20160 GARRETT HIGHWAY #H708
About This Property
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find brand-new luxury vinyl plank flooring, updated lighting, and a show-stopping custom staircase, which replaced the outdated spiral design and was so substantial it had to be hoisted into the condo via the roof - a true architectural centerpiece.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.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Feb 12, 2026 | In contract | - | |
| In contract | |||
| Oct 31, 2025 | Price Decreased |
$289,900
↓ $10K
(3.4%) | |
| Price Decreased | |||
| Jun 19, 2025 | Listed by The KW Collective | $300,000 | |
| Listed by The KW Collective | |||
| Oct 10, 2021 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/03/2025
|
3 Bed
|
2 Bath
|
1700 ft²
|
$575,000
3 Bed
2 Bath
1700 ft²
|
$540,000
-6.09%
09/10/2026
|
Kevin Liller
Railey Realty, Inc.
| |
|
07/14/2025
|
2 Bed
|
1 Bath
|
640 ft²
|
$399,900
2 Bed
1 Bath
640 ft²
|
$380,000
-4.98%
09/26/2025
|
Timothy Macauley
Taylor Made Deep Creek Vacations & Sales
| |
|
07/12/2025
|
2 Bed
|
2 Bath
|
1379 ft²
|
$519,000
2 Bed
2 Bath
1379 ft²
|
$485,000
-6.55%
09/22/2025
|
Stephanie Smith
Curtis Real Estate Company
| |
|
06/19/2025
|
1 Bed
|
1 Bath
|
550 ft²
|
$300,000
1 Bed
1 Bath
550 ft²
|
$260,000
-13.33%
02/27/2026
|
Charlotte Savoy
Keller Williams - Ellicott City
| |
|
04/19/2025
|
2 Bed
|
2 Bath
|
1325 ft²
|
$495,000
2 Bed
2 Bath
1325 ft²
|
$450,000
-9.09%
11/10/2025
|
Richard Orr
Railey Realty, Inc.
| |
|
03/08/2025
|
1 Bed
|
1 Bath
|
450 ft²
|
$339,000
1 Bed
1 Bath
450 ft²
|
$339,000
08/01/2025
|
Larry Smith
Railey Realty, Inc.
| |
|
02/22/2025
|
3 Bed
|
2 Bath
|
1700 ft²
|
$549,000
3 Bed
2 Bath
1700 ft²
|
$540,000
-1.64%
03/31/2025
|
Nick Fratz-Orr
Railey Realty, Inc.
| |
|
09/12/2024
|
1 Bed
|
1 Bath
|
550 ft²
|
$289,000
1 Bed
1 Bath
550 ft²
|
$270,000
-6.57%
12/13/2024
|
Michael Kennedy
Railey Realty, Inc.
| |
|
08/17/2024
|
2 Bed
|
1 Bath
|
640 ft²
|
$399,000
2 Bed
1 Bath
640 ft²
|
$399,000
10/25/2024
|
Nick Fratz-Orr
Railey Realty, Inc.
| |
|
05/03/2024
|
1 Bed
|
1 Bath
|
550 ft²
|
$299,900
1 Bed
1 Bath
550 ft²
|
$275,000
-8.30%
07/08/2024
|
Jonathan Bell
Railey Realty, Inc.
| |
|
03/28/2024
|
2 Bed
|
1 Bath
|
640 ft²
|
$399,000
2 Bed
1 Bath
640 ft²
|
$375,000
-6.02%
04/29/2024
|
Larry Smith
Railey Realty, Inc.
| |
|
03/26/2024
|
3 Bed
|
2 Bath
|
1700 ft²
|
$549,000
3 Bed
2 Bath
1700 ft²
|
$534,000
-2.73%
05/10/2024
|
Andrew Eiswert
Railey Realty, Inc.
| |
|
05/24/2023
|
2 Bed
|
1 Bath
|
640 ft²
|
$349,000
2 Bed
1 Bath
640 ft²
|
$345,000
-1.15%
06/29/2023
|
Nick Fratz-Orr
Railey Realty, Inc.
| |
|
10/29/2022
|
1 Bed
|
1 Bath
|
-
|
$269,000
1 Bed
1 Bath
|
-
-
|
Susan Bell
Railey Realty, Inc.
| |
|
12/30/2021
|
2 Bed
|
1 Bath
|
-
|
$429,000
2 Bed
1 Bath
|
-
-
|
Douglas McClive
Taylor Made Deep Creek Vacations & Sales
| |
|
09/29/2021
|
2 Bed
|
2 Bath
|
1325 ft²
|
$389,000
2 Bed
2 Bath
1325 ft²
|
-
-
|
Ruth Seib
Railey Realty, Inc.
| |
|
09/18/2021
|
1 Bed
|
1 Bath
|
-
|
$224,900
1 Bed
1 Bath
|
-
-
|
Terry Boggs
Railey Realty, Inc.
| |
|
06/03/2021
|
1 Bed
|
1 Bath
|
-
|
$224,900
1 Bed
1 Bath
|
$224,900
09/10/2021
|
Kevin Liller
Railey Realty, Inc.
| |
|
04/08/2021
|
3 Bed
|
2 Bath
|
-
|
$459,000
3 Bed
2 Bath
|
-
-
|
Andrew Eiswert
Railey Realty, Inc.
| |
|
11/06/2020
|
1 Bed
|
1 Bath
|
450 ft²
|
$169,000
1 Bed
1 Bath
450 ft²
|
-
-
|
-
| |
|
10/30/2020
|
2 Bed
|
2 Bath
|
870 ft²
|
$287,500
2 Bed
2 Bath
870 ft²
|
-
-
|
-
| |
|
12/18/2019
|
1 Bed
|
1 Bath
|
600 ft²
|
$149,000
1 Bed
1 Bath
600 ft²
|
-
-
|
-
| |
|
11/09/2019
|
1 Bed
|
1 Bath
|
-
|
$235,000
1 Bed
1 Bath
|
-
-
|
-
| |
|
09/17/2019
|
1 Bed
|
1 Bath
|
-
|
$180,000
1 Bed
1 Bath
|
-
-
|
-
| |
|
06/17/2019
|
1 Bed
|
1 Bath
|
-
|
$162,000
1 Bed
1 Bath
|
-
-
|
-
| |
|
09/09/2018
|
2 Bed
|
1 Bath
|
983 ft²
|
-
2 Bed
1 Bath
983 ft²
|
-
-
|
-
| |
|
08/21/2018
|
2 Bed
|
2 Bath
|
-
|
-
2 Bed
2 Bath
|
-
-
|
-
| |
|
07/27/2018
|
1 Bed
|
1 Bath
|
1070 ft²
|
-
1 Bed
1 Bath
1070 ft²
|
-
-
|
-
| |
|
06/30/2018
|
3 Bed
|
2 Bath
|
1621 ft²
|
-
3 Bed
2 Bath
1621 ft²
|
-
-
|
-
| |
|
07/26/2017
|
1 Bed
|
1 Bath
|
-
|
$180,000
1 Bed
1 Bath
|
$180,000
08/10/2017
|
NON MEMBER
Non Subscribing Office
| |
|
07/13/2017
|
2 Bed
|
1 Bath
|
-
|
$167,500
2 Bed
1 Bath
|
$156,000
-6.87%
03/30/2018
|
Carol Wills
Railey Realty, Inc.
|
Building Info
- 3 Units for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017