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Off market
  • $1,781,500

    2 48th St Unit 306, Ocean City, MD 21842

    4beds
    2,218sqft
    Condo
    Built in 2008
    -- sqft lot
    $1,781,500 Zestimate®
    $803/sqft
    $3,169 Estimated rent

    Home value

    $1,781,500

    $1.62M - $1.94M

    $3,169/mo

    Zestimate® history
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    Rent Zestimate®

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    $9,604/mo

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    $9,604/mo

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    What's special

    This is your chance to own one of the greatest sought-after floor plans in Ocean City's most luxurious oceanfront building, The Gateway Grand. This direct oceanfront 4-bedroom end-unit features over 2,200 square feet of indoor living space, and 426 square feet of outdoor living space across your wrap-around balcony. The south-end corner location on the oceanfront allows for breathtaking views from every bedroom. When walking through this meticulously cared for beach home, one word comes to mind: elegance. But owning at the Gateway Grand is so much more than the views and appointments throughout your condo... It's a lifestyle. Featuring a premium array of amenities, The Gateway Grand is an experience of style, class, and comfort. Amenities you'll get to enjoy include heated indoor & outdoor pools, state of the art fitness center, 3 owners' lounges, a kids game room, and a secure parking garage complete with electric car chargers. Conveys with deeded storage locker #16 on the ground level.

    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: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced air, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Garbage disposal, Microwave
    Features
    • Kitchen Island, Walk-In Closet(s), Dining Area, Crown Molding, Open Floorplan, Master Bath(s), Breakfast Area, Upgraded Countertops
    • Flooring: Other
    • Windows: Window Treatments
    • Basement: Partially finished
    Interior area
    • Total interior livable area: 2,218 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    Accessibility
    • Accessibility features: Accessible Elevator Installed
    Features
    • Exterior features: Other
    • Pool features: In Ground, Indoor, Fenced
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Details
    • Parcel number: 10763517
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Coastal
    Materials
    • Roof: Other
    Condition
    • Year built: 2008

    Community & HOA

    Community
    • Security: Sprinkler System
    HOA
    • Has HOA: Yes
    • HOA fee: $944 monthly
    Location
    • Region: Ocean City

    Financial & listing details

    • Price per square foot: $803/sqft
    • Tax assessed value: $1,338,900
    • Annual tax amount: $18,338

    Price history

    DateEventPrice
    4/13/2023Listing removed--
    Source: Bright MLS #MDWO119632 Report a problem
    4/16/2021Sold$1,339,900$604/sqft
    Source: Public Record Report a problem
    3/6/2021Pending sale$1,339,900$604/sqft
    Source: Bright MLS #MDWO119632 Report a problem
    1/21/2021Listed for sale$1,339,900+22.9%$604/sqft
    Source: Bright MLS #MDWO119632 Report a problem
    9/22/2020Listing removed$1,090,000$491/sqft
    Source: Owner Report a problem
    3/22/2020Listed for sale$1,090,000$491/sqft
    Source: Owner Report a problem
    1/20/2020Listing removed$1,090,000$491/sqft
    Source: Berkshire Hathaway Home Services PenFed Realty #MDWO103520 Report a problem
    11/20/2019Price change$1,090,000-9.2%$491/sqft
    Source: Berkshire Hathaway HomeServices PenFed Realty #MDWO103520 Report a problem
    9/10/2019Price change$1,200,000-2%$541/sqft
    Source: Berkshire Hathaway HomeServices PenFed Realty #MDWO103520 Report a problem
    6/6/2019Price change$1,225,000-3.9%$552/sqft
    Source: Berkshire Hathaway HomeServices PenFed Realty #MDWO103520 Report a problem
    2/18/2019Listed for sale$1,275,000-0.4%$575/sqft
    Source: Berkshire Hathaway HomeServices PenFed Realty #MDWO103520 Report a problem
    10/29/2018Listing removed$1,280,000$577/sqft
    Source: Condominium Realty LTD #1001562254 Report a problem
    9/1/2018Price change$1,280,000-0.8%$577/sqft
    Source: Condominium Realty LTD #1001562254 Report a problem
    5/11/2018Listed for sale$1,290,000-3%$582/sqft
    Source: Condominium Realty, LTD #516134 Report a problem
    2/24/2018Listing removed$1,330,000$600/sqft
    Source: Condominium Realty Ltd #509191 Report a problem
    9/13/2017Price change$1,330,000-1.5%$600/sqft
    Source: Condominium Realty, LTD #509191 Report a problem
    3/20/2017Listed for sale$1,350,000+12.5%$609/sqft
    Source: Condominium Realty, LTD #509191 Report a problem
    6/11/2009Sold$1,199,900$541/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$18,338 -2.1%$1,338,900 +0.1%
    2024$18,729 -0.7%$1,338,200 +0.1%
    2023$18,853 $1,337,500
    2022$18,853 -0.2%$1,337,500
    2021$18,898 $1,337,500
    2020$18,898 +4.1%$1,337,500
    2019$18,158 +5.8%$1,337,500 +10.1%
    2018$17,166 +5.3%$1,215,233 +5.3%
    2017$16,296 +25.7%$1,154,100 +2.2%
    2016$12,960 $1,129,367 +2.2%
    2015$12,960 $1,104,633 +2.3%
    2014$12,960 $1,079,900
    2013-- $1,079,900
    2012-- $1,079,900 0%
    2011-- $1,079,960 +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
    • 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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    $1,781,500
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    +$35,630
    With Zillow Showcase(estimated)
    $1,817,130