1546 Teal Dr Ocean City, MD $ 15,000,000
1546 Teal Dr
$ 15,000,000
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1546 Teal Dr

Ocean City, MD, 21842
$ 15,000,000
Bedrooms4 Baths5.0 Sq 5,000

Monthly Estimate*

$ 94,712

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View a Virtual Tour

Single Family Home for sale in Ocean City, MD

for $15,000,000 with 4 bedrooms and 5 full baths. This 5,000 square foot home was built in 1981 on a lot size of 3.16.

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 a future guest house or single-family residence, additional parking, or expanded waterfront enjoyment. Located off 15th Street in downtown Ocean City, the property offers seclusion and accessibility, 3 blocks to the Boardwalk and beach, minutes to the Ocean City Inlet and Assateague Island by boat, and a block from Harbor Island, home of the world-renowned White Marlin Open. Hidden behind a brick wall and accessed through a 6-foot gate, the arrival continues across a private 120-foot vehicular bridge from Mallard Island. The island encompasses more than 3 acres of native marshlands and coastal landscape with panoramic views of the open bay, the Rt. 50 Bridge to the south, Rt. 90 Bridge to the north, and the rare combination of breathtaking sunrises and sunsets across the water. Architecturally, the home is an iconic shingle-style residence inspired by Nantucket architecture, with exterior renovations and enhancements by renowned Lyman Perry Architects Ltd. of Nantucket, Massachusetts. The approximately 5,000-square-foot home features custom woodworking, Carlisle wide-plank hand-finished pine flooring, new Andersen doors throughout, approximately 3,250 square feet of wraparound decking, and expansive water views. Upon entering, a dramatic 24-foot atrium features a 12-foot by 15-foot overhead skylight and floor-to-ceiling Coral Rock fireplace feature connecting the surrounding living spaces. Designed to maximize open bay views throughout, the main living area features custom built-in cabinetry and flows into the separate dining and gathering spaces. The kitchen/family room creates an inviting area for entertaining, with custom solid birch painted cabinetry by Premier Cabinetry of New Holland, Pennsylvania, and a 5-foot by 8-foot teak island countertop. A custom wood spiral staircase provides secondary access between the main and upper levels. The main level also includes a home office with built-in cabinetry and pull-out file storage, plus an additional guest bedroom and full bath. Upstairs, an open bridge hallway overlooks the atrium while separating the primary suite from two guest bedroom suites. The four-room primary suite includes a bedroom retreat with bayfront deck, sitting/entertainment/dressing room with vaulted ceilings, custom cherry wood built-ins and four closets, en-suite bath with double vanity and dressing table, and a second dressing room with vaulted ceilings, four double-door deep closets, and an arched window with window seat dividing two built-in tall chests. Two additional bedrooms each feature en-suite baths and private decks. Outdoors, an island retreat features a pool and spa by Sea Glass Pools, expansive decking, gazebo bar with cabinetry and quartz countertops, full bath with shower, docking, 10,000-pound boat lift, and fish cleaning station. Significant recent investments include bulkhead improvements, reinforced helical pilings, bridge renovations, active security and surveillance systems, and maintained structural and mechanical systems. Surrounded by abundant birdlife and endless open-water vistas, this distinguished estate embodies timeless elegance.

