1240 Boy Scout Rd, Oakland, MD 21550
Local realty services provided by:Better Homes and Gardens Real Estate GSA Realty
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!
Contact an agent
Home facts
- Year built:1996
- Listing ID #:MDGA2008536
- Added:359 day(s) ago
- Updated:November 15, 2025 at 10:44 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)
New listings near 1240 Boy Scout Rd
$1,800,000Active4 beds 6 baths5,117 sq. ft.3898 3898 Underwood Rd, OAKLAND, MD 21550
MLS# MDGA2010508Listed by: CUSTER REALTY & AUCTION- Coming Soon
$185,000Coming Soon3 beds 3 baths141 Truesdale Rd, OAKLAND, MD 21550
MLS# MDGA2010742Listed by: TAYLOR MADE DEEP CREEK VACATIONS & SALES - New
$150,000Active3.4 Acres3.35 Acres </> 4th St, OAKLAND, MD 21550
MLS# MDGA2010746Listed by: THE KW COLLECTIVE - New
$299,500Active3 beds 3 baths34 Laurel Brook Dr #34, OAKLAND, MD 21550
MLS# MDGA2010732Listed by: TAYLOR MADE DEEP CREEK VACATIONS & SALES - New
$195,000Active1 beds 1 baths460 sq. ft.565 Glendale Rd #204, OAKLAND, MD 21550
MLS# MDGA2010718Listed by: RAILEY REALTY, INC. - New
$260,000Active1 beds 1 baths565 Glendale Rd #103b, OAKLAND, MD 21550
MLS# MDGA2010720Listed by: RAILEY REALTY, INC. - New
$129,900Active1.38 Acres170 San Francisco St, OAKLAND, MD 21550
MLS# MDGA2010726Listed by: COLDWELL BANKER REALTY - New
$39,500Active1.61 AcresFox Tail Rd, OAKLAND, MD 21550
MLS# MDGA2010714Listed by: RAILEY REALTY, INC. - New
$17,000Active0.77 AcresLot 40 Big Piney Dr, OAKLAND, MD 21550
MLS# MDGA2010712Listed by: TAYLOR MADE DEEP CREEK VACATIONS & SALES 
$305,000Pending2 beds 1 baths752 sq. ft.157 Jeffrey Ln #21c, OAKLAND, MD 21550
MLS# MDGA2010698Listed by: TAYLOR MADE DEEP CREEK VACATIONS & SALES
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.