RN7997,
Small world neighbor...welcome to BABC

! Sorry for the late response/reply.
I'll add a bit to what On Holiday mentioned. The bungalows are beach front, but are very rustic, including wooden bunk beds and as OH mentioned, the A/C has
much to be desired. Wasn't an option for us.
The villas are nice, spacious and close to the water, but were more than what we needed as a small family of four.
The Oak Park Cottages have a sunken bedroom with a full size bed, the family room has two pull-out couches (full size) and the loft has a full size mattress and a low sloped ceiling which is perfect for kids, but is too small for adults (or a Pack-n-Play

). It has a small full kitchen, table, A/C and two TV's with cable. Our daughter slept in the loft, our son on a pull-out sofa and my wife and I had the bedroom. It has parking for two, is in a wooded area, has a fire pit, deck and a nice view. It was fine for us, but if there were more people (another couple, etc.), I'd consider renting/spliting the rental cost of a Villa.
Let us know if you have any other questions and keep your eye on this forum for the 2009 BABC event @ Raystown.
BTW - where are you boating other than Raystown? Chesapeake perhaps? We boat on either the Bohemia River or Sassafras River every weekend.