1533 Teal Dr, Ocean City, MD 21842
Local realty services provided by:CENTURY 21 Sylvia Geist Agency
1533 Teal Dr,Ocean City, MD 21842
$1,090,000
- 5 Beds
- 4 Baths
- 4,719 sq. ft.
- Single family
- Pending
Listed by: brittani phillips
Office: era martin associates, shamrock division
MLS#:MDWO2036512
Source:BRIGHTMLS
Price summary
- Price:$1,090,000
- Price per sq. ft.:$230.98
About this home
**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....
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Home facts
- Year built:1977
- Listing ID #:MDWO2036512
- Added:55 day(s) ago
- Updated:April 24, 2026 at 07:33 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:9
- Bathrooms Description:Bathroom 1, Bathroom 2, Bathroom 3, Full Bath
- Living area:4,719 sq. ft.
Heating and cooling
- Heating:Electric, Heat Pump(s), Oil
Structure and exterior
- Roof:Architectural Shingle
- Year built:1977
- Building area:4,719 sq. ft.
- Lot area:0.3 Acres
- Lot Features:Bayside
- Architectural Style:Coastal
- Construction Materials:Brick
- Exterior Features:BBQ Grill, Exterior Lighting
- Foundation Description:Block, Crawl Space
- Levels:2 Stories
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,090,000
- Price per sq. ft.:$230.98
- Tax amount:$9,813 (2026)
Features and amenities
- Pool features:In Ground
Parking
- Parking description:Additional Storage Area, Attached Garage, Concrete Driveway, Garage Door Opener
- Garage:Yes
- Garage spaces:2
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