Monday, July 23, 2012
Top 10 Things for Families to do in Maryland
Four seasons of family fun can be found in the Deep Creek Lake area. Summer time boasts of boating and swimming at Deep Creek Lake, with its miles of shoreline and piers. The State Park offers campgrounds, beach access, a boat launch, and a kid-friendly Discovery Center. At the Wisp Resort Hotel, thrill-seeking kids will love zipping down the Mountain Coaster as they corkscrew and coast down the mountain. The Funland Family Fun Center is a perfect summer afternoon treat for families wanting to play mini golf, drive go-karts, and eat ice cream at the snack shop.
During the winter, the mountain is covered with fresh powder and the ski hill comes alive. Snow tubing, snowmobiling, cross country skiing, and dog sledding takes center stage at various locations in the area. The Bear Claw Adventure Park at the Wisp Resort gives kids a chance to ride a tube down the snow, ice skate, zip line on the Flying Squirrel Canopy Tour, and fly down the Mountain Coaster. In any season, Deep Creek Lake is a beautiful part of Maryland.
More here.
Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues!
Wednesday, May 30, 2012
Vacation Rental - Ski & Glee - New Putt-Putt Golf Course!
Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues! | Search real estate for sale at Deep Creek Lake & Garrett County |
Thursday, February 23, 2012
What can you buy for $300,000? Vacation homes to escape from the Beltway
Interest rates are still at historic lows. Real estate prices remain depressed in many areas. As you look forward to summer, you may be wondering whether this would be an opportune time to get a bargain on a vacation property that you could enjoy with your family while earning some rental income.
To answer that question, we looked at popular vacation destinations within a reasonable drive of Washington, D.C., to see what kind of escape from the Beltway you could purchase for $300,000. In some areas, sellers are stubbornly hoping that the market will rebound enough to reap the high prices they’ve set for their beach and mountain homes. In others, lower rental volumes and the tough economy have left property owners with limited resources for fixing up properties enough to make them irresistible to prospective buyers.
But we did find three appealing properties well located for a getaway from Washington that also hold the potential for cash from rentals. In North Carolina’s Outer Banks, we found a wood-shake beach cottage on Hatteras Island listed at $295,000 with four bedrooms, three bathrooms, a screened porch and an open air hot tub. On a peninsula jutting out into Deep Creek Lake, Md., we found a $269,000 three-bedroom log cabin minutes from the state park and a short drive to skiing and golf at Wisp Resort....
More here.
Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues! Friday, February 17, 2012
Best buy at Wisp Resort: 375 Sandy Shores - $475,000- GA7344944
375 SANDY SHORES RD
MC HENRY, MD 21541
MOUNTAINEER LOG CHALET ON 2.78 ACRES WITH VIEWS OF DEEP CREEK LAKE, THE 219 BRIDGE AND THE SURROUNDING MOUNTAINS. LARGE, OPEN KITCHEN/LIVING/DINING AREA WITH CATHEDRAL CEILINGS AND ACCESS TO SPACIOUS SOUTH-FACING DECK. EXTRA LARGE RECREATION ROOM, HALF BATH AND TANDEM GARAGE ON LOWER LEVEL. MAIN LEVEL BEDROOM. SPACIOUS LOFT W/ MASTER BDR, BATH AND SITTING AREA. PRIVACY PLUS VIEWS! RECENTLY REMODELED KITCHEN & BATHROOMS - UPGRADED VANITIES, GRANITE COUNTER TOPS & CABINETS. PUBLIC SEWER NEARBY FOR EXPANSION, IF DESIRED. WALK TO LODESTONE GOLF COURSE ACROSS THE STREET! ASCI WHITEWATER RAFTING & WISP SKI RESORT ~1 MILE AWAY. SIMILAR LOTS PRICE IN THE $300K RANGE!
Contact Jay Ferguson @ 301-501-0420 or DeepCreekLaker@Gmail.com for more information or to setup a private showing for this property.
