1533 Teal Dr, Ocean City, MD 21842

Ocean City
Local realty services provided by:Better Homes and Gardens Real Estate Community Realty
1533 Teal Dr,Ocean City, MD 21842
$1,090,000
  • 5 Beds
  • 4 Baths
  • 4,719 sq. ft.
  • Single family
  • Active
Listed by: brittani phillips
Office: era martin associates, shamrock division
MLS#:MDWO2036512
Source:BRIGHTMLS

Price summary

  • Price:$1,090,000
  • Price per sq. ft.:$230.98

About this home

**Currently grossing over $150,000 annually in short-term rental income ** with the potential for more! This exceptional Ocean City property offers a rare opportunity to own a luxury coastal home with strong, established investment performance. Situated on Mallard Island, one of Ocean City’s most coveted and tightly held waterfront-style communities, this exceptional residence blends luxury coastal living with long-term investment appeal. Set on two lots, the property provides valuable future flexibility. The additional lot—currently home to the private pool—may offer the potential for subdivision or use as a separate building lot, subject to buyer verification with P&Z. This feature is seldom found in Ocean City and enhances both privacy today and long-term value. *Both lots are being sold together at a total price of $1,499,000 and not available separately* Inside, the home has been thoughtfully updated and beautifully maintained. Recent improvements include new dual-zone HVAC

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Home facts

  • Year built:1977
  • Listing ID #:MDWO2036512
  • Added:8 day(s) ago
  • Updated:March 08, 2026 at 01:36 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:9
  • Bathrooms Description:Bathroom 1, Bathroom 2, Bathroom 3, Full Bath
  • Living area:4,719 sq. ft.

Heating and cooling

  • Heating:Electric, Heat Pump(s), Oil

Structure and exterior

  • Roof:Architectural Shingle
  • Year built:1977
  • Building area:4,719 sq. ft.
  • Lot area:0.3 Acres
  • Lot Features:Bayside
  • Architectural Style:Coastal
  • Construction Materials:Brick
  • Exterior Features:BBQ Grill, Exterior Lighting
  • Foundation Description:Block, Crawl Space
  • Levels:2 Stories

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,090,000
  • Price per sq. ft.:$230.98
  • Tax amount:$9,813 (2026)

Features and amenities

  • Pool features:In Ground

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