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8605 Potomac School Terrace
Potomac, MD 20854
$3,790,000
Conventional
Property
Bedroom
6
Bathroom
Full: 6, ½: 1
Property Type
Conventional
Square ft
11400 Square Feet
Property Description
Nestled in the prestigious Avenel community, this exquisite contemporary Italian-inspired residence offers a perfect blend of comfort and luxury. The grand colonnaded porte-cochère welcomes you into a residence that radiates both elegance and warmth. Spanning over 11,000 square feet of opulent living space, this home offers every amenity a discerning homeowner could desire. Upon entering, you are greeted by expansive, light-filled rooms accentuated by floor-to-ceiling windows. The main level showcases gracious formal living and dining rooms, a sophisticated office, and an impressive great room. Featuring 22-foot ceilings, a fireplace, and expansive windows overlooking the lush backyard, the great room serves as the heart of the home. Adjacent to this space is the renovated open-concept kitchen and breakfast room, creating an ideal setting for both daily living and grand entertaining. The gourmet kitchen, a chef’s dream, boasts top-of-the-line appliances, custom cabinetry, and Quartz countertops. A flex room with a dedicated en-suite bathroom sits just off the kitchen, perfect as a secondary home office or main-level guest suite. Completing this level is a spacious screened-in porch, offering a seamless blend of indoor and outdoor living. The opulent primary suite is a true sanctuary, featuring a fully renovated, spa-inspired bathroom, an expansive walk-in closet, a hidden safe, and a secret room for added security. Additionally, the suite boasts a private balcony and a serene sitting area with a gas fireplace, perfect for unwinding in style. Beyond the impressive owner’s suite you will find three secondary bedrooms and two newly renovated full baths, a convenient laundry room equipped with new Whirlpool front-loading washer and dryer set, as well as a rear staircase. The completely finished lower level presents endless opportunities for entertainment and relaxation. This level includes a private home theater, a well-appointed home gym, an in-law suite, and additional flex rooms, one of which is ideally suited for a wine cellar. The expansive recreation room and bar area is perfect for creating a personalized sports bar, complete with space for a poker or pool table. From here, step out to the lower terrace and pool area—an entertainer’s paradise. Situated on two sprawling acres, the property is designed for both relaxation and recreation. Enjoy the serene ambiance of mature gardens, complete with a tranquil water feature, or take a refreshing dip in the inviting swimming pool. The outdoor kitchen is ideal for al fresco dining and entertaining. Car enthusiasts will appreciate the six garage bays (please confirm if they are heated), perfect for housing a prized collection. Above the carriage house, the guest quarters feature a full kitchen, living and dining area, a large bedroom, and a full bath, providing luxurious accommodations for visitors. This property is a true haven for those who appreciate the finer things in life. Whether hosting lavish gatherings or enjoying peaceful, private moments at home, this estate is ideal for a discerning diplomat, CEO, avid golfer, or anyone seeking the pinnacle of Potomac living.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1996
MLS Number
--
Location
Address
8605 POTOMAC SCHOOL TERRACE
City
POTOMAC
State
MD
Zip Code
20854
County
MONTGOMERY (CENTRAL)
Listing
Provider
Name
Phone
(301) 298-1001
Office Name
Office Phone
(301) 298-1001
Agent Name
Cara Pearlman
Agency Phone
(301) 298-1001

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.