Tysons Corner, VA

Luxury for Less: May 15

Welcome to Luxury For Less, a weekly column highlighting the best deals in luxury real estate. Written by Brandy Schantz of TTR Sotheby’s International Realty, Luxury For Less offers tips and tricks navigating the competitive real estate market and securing the home of your dreams. To learn more, visit ttrsir.com.

Sometimes it only takes a brief moment to be completely transported to a beautiful memory.

The moment I saw Innsbruck, my mind immediately went to my days in the Army. There is nothing that makes up for your duty station in Ft. Bragg like being sent to Europe. MWR (Morale, Welfare and Recreation for my non-military readers) really knows how to put on a great ski weekend in Innsbruck.

The best part of being stationed in Europe? The ease of travel. I loved the wineries of Italy, the Christmas markets in Germany and the charm of the English cottages in the countryside.

This week’s feature has me in full nostalgia. 576 Innsbruck Avenue, Great Falls reminded me of my ski weekends in address then brought me back to England with its enchanting Cotswold Stone Manor style. Situated on 5 acres, you can be transported anywhere you want.

The lush garden is delightful and tranquil, perfect for a relaxing day to contemplate what brought you to the D.C. area instead of the actual English countryside. The décor of Innsbruck is impeccable but seriously, who cares.

Just grab a bottle of wine from the best wine cellar in Northern Virginia and head back out to the garden. With a $2.5 million price drop, this is a dramatic feature for this week’s Luxury for Less.

Check out the rest of this week’s Luxury for Less listings:

The properties listed are a small selection of properties available in the Tyson’s Corner area. For a full list of properties listed on MLS and private exclusives, please contact Brandy Schantz.

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Luxury for Less: May 8

Welcome to Luxury For Less, a weekly column highlighting the best deals in luxury real estate. Written by Brandy Schantz of TTR Sotheby’s International Realty, Luxury For Less offers tips and tricks navigating the competitive real estate market and securing the home of your dreams. To learn more, visit ttrsir.com.

Different experiences can put you in a certain mood.

Last Friday I was fortunate enough to tour the Sotheby’s Auction House in New York City. If you have never been to the auction house, it’s worth the trip. You are surrounded by the best and the experience is unparalleled. Much of the art we saw on Friday has been in private collections up to this point so the only opportunity to see the art prior to this auction has been in a picture.

On view last week were a number of Picasso paintings likely to sell for as much as $30 million, a bottle of whiskey expected to sell for up to $100,000 and a Monet painting that elicited audible gasps from my group that will likely sell for $75 million. All that beauty and the price tags associated with it put me in a mood for opulence.

This week’s feature is a magnificent home renovated by BOWA. The home has now been reduced in price by nearly $500,000 since it came on market. Check out the separate carriage house, yet another stunning yard and pool (this column officially has a trend), and the best gym in town. When you live in a home this lavish, you shouldn’t have to work out with strangers.

7301 Dulany Drive McLean (Reduced $250,000)

Check out the rest of this week’s Luxury for Less listings:

The properties listed are a small selection of properties available in the Tyson’s Corner area. For a full list of properties listed on MLS and private exclusives, please contact Brandy Schantz.

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Luxury for Less: May 1

Welcome to Luxury For Less, a weekly column highlighting the best deals in luxury real estate. Written by Brandy Schantz of TTR Sotheby’s International Realty, Luxury For Less offers tips and tricks navigating the competitive real estate market and securing the home of your dreams. To learn more, visit ttrsir.com.

If you’ve been waiting to buy because the market is just too hot, now is a good time to put your toes in the water.

The market has softened just a bit and inventory has increased. This week saw 241 new homes come on the market in the Tysons area (McLean, Vienna, Falls Church, Great Falls). Inventory in Fairfax County is up almost 50% from this time last year. It’s still a seller’s market but it’s a bit friendlier to buyers going into May than it was going into April.

I’m often asked about new builds in the Town of Vienna. Vienna is a great place to live. It’s walkable to many shops and restaurants and features family activities throughout the year. The new build homes are becoming quite expensive though.

Depending on where you live (Vienna is divided into quadrants), a new home can cost $1.5M to nearly $3M. Homes that are just a bit older sell for considerably less. Craftsman and Farmhouse style homes are very popular but Colonials are still a staple for the D.C. metro area.

