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Parkwood Homes For Sale & Bethesda Real Estate, MD

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Current Real Estate Statistics for Homes in Bethesda, MD (Community: Parkwood)

4
Homes Listed
39
Avg. Days on Site
$411
Avg. $ / Sq.Ft.
$1,717,475
Med. List Price

Parkwood Homes For Sale & Bethesda Real Estate, MD

Parkwood is an established residential neighborhood in the Bethesda and Kensington area of Montgomery County, Maryland, known for its tree-lined streets, friendly atmosphere, and classic mid-century homes. Developed primarily during the late 1940s and 1950s, Parkwood has grown into one of the area's most desirable neighborhoods thanks to its strong sense of community, excellent schools, and convenient location near downtown Bethesda, North Bethesda, and Washington, DC. :/p>

Buyers searching for Parkwood homes for sale will find a diverse collection of Cape Cods, Colonials, ranch-style homes, split-levels, and beautifully renovated custom residences. Many original homes have been thoughtfully expanded or replaced with larger luxury homes while preserving the neighborhood's welcoming character.

Parkwood continues to attract buyers looking for larger lots, mature trees, walkable streets, and easy access to parks, schools, shopping, Metro, and major commuter routes. Whether you're a growing family, relocating to Montgomery County, or searching for a neighborhood with long-term value, Parkwood offers an exceptional place to call home.


Parkwood Neighborhood Overview

Parkwood is a well-established single-family neighborhood situated near Kensington and North Bethesda with a Bethesda mailing address. The community is known for its active neighborhood association, mature landscaping, sidewalks, and convenient access to Rock Creek Park and Beach Drive.

The neighborhood offers a suburban atmosphere while remaining close to Bethesda's employment centers, restaurants, shopping, and public transportation. Many residents have lived in Parkwood for decades, while newer homeowners continue to invest in renovations and custom home construction, contributing to the neighborhood's continued appreciation.


Parkwood Quick Facts

  • Property Type: Primarily detached single-family homes
  • Location: Bethesda/Kensington, Maryland
  • County: Montgomery County
  • Neighborhood: Parkwood
  • Original Development: Late 1940s through the 1950s
  • Housing Styles: Cape Cod, Colonial, Ranch, Split-Level, Craftsman, and custom homes
  • Lot Sizes: Generally generous residential lots with mature landscaping
  • Parking: Private driveways, carports, and attached or detached garages
  • Nearby Metro: Grosvenor-Strathmore and Forest Glen Metro Stations
  • Community Association: Active residents association (not an HOA) :=

Parkwood Real Estate

Parkwood offers buyers an appealing mix of original mid-century homes and impressive newer construction. Many homes have undergone extensive renovations featuring expanded kitchens, luxury primary suites, finished basements, home offices, and outdoor living spaces.

Depending on the property, buyers may find:

  • Three- to six-bedroom floor plans
  • Open-concept living spaces
  • Updated kitchens with large center islands
  • Granite or quartz countertops
  • Hardwood flooring
  • Finished lower levels
  • Primary suites with walk-in closets
  • Home offices
  • Fireplaces
  • Screened porches, patios, and decks
  • Professionally landscaped yards
  • Attached garages or expanded parking areas

Because homes have been individually renovated over several decades, no two properties are exactly alike. Buyers can choose from move-in-ready homes, renovated classics, and newly built custom residences.


Architecture & Home Styles

Original Parkwood homes were built with traditional architectural styles that remain popular today. Cape Cods, Colonial Revivals, ranch homes, and split-level residences continue to define much of the neighborhood.

In recent years, many older homes have been expanded or replaced with larger Craftsman, transitional, and custom-built homes featuring contemporary floor plans, luxury finishes, energy-efficient systems, and spacious outdoor living areas. This blend of old and new gives Parkwood a distinctive character while preserving its neighborhood charm.


Why Buyers Choose Parkwood

Parkwood combines the comfort of an established suburban neighborhood with excellent access to employment centers, shopping, recreation, and public transportation. Buyers appreciate the neighborhood's strong community involvement, mature trees, larger lots, and convenient location.

Many homeowners are also drawn to the area's highly regarded schools, active neighborhood events, and easy access to outdoor recreation.


Parks & Outdoor Recreation

Outdoor recreation is one of Parkwood's biggest attractions. The neighborhood borders Rock Creek Park and provides convenient access to miles of trails, wooded parkland, and recreational opportunities.

