1240 Boy Scout Rd, Oakland, MD 21550
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
Listed by:charlotte savoy
Office:the kw collective
MLS#:MDGA2008536
Source:BRIGHTMLS
Price summary
- Price:$4,390,000
- Price per sq. ft.:$770.85
About this home
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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Home facts
- Year built:1996
- Listing ID #:MDGA2008536
- Added:313 day(s) ago
- Updated:October 01, 2025 at 01:44 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:7
- Full bathrooms:5
- Half bathrooms:2
- Living area:5,695 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central A/C
- Heating:Electric, Heat Pump(s), Propane - Leased, Propane - Owned
Structure and exterior
- Roof:Architectural Shingle
- Year built:1996
- Building area:5,695 sq. ft.
- Lot area:47.83 Acres
Utilities
- Water:Well
- Sewer:Septic Exists
Finances and disclosures
- Price:$4,390,000
- Price per sq. ft.:$770.85
- Tax amount:$11,266 (2024)
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