588 Lake Forest Drive Oakland, MD $ 1,089,000
588 Lake Forest Drive
$ 1,089,000
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588 Lake Forest Drive

Oakland, MD, 21550
$ 1,089,000
Bedrooms3 Baths2.0 Sq 1,411

Monthly Estimate*

$ 6,705

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Single Family Home for sale in Oakland, MD

for $1,089,000 with 3 bedrooms and 2 full baths. This 1,411 square foot home was built in 1956 on a lot size of 0.64.

Welcome to Cabin Dreams a charming rustic lakefront retreat with 134 of beautiful, gently sloped lake frontage on Deep Creek Lake. Facing the sunrise with an inviting sandy shoreline, stunning lake views, and private Type A dock, this 3-bedroom + loft, 2-bath getaway offers the perfect blend of relaxation and adventure. Inside, warm wood accents, hardwood floors, mini-split AC/heating units, and a soaring stone wood-burning fireplace creates a warm mountain-lake atmosphere. The open living, dining, and kitchen areas flow seamlessly to the expansive lakeside deck, where you can relax in the hot tub (new in 2025) or take in peaceful morning views over the water. A screened porch offers the perfect spot for coffee, quiet afternoons, or evening conversations. Outside, enjoy easy access to the lake and dock, a lakeside firepit, and plenty of room to gather with family and friends. Currently a successful vacation rental, this property offers excellent investment potential while also serving as an ideal private getaway. Experience the best of Deep Creek Lake living in this classic waterfront cabin retreat.

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Single Family Pending

Price

$ 1,089,000

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 9,920

Style

Cabin/Lodge

Lot Size

0.64

Year Built

1956

Town/City

Oakland

County/Region

Garrett

MLS | Web ID

MDGA2011898

Features
General
Living Area 1411
Sewer Public Sewer
Heating Baseboard - Electric
Cooling Ceiling Fan(s) Ductless/Mini-Split
Possession Settlement
Zoning LR1
Patio/Porch Features Deck(s)
Architectural Style Cabin/Lodge
Construction Materials Log Siding
School District GARRETT COUNTY PUBLIC SCHOOLS
Year Built 1956
View Water Mountain
Levels 2
Other Fees 185.00
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Waterfront Features Private Dock Site
Accessibility None
County GARRETT
New Construction N
Property Type Residential
HOA N
Subdivision Name LAKE FOREST
Garage Y/N N
Water Access Y/N Y
Other Structures Above Grade
Total Rooms 6
Full Baths 2
Status PENDING
Directions From Mayhew Inn Road turn onto Lake Forest Drive and follow to 588 Lake Forest Drive on the right.
City OAKLAND
Body of Water Deep Creek Lake
Other Fees Frequency Annually
Senior Community Y/N N
Lot Size Units Square Feet
Lot Size Square Feet 27824.00
Tax Annual Amount 9920.53
Structure Type Detached
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 2
Bathrooms Count Main Level 2.00
Price Per Sq Ft Total AG 771.79
Vacation Rental Y/N Y
Location Type Lake
Standard Status Pending
Year Built Source Assessor
Tax Lot 27 & 28
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Interior
Interior Amenities Ceiling Fan(s) Dining Area Entry Level Bedroom Floor Plan - Open
Heating Fuel Electric
Total Fireplaces 1
Fireplace Features Wood
Hot Water Electric
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 1411
Central Air Y/N N
Total Bedrooms 3
Room Type Living Room Bedroom 2 Bedroom 3 Kitchen Bedroom 1 Loft Bathroom 1 Bathroom 2
Main Level Bedrooms 3
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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Exterior
Exterior Amenities Hot Tub
Pool No Pool
Water Source Well
Type of Parking Driveway
Foundation Details Block
Water View Y/N Y
Lot Size Acres 0.64
Water Body Type Lake
Lot Size Source Assessor
Waterfront Y/N Y
Number of Docks 1
Navigable Water Y/N Y
Number of Slips 2
Water Oriented Y/N Y
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Internal Only
Street Number 1 588
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* Excluded Features
List By
Railey Realty, Inc.

Broker

nbeitzel@railey.com

Email

Affordability Calculator

$7,532
Per Month
89%
11%
0%
Monthly Principal & Interest
$6,705
Monthly Property Taxes
$827
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3535905 Elementary School
3534321 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/21/2026$1,089,000 Listed Price

Map


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588 Lake Forest Drive, Oakland, MD, 21550 is a Single Family Home for sale at $1,089,000 with 1,411 sqft and a lot size of 0.64. 588 Lake Forest Drive has 3 bedrooms, 2.0 baths, and was built in 1956. The property's zip code is 21550 which is in Oakland, MD