Your guide to buying a luxury home in Prince George’s County, MD

Prince George’s County is the crown jewel of Maryland. Rich in history and culture– as well as ideally located close to Washington, D.C. – it’s easy to see why it’s a top choice for people who want to relocate to the region. And as one of the affluent communities in the Washington metropolitan area, luxury homes abound here.

Looking for luxury homes in Prince George’s County, Maryland? This guide is for you. Continue reading to learn more.

LIVING IN PRINCE GEORGE’S COUNTY, MD

There are several reasons why Prince George’s County is one of the most sought-after places to live in Maryland. Besides the many luxury homes available in the market, here are a few other reasons people want to live here:

1. Convenient location. Encompassing approximately 500 square miles, Prince George’s County– also known as PG County or PGC– enjoys an enviable location in the heart of the Washington/Baltimore corridor. Washington, D.C. just west of the county, while Baltimore is about an hour away. PGC also has access to Potomac River to the west and the Patuxent River to the east.
2. Diverse community. Nearly one million people call PGC home. And this community? It’s incredibly diverse. You’ll find a wide range of cultures, ethnicities, and languages well-represented throughout the county. As a result, PGC offers a vibrant cultural scene. Learn a new language, sample a foreign cuisine, widen your horizons– you can do it all here.
3. Attractions. PGC is home to some of the best attractions in the region. If you live here, you’ll be a relatively short drive from places such as Six Flags America (Bowie), National Harbor, Clarice Smith Performing Arts Center, and Piscataway Park, where you can watch bald eagles soar overhead or explore the National Colonial Farm.
4. Infrastructure. Further promoting its convenient location, PGC has excellent transportation infrastructure, including public transit and highways.

   About 28 miles of the Capital Beltway runs through PGC. Several major thoroughfares are also nearby, including the Intercounty Connector. If you prefer to take the train, PGC is home to 15 Washington Metro stations, such as Greenbelt and Branch Avenue. You can also hop on a water taxi to head to The Wharf and National Harbor. For the frequent fliers, you have three airports to choose from: Reagan National Airport, Baltimore-Washington International Airport, and Dulles International Airport.

5. Employment. Prince George’s County offers many economic opportunities and is home to several major employers in education and finance. Plus, its proximity to Washington, D.C., provides access to even more jobs in various sectors like government, technology, healthcare, and more.
6. Education. The county is home to several educational institutions, including several higher education options like the University of Maryland. Access to quality education is an essential consideration for families with children and teaching professionals.

PRINCE GEORGE’S COUNTY LUXURY REAL ESTATE

Prince George’s County has a diverse housing market with many options, including luxury estates, single-family homes, townhouses, condominiums, and apartments. Prices of homes in PGC have been on an upward trend for the last couple of years.

The median sale price of a home in the area is approximately $430,000 and can go as high as $1 million to $2 million, depending on the home’s location and amenities. The median sale price per square foot is $239.

Currently, the market is a seller’s market due to the continued high demand for homes in the area. There are presently more people looking for homes than homes available, resulting in potentially higher prices.

That’s why having an experienced luxury real estate agent is vital if you are looking for luxury homes in Prince George’s County, MD.

Luxury homes available in Prince George’s County

Alongside having a reliable real estate partner, knowing what kind of luxury properties are available in PGC is essential to help inform your search.

Prince George’s County offers a wide range of luxury homes designed to cater to the lifestyles and tastes of discerning homebuyers. You can expect high-end premium features, amenities, spacious lots, and beautiful designs.

Here are some of the types of luxury homes in Prince George’s County, Maryland:

1. Custom-built estates. Custom luxury estates are often found on sprawling lots, providing ample space, privacy, and stunning architectural designs. These expansive homes feature high-quality materials and custom finishes and typically have vast living areas, grand foyers, and meticulously manicured lawns.
2. Mansions. Mansions in PGC are designed with grandeur and opulence in mind. These expansive properties possess design features like grand ballrooms, sweeping staircases, and extensive grounds. Some mansions are historic estates with a unique cultural appeal and still have original colonial architectural details that have been restored and updated with modern amenities.
3. Waterfront estates. Because of its proximity to the Potomac, Prince George’s County also has luxury waterfront homes available. Essential features include large windows, panoramic views, outdoor entertainment amenities, and private docks.
4. Contemporary homes. Modern luxury homes are also available. These contemporary options have sleek designs, open spaces, cutting-edge technology, energy-efficient features, and lots of natural light. They often include modern amenities combined with elements of traditional local architecture, creating the best of both worlds.

