Potential Future Building
For Sale
$409,000
1531 Teal Drive, Ocean City, MD 21842
Land in Ocean City’s Mallard Island community must be purchased with the adjacent home at #1533.
Property SizeContact for details
Days on Market189
Property Features for 1531 Teal Drive
General Information
Standard status
Active
Property subtype
Land / Fee Simple
Zoning
R-1
Taxes and HOA fees
Annual Taxes
$9,813
Amenities
No
Listing Agency:
ERA Martin Associates, Shamrock Division
(443) 504-5281
Listed By:
Brittani Phillips · License #652284
(443) 504-5281
Source:
Compass
Added: Feb 13
Changed: Aug 8
Last Checked: Mar 25 at 1:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA Martin Associates, Shamrock Division
Investment Insights
Based on property information with market context.
Offered for sale is a potential future building lot in Ocean City’s Mallard Island community. The seller indicates the property must be purchased in conjunction with the adjacent home at #1533 and is being marketed accordingly. Buyer should note that the seller does not guarantee development approval.
The property is currently improved with the adjacent home’s private pool, which would need to be removed to pursue future development. Taxes and lot dimensions are unknown. The seller has communicated with Planning & Zoning and a licensed surveyor and has information on file for prospective buyers to review, and the buyer will need to perform all due diligence and obtain any required approvals.
The parcel is listed as being in city limits. The nearest bus stop is reported as less than 1 mile away.
The property is currently improved with the adjacent home’s private pool, which would need to be removed to pursue future development. Taxes and lot dimensions are unknown. The seller has communicated with Planning & Zoning and a licensed surveyor and has information on file for prospective buyers to review, and the buyer will need to perform all due diligence and obtain any required approvals.
The parcel is listed as being in city limits. The nearest bus stop is reported as less than 1 mile away.
Key Highlights
- Land lot in Ocean City’s Mallard Island community in Worcester County (in city limits).
- Must be purchased with the adjacent home at #1533 Teal Drive; marketed as a combined purchase.
- Adjacent home currently has a private pool on the land that would need to be removed to pursue future development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
Business Placement
Demographics for 21842, MD
11,104
Population
32,684
Households
0.3
Avg Household Size
53
Median Age
39%
College-Educated
95%
High-School Grad
9.2 sq mi
ZIP Area
1,207
Density / Sq Mi
$75,372
Median Household Income
$40,189
Median Earnings
$1,258
Median Rent
$415,900
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land in Ocean City’s Mallard Island community must be purchased with the adjacent home at #1533.
Where is this residential land & home lot located?
The property is located at 1531 Teal Drive Ocean City, MD.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Land lot in Ocean City’s Mallard Island community in Worcester County (in city limits).; Must be purchased with the adjacent home at #1533 Teal Drive; marketed as a combined purchase.; Adjacent home currently has a private pool on the land that would need to be removed to pursue future development.
