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Under contract
    • $2,179,000

    2 48th St Unit 1612, Ocean City, MD 21842

    4beds
    2,323sqft
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    Condominium
    Built in 2008
    -- sqft lot
    $2,148,100 Zestimate®
    $938/sqft
    $1,354/mo HOA

    What's special

    Direct oceanfront end unitRefined comfortable flow throughoutPanoramic viewsPenthouse-like livingCountless windows and slidersOne-of-a-kind floorplan
    Penthouse-like living meets one of the most commanding vantage points in Ocean City. Positioned on the northeast corner of the 16th floor at the Gateway Grand, Residence 1612 offers a rare combination of elevation, scale, and unobstructed sight-lines stretching from the Atlantic Ocean to the Assawoman Bay, across North Ocean City, and toward the Route 90 bridge. This may just be one of the most impressive residences in the entire building. This direct oceanfront end unit features a one-of-a-kind floorplan and is among the largest in the building, offering 2,000+ square feet with four bedrooms and four full baths. Countless windows and sliders capture sunrise over the ocean and sunset over the bay, with the living area, primary suite, and a guest bedroom all enjoying panoramic views that elevate the entire living experience. The primary suite delivers captivating ocean and bay vistas and is complemented by an all marble bath with a walk in shower and soaking tub. The residences layout balances openness with privacy, ideal for hosting family and guests while maintaining a refined, comfortable flow throughout. This home is offered unfurnished, providing a blank canvas for a new owner to personalize without constraint. The kitchen is equipped with gourmet appliances and designed to support both everyday living and entertaining, while remaining connected to the dramatic coastal backdrop with the views that define this home. Gateway Grand is widely recognized as one of Ocean City’s premier luxury condominium buildings, offering an unparalleled ownership experience. Amenities include heated indoor and outdoor pools, a fitness center, gated parking garage, deeded storage lockers, owners lounge, grand lobby, on site building management, and security. The property conveys with three parking passes, a notable advantage for a four bedroom residence. Owners are permitted to have pets, while guests and renters are not. The midtown location provides exceptional access to local dining, entertainment, and everyday conveniences, while remaining comfortably removed from downtown congestion. Proximity to the Route 90 bridge allows for seamless arrival and departure, and the Boardwalk is easily accessible without the intensity of a downtown address. While this residence has never been rented and has been enjoyed as a primary home, the Gateway Grand has a long established history of demand for luxury rentals, offering future flexibility for a new owner. The home is offered as the seller relocates closer to family, presenting a rare opportunity to secure a one-of-a-kind oceanfront residence with scale, privacy, and views that are increasingly difficult to replicate. *Property is owner occupied. Please provide advanced notice for showings.
    158 days
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    171
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    2
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    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#: MDWO2035748MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 4
      • Main level bathrooms: 4
      • Main level bedrooms: 4
      Basement
      • Area: 0
      Heating
      • Heat Pump, Electric
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Ice Maker, Oven/Range - Electric, Washer, Electric Water Heater
      • Laundry: Dryer In Unit, Washer In Unit, In Unit
      Features
      • Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Open Floorplan, Walk-In Closet(s), Crown Molding, Dining Area, Kitchen Island, 9'+ Ceilings, Dry Wall
      • Flooring: Carpet, Ceramic Tile, Luxury Vinyl
      • Doors: Insulated
      • Windows: Insulated Windows, Screens, Window Treatments
      • Has basement: No
      • Has fireplace: No
      • Common walls with other units/homes: 1 Common Wall
      Interior area
      • Total structure area: 2,323
      • Total interior livable area: 2,323 sqft
      • Finished area above ground: 2,323
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 3
      • Parking features: Covered, Electric Vehicle Charging Station(s), Handicap Parking, Lighted, Paved, Permit Included, Surface, Unassigned, Garage, Off Street, Parking Lot
      • Garage spaces: 3
      Accessibility
      • Accessibility features: None
      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Lighting, Outdoor Shower, Sidewalks, Underground Lawn Sprinkler, Balcony
      • Pool features: Community
      • Has view: Yes
      • View description: City, Bay, Ocean
      • Has water view: Yes
      • Water view: Bay,Ocean
      • Waterfront features: Sandy Beach, Oceanfront, Beach Access, Swimming Allowed, Ocean
      • Body of water: Atlantic
      • Frontage length: Water Frontage Ft: 40
      Details
      • Additional structures: Above Grade, Below Grade
      • Parcel number: 2410765315
      • Zoning: RESIDENTIAL CONDOMINIUM
      • Zoning description: RESIDENTIAL CONDOMINIUM
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Masonry
      • Foundation: Pillar/Post/Pier
      • Roof: Built-Up
      Condition
      • New construction: No
      • Year built: 2008
      Details
      • Builder name: Bovis Lendlease

