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Relaxed Ocean City Elegance. When you stay at Coconut Malorie , nestled in the natural wetlands overlooking the beautiful Isle of Wight Bay, you’ll enjoy an elegant resort experience that’s never formal or stuffy. This kid-geared resort is big on family fun and activities on site, plus it positions you just minutes away from the city’s famous Boardwalk, terrific outlet shopping and a wide variety of fishing, boating and golfing adventure.