Check Availability
$2,090,000
● House - For Sale

431 OLYMPIA WAY

GREAT FALLS, VA 22066
bedrooms
5 Beds
bathrooms
4 Baths
square feet
6,055 Ft²
$12,176
Est. Monthly

About This Property

Welcome to an exceptional, fully remodeled luxury estate situated on 2.59 acres of pristine, professionally managed grounds. Nestled in an exclusive cul-de-sac location, this timeless all-brick and stone residence commands attention with its grand circular driveway and extensive guest parking.

Inside, a dramatic two-story foyer featuring new porcelain tile flooring welcomes you into an open-concept layout. The formal living room is anchored by a breathtaking two-story stone fireplace with a high-efficiency wood-burning stove, framed by a striking wall of windows that floods the space with natural light. The main level seamlessly flows over beautifully refinished, wide-plank hardwood floors to include a private executive office, a full bathroom, a cozy family room, and a sun-drenched sunroom. At the heart of the home is a gourmet chef's kitchen, meticulously equipped with high-end stainless steel appliances, premium Quartzite countertops, designer cabinetry, a distinct center island, a separate dining room, and custom designer lighting.The upper level overlooking the grand entry features 4 bedrooms, including an exquisite primary retreat. The spa-like primary bathroom is a masterpiece of design, offering radiant heated floors, a freestanding soaking tub, floating designer cabinetry, and custom tilework. The fully finished lower level functions beautifully as a secondary suite, offering a fully remodeled living space, a brand new full kitchen, a full luxury bathroom, and a second laundry room all in a full walkout space. Whole house generator!

The exterior of this estate is a true resort-style sanctuary, designed for seamless indoor-outdoor living and high-end entertaining. Stretching across the rear of the main level is an extensive custom deck that offers a commanding view of the backyard pool area. For private relaxation, a secondary upper-level deck sits directly off the primary bedroom suite, creating a peaceful space to look out over your private grounds. Both vantage points overlook the newly refurbished in-ground pool, which serves as the centerpiece of the yard and comes fully equipped with an integrated spa, a diving board, and a custom rock waterfall feature. Enveloped by significant forestry management and professional landscaping, the sprawling, expansive backyard provides absolute privacy and tranquility, creating a quiet retreat hidden away from the outside world.

This meticulously maintained estate offers complete peace of mind with an extensive history of structural and mechanical updates:
2026: New main furnace, whole-house water softener, and updated radon mitigation system (fan and manometer gauge). Complete pool surface refinishing  and new lights.
2025: Comprehensive lower-level secondary suite remodel (including the full bath and new laundry room) and a new well-water pressure tank.
2024: New porcelain tile entryway, refinished main-level hardwoods, updated security and fire detection system, new well-water pump, and significant forestry management and landscaping.
2019: New architectural roof and a new hot water heater.
2018: Comprehensive designer kitchen, primary suite, and main/upper-level bathroom renovations, new upper-level wide-plank hardwoods, great room window replacements, main-level laundry remodel, and upgraded interior doors and hardware.
2016–2017: High-efficiency furnace and whole-home humidifier installations.

While nestled in a completely peaceful, private setting, this estate offers an incredibly convenient lifestyle just minutes from prime commuter routes like Route 7, Fairfax County Parkway, and the Dulles Toll Road.

Nearby Outdoor Recreation: Walk or hike the scenic river paths at nearby Great Falls Park and Riverbend Regional Park.

Minutes from the historic Great Falls Village Centre for local boutique shopping, seasonal farmers markets, and highly acclaimed local dining. Close to the world-class performances at the nearby Wolf Trap National Park for the Performing Arts.
Unit Size
6,055 Ft²
Days on Market
-
Land Size
2.59 acres
Price per sqft
$345
Property Type
House
Property Taxes
$1,913
HOA Dues
-
Year Built
1996

Listed By

Laura Larson
Larson Fine Properties

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Last updated: 2 months ago (Bright MLS #VAFX2342596)

