A propeller drive assembly, for steering and driving a ship (1), comprises a drive motor (2) and a transmission housing (4) secured to a ship hull and a control housing (7) secured to an exterior surface of the hull. The control housing (7) comprises a propeller (8) supported on a driven shaft (6) and the control housing (7) is pivotably coupled, via a steering shaft (10), to the transmission housing (4) for steering the ship (1). A transmission output shaft (5) is connected with the driven shaft (6) and a lubricant circuit of the transmission housing (4) is separate from a lubricant circuit of the control housing (7). At least one sealing element is provided, in a region of a shaft passage of the transmission output shaft (5) and in a region of a shaft passage of the steering shaft (10), for mutually sealing the transmission housing lubricant circuit and the control housing lubricant circuit.