      Utilities & green energy

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

      Community & HOA

      Community
      • Features: Pool
      • Security: Fire Sprinkler System
      • Condo and coop fee: $1,354 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, Security
      • Services included: Common Area Maintenance, Health Club, Insurance, Management, Pool(s), Reserve Funds, Water, Maintenance Structure, Snow Removal, Trash
      • HOA name: Gateway Grand
      Location
      • Region: Ocean City
      • Municipality: Ocean City

      Financial & listing details

      • Price per square foot: $938/sqft
      • Tax assessed value: $1,403,567
      • Annual tax amount: $19,223
      • Date on market: 2/13/2026
      • Listing agreement: Exclusive Right To Sell
      • Inclusions: See Inventory Addendum
      • Exclusions: Unfurnished. 4 Chandeliers. Kitchen Cabinet Knobs.
      • Ownership: Condominium

        Estimated market value

        $2,148,100

        $2.04M - $2.26M

        $3,280/mo

        Price history

        DateEventPrice
        2/19/2026Contingent$2,179,000$938/sqft
        Source: Bright MLS #MDWO2035748 Report a problem
        2/13/2026Listed for sale$2,179,000-7.3%$938/sqft
        Source: Bright MLS #MDWO2035748 Report a problem
        9/11/2024Listing removed$2,350,000$1,012/sqft
        Source: Bright MLS #MDWO2006162 Report a problem
        9/11/2023Listing removed--
        Source: Bright MLS #MDWO2006162 Report a problem
        7/1/2022Listing removed$2,350,000$1,012/sqft
        Source: Bright MLS #MDWO2006162 Report a problem
        3/15/2022Price change$2,350,000+6.8%$1,012/sqft
        Source: Bright MLS #MDWO2006162 Report a problem
        3/2/2022Listed for sale$2,200,000$947/sqft
        Source: Bright MLS #MDWO2006162 Report a problem
        1/20/2022Listing removed$2,200,000$947/sqft
        Source: Bright MLS #MDWO2001918 Report a problem
        8/28/2021Listed for sale$2,200,000+70.5%$947/sqft
        Source: Bright MLS #MDWO2001918 Report a problem
        10/3/2017Sold$1,290,000-13.9%$555/sqft
        Source: Public Record Report a problem
        8/7/2017Pending sale$1,499,000$645/sqft
        Source: Condominium Realty, LTD #510210 Report a problem
        5/10/2017Listed for sale$1,499,000$645/sqft
        Source: Condominium Realty, LTD #510210 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$17,596 -5.7%$1,403,567 +5.3%
        2024$18,656 +4.8%$1,332,933 +5.6%
        2023$17,793 $1,262,300
        2022$17,793 -0.2%$1,262,300
        2021$17,835 $1,262,300
        2020$17,835 +3.7%$1,262,300
        2019$17,191 +5.4%$1,262,300 +9.3%
        2018$16,309 +4.9%$1,154,567 +4.9%
        2017$15,542 +34.8%$1,100,700 +7.4%
        2016$11,530 $1,025,000 +8%
        2015$11,530 $949,300 +8.7%
        2014$11,530 $873,600
        2013-- $873,600
        2012-- $873,600 -9.1%
        2011-- $960,800 +2.1%
        2010-- $940,640 -17%
        2009-- $1,132,893
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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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