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Potomac 20854 Potomac
12101 GATEWATER DRIVE
$1,537,500
↓ $8K (0.5%)
● House - For Sale

12101 GATEWATER DRIVE

POTOMAC, MD 20854
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,197 Ft²
$8,505
Est. Monthly
$347
HOA / Fees

About This Property

**$20,000 Seller Closing Cost Credit** 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. Buyer may opt to use Seller Closing Cost Credit towards a 2% REDUCTION ON A MORTGAGE RATE.

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
Unit Size
3,197 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$481
Property Type
House
Property Taxes
$608
HOA Dues
$347
Year Built
1986

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Last updated: 3 days ago (Bright MLS #MDMC2255028)

Price History

Date / Event Date Event Price
Oct 9, 2026 Price Decreased $1,537,500
↓ $8K (0.5%)
Price Decreased
Oct 5, 2026 Listed by Compass $1,545,000
Listed by Compass
**$20,000 Seller Closing Cost Credit** 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. Buyer may opt to use Seller Closing Cost Credit towards a 2 BASIS POINT REDUCTION ON A MORTGAGE RATE. 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)
Sep 26, 2026 Price Decreased $1,545,000
↓ $5K (0.3%)
Price Decreased
Sep 8, 2026 Listed by Compass $1,550,000
Listed by Compass
Jun 30, 2022 Sold
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Attached, Garage, Driveway, Surface
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Breakfast Bar, Walk-In Closet(s), Soaking Tub, Crown Molding, Storage, Kitchen Island, Floor Plan - Open, Primary Bath(s), Skylight(s), Upgraded Countertops, Wood Floors, Bathroom - Walk-In Shower, Window Treatments, Family Room Off Kitchen, Dining Area
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Range Hood, Refrigerator, Washer, Built-In Range, Microwave, Double Oven, Water Heater, Stainless Steel Appliance(s), Oven - Wall, Energy Efficient Appliances
Flooring Type: Ceramic Tile, Hardwood, Carpet
Door Features: French, Sliding Glass
Rooms: 13
Has Fireplace
Fireplace Features: Screen
Fireplaces: 2
Basement: Finished
Exterior Details
Square Footage: 3197
Square Footage Source: $0
Property Condition: Good
Architectural Style: Colonial
Year Built Source: Estimated
Year Built: 1986
Levels: 3
Other Structures: Above Grade
Window Features: Double Pane Windows, Skylight(s), Palladian, Bay/Bow
Construction Materials: Brick, Vinyl Siding
Patio and Porch Features: Patio, Deck
Lot Features: Backs - Open Common Area, Backs to Trees, Landscaping
Lot Size Area: 5315
Lot Size Units: Square Feet
Lot Size Acres: 0.12
Lot Size Square Feet: 5315
Tax Lot: 48
Water Source: Public
Financial Details
Tax Assessed Value: $618,700
Tax Annual Amount: $7,296
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Snow Removal, Trash, Management
HOA/Condo/Coop Amenities: Basketball Court, Tennis Court(s), Playground, Jog/Walk Path
HOA Fee: $347
HOA Fee Frequency: Quarterly

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,000
  • Garage Type: 2
  • Garage Square Area: 252
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,315
  • Total Building Area: 2,197
  • Gross Building Area: 2,197
  • Building Area: 2,197
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,197
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FALLSBERRY
  • Land Acres: 0000000122
  • Standard Land Use Code: 1001
  • County Land Use Code: R-B001
  • Legal Description 1: FALLSBERRY

Neighborhood

  • School District Name: Montgomery County Public Schools
  • Census Tract: 706007

Zoning

  • Zoning: PD3

Geography

  • Assessors Map Reference: FQ62
  • Account Number: 02333208
  • District: 10
  • Parcel: 10-02333208
  • Block: A
  • Lot: 48
  • Latitude: 39.0528
  • Longitude: -77.1864

    Address

  • Full Address: 12101 Gatewater Dr
  • Address - House Number: 12101
  • Address - Street Name: Gatewater
  • Address - Suffix Type: Dr
  • State: MD
  • City Name: Potomac
  • Carrier Code: C024
  • 4-Digit Zip Code: 2874
  • Zip Code: 20854

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $772,881

    Appraisal Valuation

  • Standard Deviation: 0.1335
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 84
  • Final Value: 1,109,900
  • High Value: 1,258,088
  • Low Value: 961,711

    Market Valuation

  • Market Total Value: $940,300
  • Market Land Value: $249,500
  • Market Improvement Value: $690,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $725,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 23, 2022
  • Current Sale Recording Date: Jun 30, 2022
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 04, 2015
  • Previous Sale Contract Date: Aug 14, 2015
  • Previous Sale Amount: $681,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Potomac


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Frequently Asked Questions

When was property at 12101 Gatewater Drive built and last sold?
The property at 12101 Gatewater Drive was built in 1986 and last sold on Jun 23, 2022 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 12101 Gatewater Drive is $1,488,587.
What are some comparable homes to 12101 Gatewater Drive?
There are currently no comparable homes to 12101 Gatewater Drive.