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  • Price cut: $7.5K (10/8)
    $1,537,500

    12101 Gatewater Dr, Potomac, MD 20854

    4beds
    3,197sqft
    : 
    $9,727/mo
    Get pre-qualified
    Single Family Residence
    Built in 1986
    -- sqft lot
    $-- Zestimate®
    $481/sqft
    $-- HOA

    What's special

    **$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)
    14 days
    468
    18

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Janice Pouch (202)740-5201,

    Compass 202-386-6330

    Source: MRED as distributed by MLS GRID,MLS#: 12776918MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Recreation Room, Foyer, Utility Room-Lower Level, Walk In Closet
      Primary bedroom
      • Features: Bathroom (Full)
      • Level: Second
      • Area: 289 Square Feet
      • Dimensions: 17X17
      Bedroom 2
      • Level: Second
      • Area: 132 Square Feet
      • Dimensions: 12X11
      Bedroom 3
      • Level: Second
      • Area: 169 Square Feet
      • Dimensions: 13X13
      Bedroom 4
      • Level: Lower
      • Area: 209 Square Feet
      • Dimensions: 11X19
      Dining room
      • Level: Main
      • Area: 180 Square Feet
      • Dimensions: 18X10
      Family room
      • Level: Lower
      • Area: 209 Square Feet
      • Dimensions: 11X19
      Foyer
      • Level: Main
      • Area: 126 Square Feet
      • Dimensions: 7X18
      Kitchen
      • Features: Kitchen (Island, Custom Cabinetry, Granite Counters, Updated Kitchen)
      • Level: Main
      • Area: 220 Square Feet
      • Dimensions: 20X11
      Laundry
      • Level: Lower
      • Area: 192 Square Feet
      • Dimensions: 12X16
      Living room
      • Level: Main
      • Area: 234 Square Feet
      • Dimensions: 13X18
      Recreation room
      • Level: Lower
      • Area: 396 Square Feet
      • Dimensions: 22X18
      Other
      • Level: Lower
      • Area: 84 Square Feet
      • Dimensions: 12X7
      Walk in closet
      • Level: Second
      • Area: 77 Square Feet
      • Dimensions: 11X7
      Heating
      • Electric, Radiant Floor
      Cooling
      • Central Air
      Appliances
      • Included: Double Oven, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Disposal, Stainless Steel Appliance(s), Wine Refrigerator, Range Hood, Electric Cooktop
      • Laundry: In Unit, Sink
      Features
      • Cathedral Ceiling(s), High Ceilings, Open Floorplan, Granite Counters, Quartz Counters
      • Flooring: Hardwood, Carpet
      • Doors: French Doors, Storm Door(s), Sliding Glass Door(s)
      • Windows: Skylight(s), Window Treatments, Bay Window(s), Double Pane Windows, Plantation Shutters, Screens, Storm Window(s)
      • Basement: Finished,Full,Daylight
      • Number of fireplaces: 2
      • Fireplace features: Wood Burning, Family Room, Den/Library
      Interior area
      • Total structure area: 0
      • Total interior livable area: 3,197 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Concrete, Yes, Attached, Off Street, Driveway, Garage Faces Front, Garage
      • Attached garage spaces: 1
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: No Disability Access
      Features
      • Stories: 3
      • Has spa: Yes
      • Spa features: Indoor Hot Tub
      Lot
      • Size: 5,227 Square Feet
      Details
      • Parcel number: 16100233208
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Colonial
      • Property subtype: Single Family Residence
      Materials
      • Brick
      Condition
      • New construction: No
      • Year built: 1986
      • Major remodel year: 2022

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Services included: None
      Location
      • Region: Potomac

      Financial & listing details

      • Price per square foot: $481/sqft
      • Tax assessed value: $881,700
      • Annual tax amount: $10,884
      • Date on market: 10/5/2026
      • Ownership: Condo

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/8/2026Price change$1,537,500-0.5%$481/sqft
        Source: MRED as distributed by MLS GRID #12776918 Report a problem
        10/5/2026Listed for sale$1,545,000-0.3%$483/sqft
        Source: MRED as distributed by MLS GRID #12776918 Report a problem
        8/8/2026Listing removed$1,550,000$485/sqft
        Source: Bright MLS #MDMC2244846 Report a problem
        7/10/2026Listed for sale$1,550,000+55%$485/sqft
        Source: Bright MLS #MDMC2244846 Report a problem
        6/29/2022Sold$1,000,000+11.2%$313/sqft
        Source: Bright MLS #MDMC2053624 Report a problem
        6/24/2022Pending sale$899,000$281/sqft
        Source: Bright MLS #MDMC2053624 Report a problem
        6/5/2022Contingent$899,000$281/sqft
        Source: Bright MLS #MDMC2053624 Report a problem
        6/1/2022Listed for sale$899,000+32%$281/sqft
        Source: Bright MLS #MDMC2053624 Report a problem
        9/4/2015Sold$681,000-2.7%$213/sqft
        Source: Public Record Report a problem
        5/16/2015Pending sale$699,900$219/sqft
        Source: UnionPlus Realty Inc. #MC8626955 Report a problem
        5/7/2015Listed for sale$699,900+33.3%$219/sqft
        Source: UnionPlus Realty Inc. #MC8626955 Report a problem
        10/8/2002Sold$525,000$164/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026$10,884 +14.8%$881,700 -6.2%
        2025$9,483 -1.1%$940,300 +12.9%
        2024$9,591 +14.7%$833,100 +14.8%
        2023$8,364 +22.5%$725,900 +17.3%
        2022$6,827 +0.1%$618,700
        2021$6,821 -0.1%$618,700
        2020$6,826 -0.1%$618,700 -6.1%
        2019$6,833 -0.2%$658,700 +6.3%
        2018$6,845 +3.9%$619,667 +6.7%
        2017$6,592 +15.7%$580,633 +7.2%
        2016$5,700 $541,600
        2015$5,700 $541,600
        2014$5,700 $541,600 -3.9%
        2013-- $563,700
        2012-- $563,700
        2011-- $563,700 -15%
        2010-- $663,050 +0.5%
        2009-- $659,862 +0.5%
        2008-- $656,676 +0.5%
        2007-- $653,490 +15.9%
        2006-- $563,662 +19%
        2005-- $473,836 +23.4%
        2004-- $384,010
        2003-- $384,010 +20%
        2002-- $319,923 +11.1%
        2001-- $287,880
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 20854

        Getting around

        14 / 100
        Car-Dependent
        17 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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