1531 Teal Drive Ocean City, MD $ 309,000
1531 Teal Drive
$ 309,000
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1531 Teal Drive

Ocean City, MD, 21842
$ 309,000
Baths0.0

Monthly Estimate*

$ 1,903

1531 Teal Drive, Ocean City, MD 21842 - Image 1
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Studio

Lots and Land for sale in Ocean City, MD

for $309,000. The lot size is 0.15.

This property presents a rare opportunity to purchase a potential future building lot in Ocean Citys highly sought-after Mallard Island community. Opportunities to acquire land in this neighborhood are extremely limited, making this a compelling option for buyers seeking long-term flexibility or investment potential. This property must be purchased in conjunction with the adjacent home at #1533, and is being marketed accordingly. While the seller does not guarantee subdivision or development approval, the seller has communicated with Planning & Zoning and a licensed surveyor and has information on file available for prospective buyers to review. Buyer to perform all due diligence and obtain any required approvals. The property is currently improved with the adjacent homes private pool, which would need to be removed in order to pursue future development. **Taxes and lot dimensions are unknown. Same tax as ID as 1533 Teal Drive as it currently has not been officially subdivided** 1533 Teal Dr is currently listed as MLS# MDWO2036512. Whether held for future use or explored as part of a long-term investment strategy, this property offers a truly rare land opportunity in one of Ocean Citys most exclusive residential communities.

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Lots and Land Active

Price

$ 309,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 9,813

Style

Residential,Recreation

Lot Size

0.15

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2036526

Features
General
Sewer Public Sewer
Possession Settlement
Zoning R-1
School District WORCESTER COUNTY PUBLIC SCHOOLS
Property Subtype Land
Tax Year 2026
Current Use Residential Recreation
Ownership Fee Simple
Municipality Ocean City
County WORCESTER
Property Type Land
HOA N
Subdivision Name MALLARD ISLAND
Possible Use Residential
Water Access Y/N N
Status ACTIVE
Directions 15th Street bayside - Left when road splits at entrance of Mallard Island - Lot on Right
City OCEAN CITY
MLS Area Bayside Interior (83)
Lot Size Units Square Feet
Lot Size Square Feet 6534.00
Tax Annual Amount 9813.0
Condo/Coop Association fee Y/N N
Price Per Sq Ft Total AG 47.29
Acceptable Financing Cash Conventional
Additional Parcels Y/N Y
Lease Considered Y/N N
Vacation Rental Y/N N
Location Type Bayside
Standard Status Active
Legal Subdivision Mallard Island
Tax Lot 58
Association Recreation Fee N
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Exterior
Water Source Public Hook-up Available
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.15
Lot Size Source Estimated
Waterfront Y/N N
Number of Lots 1
Horse Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1531
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* Excluded Features
List By
Era Martin Associates, Shamrock Division

Broker

brittani.phillips@era.com

Email

Affordability Calculator

$2,720
Per Month
70%
30%
0%
Monthly Principal & Interest
$1,903
Monthly Property Taxes
$818
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3536051 Elementary School
3533416 Middle School
Stephen Decatur High School High School
Pricing History
DatePricePrice ChangeDescription
2/27/2026$309,000 Listed Price

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1531 Teal Drive, Ocean City, MD, 21842 is a Lots and Land for sale at $309,000 with a lot size of 0.15. 1531 Teal Drive is a studio with 0.0 baths. The property's zip code is 21842 which is in Ocean City, MD