Rarely does such an opportunity present itself in historic Old Town Alexandria. Located at 225 Strand Street, adjacent to the Hotel Indigo, Watermark is a boutique condominium of just 18 residences plus two small, complimentary retail spaces. Penthouse #504 is possibly the best layout in the building. Encompassing the southwest corner of the top floor, this 3BR (or 2BR/DEN) with 2.5 baths offers 2,420 sq ft of interior living space plus a large balcony with views of the Potomac River. A welcoming foyer creates definition between the kitchen / dining / living area and the guest and primary bedrooms, each with their own en-suite full bathrooms. The open kitchen with large island features quartz counters, white cabinets with soft-closing doors and drawers, Bosch stainless steel appliances with gas cooking and under-counter wine fridge, plus LED recessed and pendant lighting. Warm oak hardwood floors run throughout the home. The open dining and living areas are flooded with natural light from the oversized double-hung windows. The positioning at the southwest corner of the building provides a view over Old Town's historic townhomes along with Potomac River views from the large balcony. A gas fireplace keeps the home cozy and warm and provides separation to the spacious den with a closet that is ideal for a home office (or a 3rd bedroom). A full laundry room with side-by-side washer and dryer plus utility sink allow this residence to live like a single family home. The guest bedroom is quite large with two closets and a private full bathroom with a marble shower with frameless glass door. The primary suite is its own retreat. The bedroom can easily accommodate a king-sized bed and a sitting area. Two walk-in closets plus a 3rd closet meet the needs of the most demanding wardrobes. The spa-inspired bathroom offers heated floors, two sinks, large shower and separate soaking tub, plus a separate water closet. Watermark's location is unmatched: shops, restaurants, the Alexandria waterfront, and the Old Dominion Boat Club are just steps from your front door. The building's classic architectural elements blend seamlessly with the surrounding historic district. The lobby sets the tone for elegance with abundant marble and designer light fixtures by Murano. The secure garage provides two assigned spaces for the home and a bike room is available when only two wheels are needed. The fob-secured elevator not only brings you swiftly to the fifth floor with private storage just outside the home, but also to Watermark's resident only roof terrace. At 53 feet above Old Town, the roof terrace offers multiple seating areas, heaters, gas grills, and sweeping views of the Potomac River and the nation's Capital beyond. The simple, and boutique nature of the building allow for low condo fees that can be as little as half of what comparable condominiums require. Don't miss this rare opportunity!