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$195,000
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Property Description
Prime investment opportunity at the Coconut Malorie Resort in mid-town Ocean City, MD, located next to the iconic Fager's Island restaurant. This largest 1 BR/1 Bath floor plan in the building, offers extra living space that guests love, making it an ideal short-term rental or vacation get-way with income potential. Guests enjoy resort style amenities including a bayfront outdoor pool, sundeck and walkable access to restaurants, nightlife and the beach. Strong rental appeal thanks to its sough-after location, spacious layout and proximity to Ocean City's most popular bayside dining and sunset views. Turn-key opportunity to own in one of mid-town's most recognizable condo resorts. The Coconut Malorie amenities include an outside pool, hot tub, game room, billiard room, fitness center with views of the ocean & bay, 2 elevators, parking lot, huge lobby for relaxing, on-site security, and front desk agent. The quarterly HOA fee includes all utilities-water, sewer, heat & AC, insurance, cable TV & trash. This mid-town Ocean City, Maryland location is convenient to Rt. 90, the Roland E. Powell Convention Center and many of the city's local attractions. This unit is currently included in the Coconut Malorie's rental program.
Full Property Details
Full Property Details for 200 59th St #420
General
- Sold For: $195,000
- HOA FEE: $1,206/month
- HOA FEE FREQ.: Quarterly
- Taxes: $2,225 (2024)
- Status: Closed
- Type: Condo
- Source: BrightMLSMidAtlantic
- MLS ID: MDWO2037004
- Added to Site: 114 day(s) ago
Interior
- Interior Features: Breakfast Area, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Elevator, Kitchen - Eat-In, Bathroom - Soaking Tub
- Appliances: Dishwasher, Microwave, Oven/Range - Electric
- Furnished: Yes
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Main Floor Baths: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 1
- Bedrooms Main & Up: 1
Additional Information
- Shared Amenities: Billiard Room, Cable, Concierge, Elevator, Exercise Room, Fitness Center, Game Room, Laundry Facilities, Pool - Outdoor, Security
- Shared Pool: Yes
- Pool: Yes
Parking
- Parking Type: Parking Lot
Location
- Area: Bayside Waterfront (84)
- Municipality: Ocean City
- County: WORCESTER
- Building Name: COCONUT MALORIE RESO
- Driving Directions: Ocean Highway to 59th Street. Located inside the Coconut Malorie
School Information
- School District: Worcester County Public Schools
Community
- Association: Yes
- Assoc. Name: COCONUT MALORIE
- Assoc. Fees Include: Air Conditioning, Cable TV, Common Area Maintenance, Electricity, Ext Bldg Maint, Laundry, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Pool(s), Trash, Water, Pest Control, Insurance
- Pets Allowed: Yes
- Pets: Number Limit
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Ceiling Fan(s)
- Cooling Fuel: Electric
- Heating Type: Heat Pump(s)
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV, Electric Available, Water Available
Structural Information
- Architectural Style: Coastal
- Structure Type: Mid-Rise 5 - 8 Floors
- Construction: Stick Built, Mixed
- Common Walls: 2+ Common Walls
- Entry Floor Number: 4
- Elevator(s ): 2
- Stories Description: Main
- Square Feet: 954
- Sq. Ft. Source: Estimated
- Living Area: 954 Sq. Ft.
- Finished Above Grnd: 954 Sq. Ft.
- Year Built: 1989
- Year Built Source: Estimated
- Property Condition: Very Good
Unit Information
- Unit Floor in Bldg.: 5
Lot Features
- Zoning: B-1
Financial Considerations
- Price Per Sq. Ft.: $225.37
- Association Fee: $3,618
- Assoc Fee Freq.: Quarterly
- Assessment Year: 2024
- City/TownTax: $703
- City/TownTax Freq: Annually
- County Tax: $1,344
- County Tax Freq: Annually
- Tax w/Assessment: $159,000
- Tax Amount: $2,225
- Tax Year: 2024
- Terms: Standard Sale
Disclosures and Reports
- Ownership: Fee Simple
- Inclusions: All furnishings as seen
- Lot Number: 420
Listed by Berkshire Hathaway HomeServices PenFed Realty - OP, Wendy Wisch
Sold by Unrepresented, Unrepresented
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Schools
Schools serving 200 59th St #420
School District:Worcester County Public Schools
| Name | Grades | Distance |
|---|---|---|
Ocean City Elementary School 12828 Center Drive, Ocean City, MD 21842 | PK-4 | 3.3 mi |
Stephen Decatur Middle School, Berlin, MD 9815 Seahawk Road, Berlin, MD 21811 | 7-8 | 7.3 mi |
Stephen Decatur High School 9913 Seahawk Road, Berlin, MD 21811 | 9-12 | 7.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 200 59th St #420
Date
Details
Price
Change
Source
6/01/2026
Sold
$195,000
-9.3%
MLS
3/14/2026
Listed
$215,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
200 59th Street #420, Ocean City, MD 21842 (MLS# MDWO2037004) is a Condo property that was sold at $195,000 on June 01, 2026. Want to learn more about 200 59th Street #420? Do you have questions about finding other Condo real estate for sale in Ocean City? You can browse all Ocean City real estate or contact a Coldwell Banker agent to request more information.

