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.
Sold for $975,000 on 11/24/25
$975,000
202 Penelacre Ln, Oakland, MD 21550
3beds
1,648sqft
Single Family Residence
Built in 1985
0.48 Acres Lot
$975,200 Zestimate®
$592/sqft
$1,656 Estimated rent
Owner options
What's special
Zillow last checked: 9 hours ago
Listing updated: November 25, 2025 at 05:00am
Listed by:
Justin Liller 301-616-8384,
Railey Realty, Inc.
Bought with:
Nina Beitzel, 655063
Railey Realty, Inc.
Source: Bright MLS,MLS#: MDGA2010458
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Basement
- Area: 0
Heating
- Baseboard, Other, Electric, Propane
Cooling
- Ceiling Fan(s), Electric
Appliances
- Included: Electric Water Heater
Features
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Free Standing
Interior area
- Total structure area: 1,648
- Total interior livable area: 1,648 sqft
- Finished area above ground: 1,648
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Garage Faces Front, Detached, Driveway
- Garage spaces: 2
- Uncovered spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Pool features: None
- Has spa: Yes
- Spa features: Hot Tub
- Has view: Yes
- View description: Lake, Mountain(s)
- Has water view: Yes
- Water view: Lake
- Waterfront features: Private Dock Site, Lake, Boat - Length Limit, Boat - Powered, Canoe/Kayak, Fishing Allowed, Limited hours of Personal Watercraft Operation (PWC), Swimming Allowed, Waterski/Wakeboard
- Body of water: Deep Creek Lake
- Frontage length: Water Frontage Ft: 97
Lot
- Size: 0.48 Acres
- Features: Wooded
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 1218039958
- Zoning: R
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Crawl Space
- Roof: Shingle
Condition
- Very Good
- New construction: No
- Year built: 1985
Utilities & green energy
- Sewer: Public Sewer
- Water: Public, Well
Community & neighborhood
Location
- Region: Oakland
- Subdivision: Penelacres
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple