1533 Teal Drive
Ocean City, MD 21842
- 5 beds
- 4 baths
- 4,719 sqft
- 13,040 sqft lot
- $336 per sqft
- 1977 build
**BUYER BONUS: This home has operated as a short term rental for the past nine months. All confirmed 2025 bookings, currently totaling $100k in revenue, will transfer to the buyer, who will receive all rental income from settlement date forward.**Don't miss this incredible opportunity to own your dream home on Mallard Island! Mallard Island is the best kept secret of Ocean City and one of the most sought-after custom home communities in OC. The island has only 42 homes which rarely come on the market. If you miss this one, you could be waiting years for another opportunity to be part of this amazing family-oriented community. This beautifully updated 5-bedroom, 4-bathroom home sits on a double lot, with the potential to subdivide (verify with Planning & Zoning). The private backyard is a relaxing oasis featuring a low-maintenance deck with kitchenette, a beautiful in-ground pool, a gas firepit, and tons of space for entertaining. The exterior is professionally maintained and boasts clean and modern accents, including a spacious covered front porch with a stylish steel entry door, exterior lighting, and a new front porch railing. Essential updates include a new oil tank, hot water heater, oil burner, and pool pump. In addition, a new patio door and two brand new high-efficiency HVAC systems (including ductwork were installed April 2025. Step inside and be wowed by this luxuious space! Over 4700 sf of living space with a variety of unique spaces to unwind and enjoy the easy living vibes of Ocean City. The main level features a bright and airy living room/dining room combination, all freshly painted with new lighting and blinds throughout, along with a fire place in the living room on the main level and a fireplace in upstairs gameroom/master! The kitchen shines with stainless steel appliances, granite countertops, and a stylish backsplash. A brand-new washer and dryer are also conveniently located on the main level as well as a large bedroom. The bathrooms have all been remodeled and tastefully decorated. Upstairs, you'll find the ultimate game room, with a wet bar, fireplace, and pinball machines for added fun. The game room can also be configured as a large primary bedroom suite. The upper level also includes an in-law suite with a separate entrance for privacy. The home is complete with a spacious two-car garage plus an additional side garage—perfect for storing beach toys, bikes, and more. A large private driveway provides ample space for multiple vehicles and easy guest access. This home is being delivered FULLY FURNISHED (as seen in photos) and a Pinterest dream! Don't let this rare Mallard Island gem slip away—schedule your showing today!
Last checked:
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Checking…
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Last updated May 3, 2025
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MLS# MDWO2029050 —
The Building
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Year Built:1977
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Other
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Building Name:None Available
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Structure Type:Detached
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Architectural Style:Coastal
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Levels:2
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Accessibility Features:None
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Foundation Details:Other
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Basement:No
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Above Grade Finished Area Units:Square Feet
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Above Grade Finished SqFt:4719
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Above Grade Finished SqFt Source:Assessor
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Below Grade Finished Area Units:Square Feet
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Below Grade Unfinished Area Units:Square Feet
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Below Grade Finished SqFt Source:Assessor
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Below Grade Unfinished SqFt Source:Assessor
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Tax Total Finished SqFt:4719
Interior
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Fireplace:Yes
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Fireplaces:2
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:4719
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Living Area SqFt:4,719 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:Settlement
Location
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Directions:1533 Teal Dr
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Latitude:38.35010000
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Longitude:-75.08326000
The Property
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Property Type:Residential
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Lot Size Units:Square Feet
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Lot Size Acres:0.30
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Lot Size Source:Assessor
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Lot Size Dimensions:0.00 x 0.00
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Lot Dimensions Source:Assessor
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Lot SqFt:13,040 Sqft
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Zoning:R-1
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In City Limits:Yes
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:R
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (443) 617-7146
- Office phone:
- (410) 823-0033
Taxes
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Tax ID Number:2410040124
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Tax Year:2024
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Tax Lot:58
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Tax Annual Amount:$9,252
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Tax Assessed Value:$661,033
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Year Assessed:2024
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County Tax:5586.00
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City/Town Tax:2925.00
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Total Taxes Payment Frequency:Annually
Beds
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Bedrooms:5
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Bedrooms Main Level:5
Baths
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Total Baths:4
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Full Baths:4
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Main Level Baths:4.00
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Main Level Full Baths:4
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Heat Pump(s)
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Heating Fuel:Electric, Oil
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Schools
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Elementary School:Ocean City
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Middle School:Stephen Decatur
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High School:STEPHEN DECATUR
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School District Name:Worcester County Public Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:Mallard Island
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Senior Community:No
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Pool:Yes - Personal
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HOA:No
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Condo/Coop Association:No
Parking
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Total Garage and Parking Spaces:6
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Garage:Yes
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Garage Features:Other
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Garage Spaces:2.00
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Type of Parking:Attached Garage, Driveway
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# of Attached Garage Spaces:2
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Driveway - # of Spaces:4
Extra Units
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Vacation Rental:No
Monthly cost estimate

Asking price
$1,590,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$8,513
|
Taxes | $771 |
Insurance | $437 |
Utilities | $271 See report |
Total | $9,992/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/9/25
Apr 9, 2025
|
Price Changed | BRIGHT | $1,590,000 | -5.1% |
3/6/25
Mar 6, 2025
|
Listed / Active | BRIGHT | $1,675,000 | 70.1% |
6/14/24
Jun 14, 2024
|
BRIGHT | $985,000 |