1533 TEAL DR Ocean City, MD 21842
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Under Contract
Purchase Type For Sale
Square Footage 4,719 sqft
Price per Sqft $230
Subdivision Mallard Island
MLS Listing ID MDWO2036512
Style Coastal
Bedrooms 5
Full Baths 4
HOA Y/N N
Abv Grd Liv Area 4,719
Year Built 1977
Annual Tax Amount $9,813
Tax Year 2026
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Detached
Source BRIGHT
Property Description
Situated on Mallard Island, one of Ocean City's most coveted and tightly held waterfront-style communities, this exceptional residence blends luxury coastal living with long-term investment appeal.
Set on two lots, the property provides valuable future flexibility. The additional lot—currently home to the private pool—may offer the potential for subdivision or use as a separate building lot, subject to buyer verification with P&Z. This feature is seldom found in Ocean City and enhances both privacy today and long-term value. *Both lots are being sold together at a total price of $1,499,000 and not available separately*
Inside, the home has been thoughtfully updated and beautifully maintained. Recent improvements include new dual-zone HVAC systems, two new sliding glass doors, and a new stainless steel refrigerator and range. Offered fully furnished and decorated, the home is truly move-in or rent-ready from day one. The flexible floor plan includes an in-law suite with full kitchen and separate entrance, offering additional options for guest accommodations, multi-generational living, or added rental income potential.
Designed for comfort and entertaining, the spacious layout features multiple living areas, including a huge master suite currently used as a game room and wet bar, and two wood-burning fireplaces. The additional lot offers outdoor living at its finest, with a fenced backyard centered around the pool, an outdoor wet bar with granite countertops, and a fire pit—perfect for hosting family, friends, or guests enjoying a week at the beach. A rear shed provides convenient storage for pool and outdoor items.
Storage and functionality are equally impressive with a two-car garage plus an additional garage bay, ideal for bikes, beach gear, and coastal essentials.
Whether you envision this as a high-performing investment, a luxury second home, or a primary residence with income potential, this Mallard Island property delivers proven performance, flexibility, and lasting value in one of Ocean City's most desirable locations.
Location
State MD
County Worcester
Area Bayside Interior (83)
Zoning R-1
Rooms
Other Rooms Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Full Bath
Main Level Bedrooms 5
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Other
Fireplaces Number 2
Fireplaces Type Wood
Inclusions Sold Furnished
Furnishings Yes
Fireplace Y
Heat Source Electric, Oil
Laundry Main Floor
Exterior
Parking Features Additional Storage Area, Garage Door Opener
Garage Spaces 6.0
Pool In Ground
Water Access N
Roof Type Architectural Shingle
Accessibility None
Attached Garage 2
Total Parking Spaces 6
Garage Y
Building
Story 2
Foundation Block, Crawl Space
Above Ground Finished SqFt 4719
Sewer Public Sewer
Water Public
Architectural Style Coastal
Level or Stories 2
Additional Building Above Grade
New Construction N
Schools
School District Worcester County Public Schools
Others
Pets Allowed Y
Senior Community No
Tax ID 2410040124
Ownership Fee Simple
SqFt Source 4719
Acceptable Financing Cash, Conventional
Horse Property N
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Pets Allowed No Pet Restrictions
