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$1,545,000 Just Listed
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Property Description
**$25,000 Seller Credit towards Mortgage Rate BuyDown**Tucked away into a lush, green common area in the highly sought-after Fallsberry community of Potomac, this beautifully updated residence offers a rare sense of privacy, tranquility, and effortless indoor-outdoor living for the contemporary lifestyle. Thoughtfully designed at just under 3,200 square feet, every space flows naturally into the next, creating a home that's perfectly suited for both quiet, everyday moments and easy entertaining. Sunlight streams through the skylight and sunburst window into a dramatic, two-story foyer helping to capture the full scale of this impressive home, while new, recessed lighting and rich hardwood floors create a warm and inviting ambience. The formal living and dining rooms transition gracefully into the heart of the home, a FULLY RENOVATED designer kitchen featuring sleek, dark wood cabinetry, waterfall quartz countertops, crisp and modern light tile flooring, and an impressive suite of new stainless steel appliances including dual ovens, an induction range, and wine refrigerator. Sliding glass doors open directly off of the kitchen and onto the deck, allowing activities to flow straight into the outdoors. Just past the kitchen, the family room is anchored by a cozy, brick fireplace, soaring vaulted ceilings, and abundant windows that look out into the trees beyond. An additional set of sliding glass doors connect the room to the wraparound patio/deck, creating a seamless transition between the home's inviting interior and its peaceful natural surroundings. The half-bath located between the family room and kitchen provides additional convenience. Upstairs, the spacious primary suite serves as a private retreat with an exceptionally large WALK-IN CLOSET with custom shelving, and two additional closets for abundant storage. The luxuriously renovated spa-like bath features a SIT-IN SOAKING TUB, heated towel rack, marble-inspired quartz vanity, backlit mirror, and a separate shower with clean chrome finishes. Two additional bedrooms share a beautifully renovated hall bath complete with an additional skylight, wide-sink vanity, full-size shower with built-in storage niche, designer contrasting tile, chrome fixtures, and new finishes throughout. The fully finished lower level expands the home's versatility with a spacious recreation room featuring a second fireplace and custom built-in bookshelves ideal for movies, game nights, or a home gym. French doors open to an additional room that functions beautifully as a private home office, guest suite, or POTENTIAL FOURTH BEDROOM complete with a full bath. A generously-sized laundry room has been completely updated with custom cabinetry, quartz countertops, utility sink, and new front-loading, energy-efficient stainless steel washer and dryer. Outdoor living is equally impressive. A new, FULLY-FENCED WRAPAROUND PATIO/DECK creates multiple spaces for dining, relaxing, and entertaining, complete with a secluded HOT TUB overlooking mature trees. Independent from the back yard is a securely gated and fenced side yard perfect for a garden, dog run, or additional outdoor workspace and includes a storage shed. Complete with a one-car GARAGE, additional driveway parking, and an unbeatable location backing to peaceful green space, this exceptional home offers the perfect balance of sophisticated updates, functional design, and everyday comfort. Additional upgrades include: Furnace (2023), Exterior (2023), Window Treatments, Water Heater (2024), Gutters (2025), Irrigation System (2023), Garage Door Motor (2024
Full Property Details
Full Property Details for 12101 Gatewater Dr
General
- Price: $1,545,000
- Taxes: $10,884 (2025)
- Status: Active
- Type: Condo
- Source: MRED
- MLS ID: 12776918
- Updated: 10/6/2026
- Added to Site: 2 day(s) ago
Interior
- Basement: Finished, F
- Interior Features: Cathedral Ceiling(s), Hot Tub, High Ceilings, Open Floorplan, Granite Counters, Quartz Counters
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Family Room, Den/Library, Wood-Burning
- Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, High-End Refrigerator, Disposal, Stainless Steel Appliance(s), Wine Refrigerator, Range Hood, Electric Cooktop
- Flooring: Hardwood, Carpet
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
- Basement Baths: Yes
- Bathroom Features: Separate Shower, Double Shower, Soaking Tub
Bedrooms
- Total Bedrooms: 4
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Total Spaces: 3
- Parking Features: Concrete, Yes, Attached, Off-Street, Driveway, Garage Faces Front, Garage
Location
- Area: Out of Area South
- County: Montgomery
- Township: Fallsberry
- Driving Directions: Exit 4B from I-270 N to merge onto Montrose Rd.. Continue along Montrose Rd, then follow MD-189 S (Falls Rd) to Gatewater Dr.
Community
- Assoc. Fees Include: None
- Mgmt. Company: Fallsberry Homeowners Association
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Electric, Radiant Floor
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Colonial
- Architectural Style: Colonial
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished, Full, Daylight
- Windows: Skylight(s), Window Treatments, Bay Window(s), Double Pane Windows, Plantation Shutters, Screens, Storm Window(s)
- Doors: French Doors, Storm Door(s), Sliding Glass Door(s)
- Sub-Flooring: Hardwood, Carpet
- Square Feet: 3,197
- Sq. Ft. Source: Plans
- Year Built: 1986
- Remodeled/Updated: 2022
Additional Structures
- Other Structures: Garage Faces Front
Lot Features
- Lot Size (Acres): 0.12
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: per survey
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1986
- Tax Amount: $10,884
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Condo
- Special Conditions: Standard
- Property ID: 16100233208
Listed by Compass
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Schools
Schools serving 12101 Gatewater Dr
School District:Montgomery County Public Schools, Gaithersburg, MD
| Name | Grades | Distance |
|---|---|---|
Beverly Farms Elementary School 8501 Postoak Road, Potomac, MD 20854 | K-5 | 0.5 mi |
Herbert Hoover Middle School 8810 Postoak Road, Potomac, MD 20854 | 6-8 | 0.8 mi |
Winston Churchill High School 11300 Gainsborough Road, Potomac, MD 20854 | 9-12 | 1 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 12101 Gatewater Dr
Date
Details
Price
Change
Source
10/05/2026
Listed
$1,545,000
54.5%
MLS
6/23/2022
Sold
$1,000,000
—
Public Record
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
Tax History for 12101 Gatewater Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,483
—
$881,700
-6%
2025
$9,483
-7%
$940,300
13%
2024
$10,198
53%
$833,100
15%
2022
$6,670
34%
$725,900
17%
2022
$4,987
-27%
$618,700
—
2018
$6,845
4%
$618,700
—
2021
$6,571
-6%
$618,700
-6%
2020
$6,984
7%
$658,700
6%
2019
$6,540
5%
$619,667
7%
2018
$6,219
5%
$580,633
7%
2017
$5,908
4%
$541,600
—
2016
$5,690
-1%
$541,600
—
2015
$5,742
-5%
$541,600
-4%
2014
$6,063
—
$563,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 12101 Gatewater Dr
12101 Gatewater Drive, Potomac, MD 20854 (MLS# 12776918) is a Condo property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 12101 Gatewater Drive is currently listed for $1,545,000 and was received on October 05, 2026. Want to learn more about 12101 Gatewater Drive? Do you have questions about finding other Condo real estate for sale in Potomac? You can browse all Potomac real estate or contact a Coldwell Banker agent to request more information.
