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Sold for $2,000,000
  • $2,000,000

    2 48th St Unit 1706, Ocean City, MD 21842

    4beds
    2,218sqft
    Condominium
    Built in 2008
    -- sqft lot
    $2,034,200 Zestimate®
    $902/sqft
    $3,169 Estimated rent

    Home value

    $2,034,200

    $1.83M - $2.26M

    $3,169/mo

    Zestimate® history
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    What's special

    Custom millworkDual sink vanityCustom tile showerBeverage centerHuge picture windowsWrap around balconyPrivate balcony
    Experience life at the top of the luxurious Gateway Grand Residences in Ocean City, MD in Penthouse 1706. This 4 bedroom 3 bathroom residence features incredible views of the Ocean, City Skyline, and Bay spanning for miles. The huge picture windows showcase art in motion with the everchanging stunning scenery that makes up this barrier island. From the gorgeous sunrises over the ocean to the magnificent sunsets you will find yourself constantly in awe of the natural scenery. This residence is more than simply a luxury condominium at the beach, but rather a true experience for you and your guests. Every room in the property shares similar views of water, sky, and wildlife. A wrap around balcony can be accessed from the living room, dining room and guest bedroom, while a private balcony extends from the primary bedroom. Each allowing the occupants the opportunity to step into the scenery. Suspended 17 stories into the sky providing a prospective of Ocean City you did not know existed. The living room and primary bedroom both have vaulted 2 story ceilings with additional windows only found on the Penthouse level of the Gateway Grand. These windows bring the sky and clouds indoors adding to the ambiance. The great room includes a chef's dream kitchen with upgraded commercial grade appliances, white cabinets, and granite countertops. The kitchen has two seating areas for guests to choose from either at the elevated bar or the counter level island. The island includes a beverage center convenient for when entertaining guests. The dining room allows for a large dining table to accommodate your entire family. Moving into the living room you will notice an abundance of seating and a fireplace with flush mounted TV above. Custom Millwork accents the hallways leading to all 3 guest bedrooms and the primary suite. This residence features 2 zones of water source heat pumps that allow from comfort year-round. One zone services the bedrooms and bathrooms with a thermostat located in the primary suite, while the additional zone services the great room through a thermostat located in the living room. These efficient HVAC's can be maintained by the in-house maintenance team through subscription and run off hot and cold water produced on the ground level of the building and funded by the condominium fee. This residence was furnished and designed by a fabulous local interior designer and delivers to the new owner turn-key available for immediate occupancy. The floors throughout the hallway and great room are a 12x24 porcelain tile while the bedrooms are carpeted. The primary bathroom includes marble tile on the floors and walls including a whirlpool bathtub, custom tile shower, and dual sink vanity with granite tops. This residence also includes a large, deeded storage locker #108 on Mezzanine Level. Building amenities include heated indoor and outdoor pools, 24/7 fitness center, kid's club room, multiple owner's lounges, a grand lobby with staffed desk, security in the evenings, secure FOB access, and parking garage with 3 spaces and electric car chargers available. A truly once in a lifetime opportunity to own the Southeast corner Penthouse located in one of the Ocean City's most luxurious buildings awaits. Reach out for your private tour of this impressive residence today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jonathan M Barker 410-935-3810,

    Keller Williams Realty Delmarva,

    Listing Team: The Fritschle Barker Group, Co-Listing Team: The Fritschle Barker Group,Co-Listing Agent: Grant K Fritschle 410-430-5880,

    Keller Williams Realty Delmarva

    Bought with:

