USAMDOcean CityMallard Island1533 Teal Dr

New

$1,090,000

For Sale

8 days ago

1533 Teal Dr, Ocean City, MD

Name: 1533 Teal Dr, For Sale in OCEAN CITY - eXp Realty
Brand: ERA Martin Associates, Shamrock Division
SKU: MDWO2036512
Price: 1090000 USD

House

MLS® MDWO2036512

5 Bed

4 Bath

4719 sqft

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 4719 sqft

Garage Yes

Taxes $9,813

Days Active 7

Lot Size 0.3 acres

Approx. Age 1977

Avg. Price Per Sqft $230

MLS® Number MDWO2036512

Property Address: 1533 Teal Dr, OCEAN CITY, MD, 21842-5510

Average square foot calculated using Size range provided by listing agent.

Description

**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 systems, two new sliding glass doors, and a new stainless steel refrigerator and range. Offered fully furnished and decorated, the home is truly move-in or rent-ready from day one. The flexible floor plan includes an in-law suite with full kitchen and separate entrance, offering additional options for guest accommodations, multi-generational living, or added rental income potential. Designed for comfort and entertaining, the spacious layout features multiple living areas, including a huge master suite currently used as a game room and wet bar, and two wood-burning fireplaces. The additional lot offers outdoor living at its finest, with a fenced backyard centered around the pool, an outdoor wet bar with granite countertops, and a fire pit—perfect for hosting family, friends, or guests enjoying a week at the beach. A rear shed provides convenient storage for pool and outdoor items. Storage and functionality are equally impressive with a two-car garage plus an additional garage bay, ideal for bikes, beach gear, and coastal essentials. Whether you envision this as a high-performing investment, a luxury second home, or a primary residence with income potential, this Mallard Island property delivers proven performance, flexibility, and lasting value in one of Ocean City’s most desirable locations.

MLS® NumberMDWO2036512

Laundry LevelMain Floor

Central VacNo

FireplaceNo

Acreage0.3

Exterior

GarageYes

Approx. Age1977

Basement

DrivewayConcrete Driveway, Attached Garage, Driveway

Garage Spaces2

Heat

A/C

Heating Fuel

Extras

Sold Furnished

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 27, 2026List Date

$1,090,000List Price

Home Appraisal

This property is estimated to sell between: $821,000 and $1,225,000.

Similar properties in this area sold on average for: $821,000

Expected to sell in 42 days. Similar properties sold in 49 days. This home has been on eXp Realty for 7 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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