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164 Susan's Way – GA7301782 – Deep Creek Lake Real Estate for Sale

I had a chance to preview this house for a client on Tuesday and took a few photos. The house has an amazing location, fronting on the Wisp Golf course. It has big views of the Wisp ski slopes, and is surrounded by water – community and golf course ponds. Very peaceful setting. It’s a new listing from Dawn Monahan, and here is a link to some more information. It is priced at $450,000, which is a little less than the norm for an incoming producing property with these kind of views and amenities.

From 164 Susans Way

From 164 Susans Way

From 164 Susans Way

From 164 Susans Way

From 164 Susans Way

From 164 Susans Way

It is an established rental and would make a great vacation home or investment property!

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350

Suites at Silver Tree – Deep Creek Lake Condominiums

Community Profile: Silver Tree Suites at Deep Creek Lake via DCLinfo.com

Search for real estate for sale at Silver Tree Suites

Located on one of the last open parcels of lakeshore on Deep Creek Lake, Silver Tree Suites boasts unobstructed views of the lake and shoreline as well as a variety of impeccably kept outdoor spaces including outdoor fireplaces, fire-pit, beautiful decks and patios, all within easy walking distance to the Silver Tree Marina, and the historic Silver Tree Inn.

The historical precedent set by the Silver Tree Inn (independent restaurant connected to Silver Tree Suites) forms the cornerstone of the architectural design. The Inn, dating to just after World War II, was originally used as a lodge and later purchased and operated by the Lascaris family for over 27 years as one of the finest restaurants in the area.

Silver Tree Suites draws on many architectural icons from the historic Inn including use of heavy timber, and indigenous stone The lobby areas also incorporate dramatic use of timber trusses and opposing fireplaces similar to the original Inns dining room, attempting to reinterpret the original lodge feeling.

Special Features

2 buildings comprised of 50 total units – (Building A = 40 and Building B = 10)

Studio Hotel Suites

One Bedroom Hotel Suites

Studio Hotel Suites with Loft

One Bedroom Hotel Suites with Loft

Lake Views or Standard Units.

Most units each have an exterior deck. All units each have a gas fireplace & living room.

Located next door to Silver Tree Inn Restaurant & Silver Tree Marina.

Close proximity to virtually all Deep Creek Lake activities & Deep Creek Lake State Park.

A fitness center will have a Sauna and equipment to keep you trim and fit while on vacation.

The exterior deck will feature views of Deep Creek Lake State Park and Adirondack chairs to saok up the sun. A sun deck, covered porch and outdoor fireplace complete the picture.

A coffee shop with a sundries shop is
located lakeside right by the lakeside fireplace area.

The reading loft offers a great place to curl up with your favorite book
whether it be a day when snowflakes gently fall from the skies, or when
the leaves turn their golden colors in the fall. Designed to be a quiet
recluse for owners and guests enjoyment.

Located on one of the most prime lakefront on Deep Creek Lake, Silver Tree Suites boasts of unobstructed views of the lake, shoreline and surrounding Maryland mountains.

Level grounds, a luxury in lakefront properties, is inherent to this parcel.

Contact
567 Glendale Road
Oakland, MD 21550
(301) 387-0650

Suites at Silver Tree

*information is believed to be accurate but is not guaranteed.

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350

The best way to rent/sell your vacation home at Deep Creek Lake

If anyone reading this wants to offer up their rental house for a Deep Creek Lake reality show, I’ll be happy to pitch the idea. It’s really not a new concept, in terms of having ‘celebrity’ homes at Deep Creek Lake, but it sure is an interesting proposal to pick up vacation rentals or real estate sales. There are some current & past NFL players, NFL owners and a few other miscellaneous celebs that still own property here at the lake, so maybe their houses are available for the Deep Creek Lake reality show project…”Deep Creek Shore”, anyone??
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Reality Show Real Estate via CNN.com

(CNN) — Want to rent the “Jersey Shore” house in Seaside Heights, New Jersey? It’ll cost you.

What used to be just one of the many homes along Seaside Heights’ stretch of boardwalk is now a prime rental property that can cost as much as $4,000 a night, said the property’s broker, Mike Loundy of Seaside Realty.

On the low end, the property rents for $1,800 a night for a three-night minimum, but as availability decreases, the per-night cost will go in the opposite direction, although Loundy is quick to note that the owners are flexible with pricing.

Since production on the reality show wrapped, the house has been rented for a variety of uses, from a Sweet Sixteen bash — $4,400 total for the night, which included access to the whole house plus a DJ and catering — to a production set for a few television personalities who thought it would be fun to stay there with cameras of their own.

The house is open for anything that’s legal, and business, Loundy said, has been brisk, even for other houses.

“No one that I know of could see how popular the show [has become],” he said. “Our rentals in the area overall are up because they’re in proximity to that house. People are star-struck by the idea of staying here.”

Read the rest of the article here

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Long & Foster Real Estate for all of your real estate needs! 877-563-5350

Commissioners retract proposed hotel/motel tax increase bill

Jay’s note: Even though the legislation would not have REQUIRED a rate increase, it still gave the commissioners authority to raise it at any time. I agree with Nancy Railey’s take on this, as every dollar spent would be one less dollar that is spent on local goods, dining, souvenirs, and typical ‘fun’ things you do while on vacation. Just like everyone else, the commissioners will have to learn to not spend so much money and budget during these lean times. $1.5 million (what they currently receive) is a pretty good chunk of change for merely an accomodations tax.

