200 59th St Unit 506 Ocean City, MD 21842
Estimated payment $2,348/month
Total Views
25,256
1
Bed
1
Bath
486
Sq Ft
$453
Price per Sq Ft
Highlights
- Fitness Center
- Community Pool
- Elevator
- Ocean City Elementary School Rated A
- Game Room
- Security Service
About This Home
ATTENTION INVESTORS & BUYERS SEEKING GUARANTEED INCOME!
Discover this stunning top-floor unit at Coconut Malorie, offering breathtaking views of the bay, Fager’s Island, and the Route 90 bridge. This beautifully furnished 5th-floor condo features soaring vaulted ceilings and is move-in ready for your personal enjoyment or rental income.
The building boasts resort-style amenities, including daily morning coffee in the lobby, a billiard room, fitness center, bayside outdoor pool, garage parking, front desk assistance, on-site management, and more. The comprehensive condo fee covers high-speed internet, cable, gas, water, electricity, trash, and building maintenance—allowing for a truly worry-free experience.
Exciting updates are planned to modernize the building, further enhancing its value. Enjoy an unbeatable location within walking distance to Fager’s Island and steps from Route 90, making summer travel a breeze without the Coastal Highway traffic.
Please note: A one-year annual lease must be honored. The unit is rented from May 1, 2025, through April 30, 2026, with a possible two-year extension—providing you with immediate, guaranteed rental income.
Don’t miss this exceptional investment and lifestyle opportunity!
Bundled service pricing available for buyers. Connect with the listing agent for details!
Listing Agent
Danielle Bullinger
Redfin Corp License #658009 Listed on: 07/10/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,689
Year Built
- Built in 1989
HOA Fees
- $1,008 Monthly HOA Fees
Interior Spaces
- 486 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
Parking
- On-Street Parking
- 1 Assigned Parking Space
Location
- Flood Risk
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 506
- Assessor Parcel Number 2410369827
Community Details
Overview
- Association fees include cable TV, common area maintenance, electricity, exterior building maintenance, gas, high speed internet, lawn maintenance, pest control, recreation facility, snow removal, trash, water
- Mid-Rise Condominium
- Coconut Malorie Reso Community
Amenities
- Game Room
- Billiard Room
- Laundry Facilities
- Elevator
Recreation
- Fitness Center
- Community Pool
Pet Policy
- Dogs and Cats Allowed
Security
- Security Service
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $1,684 | $134,433 | $0 | $0 |
| 2024 | $1,684 | $120,667 | $0 | $0 |
| 2023 | $1,507 | $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 | $124,400 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | For Sale | $220,000 | -- | $453 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $102,000 | Brennan Title Company | |
| Deed | $232,900 | -- | |
| Deed | $232,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $200,700 | Purchase Money Mortgage | |
| Previous Owner | $200,700 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Ocean City, MD
Source: Bright MLS
MLS Number: MDWO2031902
APN: 10-369827
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