$1,099,000

2 48TH ST #402, Ocean City, MD 21842

3 beds |
3 baths |
1,790 sqft

Condominium
Built in 2008
—— sqft lot
2 car garage
$614/sqft
Listed 1 year ago

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, $49,044.24 in 2024 and $45,767.40 in 2025.

Listing Status:: Active
Listing Office:: Keller Williams Realty Delmarva : 4105246400
Listing Agent:: Jonathan M Barker : 4109353810
MLS ID:: MDWO2026410

General: CarpetCeiling Fan(s)Combination Dining/LivingCombination Kitchen/DiningCrown MoldingsDining AreaEntry Level BedroomFlatFloor Plan - OpenPantryPrimary Bath(s)Recessed LightingBathroom - Soaking TubSprinkler SystemBathroom - Tub ShowerUpgraded CountertopsWalk-in Closet(s)WhirlPool/HotTubWindow Treatments
Appliances: Built-In MicrowaveDishwasherDisposalDryerFreezerOven/Range - ElectricRefrigeratorWasher
Laundry: Dryer In UnitWasher In Unit
Flooring: CarpetCeramic tile
A/C: Central A/C
Heating: CentralElectric
Disability Feature: None

General: Exterior LightingOutside ShowerSidewalksUnderground Lawn SprinklerAbove GradeBelow Grade
Style: Unit/Flat
Other Structures: Balcony
Parking: ElectricVehicleChargingStationsHandicap ParkingLighted ParkingPaved DrivewaySecure ParkingSurfaceUnassigned

Roofing: Flat
Windows: InsulatedScreens
General: ConcreteMetal Siding1Pillar/Post/Pier

HOA Amenities: Common GroundsElevatorExercise RoomFitnessCenterGameRoomMeeting RoomParty RoomPool - IndoorPool - OutdoorSwimming PoolCommon Area MaintenanceExt Bldg MaintHealth ClubInsuranceManagementPool(s)Reserve FundsWater949.0Monthly
Originating MLS: BRIGHT_MAIN
School District: WORCESTER COUNTY PUBLIC SCHOOLS
County: WORCESTER-MD

Zoning: RESIDENTIAL2410763630
View: BayCityOcean

Utilities: Cable tv availableElectric availableCircuit breakers
Water: Public
Sewer: Public Sewer

Source: BRIGHT_MAIN
Exclusions: See Inventory Addendum

This listing courtesy of Jonathan M Barker, Keller Williams Realty Delmarva

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Ocean City Elementary School

12828 Center Dr, Ocean City, MD, 21842

Grades PK-4

2.82 miles away

Stephen Decatur Middle School

9815 Seahawk Rd, Berlin, MD, 21811

Grades 7-8

7.04 miles away

Stephen Decatur High School

9913 Seahawk Rd, Berlin, MD, 21811

Grades 9-12

6.98 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.