$274,900

501 Palmtree Dr Unit 3 Gaithersburg, MD 20878

$3,264
Closing credit¹
2 beds
2 full
964 sqft
$285 / sqft
Condo

Property details

About 501 Palmtree Dr Unit 3

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 brand-new HVAC unit (air handler) for year-round comfort, and 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!

Highlights

Home typeCondominium
HeatingHeat Pump
StatusActive
(ACTIVE)
CoolingCentral Air
Size964 sqft
Year built1987
ParkingUnassigned, Parking Lot
MLS #MDMC2167872

Summary

  • Full Bathrooms: 2
  • Appliances: Stainless Steel Appliances, Microwave, Disposal, Dishwasher, Dryer, Refrigerator, Water Heater, Washer, Stove, Oven, Electric Range
  • Basement: No
  • Flooring Type: Luxury Vinyl Plank
  • Interior: Breakfast Area, Wood Floors, Window Treatments, Walk-in Closet(s), Upgraded Countertops, Primary Bath(s), Pantry
  • Total Bedroom Count: 2
  • Parking: Unassigned, Parking Lot
  • Architectural Style: Unit/Flat
  • Heating: Heat Pump
  • Cooling: Central Air
  • List Price: $274,900
  • Price/SqFt: $285
  • Directions: Take Muddy Brance Rd West from 355. Left on Palmspring Drive.
  • Year Built: 1987
  • Stories: 1
  • Living Area: 964 SqFt
  • Municipality: City Of Gaithersburg
  • MLS Number: MDMC2167872
  • MLS Name: BRIGHT
  • Office Name: Keller Williams Capital Properties
  • Office Phone: (301) 251-1221
  • Listing Agent: Patrick R Beasley
  • Agent Phone: (240) 801-5471
  • Agent Email: patrick@patrickrbeasley.com

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. 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. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/6/2025, 9:45:41 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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501 Palmtree Dr Unit 3, Gaithersburg, MD 20878 - kitchen featuring light countertops, blue cabinets, stainless steel appliances, and a sink

$274,900

501 Palmtree Dr Unit 3

$3,264

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

4

Fields Road Elementary School

Public District PK-5

0.4 mi

1 School Dr

4

Summit Hall Elementary School

Public District PK-5

0.9 mi

101 W Deer Park Rd

4

Brown Station Elementary School

Public District PK-5

1.4 mi

851 Quince Orchard Blvd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $61,741. Typical income of Gaithersburg, MD residents is between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

17%
<35k
66%
35k-100k
17%
100k-200k
0%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

40%
Single, No Kids
16%
Single, with Kids
17%
Married, No Kids
27%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

19%
<11 yrs old
6%
12-17 yrs old
32%
18-34 yrs old
39%
35-64 yrs old
4%
65+ yrs old

What do the neighbors do for fun?

  • Hiking/backpackingHiking/backpacking
  • Minor League Baseball GamesMinor League Baseball Games
  • Yoga/pilatesYoga/pilates

Where do the neighbors shop?

  • Nordstrom RackNordstrom Rack
  • New York & CompanyNew York & Company
  • H&MH&M

Where do the neighbors go to eat?

  • ChipotleChipotle
  • Chick-fil-AChick-fil-A
  • Dominos PizzaDominos Pizza

What do the neighbors drive?

  • MazdaMazda
  • KiaKia
  • AudiAudi

What do the neighbors listen to?

  • RockRock
  • Talk/PersonalityTalk/Personality
  • AlternativeAlternative
All data provided by Home Junction and Claritas

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Frequently asked questions

About 501 Palmtree Dr Unit 3

The listing price of 501 Palmtree Dr Unit 3 property is $274,900.

The property 501 Palmtree Dr Unit 3 is a condo located in Gaithersburg, Maryland, 20878.

Active Listing: 501 Palmtree Dr Unit 3 is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 501 Palmtree Dr Unit 3 are: Fields Road Elementary School (GreatSchools Rating 4/10), Summit Hall Elementary School (GreatSchools Rating 4/10), Brown Station Elementary School (GreatSchools Rating 4/10), Lakelands Park Middle School (GreatSchools Rating 6/10), Gaithersburg Middle School (GreatSchools Rating 3/10), Ridgeview Middle School (GreatSchools Rating 5/10), Gaithersburg High School (GreatSchools Rating 3/10), Quince Orchard High School (GreatSchools Rating 7/10), Thomas S. Wootton High School (GreatSchools Rating 9/10).

The property at 501 Palmtree Dr Unit 3 has 2 bedrooms and 2 bathrooms.

The property 501 Palmtree Dr Unit 3 is 964 SqFt (source: MLS/tax record).

The year of construction for 501 Palmtree Dr Unit 3 is 1987.

This home is located at 501 Palmtree Dr Unit 3 in Gaithersburg, MD and zip code 20878 in the Park Summit neighborhood. This 964 square foot home was built in 1987. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 28, 2025 and is currently priced at $274,900.

The number of listings in Gaithersburg, MD increased by 125.6% between April and May 2025. While the average time on the market in May 2025 was 44 days, the median list price was $610,000.

From Rocket Homes Real Estate and based on county public records data.

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