218 SMITH POINTE ROAD
About This Property
Designed for entertaining, the gourmet kitchen flows seamlessly into spacious dining and gathering areas, while multiple covered and uncovered outdoor living spaces invite you to enjoy the lake and mountain scenery year-round. The lower level is built for hosting with an impressive custom bar, recreation space, and additional room for guests.
Rich wood finishes, upscale details, and a warm modern mountain aesthetic carry throughout the home. Outside, a spectacular fire pit gathering area creates the perfect setting for evenings under the stars overlooking the beauty of Deep Creek Lake. Located in one of Deep Creek Lake's premier residential communities, this exceptional property offers the perfect balance of luxury, privacy, quality craftsmanship, and lake lifestyle.s, and a warm modern mountain aesthetic carry throughout the home. Striking exterior architecture with stone accents, beautifully landscaped grounds, and an ideal location near Deep Creek Lake amenities complete this exceptional offering. Whether serving as a full-time residence or private vacation retreat, this home delivers luxury mountain living in a truly special setting. NOTE: Private residence. Showings are strictly by appointment only. Please do not access the property or grounds without a confirmed appointment and licensed agent present.
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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 |
|---|---|---|---|
| Jun 8, 2026 | Listed by Railey Realty, Inc. | $5,495,000 | |
| Listed by Railey Realty, Inc. | |||
| May 21, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017