NOT LISTED FOR SALE

200 59th St Unit 302 Ocean City, MD 21842

Ocean City Area

Estimated Value: $187,000 - $216,000

1 Bed
1 Bath
486 Sq Ft
1989 Built

Sale Details

Date Sold: February 13, 2026

Last sale price $196,400 $404 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,248 / mo

75 Days on Market

Highlights

  • Concierge
  • 50 Feet of Waterfront
  • Fitness Center
  • Ocean City Elementary School Rated A
  • Access to Tidal Water
  • 24-Hour Security

About This Home

As of February 2026

Discover Coconut Malorie #302, where stunning bayfront views meet unbeatable value! This 1-bedroom, 1-bath condo-hotel unit is perfectly located in Midtown Ocean City, offering the ideal blend of comfort, convenience, and resort-style amenities.
Enjoy sweeping views of the bay right from your unit, along with access to fantastic on-site features including a 24/7 front desk, outdoor pool, game room, gym, and library. With condo fees that cover electricity, cable, internet, water, and sewer, this property is truly maintenance-free, perfect for a relaxing getaway or a worry-free investment.
The building has recently undergone extensive updates, including pressure washing, new paint, roof and parking lot repairs, a new chiller, HVAC improvements, and structural upgrades, ensuring lasting quality and peace of mind.
With a strong rental history and prime location close to Ocean City’s best dining, shopping, and entertainment, Coconut Malorie #302 offers everything you need for a perfect beach escape or a smart income-generating property. Don’t miss your chance to own this slice of paradise and enjoy breathtaking sunsets over the bay!
Schedule a showing today!

Last Agent to Sell the Property

Ryan Haley

(410) 524-0919 ryan@ryanhaley.com Atlantic Shores Sotheby's International Realty Brokerage Phone: 4105240919 License #580256 Listed on: 10/30/2025

Atlantic Shores Sotheby's International Realty

Last Buyer's Agent

Alyson Kendall

(302) 539-0800 alysonkendall@northroprealty.com Northrop Realty License #RS-0040335

Northrop Realty

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,841

Year Built

  • Built in 1989

Lot Details

  • 50 Feet of Waterfront
  • Property Fronts a Bay or Harbor
  • Two or More Common Walls
  • Property is in very good condition

HOA Fees

  • $1,008 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Entry on the 3rd floor
  • Permanent Foundation

Interior Spaces

  • 486 Sq Ft Home
  • Furnished
  • Sliding Doors
  • Combination Dining and Living Room
  • Bay Views

Kitchen

  • Cooktop
  • Built-In Microwave

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Lot

Outdoor Features

  • Access to Tidal Water
  • Water Oriented
  • Property near a bay

Schools

  • Berlin Intermediate School
  • Stephen Decatur High School

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 302
  • Assessor Parcel Number 2410369363

Community Details

Overview

  • Association fees include cable TV, common area maintenance, electricity, heat, high speed internet, insurance, parking fee, management, pool(s), recreation facility, snow removal, trash, water, sewer
  • Mid-Rise Community
  • Coconut Malorie Condos
  • Coconut Malorie Reso Community
  • Property Manager
  • Property has 5 Levels

Amenities

  • Concierge
  • Game Room
  • Laundry Facilities
  • 2 Elevators

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • 24-Hour Security
  • Front Desk in Lobby
  • On-Site Manager or Management

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,841

Year Built

Built in 1989

Lot Details

0 Sq Ft Lot

HOA Fees

$1,008 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Coastal
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1989
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Washer Dryer Hookups YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Microwave, Built-In Microwave, Cooktop, Refrigerator
  • Entry Floor: 3
  • Interior Amenities: Combination Dining/Living, Flat
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Door Features: Sliding Glass
  • Elevators Count: 2
  • Foundation Details: Permanent
  • Levels Count: 5
  • Basement: No
  • Laundry Type: Common
  • Total Sq Ft: 486
  • Living Area Sq Ft: 486
  • Price Per Sq Ft: 431.89
  • Above Grade Finished Sq Ft: 486
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Mixed
  • View: Bay
  • Water Access: No
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Security: 24 Hour Security, Desk In Lobby, Resident Manager
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: No
  • Internet Services: Fixed Wireless

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3023.13
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Coconut Malorie
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Fitness Center, Game Room, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Cable Tv, Common Area Maintenance, Electricity, Heat, High Speed Internet, Insurance, Parking Fee, Management, Pool(s), Recreation Facility, Snow Removal, Trash, Water, Sewer
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Concrete

Schools

  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: BERLIN INTERMEDIATE SCHOOL

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Very Good
  • Zoning: B-1
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets Allowed: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 1841.00
  • Assessor Parcel Number: 2410369363
  • Tax Lot: 302
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2025
Closed on
Feb 13, 2026
Sold by
Vargas Jose O and Vargas Arlene
Bought by
Seller's Agent
Ryan Haley
Atlantic Shores Sotheby's International Realty
Buyer's Agent
Alyson Kendall
Northrop Realty
List Price
$209,900
Sold Price
$196,400
Premium/Discount to List
-$13,500
-6.43%
Views
58
Current Estimated Value
$198,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,696
Avg. Annual Appreciation
1.58%

Purchase Details

Listed on
Sep 16, 2021
Closed on
Nov 30, 2021
Sold by
Karagiannis Harriet
Bought by
Vargas Jose O and Vargas Arlene
Seller's Agent
Mike Foelber
Rutherford Realty
Buyer's Agent
Ryan Haley
Atlantic Shores Sotheby's International Realty
List Price
$145,900
Sold Price
$142,000
Premium/Discount to List
-$3,900
-2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.01%

Purchase Details

Closed on
Jun 24, 2005
Sold by
Ocean City Coconut
Bought by
Karagiannis Harriet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,900
Interest Rate
6%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Ocean City, MD

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$196,400 None Listed On Document
Vargas Jose O $142,000 First American Title Ins Co
Karagiannis Harriet $222,900 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $84,000
Closed Karagiannis Harriet $171,900
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/13/2026 02/13/26 Sold $196,400 -6.4% $404 / Sq Ft
10/30/2025 10/30/25 For Sale $209,900 +47.8% $432 / Sq Ft
11/30/2021 11/30/21 Sold $142,000 -2.7% $292 / Sq Ft View Prior Sale
10/29/2021 10/29/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $145,900 -- $300 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $1,836 $148,200 $74,100 $74,100
2025 $1,836 $134,433 $0 $0
2024 $1,684 $120,667 $0 $0
2023 $1,502 $106,900 $53,400 $53,500
2022 $1,484 $105,600 $0 $0
2021 $1,474 $104,300 $0 $0
2020 $1,461 $103,000 $51,500 $51,500
2019 $1,461 $103,000 $51,500 $51,500
2018 $1,451 $103,000 $51,500 $51,500
2017 $1,530 $107,800 $0 $0
2016 -- $107,800 $0 $0
2015 $2,047 $107,800 $0 $0
2014 $2,047 $108,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2034560

Bright MLS

APN: 10-369363

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