Beautiful, New Downtown Bethesda Condo

Cheval Bethesda Condos – Lifestyle & Amenities

Cheval Bethesda at 4960 Fairmont Avenue in Bethesda, at 17 floors, is the highest condo building in downtown Bethesda to date. Featuring 71 luxury condos price from the low $700,000’s to over $3,000,000 for the penthouses, Cheval rises up at the corner of Fairmont and Old Georgetown Road. With nearly floor to ceiling windows, tons of natural light for a majority of the units, and very modern feel, Cheval Condos will definitely appeal to people looking to live in downtown Bethesda in a newer condo.

The balconies extend your living space out to the city. And rich amenities like a beautifully appointed fitness room, yoga studio, and rooftop club room and social bar area with killer views. The roof provides 360 degree views of the hot downtown Bethesda area. Everything is accessible outside your front door. The Bethesda METRO is a short 5-minute walk, and more restaurants per city block than virtually any place in the country awaits you.
– Cheval Bethesda condos for sale

Amenities Recap

• Luxury condo feel from the lobby to the rooftop
• 24-7 Concierge service
• Secured building
• Roof top lounge area with bar and grill area
• State-of-the-art fitness room
• Yoga studio
• 1 block to Safeway grocery store and scores of restaurants
• 1/4 mile to Bethesda METRO

Condo Stats

• Cheval Bethesda opened in the Spring of 2018
• Features 71 condo units from 1-bedroom/1.5-bath, 2-bedroom/2-bath, to a limited number of 3-bedroom/3.5-bath condos
• Condo sizes range from mostly 1,000 square feet to 2,762 square feet
• Balconies of varying sizes — all with city views

Frequently Asked Questions

What are the condo fees?

Cheval is a luxury condo in downtown Bethesda. The condo fees will range from about $900 to a little over $2000 for the largest units.

The condo fees include all of the amenities plus the overall maintenance of the condo building and the Master Insurance Policy.

Unlike a single family home, you don’t have the repair or replacement costs of roofs, siding, landscaping, and so on. So your “homeowner’s insurance” policy will also cost you less. Sometimes people are put back by condo fees. Yet, if they added up all the maintenance on a single family home over 10 years plus gym fees and so on, suddenly the number doesn’t look quite as high.

A condo fee, especially in a building like this, really is part of a life style change. You live here and enjoy each day without thinking about anything to maintain outside of your actual unit. And in the case of Cheval condos, you have an exceptional fitness center and beautiful outdoor rooftop space to enjoy.

Are any utilities included in the condo fee?

YES — Owners are responsible for electric. Water and gas are included. Also, expect much lower electric bills than you would have in a single family home. This is a brand new building with the highest standards of construction used. 

How much does the condo fee go up annually?

Since this is a new condo building, it’s too early to predict annual condo fee increases. However, I don’t know of any new condo building going up with plans to raise condo fees drastically after opening. Owners would not go drastic increases. The condo fees have been set up with financial mapping for the future of the building and maintenance. Typical annual condo fee increases in the area average about 2.3% annually. Unlike an older condo building, with older plumbing and major systems, you can assume there will be less unexpected fee increases to cover major repairs.

What are the assigned Schools?

Cheval condos feed into a very popular Montgomery County School district:

• Bethesda Elementary School
• Westland Middle School
• Bethesda-Chevy Chase High School

While it’s rare that your assigned schools change, if you’re making an investment in a condo (or home) based all or in large part because of the assigned schools, I’d always recommend confirming with Montgomery County Public Schools. This kind of change could significantly change your living situation, and your investment. So, if school systems are of great importance to you, p

Are Pets allowed?

YES — Two pets are allowed per condo unit. As of now, there has been no dog size limit placed! This is a big deal for dog lovers. Do know that a few particularly aggressive dog breeds could be restricted.

Is there Garage Parking?

YES — The building has a secured parking garage. What’s a little unique is the Cheval parking garage is above ground. 

GUEST PARKING TIP:  There is a large parking garage a block away on St. Elmo Avenue and another on Old Georgetown Road. Parking here is free on Sundays. 

Washers and Dryers in the condo units?

YES — Every condo has its own full size washer and dryer.

What’s involved in renovating a condo?

Any modifications to the condo unit must meet the condo association guidelines. The concierge will give you the necessary forms and information you need. If you have specific questions before buying a condo here, we can help you determine not only what renovations are possible, but what steps you will need to take. We also have contractors that can help you.

Is there a fitness room?

YES — Cheval Condos has perhaps the best in house fitness center of any condo in the Bethesda area. It even has a yoga or stretching studio to compliment it. There are also several large and small gyms within a short walking distance — including Equinox. So the health and fitness options are plentiful.

Is there a tennis court or playground?

NO — There are no tennis courts or playgrounds, but plenty of open spaces within short walking distance. Also, many larger playgrounds and trails within 5-10 minutes drive.

Is there a Pool?

NO — No pool here, but there are options nearby. Just up Old Georgetown Road in North Bethesda is the Kennedy Shriver Aquatic Center.

Is grilling allowed?

YES — Condo residents can grill on the rooftop lounge. There’s plenty of comfortable seating, a bar, and amazing views.

Is there a Party Room?

YES — There is a club room for residents, and arrangements can be made to make it private for an event.

Is there a Meeting Room or Conference Room?

YES — There is no official meeting or conference room, but there’s a large table in a more private area of the lobby. It’s a beautiful space, and great for a quick meeting with a few people. I’ve even had a settlement here for my clients new condo at Cheval.

Is Cheval Bethesda a secured building?

YES — The building has a 24-7 front desk concierge. All residents must have a key FOB for access or be allowed access by the concierge.

Is Extra Storage space available?

YES — Storage spaces are available on a limited basis. Depending on when you read this, they may all be sold out. There are multiple storage center options at outside facilities within 10-minutes drive. Just ask us, and we can help you find the best one for your needs.

Is this building elevator and handicapped friendly?

YES  — The building has elevators and is handicapped accessible throughout.

Who are the Internet and Cable providers?

Both Verizon Fios and Comcast are available for internet and cable service. There are already pre-wired in convenient locations. So just a call to get your service live is all you need.

How much is the Move-In-Fee?

Currently no move in fee has been established. The first residents just moved in the Spring of 2018.

What’s the closest METRO and how far away?

The Bethesda METRO is just a little more than a 1/4 mile walk away.

Additional questions or interest in Cheval Condos?

Call or text Mark Fitzpatrick for additional information and to schedule a private tour of the condo building and available units: 240-687-2650.

Mark Fitzpatrick
RE/MAX Town Center
12505 Park Potomac Avenue
Potomac, Maryland 20854
240-687-2650  call/text