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
- 81 days |
- 7,555 |
- 372 |
Source: Bright MLS,MLS#: MDWO2038582
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#: MDWO2038582
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
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Price change | $11,995,000-20%$2,399/sqft |
Source: | ||
| 7/3/2026 | Listed for sale | $15,000,000$3,000/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
Estimated market value
Not available
Estimated sales range
Not available
Not available
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.
Neighborhood: 21842
Nearby schools
Ocean City Elementary School
Grades PK-4 • 1.3 miles10/10
GreatSchools® Rating
Test Score Rating
10/10Student Progress Rating
9/10Stephen Decatur Middle School
Grades 7-8 • 5.9 miles10/10
GreatSchools® Rating
Test Score Rating
10/10Student Progress Rating
9/10Stephen Decatur High School
Grades 9-12 • 5.8 miles7/10
GreatSchools® Rating
Test Score Rating
8/10College Readiness Rating
7/10