If you want to live in Vienna and live in a home with considerable size, consider a home just a few years older. This colonial is in the Town of Vienna and features nearly 6,000 sq. ft. on 3 levels:

1003 Cottage Street SW Vienna (Reduced $59,800)

Check out all this week’s Luxury for Less listings here:

The properties listed are a small selection of properties available in the Tyson’s Corner area. For a full list of properties listed on MLS and private exclusives, please contact Brandy Schantz.

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Luxury for Less: April 24

Welcome to Luxury For Less, a weekly column highlighting the best deals in luxury real estate. Written by Brandy Schantz of TTR Sotheby’s International Realty, Luxury For Less offers tips and tricks navigating the competitive real estate market and securing the home of your dreams. To learn more, visit ttrsir.com.

Spring break is over and everyone is getting back to the grind and our annual countdown to summer.

This also inevitably brings the hustle and bustle of the spring market back to the real estate world as everyone tries to get their housing affairs settled before trips to the Outer Banks and Ocean City commence. Since this area is pretty much a ghost town for spring break, there are many great homes that had price improvements last week.

The most drastic price improvement I saw last week was on this extravagant home in the Peacock Station neighborhood in McLean. 952 Towlston Road has seen a $1 million price drop from its original list price. This impressive estate features over 13,000 finished square feet, a separate caterer’s kitchen, both a dry & steam sauna, cinema and game rooms, and a large bar fit for a great party.

If over the top luxury is what you are looking for, this home is for you. If you decide to buy 952 Towlston, please don’t forget to invite your favorite realtor over for a spa day and drinks. I like cabernet.

You can see more of this buzz worthy home here: 952 Towlston Road

Check out all this week’s Luxury for Less listings here:

The properties listed are a small selection of properties available in the Tyson’s Corner area. For a full list of properties listed on MLS and private exclusives, please contact Brandy Schantz.

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Luxury for Less: April 17

Welcome to Luxury For Less, a weekly column highlighting the best deals in luxury real estate. Written by Brandy Schantz of TTR Sotheby’s International Realty, Luxury For Less offers tips and tricks navigating the competitive real estate market and securing the home of your dreams. To learn more, visit ttrsir.com.

The bad news this week is the mortgage rates bumped up a bit for the second week in a row.

The good news is that the luxury market has softened a bit and there are a lot of great properties at great prices. There are still plenty of new builds in the Tysons area and people are willing to pay a premium for brand new and customization.

Larger homes as young as just a few years are sitting as result. These homes have the same great location and large size, they just don’t have the latest and trendiest finishes.

If you preferred the darker kitchen cabinets to today’s all white or grey, it’s great news. If you like the newer finishes but don’t have the big budget, buying a 7 years young home gives you the opportunity to live in the neighborhood you want and you can always update later. Don’t forget, those white or grey cabinets are going to look very dated in another 10 years too.

This home was built in 2012 and is situated in a neighborhood that sees new build homes sell for over $2 million. It’s close to Tysons Corner, walking distance to Westwood Country Club and just 1 block from the W&OD Trail.

A great value in a great neighborhood:

Check out all this week’s Luxury for Less listings here:

The properties listed are a small selection of properties available in the Tyson’s Corner area. For a full list of properties listed on MLS and private exclusives, please contact Brandy Schantz.

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Luxury for Less: April 10

Welcome to Luxury For Less, a weekly column highlighting the best deals in luxury real estate. Written by Brandy Schantz of TTR Sotheby’s International Realty, Luxury For Less offers tips and tricks navigating the competitive real estate market and securing the home of your dreams. To learn more, visit ttrsir.com.

There are quite a few homes with price improvement to choose this week!

Mortgage applications have been setting records this year and with low inventory, it’s still a seller’s market. Even in a seller’s market, there is room for a deal. Unique homes and homes that have been overpriced can still sit on the market and we have quite a few this week that moved to a more attractive price point.

This week’s Luxury for Less features everything from a home in McLean with an amazing location and address (1655 Strine Drive) to a new build opportunity in Vienna (1330 Vanetta Lane).

