Waterside Apartments
History of Waterside at Reston Apartments
The history of Waterside at Reston Apartments is closely tied to the development of Reston itself, a master-planned community founded in 1964 by Robert E. Simon Jr. Reston was envisioned as a revolutionary suburban model, blending residential, commercial, and recreational spaces to foster a self-sufficient, community-oriented lifestyle. Unlike traditional suburban sprawl, Reston emphasized walkability, green spaces, and mixed-use development—an ethos that continues to define the area today. Waterside at Reston, constructed in 1986, emerged during a period of significant growth in Fairfax County, as the region evolved into a hub for technology, government contracting, and professional services, fueled by its proximity to Washington, D.C. and Dulles International Airport.
Originally built as a mid-tier residential complex, Waterside at Reston has undergone notable renovations to keep pace with modern housing demands. Its 276 units, spread across three-story buildings, range from one to three bedrooms, with the largest floor plans reaching 1,173 square feet. These upgrades, highlighted on the property’s website, include hardwood-style flooring, black granite countertops, stainless-steel appliances, and private patios or balconies—features designed to elevate the living experience and attract a more discerning clientele. The property’s transformation reflects broader trends in Reston, where aging housing stock has been revitalized to meet the expectations of a growing, affluent population.
Waterside at Reston’s ownership history ties it to Chesapeake Realty Partners, a firm that acquired the property prior to 2018, as noted on their website. Under their stewardship, and later management by Greystar—a prominent real estate company—the complex has positioned itself as an “award-winning community,” a claim emphasized in its marketing materials. While specific awards are not detailed, this branding suggests recognition for design, resident satisfaction, or community engagement. The property’s location next to a Trader Joe’s and its adjacency to a pond with walking paths further enhance its historical appeal as a serene yet connected residential enclave within Reston’s bustling landscape.
Demographics of the Surrounding Area
Waterside at Reston sits within the 20194 ZIP code in Fairfax County, a region known for its diversity, affluence, and high educational attainment. Fairfax County, with a population of approximately 1.15 million as of recent estimates, is one of the wealthiest counties in the United States, boasting a median household income of over $130,000—well above the national average. Reston, a census-designated place within the county, has a population of around 63,000 and mirrors Fairfax County’s demographic profile while maintaining a distinct community identity.
The demographic composition of Reston is notably diverse. According to U.S. Census data, approximately 65% of residents are White, 13% are Hispanic or Latino, 10% are Black or African American, and 10% are Asian, with smaller percentages of other racial and ethnic groups. This diversity reflects Fairfax County’s status as a melting pot, driven by its proximity to Washington, D.C., and the presence of multinational corporations and government agencies. Reston’s population skews slightly older, with a median age of around 40, and is characterized by a high proportion of professionals, including tech workers, government employees, and healthcare practitioners.
Educational attainment in Reston is exceptional, with over 70% of adults holding a bachelor’s degree or higher, compared to the national average of 33%. This aligns with Fairfax County’s reputation as a hub for highly skilled workers, many of whom are drawn to the area’s top-tier schools, such as those in the Fairfax County Public Schools district, which serves Waterside at Reston. The property’s website emphasizes its appeal to families, pet owners, and young professionals, suggesting that its resident demographic likely includes a mix of these groups. The presence of amenities like a dog park, playground, and proximity to parks and schools supports this inference.
Income levels in Reston are robust, with a median household income exceeding $120,000. This affluence shapes the rental market, as residents expect high-quality housing options commensurate with their earning power. Waterside at Reston’s rental rates, starting at $2,020 per month for a one-bedroom unit as of early 2025, reflect this premium, though they remain competitive compared to luxury apartments closer to Reston Town Center, where rents can exceed $3,000 for similar sizes. The property’s target demographic thus likely includes middle- to upper-income renters who value modern upgrades and community amenities without the higher costs of downtown living.
Real Estate Trends and Market Context
The real estate market surrounding Waterside at Reston is shaped by Reston’s evolution into a tech and business hub, as well as Fairfax County’s broader growth trajectory. As of April 10, 2025, the Northern Virginia housing market remains one of the most competitive in the country, driven by demand from professionals tied to the D.C. metro area and major employers like Amazon Web Services, located just 10 minutes from Waterside. The median rent in Reston is approximately $2,473 for a one-bedroom apartment, $3,291 for a two-bedroom, and $3,691 for a three-bedroom, according to Apartment List data. Waterside’s pricing—starting at $2,020 for a one-bedroom and scaling up to over $3,000 for larger units—positions it as a mid-range option in this high-cost market.
Historically, Reston’s real estate market has seen steady appreciation, with home values increasing by an average of 4-6% annually over the past decade. While Waterside at Reston is a rental property, its value as an investment asset is influenced by these trends. The property’s 1986 construction places it among older housing stock in Reston, but its renovations align with a regional trend of modernizing multifamily complexes to compete with newer developments. Features like in-unit laundry, granite countertops, and a saltwater pool (planned for 2020 upgrades) reflect an effort to stay relevant in a market where renters prioritize luxury and convenience.
The rental market in Reston has experienced fluctuations in recent years, with a slight softening in 2023 due to increased supply from new construction, followed by a rebound in 2024-2025 as demand outpaced inventory. Waterside at Reston benefits from its strategic location—less than a mile from Reston Town Center and minutes from the Dulles Toll Road, Fairfax County Parkway, and Silver Line Metro. This connectivity appeals to commuters, a key driver of rental demand in Fairfax County, where 60% of residents work outside their home county, often in D.C. or Tysons Corner.
Resident reviews and online commentary provide additional insight into Waterside’s market position. Positive feedback highlights the quiet community, well-maintained grounds, and responsive maintenance staff, while criticisms—such as limited visitor parking and strict towing policies—suggest areas for improvement. The property’s pet-friendly policies, including a dog park, tap into a growing trend of pet ownership among renters, with over 60% of U.S. households owning pets. Meanwhile, amenities like the fitness center, pool, and clubhouse cater to lifestyle preferences, enhancing its competitiveness in a crowded market.
Broader real estate trends in Fairfax County also influence Waterside’s trajectory. The region’s population growth—projected at 1-2% annually through 2030—combined with limited land for new development, sustains high housing demand. Multifamily properties like Waterside benefit from this pressure, as homeownership remains out of reach for many due to median home prices exceeding $650,000. Rent control measures, absent in Virginia, allow landlords flexibility in pricing, though Waterside’s management must balance increases with resident retention, as evidenced by complaints about rising rents and mandatory fees (e.g., trash collection).
Conclusion
Waterside at Reston Apartments embodies the spirit of Reston’s founding vision while adapting to the demands of a modern, affluent, and diverse population. Its history as a 1980s-built complex revitalized for contemporary living reflects broader trends in Fairfax County, where legacy properties are reimagined to meet high expectations. The surrounding demographic—educated, professional, and moderately wealthy—shapes its resident base, while its real estate value is bolstered by Reston’s strong market fundamentals and strategic location.
As of April 10, 2025, Waterside at Reston stands as a compelling option in Northern Virginia’s rental landscape, offering a balance of affordability, amenities, and access. Its future success will depend on continued investment in upkeep and responsiveness to resident needs, particularly as competition intensifies from newer developments. For now, it remains a testament to Reston’s enduring appeal as a place where suburban serenity and urban vitality coexist—a legacy that Waterside at Reston proudly upholds.