  • Rock Creek Park
  • Rock Creek Trail
  • Beach Drive
  • Puller Playground
  • Cedarbrook Swim & Tennis Club
  • Neighborhood parks and green spaces

Beach Drive is especially popular with walkers, runners, cyclists, and families. Portions of the roadway are closed to vehicle traffic on weekends, creating additional recreational space for outdoor activities.


Shopping & Dining

Residents enjoy convenient access to neighborhood shopping as well as many of Montgomery County's most popular retail destinations.

  • Howard Avenue shops and restaurants
  • Kensington Antique Row
  • Pike & Rose
  • Westfield Montgomery
  • Downtown Bethesda
  • Whole Foods Market
  • Safeway
  • Giant Food
  • Trader Joe's

Nearby dining ranges from neighborhood cafés and coffee shops to fine dining throughout Bethesda, North Bethesda, and Kensington.


Transportation & Commuting

Parkwood provides convenient commuting options throughout Montgomery County and the Washington metropolitan area.

  • Interstate 495 (Capital Beltway)
  • Connecticut Avenue
  • Rockville Pike (MD-355)
  • Cedar Lane
  • Beach Drive
  • Grosvenor-Strathmore Metro Station
  • Forest Glen Metro Station
  • Ride On bus service
  • Metrobus service

The neighborhood is well positioned for commuters traveling to Bethesda, Rockville, Silver Spring, Washington, DC, and Northern Virginia.


Major Employers

Many Parkwood residents work for leading employers throughout Bethesda and Montgomery County.

  • National Institutes of Health (NIH)
  • Walter Reed National Military Medical Center
  • Suburban Hospital
  • Marriott International
  • Lockheed Martin
  • Federal agencies and government contractors
  • Healthcare and biotechnology companies

Schools

Parkwood is served by highly regarded Montgomery County Public Schools. The neighborhood has traditionally been associated with:

  • Kensington Parkwood Elementary School
  • North Bethesda Middle School
  • Walter Johnson High School

School assignments may change over time, and buyers should verify current attendance boundaries directly with Montgomery County Public Schools before purchasing a home.


Buying a Home in Parkwood

Because homes vary significantly in size, renovations, lot configuration, and architectural style, buyers should compare each property individually. Important considerations include additions, finished square footage, roof age, mechanical systems, basement condition, drainage, and future expansion potential.

Inventory is often limited, particularly for renovated homes and newer custom construction, making early listing alerts especially valuable.


Selling a Home in Parkwood

Parkwood remains one of the area's most desirable established neighborhoods. Sellers benefit from strong buyer demand for detached homes with mature landscaping, updated interiors, and access to highly regarded schools and parks.

Professional pricing, marketing, and presentation can help maximize interest and attract qualified buyers in this competitive market.


Nearby Communities

If you're considering Parkwood, you may also want to explore nearby communities including Alta Vista Gardens, Ashburton, Wildwood Manor, Georgetown Village, Grosvenor Mews, Old Georgetown Village, Wyngate, and Westboro.


Parkwood Frequently Asked Questions

What types of homes are available in Parkwood?

Parkwood primarily features detached single-family homes, including Cape Cods, Colonials, ranch homes, split-levels, renovated residences, and newer custom-built homes.

Is Parkwood close to Rock Creek Park?

Yes. The neighborhood borders Rock Creek Park and offers convenient access to trails, Beach Drive, playgrounds, and outdoor recreation.

Does Parkwood have a homeowners association?

No. Parkwood has an active residents association, but it is not a mandatory homeowners association.

Why is Parkwood popular with buyers?

Buyers appreciate the neighborhood's mature trees, established homes, highly regarded schools, community atmosphere, and convenient location near Bethesda, Kensington, and Washington, DC.

Are there newer homes in Parkwood?

Yes. Many original homes have been expanded or replaced with larger custom-built residences while preserving the neighborhood's established character.


Search Parkwood Homes For Sale

Thinking about buying or selling a home in Parkwood? Dell Residential provides local market expertise, up-to-date MLS listings, and personalized guidance to help you navigate the Bethesda real estate market.

Contact Dell Residential today to schedule a private showing or receive instant alerts when new Parkwood homes become available.

View Parkwood Homes For Sale

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