1240 BOY SCOUT ROAD, OAKLAND, MD 21550

$4,450,000

An Iconic 50-acre Estate at Deep Creek Lake with a Deeded Boat Slip, Equestrian Amenities and Rental/Event Potential! Introducing Double Eagle Ranch, a one-of-a-kind property at Deep Creek Lake, offering the perfect blend of luxury, outdoor adventure, and incredible income-producing potential. This 50-acre Aspen style ranch and estate is a… Read More true gem for horse lovers, nature enthusiasts, and those seeking a unique opportunity to host events, weddings, or private retreats. With a proven rental history, the property is already established as a sought-after destination, making it a smart investment for someone looking to generate income while enjoying the best of lake and mountain living. The 5-bedroom home is designed with timeless ranch-style elegance, featuring large windows that flood the living spaces with natural light and offer stunning views of the surrounding farm and landscape. The spacious interior includes a stunning gourmet kitchen, multiple living areas, a game room, and a large mudroom with a dog bath - everything you need for comfort and relaxation with so many unique features like hand scraped hardwood floors, commercial grade wi-fi, three fireplaces, custom plaster walls and so much more! But it's the outdoor spaces that truly make this property extraordinary. Perfect for equestrian enthusiasts, the ranch offers five scenic, fish-stocked ponds, expansive riding rings, and ample fenced pastureland for horses to roam and a heated barn and equipment shed! Multiple RV hookups and plenty of parking are available for guests, making it ideal for hosting large groups or events. The property also features a deeded waterfront parcel with a private brand new dock - perfect for boating, fishing, or simply enjoying the tranquility of Deep Creek Lake. For those looking to gatherings or retreats, this estate offers a spectacular setting, with the pavilion and fire pit area providing an unforgettable backdrop for gatherings. The scenic hiking and riding trails, with their vibrant fall foliage, are perfect for nature walks or a peaceful retreat. Additionally, this property has the potential for further development, with the potential to build 7 additional homes, making it an ideal opportunity for someone interested in creating a private enclave or a luxury residential community. Located just minutes from the heart of Deep Creek Lake, this estate offers endless possibilities as an income-generating property, a private sanctuary, or an extraordinary venue for special gatherings. Whether you're seeking a retreat for yourself or a business venture with multiple income streams, Double Eagle Ranch is a rare opportunity to own an iconic, multi-faceted property that offers both luxury and income potential. This property consists of the main home and 28.96 acres along with a second parcel that is 18.87 acres along with several outbuildings, barns, sheds and a 2nd dwelling. 50 Year Architectural Shingle Roof '21! Filtered and Oxidized Water! Instant Hot! 250+ Electric! The entire farm is wired for a generator! Septic Expanded and Updated in '22! No expense spared in this home that was built by the current owner and has been lovingly updated and maintained! Read Less

Courtesy of Charlotte Savoy, The KW Collective [email protected]

Listing Snapshot

Days Online

248

Last Updated

Jul 27, 2025

Property Type

Single Family Residential

Beds

Full Baths

Partial Baths

Square Ft.

5,695

Lot Size

47.83 Acres

Year Built

1996

MLS Number

MDGA2008536

30 Days Snapshot Of 21550

$332k

-39%

(avg) sold price

+54%

homes sold

-14%

(avg) days on market

Snapshot

Area Map

Additional Details

Building

Chalet, Craftsman, Colonial, 5,695 sqft living area, 5,695 sqft above grade (finished), Built in 1996, Structure Type: Detached, Wall & Ceiling Types: 2 Story Ceilings,9'+ Ceilings, Beamed Ceilings, Cathedral Ceilings, Plaster Walls, Vaulted Ceilings, Wood Ceilings, Wood Walls, 3 levels, Ranch/Rambler, Cabin/Lodge, Frame

Appliances & Equipment

Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Oven - Wall, Refrigerator, Stainless Steel Appliances, Washer

Cooling

Central Air, Electric, Central A/C, Ceiling Fan(s)

Doors

Six Panel

Exterior Features

Extensive Hardscape, Hot Tub, Outbuilding(s), Secure Storage, Stone Retaining Walls, Exterior Lighting

Fence

Wood, Fully, Partially

Fireplaces

3 fireplaces

Floors

Carpet, Ceramic Tile, Hardwood, Tile/Brick, Wood

Foundation

Crawl Space

Garage

6 garage spaces

Water Features

Navigable Water, Water Access, Water Body Name: Deep Creek Lake, Water Body Type: Lake, Water Oriented

Heating

Electric, Propane - Leased, Propane - Owned, Heat Pump(s)

Home Owner's Association

Boat Dock/Slip, Pier/Dock Maintenance

Interior Features

Attic, Bathroom - Soaking Tub, Bathroom - Walk-In Shower, Breakfast Area, Built-Ins, Carpet, Ceiling Fan(s), Dining Area, Efficiency, Entry Level Bedroom, Exposed Beams, Family Room Off Kitchen, Formal/Separate Dining Room, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Walk-in Closet(s), Water Treat System, WhirlPool/HotTub, Wood Floors

Laundry

Main Floor

Lot

2,083,475 sqft, 47.83 acres, Additional Lot(s), Backs to Trees, Fishing Available, Landscaping, Pond, Premium, Private, Road Frontage, Subdivision Possible

Property

Additional Parcels, Dock/Slip Conveys, 1 dock, Horse, Horse Amenities: Arena, Horse Trails, Horses Allowed, Riding Ring, Stable(s), Paddock, Other Structures: Above Grade, Below Grade, Outdoor Living Structures: Deck(s), Patio(s), Porch(es), View: Mountain, Panoramic, Pasture, Pond, Scenic Vista, Trees/Woods, 1 boat slip

Roof

Architectural Shingle

Sewer

Septic Exists

Taxes

County Tax: $11,266, County Tax Pymnt Freq: Annually, Tax Annual Amount: $11,266, Tax Year: 2024

Utilities

Hot Water: Instant Hot Water, Propane

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