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$1,599,000

421 Penn Cove Rd Oakland, MD 21550

4 beds
3 full, 1 partial
4,284 sqft
1.0 acres
$373 / sqft
House

Property details

About 421 Penn Cove Rd

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.

Highlights

Home typeSingle Family Residence
HeatingForced Air, Wood Stove, Baseboard
StatusActive
(ACTIVE)
CoolingCentral Air, Ceiling Fan(s), Whole House Fan, Window Unit(s)
Size4,284 sqft
BasementYes
Lot size1.04 Acres
Year built1986
ParkingGarage Door Opener, Attached Garage,Driveway
MLS #MDGA2009884
Garage3 spaces
FireplaceGas/Propane
ViewLake

Virtual tour

Summary

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Basement: Yes
  • Interior: Stove - Wood
  • Fireplace: Gas/Propane
  • Total Bedroom Count: 4
  • Garage Space: 3 spaces
  • Parking: Garage Door Opener, Attached Garage,Driveway
  • View: Lake
  • Architectural Style: Log Home
  • Heating: Forced Air, Wood Stove, Baseboard
  • Cooling: Central Air, Ceiling Fan(s), Whole House Fan, Window Unit(s)
  • List Price: $1,599,000
  • Price/SqFt: $373
  • HOA Amount: $70 Annually
  • Annual Tax Amount: $12,893
  • Tax Year: 2024
  • Lot: Landscaped, Wooded
  • Directions: Sand Flat Road to Boy Scout Road to Penn Point Road to Penn Cove Road. Follow to 421 Penn Cove Road on the left.
  • Year Built: 1986
  • Stories: 3
  • Living Area: 4,284 SqFt
  • Lot Size: 1.04 Acres
  • MLS Number: MDGA2009884
  • MLS Name: BRIGHT
  • Office Name: Railey Realty, Inc.
  • Office Phone: (301) 387-2000
  • Listing Agent: Steven C Ritchie
  • Agent Phone: (301) 616-9980
  • Agent Email: steve@railey.com

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: 8/1/2025, 12:45:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2024$1,101,300$12,893
2023$947,700$11,099
2022$794,100$9,275
2021$774,900$8,826
2020$755,700$8,632
2018$736,500$8,145
2017$736,500$8,146

History based on county public records data.

Nearby schools

5

Broad Ford Elementary School

Public District PK-5

4.9 mi

607 Harvey Winters Dr

6

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. The majority of Oakland, MD residents have income less than $<35k annually. Residents typically live in married, no kids family. Residents of this area typically 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

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Frequently asked questions

About 421 Penn Cove Rd

The listing price of 421 Penn Cove Rd property is $1,599,000.

The property 421 Penn Cove Rd is a house located in Oakland, Maryland, 21550.

Active Listing: 421 Penn Cove Rd is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 421 Penn Cove Rd are: Broad Ford Elementary School (GreatSchools Rating 5/10), Yough Glades Elementary School (GreatSchools Rating 6/10), Crellin Elementary School (GreatSchools Rating 7/10), Southern Middle School (GreatSchools Rating 4/10), Terra Alta/East Preston School (GreatSchools Rating 5/10), Northern Middle School (GreatSchools Rating 9/10), Southern Garrett High School (GreatSchools Rating 5/10), Union Educational Complex (GreatSchools Rating 3/10), Northern Garrett High School (GreatSchools Rating 8/10).

According to the records, the last property tax for 2024 is $12,893 (source: MLS/based on county public records data).

The property at 421 Penn Cove Rd has 4 bedrooms and 3 full and 1 half bathrooms.

The property 421 Penn Cove Rd is 4,284 SqFt (source: MLS/tax record).

The year of construction for 421 Penn Cove Rd is 1986.

This home is located at 421 Penn Cove Rd in Oakland, MD and zip code 21550. This 4,284 square foot home, which was built in 1986, sits on a 1.04 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 24, 2025 and is currently priced at $1,599,000.

The inventory of homes for sale in Oakland, MD between May and June 2025 increased by 32.7%. In June 2025 median list price was $475,000 and the average listing age was 106 days.

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

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