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$950,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 2,850 Sq. Ft.
  • 2 Car Garage
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*INCOME PRODUCING* Tucked away in the charming Fairbank community on Tilghman Island, this delightful waterfront home captures the very best of Eastern Shore living. Overlooking the serene waters of Blackwalnut Cove with approximately 3' MLW, the property blends classic cottage character with thoughtful modern enhancements. The original portion of the home reflects its roots as a cozy summer cottage, complete with a charming screened porch perfect for enjoying warm breezes and waterfront views. A connected wing was elevated 10 feet and now features a spacious two-car garage on the main level, offering abundant storage for boats, kayaks, and gear. The rear wing provides exceptional versatility with a private studio apartment-currently a licensed B&B with its own entrance-ideal for guests, rental income, or multigenerational living. Inside the main home, a wood-burning fireplace invites you to curl up on cool days and evenings, while the screened porch becomes the heart of the home during warmer months. With 4 bedrooms and 3 baths, this property offers comfort, flexibility, and the relaxed coastal lifestyle that defines the Eastern Shore. Appointment-only showings. Do not enter the property without an appointment.

Full Property Details for 4938 Fairbank Rd

General

  • Price: $950,000
  • Taxes: $4,889 (2025)
  • Status: Active
  • Type: Single Family
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDTA2014140
  • Updated: 7/19/2026
  • Added to Site: 46 day(s) ago

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Wood, Screen, Mantel(s), Brick
  • Furnished: Yes

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Upper Floor Baths: 2
  • Upper - Full Baths: 2
  • Main Floor Baths: 1
  • Main - Full Baths: 1

Bedrooms

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

Exterior

  • Exterior Features: Awning(s)
  • Porch/Patio/Deck: Balconies- Multiple, Screened, Porch(es)

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Type: Attached Garage
  • Garage Description: Garage - Side Entry, Garage Door Opener

Location

  • County: TALBOT
  • Subdivision: FAIRBANK
  • Driving Directions: Tilghman Island Rd to Tilghman Island, left on Fairbank Rd, 4938 will be on the right
  • Location Details: Bayfront

School Information

  • School District: Talbot County Public Schools

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: On Site Septic
  • Water: Well
  • Dist. to Water: 100 Feet

Structural Information

  • Architectural Style: Coastal
  • Structure Type: Detached
  • Construction: Brick, Frame, Block, Vinyl Siding
  • Foundation: Block, Slab
  • Stories Description: Main, Upper 1
  • Square Feet: 2,850
  • Sq. Ft. Source: Estimated
  • Living Area: 2,850 Sq. Ft.
  • Finished Above Grnd: 2,850 Sq. Ft.
  • Year Built: 1968
  • Year Built Source: Assessor

Lot Features

  • Property View: Scenic Vista
  • Lot Size (Acres): 0.91
  • Lot Size (Sq. Ft.): 39,552
  • Lot Size Source: Assessor
  • Zoning: R

Water Features

  • Water Front: Yes
  • Navigable Water: Yes
  • Water Access: Yes
  • Water Access Desc: Boat - Powered, Canoe/Kayak, Fishing Allowed, Private Access
  • Water Front Type: Cove
  • Water Front Name: Blackwalnut Cove

Financial Considerations

  • Price Per Sq. Ft.: $333.33
  • Assessment Year: 2026
  • County Tax: $4,889
  • County Tax Freq: Annually
  • Tax w/Assessment: $601,433
  • Tax Amount: $4,889
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple

Listed by Meredith Fine Properties, Tracy Higgs Wagner

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Listing agent

— 4938 Fairbank Rd —

  • Tracy Higgs Wagner

    Meredith Fine Properties

Listing Office Email: mre@goeaston.net

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 4938 Fairbank Rd

School District:Talbot County Public Schools
NameGradesDistance
Tilghman Elementary School
21374 Foster Ave, Tilghman Island, MD 21671
K-61.9 mi
St. Michaels Middle/High School
200 Seymour Avenue, Saint Michaels, MD 21663
7-129.3 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 4938 Fairbank Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/19/2026
Price Reduced
$950,000
-2.56%
MLS
7/01/2026
Listed
$975,000
261.11%
MLS
5/26/2000
Sold
$270,000
—
Public Record
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 4938 Fairbank Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,797
9%
$534,200
4%
2023
$3,487
—
$513,700
4%
2023
$3,487
-7%
$493,200
4%
2022
$3,753
21%
$472,700
—
2020
$3,105
1%
$472,700
—
2021
$3,080
-1%
$472,700
-5%
2020
$3,106
3%
$495,900
—
2019
$3,008
5%
$495,900
—
2018
$2,869
2%
$495,900
-6%
2017
$2,808
2%
$525,100
—
2016
$2,764
1%
$525,100
—
2015
$2,728
-1%
$525,100
-11%
2014
$2,742
—
$590,300
—
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.

Estimate the Cost for 4938 Fairbank Rd

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Meredith Fine Properties, Tracy Higgs Wagner

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4938 Fairbank Road, Tilghman, MD 21671 (MLS# MDTA2014140) is a Single Family property with 4 bedrooms and 3 full bathrooms. 4938 Fairbank Road is currently listed for $950,000 and was received on July 01, 2026. Want to learn more about 4938 Fairbank Road? Do you have questions about finding other Single Family real estate for sale in Tilghman? You can browse all Tilghman real estate or contact a Coldwell Banker agent to request more information.

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