Courtesy of Jonathan Barker, Keller Williams Realty Delmarva lwbunting@comcast.net
Property Description
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.
Open House
Property Details and Features
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Appliances & Equipment
- 5 elevators
- Built-In Microwave
- Dishwasher
- Disposal
- Dryer
- Freezer
- Oven/Range – Electric
- Refrigerator
- Washer
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Bathrooms
- 3 total bathrooms
- 3 bathrooms on main level
- 3 full bathrooms
- 3 full bathrooms on main level
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Bedrooms
- 3 bedrooms
- 3 bedrooms on main level
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Building
- 1,790 sqft living area
- 1,790 sqft above grade (finished)
- Built in 2008
- Structure Type: Unit/Flat/Apartment
- Wall & Ceiling Types: Dry Wall
- 1 floor in unit
- 1 unit in building
- 17 levels in building
- 1 levels
- Unit/Flat
- Concrete
- Metal Siding
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Cooling
- Central Air
- Electric
- Central A/C
-
Doors
- Insulated
- Sliding Glass
-
Exterior Features
- Exterior Lighting
- Outside Shower
- Sidewalks
- Underground Lawn Sprinkler
-
Fees
- Other Fees Frequency: One Time
- Other Fees: $830
-
Floors
- Carpet
- Ceramic Tile
-
Foundation
- Pillar/Post/Pier
-
Garage
- 2 garage spaces
-
Water Features
- Water Body Name: Atlantic
- Water Body Type: Ocean
- Water Oriented
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Heating
- Electric
- Central
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Home Owner’s Association
- Condo/Coop Association
- Condo/Coop Fee : $922
- Condo/Coop Fee Freq: Monthly
- Common Grounds
- Elevator
- Exercise Room
- Fitness Center
- Game Room
- Meeting Room
- Party Room
- Pool – Indoor
- Pool – Outdoor
- Swimming Pool
- Common Area Maintenance
- Ext Bldg Maint
- Health Club
- Insurance
- Management
- Pool(s)
- Reserve Funds
- Water
-
Interior Features
- Carpet
- Ceiling Fan(s)
- Combination Dining/Living
- Combination Kitchen/Dining
- Crown Moldings
- Dining Area
- Entry Level Bedroom
- Flat
- Floor Plan – Open
- Pantry
- Primary Bath(s)
- Recessed Lighting
- Bathroom – Soaking Tub
- Sprinkler System
- Bathroom – Tub Shower
- Upgraded Countertops
- Walk-in Closet(s)
- WhirlPool/HotTub
- Window Treatments
-
Laundry
- Dryer In Unit
- Washer In Unit
-
Listing
- 358 days on market
- $614 per sqft
- Property SubType: Condominium
- Vacation Rental
-
Location
- Municipality: Ocean City
- County: Worcester
- Location Type: Oceanblock
- MLS Area: Oceanfront Indirect View (81)
- Subdivision: None Available
-
Lot
- Lot Size Dimensions: 0.00 x 0.00
- Premium
-
Parking
- Electric Vehicle Charging Station(s)
- Handicap Parking
- Lighted Parking
- Paved Driveway
- Secure Parking
- Surface
- Unassigned
-
Property
- Common Walls: 2+ Common Walls
- Other Structures: Above Grade,Below Grade
- Outdoor Living Structures: Balcony
- View: Bay,City,Ocean
-
Roof
- Flat
-
Schools
- School District: WORCESTER COUNTY PUBLIC SCHOOLS
-
Sewer
- Public Sewer
-
Taxes
- City/Town Tax: $3,188
- City/Town Tax Pymnt Freq: Annually
- County Tax: $6,088
- County Tax Pymnt Freq: Annually
- Tax Annual Amount: $10,084
- Tax Year: 2024
-
Utilities
- Electric Service: Circuit Breakers
- Hot Water: Electric
- Cable TV Available
- Electric Available
-
Windows
- Insulated
- Screens
Property Map
Street View
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This content last updated on October 18, 2024 5:02PM.