The price tag may seem steep for a condo, but keep reading.

Looking for luxury in the city? This week's featured listing is a one-of-a-kind duplex with incredible views of the Potomac River. The property is located at 2900 K Street NW (Unit 601) and is currently listed for $12,000,000 by Long and Foster Georgetown. On paper, it's a modest 4-bedroom home, but the reality is so much more.

As soon as you walk in, the impressive, open foyer is a study in understated elegance. When was the last time you saw a condo with an entryway like this?

Most of the everyday living space is located on the first floor. You can entertain your guests in the formal dining room, expansive living room, or casual family lounge. The endless windows bring in a one-of-a-kind panoramic view of the Georgetown waterfront and the nearby Kennedy Center.

The bedroom suites look out onto the terrace and include sleek, modern bathrooms.

The enormous terrace spans both floors of this two-story property. Forget the tiny balconies of apartments past—this one has more than enough room for sunrise yoga, a cocktail party, and anything in between.

Here's where things get really interesting. On the upper level, you can swim your morning laps in a private lap pool.

Afterward, you can head inside to unwind in the sauna before breakfast.

If you don't feel like cooking, you're just steps away from some of the best restaurants in Georgetown. This property's enviable address is just another great selling point for anyone looking to live the good life in the city.

*Photos Courtesy of Long and Foster Georgetown

For more information, or to schedule an appointment for a tour, see the original listing.

What are some of your favorite features of this incredible waterfront home? Is the terrace what sold you or was it the open, airy floorplan? Let us know in the comments.