Property

Gaithersburg, MD 20878 503 Palmtree Drive # 1

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Presented By: Signature Home Realty LLC
  • MLS# MDMC2223088
  • 03/20/2026
  • Request Tour
  • Request Info
  • Beds • 2
  • Baths • 1
  • SQFT • 864

Home Details

Rare First-Floor Condo in Gaithersburg This bright and spacious two-bedroom, one-bath condo is a rare find, located on the first floor with double-width luxury sliding doors providing direct access to the parking area. Enjoy new in-unit washer and dryer and ample storage with dual closets in the primary bedroom and closet systems throughout the second bedroom, linen closet, pantry, and coat closets. The kitchen features new stainless steel stove and microwave, dual-basin sink, dishwasher, and refrigerator. Community amenities include a pool and tennis courts, with ample open parking available. Condo fee + HOA fee is $410/month and includes water/sewer and access to community amenities. Conveniently located 2 miles to Rio Gaithersburg and I-270/I-370 spur, next to NIST, 4 miles to Kentlands, and under 10 miles to the Capital Beltway. Public transit is nearby with a bus stop one block away, 2 miles to MARC station, and about 5 miles to the Red Line Metro. Minutes to Johns Hopkins campus, Shady Grove Medical Center, and 3 miles to the Intercounty Connector (ICC). Dont miss this rare opportunity for first-floor living with direct parking access and a convenient location!
Presented By: Signature Home Realty LLC

Interior Features for 503 Palmtree Drive # 1

Bedrooms

Main Level Bedrooms2
Total Bedrooms2

Bathrooms

Total Baths1

Other Interior Features

LivingAreaSourceAssessor
Below Grade Unfin Area UnitsSquare Feet
Below Grade Unfin SQFT0
Below Grade Unfin SQFT SourceAssessor
Above Grade Finished Area864
Above Grade Finished Area SourceAssessor
Above Grade Finished Area Unit TypeSquare Feet
Basement (Y/N)No
Below Grade Finished Area
Below Grade Finished Area SourceAssessor
Below Grade Finished Area Unit TypeSquare Feet
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

Other Rooms

Entry Level1

General for 503 Palmtree Drive # 1

Acceptable FinancingCash, Conventional, FHA, VA
AccessibilityNone
Architectural StyleColonial
Association AmenitiesCommon Grounds, Swimming Pool, Tennis Courts, Tot Lots/Playground
Association Fee IncludesAll Ground Fee, Common Area Maintenance, Lawn Maintenance, Management, Pool(s), Sewer, Trash, Water
Bathrooms Count Main Level1.00
Bathrooms Full Main Level1
Building NamePARK SUMMIT CODM
CityGAITHERSBURG
Condo/Coop Association fee Y/NYes
Construction MaterialsShingle Siding
Cool FuelElectric
CoolingCentral A/C
CountyMONTGOMERY
Directions270 TO SAM EIG. RIGHT ON GREAT SENECA. RIGHT ON MUDDY BRANCH. RIGHT ON PALM SPRING TO 2ND RIGHT-PALMTREE DRIVE. 503 PALMTREE DRIVE WILL BE ON THE RIGHT.
Full Baths1
Garage Y/NNo
HOANo
HOA Fee 2401.00
HOA Fee 2 FrequencyMonthly
HeatingForced Air
Legal SubdivisionPARK SUMMIT CODM
Levels1
Living Area864
MunicipalityCity of Gaithersburg
New ConstructionNo
Other StructuresAbove Grade, Below Grade
OwnershipCondominium
Possession0-30 Days CD, Settlement
Price Per Sq Ft Total AG318.29
Property TypeResidential
School DistrictMONTGOMERY COUNTY PUBLIC SCHOOLS
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Structure TypeUnit/Flat/Apartment
Subdivision NamePARK SUMMIT CODM
Tax Annual Amount2613.0
Tax Assessed Value210000.0
Tax Year2025
Total SQFT864
Unit Number1
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1987
Year Built SourceAssessor
ZoningR20

Exterior for 503 Palmtree Drive # 1

Land Assessed Value63000.00
Land Use CodeU
Navigable Water Y/NNo
PoolYes - Community
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Charles Torres

Owner
Price $275,000
MLS#MDMC2223088
List Date 03/20/2026
Property Type Condos
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