Sold134d on market
202 Penelacre Ln
Oakland, MD, 21550 • 21550 • Garrett County
$975,000
$592/sqft
3Beds
2Baths
1,648Sqft
0.48 acLot
1985Built
Property DNA
On the Deep Creek Lake
Private Dock Site, Lake, Boat - Length Limit, Boat - Powered, Canoe/Kayak, Fishing Allowed, Limited hours of Personal Watercraft Operation (PWC), Swimming Allowed, Waterski/Wakeboard
Scenic Views
Lake · Mountain(s)
Bungalow Style
Built 1985 · 41 years of history
Penelacres
21550
1 Fireplace
Free Standing
Special Features
Above Grade · Below Grade
2-Car Garage
Garage Faces Front · Detached · Driveway
This home is in high demand
Listed 134 days ago · 15 views · Top 1% likely to sell soon
Market activity
Demand and pricing signals for this listing
15 views
People checking out this listing
134 days on market
Established listing
$592/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 1% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1985
Welcome to 202 Penelacre Lane – a rare opportunity to own 97 feet of serene lakefront on one of Deep Creek Lake’s most sought-after roads. Nestled on a flat, easily accessible lot, this 3-bedroom, 2-bathroom home offers effortless one-level living and a front-row seat to Western Maryland’s four-season beauty along with a Type-A dock permit. Inside, you’ll find a spacious open-concept kitchen, dining, and family room area that’s perfect for entertaining or cozy nights in. Wake up to the peaceful sounds from the lake with your private lakefront sunroom — an ideal spot for your morning coffee or a relaxing evening with friends. A detached two-car garage adds convenience and storage, especially during the snowy winters. And with public sewer in place, this property is ripe with expansion potential — whether you're dreaming of a larger home or a modern renovation. Located in the heart of the Deep Creek Lake watershed, you’ll be just minutes from Wisp Resort for skiing and snowboarding, the ASCI whitewater course, and the championship Lodestone Golf Course. Whether you’re looking for a peaceful weekend getaway or a full-time lakefront lifestyle, 202 Penelacre Lane offers unmatched location, comfort, and potential. Don’t miss your chance to own a slice of Deep Creek Lake paradise.
Standout features identified
Our analysis highlights serene lakefront, private lakefront sunroom, and flat easily accessible lot as key attractions of this home.
Estimated monthly payment
Based on current rates
$6,001/month
Principal & Interest$4,701
Property Tax$975
Insurance$325
Down payment20% ($195,000)
3%50%
Est. 6.05% rate · 30yr fixed · $780,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1985
HeatingBaseboard, Other, Electric, Propane
CoolingCeiling Fan(s), Electric
Parking2 Garage spaces
Lot0.48 Acres
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleBungalow
ConditionVery Good
Year built1985
Stories1
Systems
HeatingBaseboard, Other, Electric, Propane
CoolingCeiling Fan(s), Electric
RoofShingle
ConstructionFrame
Water / SewerPublic, Well / Public Sewer
Parking & Outdoor
ParkingGarage Faces Front, Detached, Driveway
Garage2 spaces
Fireplaces1
Lot0.48 Acres
Location & Tax
Neighborhood21550
ZoningR
Annual tax$7,734
Parcel18039958
Bathrooms & Fees
Full baths2
Features & details
11 categories of property features
Interior Features
Appliances
Electric Water Heater
Heating
Baseboard
Other
Electric
Propane
Cooling
Ceiling Fan(s)
Electric
Fireplace
Free Standing
Accessibility
None
Exterior Features
Parking
Garage Faces Front
Detached
Driveway
Construction
Frame
Lot Features
Wooded
Views
Lake
Mountain(s)
Pool Features
None
Other Structures
Above Grade
Below Grade
Room details
1 room detailed
Basement
0
Listing insights
Market data and value estimates
StatusSold
Days on market134
Est. value$964,200
Est. rent$1,856/mo
Tax rate0.83%
Price/sqft$592
On marketSep 22, 2025
PostedSep 22, 2025
Last sold$975,000
MLS updatedNov 25, 2025
Tour days6
Views15
How are the schools in Oakland?
3 schools rated nearby
Location
Oakland, MD, 21550
Price history
3 events
DateEventPrice$/sqftSource
Nov 24, 2025Sold$975,000$592Bright MLS
Oct 4, 2025Contingent$1,199,000$728Bright MLS
Sep 22, 2025Listed For Sale$1,199,000$728Bright MLS
Sold$975,000
Nov 24, 2025•$592/sqft•Bright MLS
Contingent$1,199,000
Oct 4, 2025•$728/sqft•Bright MLS
Listed For Sale$1,199,000
Sep 22, 2025•$728/sqft•Bright MLS
Tax history
25 years of records
YearTax paidAssessed value
Apr 8, 2025$4,019$736,700
Apr 8, 2024$7,734$662,133
Apr 8, 2023$6,863$587,567
Apr 8, 2022$5,992$513,000
Apr 8, 2021$5,983$512,233
Apr 8, 2020$5,974$511,467
Apr 8, 2019$5,965$510,700
Apr 8, 2018$5,627$510,700
Apr 8, 2017$8,038$510,700
Apr 8, 2016—$512,700
Apr 8, 2015—$512,700
Apr 8, 2014—$512,700
Apr 8, 2013—$664,100
Apr 8, 2012—$664,100
Apr 8, 2011—$664,100
Apr 8, 2010—$668,400
Apr 8, 2009—$640,380
Apr 8, 2008—$612,360
Apr 8, 2007—$584,340
Apr 8, 2006—$509,480
Apr 8, 2005—$434,620
Apr 8, 2004—$359,760
Apr 8, 2003—$327,340
Apr 8, 2002—$294,920
Apr 8, 2001—$262,500
Nearby homes
Neighborhood details
Local context around this listing
Oakland, MD • Garrett County
Nearby cities
AccidentBartonBittingerFriendsvilleFrostburgGrantsvilleLonaconingMc Henry
Nearby zip codes
21541
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