The Deep Creek Lake Resort Report Newsletter Fall 2018

e k a L k e e r C p e e D e h T RESORT REPORT Volume 11 Issue 2, Fall 2018 | 301.387.2000 • 301.387.2900 • www.Railey.com | 866.544.3223 • www.DeepCreek.com

In This Issue...

How’s the Real Estate Market?

Supporting Garrett County’s Youth Garrett County

Infrastructure Update Railey Realty Sold Listings Introducing Railey Vacations Garrett County Tourism Continues to Thrive Local Happenings and News…

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Your 1st Choice in Real Estate Supporting Garrett County’s Youth The WGW Community Youth Cup is a weekend charity event focused on raising money for the youth of Garrett County. Founded in 2012 by Railey Realty co-owner and agent Bill Weissgerber, the WGW Community Youth Cup has raised more than $650,000 in the past seven years. This year alone, the event brought in approximately $166,700. The primary charities associated with the organization are Landon’s Library, Samantha Funding the Arts, and The Andrew

Woods Memorial Scholarship. Other local youth-focused charities that have received funding from this event include I Can Swim!, Garrett Mentors, The Chris Lantz Memorial Scholarship Fund, and the Learning Beyond the Classroom Bus. Each of these organizations helps to enrich the lives of the youth in our local community. The WGW Community Youth Cup features golf tournaments at Lodestone and the Oakland Golf Course, Samantha’s Color Fun Run, Silent & Live Auctions, and the WGW

Garrett County Infrastructure Update

The Western Conveyance Project, which covered adding public sewer and water lines to areas around the lake, has been completed. Section II covered Marsh Hill Road, Shingle Camp Road, Shingle Camp Terrace, Sandy Shores Road, Stockslager Road, Sandy Beach Lane, and Penelacres Lane. Property owners in the completed areas will receive a letter from the county explaining the process to hook up to the public

Kick-Off Celebration event. Railey Realty is a lifetime premier sponsor of the WGW Community Youth Cup and is proud to be associated and active with such a worthwhile community event.

lines. Property owners have 5 years to connect to the sewer lines and 10 years to connect to the water lines.

Hook up to the public lines will be required before a property can be transferred. The current fees for connecting to the public system are: $6,500 Equivalent Residential User (ERU) fee; $3,000 Sewer Connection Fee (applied to each ERU fee); $2,000 or $2,320 Water Tap Fee, depending on construction; and an

additional $975 per half bath over 3 bathrooms. Each home connecting to the sewer lines will need a grinder system installed, which start just over $6,000 for a simplex grinder system (1-7 bedrooms). Property owners will also be responsible for maintaining or abandoning the well on their property. For more information or questions, please contact Garrett County Public Works at 301-334-6983.

Railey Realty Sold Listings

403 Pinnacle Drive Lake Access Home $475,000 - March 2018

1436 Stockslager Road Lakefront Home $650,000 - April 2018

21 Old Chestnut Drive Lakefront Home $735,000 - May 2018

939 Lake Shore Drive Lakefront Home $1,230,000 - May 2018

2077 Rock Lodge Road Lakefront Home $660,000 - June 2018

164 Stilwater Drive Lakefront Home $1,100,000 - July 2018

19509 Garrett Hwy #1 Commercial Unit $275,000 - March 2018

529 Marsh Hill Road Lakefront Home $977,777 - April 2018

215 Hidden Cove Court Lake Access Home $879,900 - May 2018

124 Thornberry Road E Lake Access Home $457,500 - May 2018

1257 Thousand Acres Lakefront Home $650,000 - July 2018

1375 Deep Creek Dr #6 Lakefront Townhome $625,000 - July 2018

358 Lake Forest Drive Lakefront Home $989,000 - March 2018

60 Cedar Shores Drive Lake Access Home $460,000 - April 2018

1738 Paradise Point Rd Lakefront Home $1,050,000 - May 2018

908 Beckman’s Peninsula Lakefront Home $1,659,000 - June 2018

1232 Mountainview Dr Lake Access Home $730,000 - July 2018

364 Yacht Club Road Lakefront Home $1,750,000 - Aug 2018

For a complete, updated list of all our sold listings, please visit www.railey.com/sold-properties.

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The Deep Creek Lake Resort Report Introducing Railey Vacations

Railey Realty is proud to announce our partnership in the area’s largest vacation rental and property management company: Railey Vacations. Deep Creek Lodging Company and Railey Mountain Lake Vacations have joined forces to become Deep Creek’s most experienced vacation rental and property management team. Specializing in premium lakefront, lake area, ski resort, mountain and pet friendly homes - we have the largest selection of properties for guest to choose from.

Railey Vacations also manages the

units at Will ‘O The Wisp and Silver Tree Suites. This new venture will combine the best of both companies.

Railey Mountain Lake Vacations offers an incredible repertoire of repeat renters and unmatched experience in the vacation rental industry. Best practices will be spread across both companies on all levels - from property managers to reservationists. Railey Realty has enjoyed a great working relationship with Railey Mountain Lake Vacations for over 25 years and we believe that this alliance will provide many added benefits. We are still committed to

Garrett County Tourism Continues to Thrive Garrett County’s tourism metrics continue to show increases as we move towards the end of FY18.

Heads on Beds in Garrett County is up 12.2%, Accommodation Sales Collections is up 6.3%, and tourism sales tax revenue is up 5.5%. While these numbers are encouraging on their own, they’re even more impressive when compared to other areas in Maryland and the state as a whole. The state of Maryland realized an increase of 2% in tourism sales tax revenues compared to Garrett County’s 5.5% increase.

Garrett County and the Deep Creek

Local Happenings and News…

The Casselman Bakery and Café is the lake’s newest breakfast and lunch spot! Located beside our mid-lake office at the intersection of Glendale Road and Rt. 219, they offer delicious homemade goods, soups, salads, sweets, and more!

providing unsurpassed real estate services to our past, present, and future clients and customers. We look forward to serving you in both your real estate ventures and making your Deep Creek vacations the best they can be!

Lake area have consistently seen increases in tourism-based metrics.

The Garrett County Chamber of Commerce has been hard at work developing new ways to promote our area, including their new 360 degree virtual tour.

These increases help give Garrett County and Deep Creek Lake more leverage when applying for funding. As a largely tourism fueled area, receiving additional funding to help promote our area and funds to maintain and protect our area are vital for Deep Creek’s future success. Garrett County received just

under $100,000 in state tourism marketing match grant funds, which is 6.6% higher than the previous year. The county has also been able to secure funding for the State Lake Restoration & Protection fund and secured increased funding for tourism promotion.

We’re very excited to see Garrett County and Deep Creek Lake growing! From restaurants to vacation rentals to real estate, all of the area businesses share the same goal: promote and share our beautiful area with visitors.

DC’s Restaurant at Wisp Resort has permanently closed. A new restaurant will be opening that will offer a pay-one-price style buffet that allows the customer to pick what they want off the menu. The new restaurant should be open by the start of ski season. Stay tuned!

The Manor Steakhouse is open for business! Located in the historic Cornish Manor Building, the restaurant features a unique and vintage inspired menu.

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The goal of this newsletter is to keep you informed on the local real estate market, along with keeping you in touch with the issues impacting this market. We will also attempt to bring you interesting stories about the people and heritage that make Deep Creek Lake and Garrett County, Maryland such a special place.

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If your property is currently listed for sale or managed with another company, please consult that company.

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* All data obtained from MRIS for the period 1/1 - 6/30/2018.

All data is believed to be accurate, but not guaranteed. Updated 7/2018.

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