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MLS# MDWO2020868 – 2 48th Street Unit 703, Ocean City, MD 21842

Open House
Sun September 22nd  12:30pm — 2:30pm
Price: $1,129,000
Beds: 3
Baths: 3
Living Area SqFt: 1,790
Status: Active
Property Type: Condominium
Year Built: 2008
Neighborhood: None Available
Days on Website: 133

Courtesy of Jonathan Barker, Keller Williams Realty Delmarva lwbunting@comcast.net

Property Description

Net Rental Income in 2024 was $50,527.36! The Gateway Grand #703 – A Luxurious Oceanfront Residence Nestled high above the surrounding properties, on the 7th floor of The Gateway Grand, #703 is a meticulously maintained 3-bedroom residence that epitomizes luxury living in Ocean City. This exquisite property boasts a spacious and open floorplan, providing an inviting ambiance and an abundance of natural light. One of its most striking features is the breathtaking southern-exposure panoramic views that grace this home. From its private balcony, residents and guests can revel in stunning vistas of the city skyline, the serene ocean, and the tranquil bay, making every moment a visual delight. Sunrise to Sunset this residence provides some of the most captivating views in the city. This residence has been lovingly cared for, with attention to detail evident in every corner. The living spaces are thoughtfully designed, offering both comfort and elegance. Whether you’re enjoying a meal in the gourmet kitchen, lounging in the living room, or retiring to one of the three cozy bedrooms, you’ll be enveloped in luxury. The Gateway Grand itself is Ocean City’s pinnacle of oceanfront living. With its impeccable amenities and prime location, it offers residents a lifestyle of convenience and sophistication. From the elegant lobby to the direct beach access, the heated indoor pool, or the state-of-art fitness center, every aspect of this building is designed to cater to the desires of discerning homeowners. In summary, The Gateway Grand #703 is not just a residence; it’s a sanctuary where you can indulge in the finest coastal living. Whether you’re captivated by the ocean’s waves, the city’s charm, or the bay’s tranquility, this property presents a unique opportunity to savor it all in one stunning package. Deeded mezzanine storage locker 143 conveys with residence. Buyer to honor any booked rentals for 2024.

Open House

Property Details and Features

  • Appliances & Equipment
  • 5 elevators
  • Built-In Microwave
  • Dishwasher
  • Disposal
  • Dryer
  • Freezer
  • Oven/Range – Electric
  • Refrigerator
  • Washer
  • Bathrooms
  • 3 total bathrooms
  • 3 bathrooms on main level
  • 3 full bathrooms
  • 3 full bathrooms on main level
  • Bedrooms
  • 3 bedrooms
  • 3 bedrooms on main level
  • 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
  • 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
  • Waterfront Features: Y
  • Sandy Beach
  • Heating
  • Electric
  • Central
  • 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
  • Laundry
  • Dryer In Unit
  • Washer In Unit
  • Listing
  • 134 days on market
  • $631 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: $2,912
  • City/Town Tax Pymnt Freq: Annually
  • County Tax: $5,438
  • County Tax Pymnt Freq: Annually
  • Tax Annual Amount: $9,071
  • Tax Year: 2023
  • Utilities
  • Electric Service: Circuit Breakers
  • Hot Water: Electric
  • Cable TV Available
  • Electric Available
  • Windows
  • Insulated
  • Screens

Property Map

$1,129,000 – 2 48th Street Unit 703, Ocean City, MD 21842

Street View

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This content last updated on September 20, 2024 5:02PM.