Alexandria Condo Price Drop: $437,500 at Watergate
Watergate at Landmark Price Drop: New $437,500 List Price & What It Means
307 Yoakum Pkwy #512, a 3-bedroom, 2-bath corner condo at Watergate at Landmark in Alexandria, VA, dropped from $445,000 to $437,500 on September 3, 2026. At 1,621 square feet, the new price works out to $269.90 per square foot, with a monthly condo fee of $1,320.96 that covers electricity, heat, water, sewer, trash, parking, and building security. The gated community sits minutes from the Pentagon, Reagan National Airport, and downtown Washington, DC.
- New price: $437,500, down $7,500 from the original $445,000 list price
- 3 beds, 2 baths, 1,621 sq ft in Alexandria's gated Watergate at Landmark community
- Condo fee of $1,320.96/month covers electricity, heat, water, sewer, trash, and parking
- Two assigned parking spaces plus resort-style amenities: pools, tennis, pickleball, fitness center
- 70 days on market — priced to move before the October 30 listing expiration
- Schedule a private showing or request the full listing packet from Samantha Bard
Why the Price Drop Matters: Value at $269.90 Per Square Foot in Alexandria
If you looked at 307 Yoakum Pkwy #512 a few weeks ago and thought the numbers were close but not quite there, it's worth another look. The list price just moved from $445,000 to $437,500, which brings this 3-bedroom, 2-bath corner unit down to $269.90 per square foot — a number that's hard to find right now for a condo this size inside Alexandria city limits.
At 1,621 square feet, this isn't a one-bedroom stretched to feel like more. You get a separated bedroom wing, a living room with custom built-ins and a sliding door to a private covered balcony, and a primary suite with dual vanities, a walk-in closet, and a second closet for overflow. The second and third bedrooms are both sized to work as a real guest room, home office, or nursery — not an afterthought.
Buyers comparing this against similar square footage in Arlington or parts of Fairfax County will notice the gap. A 1,600+ square foot, 3-bedroom condo at this price point with two deeded parking spaces is genuinely uncommon this close to Washington, DC.
This is exactly the kind of price movement I flag for buyers who've been watching a listing and waiting for the number to make sense — if you've had this one saved, now's the moment to take a second look before it settles at the new price.
It's also worth noting this listing has been active for 70 days. That's not unusual for a condo this size in the current market, but it does mean there's more room to talk through terms than you'd typically find on a fresh listing. A price drop after this many days on market is often the seller signaling flexibility, not just a number they picked at random.
What's Included: The All-Inclusive Condo Fee & Amenities at Watergate at Landmark
The monthly condo fee here is $1,320.96, and it's worth understanding what that actually buys you before comparing it to a lower fee somewhere else. This fee includes electricity, heat, water, sewer, trash, parking, management, common area maintenance, and the gated security system — which means most of your monthly utility bills are already folded into one payment.
Watergate at Landmark sits on 37 landscaped acres and includes:
- Indoor and outdoor heated pools, connected to the building by an interior tunnel so residents can reach the fitness center and indoor pool without going outside
- Tennis and pickleball courts, plus an indoor putt-putt course and driving range
- A fitness center, library, convenience store, restaurant, bank, and hair/nail salon on-site
- 24-hour security, a gated entrance, and reserved parking — this unit comes with two assigned spaces
- A dog park, picnic areas, and playgrounds
Recent updates to the unit itself include a new HVAC system (October 2021), Bosch dishwasher (2020), LG refrigerator (January 2023), LG washer and dryer (April 2020), and a new garbage disposal (July 2025). The seller has also added custom shades in the bedrooms and dining room. It's a condo that could use some cosmetic updating in places, but the major mechanical systems and appliances are already handled.
Storage is one of the details buyers tend to underestimate until they're the one moving in. Between the foyer's three closets, the primary suite's walk-in plus secondary closet, two additional linen closets in the hallway, and dedicated secure storage in the building's lower level, this unit has more square footage working for you than the 1,621 on paper suggests. The galley kitchen adds a breakfast room and a pantry, which is more layout than most condos in this price range offer.
