News and notes from Reston (tm).

Friday, October 10, 2008

Reston Real Estate: The High-Low Game, pt. 8 (the Global Meltdown edition)

Tired of watching the global economy collapse? SELL SELL SELL all your worthless stock market investments and get ready to sink that shrinking nest egg into the only thing that has value... real estate in a planned community with a proclivity for earth tones. Let's get ready to play everyone's favorite declining equity game, the High-Low Game!

Our first entry is this lakefront home on Lake Thoreau, which can be yours for just $1.2 million (and change, assuming you consider $30,000 change):

Located along the edge of Lake Thoreau, this one-of-a-kind contemporary retreat was sited, designed, and remodeled by the architect to enjoy magnificent views and natural light. Rich wood-beamed ceilings and angled windows add dramatic impact to the spaces, which include a magnificent living room with a wall of glass, a dining room opening to the family room and gourmet kitchen, and a screened porch and deck overlooking the lake. Creatively designed and finished to perfection, the luxurious master suite opens to its own lakeside deck, and an artist’s studio and loft present a multitude of options.
Sounds good to us. And the place must be awesome, since it's listed by Long & Foster's "Extraordinary Properties" division! Then there's the Realtor(tm) bio:
A knowledgeable, accessible, high-energy negotiator, Dan joined Long & Foster in 1989, and is a top producer who nevertheless retains his sense of humor.
He'll need it in this market.

On the other side of the price spectrum, this Shadowood condo on Castle Rock Square could be yours for a cool $95,000 -- that's just 22,093 shares of GM stock!
Guess 6 percent of $95,000 doesn't buy you as many adjectives -- or the proper use of the plural form.

Also, in a sign of the times, struggling Reston-based homebuilder Comstock is selling one of its buildings on Isaac Newton Square for a cool $2.5 million. It might be the first sale it's made in some time. Also, the Lake Anne Plaza restaurant and the ole' distillery are still on the market, the end.

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