Downtown Bethesda, Md., glitters with high-rise apartments, condos, restaurants and cafes, shops, movie theaters and entertainment venues. While the average sales price for a home in Bethesda was $922,000 in August, according to Redfin real estate brokerage, that doesn’t mean the area is entirely out of reach for buyers on a budget. Sacrificing space for location is one option to consider.

For example, a condo in the Crescent Plaza building in Bethesda Row is priced at $289,900. That’s quite a bargain in the 20815 Zip code where Redfin reports the average sales price in August was $1.02 million.

The 525-square-foot studio at 7111 Woodmont Ave., #215, has a monthly condo fee of $368, which includes a parking space, air conditioning, gas, heat, water, trash and an on-site property manager. Annual taxes are $2,870.

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Building amenities include a fitness center and a library. Pets are allowed in the building. The studio has hardwood floors, a walk-in closet, a stacked washer and dryer, and granite counters and stainless-steel appliances in the galley-style kitchen with a window. Floor-to-ceiling glass doors open onto a balcony that overlooks a small park.

While the open studio provides space for living, eating and sleeping, the prime amenity for this condo is the location. Shops, restaurants, music venues and theaters are nearby, along with a Trader Joe’s grocery store, a Target and the Bethesda Metro station.

For more photos, click here.

For more information, contact real estate agent Brittany Ryan with Compass at 240-285-8236 or real estate agent Erich Cabe with Compass at 202-320-6469.

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