421 Penn Cove Rd Oakland, MD 21550
Estimated payment $9,947/month
Total Views
1,646
4
Beds
3.5
Baths
4,284
Sq Ft
$373
Price per Sq Ft
Highlights
- 169 Feet of Waterfront
- Fishing Allowed
- Wood Burning Stove
- 1 Dock Slip
- Lake View
- Recreation Room
About This Home
Exquisite Lakefront Log Home Retreat at Deep Creek Lake.
Nestled on a private, wooded 1-acre lot with 169 feet of pristine lakefront along a serene cove on the southern end of Deep Creek Lake, this well-maintained log home offers the perfect balance of rustic charm and luxurious lakefront living.
From the moment you arrive, the home’s park-like setting and lush landscaping welcome you into a world of tranquility. Step onto the expansive lakeside deck—partially covered for year-round enjoyment—and take in sweeping views of the water, the perfect backdrop for entertaining or peaceful morning coffee.
Inside, this spacious 4,284 sq. ft. retreat spans three levels and features 4 bedrooms and 3.5 fully updated baths. The main level primary suite boasts lake views, a walk-in closet, private bath, and direct access to the deck, offering comfort and privacy. Two of the upper-level bedrooms share a beautifully updated bath, both enjoying stunning lake views.
The heart of the home includes a grand lakeside great room with panoramic views, and an adjacent billiards room, both with forced-air heat and central A/C—plus a warm and inviting living room with an elegantly finished stone fireplace illuminated by spotlights. The open-concept kitchen features updated appliances, tile countertops, and a counter-height peninsula flowing seamlessly into the dining area, which also walks out to the lakeside deck.
The finished walk-out lower level is designed for relaxation and recreation with a family room featuring a wood stove set in a custom stone wall, plus a spacious rec room—all with access to a lakeside patio. A shared three-quarter bath on this level ensures comfort for guests.
Boating enthusiasts will appreciate the Type A dock permit, allowing two power boats—ideal for enjoying Deep Creek Lake to the fullest. A two-car attached garage and additional one-car integral garage provide ample storage, with extra driveway space for guests.
Whether it’s the intimate indoor details or the unmatched outdoor setting, this one-of-a-kind lakefront home delivers the ultimate Deep Creek Lake experience. Don’t miss this rare opportunity to own a luxurious escape in one of the region’s most peaceful coves.
Schedule your private showing today and experience lake living at its finest.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,235
Year Built
- Built in 1986
Lot Details
- 1.04 Acre Lot
- 169 Feet of Waterfront
- Home fronts navigable water
- Landscaped
- Wooded Lot
- Property is zoned LR1
HOA Fees
- $6 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- 5 Driveway Spaces
- Garage Door Opener
Home Design
- Log Cabin
- Block Foundation
- Stone Siding
- Log Siding
- Cedar
Interior Spaces
- Property has 3 Levels
- Whole House Fan
- Ceiling Fan
- Wood Burning Stove
- Gas Fireplace
- Great Room
- Family Room
- Living Room
- Dining Room
- Recreation Room
- Game Room
- Lake Views
- Laundry Room
Bedrooms and Bathrooms
- En-Suite Primary Bedroom
Finished Basement
- Heated Basement
- Walk-Out Basement
- Connecting Stairway
- Garage Access
Outdoor Features
- Canoe or Kayak Water Access
- Private Water Access
- Property is near a lake
- Limited Hours Of Personal Watercraft Operation
- Swimming Allowed
- Limit On Boat Length
- 1 Dock Slip
- Physical Dock Slip Conveys
- 2 Powered Boats Permitted
Utilities
- Forced Air Heating and Cooling System
- Window Unit Cooling System
- Heating System Powered By Owned Propane
- Hot Water Baseboard Heater
- Electric Baseboard Heater
- Well
- Electric Water Heater
- Septic Equal To The Number Of Bedrooms
Listing and Financial Details
- Tax Lot 5
- Assessor Parcel Number 1218041006
Community Details
Overview
- Penn Cove Properties Subdivision
Recreation
- Fishing Allowed
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,235 | $1,254,900 | $467,100 | $787,800 |
| 2024 | $12,893 | $1,101,300 | $0 | $0 |
| 2023 | $11,099 | $947,700 | $0 | $0 |
| 2022 | $9,305 | $794,100 | $404,600 | $389,500 |
| 2021 | $9,081 | $774,900 | $0 | $0 |
| 2020 | $8,857 | $755,700 | $0 | $0 |
| 2019 | $8,632 | $736,500 | $404,600 | $331,900 |
| 2018 | $8,145 | $736,500 | $404,600 | $331,900 |
| 2017 | $8,146 | $736,500 | $0 | $0 |
| 2016 | -- | $742,900 | $0 | $0 |
| 2015 | -- | $742,900 | $0 | $0 |
| 2014 | -- | $742,900 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/24/2025 07/24/25 | For Sale | $1,599,000 | 0.0% | $373 / Sq Ft |
| 07/03/2025 07/03/25 | Pending | -- | -- | -- |
| 06/27/2025 06/27/25 | For Sale | $1,599,000 | -- | $373 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $441,000 | -- | |
| Deed | $235,000 | -- | |
| Deed | $61,200 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $175,000 | No Value Available | |
| Closed | -- | No Value Available |
Source: Public Records
Similar Homes in Oakland, MD
Source: Bright MLS
MLS Number: MDGA2009884
APN: 18-041006
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