Patterson-Schwartz Real Estate200 59Th Street #506, Ocean City, MD 21842-5321 $220,000
Interior Sq. Ft: 486
Acreage:
Age:36 years
Style:
Unit/Flat
Subdivision: None Available
Design/Type:
Unit/Flat/Apartment
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!
Home Assoc: No
Condo Assoc: $1,008/Monthly
Basement: N
Pool: Yes - Community
Features
Utilities
Central Heating, Electric, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer
Garage/Parking
On Street, Other, Assigned Parking
Exterior
In Ground Pool
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-354-0118
Listing Courtesy of: Redfin Corp , (301) 658-6186
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 7/20/2025.
