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"We're excited about the home, but we're not totally passionate about it," Amy Shimp said. The couple plans to use the home for themselves and their two children, ages 4 and 11, but their primary motive for the purchase was to invest in what they believe is a solid, growing market. Already my land has been assessed at $75,000." "We're hoping to get a good return on our investment," Amy Shimp said. When completed, the couple expects the home - which will feature six bedrooms, with three master suites, an absolute must in the rental market - to cost between $300,000 and $400,000. This time the couple bought a 3.5-acre lot on Wisp Mountain for $65,200 and are building a custom log home.Ĭonstruction started this month and is to be finished by November - just in time for ski vacationers. 2 hour trip is 280 (Minimum is 2 hours) 3 hour trip is 400 5 discount. Two years ago, Amy Shimp sold a Deep Creek condominium that she had owned for nine years. Then there's Jeff and Amy Shimp of Phoenix, who are no strangers to investing in a property and renting it out. /rebates/&.com252fAttractions-g4465255-Activities-c61-t187-DeepCreekLakeMaryland. "Land prices and home prices there are unbelievable," said Bill Pastino, adding that it would be better to buy now because it is only going to get more expensive at the lake. View our Deep Creek Lake land for sale specials at Deep Creek Mountain. The couple, both in their mid-30s, bought the land five months ago - about the time their first child was born. If you prefer to do your camping in a cabin, Deep Creek Tube Center & Campground gives you twenty-six choices, all on Deep Creek at the edge of the Great Smoky Mountains National Park, two miles north of Bryson City, NC and just minutes from Cherokee, North Carolina. "It's the only way we will be able to afford our mortgage," he said. How strong is demand? Taylor said that all of his office's summer rentals are booked for the season.īill and Kyung Pastino of Columbia plan to rent out the home they hope to build on Wisp Mountain at the end of this year. Pick up a rental brochure for Deep Creek and you'll find homes for rent with names like "Almost Heaven," "Majestic Lodge" and "Million Dollar View" that can cost as much as $3,000 to $5,000 for a week during the peak summer season, as opposed to $600 to $800 a week two to three years ago. The house may become the couple's retirement home.Īlthough the Buschers' home is reserved for their family and friends, many people who buy large, expensive homes use the property as a high-grossing rental unit. We go up there every couple of weekends," she said. We chose Deep Creek because it's cool in the summer and we're right on the water. The year-old contemporary home, which was purchased in October for $680,000, sits on the lake and has five bedrooms, four bathrooms, a finished basement and a loft. "We got a big place with room for everyone," Lauretta Buscher said. Whether you are traveling with a group, family, friends, or couples retreat in Deep Creek Lake, RBO has all types of rental properties with top amenities, including indoor/outdoor/private swimming pools, Wi-Fi, hot tubs, self-catering, and more. Both in their mid-50s, the couple bought a vacation home to spend more time with their five grown sons and their families. Discover more than 582 vacation rentals in Deep Creek Lake that are perfect for your next trip. That's what Dave and Lauretta Buscher of Clarksville in Howard County did. Many buyers have children and want to re-create the fun, family vacations they used to have, spending time on the water." "People want a place to get away and spend time with their families. People want a safe haven that they can go to," he added. "I noticed after the World Trade Center bombing there was a big push for people to buy. But the land had a value of at least $450,000."īill Weissgerber, co-owner of Railey Realty in Deep Creek, believes more people are seeking weekend getaways because no one has the time to take long vacations anymore. They've been bought up for $300,000 or $400,000, and they were probably only a $10,000 investment when they started there. Only one turquoise chalet remains and it will likely be torn down soon, along with the nearby Alpine Village Motel, said Hamilton, the Long & Foster agent.Īdded Taylor: "The old. Nearly all of the original A-frame chalets have been torn down to make room for luxury lakefront homes starting in the $400,000 range. Except for a few state park campgrounds where you can only stay for a few days at a time, no homes on wheels are allowed to park near Deep Creek Lake.Īnd then there's Alpine Village, one of the oldest communities of Deep Creek.
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The problem, however, is there is really no place in Deep Creek for them to go. Homes with indoor swimming pools.Glen Acres Campground, a prime lakefront location where people park trailers, RVs or mobile homes year-round, has been sold for redevelopment and residents have been told to leave.