Residential Income
21894 HAWKSBILL HIGH CIRCLE Unit 406, Sterling, VA 20164
For Sale
New
$675,000
A 2022 residence in a gated 55+ community has a private balcony, garage, storage unit, and assigned parking.
Property Size1,646 SF
Price / SF$397.06
Days on Market4
Property Features for 21894 HAWKSBILL HIGH CIRCLE Unit 406
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
clubhouse
indoor swimming pool
outdoor swimming pool
fitness center
movement studio
game rooms
social gathering spaces
pickleball courts
bocce courts
walking trails
community gardens
Building Details
Building Size
Year Built
Listing Agency:
Samson Properties
Listed By:
Andrea M. Hayes · License VA #0225193171
(571) 384-8752
Source:
Barnesrealestatecompany
Added: Nov 12
Changed: Nov 14
Last Checked: Nov 14 at 2:20PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 2022 condominium offers nearly 1,700 square feet, with 3 bedrooms and 2 full bathrooms. The kitchen opens to the dining and living areas and includes quartz counters, a central island, white cabinetry, and stainless steel appliances. A private balcony, primary suite with an en-suite bathroom, and two additional bedrooms complete the interior. The property also includes a private garage, a first-floor storage unit, and an additional assigned parking space.
The residence is within Montebello, a gated 55+ Del Webb community. Shared amenities include a 14,000-square-foot clubhouse, indoor and outdoor pools, fitness and movement studios, game rooms, pickleball and bocce courts, walking trails, and community gardens. An on-site Lifestyle Director coordinates activities and events.
The residence is within Montebello, a gated 55+ Del Webb community. Shared amenities include a 14,000-square-foot clubhouse, indoor and outdoor pools, fitness and movement studios, game rooms, pickleball and bocce courts, walking trails, and community gardens. An on-site Lifestyle Director coordinates activities and events.
Key Highlights
- Nearly 1,700 square feet with 3 bedrooms and 2 full bathrooms
- Built in 2022
- Private garage, first‑floor storage unit, and additional assigned parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,513
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,260
$530.3K
Cap Rate 7%
$378,757
$378.8K
Cap Rate 9%
$294,589
$294.6K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$51.6K $30.36/SF
− Vacancy
−$3.4K −$2.00/SF
EGI
$48.2K $28.36/SF
− OpEx
−$21.7K −$12.76/SF
NOI
$26.5K $15.60/SF
Area
Loudoun County, VA
Vacancy
6.60%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,260
Cap Rate 7%
$378,757
Cap Rate 9%
$294,589
Alternative Uses
Best Use
Apartment 5plus
$378.8K
$331.4K – $441.9K
NOI $26,513 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$532.8K
$466.2K – $621.6K
NOI $37,294 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,192
Businesses Nearby
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Business Placement
Demographics for 20164, VA
40,888
Population
13,077
Households
3.1
Avg Household Size
36
Median Age
39%
College-Educated
81%
High-School Grad
7.6 sq mi
ZIP Area
5,380
Density / Sq Mi
$132,067
Median Household Income
$47,315
Median Earnings
$2,031
Median Rent
$526,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A 2022 residence in a gated 55+ community has a private balcony, garage, storage unit, and assigned parking.
Where is this residential income property located?
The property is located at 21894 HAWKSBILL HIGH CIRCLE Unit 406 Sterling, VA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Nearly 1,700 square feet with 3 bedrooms and 2 full bathrooms; Built in 2022; Private garage, first‑floor storage unit, and additional assigned parking space
