Virginia Condo Market Hits New High with $10.9M JW Marriott Residences Sale
Event summary
- $10.9M penthouse sale sets new Virginia condo price record at JW Marriott Residences Reston Station.
- Second record-breaking sale in 2026 for the property, surpassing previous $10.25M mark set earlier this year.
- Residences have generated over $115M in sales since opening, with two highest condo prices ever recorded in Virginia.
- Penthouse spans entire top floor of 28-story luxury tower, custom-designed for buyer with 360-degree views.
The big picture
This transaction underscores the growing appeal of transit-oriented, mixed-use developments in suburban markets near major metropolitan areas. The JW Marriott Residences' success validates Comstock's strategy of combining hospitality with high-end residential offerings, creating a differentiated product in an increasingly competitive luxury real estate landscape. With over $115M in sales from this single property, the development demonstrates strong investor and buyer confidence in Northern Virginia as a premium residential destination.
What we're watching
- Market Demand
- Whether Northern Virginia's luxury condo market can sustain record-breaking prices amid economic uncertainty.
- Development Pace
- The pace at which Comstock and McWilliams|Ballard can replicate this success in other high-end projects.
- Investor Interest
- How this record sale may attract more institutional investors to Virginia's luxury real estate sector.