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MLS# MDWO2038582Listed by Berkshire Hathaway HomeServices PenFed Realty
1546 TEAL DR, OCEAN CITY, MD 21842
$11,995,000Active
4Beds
5Baths
5,000Sq Ft
3.16Acres
About This Property
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…
Key Facts
StatusActive
MLS #MDWO2038582
Property TypeResidential
Days on Market64
Year Built1981
StyleCape Cod, Coastal
Levels / Stories2
New ConstructionNo
ConditionExcellent
OwnershipFee Simple
Tax ID10030633
ZoningR-1
Interior
Living Area5,000 sq ft
Above Grade Fin.5,000 sq ft
Interior FeaturesAdditional Stairway, Attic, Bathroom - Jetted Tub, Bathroom - Walk-In Shower, Breakfast Area, Built-Ins, Butlers Pantry, Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Living, Combination Kitchen/Dining, Crown Moldings, Dining Area, Entry Level Bedroom, Exposed Beams, Family Room Off Kitchen, Kitchen - Island, Primary Bedroom - Bay Front, Recessed Lighting, Skylight(s), Sound System, Spiral Staircase, Sprinkler System, Walk-in Closet(s), Window Treatments, Wood Floors
AppliancesCommercial Range, Cooktop, Dishwasher, Disposal, Dryer, Extra Refrigerator/Freezer, Oven/Range - Gas, Washer, WaterHeater
FireplaceYes (1)
Fireplace FeaturesGas/Propane
BasementNo
LaundryMain Floor
Door FeaturesENERGY STAR Qualified Door(s), FrenchDoors, Insulated, Sliding Glass
FlooringCarpet, CeramicTile, Wood
Exterior & Lot
Lot Size3.16 acres
Lot FeaturesBulkheaded, Fishing Available, Landscaping, Marshy, Rip-Rapped, Tidal Wetland
ConstructionCombination, Cedar
RoofArchitectural Shingle, Other
FoundationCrawl Space, Pilings, Other
Exterior FeaturesPrivate Beach
Other StructuresAbove Grade, Below Grade
FencingVinyl
PoolYes - Personal
WaterfrontYes
Water ViewYes
Water AccessYes
Navigable WaterYes
Parking
GarageYes
Garage Spaces2
Garage TypeGarage - Front Entry
Total Parking12
Parking TypesAttached Garage, Driveway
Parking FeaturesAsphalt Driveway
Utilities
HeatingYes
Heating TypeCentral
Heating FuelElectric, Propane - Metered
Central AirYes
Cooling TypeCentral A/C
Cooling FuelElectric
Hot WaterPropane, Electric
Water SourcePublic
SewerPublic Sewer
UtilitiesAbove Ground, Cable TV, Propane
Taxes & Assessment
Annual Taxes$21,814.99 / 2025
Assessed Value$1,694,200 / 2026
County Tax$12,981.32
City / Town Tax$7,049.73
Community & Schools
CountyWORCESTER-MD
SubdivisionNONE AVAILABLE
School DistrictWORCESTER COUNTY PUBLIC SCHOOLS
Elementary SchoolOCEAN CITY
Middle SchoolSTEPHEN DECATUR
High SchoolSTEPHEN DECATUR
HOANo
Senior CommunityNo
Location & Nearby Businesses
1546 TEAL DR, OCEAN CITY, MD, 21842
Get Driving DirectionsSource: Real Estate Property Source Bright MLS
Est. Monthly Payment
$60,653/mo
Home Price$11,995,000
Down Payment (20%)$2,399,000
Loan Amount$9,596,000
Interest Rate (est.)6.50%
Loan Term30 Years
* Estimate reflects principal & interest only — excludes property taxes, homeowners insurance, mortgage insurance, and any HOA/condo dues if applicable, all of which affect your actual payment. Contact a mortgage professional for additional figures.
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