Garrett
181 GRAND ESTATES DRIVE
$660,000
●
House -
Off Market
181 GRAND ESTATES DRIVE
MC HENRY, MD 21541
4 Beds
2 Baths,
1
Half Bath
2,640 Ft²
$3,994
Est. Monthly
$97
HOA / Fees
3.27%
Cap Rate
About This Property
If you're seeking a log-style home in a wooded mountain setting
atop Wisp Mountain, 181 Grand Estates Drive offers the perfect
blend of luxury, comfort, and natural beauty. Located in the Lago
Vista community, you have easy access to Lodestone Golf Course and
the mountaintop parking area for Wisp Ski Resort. This home offers
three levels of living space, granite counters, luxury vinyl
flooring and a stone propane fireplace. The cathedral ceilings and
open beams make the main living area open and inviting, and the
upper level loft and master suite are perfect for the primaries.
Step right outside to an expansive wrap-around deck that is
partially covered so that you can enjoy the beauty of the outdoors
during any season. A firepit is another plus, making a great space
to enjoy those great DC lake evenings, and a storage garage on the
lower level is ideal for toy storage.
Unit Size
2,640 Ft²
Days on Market
-
Land Size
1.04 acres
Price per sqft
$263
Property Type
House
Property Taxes
$484
HOA Dues
$97
Year Built
2018
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (Bright MLS #MDGA2009798)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 22, 2025 | Sold | ||
| Sold | |||
| Aug 9, 2025 | In contract | - | |
| In contract | |||
| Jun 13, 2025 | Listed by Taylor Made Deep Creek Vacations & Sales | $695,000 | |
| Listed by Taylor Made Deep Creek Vacations & Sales | |||
| Apr 29, 2025 | Price Decreased |
$710,000
↓ $15K
(2.1%) | |
| Price Decreased | |||
| Mar 26, 2025 | Relisted | $725,000 | |
| Relisted | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Garrett
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Listed by: Elizabeth S Spiker Holcomb
Taylor Made Deep Creek Vacations & Sales
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# MDGA2009798
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Taylor Made Deep Creek Vacations & Sales
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# MDGA2009798
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