August 26, 2007 Bethesda Maryland

1951 Renovated Bannockburn Contemporary – $849K

This listing is for a renovated 1951 contemporary located in Bannockburn. The 4/2.5 has a nice wood-beamed cathedral ceiling and wall of windows in the living room. Bannockburn was founded in the mid-1940s by individuals who formed a housing cooperative to build homes and a community. The original land, 75 acres near the Potomac, cost $193,000, which the co-op paid off in three years, according to a history of the neighborhood by Mary and Jack Herling. Nice investment.