News and notes from Reston (tm).

Tuesday, April 28, 2009

Reston Real Estate: The High-Low Game, pt. 10 (reduced expectations edition)

It's been far too long since we've played everyone's favorite game of earth-toned real estate wheelin' and dealin', so grab a crowbar to pry some of that sweet bailout money out of your friendly insolvent bank of choice, and let's get to it!

Of course, these are trying times, so in the interest of being sensitive to those of our readers who still manage to get wireless Internet from their tarps in Targetville, we're going to set the maximum at a trifling $1,000,000 -- not quite enough for a fancy high-rise penthouse or one of those trophy McMansions right outside of Reston proper, but more than enough to buy the 'ole distillery or this gem on Lake Newport.

AMAZING VIEWS!Stunning CP1 contemporary home on Lake Newport with water views from nearly every room in the house!Enjoy the water from your balcony overlooking the lake**Feels like a vacation home, but is located close to everything**Wonderful N.Reston location within walking distance of shopping,pools, & surrounded by rec areas& parks.Cul-de-sac location.
Sweet! For the lowest of seven figures, you too can own a house named after two prestigious letters and one exclusive digit -- it doesn't get any more exclusive than "1," except maybe in the Langley district! Plus, if you buy this CP1 house, you'll get -- at no extra charge! -- these awesome cutouts and a pyramid-shaped set of steps, so you can wile away your free time playing the real-life version of this.

On the other end of the price spectrum is this condo on Freetown Court, which is going for a mere $85,000. That works out to a $355 mortgage, which is something even a filthy "web-logger" could probably scrape together. Of course it's a short sale, though you can tell the care that's gone into marketing this property by the Realtor (tm) (R), who apparently took this picture from his moving car, quite possibly because he was too afraid to stop and chat with the locals.


  1. That's only a mark-up of $400k looking at the property records. Hope they get it. After all it Is in "wonderful N. Reston"...

  2. "CP1" is Collaborative Phase One Architects.

    Here's some more dazzling info about Collaborative Phase One in these informational brochures which I hope you will expound upon in one of your upcoming "Flashback Mondays":

    and also:

  3. The Convict in Gulag 4April 29, 2009 at 9:55 AM

    It's a steal at $1m. Just think of the potential price appreciation on this North Reston gem when they bring Women's semi-pro Roller Derby to the new roller rink and bowling alley at Baron Cameron.

  4. CP1 reminds me of a really good movie: CB4.

    If you haven't seen it you should treat yourself!


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