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1546 Teal DriveOcean City, MD 21842Price: $11,995,000

  • Price: $11,995,000
  • Est. Mortgage of $/month
  • 117 Days on Market
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$
%
$/month over payments
Federal 30-year interest rate: 7.28% last updated on Oct 1, 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.
  • $11,995,000List Price
  • 4Bedrooms
  • 5Bathrooms
  • 5,000Square Feet
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.
Listed by Mechelle Nichols of Berkshire Hathaway HomeServices PenFed Realty

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

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More Info

Location Information

  • Date Listed06/09/2026
  • ZoningR-1
  • MLS Area MajorBayside Waterfront
  • UsmAreaOcean City - Bayside Waterfront

School Information

  • Junior HighStephen Decatur
  • High SchoolStephen Decatur
  • Elementary SchoolOcean City

Basic Information

Building

  • ViewBay, City, Panoramic, Water
  • Water Oriented YNYes
  • Door FeaturesENERGY STAR Qualified Door(s), French, Insulated, Sliding Glass
  • Walls CeilingsTray Ceilings, Vaulted Ceilings, Wood Ceilings, Wood Walls
  • Interior FeaturesAdditional 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
  • Security Features24 hour security, Security System, Surveillance Sys
  • High School DistrictWorcester County Public Schools
  • LocationTypeBayfront
  • Broker NameBerkshire Hathaway HomeServices PenFed Realty
  • Building Number1546
  • Federal Flood ZoneAE
  • In City Limits YNYes
  • IncorporatedcitynameOcean City
  • Distance To Body Of Water30
  • DirectionsFrom Coastal Highway, turn bayside at 15th Street and proceed onto Mallard Island. Continue on Teal Drive to the gated entrance for Goose Island.
  • Distance To Body Of Water UnitsFeet
  • Num Attached Garage Spaces2
  • Main Level Total Baths2
  • Main Level Bedrooms1
  • Main Level Full Baths2
  • Upper Levels Total Full Baths3
  • Upper Levels Total Bedrooms3
  • Upper Levels Total Baths3
  • Upper Level1 Bedrooms3
  • Upper Level1 Full Baths3
  • Upper Level1 Total Baths3
  • Story ListMain, Upper 1
  • Structure Design TypeDetached
  • Construction MaterialsCombination, Cedar
  • Property StyleCape Cod, Coastal
  • Bedrooms4
  • Full Bath5
  • Bathroom5
  • Laundry TypeMain Floor
  • Levels2
  • Fireplace FeaturesGas/Propane
  • Fireplace YNYes
  • Fireplace1
  • Garage TypeGarage - Front Entry
  • Garage Spaces2
  • GarageYes
  • Patio And Porch FeaturesDeck(s), Balcony, Porch(es), Patio(s), Wrap Around

Basic Information

  • MLS NumberMDWO2038582
  • Ownership InterestFee Simple
  • List Price$11,995,000
  • Square Feet5,000
  • Acreage3.16
  • Year Built1981
  • MLS Property TypeResidential
  • StatusACT

Parking

  • Parking FeaturesAsphalt Driveway
  • Parking TypesAttached Garage, Driveway
  • Total Garage And Parking Spaces12

Property

  • Property ConditionExcellent
  • Lot Size Dimensions0.00 x 0.00
  • New Construction YNN
  • Lot Description
    • Bulkheaded
    • Fishing Available
    • Landscaping
    • Marshy
    • Rip-Rapped
    • Tidal Wetland
  • FencingVinyl

Exterior

  • RoofArchitectural Shingle, Other
  • FoundationCrawl Space, Pilings, Other
  • Window FeaturesDouble Hung, Double Pane, Energy Efficient, ENERGY STAR Qualified, Screens, Skylights, Casement, Sliding, Wood Frame
  • Exterior FeaturesPrivate Beach

Property Information

  • Lot Size Square Feet137,649.6
  • Above Grade Finished Area5000

Amenities

  • Pool FeaturesIn Ground
  • PoolYes - Personal
  • Slips5
  • PricePerSqFt2399
  • Other Amenities
    • Beachfront
    • Dock
    • Fireplace
    • Pool
    • Water View
    • Waterfront

Other

  • Other Structures ListOther
  • ExclusionsPrimary bedroom and sitting room drapes, six chandeliers and two wall sconces
  • View Count7

Tax Information

  • Total Taxes Payment FrequencyAnnually
  • Tax Total Finished Sq Ft4,497
  • Tax Assessment Amount1694200
  • Tax Year2025
  • Taxes$21,814
  • County Tax$12,981.32
  • County Tax Payment FrequencyAnnually
  • Assessment Year2026
  • City Town Tax$7,049.73

Location

  • Address1546 Teal Drive
  • Area Total5,000
  • SubdivisionNone Available
  • TownOcean City
  • StateMD
  • Zip21842
  • CountyWorcester

Interior

  • FlooringCarpet, Ceramic Tile, Wood
  • Appliances Included
    • Commercial Range
    • Cooktop
    • Dishwasher
    • Disposal
    • Dryer
    • Extra Refrigerator/Freezer
    • Oven/Range - Gas
    • Washer
    • Water Heater
  • Heating YNYes
  • CoolingCentral A/C

Utilities

  • UtilitiesAbove Ground, Cable TV, Propane
  • Water SourcePublic
  • SewerPublic Sewer
  • Central Air YNYes
  • Cooling FuelElectric
  • Water HeaterPropane, Electric
  • Heating FuelElectric, Propane - Metered
  • Heat SystemCentral

Water Body

  • Water View YNYes
  • Waterfront FeaturesPrivate Dock Site, Rip-Rap, Sandy Beach, Navigable Water
  • WaterfrontYes
  • Water Body TypeBay
  • Water Body NameSinepuxent Bay
  • Water FeaturesBoat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Private Access, Private Beach
  • Water AccessYes
  • Tidal Water YNYes
  • Dock Type And FeaturesAgainst Bulkhead Only (Lateral), Hoist/Lift Electric, Private, Storage Area, Sun Deck
  • Dock Slip Conveyance MultiDeeded
  • Dock5

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 October 4, 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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