Experience the crown jewel of Peninsula 88. Penthouse #1 is not simply a residence; it is a strategic acquisition in DC’s most transformative waterfront corridor. Boasting a rare 270-degree panoramic vista, this 1,850 sq ft home is defined by its massive 455 sq ft private, open-air terrace—the largest in the building with access from every room of the residence, zero overhead obstructions, offering unrivaled panoramic horizons and a true open-air sanctuary.
***Unparalleled Design & Convenience: Beyond the breathtaking views of the Anacostia and Potomac Rivers, PH1 offers a unique "triple-threat" of value: ***Expansive Outdoor Living: The terrace functions as a secondary living room, accommodating a full 8-person dining set and a fire-pit lounge—all with direct access from every room in the home. ***The Logistics Advantage: Includes two "VIP" extra-large parking spaces (no adjacent cars) and a massive 8'x6' storage unit, both strategically located next to the elevators for maximum convenience. ***Effortless Ownership: Positioned in a LEED Silver building with an efficient fee structure, this property is designed for both effortless high-end personal use as well as high-demand executive rental with long-term asset appreciation potential.
National Park Activation: Ideally positioned for the long-term holder, PH1 sits adjacent to the newly activated $10M+ National Park Service rehabilitation project. With federal contracts for the park’s transformation now underway (2026), this residence offers a unique "front-row" advantage as Buzzard Point matures into DC’s premier recreational waterfront. The upcoming Anacostia Riverwalk Trail extension will soon provide seamless pedestrian connectivity directly behind the building.
The Interior Experience: Floor-to-ceiling 9-ft windows frame the river from every vantage point. The residence features 6.25” wide-plank wood flooring, a chef’s kitchen with Viking appliances, and a quartz waterfall island. Recent upgrades include a reverse osmosis water system and remote-controlled window treatments throughout the home.
Community & Location: Peninsula 88 This LEED Silver building offers a host of low-fee amenities: a top-floor community room and sky terrace with fire pits, billiard table, and grills; Onsite Building Manager & Remote Concierge; electric car charging; dog wash; and secure kayak storage. Embrace luxury waterfront living within walking distance of Nats Park, Audi Field, and the burgeoning retail at The Stacks.
Listed by Gerard Muskus
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License #SP98378179
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McWilliams/Ballard, Inc.
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9542579880
Last updated April 28, 2026
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Source: BrightMLS #DCDC2225026
Listing Facts
TypeCondo
NeighborhoodBuzzard Point
Bedrooms2
Bathrooms3
Days on Prevu197
HOA/Maint. Fees$1,314.34/month
Taxes$12,652/year
Size1,395 sqft
Price per sqft$1,326
Location
Mortgage Calculator
Listing History
02/18/2026
Price Decreased
$1,850,000
10/16/2025
Listed by McWilliams/Ballard, Inc.
$1,950,000
Property Details for 88 V Street SW PH1
Association
Amenities
Association Amenities: Extra Storage, Party Room, Other
Pets Allowed: Number Limit,Dogs OK,Cats OK
Fees
Association Fee 2: $1,314.34 Monthly
Association Fee Includes: Gas, Trash, Reserve Funds, Parking Fee, Common Area Maintenance, Ext Bldg Maint
Exterior
Construction
New Construction: No
Year Built: 2020
Architectural Style: Other
Building Name: OLD CITY #1
Common Walls: No One Above
Construction Materials: Concrete, Glass
Entry Level: 9
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Financial
Taxes
Tax Annual Amount: $12,652.00
Tax Year: 2025
Interior
Features
Fireplace: No
Flooring: Engineered Wood
Spa: No
Measurements
Living Area: 1,395
Living Area Source: Estimated
Rooms
Has Basement: No
Bathrooms Full: 2
Bathrooms Half: 1
Bathrooms Total Integer: 3
Bedrooms Total: 2
Main Level Bedrooms: 2
Other
Features
Accessibility Features: 48"+ Halls
General
Senior Community: No
Location
Subdivision Name: CAPITOL GATEWAY
Parking
Parking
Garage Spaces: 2
Garage: Yes
Utilities
Equipment
Cooling: Central A/C, Other
Heating: Forced Air, Other
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this condo have?
There are 2 bedrooms and 3 bathrooms in this condo at 88 V Street SW PH1.
Does this condo have parking?
Yes, there are 2 parking spaces available for 88 V Street SW PH1.
What are the annual taxes for 88 V Street SW PH1?
Annual taxes for this condo are estimated at $12,652.
How does 88 V Street SW PH1 compare to other condos in Buzzard Point?
This condo is listed 135% above the average price for condos in Buzzard Point and has been on the market for 146 more days than the typical home in this area.
What building or home owners association is the condo part of?
This condo is in the OLD CITY #1 building.
What is the square footage on this condo?
According to the MLS, this listing is 1,395 sqft.
88 V Street SW PH1 is a 2-bedroom, 3-bath condo for sale in WASHINGTON DC 20024. Available on Prevu for 197 days at $1,850,000. This includes a recent price decrease of $100,000. This residence features 1,395 square feet of living space, located in Buzzard Point. The median listing price for condos in this area is $799,900. View other condo listings in Washington.
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