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200 59th Street Unit 506

Ocean City, MD 21842

1 bed
1 bath
486 sqft
$483 per sqft
1989 build

INVESTORS AND BUYERS THAT WANT GUARANTEED SUPPLEMENTAL INCOME Take a look at this Beautiful unit in COCONUT MALORIE 5TH FLR UNIT OVERLOOKING BAY, FAGERS, AND 90 BRIDGE! Don't miss this opportunity to own one of the top floor units facing the bay with vaulted ceilings. Furnished and ready for your enjoyment. This building has many resort hotel amenities, including rental opportunities for hotel or ownership. Enjoy coffee offered every morning in the lobby, as well as access to a billiard room, fitness center, bayside outdoor pool, garage parking, front desk assistance, on-site management, and the condo fee includes high speed internet, cable, gas, water, electricity, trash, building management, and much more. There is some refurbishing that will take place to make the building more modern and up to date. The location is excellent, it is within walking distance to Fagers—just steps away! Right off of Route 90, so you don't have to fight Coastal Hwy traffic in the summer. *1 yR ANNUAL RENTAL LEASE MUST BE HONORED. RENTED STARTING MAY 1, 2025 TO APRIL 30, 2026 WITH POSSIBLE 2 YR EXTENSION!

Listing courtesy of BRIGHT / Redfin Corp

Last checked: Checking… • Last updated May 6, 2025 •

MLS# MDWO2026734 —

The Building

Year Built:

1989
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Other
Building Name:

Coconut Malorie Reso
Unit Building Type:

Mid-Rise 5 - 8 Floors
Structure Type:

Unit/Flat/Apartment
Architectural Style:

Unit/Flat
Levels:

1
Entry Floor Number:

5
Window Features:

Sliding
Accessibility Features:

Elevator
Basement:

No
Unit Number:

506
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Above Grade Finished Area Units:

Square Feet
Above Grade Finished SqFt:

486
Above Grade Finished SqFt Source:

Assessor
Below Grade Finished Area Units:

Square Feet
Below Grade Unfinished Area Units:

Square Feet
Below Grade Finished SqFt Source:

Assessor
Below Grade Unfinished SqFt Source:

Assessor
Tax Total Finished SqFt:

486

Interior

Interior Features:

Bathroom - Jetted Tub, Bathroom - Tub Shower, Breakfast Area, Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Elevator, Floor Plan - Open, Kitchen - Galley
Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

486
Living Area SqFt:

486 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Negotiable, Settlement

Location

Directions:

Use GPS
Latitude:

38.38325000
Longitude:

-75.06922000
Location Type:

Bayblock

The Property

Property Type:

Residential
Lot Size Dimensions:

0.00 x 0.00
Lot Dimensions Source:

Assessor
Lot Features:

Tidal Wetland
Zoning:

B-1
View:

Bay
In City Limits:

Yes
Other Structures:

Above Grade, Below Grade
Waterview:

Yes
Waterfront:

No
Water Oriented:

Yes
Water Access:

Yes
Water Access Features:

Canoe/Kayak, Fishing Allowed, Public Beach, Public Access, Swimming Allowed, Waterski/Wakeboard
Distance To Water:

Blocks
Distance To Body Of Water:

1
Water Body Name:

Assawoman Bay
Water Body Type:

Bay
Navigable Water:

Yes
Tidal Water:

No
Land Use Code:

U
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

2410369827
Tax Year:

2024
Tax Lot:

506
Tax Annual Amount:

$1,689
Tax Assessed Value:

$120,667
Year Assessed:

2024
County Tax:

1020.00
City/Town Tax:

534.00
Total Taxes Payment Frequency:

Annually

Beds

Bedrooms:

1
Bedrooms Main Level:

1

Baths

Total Baths:

1
Full Baths:

1
Main Level Baths:

1.00
Main Level Full Baths:

1

The Listing

Virtual Tour

Heating & Cooling

Cooling Type:

Central A/C, Ceiling Fan(s)
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Central
Heating Fuel:

Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Appliances

Appliances:

Built-In Microwave, Built-In Range, Cooktop, Refrigerator, Stove
Washer/Dryer/Hook Up in Unit:

No

Schools

School District Name:

Worcester County Public Schools
School District Source:

Listing Agent

The Community

Subdivision Name:

None Available
Senior Community:

No
Pool:

Yes - Community
Community Pool Features:

Fenced, Gunite, In Ground
HOA:

No
Condo/Coop Association:

Yes
HOA/Condo/Coop Amenities:

Exercise Room, Pool - Outdoor, Security, Elevator, Cable, Game Room, Billiard Room, Laundry Facilities
Condo/Coop Fee:

$1,008
Condo/Coop Fee Frequency:

Monthly
HOA/Condo/Coop Fee:

High Speed Internet, Cable TV, Electricity, Gas, Water, Trash, Ext Bldg Maint, Pool(s), Snow Removal, Common Area Maintenance, Lawn Maintenance, Recreation Facility, Pest Control
Condo/Coop Name:

Coconut Malorie

Parking

Total Garage and Parking Spaces:

1
Garage:

No
Type of Parking:

Off Street, On Street
Parking Features:

Free, Private, Public, Unassigned
Off Street - # of Spaces:

1

Extra Units

Vacation Rental:

No

Monthly cost estimate

Asking price

$235,000

Expense	Monthly cost
Mortgage	$1,258
Taxes	$140
Insurance	$64
HOA fees	$1,008
Utilities	$116 See report
Total	$2,586/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
12/9/24 Dec 9, 2024	Price Changed	BRIGHT	$235,000	-4.1%
11/7/24 Nov 7, 2024	Listed / Active	BRIGHT	$245,000

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This condo located in Ocean City 21842 is currently for sale for $235,000. 200 59th Street Unit 506 is a 486 square foot condo with 1 bed and 1 bath. This condo is in the attendance area of Stephen Decatur Middle School, Berlin Intermediate School, Stephen Decatur High School, and Ocean City Elementary School.

Listing Courtesy of: BRIGHT and Redfin Corp.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.