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8601 Chesapeake DriveOcean City, MD 21842Price: $4,133,968

  • Price: $4,133,968
  • Est. Mortgage of $/month
  • 79 Days on Market
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$
%
$/month over payments
Federal 30-year interest rate: 6.49% last updated on Jul 9, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $4,133,968List Price
  • 6Bedrooms
  • 6Bathrooms
  • 4,954Square Feet
Insight Homes is taking the guess work out of developing this stunning bayfront property located just blocks from the beach! They have a 4-story home design that will fit on this rare bayfront building lot and have already selected the structural options that they think would enhance this home. After purchasing and settling on the building lot from the current owners for $2,599,900 the option to proceed with Insight Homes to build their Isakoff home becomes a smooth and easy process. Insight Homes has carefully chosen all of the structural options they think you would love and the price of the home itself ($1,534,068) includes a $175,000 designer allowance to give the buyer the freedom to choose their own finish selections at Insight Home's design studio. Structural options already made by the builder can still be modified which could increase or decrease the price of the home. The only structural option that must be made is a side-entry garage and the builder has included an estimated contingency amount in the quoted price for this structural change. An estimated site cost allowance is also included in the price of the home. Pictures provided in listing are of Isakoff model home and do not reflect specific options that were selected for this potential build but provide an example for potential buyers to get a real feel for all that this 4-story home and all that it has to offer. Imagine the water and city views from 10 different outdoor spaces, including porches, decks, and balconies. The Isakoff will feature an elevator and owned solar panels to add to this already energy efficient home. This is a once in a lifetime opportunity to own an undeveloped southern exposure bayfront parcel of land in Ocean City, MD. Enjoy incredible sunsets from your home once this property is developed and live a convenient relaxing lifestyle with a short walk or bike ride to the beach. Lot lines on pictures were completed by the photographer and are for demonstration only. Buyers should rely on the recorded subdivision plat attached to the listing for lot line placement. No builder tie-in. Option to build with Insight Homes is just that, an option.
Listed by Jonathan M Barker of Keller Williams Realty Delmarva

Driving Directions

Railey Vacations
Railey Vacations
Office: 301-387-2124
5 Vacation Way
McHenry, MD 21541

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More Info

Location Information

  • Date Listed04/27/2026
  • ZoningR-1
  • MLS Area MajorBayside Waterfront
  • UsmAreaOcean City - Bayside Waterfront

Parking

  • Parking TypesAttached Garage
  • Total Garage And Parking Spaces2

Building

  • ViewBay, City
  • Water Oriented YNYes
  • Door FeaturesSliding Glass
  • Rooms Total20
  • Walls CeilingsDry Wall
  • Interior FeaturesBar, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Built-Ins, Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Elevator, Entry Level Bedroom, Kitchen - Gourmet, Kitchen - Island, Pantry, Primary Bath(s), Recessed Lighting, Sprinkler System, Walk-in Closet(s)
  • Security FeaturesSmoke Detector, Sprinkler System - Indoor
  • High School DistrictWorcester County Public Schools
  • LocationTypeBayfront
  • Broker NameKeller Williams Realty Delmarva
  • Building Number8601
  • Federal Flood ZoneAE
  • In City Limits YNYes
  • IncorporatedcitynameOcean City
  • DirectionsCoastal Hwy North, Left on Pacific Ave, Left on Chesapeake Drive, Property on right Bayfront
  • Num Attached Garage Spaces2
  • Lower Level2 Total Baths1
  • Lower Level2 Full Baths1
  • Lower Levels Total Baths3
  • Lower Level2 Bedrooms1
  • Lower Level1 Total Baths2
  • Lower Level1 Full Baths2
  • Lower Level1 Bedrooms3
  • Lower Levels Total Bedrooms4
  • Lower Levels Total Full Baths3
  • Main Level Total Baths2
  • Main Level Bedrooms1
  • Main Level Half Baths1
  • Main Level Full Baths1
  • Upper Levels Total Full Baths1
  • Upper Levels Total Bedrooms1
  • Upper Levels Total Baths1
  • Upper Level1 Bedrooms1
  • Upper Level1 Full Baths1
  • Upper Level1 Total Baths1
  • Story ListLower 1, Lower 2, Main, Upper 1
  • Structure Design TypeDetached
  • Construction MaterialsFrame
  • Property StyleCoastal
  • Builder ModelIsakoff
  • Builder NameInsight Homes
  • Bedrooms6
  • Full Bath5
  • Bathroom6
  • Half Baths1
  • Laundry TypeLower Floor, Hookup
  • Levels4
  • Fireplace FeaturesGas/Propane
  • Fireplace YNYes
  • Fireplace1
  • Garage TypeGarage - Side Entry
  • Garage Spaces2
  • GarageYes

Basic Information

  • MLS NumberMDWO2038148
  • Ownership InterestFee Simple
  • List Price$4,133,968
  • Square Feet4,954
  • Acreage0.18
  • MLS Property TypeResidential
  • StatusACT

Location

  • Address8601 Chesapeake Drive
  • Area Total4,954
  • SubdivisionLittle Salisbury
  • TownOcean City
  • StateMD
  • Zip21842
  • CountyWorcester

Interior

  • Appliances Included
    • Built-In Microwave
    • Cooktop
    • Dishwasher
    • Disposal
    • Exhaust Fan
    • Refrigerator
    • Stainless Steel Appliances
  • Heating YNYes
  • CoolingCeiling Fan(s), Heat Pump(s)

Property Information

  • Lot Size Square Feet7,660
  • Municipal Trash YNYes
  • Above Grade Finished Area4954

Amenities

  • PoolNo Pool
  • Accessibility AmenitiesElevator
  • PricePerSqFt834
  • Other AmenitiesFireplace, Waterfront, Water View, Dock

Other

  • Additional Parcels YNN

Tax Information

  • Total Taxes Payment FrequencyAnnually
  • Tax Assessment Amount371800
  • Tax Year2025
  • Taxes$5,092
  • County Tax$3,030
  • County Tax Payment FrequencyAnnually
  • Assessment Year2026
  • City Town Tax$1,645

Property

  • Property ConditionExcellent
  • Lot Size Dimensions0.00 x 0.00
  • New Construction YNY
  • Lot DescriptionBulkheaded, Premium

Exterior

  • FoundationCrawl Space
  • Window FeaturesVinyl Clad
  • Exterior FeaturesExterior Lighting, Gutter System

Utilities

  • Water SourcePublic Hook-up Available
  • SewerPublic Hook/Up Avail
  • Cooling FuelElectric
  • Water HeaterTankless, Natural Gas
  • Heating FuelElectric, Natural Gas
  • Heat SystemHeat Pump - Gas BackUp

Water Body

  • Water View YNYes
  • Waterfront FeaturesPrivate Dock Site, Navigable Water
  • WaterfrontYes
  • Water Body TypeBay
  • Water AccessYes
  • Tidal Water YNYes
  • Dock Type And FeaturesAgainst Bulkhead Only (Lateral)
  • Dock1

Copyright 2026 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Railey Vacations participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated July 14, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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