Unit/Flat

2 48TH STREET 402

OCEAN CITY , MD 21842

MLS#: MDWO2026410

$1,099,000

Status: Active
Listing number: MDWO2026410
Listing provided by: Keller Williams Realty Delmarva
Listing agent phone: None
Last update: 6 months ago
On site: 9 months ago
Browse Properties
NONE AVAILABLE - Residential

Property

Beds

3

Full Baths

3

1/2 Baths

None

Year Built

2008

Sq.Footage

1,790

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 2025 rentals.

Features & Amenities

Interior

  • Other Interior Features

    Ceiling Fan(s), Pantry, Recessed Lighting, Walk-In Closet(s), Crown Molding, Open Floorplan, Soaking Tub

  • Total Bedrooms

    3

  • Bathrooms

    3

  • Above Grade Finished Area

    1790.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s), Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Central

  • Main Level Bedrooms

    3

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Construction Materials

    Concrete, Metal Siding

  • Other Exterior Features

    Balcony, Lighting

  • Parking

    Electric Vehicle Charging Station(s), Unassigned, Lighted, Secured, Garage, Parking Lot, Covered, Attached

  • Pool

    Yes

  • Pool Features

    Community

  • Waterfront YN

    NO

  • View

    Water, Bay, City, Ocean

Area & Lot

  • Property Type

    Residential

  • Property Sub Type

    Condominium

  • Architectural Style

    Unit/Flat

Price

  • Sales Price

    $1,099,000

  • Tax Amount

    10084.0

  • Zoning

    Residential Condominium

  • Sq. Footage

    1, 790

  • Price/SqFt

    $613

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    17

  • Accessibility Features

    Therapeutic Whirlpool

  • Association Amenities

    Fitness Center, Game Room, Meeting Room, Party Room, Elevator(s)

  • Foundation Details

    Pillar/Post/Pier

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

WORCESTER

Elementary School

Middle School

High School

Listing Courtesy of Jonathan M Barker , Keller Williams Realty Delmarva

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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 2025 rentals.

2 48TH STREET 402

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