While the average price rose in Montgomery County by 7.2 percent from $500,857 in May 2005 to $537,017 in May 2006, there are plenty of new homes on the market for far more than $500,000, according to the Metropolitan Regional Information Systems Inc. (MRIS).
In communities in Bethesda and Potomac and elsewhere in the county, homes with base prices of $900,000 are easily found.
In Prince George’s County, the average resale home price rose by 16.2 percent from $293,178 in May 2005 to $430,681 in May 2006, MRIS data shows. But here, too, the average home price is deceiving, since many builders are introducing upscale homes into this county with base prices higher than $900,000.
Both of these counties offer a location close to the District. Some communities with luxury homes also include amenities such as a golf course or swimming pool, but most of all the residences feature high-quality construction techniques and upgraded finishes inside.
Kitchens with granite counters, furniture-grade cabinetry and professional-quality appliances are matched with luxurious marble baths, hardwood flooring and extensive woodwork and trim in many upscale homes.
Here’s a look at a few new developments with homes priced higher than $900,000 in the close-in Maryland suburbs.
Craftmark Homes Inc.
Craftmark Homes is building upscale town homes and estate homes in Montgomery County at Bethesda Crest, where 24 luxury town homes will be built with prices beginning at $1,600,000.
Just 10 of the original 24 town homes are still available. Eight single-family homes, priced from $2,200,000, are being sold from the Bethesda Crest office but are located in the McAuley Park area of Bethesda and Potomac.
Craftmark also is building estate homes on 2-acre sites at Grace Farm in Clarksburg, priced from $1,100,000. The Grace Farm sales office also is handling sales for four 5-acre estate homes in Damascus, priced from $1,100,000. Nearby at Annapolis Rock Road, homes are available from $1,350,000.
Single-family estate homes are also being sold at Clarksburg’s Park Ridge, priced from the $900,000s.
At Montgomery View in Laytonsville, homes on 1-acre sites are priced from $1,200,000. Call 301/527-9556.
Equity Homes Inc.
Equity Homes is building upscale homes at Stoney Creek, where 34 homes will be built on 2-acre homesites just minutes from River Road.
Priced from $1,990,900, seven models are available. Three homes are available for immediate delivery, with another 19 lots available for buyers.
EYA is building town homes at the Brownstones at Park Potomac in Potomac, each with a rooftop terrace and a terrace on the family room. The homes have a two-car garage and four finished levels with hardwood flooring, oak stairs, a gas fireplace, high-tech wiring and a kitchen with maple cabinets and granite counters.
Keswick Homes, the custom home division of Brookfield Homes, is offering upscale homes at three locations in Montgomery County.
At Stoney Creek in Potomac, the estate homes are available on 2- to 3-acre sites, priced from $2,300,000. Just two homes are available there.
On MacArthur Boulevard in Potomac, carriage-style homes are being built on half-acre sites, priced from $2,500,000. Four homes are still available there.
At Avenel in Bethesda, homes are available on 1-acre sites and are priced from $4,100,000 and up.
Mid-Atlantic Builders Inc.
At Meadow Creek in Upper Marlboro in Prince George’s County, Mid-Atlantic is offering homes on 2- to 4-acre homesites, priced from the upper $900,000s. Only 10 homes are still available for sale.
NVHomes is selling estate homes in several locations in Montgomery County.
In Potomac, 21 homes on wooded sites in a gated community are being built at Greenbriar Estates, priced from $1,900,000.
Nearby at Greenbriar Preserve, 30 homes will be part of a private wooded enclave, with homes priced from $1,500,000.
At Robert’s Landing in Darnestown, homes with pre-construction prices from $1,300,000 and higher will be built on homesites of lots of three-quarters of an acre to 21/2 acres.
Nearby at Seneca Riding, also in Darnestown, two homesites are still available in a community of 5-acre wooded homesites, priced from $1,200,000.
At Ashton Reserve in Ashton, homes priced from $1,100,000 and higher will be built on sites of 11/2- to 21/2 acres, but just two homesites are still available.
Homes priced from $1,200,000 will be built nearby at Brookeville Preserve on sites of 11/2 acres and up.
At Hunts Reserve in Gaithersburg, the homes are priced from $1,000,000 and higher and are built on sites of 2 acres or more.
At Orchard Hill, nine homes are available on 2-acre and larger sites. This community in Silver Spring has homes priced from $1,500,000.
At Potomac Edge, 32 estate homes are being built, priced from $1,300,000 and up.
At Sycamore Acres in Rockville, only two homes will be built, each on a 1-acre wooded homesite. The homes are priced from the $1,280,000s.
Ryan Homes is building two upscale communities in Gaithersburg.
At Goshen Hill, four estate homes are being built on 2-acre sites that back to parkland. The homes have brick fronts, high ceilings, oak floors and a three-car garage and are priced from the upper $970,000s.
Nearby at the Reserve at Crown Pointe, single-family homes are being built within walking distance of shops and restaurants, priced from the mid-$1,170,000s.
Toll Bros. Inc.
At Potomac View, buyers will be able to purchase among the last few homesites with views of the Potomac River. The 46 homes in this community, built on 1-acre and larger sites, will be priced from $1,900,000 to more than $2,000,000.
Lot premiums increase the price of the waterfront homes.
Two river-view homes are still available, along with several with partial river views.
WCI Communities Inc.
WCI is building single-family homes on third-acre homesites at Oak Creek in Upper Marlboro, priced from the $900,000s and higher.
This gated golf course community offers a luxurious country club lifestyle, with a clubhouse, swimming pool, golf and tennis for residents, along with upscale homes.