Ground-Level Residential
For Sale
$405,000
1701 LAKE SHORE CREST DRIVE Unit 16, Reston, VA 20190
A corner layout provides direct parking access and a covered, enclosed wraparound patio.
Property Size1,108 SF
Price / SF$365.52
Days on Market98
Property Features for 1701 LAKE SHORE CREST DRIVE Unit 16
General Information
Standard status
Active
Size
1,108 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,685
Amenities
lifeguarded outdoor pool
community center
24-hour fitness center
scenic pond
walking trails
dog areas
Building Details
Building Size
1,108 SF
Year Built
1995
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Stephanie Leigh Drahozal · License #0225251002
(703) 307-1998
Source:
Signaturemoverealestate
Added: Jul 30
Changed: Oct 31
Last Checked: Nov 3 at 8:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pearson Smith Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,108-square-foot, ground-level corner condo has 2 bedrooms and 2 full bathrooms, with no stairs between the unit and parking. Interior features include engineered hardwood flooring installed in 2025, a gas fireplace, crown molding, and a kitchen with soft-close cabinets, leathered granite counters, tile backsplash, an oversized sink, and under-cabinet lighting. The primary suite has a custom walk-in closet, and a separate storage closet sits near the front door. A covered, enclosed wraparound patio extends the living area outdoors. The property was built in 1995; the water heater was replaced in 2021, and the interior plumbing system has been updated.
The condo is in North Reston, within walking distance of Reston Town Center, Trader Joe’s, Reston Library, the W&OD Trail, Capital Bikeshare, and Reston Hospital. Reston Town Center Metro Station is 1 mile away. Community facilities include a lifeguarded outdoor pool, community center, 24-hour fitness center, pond, walking trails, and dog areas. Parking includes one owner pass and two guest passes, with additional guest parking across from the building.
The condo is in North Reston, within walking distance of Reston Town Center, Trader Joe’s, Reston Library, the W&OD Trail, Capital Bikeshare, and Reston Hospital. Reston Town Center Metro Station is 1 mile away. Community facilities include a lifeguarded outdoor pool, community center, 24-hour fitness center, pond, walking trails, and dog areas. Parking includes one owner pass and two guest passes, with additional guest parking across from the building.
Key Highlights
- Ground‑level corner condo with 2 bedrooms and 2 full bathrooms
- 1,108 square feet; built in 1995
- Reston Town Center Metro Station is 1 mile away
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,585
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,700
$331.7K
Cap Rate 7%
$236,929
$236.9K
Cap Rate 9%
$184,278
$184.3K
Market Conditions
NOI Build-Up for 1,108 SF
Gross rent
$31.9K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$30.2K $27.22/SF
− OpEx
−$13.6K −$12.25/SF
NOI
$16.6K $14.97/SF
Area
Fairfax County, VA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,700
Cap Rate 7%
$236,929
Cap Rate 9%
$184,278
Alternative Uses
Best Use
Apartment 5plus
$236.9K
$207.3K – $276.4K
NOI $16,585 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.64M
$4.06M – $5.42M
NOI $325,112 @ 7.0% cap · market cap 80.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,563
Businesses Nearby
Explore this area
Business Placement
Demographics for 20190, VA
20,957
Population
12,180
Households
1.7
Avg Household Size
40
Median Age
72%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,763
Density / Sq Mi
$126,928
Median Household Income
$83,750
Median Earnings
$2,241
Median Rent
$568,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A corner layout provides direct parking access and a covered, enclosed wraparound patio.
Where is this residential income property located?
The property is located at 1701 LAKE SHORE CREST DRIVE Unit 16 Reston, VA.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Ground‑level corner condo with 2 bedrooms and 2 full bathrooms; 1,108 square feet; built in 1995; Reston Town Center Metro Station is 1 mile away
