The median home value in Takoma Park, MD is $621,000.
This is
higher than
the county median home value of $515,000.
The national median home value is $308,980.
The average price of homes sold in Takoma Park, MD is $621,000.
Approximately 49% of Takoma Park homes are owned,
compared to 43% rented, while
8% are vacant.
Takoma Park real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Takoma Park real estate agent to arrange a tour
today! Learn more about Takoma Park Real Estate.
ð??³â?¨ Vacant Lot on Scenic Sligo Creek Parkway - Takoma Park, MD â?¨ð??³ Overview Discover a rare land opportunity in Takoma Park, Maryland! ð??? This 6,507 sq ft lot sits along the iconic Sligo Creek Parkway - one of Montgomery Countys most picturesque and desirable corridors. With park-like surroundings, mature trees, and direct access to Sligo Creek Trail, this property offers the perfect blend of nature, convenience, and community living. ð??¿ð??´â?â??ï¸ ð?? Location, Location, Location! ð??³ Sligo Creek Park & Trail at your doorstep - miles of walking, biking, and running trails that wind through woodlands and connect to regional parks. ð??? Minutes to Takoma Metro (Red Line) and Silver Spring Transit Center for quick access into Washington, D.C. ð??ï¸ Close to downtown Silver Spring & Takoma Park - with award-winning restaurants, coffee shops, boutiques, live music venues, and a famous farmers market. ð?« Served by highly regarded Montgomery County Public Schools including Piney Branch Elementary, Takoma Park Middle, and Montgomery Blair High School. ð??¼ï¸ Enjoy Takoma Parks vibrant arts scene, festivals, and community events, all while living in a quiet, tree-lined setting. ð??? Property Highlights Lot Size: Approx. 6,507 sq ft Utilities: Public water & sewer available ð??° Setting: Park-like, wooded lot with a private feel ð??² List Price: ð??²350,000 standalone Bundle Option: Add the adjacent property at 911 Sligo Creek Parkway for an additional ð??²300,000 ð?¡ - create a larger estate-style retreat with unmatched outdoor space! ð??¡ Why Buyers Love This Area â?? Scenic & peaceful - live among trees and trails â?? Urban convenience - minutes to Metro, shops, & dining â?? Outdoor lifestyle - jog, bike, or walk along Sligo Creek every day â?? Charming community - Takoma Parks friendly, artistic, and historic vibe â?? Rare opportunity - land along Sligo Creek Parkway doesnt come available often! ð??? Perfect For ð?¡ Buyers who want land ownership in Takoma Park ð??¿ Those dreaming of a private green retreat ð??? Investors looking for rare land opportunities in a high-demand location ð??ï¸ Homeowners who want to expand their estate by bundling with 911 Sligo Creek Parkway ð??¥ Dont miss this chance to own land along Sligo Creek Parkway - whether as a peaceful retreat, investment, or bundled with the adjacent home for something truly special.
Fantastic Investment Opportunity / Knockdown. Property is being sold strictly As-Is. All Cash Sale - No Financing. The adjacent lot is included in this sale for an additional $300K .Seller wishes to sell both together. Seller will make no repairs and no home warranty will be provided. Please schedule showings online. Contact the listing agent with any questions. This property is being sold with the adjacent lot for $300K if purchased together. If adjacent lot is purchased alone, price is $350K. (Tax ID 161303177816 ) All offers must include proof of funds. Quick Closing w/ 30-90 day post settlement occupancy. Sold Strictly " AS Is" - Home is occupied. Do not go on property without an appointment.
Set on a rare and expansive 2.82-acre parcel in the heart of Takoma Park and just over the DC line, this unique property presents a compelling opportunity for visionary developers, institutional uses, and investors. Most recently operated as a private school, 117 Elm Avenue sits within the R-60 residential zone of Montgomery County, offering a variety of redevelopment possibilities in one of the regions most walkable and desirable neighborhoods. Surrounded by mature trees, historic homes, and just minutes from the Takoma Metro Station, this site combines location, scale, and flexibility-an ideal canvas for transformation. Whether the vision is residential, a condo development, senior living, or an institutional campus, the propertys zoning and size support a broad range of potential uses. Additionally, currently operating schools can take this turn-key property to new heights. The R-60 zone permits single-family detached homes by-right, and allows for a host of conditional uses that cater to residential, institutional, and community needs. Developers may explore uses such as townhomes or attached units (via special exception), senior housing, day care or medical facilities, or even private educational or religious institutions. Office use is conditionally allowable in the zoning. The property's flat topography, ample street frontage, and proximity to transit further enhance its redevelopment viability. As a school, it features dozens of classrooms, multiple bathrooms, a regulation-size gymnasium with stage, administrative offices, a kitchen, and more. Located just steps from downtown Takoma Park and the Washington, D.C. line, this site is walkable to shops, restaurants, parks, and public transportation. Its a rare chance to reimagine a substantial landholding in a neighborhood where demand for thoughtful, community-focused development continues to grow. Buyers are encouraged to consult with Montgomery County Planning to explore the full range of permitted and conditional uses under the R-60 zoning ordinance. With strong fundamentals and an unbeatable location, 117 Elm Avenue is poised to become one of the regions most impactful residential or mixed-use redevelopments. A preschool currently leases a small portion of the lowest level of the building. The rest of the building is vacant. Lease can convey or can be terminated.
