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Off market
    • $972,400

    2 48th St Unit 502, Ocean City, MD 21842

    3beds
    1,790sqft
    Condo
    Built in 2008
    -- sqft lot
    $972,400 Zestimate®
    $543/sqft
    $2,774 Estimated rent

    Home value

    $972,400

    $895,000 - $1.06M

    $2,774/mo

    Zestimate® history
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    Owner options

    List your home for rent

    $2,774/mo

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    $2,774/mo

    Rent Zestimate®

    Refinance and save

    $6,465/mo

    Est. payment

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    $6,465/mo

    Est. payment

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    What's special

    Seller priced it to SELL. Southern exposure with GREAT views. Here is your opportunity to own in Ocean City's Most LUXURIOUS oceanfront building. Enjoy all of the features and amenities that The Gateway has to offer including, indoor pool, outdoor pool, fitness center, kids club, owners lounge, on-site property management, private sun deck, security, controlled access, private parking, storage lockers, high-efficiency water-source HVAC systems, Alucobond exterior siding, sound-insulated interior walls, and so much more. This property is a great rental with a strong history of consistently producing over $40k in rental income.

    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
    • Forced air
    Cooling
    • Central, Other
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Ceiling Fan(s), Kitchen Island, Recessed Lighting, Walk-In Closet(s), Other, Eat-in Kitchen, Carpet, Open Floorplan, Sprinkler System, Entry Level Bedroom, Combination Dining/Living, Breakfast Area, Family Room Off Kitchen, Combination Kitchen/Dining, Combination Kitchen/Living
    • Flooring: Carpet
    • Basement: Partially finished
    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, Metal
    • Pool features: In Ground, Heated, Indoor, Community, Fenced, Other
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Details
    • Parcel number: 10763797
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Contemporary, Coastal
    Condition
    • Year built: 2008

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $693 monthly
    Location
    • Region: Ocean City

    Financial & listing details

    • Price per square foot: $543/sqft
    • Tax assessed value: $896,500
    • Annual tax amount: $12,278
    • Total actual rent: 40000

    Price history

    DateEventPrice
    8/5/2020Sold$610,000-3.2%$341/sqft
    Source: Public Record Report a problem
    12/30/2019Price change$629,900-1.6%$352/sqft
    Source: Keller Williams Realty Delmarva #MDWO107210 Report a problem
    6/22/2019Listed for sale$639,900-4.3%$357/sqft
    Source: Keller Williams Realty Delmarva #MDWO107210 Report a problem
    2/18/2019Listing removed$669,000$374/sqft
    Source: Keller Williams Realty Delmarva #1007403536 Report a problem
    10/1/2018Listed for sale$669,000+15.5%$374/sqft
    Source: Condominium Realty LTD #1007403536 Report a problem
    6/2/2009Sold$579,000$323/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,278 +13.9%$896,500 +16.4%
    2024$10,777 +18.8%$770,000 +19.7%
    2023$9,071 $643,500
    2022$9,071 -0.2%$643,500
    2021$9,092 $643,500
    2020$9,092 -0.7%$643,500
    2019$9,154 +0.7%$643,500
    2018$9,090 +0%$643,500
    2017$9,086 +19.5%$643,500 +2.2%
    2016$7,603 $629,733 +2.2%
    2015$7,603 $615,967 +2.3%
    2014$7,603 $602,200
    2013-- $602,200
    2012-- $602,200 -5%
    2011-- $633,600
    2010-- $633,600 -25.1%
    2009-- $845,700
    Find assessor info on the county website

    Neighborhood: Midtown

    Nearby homes

    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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    Sell for more on Zillow
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    $972,400
    2% more
    +$19,448
    With Zillow Showcase(estimated)
    $991,848

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