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Single Family Active

Price

$ 15,000,000

Bedrooms

4

Full Bath

5

Property Type

Single Family

Taxes

$ 21,814

Style

Cape Cod,Coastal

Lot Size

3.16

Year Built

1981

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2038582

Features
General
Living Area 5000
Sewer Public Sewer
Heating Central
Cooling Central A/C
Utilities Above Ground Cable TV Propane
Possession Settlement
Roof Architectural Shingle Other
Appliances Commercial Range Cooktop Dishwasher Disposal Dryer Extra Refrigerator/Freezer Oven/Range - Gas Washer Water Heater
Zoning R-1
Garage Spaces 2.00
Patio/Porch Features Deck(s) Balcony Porch(es) Patio(s) Wrap Around
Architectural Style Cape Cod Coastal
Pool Features In Ground
Security Features 24 hour security Security System Surveillance Sys
Construction Materials Combination Cedar
School District WORCESTER COUNTY PUBLIC SCHOOLS
Exclusions Primary bedroom and sitting room drapes six chandeliers and two wall sconces
Year Built 1981
View Bay City Panoramic Water
Levels 2
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality Ocean City
Waterfront Features Private Dock Site Rip-Rap Sandy Beach
Building Name NONE AVAILABLE
Accessibility None
County WORCESTER
New Construction N
Property Type Residential
HOA N
Subdivision Name NONE AVAILABLE
Garage Y/N Y
Water Access Y/N Y
Other Structures Above Grade Below Grade
Full Baths 5
Status ACTIVE
Directions From Coastal Highway turn bayside at 15th Street and proceed onto Mallard Island. Continue on Teal Drive to the gated entrance for Goose Island.
City OCEAN CITY
Body of Water Sinepuxent Bay
Senior Community Y/N N
MLS Area Bayside Waterfront (84)
Lot Size Units Square Feet
Lot Size Square Feet 137649.60
Tax Annual Amount 21814.99
Home Warranty Y/N N
Property Condition Excellent
Structure Type Detached
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 2
Bathrooms Count Main Level 2.00
Price Per Sq Ft Total AG 3000.0
Vacation Rental Y/N N
Virtual Tour https://iframe.videodelivery.net/9f654424dc89da339397d4bcbd62c3b8
Location Type Bayfront
Standard Status Active
Year Built Source Estimated
Legal Subdivision Mallard Island
Federal Flood Zone AE
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Interior
Interior Amenities Additional 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 Combinatio
Heating Fuel Electric Propane - Metered
Flooring Carpet Ceramic Tile Wood
Total Fireplaces 1
Fireplace Features Gas/Propane
Hot Water Propane Electric
Basement (Y/N) N
Heating Y/N Y
Window Features Double Hung Double Pane Energy Efficient ENERGY STAR Qualified Screens Skylights Casement Sliding Wood Frame
Fireplace Y/N Y
Above Grade Finished Area 5000
Central Air Y/N Y
Total Bedrooms 4
Below Grade Finished Area 0
Main Level Bedrooms 1
Below Grade Finished Area Unit Type Square Feet
Laundry Type Main Floor
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Total Baths 5
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Exterior
Exterior Amenities Private Beach
Pool Yes - Personal
Fencing Vinyl
Parking Features Asphalt Driveway
Lot Features Bulkheaded Fishing Available Landscaping Marshy Rip-Rapped Tidal Wetland
Water Source Public
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
Garage Features Garage - Front Entry
Type of Parking Attached Garage Driveway
Foundation Details Crawl Space Pilings Other
Water View Y/N Y
Lot Dimensions 0.00 x 0.00
Lot Size Acres 3.16
Water Body Type Bay
Lot Size Source Estimated
Waterfront Y/N Y
Door Features ENERGY STAR Qualified Door(s) French Insulated Sliding Glass
Water Access Features Boat - Powered Canoe/Kayak Fishing Allowed Personal Watercraft (PWC) Private Access Private Beach
Number of Docks 5+
Land Assessed Value 0.00
Navigable Water Y/N Y
Number of Slips 5+
Water Oriented Y/N Y
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Internal Only
Street Number 1 1546
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* Excluded Features
List By
Berkshire Hathaway Homeservices Penfed Realty

Broker

mnichols@luxuryshoreliving.com

Email

Affordability Calculator

$96,529
Per Month
98%
2%
0%
Monthly Principal & Interest
$94,712
Monthly Property Taxes
$1,818
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
6/2/2026$10,995,000 Listed Price

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1546 Teal Dr, Ocean City, MD, 21842 is a Single Family Home for sale at $15,000,000 with 5,000 sqft and a lot size of 3.16. 1546 Teal Dr has 4 bedrooms, 5.0 baths, and was built in 1981. The property's zip code is 21842 which is in Ocean City, MD