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Garrett 21550
588 LAKE FOREST DRIVE
$1,065,000
● House - Off Market

588 LAKE FOREST DRIVE

OAKLAND, MD 21550
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,411 Ft²
$6,174
Est. Monthly

About This Property

Welcome to Cabin Dreams - a charming rustic lakefront retreat with 134' of beautiful, gently sloped lake frontage on Deep Creek Lake. Facing the sunrise with an inviting sandy shoreline, stunning lake views, and private Type A dock, this 3-bedroom + loft, 2-bath getaway offers the perfect blend of relaxation and adventure. Inside, warm wood accents, hardwood floors, mini-split AC/heating units, and a soaring stone wood-burning fireplace creates a warm mountain-lake atmosphere. The open living, dining, and kitchen areas flow seamlessly to the expansive lakeside deck, where you can relax in the hot tub (new in 2025) or take in peaceful morning views over the water. A screened porch offers the perfect spot for coffee, quiet afternoons, or evening conversations. Outside, enjoy easy access to the lake and dock, a lakeside firepit, and plenty of room to gather with family and friends. Currently a successful vacation rental, this property offers excellent investment potential while also serving as an ideal private getaway. Experience the best of Deep Creek Lake living in this classic waterfront cabin retreat.
Unit Size
1,411 Ft²
Days on Market
-
Land Size
0.64 acres
Price per sqft
$772
Property Type
House
Property Taxes
$827
HOA Dues
-
Year Built
1956

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Last updated: 5 months ago (Bright MLS #MDGA2011898)

Price History

Date / Event Date Event Price
Jun 18, 2026 Sold
Sold
May 26, 2026 In contract -
In contract
May 20, 2026 Listed by Railey Realty, Inc. $1,089,000
Listed by Railey Realty, Inc.
Jan 1, 2020 No longer available -
No longer available
Sep 3, 2019 Sold
Sold
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Property Highlights

Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0
  • Location Influence Type: 23

    Dimensions

  • Lot Size Square Feet: 27,824
  • Total Building Area: 1,411
  • Gross Building Area: 1,411
  • Building Area: 1,411
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,411
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 5
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE FOREST RED RUN
  • Land Acres: 0000000639
  • Standard Land Use Code: 1001
  • County Land Use Code: R-B001
  • Legal Description 1: 27824 SQ FT 134'LF LOTS 27,28 LAKE FOREST RED RUN D C L

Neighborhood

  • School District Name: Garrett County Public Schools
  • Census Tract: 000700

Geography

  • Assessors Map Reference: 57 11 206
  • Account Number: 029731
  • District: 18
  • Parcel: 18-029731
  • Lot: 27,28
  • Latitude: 39.5103
  • Longitude: -79.3771

    Address

  • Full Address: 588 Lake Forest Dr
  • Address - House Number: 588
  • Address - Street Name: Lake Forest
  • Address - Suffix Type: Dr
  • State: MD
  • City Name: Oakland
  • Zip Code: 21550

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $810,602

    Appraisal Valuation

  • Standard Deviation: 0.2498
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 64
  • Final Value: 942,474
  • High Value: 1,177,995
  • Low Value: 706,952

    Market Valuation

  • Market Total Value: $839,300
  • Market Land Value: $435,200
  • Market Improvement Value: $404,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $654,767

    Sales

  • Current Sale Contract Date: Aug 27, 2019
  • Current Sale Recording Date: Sep 03, 2019
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 21, 1998
  • Previous Sale Amount: $320,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Garrett


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 285 Lakeshore Drive, OAKLAND, MD, 21550

$4,285 /mo

  • 5 Beds
  • 4 Baths
  • 2,593 ft²
285 Lakeshore Drive, OAKLAND, MD, 21550 Listing by Terring H Wang


Frequently Asked Questions

When was property at 588 Lake Forest Drive built and last sold?
The property at 588 Lake Forest Drive was built in 1956 and last sold on Aug 27, 2019 for $600,588.
How much is this home worth?
The estimated value of the home located at 588 Lake Forest Drive is $0.
What are some comparable homes to 588 Lake Forest Drive?
There are currently no comparable homes to 588 Lake Forest Drive.