Experience the best of Deep Creek Lake living in this beautifully
crafted mountain home at Waterside at Wisp, complete with lake
access and a dedicated dock slip. Built by Gosnell Builders in
2002, this 4-bedroom, 3.5-bath residence showcases timeless
Craftsman-style design, soaring windows in the great room, and a
thoughtfully designed floor plan tailored for mountain and lake
living. The custom kitchen features granite countertops, abundant
cabinetry, and flows seamlessly into the main living areas,
creating an ideal space for gathering and entertaining. The
main-level great room is highlighted by a stunning stone fireplace
and dramatic wall of windows that fill the home with natural light
and capture the mountain ambiance. Downstairs, the spacious family
room has a new Harmon wood pellet stove, creating a warm and
inviting space for relaxing, entertaining, or gathering after a day
on the lake or slopes. Practical features abound, including a
spacious mudroom, oversized pantry, and exceptional storage
throughout the home. Every detail was designed with both comfort
and functionality in mind. Offered fully furnished and completely
turnkey. Outside, you'll find meticulously maintained landscaping,
extensive hardscaping, and a storage shed that enhances both
functionality and curb appeal and a custom tree fort. Ideally
located just minutes from Wisp Resort, Deep Creek Lake,
restaurants, shopping, and all that McHenry has to offer, this
property combines convenience, craftsmanship, and recreation in one
exceptional package. Whether you're seeking a full-time residence,
vacation retreat, or investment property, this home is ready to
enjoy in every season.
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.
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