RARELY AVAILABLE IN THE RESERVE, FIRST ONE ON MARKET SINCE 2023! PRIVATE OASIS BACKING TO ALMOST 20 ACRES OF PRESERVED PARKLAND. OVER 6,400 SQ FT OF ELEGANT LIVING SPACE ON A PRIVATE CUL-DE-SAC. GOES TO OLNEY SCHOOLS! Welcome to 301 Reserve Gate Terrace, an extraordinary residence nestled in the highly sought-after Reserve section in the Ashton Preserve community. Lightly lived-in and meticulously cared for by its original owner, this impressive Brookline model is positioned on a beautifully landscaped . 38-acre lot that backs to an expansive, roughly 20-acre wooded preserve—offering the rare combination of privacy, views, and tranquility. With more than 6,400 square feet of finished living space across three thoughtfully designed levels, this 5-bedroom, 4.5-bathroom, 3-car garage estate delivers elegance, functionality, and modern sophistication at every turn. From the moment you step through the grand two-story foyer, you’re greeted by rich hardwood flooring and soaring ceilings, setting the tone for the refined finishes that follow. The main level boasts a formal living and dining room, a full-sized private office overlooking lush greenery, and a breathtaking two-story family room centered around a beautiful fireplace. Natural light floods the sunroom addition, featuring floor-to-ceiling windows on three sides and scenic views of the backyard. At the heart of the home lies the gourmet chef’s kitchen, with gleaming stainless steel appliances (1 year old), granite countertops, double oven, a large island with 5-burner cooktop, butler’s pantry, and oversized sink framed by windows that offer peaceful views of the treetops beyond. Upstairs, you’ll find four generously sized bedrooms, all with hardwood flooring. The primary suite is a true retreat, complete with a separate sitting room, bedroom-sized walk-in closet, and a luxurious bath featuring dual vanities, soaking tub, and separate shower. A guest suite with its own full bath and two additional bedrooms connected by a Jack-and-Jill bath complete the upper level. The fully finished walk-out lower is nearly 2,500 square feet and includes a dedicated media room, bedroom with full bath, second family room with fireplace, and multiple recreation and flex spaces perfect for entertaining, fitness, or play. Dual-zone HVAC system was updated in 2016. Step outside to the custom Trex deck with a charming gazebo, ideal for dining al fresco while surrounded by the serenity of mature trees. The home is located in a private cul-de-sac featuring a charming community green space with gazebo and sitting areas. Just 10 minutes to downtown Olney, this residence is a rare offering in a neighborhood where homes are rarely available. Don’t miss your opportunity to experience luxury, space, and serenity all in one unforgettable address.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
4.5
Stories
2
Lot width
—
Lot depth
—
Lot size
0.38 Acres
Year renovated
—
Sq. Ft.
4,670
Year built
2004
Style
Single Family Residential
County
Montgomery County
APN
08 03396702
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 17, 2026.
RNC
Rural Neighborhood Cluster Zone
The intent of the RNC zone is to preserve open land, environmentally sensitive natural resources, and rural community character through clustering of residential development in the form of small neighborhoods that provide neighborhood identity in an open space setting. A master plan must recommend the RNC zone, and must provide development guidelines and recommendations regarding density, and the location and rationale for preserving the rural open space.; It is also the intent of the RNC zone to implement the recommendations of the applicable master plan, such as maintaining broad vistas of open space, preserving agrarian character, or preserving environmentally sensitive natural resources to the maximum extent possible, and to ensure that new development is in harmony with the policies and guidelines of the applicable master plan and is compatible with existing development in adjoining communities.
Permitted uses
Include but are not limited to:
Agriculture-Other
Assembly/ meeting place
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure-Other
Public service
Transportation-Other
Park & open space
Sep 14, 2007 • Final
Building residential
Addition
Sep 14, 2007 • Final
Electrical
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
# of Attached Garage Spaces: 3
Garage Features: Garage - Side Entry
# of Total Garage and Parking Spaces: 3
Has Garage
# of Garage Spaces: 3
Attached Garage
Interior
Bedroom Information
# of Bedrooms On 1st Upper Level: 4
# of Bedrooms On 1st Lower Level: 1
Bathroom Information
# of Bathrooms (Full) On 1st Upper Level: 3
# of Bathrooms (Half) On Main Level: 1
# of Bathrooms (Full) On 1st Lower Level: 1
# of Bathrooms (Full) On All Upper Levels: 3
# of Bathrooms (Full) On All Lower Levels: 1
# of Bathrooms (Half): 1
# of Bathrooms (Full): 4
Interior Information
Living Area Sq.Ft. Source: Estimated
Room Information
Game Room, Family Room, Study, Sun/Florida Room, Laundry, Mud Room, Storage Room, Utility Room
Fireplace Information
Has Fireplace
# of Fireplaces: 2
Basement Information
Basement: Yes
Walkout Level, Fully Finished
Exterior
Property Information
Total Below Grade Sq. Ft.: 2495
Front Foot Fee Payment Frequency: Annually
Improvement Assessed Value: $875,100
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
Construction Materials: Brick
Foundation Details: Other
Other Structures: Above Grade, Below Grade
Structure Type: Detached
Lot Information
Tidal Water: No
Land Information
Land Assessed Value: $254,600
Above Grade Information
Finished Sq.Ft.: 3,970
Finished Sq.Ft. Source: Assessor
Below Grade Information
Finished Sq.Ft.: 2,495
Finished Sq.Ft. Source: Estimated
Financial
Tax Information
County Tax: $11,659
Tax Assessed Value: $1,071,233
Tax Year: 2024
Tax Annual Amount: $12,243
Assessments Information
Special Assessment Payment: Annually
Year Assessed: 2025
Utilities
Utilities Information
Central Air
Cooling Type: Central A/C
Cooling Fuel: Electric
Central
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Location
Homeowners Association Information
HOA Fee: $593
HOA Fee Frequency: Semi-Annually
School Information
Elementary School: SHERWOOD
Middle Or Junior School: WILLIAM H. FARQUHAR
High School: SHERWOOD
School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS
Elementary School Source: 3rd Party
Middle School Source: 3rd Party
High School Source: 3rd Party
School District Source: 3rd Party
Location Information
Outside City Limits
Directions: GPS
Public facts
Beds: —
Baths: 4.5
Sq. Ft.: 4,670
Stories: 2.0
Lot Size: 0.38 acres
Style: Single Family Residential
Year Built: 2004
Year Renovated: —
County: Montgomery County
APN: 08 03396702
Home facts updated by county records on Jul 17, 2026
Around this home
Schools
Sherwood Elementary School
Public PreK-5 • Assigned • 1.4mi
9/10
William H. Farquhar Middle School
Public 6-8 • Assigned • 1.4mi
9/10
Sherwood High School
Public 9-12 • Assigned • 1.0mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 102° expected this year, 15 days in 30 years
4/10 Wind Factor
15% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Sandy Spring, MD • 20905
Average low and high temperatures (°F)
37
22
42
27
61
38
69
47
72
54
83
64
87
69
80
61
78
58
68
45
57
39
43
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 4.2 hours in December, placing it below the
U.S. average for solar exposure.
9.2 hrs
4.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.24M – $1.51M
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