrace with Potomac River views. Positioned at the end of The Wharf and one block from the Green Line Metro, the residence benefits from a quieter and more private setting while still enjoying direct access to the waterfront's restaurants, marinas, music venues, and shops. From the home and terrace you will enjoy beautiful water views of the Washington Channel, adding to the sense of openness and connection to the waterfront. Inside, the residence spans two levels, creating a rare sense of separation between living and sleeping spaces that is difficult to find in city condominiums. The main level welcomes you with ten-foot ceilings and a light filled living and dining area framed by the water beyond. Custom built ins anchor the living area, including a striking entertainment center with black granite detailing, a quartzite workspace, and full length display shelving that adds both functionality and architectural presence. The kitchen features a larger island and expanded cabinetry, providing generous preparation space and storage. White quartzite countertops, a designer full height backsplash, and upgraded Electrolux Icon appliances create a kitchen that is both elegant and highly functional. Additional enhancements include built in pantry storage with pull out shelving, an instant hot water system, and an upgraded disposal that elevate everyday living. A spacious bedroom and beautifully finished bath complete the main level. The bath features marble shower walls with designer accents, Porcelanosa flooring, granite surfaces, and custom cabinetry with integrated linen storage. The upper level serves as a private retreat beneath soaring eleven-foot ceilings. The primary suite offers a custom wardrobe and shoe cabinet, a dedicated dressing area with large mirrors and integrated lighting, and architectural details such as exposed spiral ductwork and modern track lighting that give the space a refined contemporary feel. The spa inspired primary bath is finished with white marble walls and wainscoting, water jet cut stone flooring, a granite vanity, and a luxurious shower with dual shower heads, built in seating, and custom shelving. One of the most exceptional features of the residence is the expansive private terrace overlooking the river. Designed for true outdoor living, the terrace includes a rare gas line for grilling or fire features, creating an ideal setting for entertaining while enjoying the waterfront views. Additional features include a dedicated laundry room with a full size Electrolux washer and a true vented dryer, porcelain tile flooring, adjustable shelving, and automatic lighting. Throughout the home, upgraded finishes, custom storage solutions, and dimmable lighting reflect the level of care and attention that went into the design of this residence. The home also includes two secure garage parking spaces and an oversized storage unit, an extremely valuable combination at The Wharf and a rare offering within the building. With its two level layout, custom upgrades, expansive terrace with gas grilling, vented laundry, water views, and private end of Wharf location, Penthouse 403 represents a rare opportunity to own a residence in one of Washington's most vibrant waterfront communities.
Full Property Details
Full Property Details for 525 Water Street SW #403
General
- Price: $1,499,900
- HOA FEE: $1,725/month
- Taxes: $7,666 (2025)
- Status: Active
- Type: Condo
- Source: BrightMLSMidAtlantic
- MLS ID: DCDC2245484
- Updated: 3/12/2026
- Added to Site: 64 day(s) ago
Interior
- Number of Rooms: 7
- Rooms/Areas: Living Room, Bedroom 2, Kitchen, Bedroom 1, Laundry, Bathroom 1, Bathroom 2
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Upper Floor Baths: 1
- Upper - Full Baths: 1
- Main Floor Baths: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 2
- Bedrooms Upper: 1
- Bedrooms Main & Up: 1
Other Rooms
- Laundry: Dryer In Unit, Main Floor, Washer In Unit
Additional Information
- Shared Amenities: Concierge, Common Grounds, Elevator, Exercise Room, Party Room
- Security/Safety: Desk in Lobby
Exterior
- Exterior Features: BBQ Grill
- Porch/Patio/Deck: Balcony, Terrace, Balconies- Multiple
Parking
- Garage: Yes
- Garage Spaces: 2
- Assigned Spaces: 2
- Total Spaces: 2
- Parking Features: Assigned
- Parking Type: Attached Garage
- Garage Description: Additional Storage Area, Inside Access
Location
- County: WASHINGTON
- Subdivision: SW WATERFRONT
- Building Name: 525 WATER CONDOMINIUM
- Driving Directions: 525 Water is located just South of Maine Avenue, SW at 6th Street, SW. Adjacent to The Wharf. The building entrance is at 6th and Water Street, SW.
- Location Details: River
- City Limits: Yes
School Information
- School District: District Of Columbia Public Schools
- Elementary School: Amidon-Bowen
- Middle School: Jefferson Middle School Academy
- High School: Eastern
Community
- Assoc. Fees Include: Water, Trash, Sewer, Management, Common Area Maintenance, Gas
- Pets Allowed: Yes
- Pets: Cats OK, Dogs OK, Number Limit, Size/Weight Restricti
Heating & Cooling
- Cooling Type: Heat Pump(s)
- Cooling Fuel: Electric
- Heating Type: Heat Pump(s)
- Heating Fuel: Electric
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Contemporary
- Structure Type: Garden 1 - 4 Floors
- Construction: Combination
- Walls/Ceilings: 9'+ Ceilings
- Entry Floor Number: 4
- Stories/Levels: 4
- Stories Description: Main, Upper 1
- Square Feet: 1,295
- Sq. Ft. Source: Estimated
- Living Area: 1,295 Sq. Ft.
- Finished Above Grnd: 1,295 Sq. Ft.
- Year Built: 2016
- Year Built Source: Assessor
Lot Features
- Property View: River
- Zoning: MU-12
Water Features
- Water View: Yes
- Navigable Water: Yes
- Water Access: Yes
- Water Front Type: River
- Water Front Name: Potomac Channel
Financial Considerations
- Price Per Sq. Ft.: $1,158.22
- Condo Fee: $1,725
- Condo Fee Freq: Monthly
- Other Fee: $250
- Other Fee Freq.: One Time
- Assessment Year: 2025
- City/TownTax: $7,666
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $1,034,030
- Tax Amount: $7,666
- Tax Year: 2025
- Tax Total Finished Sq. Ft.: 1212
Disclosures and Reports
- Ownership: Condominium
- Condo: Yes
- Lot Number: 2079
Listed by Real Broker, LLC, Michael Sobhi
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Price & Sales History for 525 Water Street SW #403
Date
Details
Price
Change
Source
3/12/2026
Listed
$1,499,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 525 Water Street SW #403
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,666
3%
$1,007,360
3%
2024
$7,434
2%
$976,800
5%
2023
$7,253
-2%
$930,660
-4%
2022
$7,431
-4%
$966,660
-3%
2021
$7,709
-1%
$996,560
—
2020
$7,821
3%
$995,800
3%
2019
$7,558
-2%
$964,000
-2%
2018
$7,695
-8%
$978,690
—
2017
$8,319
—
$978,690
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 525 Water Street SW #403
525 Water Street SW #403, Washington, DC 20024 (MLS# DCDC2245484) is a Condo property with 2 bedrooms and 2 full bathrooms. 525 Water Street SW #403 is currently listed for $1,499,900 and was received on March 12, 2026. Want to learn more about 525 Water Street SW #403? Do you have questions about finding other Condo real estate for sale in Washington? You can browse all Washington real estate or contact a Coldwell Banker agent to request more information.

