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490 M St SW #W602, Washington, DC, 20024

1beds
1baths
959sqft
$329,900
$344price/sqft
$2,011/moest. monthly cost
$80,440/yrincome needed

About This Home

Welcome to Tiber Island W602! XL 1BD/1BA offering sweeping panoramic vistas from its sixth-floor balcony — a rare perspective encompassing the marina, Arena Stage, national monuments, and parts of the beautiful Waterfront neighborhood. Inside, the spa-inspired bath features a generous glass shower and stone finishes. The kitchen offers gas cooking and a pass-through. The extra large dining/living combo offers great flexibility for decor. The bedroom is large and features ample closet storage. The newly refinished parquet floors will wow you, too. Garage parking is included in the purchase price, and the $1,543.25 monthly fee covers property taxes, utilities, air conditioning and heat, cable/internet, and more. Pets allowed. Building Amenities Tiber Island Co-op offers a sparkling outdoor pool, fitness center, resident's lounge, and BBQ grills. The pet-friendly building welcomes up to two pets per unit, making it an ideal home for you and your furry companions. Additional conveniences include rental storage units, community laundry facilities in the basement of each tower, and 24-hour front desk. The Neighborhood Your new home places you near The Wharf's dining, shopping, and entertainment, and nearby other attractions including Arena Stage, Yards Park, Penn Quarter, Capitol Hill, Georgetown, and Old Town Alexandria. Commuting is seamless with Metro access, I-295, I-395, I-695, Route 66, and multiple parkways nearby. Virginia Railway Express, Amtrak, and National Airport are all easily accessible. Monthly co-op fee: $1,543.25 (includes property taxes, parking, air conditioning and heat, utilities, cable/internet, master insurance, and more) Make W602 your next home. Schedule a private tour today! Approx. 959 sf per co-op records. Unit size references are approximate and should not be used for valuation. Some photos may be virtually staged. FAQs: • New owners must occupy as primary residence and file a Homestead Exemption in the District of Columbia. • Ownership cannot be taken in an LLC or corporation. Owners must be natural persons or a trust of the occupant. • Tiber Island Cooperative Homes requires all cash purchasers to obtain a cash evaluation letter as part of the Board Approval process. • Two pets are allowed per unit. • Laundry is in the basement; Washer/Dryer CANNOT be added in the unit. • Tiber Island collects an escrow at settlement equal to three (3) months co-op fees. This escrow is held throughout the owner's ownership of the co-op. • Renting is allowed after 2 years of ownership. After 4 years of renting, requests are only approved if the Board grants a hardship exception.

Getting Around

90
WalkingWalker's Paradise
0
TransitVery Limited Transit
94
BikeBiker's Paradise

Schools

4/10
3/10
Eastern High SchoolGrades 9-122.4 mi

Construction

Condition

  • Year built: 1966

Materials

  • Construction materials: Brick

Type & Style

  • Home type: Cooperative
  • Architectural style: Other
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Water Heater
  • Laundry features: Common Area

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Features

  • Combination Dining/Living,Floor Plan - Traditional
  • Finished area above ground: 959

Heating & Cooling

  • Heating features: Forced Air,Summer/Winter Changeover,Central
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 959
  • Total interior livable area: 959 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: //
  • Attached to another structure: Yes
  • Zoning: UNKNOWN
  • Special condition: Third Party Approval

Features

  • Levels: One
  • Stories: 1
  • Pool features: Community
  • Exterior features: Balcony
  • Has view: Yes
  • View description: City,Marina,Panoramic,Street,Water
  • Has water view: Yes
  • Water view: Marina,Water

Lot

  • Features: Urban,Urban Land Not Rated

Parking

  • Total spaces: 1
  • Parking features: Basement,Underground,Assigned,Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Earthquake
Hail
Hurricane
Heat Wave
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters Across District of Columbia Counties

Other

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,668$20,016
Home Insurance *$100$1,200
Property Taxes $164$1,968
Electricity $79$953
Total$2,011$24,132
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$68,948/yr
40% on housing$60,330/yr
45% on housing$53,626/yr

District of Columbia FAIR Plan Programs

District of Columbia Property Insurance Facility

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.4%
7.4%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$344This listing

vs Other Active Listings

Avg $/sqft

ZIP 20024$590
District of Columbia$599

vs Homes Sold Last Month

Median $/sqft

ZIP 20024$622
District of Columbia$394

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-10Listed for sale$329,900

For Sale by Agent

AgentSteve Dean
BrokerageCompass

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