Listing # GA7344944 - $475,000
Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues! Wednesday, October 19, 2011
Wisp Resort owners file for Chapter 11 bankruptcy protection
Comments 2Share84
By Hanah Cho, The Baltimore Sun
6:51 p.m. EDT, October 17, 2011
The owners of a ski resort near Deep Creek Lake have filed for Chapter 11 bankruptcy-law protection while they try to resolve financial difficulties related to another business.
DC Development LLC, which owns Wisp Resort in Garrett County, announced the filing Sunday.
The company has been unable to renegotiate the repayment of a $28.5 million loan with BB&T Corp. The loan was tied to the construction of an 18-hole golf course and community called Lodestone Golf Club. The golf club property, which is near the ski resort, has experienced lackluster sales of home sites.
DC Development — which filed for bankruptcy-law protection on Saturday in U.S. Bankruptcy Court in Greenbelt — said Chapter 11 protection would allow it to work out its loan restructuring and provide "breathing room needed to continue to seek new investors for the companies."
More here.
Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues! Wisp Resort’s fortunes have gone downhill
by Lindsey Robbins, Staff Writer
Maryland’s only ski resort has fallen victim to the collapse of the real estate market, as its owners filed for bankruptcy on Saturday after defaulting on a $23.5 million loan.
D.C. Development of McHenry, owner of Wisp Resort in Garrett County, and related companies filed the Chapter 11 petition in U.S. Bankruptcy Court in Greenbelt, citing $50 million to $100 million in assets and $10 million to $50 million in debts.
“Wisp Resort continues to perform exceptionally well and will continue to be the region’s premiere skiing resort,” Karen F. Myers, an executive with Wisp Resort Development, wrote in an affidavit with the filing. “However, as a result of the [Branch Banking & Trust] confessed judgment, the companies must restructure their debt and their relationship with BBT.”
Myers is a prominent businesswoman in the state; last year, the Maryland Chamber of Commerce inducted her into its Business Hall of Fame.
More here.
Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues! Friday, September 2, 2011
McHenry Property Owners Object To Mandatory Water Service Hook-Up
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Sep. 1, 2011
The Garrett County commissioners held a public hearing on Saturday morning at Garrett College to receive comments on proposed fee and policy changes to the McHenry Water System. About 200 people attended the two-hour event, with more than 20 voicing their concerns. Most objected to a waterline connection mandate.
Chairman Gregan Crawford said over 1,500 postcards were mailed to McHenry area property owners, notifying them about the hearing.
"This is part of the standard DPU policy from this point on," Crawford said about the Department of Public Utilities informing people about such events.
The proposed changes include reducing the connection fee from $2,800 to $2,000 and allowing property owners up to five years to connect to the system. Those who do so within that time period could spread the connection cost over a 15-year period at a 1 percent interest rate. After the five-year deadline, the term would be 5 percent for 10 years. This amortization policy would apply only to McHenry Water System connections.
"These proposals change the amortization flexibility, time frame, and payment structure, and significantly lower the connection rates," Crawford said.
Though the hearing was about connection/user fees and the connection/amortization policy, most of the public comments centered on the fact that numerous property owners will now have to abandon their private wells and pay the county to install water lines to their homes, connect them to the McHenry system, and supply them with water.
"This was crammed down our throats," said Kim Knox, who lives off Pysell Road.
Several speakers indicated their wells are in good working condition and provide good tasting water. Some wondered if the public system would provide enough water/water pressure for household use and fire suppression.
"I've never, since this started, felt like I knew what was going on," said Pysell Road property owner Marie Broadman about the expansion project.
The previous board of county commissioners held a public hearing on Dec. 7, 2010, on expanding the McHenry Water Service District to include Sandy View Court, Winding Estates Drive, Grand Estates Drive, Quiet Quail Way, Golf Drive, Ruffed Grouse Lane, Sandy Shores Road, Fern Loop, Wisp Mountain Road, Fantasy Lane, Barbara's Way, Susan's Way, Marsh Hill Road, Pysell Road, Deep Creek Drive, Gravelly Run Road, Ridgeview Valley Development, Sweet Rewards Development, a portion of Mosser Road, the Garrett County Airport property, and McHenry Business and Technology Park.
