1240 Boy Scout Rd, Oakland, MD 21550 | For Sale

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For Sale $4,390,000 ($770.85 per Sq Ft)

$4,390,000 ($770.85 per Sq Ft)
  • (0)
  • 7 Bedrooms
  • 7 Bathrooms
  • 5,695 Sq Ft
  • 2,083,475 Sq Ft

Description

Welcome to Double Eagle Ranch — quite possibly the most beautiful property in Garrett County. This iconic 50-acre estate is set in the heart of Deep Creek Lake and includes its own deeded waterfront parcel with a brand-new dock, giving you private lake access just minutes from the property. Rarely does an offering combine such incredible privacy, natural beauty, and income-producing potential in one place.

The estate features two remarkable homes with a proven rental history generating over $120,000 annually in gross income. The main Aspen-style residence was thoughtfully crafted by the current owners with timeless details such as hand-scraped hardwood floors, plaster walls, three fireplaces, and expansive windows that frame breathtaking views. The home includes five bedrooms, multiple gathering spaces, a gourmet kitchen, a game room, and a spacious mudroom with a dog wash station — all designed for comfort and entertaining.

A second dwelling, known as The Bunkhouse, provides an additional income stream or the perfect setup for multi-generational living, guests, or retreats. Together, the two homes create a turn-key opportunity to generate income that can significantly offset ownership costs while still enjoying the privacy and beauty of this extraordinary estate.

The land itself is nothing short of spectacular. Rolling fields, wooded trails, and five stocked fishing ponds create a landscape that is both usable and serene. The property also includes multiple barns and outbuildings, RV hookups, and ample parking, making it ideal for hosting events, weddings, or retreats. For the visionary buyer, the investment potential extends even further: the property spans two parcels totaling nearly 50 acres, with the possibility to develop up to seven additional homes.

Double Eagle Ranch is more than a home — it’s an opportunity. Whether you envision it as a private retreat, a family compound, or an income-generating estate with multiple streams of revenue, this property offers the best of both worlds: acres of privacy and beauty, plus the financial upside of established rental history and future development potential. With unmatched natural beauty, prime lake access, and a proven income model, this is a once-in-a-lifetime chance to own one of Deep Creek Lake’s most iconic legacy properties.


50 Year Architectural Shingle Roof '21! Filtered and Oxidized Water! Instant Hot! 250+ Electric! The entire farm is wired for a generator! Septic Expanded and Updated in '22!

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

List Price $4,390,000
Property Type Single Family Homes
Usable Sqft 5,695
Number of Stories 0 stories
Parking Spots 6 spots
Year Built 1996
Last Sold Unknown
Sold Price Unknown
Association Amenities: Boat Dock/Slip, Pier/Dock Maintenance
APN # 1218063956
MLS # MDGA2008536
Property ID 321074759
Lot Sqft 2,083,475
Zoning RESIDENTIAL, AGRICULTURAL
Days on Market 363
Original List Price Unknown
Applicances Built-In Microwave,Cooktop,Dishwasher,Disposal,Dryer,Exhaust Fan,Oven - Wall,Refrigerator,Stainless Steel Appliances,Washer%
Date Updated November 15, 2025
Date Created December 10, 2024

Listing Provided By

Charlotte Savoy an agent of . Lic #522658


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Data last updated: December 08, 2025.
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