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.
Sold for $195,000
Zestimate®
$195,000
200 59th St #420, Ocean City, MD 21842
1beds
954sqft
Apartment
Built in 1989
-- sqft lot
$195,000 Zestimate®
$204/sqft
$2,444 Estimated rent
Home value
$195,000
$177,000 - $215,000
$2,444/mo
Zestimate® history
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List your homeWhat's special
Game roomParking lotHuge lobby for relaxingBilliard roomSpacious layoutBayfront outdoor poolOutside pool
Zillow last checked:
Listing updated:
Listed by:
Wendy Wisch 443-467-9385,
Berkshire Hathaway HomeServices PenFed Realty - OP
Bought with:
Unrepresented
Unrepresented
Source: Bright MLS,MLS#: MDWO2037004
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Basement
- Area: 0
Heating
- Heat Pump, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dishwasher, Microwave, Oven/Range - Electric, Electric Water Heater
Features
- Breakfast Area, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Elevator, Eat-in Kitchen, Soaking Tub
- Has basement: No
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 954
- Total interior livable area: 954 sqft
- Finished area above ground: 954
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Lot
Accessibility
- Accessibility features: Accessible Elevator Installed
Features
- Levels: One
- Stories: 1
- Pool features: Community
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 2410369762
- Zoning: B-1
- Special conditions: Standard
Construction
Type & style
- Home type: Apartment
- Architectural style: Coastal
- Property subtype: Apartment
- Attached to another structure: Yes
Materials
- Stick Built, Mixed
Condition
- Very Good
- New construction: No
- Year built: 1989
- Major remodel year: 2023
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Available, Water Available
Community & HOA
Community
- Subdivision: None Available
HOA
- Has HOA: Yes
- Amenities included: Billiard Room, Cable TV, Concierge, Elevator(s), Fitness Center, Game Room, Laundry, Pool, Security
- Services included: Air Conditioning, Cable TV, Common Area Maintenance, Electricity, Maintenance Structure, Laundry, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Maintenance Grounds, Pool(s), Trash, Water, Pest Control, Insurance
- HOA fee: $3,619 quarterly
- HOA name: COCONUT MALORIE
Location
- Region: Ocean City
- Municipality: Ocean City
Financial & listing details
- Price per square foot: $204/sqft
- Tax assessed value: $159,000
- Annual tax amount: $2,225
- Date on market: 3/14/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
- Inclusions: All Furnishings As Seen
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Sold | $195,000-9.3%$204/sqft |
Source:  Bright MLS #MDWO2037004 Report a problem | ||
| 5/15/2026 | Pending sale | $215,000$225/sqft |
Source: Bright MLS #MDWO2037004 Report a problem | ||
| 3/14/2026 | Listed for sale | $215,000-28.3%$225/sqft |
Source: Bright MLS #MDWO2037004 Report a problem | ||
| 9/21/2024 | Listing removed | $300,000$314/sqft |
Source: Bright MLS #MDWO2020752 Report a problem | ||
| 7/29/2024 | Price change | $300,000-7.7%$314/sqft |
Source: Bright MLS #MDWO2020752 Report a problem | ||
| 6/4/2024 | Price change | $325,000-7.1%$341/sqft |
Source: Bright MLS #MDWO2020752 Report a problem | ||
| 5/4/2024 | Listed for sale | $350,000$367/sqft |
Source: Bright MLS #MDWO2020752 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Midtown
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Nearby schools
GreatSchools rating
- 10/10Ocean City Elementary SchoolGrades: PK-4Distance: 3.3 mi
- 10/10Stephen Decatur Middle SchoolGrades: 7-8Distance: 7.4 mi
- 7/10Stephen Decatur High SchoolGrades: 9-12Distance: 7.2 mi
Schools provided by the listing agent
- District: Worcester County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Maryland
- Worcester County
- Ocean City
- 21842
- Midtown
- 200 59th St Unit 420
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