No written or verbal commentary about the proposal was received at the hearing, and Commissioners Ernie Gregg and Fred Holliday approved the boundary changes.
More here.
Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues!
Monday, August 29, 2011
Snow Will Blow
Snow will blow once again this winter at the Wisp Ski Resort, a guarantee expressed this week by Karen Myers, a co-owner of the resort and president of Recreational Industries Inc. She made that promise in spite of the fact that the land development corporation that is responsible for the Lodestone Golf Course and home sites atop Marsh Mountain has been slapped with a judgment from BB&T, the provider of the loan for the project. Myers and the other owners are working with attorneys and consultants to persuade the financial institution to agree to a loan restructuring, but in the meantime she says that it will be business as usual at the Wisp this winter. "We plan to be making snow in less than 90 days," Myers said, "and hope to open the day after Thanksgiving (Nov. 25)." She added that the resort has already sold a record number of season passes for the 2011-12 season and is "enjoying its best summer ever." See story for details. Photo by John McEwen.
Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues! Friday, August 26, 2011
Wisp Ski Operation Intact, Despite Filing Against Development Group
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Aug. 25, 2011
If Mother Nature cooperates, snowmaking at the Wisp Resort in McHenry will commence in less than 90 days, and skiers and snowboarders will be back on the slopes beginning the day after Thanksgiving, Nov. 25.
That is according to Karen Myers, president of Recreational Industries Inc., who met with reporters this week after it was learned that Branch Banking & Trust (BB&T) Corporation has entered judgments against the Wisp's land development company, called Wisp Resort Development Inc., and various loan guarantors because of lagging payments on loans of over $28 million to fund the new Lodestone Golf Course and home sites atop Marsh Mountain.
The guarantors of the loan, all of which are named in the judgment, are Recreational Industries Inc., DC Development Inc., and Clubs at Wisp Corporation, as well as Myers, Gary Daum, and Steven Richards, owners.
Since the filing in Garrett County Circuit Court last month, rumors have abounded that the Wisp Resort either has been or will be sold because of the current financial situation.
"This is probably the same story that is being told by a lot of other developers around the country," Myers said, noting the continuing lag in the housing market, adding, "The 'illness' [in our operation] is just related to the land development segment of the business."
Meanwhile, Myers described the Wisp Resort as "a vibrant and profitable business" that will begin its 56th season of skiing this fall.
It was in February 2007 that BB&T provided a loan of $23.5 million as a revolving line of credit to fund the construction of the golf course and the Lodestone home sites. Because this type of loan is predicated on sales of home sites to pay down the loan balance and because the lot sales were sluggish, as construction on the golf course neared its end in 2008, an additional $5 million was borrowed "because we believed it was better to have a finished golf course than a partially finished golf course," Myers explained.
More here.
Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues!
Thursday, August 25, 2011
Wisp owners mull sale of western Md. ski resort; low nearby home sales to blame
MCHENRY, Md. — The owners of Maryland’s only ski resort say they’re considering selling the landmark property to resolve financial problems linked to a slide in home construction around nearby Deep Creek Lake.
Karen Myers says selling the Wisp Resort is the last option she and her partners in DC Development LLC would pursue to repay more than $23 million to BB&T Corp. of Winston-Salem, N.C. They’re also seeking new investors in their businesses. But in an interview this week at the base of 3,100-foot Marsh Mountain, Myers said everything is on the table if they can’t buy more time.
The owners of Maryland’s only ski resort say they’re considering selling the landmark as the last option in repaying a loan that was used to build the nearby Lodestone golf course community. But only about 20 of the 197 planned home sites have been sold and the bank is demanding payment.
“One of my goals really was to be a part of Wisp in the next stage of development,” said Myers, whose group has owned the resort since 2001. “I hope that I’m a part of the team that does it.”
She said Wisp is in no danger of closing.
More here.
Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues! Friday, July 22, 2011
Wisp Resort - building lot with a VIEW! 74 Westward Way - GA7006283
74 WESTWARD WAY
MC HENRY, MD 21541
Reduced! Build your dream home at Wisp Resort! Huge lake views abound from lot 74, Deep Creek Highlands. Gated community, great amenities & direct access to Adventure Sports Center white water rafting & Wisp Ski & Golf resort. Water & sewer tap included.
