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For salePrice cut: $3.01M (8/12)
$11,995,000
4beds
5,000sqft

1546 Teal Dr, Ocean City, MD 21842

4beds
5,000sqft
Single family residence
Built in 1981
3.16 Acres
2 Attached garage spaces
$2,399 price/sqft

What's special

Fish cleaning stationAdjacent buildable waterfront lotCustom wood spiral staircaseCustom woodworkingExpansive deckingPaved drivewayExpansive water views

Private Island at 1546 Teal Drive, Ocean City, Maryland is a truly unique offering — the bay's only island estate. Included is an adjacent buildable waterfront lot just inside the entrance gates before crossing the private bridge. The improved .29-acre parcel features approximately 95 feet of bulkheaded shoreline with boardwalk, paved driveway, irrigation, and landscaping, offering flexibility for a future guest house or single-family residence, additional parking, or expanded waterfront enjoyment. Located off 15th Street in downtown Ocean City, the property offers seclusion and accessibility, 3 blocks to the Boardwalk and beach, minutes to the Ocean City Inlet and Assateague Island by boat, and a block from Harbor Island, home of the world-renowned White Marlin Open. Hidden behind a brick wall and accessed through a 6-foot gate, the arrival continues across a private 120-foot vehicular bridge from Mallard Island. The island encompasses more than 3 acres of native marshlands and coastal landscape with panoramic views of the open bay, the Rt. 50 Bridge to the south, Rt. 90 Bridge to the north, and the rare combination of breathtaking sunrises and sunsets across the water. Architecturally, the home is an iconic shingle-style residence inspired by Nantucket architecture, with exterior renovations and enhancements by renowned Lyman Perry Architects Ltd. of Nantucket, Massachusetts. The approximately 5,000-square-foot home features custom woodworking, Carlisle wide-plank hand-finished pine flooring, new Andersen doors throughout, approximately 3,250 square feet of wraparound decking, and expansive water views. Upon entering, a dramatic 24-foot atrium features a 12-foot by 15-foot overhead skylight and floor-to-ceiling Coral Rock fireplace feature connecting the surrounding living spaces. Designed to maximize open bay views throughout, the main living area features custom built-in cabinetry and flows into the separate dining and gathering spaces. The kitchen/family room creates an inviting area for entertaining, with custom solid birch painted cabinetry by Premier Cabinetry of New Holland, Pennsylvania, and a 5-foot by 8-foot teak island countertop. A custom wood spiral staircase provides secondary access between the main and upper levels. The main level also includes a home office with built-in cabinetry and pull-out file storage, plus an additional guest bedroom and full bath. Upstairs, an open bridge hallway overlooks the atrium while separating the primary suite from two guest bedroom suites. The four-room primary suite includes a bedroom retreat with bayfront deck, sitting/entertainment/dressing room with vaulted ceilings, custom cherry wood built-ins and four closets, en-suite bath with double vanity and dressing table, and a second dressing room with vaulted ceilings, four double-door deep closets, and an arched window with window seat dividing two built-in tall chests. Two additional bedrooms each feature en-suite baths and private decks. Outdoors, an island retreat features a pool and spa by Sea Glass Pools, expansive decking, gazebo bar with cabinetry and quartz countertops, full bath with shower, docking, 10,000-pound boat lift, and fish cleaning station. Significant recent investments include bulkhead improvements, reinforced helical pilings, bridge renovations, active security and surveillance systems, and maintained structural and mechanical systems. Surrounded by abundant birdlife and endless open-water vistas, this distinguished estate embodies timeless elegance.

81 days
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7,555
|
372
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Source: Bright MLS,MLS#: MDWO2038582MLS Logo
Travel times

Living Room

Kitchen

Primary Bedroom

Zillow last checked:

Listing updated:

Listed by:

Mechelle Nichols 410-430-1575,

Berkshire Hathaway HomeServices PenFed Realty 4105247000

Source: Bright MLS,MLS#: MDWO2038582MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 5
  • Main level bathrooms: 2
  • Main level bedrooms: 1
Basement
  • Area: 0
Heating
  • Central, Electric, Propane
Cooling
  • Central Air, Electric
Appliances
  • Included: Range, Cooktop, Dishwasher, Disposal, Dryer, Extra Refrigerator/Freezer, Oven/Range - Gas, Washer, Water Heater, Electric Water Heater
  • Laundry: Main Level
Features
  • Additional Stairway, Attic, Bathroom - Walk-In Shower, Breakfast Area, Built-in Features, Butlers Pantry, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Living, Combination Kitchen/Dining, Crown Molding, Dining Area, Entry Level Bedroom, Exposed Beams, Family Room Off Kitchen, Kitchen Island, Primary Bedroom - Bay Front, Recessed Lighting, Sound System, Spiral Staircase, Walk-In Closet(s), Tray Ceiling(s), Vaulted Ceiling(s), Wood Ceilings, Wood Walls
  • Flooring: Carpet, Ceramic Tile, Wood
  • Doors: ENERGY STAR Qualified Doors, French Doors, Insulated, Sliding Glass
  • Windows: Double Hung, Double Pane Windows, Energy Efficient, ENERGY STAR Qualified Windows, Screens, Skylight(s), Casement, Sliding, Wood Frames, Window Treatments
  • Has basement: No
  • Number of fireplaces: 1
  • Fireplace features: Gas/Propane
Interior area
  • Total structure area: 5,000
  • Total interior livable area: 5,000 sqft
  • Finished area above ground: 5,000
  • Finished area below ground: 0
Video & virtual tour

