8 months on rocket

1552 Teal Dr, Ocean City, MD, 21842

$4,700,000

5 Bedrooms
4 Full Baths, 1 Partial
4,632 SqFt
$1,015/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage Door Opener, Garage - Front Entry, Driveway, Attached Garage
Garage2 spaces
Year Built2004
HeatingHeat Pump
CoolingCentral Air, Ceiling Fan(s), Geothermal, Multi Unit(s)
FireplaceGas/Propane
ViewBay, Panoramic, Water
MLS #MDWO2015542
Lot Size0.55 Acres
StatusActive
(ACTIVE)

About 1552 Teal Dr

Here it is, your dream home! The prestigious Mallard Island home is located on the open bayfront facing West, situated on one of the best lots in town. Enjoy mesmerizing sunsets, the home is perfect for entertaining, boasting a beautiful pool, with rock waterfalls, and tanning shelf, and a pier with a dock, at your door. The lovely 3-story home has 5 bedrooms, including an in-law/ guest suite on the first floor. The home's elevator goes to all 3 stories, for your convenience. This lovely property has a timeless elegance, and lots of natural light, drawing the outside into its spacious open floor plan. The great room includes a granite wet bar, with a fridge, and a gas fireplace for cozy winter days. The well-appointed kitchen is fantastic, and large, with high-end cabinets, and granite countertops, including waterfront views. The dining area often seats 30 for holiday gatherings. The home is tastefully done and feels warm and inviting. The amazing master waterfront bedroom has a large sitting room, to enjoy the sunsets, a large En-suite bath, and his and her closets. The home boasts incredible views throughout, and no expense was spared. The heating system is geothermal for low-cost heat and cooling. The much sought-after convenient location in “Old Town” OC, is a low-density, quiet area. Walk to the beach and boardwalk, or Harbour Island’s Reel Inn for drinks or dinner. There’s always something to see out your big windows, views of both bridges, the wildlife, along with the prettiest sunsets make this home, a rare find. Put your money on a sunset! The home sits on Lot 17, the detached garage sits on Lot 16, connected by a breezeway. The sellers wish to retain the lot with the detached garage. Contact Listing Agent for details.

Property Details

Property Features

Property Information:

  • Architectural Style: Coastal
  • Year Built: 2004
  • Living Area: 4,632 SqFt

Listing Office:

  • Office Name: Holiday Real Estate
  • Office Phone: (410) 524-7700
  • Listing Agent: Denise A Milko

Interior Features

Interior Information:

  • Basement: No
  • Fireplace: Gas/Propane

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • View: Bay, Panoramic, Water

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Garage Door Opener, Garage - Front Entry, Driveway, Attached Garage

Lot Features

Lot Information:

  • Lot: Seawall
  • Lot Size: 0.55 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air, Ceiling Fan(s), Geothermal, Multi Unit(s)

School Info

Assigned Schools Information:

  • Stephen Decatur High School, Public District Grades 9-12
  • Stephen Decatur Middle School, Public District Grades 7-8
  • Berlin Intermediate School, Public District Grades 4-6
  • Ocean City Elementary School, Public District Grades PK-4

Other

Directions Information:

  • Directions: 15th Street West towards Mallard Island, follow around to 1525 Teal Drive

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,700,000
  • Price Per SqFt: $1,015/SqFt

Tax Information:

  • Annual Amount: $18,674
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Ocean City, MD.

Med. Sold Price

$440.2K

Med. Price/SqFt

$432

Avg. Days On Market

45

# of Sold Homes

89

1552 Teal Dr vs Ocean City

269 DAYS ON ROCKET

+224 Days

$4,700,000

+$4.2M More

$1,015/SqFt

+$582 More

KEY TAKEAWAY

This property is $4.2M more than the Median Sold Price and $582/SqFt more than other homes in Ocean City, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDWO2015542

Listing Office:

  • Office Name: Holiday Real Estate
  • Office Phone: (410) 524-7700
  • Listing Agent: Denise A Milko

IDX 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 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. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 7:10:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 23, 2003Home Sold
$1,500,000

Tax History

YEARPROP. TAXASSESSMENT
2021$18,674$1,321,467
2020$18,514$1,310,400
2019$17,956$1,262,200
2018$17,149$1,214,000
2017$16,468$1,165,800

History based on county public records data.

Payment Calculator

$23.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$14.1K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2948292
10
/10
  • Ocean City Elementary School

  • 12828 Center Dr

  • 1.29 miles

  • Public District Grades PK-4

Middle School

school-card-donut-2948293
8
/10
  • Stephen Decatur Middle School

  • 9815 Seahawk Rd

  • 5.78 miles

  • Public District Grades 7-8

school-card-donut-2948294
7
/10
  • Berlin Intermediate School

  • 309 Franklin Ave

  • 7.02 miles

  • Public District Grades 4-6

High School

school-card-donut-2948295
6
/10
  • Stephen Decatur High School

  • 9913 Seahawk Rd

  • 5.82 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $55,076. Most Ocean City, MD residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1552 Teal Dr

What is the listing price of this property?

The listing price of 1552 Teal Dr property is $4,700,000.

What type of property is this?

The property 1552 Teal Dr is a house located in Ocean City, Maryland, 21842.

Is this property for sale now?

Active Listing: 1552 Teal Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1552 Teal Dr are:
Ocean City Elementary School: GreatSchools Rating 10/10
Stephen Decatur Middle School: GreatSchools Rating 8/10
Berlin Intermediate School: GreatSchools Rating 7/10
Stephen Decatur High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $18,674 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 23, 2003 for $1,500,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1552 Teal Dr has 5 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 1552 Teal Dr is 4,632 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1552 Teal Dr is 2004.
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Rocket HomesMarylandWorcester CountyOcean City218421552 Teal Dr

This home is located at 1552 Teal Dr in Ocean City, MD and zip code 21842. This 4,632 square foot home, which was built in 2004, sits on a 0.55 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since August 03, 2023 and is currently priced at $4,700,000.

In March 2024, from all listings sold in Ocean City, MD there were more than 12 sold above asking price, over 61 sold below and more than 16 were sold right at the asked price. The number of listings in Ocean City, MD increased by 9.3% between February 2024 and March 2024. Listings spent 45 days on the market in March 2024, and had a median list price of $440,233 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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