Tucked away in the charming Fairbank community on Tilghman Island, this delightful waterfront home captures the very best of Eastern Shore living. Overlooking the serene waters of Blackwalnut Cove with approximately 3’ MLW, the property blends classic cottage character with thoughtful modern enhancements. The original portion of the home reflects its roots as a cozy summer cottage, complete with a charming screened porch perfect for enjoying warm breezes and waterfront views. A connected wing was elevated 10 feet and now features a spacious two-car garage on the main level, offering abundant storage for boats, kayaks, and gear. The rear wing provides exceptional versatility with a private studio apartment—currently a licensed B&B with its own entrance—ideal for guests, rental income, or multigenerational living. Inside the main home, a wood-burning fireplace invites you to curl up on cool days and evenings, while the screened porch becomes the heart of the home during warmer months. With 4 bedrooms and 3 baths, this property offers comfort, flexibility, and the relaxed coastal lifestyle that defines the Eastern Shore. Appointment-only showings. Do not enter the property without an appointment.
Coming soon 07/01
$975,000
4938 Fairbank Rd, Tilghman, MD 21671
4beds
2,850sqft
Single Family Residence
Built in 1968
0.91 Acres Lot
$1,062,100 Zestimate®
$342/sqft
$-- HOA
What's special
- 8 days |
- 575 |
- 30 |
Zillow last checked:
Listing updated:
Listed by:
Tracy Higgs Wagner 410-310-5581,
Meredith Fine Properties 4107458060
Source: Bright MLS,MLS#: MDTA2014140
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 1
Basement
- Area: 0
Heating
- Heat Pump, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater
Features
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Screen, Mantel(s), Brick
Interior area
- Total structure area: 2,850
- Total interior livable area: 2,850 sqft
- Finished area above ground: 2,850
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Garage Faces Side, Garage Door Opener, Attached
- Attached garage spaces: 2
Accessibility
- Accessibility features: 2+ Access Exits
Features
- Levels: Two
- Stories: 2
- Patio & porch: Screened, Porch
- Exterior features: Awning(s), Balcony
- Pool features: None
- Has view: Yes
- View description: Scenic Vista
- Waterfront features: Private Dock Site, Bayfront, Boat - Powered, Canoe/Kayak, Fishing Allowed, Private Access, Cove
- Body of water: Blackwalnut Cove
- Frontage length: Water Frontage Ft: 145
Lot
- Size: 0.91 Acres
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 2105184614
- Zoning: R
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Coastal
- Property subtype: Single Family Residence
Materials
- Brick, Frame, Block, Vinyl Siding
- Foundation: Block, Slab
Condition
- New construction: No
- Year built: 1968
- Major remodel year: 2013
Utilities & green energy
- Sewer: On Site Septic
- Water: Well
Community & HOA
Community
- Subdivision: Fairbank
HOA
- Has HOA: No
Location
- Region: Tilghman
Financial & listing details
- Price per square foot: $342/sqft
- Tax assessed value: $601,433
- Annual tax amount: $4,889
- Date on market: 7/1/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash
- Ownership: Fee Simple
Estimated market value
$1,062,100
$913,000 - $1.23M
$2,938/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2000 | Sold | $270,000$95/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $534,200 +4% |
| 2024 | $4,639 +10% | $513,700 +4.2% |
| 2023 | $4,219 +12.4% | $493,200 +4.3% |
| 2022 | $3,753 +6% | $472,700 |
| 2021 | $3,541 | $472,700 |
| 2020 | $3,541 -4.7% | $472,700 -4.7% |
| 2019 | $3,715 +4.3% | $495,900 |
| 2018 | $3,561 +5.2% | $495,900 |
| 2017 | $3,386 +23.5% | $495,900 -5.6% |
| 2016 | $2,743 | $525,100 |
| 2015 | $2,743 +12.3% | $525,100 |
| 2014 | $2,442 | $525,100 -11% |
| 2013 | -- | $590,300 |
| 2012 | -- | $590,300 |
| 2011 | -- | $590,300 -27.4% |
| 2010 | -- | $813,440 +11.7% |
| 2009 | -- | $728,542 +13.2% |
| 2008 | -- | $643,646 +15.2% |
| 2007 | -- | $558,750 +10.8% |
| 2006 | -- | $504,080 +12.2% |
| 2005 | -- | $449,410 +53.1% |
| 2004 | -- | $293,510 +9.8% |
| 2003 | -- | $267,230 +10.9% |
| 2002 | -- | $240,950 +12.2% |
| 2001 | -- | $214,670 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 21671
Nearby schools
GreatSchools rating
- 4/10Tilghman Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 5/10St. Michaels Middle/High SchoolGrades: 6-12Distance: 9.3 mi
Schools provided by the listing agent
- District: Talbot County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Maryland
- Talbot County
- Tilghman
- 21671
- 4938 Fairbank Rd
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