Property

Parking
  • Total spaces: 12
  • Parking features: Garage Faces Front, Asphalt, Attached, Driveway
  • Attached garage spaces: 2
  • Uncovered spaces: 10
Accessibility
  • Accessibility features: None
Features
  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck, Porch, Patio, Wrap Around
  • Exterior features: Private Beach, Balcony
  • Has private pool: Yes
  • Pool features: In Ground, Private
  • Has spa: Yes
  • Spa features: Bath
  • Fencing: Vinyl
  • Has view: Yes
  • View description: Bay, City, Panoramic, Water
  • Has water view: Yes
  • Water view: Bay,Water
  • Waterfront features: Private Dock Site, Rip-Rap, Sandy Beach, Bayfront, Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Private Access, Bay
  • Body of water: Sinepuxent Bay
  • Frontage length: Water Frontage Ft: 1600
Lot
  • Size: 3.16 Acres
  • Features: Bulkheaded, Fishing Available, Landscaped, Marshy, Rip-Rapped, Tidal Wetland
Details
  • Additional structures: Above Grade, Below Grade
  • Parcel number: 10030633
  • Zoning: R-1
  • Special conditions: Standard

Construction

Type & style
  • Home type: SingleFamily
  • Architectural style: Cape Cod,Coastal
  • Property subtype: Single Family Residence
Materials
  • Combination, Cedar
  • Foundation: Crawl Space, Pilings, Other
  • Roof: Architectural Shingle,Other
Condition
  • Excellent
  • New construction: No
  • Year built: 1981
  • Major remodel year: 2005

Utilities & green energy

  • Sewer: Public Sewer
  • Water: Public
  • Utilities for property: Above Ground, Cable Connected, Propane

Community & HOA

Community
  • Security: 24 Hour Security, Security System, Fire Sprinkler System
  • Subdivision: None Available
HOA
  • Has HOA: No
Location
  • Region: Ocean City
  • Municipality: Ocean City

Financial & listing details

  • Price per square foot: $2,399/sqft
  • Tax assessed value: $1,694,200
  • Annual tax amount: $21,814
  • Date on market: 6/9/2026
  • Listing agreement: Exclusive Agency
  • Inclusions: All Teak Deck And Yard Furniture, Four Deck Umbrellas And Weights, Garage Freezer, Garage Refrigerator, Kayak, Canoe, And Stand-up Paddle Board (sup) Storage Rack, All Tv's, Blinds And Drapes
  • Exclusions: Primary Bedroom And Sitting Room Drapes, Six Chandeliers And Two Wall Sconces
  • Ownership: Fee Simple

Price history

DateEventPrice
8/12/2026Price change$11,995,000-20%$2,399/sqft
Source: Bright MLS #MDWO2038582 Report a problem
7/3/2026Listed for sale$15,000,000$3,000/sqft
Source: Bright MLS #MDWO2038582 Report a problem

Public tax history

YearProperty taxesTax assessment
2025$15,192 -4.8%$1,223,433 +7.3%
2024$15,961 +7.1%$1,140,367 +7.9%
2023$14,904 +2%$1,057,300
2022$14,608 +1.8%$1,057,300 +4.1%
2021$14,346 +2.1%$1,015,367 +2.1%
2020$14,050 +3.5%$994,400
2019$13,580 +5.1%$994,400 +8.7%
2018$12,922 +4.6%$914,800 +4.5%
2017$12,355 -17.4%$875,000
2016$14,963 $875,000
2015$14,963 $875,000 -0.4%
2014$14,963 $878,100
2013-- $878,100
2012-- $878,100 -29.6%
2011-- $1,246,930
2010-- $1,246,930
2009-- $1,246,930 -24.3%
2008-- $1,647,330 +22.4%
2007-- $1,346,306 +132.5%
2006-- $579,010 +89.8%
2005-- $305,000 +4%
2004-- $293,332 +4.1%
2003-- $281,666 +4.3%
2002-- $270,000 +4.5%
2001-- $258,332

Find assessor info on the county website

Monthly payment

Est. payment
$67,232/mo
Principal & interest
$59635
Property taxes
$7597
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Estimated market value

Not available

Estimated sales range

Not available

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Climate risks

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Neighborhood: 21842

Nearby schools

Ocean City Elementary School
Grades PK-41.3 miles
10/10
GreatSchools® Rating
Test Score Rating
10/10
Student Progress Rating
9/10
Stephen Decatur Middle School
Grades 7-85.9 miles
10/10
GreatSchools® Rating
Test Score Rating
10/10
Student Progress Rating
9/10
Stephen Decatur High School
Grades 9-125.8 miles
7/10
GreatSchools® Rating
Test Score Rating
8/10
College Readiness Rating
7/10