215 FAIRGATE ROAD
About This Property
With four spacious primary suites, each featuring a private en-suite bath and balcony, this home is designed for relaxation and privacy. The soaring ceilings and expansive windows flood the open-concept living spaces with natural light, creating a seamless connection between indoors and out. The gourmet kitchen is a chef's dream, featuring high-end stainless steel appliances, custom cabinetry, and a large island perfect for entertaining.
Outside, a wraparound maintenance-free deck, a sprawling patio, and a cozy fire pit invite you to soak in the panoramic views from sunrise to sunset. Whether you're sipping coffee on the deck, unwinding after a day on the lake, or gathering around the fire under the stars, this home offers a true escape.
Fully furnished inside and out, with everything conveying, this property is move-in ready. It holds a TVRU rental license for up to 12 guests and has a strong rental history, making it a fantastic investment opportunity. Dock slips may be available, adding even more value to this incredible lakefront lifestyle.
Located just minutes from boating, fishing, skiing, dining, and shopping, this is a rare opportunity to own a luxurious mountain-lake retreat in the heart of Deep Creek. Schedule your private tour today!
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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 |
|---|---|---|---|
| Oct 30, 2025 | Sold | ||
| Sold | |||
| Sep 25, 2025 | In contract | - | |
| In contract | |||
| Jul 21, 2025 | Price Decreased |
$1,189,000
↓ $36K
(2.9%) | |
| Price Decreased | |||
| Jun 18, 2025 | Price Decreased |
$1,225,000
↓ $60K
(4.7%) | |
| Price Decreased | |||
| Feb 26, 2025 | Listed | $1,285,000 | |
| Listed | |||
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Welcome to "Sky Watcher Chalet"! The ultimate lake and mountain retreat features an Average Daily Rent of $656 and $78k in annual gross rental income! This stunning chalet-style home offers 3,456 square feet of thoughtfully designed living space, blending rustic charm with modern luxury. Perfectly positioned to capture breathtaking, unobstructed sunset views over Deep Creek Lake, Wisp Resort, and the mountains, this home provides a front-row seat to the Fire on the Mountain 4th of July fireworks and the ski slopes illuminated on winter nights.
With four spacious primary suites, each featuring a private en-suite bath and balcony, this home is designed for relaxation and privacy. The soaring ceilings and expansive windows flood the open-concept living spaces with natural light, creating a seamless connection between indoors and out. The gourmet kitchen is a chef’s dream, featuring high-end stainless steel appliances, custom cabinetry, and a large island perfect for entertaining.
Outside, a wraparound maintenance-free deck, a sprawling patio, and a cozy fire pit invite you to soak in the panoramic views from sunrise to sunset. Whether you're sipping coffee on the deck, unwinding after a day on the lake, or gathering around the fire under the stars, this home offers a true escape.
Fully furnished inside and out, with everything conveying, this property is move-in ready. It holds a TVRU rental license for up to 12 guests and has a strong rental history, making it a fantastic investment opportunity. Dock slips may be available, adding even more value to this incredible lakefront lifestyle.
Located just minutes from boating, fishing, skiing, dining, and shopping, this is a rare opportunity to own a luxurious mountain-lake retreat in the heart of Deep Creek. Schedule your private tour today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017