My favorite listing this week comes to us courtesy of TTR Sotheby’s International Realty. This exquisite French Provincial manor features a dramatic entry way, imported fountains, elegant outdoor entertaining space and an Olympic-sized salt water swimming pool. This home truly captures luxury at its finest:

Check out all this week’s Luxury for Less listings here:

The properties listed are a small selection of properties available in the Tyson’s Corner area. For a full list of properties listed on MLS and private exclusives, please contact Brandy Schantz.

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Luxury for Less: April 3

Welcome to Luxury For Less, a weekly column highlighting the best deals in luxury real estate. Written by Brandy Schantz of TTR Sotheby’s International Realty, Luxury For Less offers tips and tricks navigating the competitive real estate market and securing the home of your dreams. To learn more, visit ttrsir.com.

There are fewer and fewer reduced properties each week.

Homes are selling with multiple offers and many homes are selling for significantly more than list price. If you have been considering selling your home, now is a great time. This is an especially good time to sell your home if you are worried about your home’s location or any less than desirable features.

In certain neighborhoods, even the house that faces the highway is getting a full price offer. The bottom line is, if you’re on the fence about selling, get off that fence!

Great Falls has the abundance of reduced properties this week. This is a great community that is often overlooked for McLean or Vienna. You can find large lots in Great Falls and you truly feel like you’ve escaped the madness of D.C. or Tysons Corner.

Don’t count Great Falls out of your home search. You may find that you love the relaxing feel and beauty of this bedroom community. My favorite listing in Great Falls this week is this gorgeous home with a view:

Check out all this week’s Luxury for Less listings here:

The properties listed are a small selection of properties available in the Tyson’s Corner area. For a full list of properties listed on MLS and private exclusives, please contact Brandy Schantz.

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Luxury for Less: March 27

Welcome to Luxury For Less, a weekly column highlighting the best deals in luxury real estate. Written by Brandy Schantz of TTR Sotheby’s International Realty, Luxury For Less offers tips and tricks navigating the competitive real estate market and securing the home of your dreams. To learn more, visit ttrsir.com.

One of the most common requests I get from clients is to help them build a custom home.

Building a custom home has many advantages. The first advantage is choosing your own location. Buying a lot for a tear down means you can choose the neighborhood, size of lot and lot configuration. The next advantage is building exactly what you want.

When you buy a spec home (a home built by a builder with no specific buyer in mind- speculation), you may get something you really like but might have chosen different finishes than the builder or added rooms that worked better for your family. When you build custom, you can get the home gym or even cigar room (I’ve seen that built!) that you’ve always wanted.

Building a custom home is very rewarding but it can be time consuming. Finding the right lot, tearing down the existing home and building new can take up a lot of time in your already busy schedule. There are many choices to be made and depending on your situation, you are carrying expenses for two households until the home is completed.

Unless you plan on paying cash, custom home building also requires a construction loan. A construction loan is a short-term loan used to build. The lender pays the money out in stages or draws. This loan has a higher interest rate than a typical conventional loan due to risk and is usually refinanced at the end of the build.

Living in the D.C. metro region means there are always plenty of spec homes being built. There are advantages to buying a spec home also. If you don’t want to worry about making any choices at all or waiting to move into your new home, you can find a home that has already been built.

If you want to make some choices for your new home but don’t want the hassle of finding a lot, interviewing builders and carrying the costs of building new construction, finding a spec home already under construction is a great option.

In this case, you can choose finishes and even change certain features of the home but can use your conventional loan to purchase upon completion. Both options are great and either way, you will live in a beautiful home.

Check out this spec home currently being built in Vienna Woods and a home customized by a client from this builder just 2 years ago. It’s amazing what you can do with a little customization!

For more information on building a custom home or finding a spec home to put your special touch on, contact me at 571.263.0206.

Check out all of this week’s Luxury for Less listings here:

The properties listed are a small selection of properties available in the Tyson’s Corner area. For a full list of properties listed on MLS and private exclusives, please contact Brandy Schantz.

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Luxury for Less: March 20

Welcome to Luxury For Less, a weekly column highlighting the best deals in luxury real estate. Written by Brandy Schantz of TTR Sotheby’s International Realty, Luxury For Less offers tips and tricks navigating the competitive real estate market and securing the home of your dreams. To learn more, visit ttrsir.com.

Urban Turf, a local D.C. real estate blog, wrote an article in December of 2015 declaring that $2 Million is the new $1 Million in D.C.