Average prices and home values

The cost and home value of luxury homes in Prince George’s County, MD, can vary depending on several factors, including location, size, architectural design, amenities, land size, and overall property condition.

Generally, luxury estate costs can fall under three categories: mid-range ($750,000 to $1.5 million), high-end ($1.5 million to $5 million), and ultra-luxury (over $5 million).

TOP COMMUNITIES FOR LUXURY HOMES IN PRINCE GEORGE’S COUNTY

Some of the most affluent neighborhoods and communities in Prince George’s County are located in prime, exclusive areas. Each location has unique qualities that should be considered as you look for your next luxury home.

These are some locations to look at for exclusive neighborhoods and luxury communities in Prince George’s County.

Bowie

Located in the Central County area, Bowie is PGC’s largest municipality with nearly 60,000 residents. It originally started as a railway stop in the 19th century and eventually grew to become one of the best places to live in PGC. Some of its neighboring communities include Woodmore, Fairwood, Glenn Dale, and Kettering. Patuxent Research Refuge and its vast expanse of greenery is north of the city.

Bowie has its fair share of beautiful luxury estates. You can find them in a wide array of gated communities and sought-after neighborhoods. These include Collington Station, which consists of 528 upscale homes that are anchored by a central clubhouse– not to mention a bevy of other community amenities. As of date, the median price in Collington Station is approximately $720,000.

Another notable area is Woodmore Estates, a small and tight-knit community of 132 estate homes in Bowie. Due to the limited housing stock and the strong homeownership rates in the neighborhood, luxury homes in Woodmore Estates are highly valued and fetch for handsome prices.

There is also Waterford Estates, which is nestled in the Bowie/Mitchellville area. The neighborhood is composed of beautiful two-story brick residences on lots that are as large as three acres. These properties– with the largest featuring up to seven bedrooms– are the works of K Hovnanian Homes and Stanley Martin Homes. The average price in Waterford Estates is estimated to be over $1 million.

Upper Marlboro

On your search for luxury homes in Prince George’s County, MD, don’t forget to explore Upper Marlboro’s market. PGC’s county seat occupies less than a square mile, but the local real estate offerings are impressive. The town is also perfect for introverts or those who prefer living in a tight-knit community as Upper Marlboro’s population only numbers around 650 people.

The median home value in Upper Marlboro is under $430,000, but a sizable portion of the market features homes priced starting at $900,000. Counting the Greater Marlboro area, some of the most highly valued neighborhoods in the region include Baden, Marlboro Ridge, Westphalia, Croom, and Beechtree.

Residents who live in Upper Marlboro can enjoy the Prince George’s Equestrian Center for horse shows, rodeos, and more. The community also has historical spots like the 18th-century Darnall’s Chance House Museum, where visitors can learn about the lives of women during the colonial period.

Laurel

If you prefer to live in PGC’s North County area, check out Laurel. Apart from being located halfway between Baltimore and Washington, D.C, the city is also ideally situated near Patuxent Research Refuge and major employment opportunities, such as the John Hopkins’ Applied Physics Laboratory.

Some of the most coveted neighborhoods in Laurel include the Kings Contrivance South area, where the median real estate price is about $870,000. Large residences dominate the community, often having four to five bedrooms or more. Another notable neighborhood is Scaggsville. Housing options here are established, dating back to the 1970s, and have a median price of nearly $730,000.

STEP-BY-STEP GUIDE FOR BUYING LUXURY HOMES IN PRINCE GEORGE’S COUNTY, MD

Here are some essential tips when looking for luxury homes in Prince George’s County, Maryland.

1. Find a reputable local Realtor who specializes in luxury homes

   Finding the perfect luxury home in Prince George’s County is a task best done with the aid of a reputable local Realtor, specifically one who specializes in high-end properties.

