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About the Listing KWR55 - 62670
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find brand-new luxury vinyl plank flooring, updated lighting, and a show-stopping custom staircase, which replaced the outdated spiral design and was so substantial it had to be hoisted into the condo via the roof — a true architectural centerpiece.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.
Listing Highlights for 20160 Garrett Highway H708
Status
Active
Days on Site
136
Property Type
Condo
MLS ®
MDGA2009826
Year Built
1972
Total Square Footage
550
Lot/Acreage
N/A
County
Garrett
Neighborhood
Will-O-The Wisp
HOA Dues
704.59/Monthly
School District
Garrett County Public Schools
Elementary School
Accident
Middle School
Southern Middle
High School
Southern Garrett High
Interior Details
- Bedrooms: 1
- Bathrooms: 1 Full
- Appliances: Dishwasher, Oven/Range - Electric, Refrigerator, Built-In Microwave
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor: Carpet,Ceramic Tile,Wood
- Above Ground Sq Ft: 550
- Below Ground Sq Ft: 0
- Basement:
- Other: Carpet,Breakfast Area,Ceiling Fan(s),Dining Area,Elevator,Floor Plan - Open,Wood Floors,Number Limit,Pets Allowed
- Water: Public
Exterior Details
- Lot Description: Private Access,Boat - Powered,Canoe/Kayak,Fishing Allowed,Personal Watercraft (PWC),Public Beach,Sail,Waterski/Wakeboard,Not New Construction,Horse Property: No,Waterfront
- Garage Capacity: 1 car
- Parking Spaces: 2
- Zoning: C
- Roof:
- Others: Private Beach,Extensive Hardscape,Exterior Lighting,Stone Retaining Walls,Beach,Boat Dock/Slip,Elevator,Exercise Room,Fitness Center,Lake,Pool - Indoor,Racquet Ball,Common Area Maintenance,Lawn Maintenance,Pier/Dock Maintenance,Snow Removal
- Sewer: Public Sewer
- Parking Features: Underground,Parking Garage,Parking Lot,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $2,289
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
20160 Garrett Highway H708 Oakland, MD 21550
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