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The Ultimate Luxury Home Buying Guide

Learn the essential steps, insider tips, and expert strategies to successfully purchase a luxury home in McLean, Arlington, and Falls Church.

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Michael Falcone | Luxury Buyer’s Guide
Luxury Buyer’s Guide

Elevating McLean Living

Expert guidance for McLean, Arlington, Falls Church, Salona Village & Tysons.

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Meet Michael Falcone

Michael Falcone is a seasoned real estate professional specializing in commercial and residential property sales across Northern Virginia. A graduate of the University of Maryland's Smith School of Business with a degree in International Marketing and Business Management, he has called McLean home for over 35 years.

Clients value his deep market knowledge, strategic insight, and attention to detail. Whether working with first-time buyers, seasoned investors, renovators, or builders, he consistently delivers smooth, well-managed transactions across all price points throughout the region. Known for his effective negotiation skills, he provides exceptional service grounded in integrity and professionalism.

Before entering real estate, Michael built a successful international career, including 15 years in Russia, Ukraine, and Western Europe, where he helped businesses navigate complex transitions. His background includes roles in multinational corporations and entrepreneurial ventures across technology, luxury hospitality, and grocery sectors—developing expertise in sales, purchasing, business development, and client relations.

This diverse experience, combined with fluency in both English and Russian, gives him a unique ability to connect with clients from all backgrounds. His transition into real estate was a natural progression, driven by a desire to help people find the perfect place to call home and invest wisely.

Passionate about community service, he is an active member and current president of the Rotary Club of McLean. His leadership reflects a lifelong commitment to meaningful engagement and giving back.

“I’m passionate about marketing and presenting homes with precision—through staging, photography, creative design elements like vinyl stretch ceilings, and thoughtful positioning,” he says. “With a strong business foundation and international perspective, I focus on what truly matters: serving my clients with care, strategy, and results.”

For Michael, real estate is more than a business—it’s a calling. Helping clients start new chapters in their lives is what inspires him every day.

Michael Falcone Headshot English & Russian Modern Kitchen Interior

Luxury Buyer Tips

Consider Privacy & Security

Gated communities, long driveways, and smart home security systems are essential for many luxury buyers.

Look Beyond the Listing Price

Factor in HOA fees, property taxes, and maintenance for estates, pools, or private amenities.

Think About Resale Value

Location, architectural quality, and timeless finishes will protect your investment.

Use a Local Luxury Expert

Michael has insider knowledge of pocket listings and private sales not found online.

Prioritize Lifestyle Amenities

Whether it’s a chef’s kitchen, wine cellar, gym, or pool, align your home with your passions.

Make Buying Effortless with Concierge Services

Michael offers white-glove concierge services, handling inspections, movers, designers, and trusted professionals for a seamless luxury home purchase.

Your Step-by-Step Guide

1Define Your Vision

Clarify lifestyle needs — square footage, design style, amenities, school district, commute, and proximity to dining, shopping, or airports.

2Secure Financial Pre-Approval

Demonstrate readiness. Michael connects you with trusted lenders experienced in high-value properties.

3Curate a Shortlist

Targeted list of on-market and off-market homes that match your vision.

4Tour & Evaluate

Private showings, architectural quality, resale value, and positioning — with data-backed assessments.

5Craft a Strategic Offer

Negotiation is an art. Michael structures competitive offers aligned with your interests.

6Conduct Due Diligence

Inspections, title review, and every detail meticulously handled.

7Close & Celebrate

Coordination with legal, financial, and moving teams for a smooth settlement — and keys to your new lifestyle.

Market Snapshot

McLean, VA
  • Median Luxury Home Price: $2.8M
  • Average Days on Market: 34
  • Year-over-Year Price Growth: +6%
Arlington, VA
  • Median Luxury Home Price: $1.95M
  • Average Days on Market: 28
  • Year-over-Year Price Growth: +4%
Falls Church, VA
  • Median Luxury Home Price: $1.6M
  • Average Days on Market: 31
  • Year-over-Year Price Growth: +5%
Tysons, VA
  • Median Luxury Condo Price: $1.25M
  • Average Days on Market: 26
  • Year-over-Year Price Growth: +3%

For live, up-to-date data, visit the market report below.

Neighborhood Highlights

McLean, VA

Home to diplomats, executives, and renowned estates, McLean offers privacy, luxury, and top-tier schools. Notable areas include Langley, Salona Village, and The Reserve.

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Arlington, VA

A vibrant blend of urban convenience and suburban charm, with high-rise penthouses, historic homes, and proximity to D.C. Highlights: Clarendon, Ballston, Lyon Village.

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Falls Church, VA

Charming neighborhoods, excellent schools, and boutique living. Small-town feel with quick access to Tysons and Arlington.

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Salona Village, McLean

Prestigious enclave with large custom homes, mature trees, and walkable access to downtown McLean’s shops and cafés.

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Tysons, VA

NoVA’s urban hub — luxury high-rises, Tysons Galleria & Tysons Corner Center, corporate HQs, and direct Metro access.

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What Clients Say

“Michael Falcone is highly proficient and has all the skills needed to be successful as a real estate broker. Examples include Michael's excellent communication skills (phone, SMS, email, in person): He listens, cares, and goes the extra mile to ensure all stakeholders are informed. He speaks Russian and English, both without an accent! Michael cares about his clients, and it shows this caring through in everything he does. He is also technically competent with detailed knowledge of the purchase and sale transaction, lending process, lender requirements, etc. Every buyer or seller that is serviced by Michael Falcone ought to thank Century 21 for attracting and retaining this extraordinary individual. Me too. Thank you, Century 21, for supporting Michael and his career.”

— Chris & Dina J.

“My wife and I highly recommend Michael Falcone as a realtor. Michael listened carefully to our needs, which included an extremely short time frame to find housing in a very specific location. He sent a carefully curated list of suitable places and arranged visits. He walked us through the entire process and kept in constant contact. Every question we had was answered quickly, and issues were addressed successfully. I could not have asked for a better agent. He is the best.”

— Kohorst M.

Let’s Start Your Search

Michael Falcone
Luxury Real Estate Advisor

Email: [email protected]
Phone: 703.677.5373
Website: falconereal.com

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