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Off market
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  • $908,300

    2 48th St Unit 305, Ocean City, MD 21842

    3beds
    1,790sqft
    Apartment
    Built in 2008
    -- sqft lot
    $908,300 Zestimate®
    $507/sqft
    $2,774 Estimated rent

    Home value

    $908,300

    $845,000 - $981,000

    $2,774/mo

    Zestimate® history
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    $2,774/mo

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    $2,774/mo

    Rent Zestimate®

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    $5,392/mo

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    $5,392/mo

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    What's special

    This remarkable southern exposure condo sits one back from direct oceanfront, providing wonderful and impressive oceanviews from the master-suite, the living room, and the oversized balcony. Meticulously maintained, this home has been a vacation rental property, producing over $35,000 in seasonal income. The Gateway Grand features a heated indoor pool, heated outdoor pool, fitness center, private sundeck, owners lounges, grand lobby, on-site property management, storage lockers, conditioned corridors, private/gated parking, electric car chargers, and so much more. The Gateway Grand is Ocean City's fines oceanfront property. Condo fees are $693/month and deeded storage locker is #192.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Other, Electric
    Cooling
    • Central, Other
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave
    Features
    • Ceiling Fan(s), Dining Area, Open Floorplan, Entry Level Bedroom, Breakfast Area, Family Room Off Kitchen
    • Basement: Partially finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,790 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Detached
    Accessibility
    • Accessibility features: 36"+ wide Halls
    Features
    • Exterior features: Cement / Concrete
    • Pool features: Heated, Indoor, Community
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Details
    • Parcel number: 10763509
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Apartment
    Condition
    • Year built: 2008

    Community & HOA

    Location
    • Region: Ocean City
    • Municipality: Ocean City

    Financial & listing details

    • Price per square foot: $507/sqft
    • Tax assessed value: $838,733
    • Annual tax amount: $11,487
    • Total actual rent: 35000

    Price history

    DateEventPrice
    3/24/2021Sold$625,000$349/sqft
    Source: Public Record Report a problem
    12/16/2020Listed for sale$625,000$349/sqft
    Source: Keller Williams Realty Delmarva #1002303374 Report a problem
    12/1/2020Pending sale$625,000$349/sqft
    Source: Keller Williams Realty Delmarva #1002303374 Report a problem
    8/26/2020Listed for sale$625,000+1.6%$349/sqft
    Source: Keller Williams Realty Delmarva #1002303374 Report a problem
    12/12/2019Listing removed$615,000$344/sqft
    Source: Keller Williams Realty Delmarva #1002303374 Report a problem
    4/1/2019Price change$615,000-0.8%$344/sqft
    Source: Keller Williams Realty Delmarva #1002303374 Report a problem
    9/10/2018Price change$619,900-1.6%$346/sqft
    Source: Condominium Realty LTD #1002303374 Report a problem
    9/1/2018Listed for sale$630,000+12.5%$352/sqft
    Source: Condominium Realty LTD #1002303374 Report a problem
    5/6/2009Sold$559,900$313/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$11,487 +13.9%$838,733 +16.4%
    2024$10,084 +18.8%$720,467 +19.6%
    2023$8,489 $602,200
    2022$8,489 -0.2%$602,200
    2021$8,508 $602,200
    2020$8,508 -0.7%$602,200
    2019$8,567 +0.7%$602,200
    2018$8,507 +0%$602,200
    2017$8,503 +26.6%$602,200
    2016$6,719 $602,200
    2015$6,719 $602,200
    2014$6,719 $602,200 +2.4%
    2013-- $588,100 +2.5%
    2012-- $574,000 +2.5%
    2011-- $559,900
    2010-- $559,900 -33.8%
    2009-- $845,700
    Find assessor info on the county website

    Neighborhood: Midtown

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: OCEAN CITY
    • Middle: STEPHEN DECATUR
    • High: STEPHEN DECATUR
    • District: WORCESTER COUNTY PUBLIC SCHOOLS

    Source: The 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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    $908,300
    2% more
    +$18,166
    With Zillow Showcase(estimated)
    $926,466