Ocean City, MD 21842,1533 TEAL DR
Ocean City, MD 21842,1533 TEAL DR
Ocean City, MD 21842,1533 TEAL DR
Ocean City, MD 21842,1533 TEAL DR
Ocean City, MD 21842,1533 TEAL DR
Ocean City, MD 21842,1533 TEAL DR
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$ 1,090,000
Est. payment | /mo

5 Beds

4 Baths

4,719 SqFt


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$ 1,090,000
Est. payment | /mo
Save

5 Beds

4 Baths

4,719 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 4,719 sqft

Price per Sqft $230

Lot Size 0.300 Acres

MLS Listing ID MDWO2036512

Financing Cash,Conventional

Style Coastal

Subdivision Mallard Island

Bedrooms 5

Full Baths 4

Short Sale No

HOA Y/N N

Originating MLS BRIGHT

Property Description

**Currently grossing over $150,000 annually in short-term rental income ** with the potential for more! This exceptional Ocean City property offers a rare opportunity to own a luxury coastal home with strong, established investment performance.
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 $1,499,900 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

1-purchase type For Sale

Exterior

Garage Additional Storage Area, Garage Door Opener

Garage Spaces 6

Pool In Ground

Waterfront N

Water Access N

Roof Type Architectural Shingle

Accessibility None

Parking Type Attached Garage, Driveway

Attached Garage 2

Total Parking Spaces 6

Building

New Construction N

Story 2

Foundation Block, Crawl Space

Sewer Public Sewer

Water Public

Architectural Style Coastal

Story 2

Additional Building Above Grade

Schools

School District Worcester County Public Schools

Others

Senior Community No

Pets Description No Pet Restrictions

Tax Amount $9,813

Tax Year 2026

Tax ID 2410040124

Ownership Fee Simple

SqFt Source 4719

Acceptable Financing Cash, Conventional

Horse Property N

Special Sale Standard

Pets Allowed Y

Bright MLS (BMLS)
Listed by Brittani Phillips • ERA Martin Associates, Shamrock Division

Nearby Locations

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