   On top of their vast knowledge of the PGC’s luxury real estate market, their wide network– which consists of colleagues in the industry and affiliated professionals– can connect you to luxury home sellers who may be selling their properties offline. As a result, you find more options to choose from.
   A Realtor can also ensure you find a luxury property that checks all your boxes at a price that suits your budget.

2. Understand the search process

   With your Realtor by your side, understand your search parameters. By knowing the neighborhoods you like and features you want to see in your luxury home, you save time and energy. And when you have your search parameters, your Realtor can help you narrow your search considerably to the ones that best fit your goals and requirements.

3. Evaluate your options

   Just because a home doesn’t tick all of your boxes doesn’t mean you should move on from it, especially if you quite like it. Evaluate all of your real estate options with your Realtor. Look through all the amenities and schedule home visits, then weigh all the pros and cons of each choice. From there, you can further whittle down your search to find the best one for you.

4. Consider your financing

   The stratospheric pricing of luxury homes doesn’t make room for conventional financing. That said, luxury home buyers who plan on paying for the home in installments can take out a jumbo loan. But those who don’t want the hassle of monthly mortgage payments can pay the full amount in cash and complete the transaction.

5. Make an offer

   Study what would make your offer attractive to the seller but still beneficial to you as a buyer. Pricing may not be the only factor to consider as many luxury homeowners can afford to hold out for the price they want. Check for contingencies that you may want to uphold or waive. Your Realtor will be a reliable adviser who can help you in negotiating for the best offer.

6. Attend to all the details

   Once the seller accepts your offer, it’s time to attend to the finer details of the transaction. This is where your Realtor can really come in handy. Apart from helping you with the necessary paperwork, they can also recommend their network of trustworthy professionals from affiliated industries (e.g., accountant, home inspector, legal adviser, home insurer, etc.) to attend to the nuances of closing the deal so that you won’t have to look for these service providers yourself.

TIPS ON BUYING A LUXURY HOME

If you want to find your dream home among the luxury homes in Prince George’s County, Maryland, don’t forget these tips:

1. Make sure you love the area

   Prince George’s County is conveniently located, and each area has its own appeal. If you want a waterfront property or prefer panoramic views, you should look for properties near the natural landscape or the river. If you would rather be near places of work and business, you might want to look at properties closer to the transportation hubs and urban amenities. Check your personal requirements and lifestyle choices, and let these guide you toward finding the perfect locale for your new home in PGC.

2. Consider the square footage

   While most luxury properties have bigger acreage, certain luxury developments primarily focus on expansive lots and large estates. If you prefer bigger houses, the suburban areas are a better fit as they often provide more space. At the same time, you may also choose luxurious penthouse living, which offers hotel-like amenities but may not be as expansive as mansions.

3. Look at the home’s overall design and the materials used

   When looking for a luxury home in PGC, consider the natural surroundings and climate and how these are factored for in the home’s design. Homes on the waterfront, for example, should be made sturdy enough to withstand exposure to water and moisture.

4. Visit the properties in person

   Browsing online listings and looking at photos are excellent first steps at finding a luxury home you like, but don’t rely on photographs alone. Take the time to come out and see the properties in person. If you’re buying from out of state or out of the country, ask your Realtor to do a live tour and ask for more recent photos of the home.

5. You’re not just buying a home– you’re buying a lifestyle

   Homeownership is more than just buying a home. It will become a part of your everyday life. That includes maintenance, utilities, and all that jazz. Some parts of the luxury property may need some extra care and TLC– and more frequently– than other home features. And they might also cost more. Take all of these into consideration to make your real estate investment truly worthwhile.

LET ME HELP YOU FIND YOUR LUXURY HOME

Eager to get started on finding your dream home in Prince George’s County, Maryland? Make sure your search is smooth, stress-free, and – most importantly – successful with the help of an experienced Realtor who specializes in luxury real estate in the area.

I’m Ariana Loucas, a local Realtor with in-depth knowledge of the real estate markets in Maryland, Washington D.C., and Virginia. I have extensive first-hand experience in finding the perfect communities and ideal luxury properties that fit your requirements. Let me help you find a property that suits your lifestyle.

Let’s discuss your luxury real estate needs. Call me at 301.728.1418 or send me an email when you’re ready to find your dream home