Location and Commute: Minutes to the Pentagon, DCA & Washington, DC
Watergate at Landmark's location off Duke Street puts you close to I-395, which means a genuinely short commute to the Pentagon, Reagan National Airport, downtown Washington, DC, and the INOVA Alexandria medical complex. For anyone weighing a condo in Alexandria against a similar unit further out in Fairfax or Prince William County, the drive-time difference is usually the deciding factor.
The building is zoned to Alexandria City Public Schools, with T.C. Williams as the assigned high school. Pets are welcome — cats and dogs are both permitted, which isn't always the case in high-rise buildings this close to the city.
This condo has been on the market for 70 days, and the current listing is set to expire October 30. A price adjustment at this point in a listing's timeline usually means the seller is motivated to see real offers before then — which is worth knowing if you've been circling this one and hoping for a better number.
Making a Move: Financing, Showings & What Happens Next
The seller is accepting cash or conventional financing, and a property disclosure is provided. Showings are in-person only, scheduled through the listing agent, and the unit has a secured entrance with a lockbox at the unit door — standard for this building's security setup. If you want to see it in person, the fastest path is reaching out directly to get on the schedule.
Possession is at settlement, which keeps the timeline straightforward once you're under contract. Because this is a Condo/Coop association, your lender will also want to review the HOA's financials and reserve study as part of underwriting — that's a step I help every condo buyer prepare for well before it becomes a closing deadline issue. If you're weighing this against other options, whether that's a similar unit in Alexandria or something in a neighboring market, I can pull comparable listings so you're deciding with real numbers in front of you, not guesswork.
Frequently Asked Questions: Buying a Condo at Watergate at Landmark in Alexandria
Q: Why did the price drop on 307 Yoakum Pkwy #512?
A: The list price moved from $445,000 to $437,500 on September 3, 2026, after 70 days on market. Price adjustments at this stage of a listing typically signal a seller who wants to generate real offers before the listing's expiration date. If you'd like the full pricing and showing history for this Alexandria unit, I'm happy to send it over.
Q: What does the Watergate at Landmark condo fee cover?
A: The $1,320.96 monthly fee covers electricity, heat, water, sewer, trash, parking, management, common area maintenance, and building security. That's a wider range of included utilities than most condo buildings in Alexandria offer, which is worth factoring into any side-by-side cost comparison.
Q: Is $437,500 a good price for a 3-bedroom condo in Alexandria?
A: At $269.90 per square foot for 1,621 square feet, this unit is priced competitively against comparable 3-bedroom condos in Alexandria and nearby Arlington. Whether it's the right value for you depends on your financing, timeline, and how the HOA fee fits your monthly budget — that's a conversation I walk buyers through before they write an offer.
Q: What amenities come with a Watergate at Landmark condo?
A: Residents have access to indoor and outdoor heated pools, tennis and pickleball courts, an indoor putt-putt course and driving range, a fitness center, library, convenience store, restaurant, bank, and salon, all on a 37-acre gated campus. See the full community overview for Alexandria for more on what daily life looks like in this part of the city.
Q: How's the commute from Watergate at Landmark to DC and the Pentagon?
A: The building sits just off I-395 near Duke Street, putting the Pentagon, Reagan National Airport, downtown Washington, DC, and the INOVA Alexandria campus within easy reach. Buyers who work in DC or Pentagon-adjacent offices often compare this location directly against condos in Fairfax County for exactly this reason.
Q: Are pets allowed at Watergate at Landmark?
A: Yes — both cats and dogs are permitted at Watergate at Landmark, and the community includes a dedicated dog park. If you have questions about breed or weight restrictions before touring, reach out and I'll confirm the current pet policy.
If this price change puts 307 Yoakum Pkwy #512 back on your radar, let's get you in to see it before someone else does. I can walk you through the numbers, the HOA documents, and what a competitive offer looks like at this price point.