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

    Edgewater Dr, Unit 4 Oakland, MD 21550

    Sponsored
    For Sale
    $299,000

    LAND - OAKLAND, MD

    Days on Market:
    155
    Last Refresh:
    Feb 21 at 3:06 am

    Property Features for Edgewater Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active

    Utilities

    Water front features
    Navigable Water

    We can help!

    Listing Contact
    Jay L Ferguson
    Jay L Ferguson

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

    Listing agent Jay L Ferguson (866) 351-1119 License #527802

    Listing date Sep 20, 2025

    MLS# MDGA2009106

    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

    Lake View Building Site

    This rare land offering is a lake view building site with two boat slips, located off Lake Shore Drive in the Edgewater community. The lot features a building envelope surrounded by community green space. A deep water area near the lake creates a park-like setting. Dock access is directly across the street, approximately 100 yards away. A paved parking area allows for easy unloading and is ATV/golf cart friendly. Lot #4 is part of a 6-lot landominium concept where you own the building site and the home built on it, with limited common areas surrounding all properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Properties

    Map

    City
    Oakland
    County
    Garrett
    State
    Maryland
    Longitude
    -79.35179957
    Latitude
    39.51607048

    Nearby Similar for Sale

    • $275,000
      1.93 Acres

      OAKLAND, MD Commercial Storefront

      Storefront in OAKLAND, MD with road frontage and parking.
      5423 Gorman Rd, Oakland, MD 21550
      View Details
    • $472,500
      2,200 SF

      Finely Appointed Vacation Home

      Three-bedroom, two-and-a-half-bath vacation home near Deep Creek Lake.
      180 Mystic Creek Trl, Oakland, MD 21550
      View Details
    • $599,000
      4,000 SF

      Oakland Retail Gem: Historic Charm & Modern Amenities

      Downtown Oakland, 4,000 sq ft, Huge Potential
      119 2Nd St, Oakland, MD 21550
      View Details
    • $414,900

      Lakefront Condo with Community Amenities

      Two-level condo with lake views and community amenities.
      20160 Garrett Hwy, Oakland, MD 21550
      View Details
    • $649,000
      4,712 SF

      Profitable Oakland Auto Repair Shop

      Established Business, Turnkey Operation, Great Potential
      2701 Old Crellin Rd, Oakland, MD 21550
      View Details
    • $1,999,900
      21,550 SF

      Oakland Commercial Plaza Investment

      High-Yield Retail & Liquor Store Opportunity
      12743 Garrett Hwy, Oakland, MD 21550
      View Details
    • $285,000
      3,059 SF

      Oakland Office Building - Great Location!

      Well-maintained office condo, prime Oakland location.
      3000 Thayer Ctr, Oakland, MD 21550
      View Details
    • $1,100,000
      9,730 SF

      Riverside Grill & Inn - Oakland, MD

      Iconic Mixed-Use Property, Multiple Income Streams
      1527 Maryland Hwy, Oakland, MD 21550
      View Details
    • $6,000,000
      2,864 SF

      Deep Creek Lake Mixed-Use Development

      169 Acres, Prime Location, Huge Potential
      4009 Mayhew Inn Rd, Oakland, MD 21550
      View Details
    • $225,000
      1.00 Acre

      Oakland Commercial Land - Highway Frontage

      Prime 1-acre commercial lot, highway visibility, utilities available.
      13209 Garrett Hwy, Oakland, MD 21550
      View Details
    • $400,000
      4,608 SF

      Oakland Hotel Investment Opportunity

      12-Room Hotel w/ Apartment & High Visibility
      1501 Maryland Hwy, Oakland, MD 21550
      View Details
    • $369,000

      Lakeside Condo with Loft

      Spacious 2-bedroom condo near Deep Creek Lake.
      531 Glendale Rd, Oakland, MD 21550
      View Details

    FAQs

    What type of property is this?
    Land - Building site with lake view and two boat slips.
    Where is this land located?
    The property is located at Edgewater Dr, Unit 4 Oakland, MD.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Lake view building site.; - Includes two boat slips.; - Deep water access.
    (301) 501-0420
    Request Owner's contact information
    Edgewater Dr, Unit 4 Oakland, MD 21550
    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.
    Edgewater Dr, Unit 4
    Oakland, MD 21550
    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
    Edgewater Dr, Unit 4 Oakland, MD 21550
    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
    Jay L Ferguson
    Jay L Ferguson
    Real Estate License ID: 527802
    (301) 501-0420 (866) 351-1119 (301) 387-4700
    Learn more
    Google sign-in failed. Please try again or use another login method.