For sale by owner
    • $1,425,000

    1500 Teal Dr, Ocean City, MD 21842

    3beds
    2,046sqft
    : 
    SingleFamily
    Built in 1977
    0.26 Acres Lot
    $1,186,800 Zestimate®
    $696/sqft
    $-- HOA

    What's special

    Heated poolUpdated appliancesOutdoor showerRare two-car garage
    Stunning Bayfront Home on Exclusive Mallard Island – Prime 15th Street Location Welcome to this beautifully renovated 3-bedroom, 3-bath coastal retreat, perfectly situated in the highly sought-after Mallard Island neighborhood of Ocean City. This rare property offers the ideal blend of luxury, location, and lifestyle—whether you’re looking for a primary residence, a second home, or a high-performing rental. Step inside to an inviting open-concept kitchen and living area, designed for effortless entertaining and relaxed coastal living. The home features updated appliances, modern finishes throughout, and thoughtful upgrades made during a full renovation in 2014, along with a new roof installed in 2018 for added peace of mind. Enjoy the best of waterfront living with your own bayfront setting, complete with a heated pool and an outdoor shower—perfect for beach days, boating trips, and sunset lounging. The property also includes a rare two-car garage, offering excellent storage and parking convenience. This location is truly unmatched: • Only three blocks from the beach and boardwalk • Just one block from The Reel Inn, home of the world-famous White Marlin Open • Ideally positioned on 15th Street, considered prime Ocean City real estate Whether you're enjoying peaceful evenings by the bay or exploring everything the island has to offer, this home delivers the full coastal experience. As an investment, the property boasts a strong rental history—rented 10 weeks per year at $59K in revenue—making it an exceptional opportunity with proven income potential. Don’t miss your chance to own a piece of Ocean City’s most exclusive waterfront.
    What the owner loves about this home
    We bought this home in 2014 as a summer escape from the hustle and bustle of Northern Virginia — but what we found was so much more than a getaway. Nestled quietly in what we believe is Ocean City’s best neighborhood, it’s close to the beach, boardwalk, and nightlife, yet still private, peaceful, and safe thanks to nightly neighborhood patrols. When we purchased it, the home had belonged to a longtime Ocean City local who had recently passed away, and we felt honored to receive such history. We gave it a fresh, open-concept coastal feel that became the perfect place for gatherings with friends and family. Our two children were in high school at the time, and they couldn’t have been happier. We spent entire summers here — one year, they even stayed the whole season, working their first jobs at The Dough Roller, learning to surf, biking the neighborhood loop, and taking day trips to Assateague Island. We even fished the White Marlin Open once (we didn’t win, but we had a blast) — the boat was tied up right at the dock you see in the photos. Over the years, this house became more than a second home; it became the backdrop of countless memories and milestones. As our kids grew and life evolved, we found ourselves visiting less often, renting it to families who could experience the same joy it brought us. Now, as we spend more time in Florida, we know it’s time to pass this treasure on to its next owners — people who will make their own memories, laugh by the pool, watch the sunset from the deck, and feel the same magic this home gave us for over a decade.
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