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20160 Garrett Hwy #h708, 
Oakland, MD 21550

$300,000


1

Bed


1

Bath


550

Sq Ft


Condo

Active

Listed by

Charlotte Savoy

The Kw Collective

Last updated:

June 20, 2025, 04:23 PM

MLS#

MDGA2009826

Source:

BRIGHTMLS

About This Home

20160 Garrett Hwy #h708

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find brand-new luxury vinyl plank flooring, updated lighting, and a show-stopping custom staircase, which replaced the outdated spiral design and was so substantial it had to be hoisted into the condo via the roof — a true architectural centerpiece.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 $299.65 and Annual Gross Income Potential of $35k to $40k. 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.

Home Facts

Condo

1 Bath

1 Bedroom

Built in 1972

Price Summary

300,000

$545 per Sq. Ft.

MLS #:

MDGA2009826

Last Updated:

June 20, 2025, 04:23 PM

Added:

1 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

1

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

550 Sq. Ft.


Structure

Structure

Architectural Style:

Contemporary

Building Area:

550 Sq. Ft.

Year Built:

1972


Finances & Disclosures

Finances

Price:

$300,000

Price per Sq. Ft:

$545 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Bright MLS All rights reserved.

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