This property presents a rare opportunity to purchase a potential future building lot in Ocean City’s highly sought-after Mallard Island community. Opportunities to acquire land in this neighborhood are extremely limited, making this a compelling option for buyers seeking long-term flexibility or investment potential. This property must be purchased in conjunction with the adjacent home at #1533, and is being marketed accordingly at a total price of $1,499,000. While the seller does not guarantee development approval, the seller has communicated with Planning & Zoning and a licensed surveyor and has information on file available for prospective buyers to review. Buyer to perform all due diligence and obtain any required approvals. The property is currently improved with the adjacent home’s private pool, which would need to be removed in order to pursue future development. **Taxes and lot dimensions are unknown. Same tax as ID as 1533 Teal Drive as it currently are listed under one parcel in SDAT** 1533 Teal Dr is currently listed as MLS# MDWO2036512. Whether held for future use or explored as part of a long-term investment strategy, this property offers a truly rare land opportunity in one of Ocean City’s most exclusive residential communities.