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.
For sale
$1,499,900
525 Water St SW Unit 403, Washington, DC 20024
2beds
1,295sqft
Condominium
Built in 2016
-- sqft lot
$-- Zestimate®
$1,158/sqft
$1,725/mo HOA
What's special
White quartzite countertopsCustom storage solutionsBeautifully finished bathSpacious bedroomAdjustable shelvingTwo level penthouse residenceGenerous living spaces
- 115 days |
- 272 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Michael Sobhi 703-973-7555,
Real Broker, LLC
Source: Bright MLS,MLS#: DCDC2245484
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Living Room, Bedroom 2, Kitchen, Bedroom 1, Laundry, Bathroom 1, Bathroom 2
Bedroom 1
- Level: Upper
Bedroom 2
- Level: Main
Bathroom 1
- Level: Upper
Bathroom 2
- Level: Main
Kitchen
- Level: Main
Laundry
- Level: Main
Living room
- Level: Main
Heating
- Heat Pump, Electric
Cooling
- Heat Pump, Electric
Appliances
- Included: Gas Water Heater
- Laundry: Dryer In Unit, Main Level, Washer In Unit, Laundry Room, In Unit
Features
- 9'+ Ceilings
- Flooring: Hardwood
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,295
- Total interior livable area: 1,295 sqft
- Finished area above ground: 1,295
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Storage, Inside Entrance, Assigned, Attached
- Attached garage spaces: 2
- Details: Assigned Parking, Assigned Space #: G1-60 & G1-61
Accessibility
- Accessibility features: Accessible Elevator Installed
Features
- Levels: Two
- Stories: 2
- Patio & porch: Terrace
- Exterior features: Barbecue, Balcony
- Pool features: None
- Has view: Yes
- View description: River
- Has water view: Yes
- Water view: River
- Waterfront features: River
- Body of water: Potomac Channel
Lot
- Features: Urban Land Not Rated
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 0473//2079
- Zoning: MU-12
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Contemporary
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Combination
Condition
- New construction: No
- Year built: 2016
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Desk in Lobby
- Condo and coop fee: $1,725 monthly
- Subdivision: Sw Waterfront
HOA
- Has HOA: No
- Amenities included: Concierge, Common Grounds, Elevator(s), Fitness Center, Party Room
- Services included: Water, Trash, Sewer, Management, Common Area Maintenance, Gas
- HOA name: 525 Water, A Condominium
Location
- Region: Washington
Financial & listing details
- Price per square foot: $1,158/sqft
- Tax assessed value: $1,034,030
- Annual tax amount: $7,666
- Date on market: 3/12/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Condominium
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/12/2026 | Listed for sale | $1,499,900-6.2%$1,158/sqft |
Source: | ||
| 12/6/2025 | Listing removed | $1,599,000$1,235/sqft |
Source: | ||
| 9/26/2025 | Listed for sale | $1,599,000+39.1%$1,235/sqft |
Source: | ||
| 11/28/2016 | Sold | $1,149,900$888/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,666 +3.1% | $1,007,360 +3.1% |
| 2024 | $7,434 +5.1% | $976,800 +5% |
| 2023 | $7,072 -4.8% | $930,660 -3.7% |
| 2022 | $7,431 -3.6% | $966,660 -3% |
| 2021 | $7,709 -1.4% | $996,560 +0.1% |
| 2020 | $7,821 +1.6% | $995,800 +1.7% |
| 2018 | $7,695 -0.1% | $978,690 |
| 2017 | $7,703 | $978,690 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Southwest Waterfront
Nearby schools
GreatSchools rating
- 4/10Amidon-Bowen Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 5/10Jefferson Middle School AcademyGrades: 6-8Distance: 0.3 mi
- 3/10Eastern High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Amidon-bowen
- Middle: Jefferson Middle School Academy
- High: Eastern
- District: District Of Columbia Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Washington, DC
- District of Columbia
- Washington
- 20024
- Southwest Waterfront
- 525 Water St SW Unit 403








