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Land with Home for Sale in Ocean City, Maryland

1546 Teal Dr, Ocean City, MD 21842

$11,995,000
3.16 acres
Active sale
$3m drop
Est $67,605/mo

1546 Teal Drive, Ocean City, Maryland presents a singular opportunity: the bay's only private island estate, offering more than three acres of privacy in the heart of Ocean City. Hidden from view behind a gated entrance, the arrival unfolds across a private 120-foot vehicular bridge to an extraordinary world of its own-native marshland, coastal landscape, abundant birdlife and panoramic open-water views, with both sunrise and sunset reflected across the bay. Just three blocks from the beach and iconic Ocean City Boardwalk, this remarkable setting offers the rare combination of seclusion and accessibility. By water, the Ocean City Inlet and Assateague Island are only minutes away, with Harbour Island-home of the internationally renowned White Marlin Open, the world's largest billfish tournament-nearby. Included with the estate is an adjacent, buildable .29-acre waterfront parcel with approximately 95 feet of bulkheaded shoreline, boardwalk, paved driveway, irrigation and landscaping, creating possibilities for a future guest house or single-family residence, additional parking or expanded waterfront enjoyment. At the center of the island is an approximately 5,000-square-foot shingle-style residence inspired by the enduring coastal architecture of Nantucket and enhanced by renowned Lyman Perry Architects Ltd. of Nantucket, Massachusetts. Inside, craftsmanship and character reveal themselves through custom millwork, Carlisle wide-plank hand-finished pine floors and expansive Andersen doors framing the water beyond. A dramatic 24-foot atrium beneath an oversized skylight is anchored by a soaring Coral Rock wall with an integrated fireplace, creating a striking architectural focal point visible from both levels and connecting the surrounding living spaces. The kitchen and family room were designed for gathering, with custom solid-birch cabinetry by Premier Cabinetry of New Holland, Pennsylvania, and a custom 5-foot by 10-foot teak island. A private office with custom built-ins, guest suite and full bath complete this level. Upstairs, an open bridge overlooks the atrium and leads to the expansive four-room primary suite with bayfront deck, vaulted ceilings, custom cherry built-ins, generous dressing rooms and en-suite bath. Two additional bedrooms offer en-suite baths and private decks. Outdoors, the island becomes its own waterfront resort, with approximately 3,250 square feet of wraparound decking leading to a pool and spa, gazebo bar, full bath, private docking, 10,000-pound boat lift and fish-cleaning station-all surrounded by open water and coastal sky. Significant recent investment includes bulkhead improvements, reinforced helical pilings, bridge renovations, active security and surveillance systems, and maintained structural and mechanical systems. More than a waterfront residence, 1546 Teal Drive is a private island estate of extraordinary rarity-an irreplaceable setting where architecture, land, water and privacy converge in the heart of Ocean City.

5,000
Sq feet
4
Beds
5
Full baths
1981
Built

Location

Street address
1546 Teal Dr
Zip code
21842
School district
Worcester County Public Schools
Elevation
3 feet
Coordinates
38.3515, -75.0844

Property details

Acreage
3.16 acres
MLS #
TREND MDWO2038582
Posted

Property taxes

Recent
$21,815

Parcels

  • 2410030633

Details and features

Listing

Type
Residential
Franchise
Berkshire Hathaway Home Services

Lot

Waterfront
Navigable Water, Waterfront

Exterior

Parking Spaces
12
Parking
Driveway, Garage-Attached
Pool
Private

Structure

Style
Cape Cod
Stories
2
Heating
Central
Cooling
Central Air
Materials
Cedar, Combination

Interior

Rooms
Bathroom x 5, Bedroom x 4, Dining Room, Family Room
Fireplaces
Yes
Appliances
Commercial Range, Cooktop, Dishwasher, Disposal, Dryer, Extra Refrigerator/Freezer, Oven/Range-Gas, Washer, Water Heater
Features
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/Dining, Combination Kitchen/Living, 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

Nearby schools

NameTypeDistrict
Ocean CityElementaryWorcester County Public Schools
Stephen DecaturMiddleWorcester County Public Schools
Stephen DecaturHighWorcester County Public Schools

Listing history

DateEventPriceChangeSource
Aug 12, 2026Price drop$11,995,000$3,005,000 -20%TREND
July 3, 2026New listing$15,000,000—TREND
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This 3.16-acre property is located at 1546 Teal Dr in Ocean City, MD 21842. The property is available for sale, priced at $11,995,000. It has a 5,000 square foot 4-bedroom, 5-bath house built in 1981.

Listed by Berkshire Hathaway HomeServices PenFed Realty, (866) 225-5778

Checked 2 hours agoUpdated Source

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Mechelle Nichols
Berkshire Hathaway HomeServices PenFed Realty
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