High atop Wisp Mountain, overlooking Deep Creek Lake and in close proximity to the ski slopes, sits The Overlook, our newest property located in the Overlook Villas. This new construction, 3,600 square foot, end unit town home with a 2 car garage and views that will take your breath away is a must see for anyone wishing to call Deep Creek Lake their home away from home. Your 1/5 deeded interest in this spectacular property will allow you to spend 10 weeks every year in this spectacular location.
From the moment owners and guests step through the front door into the charming entry foyer, they know they have arrived at a special place. Warm tones and natural elements combine throughout to bring a sense of the outdoors inside. Beautifully decorated in classic Tuscan style, the careful use of color, texture and ornamental detail create a sense of comfort, warmth, and serenity. From a colorful garden mural to a wall of windows providing maximum natural light and a breathtaking view of the lake below, the great room offers a truly inviting place to gather. Adjacent to the great room, the gourmet kitchen provides every modern convenience imaginable to serve your friends and family in style, from an elegant holiday meal to an après ski espresso.
No matter the age of your family members, there is fun for all in The Overlook. Children and adults alike will enjoy the spacious open layout. Reading, playing games, watching television, and quiet conversation are ideal activities by the fireplaces in the great room on the main level or family room on the lower level. The loft on the upper level above the two story great room offers spectacular views with the opportunity to shoot a game of pool, enjoy a beverage at the bar area, or watch your favorite show or sports event on a wall mounted, plasma screen TV.
But the crowning jewel of this spectacular property is the over-sized cinema room complete with an 8 foot, high definition screen, state-of-the-art surround sound equipment and acoustics, and multi-leveled seating with automatic theater recliners. And just in case you do need to stay connected to the outside world, you can go on-line with your wireless computer.
A great way to end the day is to enjoy a soak in the hot tub underneath the starry sky. When it is time to get back to reality, just pack your belongings in your personal owner's closet so that your next trip to The Overlook provides for a truly carefree experience.
Call Second Homes at Deep Creek Lake, 866-387-1995, to schedule your appointment to view this truly spectacular property or visit the website at http://www.secondhomesatdcl.com/.
What is fractional home ownership?
Fractional home ownership is an actual, undivided, deeded ownership interest in a property, but with the costs and risks dramatically reduced from those incurred through whole ownership. As an owner, you will own 1/5 of the property, receive full rights of ownership, including selling and passing title over to others, as well as all of the tax benefits of full property ownership. Your interest is owned individually and exclusively under a common form of residential ownership called fee simple title as tenants in common.
What are the benefits of fractional home ownership?
 | Affordability: You get a higher quality second home for less money than conventional ownership. |
| Availability: Guaranteed minimum of 10 weeks annual usage in the home. |
| Quality: Each property is a beautifully decorated, well appointed home to be proud of. |
| Feasibility: All costs of home ownership are shared. You are responsible for only 20% of all expenses instead of 100%. |
| Enjoyment: Everything is handled for you, including cleaning, maintenance, and even bill payment. This gives you the freedom to enjoy a completely hassle-free second home ownership experience. |
FREQUENTLY ASKED QUESTIONS:
| 1. | Who is offering fractional home ownership at Deep Creek Lake? |
| Second Homes at Deep Creek Lake, LLC is the first, full service company offering fractional home ownership in the Deep Creek Lake area. In addition to selling homes on a fractional basis, Second Homes at Deep Creek Lake provides full management services, as well as a myriad of concierge services that will provide for a completely hassle-free second home ownership experience. | |
| 2. | How many owners will there be for each home? |
| There will be a maximum of five owners for each home. | |
| 3. | Can I finance my fractional purchase? |
| Certainly. There are numerous financing options for prospective buyers. Aside from a cash purchase, and home equity loan, Second Homes at Deep Creek Lake offers a convenient and competitive financing package, and will guide you through the easy-to-follow, step-by-step process. | |
| 4. | What type of amenities are included with each home? |
| Each home will be fully furnished and beautifully appointed. Standard in all properties are fully equipped kitchens suited for a gourmet chef, linens, towels, washer and dryer, a second refrigerator, state-of-the art electronics, a pool table, games for all ages, an outdoor hot tub, and, of course, a computer with internet access. So that owners and guests achieve the greatest satisfaction possible from their outdoor experience, some properties may even include an outdoor fire pit, mountain bikes, sleds, snowshoes, and boot warmers. In addition, many of the community amenities may include: a boat slip, tennis court, swimming pool, walking trails, and private roads for a leisurely family bicycle ride. | |
| 5. | How will owner reservations be handled? |
| Second Homes at Deep Creek Lake has developed a comprehensive reservations policy based on nationally established fractional guidelines that is, first and foremost, fair and equitable to all owners. Specific times of the year have been established for booking stays during peak vacation periods at Deep Creek Lake. Owners will also be afforded the opportunity to use their home with short-term notice providing there is space available. Reservations will be handled in the most convenient way for owners, either via the company's toll free number, fax number, or e-mail address. | |
| 6. | Are owners permitted to invite guests to stay at their home? |
| Absolutely. Having family and friends visit during an owner's stay, or even on an unaccompanied basis, is an important attribute of fractional home ownership through Second Homes at Deep Creek Lake. | |
| 7. | When is the check in/check out day? |
| The check-in / check-out day is Friday. This allows owners and guests the freedom to begin their weekend or week-long stay as soon as possible. However, if an owner reserves some extra days on a space available basis, then the check-in / check-out day might vary. | |
| 8. | How is housekeeping and cleaning handled after each visit? |
| The property management arm of Second Homes at Deep Creek Lake will schedule cleaning by a professional cleaning staff after each stay. Any additional required services will be billed to owners once incurred. Owners also have the opportunity to book additional related services during their stay. | |
| 9. | Who pays the bills? |
| The property management arm of Second Homes at Deep Creek Lake will pay all of the bills related to the operation of each home, including, but not limited to: snow removal, landscaping, gas, electric, water, sewer, property taxes, cable, telephone, insurance, and bookkeeping. These operating costs will be included in the annual budget for each home and will be included in the Owner's Annual Assessment. | |
| 10. | How does an owner sell his or her fractional interest in a home? |
| The process is the same as selling any other type of real estate, except that Second Homes at Deep Creek Lake will retain rights of first refusal. If Second Homes at Deep Creek Lake elects not to exercise that right, then the current homeowners will be offered the right to purchase the interest being sold before it is offered to the public. | |
| 11. | Why will Second Homes at Deep Creek Lake be successful with its fractional home ownership model? |
| It's all about supply and demand. Second Homes at Deep Creek Lake will be providing an affordable alternative to premier second home ownership in the Deep Creek Lake area that has not been present for many years. Pam Scott, the founding principal of Second Homes at Deep Creek Lake, is excited about opening up a new, affordable market for people who truly want to own a second home at Deep Creek Lake. Pam has spent over a year researching the fractional home ownership model and its viability at Deep Creek Lake. The backbone of the company, its methods and procedures, operating agreements, user agreements, and other proprietary legal documents, have been developed by a team of the country's leading fractional and real estate attorneys. Partnerships have also been established with local attorneys, property service providers, real estate agencies, and others to provide for a seamless team with ease of ownership and full enjoyment as a primary goal. Add the expert assistance of Debra Savage and Railey Realty and you've got a total recipe for success! |
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