Megan Miller
Cumberland Times-News

OAKLAND — The Garrett County Commission retracted one of its legislative requests for the 2010 session Thursday, citing concerns by local businesses that the measure would negatively impact the county’s tourism industry.

The commission had requested legislation that would have enabled it to increase the hotel rental tax from 5 percent to a maximum of 8 percent. That increase would not have been implemented all at once, but in increments and as needed, said County Administrator Monty Pagenhardt.

“Back in November when we presented our legislative list to Delegate (Wendell) Beitzel and Sen. (George) Edwards, the plan was to increase the tax to 6 percent for fiscal 2011, which would have generated more than $300,000 for the county,” Pagenhardt said. The money would have been used to fund economic development and tourism, as required by state statutes, he explained.

But Pagenhardt said the commission unanimously agreed to retract the legislative request after hearing concerns from businesses that the measure would hurt the county’s tourism industry, driving down income from vacation rentals.

“The commissioners reviewed data presented by rental companies, and just decided it wasn’t the right time to do it,” Pagenhardt said.

At the Nov. 17 meeting where the commissioners presented their legislative wish list, Nancy Railey of Railey Mountain Lake Vacations gave a presentation opposing the tax increase. Railey told the commissioners at that time that visitors would probably still travel to Garrett County if the tax was increased, but each dollar they had to spend on taxes would be a dollar they wouldn’t spend on local goods and services.

It’s the second year in a row the enabling legislation has been requested but not passed. It was introduced in the 2009 General Assembly but died in committee because of what Beitzel said was an administrative mistake in Annapolis.

For now, the hotel rental tax rate will remain at 5 percent, the highest it can go under the existing legislation. The tax currently brings in about $1.5 million per year to the county.

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Long & Foster Real Estate for all of your real estate needs! 877-563-5350

Vacation rental agencies voice opposition to tax increase

OAKLAND — Garrett County Administrator Monty Pagenhardt said he was surprised by the amount of opposition Tuesday from local rental housing representatives to the county commissioners’ request to be able to increase the hotel rental tax from 5 percent to 8 percent.

Sen. George Edwards and Delegate Wendell Beitzel attended Tuesday’s public meeting to hear the commissioners’ wish list for the 2010 General Assembly and to see if they could help those desires become political reality. Should such legislation become law, it would enable, but not require a tax increase.

At the current rate of 5 percent, the tax brings $1.5 million into the county, according to Wendy Yoder, director of finance. “Each percentage increase above that will generate another $300,000,” Yoder said. She based that estimate on existing rental activity.

That revenue, according to Commissioner Fred Holliday, can be used for two purposes, for economic development or the funding of the Garrett County Chamber of Commerce.

Nancy Railey of Railey Mountain Lake Vacations used an extensive and detailed presentation to oppose a hike in the tax.

Railey said rental fees for people visiting Deep Creek Lake have been negotiated to bargain basement prices. “I have never before seen this,” she said. “Tourists are responding to these price cuts and will travel more in 2010 than in 2009. However, they will demand rate reductions of 1.8 percent greater than the reductions in 2009, continuing the decline for another year.”

Railey said the number of reserved nights at her company have declined below 2002 levels and the fact that her market share (45 to 50 percent) has held steady reflects that other hosts have experienced the same drop-off.

Railey said the visitors will come, but when they have to spend a dollar more because of a tax hike it will be a dollar that is not spent on local goods and services.

Pagenhardt said the potential for a tax hike was not news to the local rental moguls.

“This legislation was introduced in the 2009 General Assembly. In fact, they knew that if the bill passed it would increase the tax to 6 percent this past July 1 and many agencies had already booked rentals based upon that amount.”

The bill, however, did not pass, because of what Beitzel called a last-minute administrative foul-up in Annapolis.

Others opposed a hotel rental tax boost.

Rob Michael, chairman of the board for the chamber of commerce, said he misses the golden days when Deep Creek Lake was visited by families with small children. He said those visitors can no longer afford a lakeside vacation. “Have we priced ourselves out?” he asked.

Michael referenced Big Bear Lake in neighboring Preston County, W.Va., as a place that still offers such family trips. “We don’t see that dynamic any more,” he said. “Be careful. Increasing the tax even 1 percent is a detriment. Word is out. A vacation in Garrett County is getting to be expensive.”

Ruth Seib of Coldwell Banker said she is not sure that raising the tax would bring additional revenue because of a combination of fewer visitors and declining rates.

Bill Weissgerber of Railey Realty asked that the $300,000 that would be generated by a 1 percent increase in the tax be raised by resurrecting a tax on beer in the county.

Karen Myers, owner of The Wisp/D.C. Developers, cautioned the commissioners to be very careful in considering an increase in the tax. “Don’t kill the goose that laid the golden egg,” she said.

Edwards and Beitzel said they would once again introduce the enabling legislation if it is the desire of the commissioners.

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Long & Foster Real Estate for all of your real estate needs! 877-563-5350