Railey Realty Spring 2021 Resort Report Newsletter

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e k a L k e e r C p e e D e Th RESORT REPORT

Volume 14 Issue 1, Spring 2021 | 301.387.2000 • 301.387.2900 • www.Railey.com | 866.544.3223 • www.DeepCreek.com

In This Issue... How’s the Real Estate Market? Thousand Acres Community Expands Golf Course Silver Tree Marine Adds New Boat Ramp and Docks New Waterlines Installed Across Deep Creek Lake Wisp Resort Celebrates a Successful Winter Season Electric Car Chargers Installed Beside Railey Realty Current Mortgage Rates and News…

Railey Realty Closes Record High Residential Sale

Following a record-breaking year for luxury home sales in 2020, Railey Realty closed the highest recorded residential sale in Garrett County and Deep Creek Lake history. The home, located in the prestigious Holy Cross community, sold for $3,900,000 in March 2021. The previous record high sale was $3,550,000, for a home sold by Railey Realty on Turkey Neck Road in 2020. Prior to that, the highest sale recorded was in 2010, at $3,500,000 for a home sold in Holy Cross.

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Thousand Acres Community Expands Golf Course

Under new management, the Thousand Acres Golf Club is working on expanding their incredible 9-hole course to a full 18-hole championship golf course! The first 9 holes, completed in 2009, offer a serene atmosphere nestled on the southern end of Deep Creek Lake.The second 9 holes will bring the same attention to detail and beautiful scenery. Construction on the remaining holes is well underway and is scheduled to be completed by the end of this summer and open for players next spring. This expansion is a wonderful

benefit to the Deep Creek Lake area, especially for the Thousand Acres and Sky Valley communities. Thousand Acres Golf Club is currently accepting new members, with member benefits including member-only playing times, advanced tee-time booking, a full calendar of events and outings, and an opportunity to play the new holes in advance of the general public. Railey Realty has been a leading force selling premier lakefront and golf course lots, with never before sold property soon to be offered. If you’re interested in purchasing

in the Thousand Acres Community, Railey Realty is here to help! This completed course will be the fourth 18-hole course in Garrett County. Visit www.LivePlayGolf.com for more information.

Silver Tree Marine Adds New Boat Ramp and Docks

Local marina Silver Tree Marine recently began work on their new lakeside site on Deep Creek Drive. Silver Tree Marine currently has a service facility located on the very northern end of Deep Creek Drive, storage facilities on Rock Lodge Road, and rental and fuel docks located lakefront at Silver Tree Center off of Glendale Rd. The new site on Deep Creek Drive will allow

the marina to put in boats much closer to their facility, reducing traffic around the lake, and allowing for close proximity to a service center for their clients. In addition to boat ramp, STM will also be adding seven dock slips for their clients and customers. The boat ramp will not be open for public use, but inquiries about leasing a slip can be sent to info@silvertreemarine.com.

Railey Realty Sold Listings

948 Holy Cross Dr Lakefront $3,900,000 - 03/21

299 Cherry Heights Ln Lake Area $985,000 - 01/21

89 Highline Drive Ski-In/Ski-Out $650,000 - 02/21

20160 Garrett Hwy 301

Lakefront $300,000 - 01/21

204 North Lake Drive Lake Area $457,000 - 10/20

125 Ruta Lane Lake Access $751,000 - 11/20

165 Greenbrier Dr Lake Area $755,000 - 11/20

1118 Mountainview Dr Lake Access $2,300,000 - 04/21

53 Snowshoe Court Ski-In/Ski-Out $635,000 - 01/21

60 Gallatin Drive Lake Area $460,000 - 03/21

118 Silver Tree Lane Lakefront $1,200,000 - 12/20

1541 Rock Lodge Rd Lake Access $765,000 - 10/20

14 Winding Way Ski-In/Ski-Out $315,500 - 04/21

310 Winding Trl Ln 11A

3281 Turkey Neck Rd Lakefront $1,200,000 - 10/20

881 Pinnacle Drive Lake Access $675,000 - 01/21

827 Crows Point Rd Lakefront $2,190,000 - 03/21

114 Barbaras Way Lake Area $499,000 - 02/21

Lake Area $459,900 - 01/21

For a complete, updated list of all our sold listings, please visit www.railey.com/sold-properties.



The Deep Creek Lake Resort Report New Waterlines Installed Across Deep Creek Lake

In efforts to better service McHenry with public water, Garrett County has installed new water lines that connect the McHenry Public Water System with Thayerville Public Water System, creating the Deep Creek Lake Water System. This new system will provide the southern end of Deep Creek Drive with public water and allow for a more reciprocal system and ultimately more water to McHenry. This new line will also

allow for more reliable water for fire suppression systems and the ability to add a fire hydrant on Rock Lodge Road. It also will allow for future public water expansion. During the permitting process, it was decided that the sewer lines should also be replaced. While there were no issues with the current sewer lines, the new lines installed are rated for a lifespan of 100 years and are made for waterways. The project

Wisp Resort Celebrates a Successful Winter Season

General Manager of Wisp Resort, Ron Hawkes, was happy to report a successful winter season despite restrictions and modifications in place due to COVID-19 health & safety concerns. To help keep staff and guests safe, Wisp Resort limited

the amount of tickets sold to limit the number of people on the mountain. The slopes were open for 107 total days and sold out entirely 14 of those days. Snow tubing sold out almost every weekend, too. Now that winter is over, Wisp Resort

was started in late fall of 2020 and is projected to be completed and operational by the end of 2021. The project is being completed by local company Byco.

is ready for Summer! Wisp offers many Spring and Summer activities, including golf at Lodestone and Fantasy Valley, mountain coaster, adult zip-line course, aerial obstacle courses, disc golf, archery, and kayak and paddleboard rentals.

Electric Car Chargers Installed Beside Railey Realty Office As part of First Energy Corp’s EV Driven program, new electric vehicle (EV) chargers were installed at the Garrett County Chamber of Commerce Visitors Center. Two fast chargers, capable of charging an electric vehicle to 80% in an hour or less, and one Level 2 charger, which

Local Happenings and News…

NEW Cabin Lodge Grill opened beside Lakeside Creamery! This roadside food stand offers a wide variety of Americana food, including burgers, fries, and new favorites like Nashville Hot Chicken and Chicken in a Waffle Cone. Another perk - Cabin Lodge Grill is accessible by car and boat! This new spot pays homage

can deliver 8-24 miles per hour of charge, for up to four hours total. These chargers were installed by Potomac Edison, a division of First Energy Corp. EV chargers have also been installed by Potomac Edison at Garrett College and the Oakland Municipal Town Parking Lot.

to the Cabin Lodge Grill that was located along the shores of Deep Creek Lake many decades ago. This restaurant is the latest addition from local business owner Bill Meagher. Stop by and try it out or order online for a quick and easy pick-up! Find out more at CabinLodgeGrill.com or find them on Facebook!

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Upcoming Events.... Fire on the Mountain – July 4 Art & Wine Festival – Sept. 11 Autumn Glory Festival – Oct. 13-17


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RESORT REPORT 2 Vacation Way, McHenry, Maryland 21541




Spring 2021

301.387.2000 • 301.387.2900 www.Railey.com • www.DeepCreekLake.com

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2 Vacation Way McHenry, Maryland 21541

19567 Garrett Highway Oakland, Maryland 21550

The goal of this newsletter is to keep you informed on the local real estate market, along with keeping you in touch with the issues impacting this market. We will also attempt to bring you interesting stories about the people and heritage that make Deep Creek Lake and Garrett County, Maryland such a special place.

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It is not our intention to solicit clients from other Brokers or Property Managers with this newsletter. If your property is currently listed for sale or managed with another company, please consult that company.

No Transaction Fees Focused ONLY on the Market that Means the Most to You!

* All data obtained from BrightMLS for the period 1/1 - 12/31/2020. All data is believed to be accurate, but not guaranteed. Updated 1/2021.

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