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$275,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 1 Full Bath
  • 864 Sq. Ft.
  • Updated 5 days ago
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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). Don't miss this rare opportunity for first-floor living with direct parking access and a convenient location!

Full Property Details for 503 Palmtree Dr #1

General

  • Price: $275,000
  • HOA FEE: $401/month
  • Taxes: $2,613 (2025)
  • Status: Active
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDMC2223088
  • Updated: 3/20/2026
  • Added to Site: 6 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Baths: 1
  • Main - Full Baths: 1

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Main & Up: 2

Additional Information

  • Shared Amenities: Common Grounds, Swimming Pool, Tennis Courts, Tot Lots/Playground
  • Shared Pool: Yes
  • Pool: Yes

Parking

  • Parking Type: Parking Lot

Location

  • Municipality: City of Gaithersburg
  • County: MONTGOMERY
  • Subdivision: PARK SUMMIT CODM
  • Building Name: PARK SUMMIT CODM
  • Driving Directions: 270 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.
  • City Limits: Yes

School Information

  • School District: Montgomery County Public Schools

Community

  • Assoc. Fees Include: All Ground Fee, Common Area Maintenance, Lawn Maintenance, Management, Pool(s), Sewer, Trash, Water
  • Pets Allowed: Yes
  • Pets: Dogs OK, Cats OK

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Colonial
  • Structure Type: Garden 1 - 4 Floors
  • Construction: Shingle Siding
  • Walls/Ceilings: Dry Wall
  • Entry Floor Number: 1
  • Stories Description: Main
  • Square Feet: 864
  • Sq. Ft. Source: Assessor
  • Living Area: 864 Sq. Ft.
  • Finished Above Grnd: 864 Sq. Ft.
  • Year Built: 1987
  • Year Built Source: Assessor

Lot Features

  • Zoning: R20

Financial Considerations

  • Price Per Sq. Ft.: $318.29
  • Condo Fee: $401
  • Condo Fee Freq: Monthly
  • Assessment Year: 2026
  • City/TownTax: $510
  • City/TownTax Freq: Annually
  • County Tax: $2,026
  • County Tax Freq: Annually
  • Tax w/Assessment: $210,000
  • Tax Amount: $2,613
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 864

Disclosures and Reports

  • Ownership: Condominium
  • Condo: Yes

Listed by Signature Home Realty LLC, Cong Zhang

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Listing agents

— 503 Palmtree Dr #1 —

  • Cong Zhang

    Signature Home Realty LLC

  • Cong Zhang

    Signature Home Realty LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 503 Palmtree Dr #1

School District:Montgomery County Public Schools, Gaithersburg, MD
NameGradesDistance
Fields Road Elementary School
1 School Drive, Gaithersburg, MD 20878
PK-50.4 mi
Ridgeview Middle School
16600 Raven Rock Drive, Gaithersburg, MD 20878
6-82 mi
Quince Orchard High School
15800 Quince Orchard Road, Gaithersburg, MD 20878
9-122.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 503 Palmtree Dr #1 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/20/2026
Listed
$275,000
48.65%
MLS
11/05/2021
Sold
$185,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 503 Palmtree Dr #1

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,613
9%
$195,000
8%
2024
$2,402
15%
$180,000
9%
2022
$2,080
3%
$165,000
3%
2022
$2,015
6%
$160,000
3%
2018
$1,909
-2%
$155,000
3%
2021
$1,955
—
$150,000
—
2020
$1,961
—
$150,000
—
2019
$1,967
-10%
$150,000
-9%
2018
$2,184
4%
$165,000
6%
2017
$2,096
10%
$155,000
7%
2016
$1,902
8%
$145,000
7%
2015
$1,769
-1%
$135,000
—
2014
$1,793
—
$135,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Signature Home Realty LLC, Cong Zhang

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503 Palmtree Drive #1, Gaithersburg, MD 20878 (MLS# MDMC2223088) is a Condo property with 2 bedrooms and 1 full bathroom. 503 Palmtree Drive #1 is currently listed for $275,000 and was received on March 20, 2026. Want to learn more about 503 Palmtree Drive #1? Do you have questions about finding other Condo real estate for sale in Gaithersburg? You can browse all Gaithersburg real estate or contact a Coldwell Banker agent to request more information.

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