Fair Lakes is a well-planned community mixed with high-end residential living and premium business properties. There are almost twenty individual communities offering predominately condominium and townhome housing options. Fortune 500 companies like Boeing, General Dynamics, Northrop Grumman and CGI Group call Fair Lakes home. The nation’s leading retailers, grocery stores and restaurants are abundant here with five shopping centers and neighboring Fair Oaks Mall. The residential living, businesses, shopping and restaurants have been well placed to maintain the serene park-like setting and tranquility of the environment.
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Fair Lakes is an ultimate living and power-shopping destination. The population is nearly 15,000 with 5,600 households and an average household income of $130,000. The population grows to approximately 115,000 and 228,000 within 3 and 5 miles of the community, respectively. This precipitous growth outside Fair Lakes illustrates the mindfulness of the Peterson Companies when they planned the community in such a manner to avoid over development and over population.
Properties in Fair Lakes receive meticulous care. The community is almost entirely comprised of condominium and townhouse type homes. Condos generally range in the $300,000 to $400,000+ range, while townhouses range in the $400,000 to $600,000 price points depending on age and size. Most detached home options are found just outside town in the adjacent communities of Greenbriar and Centreville Farms. Greenbriar price points are generally in the $400,000 to $600,000+ range, while Centreville Farms runs $700,000 to $900,000.
Fairfax County is among the top ranked school districts in the nation. The school system is divided into five regions with each region organized into geographically based pyramids. Fair Lakes is zoned for Greenbriar East and Greenbriar West Elementary Schools, Rocky Run and Lanier Middle Schools, and Fairfax and Chantilly High Schools.
Fair Lakes is a mixed-use, upscale, planned community located in central Fairfax County. It is only about 2.5 square miles, and bordered by Rt. 50 to the north, Rt. 29 to the south, West Ox Road to the east and Stringfellow Road to the west. Fair Lakes is approximately 5 miles west of the city of Fairfax and 22 miles west of downtown Washington, DC. It sits between Fairfax and Chantilly.
Connecting to points outside Fair Lakes is easy. Fair Lakes Parkway intersects with the Fairfax County Parkway and Rt. 66 to access surrounding suburbs, the Capital Beltway and downtown Washington, DC. Route 50 and 29 highways are also nearby. The drive to Rt. 66 is just a few minutes from any point within Fair Lakes. There is plentiful public bus transportation available to connect to destinations outside the community. The closest metro station is Vienna (orange line), which is only a 15 minutes drive without traffic.
Fair Lakes was developed in the 1980s and 90s by the very successful Peterson Companies. Prior to its development, Fair Lakes was rural farmland that sat between Fair Oaks Mall which opened in the 1970s, and the Greenbriar subdivision of almost 2,000 homes built in the late 1960s. Everything the Peterson Companies touched has turned into thriving, well sought-after communities and Fair Lakes is no exception. Other successful development projects include Fairfax Corner, The National Harbor, Downtown Silver Spring, and most recently The Promenade at Virginia Gateway in Gainesville.
The most noteworthy attractions in Fair Lakes include its shopping and dining destinations. Fair Lakes Center and The Shops at Fair Lakes are the anchor destinations with over 1 million square feet in shopping and dining. Noteworthy big-box stores include Wal-Mart, Target, BJ’s Wholesale Club, and Best Buy. There are a host of other retailers small and large to round out any shopping experience. The Blue Iguana and Guapo’s are staple restaurants in Fair Lakes. Within one mile of Fair Lakes Center, off Fair Lakes Parkway, is East Market Shopping Center. East Market is a 284,000 square foot shopping center anchored by Whole Foods, Dick’s Sporting Goods, and Kohl’s. The Hyatt Regency is also located in Fair Lakes and is almost a small city attraction within itself.
In April, Fair Lakes plays host to a kid and adult friendly event called “Touch a Truck”. Visitors are invited to come and see monster trucks, fire trucks, remote control demonstrations, moving vans, tow trucks, police vehicles and much more. Fair Lakes’ big annual event is held in May—Fair Lakes Spring Fest. This fun-filled event is designed to bring together the community and includes inflatable fun slides and games, food trucks, face painting, a photo booth, and other lively entertainment.
Let the real estate professionals at AveryHess schedule your real estate showings in Fair Lakes to help you make the right home buying decision for your future home purchase. To get started today, simply contact us.