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Located just northwest of Washington, D.C, Bethesda, Maryland is one of Montgomery County's largest and oldest urban centers, although the area remains unincorporated. The community has thrived because of a convenient central location, with a downtown easily accessible via the regional Metro subway system.
In recent years, Bethesda homes for sale and adjacent Chevy Chase Maryland Residences have grown from a Washington, D.C. suburb to a destination location of its own. Today, it is known as being the "restaurant center" of the Metropolitan Area -- with almost 200 eateries within a 5 block radius of the Metro. Those looking for real estate in Bethesda, most often also explore Chevy Chase, and Potomac Maryland real estate.
Read more information about Downtown Bethesda Condos & Townhomes
In recent years, downtown Bethesda’s development has moved towards a couple of townhome communities and many condos. Probably the most well known are the townhomes at “Villages of Bethesda” and at “City Homes of Edgemoor”.
A few of most prominent Bethesda Condos include The Edgemoor Condominiums, Edgemoor at Arlington, The Adagio, & Lionsgate. Most, if not all, of the downtown bethesda condos are in the luxury bracket and the same can be said of the townhomes.
Developers appear to be targeting empty-nesters and/or Baby Boomers who are ready to downsize. Many of these buyers have second homes and are looking for a “lock it and leave it” lifestyle. Although the downturn of the 2008 market put a temporary hault on many approved projects, several new condo buildings (as well as rental apartments) opened in 2017-2018. It's obvious that Bethesda luxury real estate will continue to grow and to offer great “in town” housing options for the affluent buyer.
As Bethesda has become a place to be, and to some extent to be “seen,” it has also become a place to live. The Downtown corridor area and surrounding single family ("close in") Bethesda neighborhoods offer a range of homes, from the fairly modest in Glenbrook Village to some true estates in Edgemoor. Battery Park and Bradley Hills have quickly seen dramatic increases in property values; along with the ensuing issues of builder tear-downs and “mansionization.”
These, and other surrounding neighborhoods, like Greenwich Forest and close-in Chevy Chase, appear to offer the best of both worlds – i.e., a single family home in tight-knit community with walkability to shops, restaurants, groceries, banks, libraries, public transportation…virtually everything!!! Bethesda's layout places hundreds of attractive downtown condos and townhomes within easy walking distance of charming single family home communities. Listings outside of downtown range from small bungalows to estates, with prices commonly in the semi-luxury to high end brackets.
If a buyer wants a true estate-style luxury home in Bethesda, there are plenty of options in the area. You can walk to the core business district from an estate in Edgemoor (most of which would be in the $4 million-$5 million range, but some would go as high as $10 Million), or hang out in a penthouse in a high rise overlooking the action (where $3 million-$4 million would probably suffice). There would be a lot of options in the $2 Million dollar range for both single family homes and for great condos or townhomes. It’s all about location, lot size (in the case of single family homes) and finishes.
Contact us at The Koitz Group, for hands on experience when buying or selling Bethesda real estate.
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