Grand Cove is much nicer and on the river for easier access to shopping/transportation. Recently converted to condo status, resale should increase substantially in the next 5 years. Great for couples or young families. Mike
Crown Village is one of the more economical communities in Edgewater and some of the units even offer a garage which really adds value here, especially in the winter. Edgewater is one of the few areas that has weathered this economic downturn pretty well. While prices have come down a little, compared to other areas this is a much more stable market. As such it is a great investment area and values should continue to hold and will even increase in the next few years.
It's all a matter of your budget and if the housing style and amenities are what you want. Crown Village is a decent value for Edgewater. You should be able to get into the complex for a bit under $400,000.