There are some nice places in Old Town closer to your price range that are similar size and also near or by the river. I'd be happy to let you know about them. And yes, Ford's Landing has HOA fees.
Delaine Campbell, CRS, ABR, e-Pro
McEnearney Associates, Inc. REALTORS(R)
(703) 932-6542 cell/text/direct
"Out Of The Box Thinking For All Of Your Real Estate Needs!"
Top 5% of Real Estate Agents Nationwide
Serving Alexandria Virginia and the D.C. Metro Area
Fords Landing is truly a wonderful neighborhood and easy access to all of the restaurants and shops of Old Town! To give you some perspective the web link below shows what is currently for sale in the neighborhood and also what has sold there in the last 6 months. If $700K is your desired price point there are other nearby homes that would offer many of the luxuries of Ford's and keep you on budget. Please feel free to contact me for some insight into Old Town!
There are currently three active listings, list price from $949k to $1,792,000 and HOA fees ranging from $187 to $275/mo. There are a number of current listings on the market right now that are $750k or less for 3BR home in the Old Town area. Please let me know if you need any assistance.
You are not specifying which listing you are looking at, however there are 3 active listings in Fords Landing, Alexandria priced betwen $1,792,000 to $949,000. Home owner Assoc fees are from $187-$275. The community is above your current budget. If you are actively looking to buy and are not working with an agent feel free to contact me; I am very familiar with the Old Town area and Alexandria in general.
Maridol Garcia-Joy, Realtor
Long & Foster