Welcome To Your Ideal Ocean City Getaway At Coconut Malorie, Where Over A Million Dollars In Recent Building Renovations Make This Property A Fantastic Investment And An Incredible Place To Unwind. Located In A Prime Midtown Location, This 1-bedroom, 1-Bath Condo Offers The Perfect Blend Of Convenience And Luxury, Just A Short Distance Away From The Sand And Surf. Enjoy Breathtaking Nightly Sunsets And Panoramic Views Without The Million-Dollar Price Tag! This All-Tile Unit Features A Convenient Kitchenette, Making It Ideal For Both Personal Use And Potential Rental Income. Current Owners Produce A $30K Income Per Year Renting Via VRBO & Air BNB. With One Simple Monthly Fee, You Can Leave The Worries Of Utility Bills Behind. The Fee Covers Water, Sewer, Electric, Hazard Insurance, Trash Removal, Parking, And Access To Exceptional Community Amenities That Include Game Room, Billiards, Library, Outdoor Pool, Fitness Area & Cable! Easy To Show/PRICED TO SELL! NOTE: Dues will go up to $1, 007.71 per month in 2025 & a Special Assessment of $18, 000.00. SELLER'S ARE WILLING TO GIVE A CREDIT OF $5, 000.00 to Buyers with acceptable offer to offset these new costs.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- Ceiling Fan(s)
- Combination Dining/Living
- Combination Kitchen/Dining
- Combination Kitchen/Living
- Entry Level Bedroom
- Flat
- Floor Plan - Open
- Kitchen - Efficiency
- Sprinkler System
- WhirlPool/HotTub
- Window Treatments
Appliances
- Built-In Microwave
- Surface Unit
- Refrigerator
- Washer Dryer Hookup: No
Heating and Cooling
- Cooling Features: Central A/C
- Heating Features: Central, Forced Air
- Heating: Yes
Waterfront and Water Access
- Waterfront
- Waterfront Feet: 250
Garage and Parking
- Parking Features: Assigned, Paved Parking, Parking Lot Spaces: 1, Off Street, Parking Lot
- Parking Total: 1
Home Features
- View: Bay, Panoramic, Scenic Vista
Homeowners Association
- Association: No
- Association Fee: 810
- Association Fee Frequency: Monthly
- Calculated Total Monthly Association Fees: 810
School Information
- School District: WORCESTER COUNTY PUBLIC SCHOOLS
Other Property Info
- Municipality: Ocean City
- Annual Tax Amount: 1689.0
- Source Listing Status: Active
- County: WORCESTER
- Disclaimer: Standard
- Ownership: Condominium
- Source Property Type: Residential
- Area: WORCESTER
- Property Subtype: condo
- Postal Code Plus 4: 5321
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 486
- Year Built: 1989
- Above Grade Finished Area: 486
- Building Name: COCONUT MALORIE RESO
- Construction Materials: Dryvit
- Property Age: 35
- Levels or Stories: 1
- Structure Type: Unit/Flat/Apartment
- House Style: Unit/Flat
- Total Area Sqft: 486