Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12 Phase 4, Unit ROAD Mc Henry, MD 21541

    Sponsored
    For Sale
    $899,000

    LAND - MC HENRY, MD

    Lot size:
    1.35 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 27 at 12:06 pm

    Property Features for 12 Phase 4

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.35 Acres

    Utilities

    Water front features
    Waterfront, Navigable Water
    Water front
    1

    We can help!

    Listing Contact
    James Calvin Matthews

    Taylor-Made Deep Creek Vacations & Sales (301) 387-4700

    Listing agent James Calvin Matthews (301) 387-4700 License #5020891

    Listing date Jan 25, 2026

    MLS# MDGA2010370 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lakefront Homesite in Waterside at Wisp

    This 1.35-acre lakefront homesite is located in the Waterside at Wisp community. Lot 12 offers 150 ft. of lake frontage and views of Deep Creek Lake. The property conveys with the seller's previously purchased buy-down (2008). Situated near Wisp Resort, State Parks, and area amenities, this lot combines privacy with year-round recreation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mc Henry
    County
    Garrett
    State
    Maryland
    Longitude
    -79.3500381
    Latitude
    39.53053687

    Nearby Similar for Sale

    • $1,799,900

      Ski Access Chalet at Wisp

      Luxury ski-in/ski-out chalet with mountain views and modern amenities.
      152 Rdg Run Rd, Mc Henry, MD 21541
      View Details
    • $399,900

      McHenry Rancher with Farm Views

      Partially remodeled rancher on 1 acre near Deep Creek Lake.
      6267 Sang Run Rd, Mc Henry, MD 21541
      View Details
    • $1,690,000

      Deep Creek Lake Vacation Rental

      8-bedroom, 7-bathroom vacation rental with lake and mountain views.
      79 Cedar Shores Dr, Mc Henry, MD 21541
      View Details
    • $599,000

      Updated Townhome Near Wisp Resort

      Remodeled 5BR, 5.5BA townhome near Wisp Resort and Deep Creek Lake.
      147 Marsh Hill Rd, Mc Henry, MD 21541
      View Details
    • $879,900

      Ridgetop Chalet Near Lodestone Golf

      New-build chalet with high-end finishes near Deep Creek Lake.
      116 Chimney Rock Ln, Mc Henry, MD 21541
      View Details
    • $560,000

      Updated Townhome with Lake Views

      3BR, 3.5BA townhome with lake and mountain views.
      1278 Deep Creek Dr, Mc Henry, MD 21541
      View Details
    • $223,000

      Deep Creek Lake Fractional Ownership

      Fractional ownership in a mountaintop villa with lake views.
      758 Wisp Mountain Rd, Mc Henry, MD 21541
      View Details
    • $399,900

      Villages of Wisp Townhome

      Ski-in/ski-out access and lake views in all seasons.
      7 Winding Way, Mc Henry, MD 21541
      View Details
    • $424,000

      Established Short Term Rental Property

      Centrally located 3BR, 2Bath short term rental with lake views.
      499 Rock Lodge Rd, Mc Henry, MD 21541
      View Details
    • $899,000

      Deep Creek Highlands Land

      Land available in Deep Creek Highlands, Mc Henry, MD.
      615 Deep Creek Highlands Rd, Mc Henry, MD 21541
      View Details
    • $399,000

      Marsh Hill Road Property

      Property for sale on Marsh Hill Road, Mc Henry.
      257 Marsh Hill Rd, Mc Henry, MD 21541
      View Details
    • $1,600,000

      Highline Drive Specialty Property

      Specialty property for sale on Highline Drive.
      188 Highline Dr, Mc Henry, MD 21541
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Premier 1.35-acre lakefront homesite with 150 ft frontage.
    Where is this residential land & home lot located?
    The property is located at 12 Phase 4, Unit ROAD Mc Henry, MD.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Premier 1.35-acre lakefront homesite in the highly sought-after Waterside at Wisp community.; - Expansive 150 ft. of lake frontage with picturesque Deep Creek Lake views.; - Includes a previously purchased buy-down (2008) for additional flexibility and long-term value.
    (703) 819-8516
    Request Owner's contact information
    12 Phase 4, Unit ROAD Mc Henry, MD 21541
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12 Phase 4, Unit ROAD
    Mc Henry, MD 21541
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12 Phase 4, Unit ROAD Mc Henry, MD 21541
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    James Calvin Matthews
    Real Estate License ID: 5020891
    (703) 819-8516
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.