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506/200 59th Street

Ocean City MD 21842

1
1
486 sq. ft.
Condo
Currently for sale - view listing

Overview

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!

Features

1 bedroom
1 bathroom
486 sq. ft. floor area
Condo

Happy sellers in Ocean City

86%
86% of sellers in Ocean City reported that their sale price either exceeded or met their price expectations.

Ocean City stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 20 reviews in Ocean City over the last 12 months.

Local market activity for 1 bedroom condos in Ocean City

In the last 12 months, 208 one-bedroom condos similar to 506/200 59th Street, have been sold.

This represents a 6% decrease in one-bedroom condos sales when compared to the previous 12 months.

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(619) 566-0008
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