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For sale
  • $1,339,000

    2 48th St Unit 1002, Ocean City, MD 21842

    3beds
    1,790sqft
    : 
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    Condominium
    Built in 2008
    -- sqft lot
    $1,281,000 Zestimate®
    $748/sqft
    $982/mo HOA

    What's special

    Custom raised-height islandHigh-impact glassAdvanced sound insulationPrivate sun deckTailored backsplashUpgraded appliance package
    Most buyers think “oceanfront” is always the best, and while that’s OFTEN true, it’s NOT ALWAYS true. Let’s look at a perfect example of why. Unit 1002 at The Gateway Grand, widely considered the most well-built luxury oceanfront high-rise in Ocean City, MD, might not check the traditional oceanfront box, but what it offers in views, and how you experience those views, tends to change people’s minds quickly. Sitting on the south side at the 10th floor, high above anything around it, the perspective opens up in a way most don’t expect. The view isn’t limited to just the ocean. It stretches for miles. Ocean in front of you, the downtown Ocean City skyline running south, Assateague Island in the distance, and sweeping bay views to the west. Sunrise to sunset! And because of the southern exposure, this residence benefits from more consistent natural light throughout the day and reduced exposure to the harsher northeast coastal winds and storms compared to many direct oceanfront units. The result is a more balanced, usable space year-round. Then there’s the part most people don’t think about until they see it. From the primary bedroom, the ocean is right there. Not from an angle, not from across the room, but directly in your line of sight from bed. Inside, this 3-bedroom, 3-bathroom residence has been extensively updated in all the highest impact ways. Luxury plank flooring runs throughout the main living areas. The kitchen has been reworked with new quartz countertops, a custom raised-height island, upgraded appliance package, and a tailored backsplash. Bathrooms and lighting and vanities have all been updated, and custom millwork carries throughout, adding a level of finish that stands apart from standard renovations. The Gateway Grand itself operates on a different level than anything else in Ocean City. Not louder, just better built. It is the only building in the area constructed to exceed Miami-Dade County hurricane standards, with high-impact glass, advanced sound insulation, and an ultra-efficient two-pipe water-source HVAC system. These construction features provide increased durability, improved energy efficiency, and noticeably reduced interior noise compared to typical coastal condominium buildings. Access is controlled through a secured lobby with RFID entry, supported by on-site management and nightly security. The covered, gated parking structure offers more available parking than most competing buildings. Amenities are complete without feeling crowded, including indoor and outdoor heated pools overlooking the ocean, a private sun deck, a fully equipped oceanview fitness center, a children’s club, and deeded, conditioned storage for beach equipment. And when it comes to ownership, there’s another layer most buyers don’t think about. Owners in Gateway Grand historically hold pricing, which has helped maintain stronger long-term value compared to many other Ocean City condo buildings. This isn’t just a different unit. It’s a different way to look at what oceanfront living in Ocean City really means. This residence is ideal for buyers searching for a luxury 3-bedroom oceanfront or oceanview condo in Ocean City, MD with panoramic ocean, bay, and city views, high-end construction, full-service amenities, and strong long-term value potential. *Storage locker #104 will be included with this sale.
    91 days
    |
    350
    |
    10
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Grant Fritschle 410-430-5880,

    Keller Williams Realty Delmarva 4105246400,

    Listing Team: The Fritschle Barker Group, Co-Listing Team: The Fritschle Barker Group,Co-Listing Agent: Jonathan M Barker 410-935-3810,

    Keller Williams Realty Delmarva

    Source: Bright MLS,MLS#: MDWO2037756MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bathrooms: 3
      • Main level bedrooms: 3
      Basement
      • Area: 0
      Heating
      • Heat Pump, Electric
      Cooling
      • Central Air, Ceiling Fan(s), Electric
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Oven/Range - Electric, Washer, Electric Water Heater
      • Laundry: Dryer In Unit, Washer In Unit, In Unit
      Features
      • Crown Molding, Entry Level Bedroom, Walk-In Closet(s), Dry Wall
      • Flooring: Carpet
      • Doors: Insulated, Sliding Glass
      • Windows: Insulated Windows, Screens, Window Treatments
      • Has basement: No
      • Has fireplace: No
      • Common walls with other units/homes: 2+ Common Walls
      Interior area
      • Total structure area: 1,790
      • Total interior livable area: 1,790 sqft
      • Finished area above ground: 1,790
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Covered, Electric Vehicle Charging Station(s), Handicap Parking, Lighted, Paved, Secured, Unassigned, Attached, Parking Lot
      • Attached garage spaces: 2
      Accessibility
      • Accessibility features: None
      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Lighting, Outdoor Shower, Sidewalks, Underground Lawn Sprinkler, Balcony
      • Pool features: Community
      • Has spa: Yes
      • Spa features: Bath
      • On waterfront: Yes
      • Waterfront features: Sandy Beach, Ocean
      • Body of water: Atlantic
      • Frontage length: Water Frontage Ft: 30
      Details
      • Additional structures: Above Grade, Below Grade
      • Parcel number: 2410764491
      • Zoning: RESIDENTIAL CONDOMINIUM
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Concrete, Metal Siding
      • Roof: Flat
      Condition
      • New construction: No
      • Year built: 2008
      Details
      • Builder model: A
      • Builder name: Bovis Leandlease

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Available

      Community & HOA

      Community
      • Features: Pool
      • Security: Fire Sprinkler System
      • Condo and coop fee: $982 monthly
      • Subdivision: None Available
      HOA
      • Has HOA: No
      • Amenities included: Common Grounds, Elevator(s), Fitness Center, Game Room, Meeting Room, Party Room, Indoor Pool, Pool
      • Services included: Common Area Maintenance, Maintenance Structure, Health Club, Insurance, Management, Pool(s), Reserve Funds, Water
      • HOA name: Gateway Grand
      Location
      • Region: Ocean City
      • Municipality: Ocean City

      Financial & listing details

      • Price per square foot: $748/sqft
      • Tax assessed value: $1,104,500
      • Annual tax amount: $13,550
      • Date on market: 4/20/2026
      • Listing agreement: Exclusive Right To Sell
      • Inclusions: See Inventory Addendum
      • Exclusions: See Inventory Addendum
      • Ownership: Condominium

        Estimated market value

        $1,281,000

        $1.22M - $1.35M

        $2,471/mo

        Price history

        DateEventPrice
        4/20/2026Listed for sale$1,339,000+94.1%$748/sqft
        Source: Bright MLS #MDWO2037756 Report a problem
        5/26/2009Sold$689,900$385/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$13,550 +6.7%$989,333 +9%
        2024$12,701 +18.7%$907,500 +19.6%
        2023$10,699 $759,000
        2022$10,699 -0.2%$759,000
        2021$10,724 $759,000
        2020$10,724 -0.6%$759,000
        2019$10,789 +0.8%$759,000 +0.1%
        2018$10,706 +0.1%$757,867 +0.1%
        2017$10,693 +40.6%$757,300 +7.3%
        2016$7,603 $705,600 +7.9%
        2015$7,603 $653,900 +8.6%
        2014$7,603 $602,200
        2013-- $602,200
        2012-- $602,200 -5%
        2011-- $633,600
        2010-- $633,600 -25.1%
        2009-- $845,700
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Midtown

        Getting around

        45 / 100
        Car-Dependent
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Worcester County Public Schools

        Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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