Contact Jay Ferguson @ 301-501-0420 or DeepCreekLaker@Gmail.com for more information or to setup a private showing for this property.
Listing # GA7006283
$189,900
If you or someone you know is considering buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues! As member of the Garrett County Board of Realtors, I can assist you with ANY listed property, regardless of the listing broker.Thursday, July 14, 2011
Lakefront log home & Wisp views - 234 Lake Pointe - GA7565748
234 LAKE POINTE DR
MC HENRY, MD 21541
Lakefront log home in desirable Lake Pointe subdivision. This is the year-round spot to be, with Deep Creek Lake & dock slip in the front & HUGE views of Wisp Ski & Golf Resort out the back! Established & successful vacation rental property offering 4BR/3BA - very well appointed. Buy now & enjoy 2011 rental income!
Contact Jay Ferguson @ 301-501-0420 or DeepCreekLaker@Gmail.com for more information or to setup a private showing for this property.
Listing # GA7565748
$979,900
If you or someone you know is considering buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues! As member of the Garrett County Board of Realtors, I can assist you with ANY listed property, regardless of the listing broker.Tuesday, July 5, 2011
July 4th Photos
It's been a few years since I have gone by land to see the fireworks, and it reminded me of just how many people are there watching. From the time we crossed the 219 bridge, there were cars parked on either side of the road - people tailgating, setting up chairs and basically having a great time waiting for the show to begin. From Rock Lodge Rd & Point View Inn, cars lined BOTH sides of Garrett Highway. Not parked front to back, mind you, like you see for the fair. They were parked side to side, most people backed in. So, for the next 3 miles or so, it was packed solid. Amazing.
Meanwhile, I was trying to think of a unique place to watch from - I had narrowed my choices down to ASCI, near the top of Wisp Resort (to try and see them at eye level) or the golf course. I chose the golf course. We found a spot to park - believe it or not, there was only one other car there - and hiked up to the cart path by the tee box. Great spot - only 3 other people were around. Very unique perspective, too - the fireworks appeared to be going off right over top of the Wisp hotel.
Very impressive! The acoustics were amazing, with the sound bouncing between the mountains and echoing down the lake. My brother actually heard them from Oakland!
After the grand finale, the sound of the cars beeping, boat horns, whistles, cat-calls & cowbells were resounding. Cold chills moment! It lasted for a good minute or so. I LOVE watching the fireworks at Deep Creek Lake! The natural acoustics make every boom sound 10x louder, and the sound carries down the entire lake corridor. Great fun! Thanks to all the sponsors - especially Hugh Umbel!
Video is forthcoming this afternoon :) Check back!
If you or someone you know is considering buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues! As member of the Garrett County Board of Realtors, I can assist you with ANY listed property, regardless of the listing broker.Thursday, June 30, 2011
Maryland's first private residence club set for July launch
The Ridge Run at Wisp, which is described as Maryland's first private residence club, is gearing up for its launch in July.
It is situated on Wisp Resort, by Deep Creek Lake in Western Maryland, a popular four-season family vacation destination for DC and Pittsburgh residents, and will feature four-bedroom ski-in/ski-out townhomes located between two ski runs.
The fractional ownership mountain homes have large living areas, gourmet kitchens, fireplaces, state of the art electronics and furnished outdoor living spaces with great views. Owners at Ridge Run will have access to a new Hale Irwin Signature golf course, and the nearby private Lodestone Golf Club has been voted Golfweek's number two course in Maryland.
Owners all get membership of Wisp Resort's private Lakeside Club at Deep Creek Lake with private docks and boat club.
www.RidgeRunWisp.com
More here.
If you or someone you know is considering buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues! As member of the Garrett County Board of Realtors, I can assist you with ANY listed property, regardless of the listing broker.Wisp's 20% Season Pass Discount Ends Today
Summer is here so save on Winter now!
Purchase your pass here!
*Excludes certain products.
