723 PINNACLE DRIVE
About This Property
The upper level is dedicated to a spacious primary suite with private deck, sitting area, walk-in closet, with a seperate area for owner lock up storage. The spa like bath has a large jetted tub and a shower. Just outside the bedroom is a loft overlooking the great room.
Lower Level one includes a spacious family room with a second stone fireplace and a wet bar, two bedrooms a full baths with a tub shower and a seperate shower. A laundry room completes the picture.
Lower Level two offers a game room for family fun and an additional full bath. Also a seperate room for storage, ski equipment, or owners lock up area. Step out to the hot tub to warm up and relax after skiing or being on the lake.
Enjoy wraparound decks on three levels with a covered dining and covered hot tub area. The lake access is minutes away with a clubhouse, picnic area, and swimming and kayaking on Deep Creek Lake. There is also a tennis court for the neighborhood! This home has an impressive annual rental income of $81,000–$90,000. Located just five minutes from Deep Creek Lake State Park, and close to Wisp Ski Resort for four-season recreation!
Call today to preview the many features this Mountain Lake Property has to offer!
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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 |
|---|---|---|---|
| Jan 29, 2026 | Listed by Railey Realty, Inc. | $949,000 | |
| Listed by Railey Realty, Inc. | |||
| Sep 27, 2025 | Price Decreased |
$974,900
↓ $50K
(4.9%) | |
| Price Decreased | |||
| Aug 21, 2025 | Listed | $1,024,900 | |
| Listed | |||
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Rare Lake Mountain Chalet – The Perfect Vacation Rental & Retreat with $90K+ annual revenue. Tucked into the hillside just one road back from Deep Creek Lake, and one of the largest in the area. This 4-level, 5-bedroom, 5-bath home combines privacy, convenience, and exceptional rental potential. Currently one of the area’s most sought-after and successful Airbnb destinations, it offers investors proven income and buyers a spacious getaway to enjoy with family and friends. All furniture conveys, making this a true turn-key investment—ready to go with systems in place to simplify hosting and maximize revenue.
The design offers multiple gathering areas, a game room, and open living space across four levels—perfect for hosting large groups. Relax in the hot tub, gather around the fire pit, or take in seasonal lake views from the multi-tiered deck.
All-season versatility ensures year-round appeal: spend summers on the lake, enjoy fall foliage hikes, ski Wisp in the winter, and explore trails in the spring. Community amenities include lake access and tennis courts. Conveniently located near Deep Creek State Park and just 4 miles to Wisp Ski Resort, this chalet delivers both lifestyle and income-producing potential.
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| Oct 8, 2021 | No longer available | - | |
| No longer available | |||
| Dec 30, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017