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$1,099,000
64 Days On Site

Gateway Grand
2 48th St #402
Ocean City, MD 21842

For Sale|Condominium|Active
3
Beds
3
Full Baths
0
Partial Baths
1,790
SqFt
$614
/SqFt
2008
Built
Subdivision:
NONE AVAILABLE
County:
WORCESTER
Listing courtesy of Keller Williams Realty Delmarva

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2 48th St #4022 48th St #4022 48th St #4022 48th St #402
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Fantastic opportunity to own in the luxurious Gateway Grand complex in Ocean City, MD. This 3 bedroom 3 bath residence has been recently upgraded with fresh wall paint and a custom tile backsplash. The A-style floorplan offers guest privacy with each bedroom having an attached bathroom. The primary bedroom accesses the outdoor balcony and features ocean views. Step out onto the balcony each morning to watch the everchanging sunrise over the Atlantic Ocean. The Gateway Grand is an amenity rich building offering heating indoor and outdoor pools, a 24/7 fitness center, a kid's club room with video games and board games, conditioned beach storage, multiple owner's lounges, on-site management, on-site maintenance, and on-site security in the evenings. Residence 402 has access to two parking spaces in the controlled access parking garage, which now features 7 electric car chargers. The Gateway Grand will allow you to relax and enjoy your time at the beach without a care or worry. Deeded storage locker #185 conveys with this residence. This residence was in the rental program with Central Reservations and grossed nearly $47,000 in 2022 and $43,500 in 2023 and $49,044.24 in 2024. Some weeks were blocked in 2023 for owner use and it could produce more income if so desired by the new owners. Buyers to honor 2024 rentals.

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Listing Snapshot
Price 
$1,099,000
Days On Site 
64 Days
Bedrooms 
3
Inside Area (SqFt) 
1,790 sqft
Total Baths 
3
Full Baths 
3
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
2008
MLS® Number 
MDWO2026410
Status 
Active
Property Tax 
$10,084
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Attached Garage 
Yes
Garage 
Yes
Garage Spaces 
2
Number Of Stories 
1
Parking 
Attached
Parking Spaces 
2
Property Sub Type 
Condominium
Sewer 
Public Sewer
SqFt Above 
1790
SqFt Total 
1790
Style 
Unit/Flat
Utilities 
Cable Available
Water Source 
Public
Zoning 
Residential Condominium
Interior Features
Appliances 
DishwasherDisposalDryerRefrigeratorFreezerMicrowaveElectric OvenElectric RangeWasherElectric Water Heater
Cooling 
Central AirCeiling Fan(s)
Flooring 
CarpetCeramic Tile
Heating 
CentralElectric
Interior 
PantryWalk-In Closet(s)
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Exterior Features
Construction Details 
Metal Siding
Exterior 
Balcony
View 
BayWaterCityOcean
Waterfront 
Yes
Waterfront Features 
Ocean Front
Waterview 
BayWaterCityOcean
Community Features
Accessibility Features 
Therapeutic Whirlpool
Association Amenities 
PoolFitness CenterGame RoomMeeting RoomParty Room
Association Dues 
922
Community Features 
Pool
HOA Fee Frequency 
Monthly
MLS Area 
Oceanfront Indirect View (81)
School District 
WORCESTER COUNTY PUBLIC SCHOOLS
Schools
School District
WORCESTER COUNTY PUBLIC SCHOOLS
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Keller Williams Realty Delmarva



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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