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1546 Teal DriveOcean City, MD 21842Price: $15,000,000

  • Price: $15,000,000
  • Est. Mortgage of $/month
  • 36 Days on Market
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$
%
$/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.
  • $15,000,000List Price
  • 4Bedrooms
  • 5Bathrooms
  • 5,000Square Feet
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.
Listed by Mechelle Nichols of Berkshire Hathaway HomeServices PenFed Realty

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 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$15,000,000
  • 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
  • PricePerSqFt3000
  • 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

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 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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