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Open: Sat 12pm-2pm
For sale
$500,000
3beds
1,660sqft

524 Coral Reef Dr, Gaithersburg, MD 20878

3beds
1,660sqft
Townhouse
Built in 1989
2,400 Square Feet Lot
$314,800 Zestimate®
$301/sqft
$85/mo HOA

What's special

**OPEN HOUSE SATURDAY 11/14, 12-2PM!! JUST STOP BY!!****Ask about our aggressive buyer incentives.** Welcome home to this spacious 3-bedroom, 3.5-bath townhome in the desirable Park Summit community! Offering three finished levels, a large rear deck, updated finishes, and flexible living spaces, this home combines comfort, functionality, and an excellent location. The main level features hardwood flooring and a bright, open layout with plenty of natural light. The kitchen offers crisp white cabinetry, generous counter space, stainless steel appliances, and a convenient pass-through overlooking the adjoining living area. Just beyond the kitchen is a dedicated dining space, while the spacious living room features attractive crown molding, built-in shelving and cabinetry, recessed lighting, and direct access to the expansive rear deck. With plenty of room for outdoor dining, grilling, or relaxing, the deck extends the living space outdoors and overlooks a peaceful community setting. A convenient powder room completes the main level. Upstairs, new carpeting adds a fresh feel throughout the bedroom level. The generously sized primary suite features two closets, including a large walk-in closet, a ceiling fan, and a private en-suite bath with a glass-enclosed shower. Two additional bedrooms offer flexibility for family, guests, or a home office, and a second full bathroom serves the upper level. The finished lower level provides even more room to spread out with a large family room centered around a fireplace—perfect for movie nights, entertaining, a playroom, or a comfortable second gathering space. A new full bathroom adds convenience and makes the lower level even more versatile. The utility/laundry room provides additional storage and includes the washer and dryer. Park Summit residents enjoy a variety of community amenities, including an outdoor pool, tennis courts, tot lots/playgrounds, and scenic walking paths, along with direct access to Malcolm King Park. The community offers an inviting setting for recreation and everyday enjoyment while keeping you close to everything the area has to offer. Conveniently located near Rio, Downtown Crown, and the Kentlands, with easy access to shopping, dining, entertainment, major commuter routes, and the Shady Grove Metro. With three finished levels, 3 bedrooms, 3.5 baths, generous indoor and outdoor living spaces, and sought-after community amenities, this Park Summit townhome is ready to welcome its next owner! Schedule your showing today!

1 day
153
3
Source: Bright MLS,MLS#: MDMC2258364MLS Logo
Travel times

Living Room

Kitchen

Primary Bedroom

Zillow last checked:

Listing updated:

Listed by:

Nathan Johnson 703-594-9104,

Keller Williams Capital Properties 703-964-1290

Source: Bright MLS,MLS#: MDMC2258364MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1
Rooms
  • Room types: Living Room, Dining Room, Primary Bedroom, Kitchen, Family Room, Bedroom 1, Laundry, Bathroom 1, Bathroom 2, Primary Bathroom, Half Bath
Primary bedroom
  • Level: Upper
Bedroom 1
  • Level: Upper
Primary bathroom
  • Level: Upper
Bathroom 1
  • Level: Upper
Bathroom 2
  • Level: Upper
Bathroom 2
  • Level: Lower
Dining room
  • Level: Main
Family room
  • Level: Lower
Half bath
  • Level: Main
Kitchen
  • Level: Main
Laundry
  • Level: Lower
Living room
  • Level: Main
Heating
  • Forced Air, Natural Gas
Cooling
  • Central Air, Ceiling Fan(s), Electric
Appliances
  • Included: Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Washer, Gas Water Heater
  • Laundry: In Basement, Has Laundry, Laundry Room
Features
  • Bathroom - Stall Shower, Bathroom - Tub Shower, Ceiling Fan(s), Combination Dining/Living, Crown Molding, Dining Area, Open Floorplan, Primary Bath(s)
  • Flooring: Carpet
  • Basement: Finished
  • Number of fireplaces: 1
Interior area
  • Total structure area: 2,040
  • Total interior livable area: 1,660 sqft
  • Finished area above ground: 1,360
  • Finished area below ground: 300