Plus, Season Passes purchased by today will receive a Summer Savings Card loaded with discounts on many of Wisp's summer offerings including:
Golf, Off-road Mountain Buggy Tours, the NEW Chipmunk Challenge Course,
Segway & Kayak Tours, DC's Bar & Restaurant & More!
More details here.
If you or someone you know is considering buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues! As member of the Garrett County Board of Realtors, I can assist you with ANY listed property, regardless of the listing broker.Tuesday, May 24, 2011
Ski and golf resorts honored
2:16 p.m. EDT, May 23, 2011
The National Ski Area Association gave out awards at its May convention and Sugarbush Resort was among the winners....
...Wisp Resort in the greater Deep Creek, Md., area, was awarded the Affinity Award in 2009 via the Golf Course Industry Builders Excellence Awards for enhancing the overall golf experience.
The resort is home to the Wisp Resort Golf Course and the Lodestone Golf Club, which boasts a stunning Hale Irwin Signature Design Course.
The Lodestone Golf Club is located on an expansive mountain ridge above Deep Creek Lake and is one of the most popular mid-Atlantic courses to play.
Read full article here.
If you or someone you know is considering buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues! As member of the Garrett County Board of Realtors, I can assist you with ANY listed property, regardless of the listing broker.Monday, April 4, 2011
Lakefront Log Home for sale at Lake Pointe - GA7565748
234 LAKE POINTE DR
MC HENRY, MD 21541
Lakefront log home in desirable Lake Pointe subdivision. This is the year-round spot to be, with Deep Creek Lake & dock slip in the front & HUGE views of Wisp Ski & Golf Resort out the back! Established & successful vacation rental property offering 4BR/3BA - very well appointed. Buy now & enjoy 2011 rental income!
Contact Jay Ferguson @ 301-501-0420 or DeepCreekLaker@Gmail.com for more information or to setup a private showing for this property.
Listing # GA7565748
$979,900
If you or someone you know is considering buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues! As member of the Garrett County Board of Realtors, I can assist you with ANY listed property, regardless of the listing broker.Monday, October 4, 2010
Hearing Slated Regarding Wisp Water Request
Support the Republican Newspaper! It's only $9.95/year for the online edition!Sep. 30, 2010
A public informational hearing will be held on Oct. 6 at 2 p.m. at the Deep Creek Discovery Center regarding an application made by Wisp Resort to draw water from a well in the Hoyes Run/Fantasy Valley area. The hearing is hosted by the Maryland Department of the Environment, and arguments for and against the proposal will be heard.
The application by Wisp, which was made this summer, is requesting a permit to withdraw ground water from one well in the Greenbrier/Pocono Formation for irrigation at the Lodestone Golf Course. The MDE is considering an appropriation for an annual average of 48,000 gallons of ground water per day and 175,000 gallons in the month of maximum use. The project was advertised in The Republican newspaper on Aug. 19.
Concerns have been raised by citizens in the area of Hoyes Run, who have stated that it is the only stream in Maryland in which brown, rainbow, and brook trout breed in the wild, and the use of water proposed by Wisp may weaken the stream and endanger the wildlife. Other concerns raised have to do with the residential needs for the water in that area.
Landowners in the area are pushing for a proper environmental impact statement prior to approving the licenses, and greater protection for this resource, according to Bryan Hubbard, a citizen involved in the process.
The public is invited to attend the hearing.
Thursday, September 30, 2010
Adventure key to Freed - Garrett College Graduate
VIENNA - Matt Freed's life has been filled with adventure.
He climbs rocks, guides rafts, skis, hikes, camps, backpacks and plays disc golf. He has spent time in the great outdoors of Maine, Colorado, Wyoming and Utah.
Freed graduated from Garrett College in western Maryland, near Deep Creek Lake and Wisp Resort, with a degree in adventure sports management.
Until June, he worked in wilderness therapy in Utah for the Second Nature Wilderness Program and at a therapeutic boarding school, Daniel's Academy, both for at-risk youth.
Read the rest here.
Thursday, September 23, 2010
Golfing at Wisp Resort on a Sunny Fall Day
| From Golfing at Wisp Resort |



