20160 GARRETT HWY #H708 new to site Save Request In-Person Tour Request Virtual Tour
Oakland,MD 21550
Key Details
Property Type Condo
Sub Type Condo/Co-op
Listing Status Active
Purchase Type For Sale
Square Footage 550 sqft
Price per Sqft $545
Subdivision Will-O-The Wisp
MLS Listing ID MDGA2009826
Style Contemporary
Bedrooms 1
Full Baths 1
Condo Fees $704/mo
Year Built 1972
Annual Tax Amount $2,289
Tax Year 2024
Property Sub-Type Condo/Co-op
Property Description
Welcome to Will O' the Wisp Condominiums, where premium upgrades meet penthouse-level lakefront living at Deep Creek Lake! This fully furnished, beautifully updated, rarely available, top-floor two-level condo features one bedroom and one bath, offering 550 square feet of comfort, charm, and versatility — perfect as a vacation home, year-round retreat, or income-producing rental.
Start your mornings with exceptional sunrises from your private lakefront balcony — one of the best views in the building! Inside, you'll find brand-new luxury vinyl plank flooring, updated lighting, and a show-stopping custom staircase, which replaced the outdated spiral design and was so substantial it had to be hoisted into the condo via the roof — a true architectural centerpiece. This penthouse-style unit requires no steps as there's an elevator from the main level to the condo, offering rare convenience and accessibility and offers LVP wood floors, new lighting and soaring ceilings.
Currently operating as a successful short-term rental with Railey Vacations under the name "Anchors Away," this property has a proven rental history — offering an immediate opportunity for investment income with an Average Daily Rental of $199.65 and Annual Gross Income Potential of $27k to $35k.
Recent mechanical upgrades include a new HVAC system (2025), hot water heater (2024)— all the major updates are already done. The unit also includes covered garage parking, making life easier year-round.
Enjoy resort-style amenities including an indoor pool, hot tubs, fitness center, sauna, game room, private sandy beach, dock slip access through the HOA, and a fully serviced front desk for guest support and added security. All of this is just minutes from Wisp Resort, State Parks, and adjoining two fine dining restaurants — the perfect base for four-season fun at the lake.
Location
State MD
County Garrett
Zoning C
Rooms
Other Rooms Living Room,Dining Room,Kitchen,Bedroom 1,Full Bath
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Carpet,Ceramic Tile,Wood
Equipment Dishwasher,Oven/Range - Electric,Refrigerator,Built-In Microwave
Exterior
Parking Features Underground
Garage Spaces 2.0
Amenities Available Beach,Boat Dock/Slip,Elevator,Exercise Room,Fitness Center,Lake,Pool - Indoor,Racquet Ball
Waterfront Description Sandy Beach
Water Access Y
View Lake,Mountain,Trees/Woods
Building
Story 7
Sewer Public Sewer
Water Public
Structure Type 2 Story Ceilings,Vaulted Ceilings
New Construction N
Schools
Elementary Schools Accident
Middle Schools Southern Middle
High Schools Southern Garrett High
School District Garrett County Public Schools
Others
Special Listing Condition Standard
Pets Allowed Number Limit
Virtual Tour https://my.matterport.com/show/?m=CsyzhqCHts1&mls=1