$10,000

closing credit¹

383 Penn Cove Rd Oakland, MD 21550

$1,599,000
5 beds
3 full
2,080 sqft
1.1 acres
$769 / sqft
House

Property details

About 383 Penn Cove Rd

This lovely lakefront two-level ranch house is well-sited on a gently sloping 1.11 acre lot on a quiet cul-de-sac in the private Penn Cove community. The home offers beautiful views of the lake from nearly every room. With five spacious bedrooms (one of which is brand new) and a bonus room, there is ample space for accommodating family and guests. The kitchen and bathrooms have been recently updated. The main family room, featuring a stunning natural stone fireplace, is bathed in natural light from vaulted ceilings and skylights, and opens onto a deck that is an ideal spot for grilling and outside dining. The spaciousness of the lower-level means there is plenty of room for a tv viewing area, a pool table, exercise equipment, a laundry room, a utility room, and storage closets. This level also opens onto a spacious lower deck that is perfect for entertaining or relaxing in the hot tub. The lot has 157 feet of pristine shoreline, offering a private sanctuary for relaxation and recreation. A Class A dock with an extra wide sitting section is ideal for sunbathing, watching sunsets, or jumping off into the tranquil waters of Penn Cove. Penn Cove is a 24/7 minimum wake zone, ensuring calm waters for swimming, paddleboarding, and kayaking - all without the noise of speeding power boats and jet skis! Offering a large circular driveway, the property ensures easy boat maneuvering and ample guest parking. In addition, the property comes with a spacious detached garage that can accommodate two large boats, an upper shed for lawn maintenance equipment, and a lower shed for storing wakeboards, kayaks, tubes, and paddleboards. The large outdoor space also includes a tunnel slide and playground area for kids to enjoy. Despite its secluded setting, the home is conveniently located just minutes from restaurants, grocery/convenience stores, downtown Oakland, and Wisp Mountain. Call today to preview this gem and discover the perfect blend of lakeside fun, privacy, and convenience!

Highlights

Home typeSingle Family Residence
HeatingForced Air
StatusActive
(ACTIVE)
CoolingCentral Air
Size2,080 sqft
BasementYes
Lot size1.11 Acres
Year built1986
ParkingGarage - Front Entry, Detached Garage
MLS #MDGA2008572
Garage2 spaces
FireplaceStone

Summary

  • MLS Number: MDGA2008572
  • MLS Name: BRIGHT
  • Office Name: Taylor Made Deep Creek Vacations & Sales
  • Office Phone: (301) 387-4700
  • Listing Agent: Elizabeth S Spiker Holcomb

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 7:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

view of front of home featuring a front yard and a wooden deck

$1,599,000

383 Penn Cove Rd

$10,000

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Aug 12, 2008
Home Sold
$963,000

Tax history

YearAssessmentProperty Tax
2024$880,933$10,319
2023$769,067$9,012
2022$657,200$7,676
2021$653,700$7,594
2020$650,200$7,583
2018$635,867$7,036
2017$625,033$6,918

History based on county public records data.

Nearby schools

7

Broad Ford Elementary School

Public District PK-5

4.9 mi

607 Harvey Winters Dr

5

Yough Glades Elementary School

Public District PK-5

6.4 mi

70 Wolf Acres Dr

7

Crellin Elementary School

Public District KG-5

9.5 mi

115 Kendall Dr

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $53,750. Most Oakland, MD residents have annual incomes less than $<35k. Most families are married, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

37%
<35k
36%
35k-100k
25%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

40%
Single, No Kids
4%
Single, with Kids
41%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

9%
<11 yrs old
8%
12-17 yrs old
11%
18-34 yrs old
49%
35-64 yrs old
23%
65+ yrs old

What do the neighbors do for fun?

  • HuntingHunting
  • Figure SkatingFigure Skating
  • NASCARNASCAR

Where do the neighbors shop?

  • DillardsDillards
  • Dollar GeneralDollar General
  • Dick's Sporting GoodsDick's Sporting Goods

Where do the neighbors go to eat?

  • Cracker BarrelCracker Barrel
  • ApplebeesApplebees
  • Texas RoadhouseTexas Roadhouse

What do the neighbors drive?

  • CadillacCadillac
  • SubaruSubaru
  • RamRam

What do the neighbors listen to?

  • News/Talk/InformationNews/Talk/Information
  • Classic CountryClassic Country
  • New CountryNew Country
All data provided by Home Junction and Claritas

Similar homes for sale

Frequently asked questions

About 383 Penn Cove Rd

This home is located at 383 Penn Cove Rd in Oakland, MD and zip code 21550. This 2,080 square foot home, which was built in 1986, sits on a 1.11 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 7, 2024 and is currently priced at $1,599,000.

Oakland, MD housing market in January 2025 saw over 1 listings sold above listed price, more than 3 sold at listed price and over 5 sold below. The number of listings in Oakland, MD decreased by 4.2% between December and January 2025. In January 2025 median list price was $375,000 and the average listing age was 60 days.

From Rocket Homes Real Estate and based on county public records data.

More resources