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For sale
    • $1,099,000

    2 48th St Unit 402, Ocean City, MD 21842

    3beds
    1,790sqft
    : 
    $8,312/mo
    Get pre-qualified
    Condominium
    Built in 2008
    -- sqft lot
    $-- Zestimate®
    $614/sqft
    $982/mo HOA

    What's special

    Attached bathroomGuest privacyOutdoor balconyFresh wall paintCustom tile backsplashOcean viewsA-style floorplan
    Fantastic opportunity to own in the luxurious Gateway Grand complex in Ocean City, MD. This 3 bedroom 3 bath residence has been recently upgraded with fresh wall paint and a custom tile backsplash. The A-style floorplan offers guest privacy with each bedroom having an attached bathroom. The primary bedroom accesses the outdoor balcony and features ocean views. Step out onto the balcony each morning to watch the everchanging sunrise over the Atlantic Ocean. The Gateway Grand is an amenity rich building offering heating indoor and outdoor pools, a 24/7 fitness center, a kid's club room with video games and board games, conditioned beach storage, multiple owner's lounges, on-site management, on-site maintenance, and on-site security in the evenings. Residence 402 has access to two parking spaces in the controlled access parking garage, which now features 7 electric car chargers. The Gateway Grand will allow you to relax and enjoy your time at the beach without a care or worry. Deeded storage locker #185 conveys with this residence. This residence was in the rental program with Central Reservations and grossed nearly $47,000 in 2022 and $43,500 in 2023, $49,044.24 in 2024 and $45,767.40 in 2025.
    641 days
    |
    221
    |
    9
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jon M Barker 410-935-3810,

    Keller Williams Realty Delmarva 4105246400,

    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

    Source: Bright MLS,MLS#: MDWO2026410MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bathrooms: 3
      • Main level bedrooms: 3
      Basement
      • Area: 0
      Heating
      • Central, Electric
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Microwave, Dishwasher, Disposal, Dryer, Freezer, 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, Flat, Open Floorplan, Pantry, Primary Bath(s), Recessed Lighting, Soaking Tub, Bathroom - Tub Shower, Upgraded Countertops, Walk-In Closet(s), Dry Wall
      • Flooring: Carpet, Ceramic Tile
      • 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, Driveway, Secured, Surface, Unassigned, Attached, Parking Lot
      • Attached garage spaces: 2
      • Has uncovered spaces: Yes
      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
      • Has view: Yes
      • View description: Bay, City, Ocean
      • Has water view: Yes
      • Water view: Bay,Ocean
      • Waterfront features: Oceanblock, Ocean
      • Body of water: Atlantic Ocean
      Lot
      • Features: Premium
      Details
      • Additional structures: Above Grade, Below Grade
      • Parcel number: 2410763630
      • 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: A
      • Builder name: Bovis Lendlease

      Utilities & green energy

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

      Community & HOA

      Community
      • Features: Pool
      • Security: Desk in Lobby, 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: $614/sqft
      • Tax assessed value: $720,467
      • Annual tax amount: $10,084
      • Date on market: 10/20/2024
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional
      • Inclusions: See Inventory Addendum
      • Exclusions: See Inventory Addendum
      • Ownership: Condominium
      • Total actual rent: 49000

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,774/mo

        Price history

        DateEventPrice
        10/20/2024Listed for sale$1,099,000$614/sqft
        Source: Bright MLS #MDWO2026410 Report a problem
        10/17/2024Listing removed$1,099,000$614/sqft
        Source: Bright MLS #MDWO2017306 Report a problem
        2/23/2024Price change$1,099,000-1.8%$614/sqft
        Source: Bright MLS #MDWO2017306 Report a problem
        10/27/2023Listed for sale$1,119,000+86.5%$625/sqft
        Source: Bright MLS #MDWO2017306 Report a problem
        10/19/2009Sold$599,900$335/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 -11.6%
        2010-- $633,600 -25.1%
        2009-- $845,700
        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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