Property

Parking
  • Parking features: Off Street, Parking Lot
Accessibility
  • Accessibility features: Other
Features
  • Levels: Three
  • Stories: 3
  • Pool features: Community
Lot
  • Size: 2,400 Square Feet
Details
  • Additional structures: Above Grade, Below Grade
  • Parcel number: 160902646773
  • Zoning: R20
  • Special conditions: Standard

Construction

Type & style
  • Home type: Townhouse
  • Architectural style: Colonial
  • Property subtype: Townhouse
Materials
  • Brick
  • Foundation: Other
Condition
  • New construction: No
  • Year built: 1989

Utilities & green energy

  • Sewer: Public Sewer
  • Water: Public

Community & HOA

Community
  • Subdivision: Park Summit Codm
HOA
  • Has HOA: Yes
  • Amenities included: Pool, Tennis Court(s), Tot Lots/Playground
  • Services included: Common Area Maintenance, Reserve Funds, Management, Snow Removal, Trash
  • HOA fee: $85 monthly
Location
  • Region: Gaithersburg

Financial & listing details

  • Price per square foot: $301/sqft
  • Tax assessed value: $418,700
  • Annual tax amount: $5,720
  • Date on market: 11/12/2026
  • Listing agreement: Exclusive Right To Sell
  • Ownership: Fee Simple

Price history

DateEventPrice
11/12/2026Listed for sale$500,000+58.7%$301/sqft
Source: Bright MLS #MDMC2258364 Report a problem
9/29/2026Sold$315,000-12.5%$190/sqft
Source: Public Record Report a problem
6/22/2017Sold$360,000-1.4%$217/sqft
Source: Public Record Report a problem
3/8/2017Pending sale$365,000$220/sqft
Source: RE/MAX Town Center #MC9875252 Report a problem
3/3/2017Listed for sale$365,000$220/sqft
Source: RE/MAX Town Center #MC9875252 Report a problem

Public tax history

YearProperty taxesTax assessment
2026$5,720 +19.2%$418,700 +4.8%
2025$4,798 -3%$399,333 +5.1%
2024$4,945 +5.8%$379,967 +5.4%
2023$4,672 +5.1%$360,600 +2.2%
2022$4,444 +1.8%$352,800 +2.3%
2021$4,366 +2.6%$345,000 +2.3%
2020$4,254 +5.5%$337,200
2019$4,033 -0.6%$337,200 +5.8%
2018$4,056 +0.1%$318,667 +3%
2017$4,052 +30.2%$309,400 +6.3%
2016$3,113 $291,000 +6.7%
2015$3,113 $272,600 +7.2%
2014$3,113 $254,200
2013-- $254,200
2012-- $254,200 -13.4%
2011-- $293,550
2010-- $293,550
2009-- $293,550 -16.9%
2008-- $353,430 +17.7%
2007-- $300,160 +21.6%
2006-- $246,890 +27.5%
2005-- $193,620 +10.6%
2004-- $175,102
2003-- $175,102 +26.8%
2002-- $138,070
2001-- $138,070
Find assessor info on the county website

Monthly payment

Est. payment
$3,089/mo
Principal & interest
$2637
Property taxes
$367
HOA Fees
$85
More affordability toolsChevron Right

Estimated market value

$314,800

$293,000 - $340,000

$2,959/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 20878

Nearby schools

Fields Road Elementary School
Grades PK-5 • 0.4 miles
4/10
GreatSchools® Rating
Test Score Rating
6/10
Student Progress Rating
2/10
Ridgeview Middle School
Grades 6-8 • 2.1 miles
6/10
GreatSchools® Rating
Test Score Rating
7/10
Student Progress Rating
4/10
Quince Orchard High School
Grades 9-12 • 2.4 miles
6/10
GreatSchools® Rating
Test Score Rating
6/10
College Readiness Rating
6/10

Open house

  • Sat, Nov 14

    12:00 PM - 2:00 PM

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