They wrote this article based on a blog post by District Measured that asserted $1 million should not be used as a threshold for the luxury market because it is now too commonplace. The Tysons Corner area is certainly not Washington, D.C. but the real estate market is quickly becoming just as expensive, maybe just with some extra space.

It’s difficult to define luxury because it is so subjective. When I moved out of my college dorm room into an apartment, that two-bedroom apartment with its own kitchen and my own bathroom was luxury as far as I was concerned. As I’ve aged, I now look at luxury with a different lens; high-end professional appliances, great location, my own gym in the house and separate closets and bathrooms for me and my husband.

I have worked with clients whose idea of luxury is no less than an unobstructed view of the Potomac and every luxury imaginable including a wine cellar, elevator in the home, a kitchen for the family and another one for the caterer, and private space for each member of the family and guests.

District Measured’s Steve Giachetti justified the new threshold with the fact that in 2015, over 18 percent of all single-family home sales in the District were over $1 million compared to 3 percent in 2001. In that same year, only four percent of homes in the District were over $2 million, making it a more “luxurious” price point.

In the Tysons Corner area, which I’m defining as Falls Church, McLean, Vienna and Great Falls, there are currently 557 detached homes on the market. Detached homes are most often considered the standard for suburban living so I’m using this type of home for the purposes of looking at luxury in our area. The lowest priced detached home currently on the market is priced at $437,000 in Falls Church. The highest priced detached home currently on the market is priced at $24 million in McLean. The chart below shows the breakdown of detached homes currently on the market in the area.

Over half of all detached homes currently on the market are listed for between $1 million and $2 million. Since only 30% of detached homes on the market are under $1 million while almost a quarter are over $2 million, it may even be said that luxury in the Tysons Corner, that $3 million is the new $1 million.

Don’t worry, there are still deals to be found and there are still some pretty great homes on the market well under $2 million. This week I’m featuring a home that I also featured last week with an amazing backyard. 8518 Wedderburn Station is now below $2 million and still just as breathtaking.

Check out all of this week’s Luxury for Less listings:

The properties listed are a small selection of properties available in the Tyson’s Corner area. For a full list of properties listed on MLS and private exclusives, please contact Brandy Schantz.

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Luxury for Less: March 13

Welcome to Luxury For Less, a weekly column highlighting the best deals in luxury real estate. Written by Brandy Schantz of TTR Sotheby’s International Realty, Luxury For Less offers tips and tricks navigating the competitive real estate market and securing the home of your dreams. To learn more, visit ttrsir.com.

If you are searching for a home right now or know someone who is, you know how difficult this market is.

Homes are going under contract quickly and often with multiple offers. I’ve heard of as many as 30 offers on a single home. Inventory is very low and demand does not seem to be waning. I am advising all my buyers to be ready to see a home the day it goes on market or, if possible, before it goes on market.

Unfortunately, if you wait to view homes on the weekend, the homes you are interested in will probably be under contract. A well-priced home will sell quickly in this market so this week’s reduced listings largely give us a peek into how the other half lives.

There are fewer buyers in the higher price ranges so these homes tend to take longer to sell. This week, there are a lot of motivated sellers for some very luxurious listings with some very drastic price cuts.

In Vienna, 8518 Wedderburn Station Drive features a breathtaking backyard that must be seen. Spend your summer lounging by the pool during the day and sitting in the hot tub at night. This 6 bedroom, 5.5 bath home is meant for relaxing. The basement even has a sauna and wine cellar!

The home was originally listed for $2,600,000. This week, the home was reduced to $2,100,000. The home was built in 2013 but new builds of this size and quality sell for significantly higher prices.

In McLean, 906 Turkey Run Road has the most dramatic price cut of all of our featured listings. This home was just reduced by $1,400,000. It was originally listed for $11,400,000 and now is being sold for $9,500,000. This custom built Mediterranean home has its own gym, theater and state-of-the-art wine cellar.

The backyard is as magnificent as the home featuring a pool with jets and a fire pit. Turkey Run Road is a prestigious neighborhood in McLean and features some of the community’s most lavish homes.

Check out all of this week’s Luxury for Less listings:

The properties listed are a small selection of properties available in the Tyson’s Corner area. For a full list of properties listed on MLS and private exclusives, please contact Brandy Schantz.

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