    SEAN PERKINS

    Knot6 Real Estate Services

    Source: Bright MLS,MLS#: MDWO2021934MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 3
    • Main level bedrooms: 4
    Basement
    • Area: 0
    Heating
    • Heat Pump, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Microwave, Dishwasher, Disposal, Dryer, Ice Maker, Oven/Range - Electric, Refrigerator, Washer, Electric Water Heater
    • Laundry: Dryer In Unit, Washer In Unit, In Unit
    Features
    • Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Crown Molding, Dining Area, Entry Level Bedroom, Open Floorplan, Primary Bath(s), Soaking Tub, Bathroom - Tub Shower, Dry Wall
    • Flooring: Carpet, Ceramic Tile
    • Doors: Insulated, Sliding Glass
    • Windows: Insulated Windows, Screens, Window Treatments
    • Has basement: No
    • Number of fireplaces: 1
    • Fireplace features: Electric
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 2,218
    • Total interior livable area: 2,218 sqft
    • Finished area above ground: 2,218
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 3
    • Parking features: Covered, Electric Vehicle Charging Station(s), Handicap Parking, Lighted, Driveway, Secured, Surface, Unassigned, Attached, Parking Lot
    • Attached garage spaces: 3
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Wrap Around
    • Exterior features: Lighting, Outdoor Shower, Sidewalks, Underground Lawn Sprinkler, Balcony
    • Pool features: Community
    • Has spa: Yes
    • Spa features: Bath
    • Has view: Yes
    • View description: City, Ocean, Bay
    • Has water view: Yes
    • Water view: Ocean,Bay
    • Waterfront features: Sandy Beach, Oceanfront, Beach Access, Swimming Allowed, Ocean
    • Body of water: Atlantic
    • Frontage length: Water Frontage Ft: 30
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 2410765382
    • Zoning: RESIDENTIAL
    • Zoning description: Residential Condominium
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Concrete, Metal Siding
    • Foundation: Pillar/Post/Pier
    • Roof: Flat
    Condition
    • Excellent
    • New construction: No
    • Year built: 2008
    Details
    • Builder model: B
    • Builder name: Bovis Lendlease

    Utilities & green energy

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

    Community & HOA

    Community
    • Features: Pool
    • Security: Fire Sprinkler System
    • Condo and coop fee: $1,256 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, 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: $902/sqft
    • Tax assessed value: $1,291,533
    • Annual tax amount: $18,076
    • Date on market: 7/6/2024
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Inclusions: Fully Furnished
    • Exclusions: None
    • Ownership: Condominium

    Price history

    DateEventPrice
    2/28/2025Sold$2,000,000-16.6%$902/sqft
    Source: Bright MLS #MDWO2021934 Report a problem
    12/29/2024Contingent$2,399,000$1,082/sqft
    Source: Bright MLS #MDWO2021934 Report a problem
    10/17/2024Price change$2,399,000-7.7%$1,082/sqft
    Source: Bright MLS #MDWO2021934 Report a problem
    9/13/2024Price change$2,599,000-2.8%$1,172/sqft
    Source: Bright MLS #MDWO2021934 Report a problem
    8/2/2024Price change$2,675,000-4.5%$1,206/sqft
    Source: Bright MLS #MDWO2021934 Report a problem
    7/6/2024Listed for sale$2,800,000+96.5%$1,262/sqft
    Source: Bright MLS #MDWO2021934 Report a problem
    4/12/2018Sold$1,425,000-5%$642/sqft
    Source: Agent Provided Report a problem
    3/15/2018Pending sale$1,499,900$676/sqft
    Source: Condominium Realty, LTD #513188 Report a problem
    10/25/2017Listed for sale$1,499,900-20.6%$676/sqft
    Source: Condominium Realty, LTD #513188 Report a problem
    9/14/2017Listing removed$1,890,000$852/sqft
    Source: Condominium Realty, LTD #510820 Report a problem
    6/10/2017Listed for sale$1,890,000$852/sqft
    Source: Condominium Realty, LTD #510820 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$17,877 -1.1%$1,305,267 +1.1%
    2024$18,076 +0.4%$1,291,533 +1.1%
    2023$18,012 $1,277,800
    2022$18,012 -0.2%$1,277,800
    2021$18,054 $1,277,800
    2020$18,054 +2.5%$1,277,800
    2019$17,611 +4.1%$1,277,800 +6.7%
    2018$16,924 +3.5%$1,198,067 +3.4%
    2017$16,354 +26.2%$1,158,200 +2.3%
    2016$12,958 $1,132,100 +2.4%
    2015$12,958 $1,106,000 +2.4%
    2014$12,958 $1,079,900 +0%
    2013-- $1,079,867 +0%
    2012-- $1,079,833 +0%
    2011-- $1,079,800 +4.3%
    2010-- $1,034,972 -11.5%
    2009-- $1,169,980
    Find assessor info on the county website

    Neighborhood: Midtown

    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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