MLS# MDWO2026410 – 2 48th Street Unit 402, Ocean City, MD 21842

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

Price: $1,099,000

Beds: 3

Baths: 3

Living Area SqFt: 1,790

Status: Active

Property Type: Condominium

Year Built: 2008

Neighborhood: None Available

Days on Website: 32

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

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$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

$1,099,000 - 3Br/3Ba - for Sale in None Available, Ocean City

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

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 Access
Water Body Name: Atlantic Ocean
Water Body Type: Ocean
Water Oriented

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

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
33 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

$1,099,000 – 2 48th Street Unit 402, Ocean City, MD 21842

Street View

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This content last updated on November 21, 2024 4:02PM.