Sophia_Property for Sale
Sophia_Property for Sale
4924 Saint Elmo Avenue, Bethesda, MD, 20814, US

Sophia

Asset Description

JLL is pleased to present Sophia (the “Property”), a 276-unit condo-quality multifamily asset located in the heart of Downtown Bethesda, MD. Delivered in 2025 to NGBS Gold standards, Sophia’s art deco luxury, unmatched finishes, and premier amenity package sets a new standard in the submarket. The Property’s unique unit mix features large average unit sizes (912 Avg. Market-Rate SF), 36% two-bedroom and three-bedroom units, and 9 luxury penthouse units. Sophia caters to the high-caliber Bethesda demographic and garners above-market rents and longer lease terms. Sophia also features approximately 5,000 SF of premier ground floor retail featuring Paris Baguette, opening in Spring 2025. Duball assembled a world class development team including Maurice Walters Architect, David M. Schwarz Architects, and Hartman Design Group to curate a trophy asset commanding top-of-market rents. Uniquely positioned in the heart of Woodmont Triangle, Sophia is surrounded by Duball’s preeminent condominium projects of Lionsgate, Cheval, and Stonehall.

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Attributes

Number of units
276
Year built
2025
Building area net
250,878 sf

Media

Investment Highlights

Bethesda’s Premier Trophy Asset

Iconic Asset Featuring 276 Differentiated, Condo-Quality Units & 5,165 SF of Prime Ground-Floor Retail (Paris Baguette Opening Spring 2025)


Sophia Sets the New Standard in Bethesda

Unique Unit Mix with Large Floor Plans (912 Avg. SF), Proven Top-of-Market Rents ($4,388/Unit, $4.42/SF) with Strong Lease-Up Pace (20+ Units/Month), 9 Penthouse Units 100% Leased ($9,737/Unit, $5.06/SF)


Global Gateway Market with High Barriers-to-Entry

Extremely Limited Future Investment Opportunities & No Comparable Quality Assets


Unmatched Fundamentals in the Region & Submarket

Nation Leading Rent Growth in the D.C. Metro & 5.3% 2025 Projected Rent Growth in Bethesda


Most Desirable Demographics in the DC Metro Area

Residents Achieve Over $220K Average Household Income


Unparalleled Live-Work-Play Environment

Surrounded by Dynamic Employment Sector & Premier Retail Amenity Base


Transit Oriented Asset with Unrivaled Accessibility

98 Walk Score, Adjacent to Bethesda Metro Station (Red Line) & Future MDOT Purple Line

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Last updated
10 Apr 2025