The Lauren, a new Bethesda Luxury Condo, is being built on Woodmont and Hampden Lanes in downtown Bethesda. Described as "Everything a Discerning Buyer Could Want. And One Thing More. A Bethesda Address." the Lauren promises a rare opportunity to enjoy an uncommonly quiet and peaceful lifestyle, while still in the heart of Bethesda.
Its website, www.thelaurenresidences.com, guarantees that the project will be a boutique property with only 29 residences, and an iconic architecture which will only further its cache (sic). These new Bethesda luxury condos will range in size from 2000 to 6000 feet and will feature direct access elevators, 9 and 10 foot ceilings, vented fireplaces, home automation systems, and roof terraces for some units.
Extra community amenities in this new luxury Bethesda condo include a media/screening room, private wine storage, valet parking in the garage, a fitness center, and a community roof top terrace. There are additional guest suites available for purchase with selected condos. These are 565 to 695 square foot units with bath and kitchen. The developers envision that these can be used as guest suites, home offices, home gyms, or anything else you can imagine. Of course, all of this luxury comes at a price. The website politely announces that the units start in the several millions. This will work out to an asking price of $1500 per square foot for some of the condominiums. To put that figure into context, resale prices at the Lionsgate and the Adagio, two five year old upscale condo buildings in Bethesda, are running nearer to $575 a square foot.
This growth in Betheda's new luxury condo market is a trend which is aimed at the new market of empty nesters who want to trade their large suburban homes for low-maintenance condos within walking distance of the shops, restaurants, and public transportation of downtown Bethesda. Developers also are hoping to catch the eye of young professionals who can afford high end housing but want to stay in an urban area rather than buying a single family home in the suburbs. At least two units have been reserved so far.
If you would like to see any of these new luxury Bethesda condos being built at the Lauren, please call the Lise Howe Group of Keller Williams Capital Properties to arrange for a private showing at 240-401-5577.
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