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Lot 122 FAIR WAY
About This Property
Discover the perfect blend of luxury, nature, and recreation with this beautifully wooded, gently sloping building lot nestled directly along the Lodestone Golf Course, one of Maryland's premier mountain-top courses. Located within a small, gated community atop WISP Resort's ski mountain, this lot offers unmatched access to four-season adventure and serene mountain living. Set on a quiet cul-de-sac with paved, privately maintained roads, this spacious lot boasts ideal topography for nearly any home style. Enjoy public water, sewer, and electricity already at the site-ready for your dream mountain retreat. Whether you're seeking a primary residence, vacation home, or investment, this lot is a rare opportunity in one of the most sought-after locations in the Deep Creek Lake area.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 28, 2025 | Listed by Railey Realty, Inc. | $115,000 | |
| Listed by Railey Realty, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017