200 59TH ST #506 Active Save Request In-Person Tour Request Virtual Tour
Ocean City,MD 21842
Key Details
Property Type Condo
Sub Type Condo/Co-op
Listing Status Active
Purchase Type For Sale
Square Footage 486 sqft
Price per Sqft $452
Subdivision None Available
MLS Listing ID MDWO2031902
Style Unit/Flat
Bedrooms 1
Full Baths 1
Condo Fees $1,008/mo
Year Built 1989
Annual Tax Amount $1,689
Tax Year 2024
Property Sub-Type Condo/Co-op
Property Description
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!
Location
State MD
County Worcester
Area Bayside Waterfront (84)
Zoning B-1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Exterior
Parking On Site 1
Amenities Available Billiard Room,Cable,Elevator,Exercise Room,Game Room,Laundry Facilities,Pool - Outdoor,Security
Water Access N
Building
Story 1
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Worcester County Public Schools
Others
Special Listing Condition Standard
Pets Allowed Cats OK,Dogs OK
Virtual Tour https://my.matterport.com/show/?m=UKR7vgusGcG