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501 Palmtree Drive Unit 3

Gaithersburg, MD 20878

Name: Open House: 5pm-7pm
Start: 2025-03-13T17:00:00
End: 2025-03-13T19:00:00
Location: 501 Palmtree Drive Unit 3

2 beds
2 baths
964 sqft
$300 per sqft
1987 build

Step into this rarely available 2-bedroom, 2-bath condo in the desirable Park Summit neighborhood. Thoughtfully updated, this home features windows that are less than five years old, a stunning kitchen with two-tone cabinetry, quartz countertops, a stylish glass tile backsplash, and stainless steel appliances. The open-concept layout seamlessly connects to the spacious living and dining areas, with durable LVP flooring throughout. The spa-like bathrooms showcase modern vanities, designer tile work, and rainfall showerheads for a luxurious touch. Enjoy the convenience of in-unit laundry and ample storage. As part of the Park Summit community, residents have access to fantastic amenities, including a recreation facility, swimming pool, tennis courts, and tot lots/playgrounds—perfect for active lifestyles and family-friendly living. Located near Washingtonian Woods Park, scenic lakes and trails, and local playgrounds and green spaces, this condo offers easy access to outdoor recreation. Just minutes from Downtown Crown, RIO Washingtonian Center, and Kentlands Market Square, residents can enjoy an array of shopping, dining, and entertainment options. For commuters, the home is ideally situated near Shady Grove Metro Station (Red Line), just 4–5 miles south, and the MARC Commuter Rail in Olde Towne Gaithersburg. The property is also minutes from major highways, including I-270, I-370, and the Sam Eig Highway, with quick connections to the ICC (Route 200), Bethesda, Washington, D.C., and Frederick. Whether you're looking for modern comforts, community amenities, or unbeatable accessibility, this condo is a must-see!

Listing courtesy of BRIGHT / Keller Williams Capital Properties

Last checked: Checking… • Last updated Mar 10, 2025 •

MLS# MDMC2167872 —

The Building

Year Built:

1987
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Brick
Building Name:

Park Summit Codm
Unit Building Type:

Garden 1 - 4 Floors
Structure Type:

Unit/Flat/Apartment
Architectural Style:

Unit/Flat
Levels:

1
Entry Floor Number:

1
Accessibility Features:

None
Basement:

No
Unit Number:

3
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Above Grade Finished Area Units:

Square Feet
Above Grade Finished SqFt:

964
Above Grade Finished SqFt Source:

Assessor
Below Grade Finished Area Units:

Square Feet
Below Grade Unfinished Area Units:

Square Feet
Below Grade Finished SqFt Source:

Assessor
Below Grade Unfinished SqFt Source:

Assessor
Tax Total Finished SqFt:

964

Interior

Interior Features:

Breakfast Area, Wood Floors, Window Treatments, Walk-in Closet(s), Upgraded Countertops, Primary Bath(s), Pantry
Flooring Type:

Luxury Vinyl Plank
Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

964
Living Area SqFt:

964 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Conventional, Cash
Possession:

Settlement

Location

Directions:

Take Muddy Brance Rd West from 355. Left on Palmspring Drive.
Latitude:

39.12408000
Longitude:

-77.21263000

The Property

Property Type:

Residential
Zoning:

R20
In City Limits:

Yes
Other Structures:

Above Grade, Below Grade
Waterview:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

U
Ground Rent Exists:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

160902759578
Tax Year:

2024
Tax Annual Amount:

$2,597
Tax Assessed Value:

$195,000
Year Assessed:

2024
County Tax:

2027.00
City/Town Tax:

510.00
Total Taxes Payment Frequency:

Annually

Beds

Bedrooms:

2
Bedrooms Main Level:

2

Baths

Total Baths:

2
Full Baths:

2
Main Level Baths:

2.00
Main Level Full Baths:

2

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Heat Pump(s)
Heating Fuel:

Electric

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Appliances

Appliances:

Stainless Steel Appliances, Built-In Microwave, Disposal, Dishwasher, Dryer, Refrigerator, Water Heater, Washer, Stove, Oven/Range - Electric
Washer/Dryer/Hook Up in Unit:

Yes

Schools

School District Name:

Montgomery County Public Schools
School District Source:

Listing Agent

The Community

Subdivision Name:

Park Summit Codm
Senior Community:

No
Pool:

Yes - Community
HOA:

No
Condo/Coop Association:

Yes
HOA/Condo/Coop Amenities:

Pool - Outdoor, Tennis Courts, Tot Lots/Playground
Condo/Coop Fee:

$455
Condo/Coop Fee Frequency:

Monthly
HOA/Condo/Coop Fee:

Water, Snow Removal, Sewer, Road Maintenance, Reserve Funds, Recreation Facility, Pool(s), All Ground Fee, Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Lawn Maintenance

Parking

Garage:

No
Type of Parking:

Parking Lot
Parking Features:

Unassigned

Extra Units

Vacation Rental:

No

Monthly cost estimate

Asking price

$289,900

Expense	Monthly cost
Mortgage	$1,552
Taxes	$216
Insurance	$79
HOA fees	$455
Utilities	$127 See report
Total	$2,429/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

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Transit Score®

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Soundscore™

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Air Pollution Index

Provided by ClearlyEnergy

Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
3/5/25 Mar 5, 2025	Listed / Active	BRIGHT	$289,900

Condo For Sale

$289,900

HOA

$455/mo.

Cost Est.

$2,429/mo.

Listing provided by broker:

Patrick R Beasley

Keller Williams Capital Properties

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This condo located in Gaithersburg, MD 20878 is currently for sale for $289,900. 501 Palmtree Drive Unit 3 is a 964 square foot condo with 2 beds and 2 baths. This condo is in the attendance area of Fields Road Elementary School, Quince Orchard High School, and Ridgeview Middle School.

Listing Courtesy of: BRIGHT and Keller Williams Capital Properties.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.