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$15,000,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 5 Full Baths
  • 5,000 Sq. Ft.
  • 2 Car Garage
  • Updated 8 days ago
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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.

Full Property Details for 1546 Teal Dr

General

  • Price: $15,000,000
  • Taxes: $21,814 (2025)
  • Status: Active
  • Type: Single Family
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDWO2038582
  • Updated: 7/5/2026
  • Added to Site: 35 day(s) ago

Interior

  • Interior 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/Living, Combination Kitchen/Dining, 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
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Gas/Propane
  • Appliances: Commercial Range, Cooktop, Dishwasher, Disposal, Dryer, Extra Refrigerator/Freezer, Oven/Range - Gas, Washer, Water Heater
  • Flooring: Carpet, Ceramic Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Upper Floor Baths: 3
  • Upper - Full Baths: 3
  • Main Floor Baths: 2
  • Main - Full Baths: 2

Bedrooms

  • Total Bedrooms: 4
  • Bedrooms Upper: 3
  • Bedrooms Main & Up: 1

Other Rooms

  • Laundry: Main Floor

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: In Ground
  • Security/Safety: 24 hour security, Security System, Surveillance Sys

Exterior

  • Exterior Features: Private Beach
  • Porch/Patio/Deck: Deck(s), Balcony, Porch(es), Patio(s), Wrap Around

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 12
  • Parking Features: Asphalt Driveway
  • Parking Type: Attached Garage, Driveway
  • Garage Description: Garage - Front Entry

Location

  • Area: Bayside Waterfront (84)
  • Municipality: Ocean City
  • County: WORCESTER
  • Driving 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.
  • Location Details: Bayfront
  • City Limits: Yes

School Information

  • School District: Worcester County Public Schools
  • Elementary School: Ocean City
  • Middle School: Stephen Decatur
  • High School: Stephen Decatur

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Electric, Propane - Metered
  • Water Heater: Propane, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Dist. to Water: 30 Feet
  • Utility Description: Above Ground, Cable TV, Propane

Structural Information

  • Architectural Style: Cape Cod, Coastal
  • Structure Type: Detached
  • Construction: Combination, Cedar
  • Foundation: Crawl Space, Pilings, Other
  • Roof: Architectural Shingle, Other
  • Walls/Ceilings: Tray Ceilings, Vaulted Ceilings, Wood Ceilings, Wood
  • Windows: Double Hung, Double Pane, Energy Efficient, ENERGY STAR Qualified, Screens, Skylights, Casement, Sliding, Wood Frame
  • Doors: ENERGY STAR Qualified Door(s), French, Insulated, Sliding Glass
  • Stories Description: Main, Upper 1
  • Square Feet: 5,000
  • Sq. Ft. Source: Estimated
  • Living Area: 5,000 Sq. Ft.
  • Finished Above Grnd: 5,000 Sq. Ft.
  • Year Built: 1981
  • Year Built Source: Estimated
  • Property Condition: Excellent

Additional Structures

  • Other Structures: Other

Lot Features

  • Property View: Bay, City, Panoramic, Water
  • Lot Size (Acres): 3.16
  • Lot Size (Sq. Ft.): 137,649
  • Lot Size Source: Estimated
  • Zoning: R-1
  • Lot Description: Bulkheaded, Fishing Available, Landscaping, Marshy, Rip-Rapped, Tidal Wetland
  • Fencing (Description): Vinyl

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Navigable Water: Yes
  • Water Access: Yes
  • Water Access Desc: Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Private Access, Private Beach
  • Water Front Type: Bay
  • Water Front Name: Sinepuxent Bay
  • Dock/Slip Conveys: Yes
  • Docks: 5

Financial Considerations

  • Price Per Sq. Ft.: $3,000
  • Assessment Year: 2026
  • City/TownTax: $7,049
  • City/TownTax Freq: Annually
  • County Tax: $12,981
  • County Tax Freq: Annually
  • Tax w/Assessment: $1,694,200
  • Tax Amount: $21,814
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 4497

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Primary bedroom and sitting room drapes, six chandeliers and two wall sconces
  • 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

Listed by Berkshire Hathaway HomeServices PenFed Realty, Mechelle Nichols

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Listing agent

— 1546 Teal Dr —

  • Mechelle Nichols

    Berkshire Hathaway HomeServices PenFed Realty

Listing Office Email: oceancity@penfedrealty.com

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1546 Teal Dr

School District:Worcester County Public Schools
NameGradesDistance
Ocean City Elementary School
12828 Center Drive, Ocean City, MD 21842
PK-41.3 mi
Stephen Decatur Middle School, Berlin, MD
9815 Seahawk Road, Berlin, MD 21811
7-85.8 mi
Stephen Decatur High School
9913 Seahawk Road, Berlin, MD 21811
9-125.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1546 Teal Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/03/2026
Price Increased
$15,000,000
36.43%
MLS
6/02/2026
Listed
$10,995,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1546 Teal Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,146
2%
$1,223,433
16%
2023
$14,904
4%
$1,057,300
2%
2021
$14,348
—
$1,036,333
2%
2021
$14,348
2%
$1,015,367
2%
2021
$14,050
3%
$994,400
4%
2020
$13,580
5%
$954,600
4%
2019
$12,922
5%
$914,800
5%
2018
$12,360
—
$875,000
—
2017
$12,422
—
$875,000
—
2016
$12,469
5%
$875,000
—
2015
$11,875
—
$878,100
—
2014
$11,889
—
$878,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Berkshire Hathaway HomeServices PenFed Realty, Mechelle Nichols

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1546 Teal Dr, Ocean City, MD 21842 (MLS# MDWO2038582) is a Single Family property with 4 bedrooms and 5 full bathrooms. 1546 Teal Dr is currently listed for $15,000,000 and was received on June 09, 2026. Want to learn more about 1546 Teal Dr? Do you have questions about finding other Single Family real estate for sale in Ocean City? You can browse all Ocean City real estate or contact a Coldwell Banker agent to request more information.

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