$250,000
Treetop views from the 17th floor, no popcorn ceiling, appliances under a year old, and a resort-style community most Bethesda buyers have never toured. Welcome to The Promenade.
This oversized one-bedroom (981 sq ft) faces out over the tennis courts toward NIH, Walter Reed, and the downtown Bethesda skyline. Inside: gray luxury vinyl plank floors, quartz counters, maple cabinetry, a full set of new appliances, a separate dining area off the kitchen, and a surprising amount of storage — multiple closets, all shelved. Big windows, tons of light. The unit has already had the popcorn ceiling removed (a $15,000 expense in many other units here). Assigned underground parking space and separate storage space convey.
The Promenade is a co-op, one of the few in Montgomery County, on beautifully kept grounds that feel more like a country club than a Bethesda high-rise. The completely remodeled lobby opens onto a deck overlooking the huge pool and sundeck — the social heart of a very active community. On-site: 24-hour front desk concierge, restaurant [Bacon?], convenience store, dry cleaner, tennis courts, and roving Dunbar security. The front horseshoe has been cleared of congestion and the garage is being redone [in progress].
Why this matters financially: The co-op carries no underlying mortgage, so the monthly fee goes to operations and reserves, not interest. The fee is [$1,409/mo] and covers all utilities. Units here trade well below comparable Bethesda condos, and the community is so livable that many owners hold and rent (comparable units rent around $1,950/mo) — and families and friends often buy multiple units in the building.
Buyer requirements: co-op board approval (credit review), move-in fee [$X], [other fees $X]. [Cash/financing note.]
Offered at $250,000
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5225 Pooks Hill Rd Unit #1720S, Bethesda
Listing courtesy of Serhant. Contact: 5403797359
