* INCOME PRODUCING * Tucked away in the charming Fairbank community on Tilghman Island a delightful waterfront home captures the very best of Eastern Shore living. Overlooking the serene waters of Blackwalnut Cove with approximately 3’ MLW, the property blends classic cottage character with thoughtful modern enhancements. The original portion of the home reflects its roots as a cozy summer cottage, complete with a charming screened porch perfect for enjoying warm breezes and waterfront views. A connected wing was elevated 10 feet and now features a spacious two-car garage on the main level, offering abundant storage for boats, kayaks, and gear. The rear wing provides exceptional versatility with a private studio apartmentcurrently a licensed B & B with its own entranceideal for guests, rental income, or multigenerational living. Inside the main home, a wood-burning fireplace invites you to curl up on cool days and evenings, while the screened porch becomes the heart of the home during warmer months. With 4 bedrooms and 3 baths, this property offers comfort, flexibility, and the relaxed coastal lifestyle that defines the Eastern Shore. Appointment-only showings. Do not enter the property without an appointment.
Single-familyProperty Type
1968Year Built
0.91 acresLot Size
$325Price/Sq.Ft.
2 car garageParking
Listed by Tracy Higgs Wagner• Meredith Fine Properties
The Village Residential District provides for low- or moderate-density residential use. Limited new infill residential development is directed to this district, so that the environment and natural resources of nearby rural areas are protected and preserved. These districts may have public water and/or sewer service; however, these services should not be the basis for new development inconsistent with the established scale or character of the Village.
Permitted uses
Include but are not limited to:
Agriculture
Gas station
Housing-Group
Housing-Single unit
Fire house
Police station
Post office
Park & open space
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 104° expected this year, 16 days in 30 years
7/10 Wind Factor
79% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Tilghman, MD • 21671
Average low and high temperatures (°F)
38
27
42
31
57
43
66
52
72
60
82
70
87
75
80
69
77
66
68
56
58
47
44
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
99/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 19% for direct sun exposure in Tilghman. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.3 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4938 Fairbank Rd
$909,042
$16K under list price of $925K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $680K to $1.6M.