Price History

Date / Event Date Event Price
Sep 22, 2026 Listed by Larson Fine Properties $2,090,000
Listed by Larson Fine Properties
May 17, 2024 Sold
Sold
May 11, 2024 In contract -
In contract
May 10, 2024 Listed by TTR Sotheby's International Realty $1,599,900
Listed by TTR Sotheby's International Realty
Nestled in beautiful Great Falls, 431 Olympia Way offers a rare opportunity to experience exquisite living in an idyllic setting. This stately residence boasts timeless elegance and impressive updates all set against a backdrop of lush greenery and serene landscapes on 2.6 acres. Five bedrooms and four full baths on three levels. The main level features a large entry foyer leading to a dramatic great room with stone fireplace, two-story ceiling, and soaring windows. A renovated kitchen with top notch finishes, center island, table space and access to the decks overlooking the pool. A separate dining room, a large living room, study, sunroom, a renovated full bath, laundry and garage access are also on the main level. The upper level has the spacious primary bedroom with a beautiful primary bath that features a floating double vanity and radiant flooring, a large walk-in closet with additional storage and a deck overlooking the pool. Three additional spacious bedrooms and a renovated full bath are also on the upper level. The lower level has a large rec room with fireplace, bedroom, full bath, kitchenette, and tons of storage. Large two-car garage with plenty of driveway parking. Private in-ground pool. All in a lovely setting. Schedule your private tour today.
Sep 25, 2003 Sold
Sold
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Property Highlights

Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Attached, Garage, Driveway
Garage Spaces: 2
Interior Details
Full Bathrooms: 4
Interior Features: Breakfast Bar, Ceiling Fan(s), Kitchen Island, Recessed Lighting, Walk-In Closet(s), Storage, 2nd Kitchen, Bathroom - Walk-In Shower, Family Room Off Kitchen, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Gourmet, Primary Bath(s), Stove - Wood, Water Treat System, WhirlPool/HotTub, Wood Floors
Flooring Type: Hardwood, Ceramic Tile, Luxury Vinyl Plank
Rooms: 20
Has Fireplace
Fireplace Features: Stone
Fireplaces: 2
Basement: Finished, Improved, Walkout Level, Windows
Exterior Details
Square Footage: 6055
Square Footage Source: $0
Property Condition: Excellent
Architectural Style: Contemporary
Year Built Source: Estimated
Year Built: 1996
Levels: 3
Other Structures: Above Grade, Below Grade
Construction Materials: Brick, Stone
Pool Features: In Ground
Pool is Private
Lot Features: Front Yard, Wooded, Landscaping, Poolside, Rear Yard
Lot Size Area: 112847
Lot Size Units: Square Feet
Lot Size Acres: 2.59
Lot Size Square Feet: 112847
Tax Lot: 1-A1
Water Source: Well
Financial Details
Tax Assessed Value: $1,990,400
Tax Annual Amount: $22,960
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s)
Heating Type: Central
Sewer : On Site Septic

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 40
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 1
  • Basement Area: 667
  • Garage Type: 1
  • Garage Square Area: 650
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 8
  • Location Influence Type: 206

    Dimensions

  • Lot Size Square Feet: 112,847
  • Total Building Area: 5,648
  • Gross Building Area: 5,858
  • Building Area: 4,331
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 4,331
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 2
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEACH MILL HILL
  • Land Acres: 0000002591
  • Standard Land Use Code: 1001
  • County Land Use Code: 011
  • Legal Description 1: BEACH MILL HILL LT 1-A1

Neighborhood

  • School District Name: Fairfax County Public Schools
  • Census Tract: 480100

Zoning

  • Zoning: 100

Geography

  • Assessors Map Reference: 002-4
  • District: Dec 31, 2001
  • Parcel: 0024-02-0001A1
  • Lot: 1A
  • Municipality: DRANESVILLE DIST #1
  • Latitude: 39.0329
  • Longitude: -77.3379

    Address

  • Full Address: 431 Olympia Way
  • Address - House Number: 431
  • Address - Street Name: Olympia
  • Address - Suffix Type: Way
  • State: VA
  • City Name: Great Falls
  • Carrier Code: R077
  • 4-Digit Zip Code: 3018
  • Zip Code: 22066

Valuation

    Tax

  • Total Area: 4,160
  • Tax Year: 2022
  • Tax Amount: $1,681,575
  • Tax Rate Code Area: 20100

    Appraisal Valuation

  • Standard Deviation: 0.1044
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 89
  • Final Value: 1,870,482
  • High Value: 2,065,841
  • Low Value: 1,675,123

    Market Valuation

  • Market Total Value: $1,470,550
  • Market Land Value: $598,000
  • Market Improvement Value: $872,550

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,470,550
  • Assessed Land Value: $598,000
  • Assessed Improvements Value: $872,550

    Sales

  • Current Sale Recording Date: Sep 25, 2003
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 11, 1995
  • Previous Sale Amount: $160,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: VAR
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 Great Falls


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Frequently Asked Questions

When was property at 431 Olympia Way built and last sold?
The property at 431 Olympia Way was built in 1996 and last sold on Jan 1, 1970 for $999,000.
How much is this home worth?
The estimated value of the home located at 431 Olympia Way is $2,110,900.
What are some comparable homes to 431 Olympia Way?
There are currently no comparable homes to 431 Olympia Way.