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Under contract
  • $2,000,000

    2 48th St Unit 706, Ocean City, MD 21842

    4beds
    2,218sqft
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    Condominium
    Built in 2008
    -- sqft lot
    $1,990,600 Zestimate®
    $902/sqft
    $1,299/mo HOA

    What's special

    Direct oceanfront corner residenceBeautifully designer furnishedCompletely move-in readySouthern end-unit exposureFour true bedroomsExpansive wraparound oceanfront balcony
    After selling more than 350 residences in The Gateway Grand over the past two decades, one thing has become remarkably clear. When buyers ask us which location we'd choose if every residence in the building were available... This is the location....This is the floorplan.....And this is the height. ---- Gateway Grand #706 is an exceptionally rare 4-bedroom, 3-bath direct oceanfront corner residence that combines everything buyers consistently tell us they're looking for, yet rarely find together. Both direct-oceanfront and Southern end-unit exposure. A premium mid-floor location. Panoramic ocean, bay, skyline, and Assateague Island views. An expansive wraparound oceanfront balcony, plus a second private balcony from the primary suite. Four true bedrooms. End-unit windows and sliding glass that flood the residence with natural light. In a building of nearly 200 luxury residences, this one stands out from the rest, for all those reasons. And here's why: Most oceanfront condos make you compromise. They're Too high. Too low. Not enough windows. Smaller balconies. Limited bay views. Fewer bedrooms. This one gives you a chance to not have to compromise anything. Step inside and you'll immediately appreciate how exceptionally well cared for this home has been. Lovingly enjoyed as a private second home and never rented, it's being offered beautifully designer furnished, completely move-in ready, and prepared for its next owners to begin making memories from day one. Then there's The Gateway Grand Building, Amenities & Association! Simply put, it represents the benchmark by which many luxury condominiums in Ocean City continue to be measured. Owners enjoy indoor and outdoor heated pools, a state-of-the-art fitness center, owner's lounge, children's activity room, gated parking, secure lobby, private beach lockers, multiple beach access points, and outstanding professional management. The building's reputation for financial stability, exceptional leadership, and long-term ownership confidence continues to make it one of the most respected addresses on the East Coast. One feature many buyers don't fully appreciate until they own here is Gateway Grand's innovative two-pipe water-source HVAC system. It's remarkably efficient, eliminates the need for individual water heaters inside each residence, and provides an endless supply of hot and cold water through the building's central systems, reducing maintenance while improving everyday ownership. And the location continues the story. Situated in one of Ocean City's most desirable stretches of coastline, you're just minutes from outstanding restaurants, coffee shops, shopping, Northside Park, the Delaware beaches, Route 54, and everything that makes this part of Ocean City so desirable, while still enjoying a quieter atmosphere than many of the resort's busier sections. The deeded storage locker (#77) and three parking passes only add to the convenience. Some buyers search for an oceanfront condo. The fortunate few find the one they've been hoping would come on the market. Gateway Grand #706 is exactly that. The ONLY question, is will you react quickly enough?
    14 days
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    423
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    13
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Grant Fritschle 410-430-5880,

    Keller Williams Realty Delmarva 4105246400,

    Listing Team: The Fritschle Barker Group, Co-Listing Team: The Fritschle Barker Group,Co-Listing Agent: Jonathan M Barker 410-935-3810,

    Keller Williams Realty Delmarva

    Source: Bright MLS,MLS#: MDWO2039504MLS 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, Dryer, Oven/Range - Electric, Washer, Freezer, Refrigerator, Electric Water Heater
      • Laundry: Dryer In Unit, Washer In Unit, In Unit
      Features
      • Crown Molding, Entry Level Bedroom, Walk-In Closet(s), Soaking Tub, Bathroom - Tub Shower, Ceiling Fan(s), Combination Kitchen/Dining, Combination Dining/Living, Dining Area, Open Floorplan, Primary Bath(s), Primary Bedroom - Ocean Front
      • Flooring: Carpet, Tile/Brick
      • 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: 2,218
      • Total interior livable area: 2,218 sqft
      • Finished area above ground: 2,218
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Covered, Electric Vehicle Charging Station(s), Handicap Parking, Lighted, Paved, Secured, Unassigned, Attached, Parking Lot
      • Attached garage spaces: 2
      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
      Details
      • Additional structures: Above Grade, Below Grade
      • Parcel number: 2410764114
      • Zoning: RESIDENTIAL CONDOMINIUM
      • 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
      • Roof: Flat
      Condition
      • New construction: No
      • Year built: 2008
      Details
      • Builder model: B
      • Builder name: Bovis Lendlease

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Pool
      • Security: Fire Sprinkler System
      • Condo and coop fee: $1,299 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
      Location
      • Region: Ocean City
      • Municipality: Ocean City

      Financial & listing details

      • Price per square foot: $902/sqft
      • Tax assessed value: $1,391,100
      • Annual tax amount: $18,817
      • Date on market: 7/6/2026
      • Listing agreement: Exclusive Right To Sell
      • Inclusions: See Inventory Addendum
      • Exclusions: See Inventory Addendum
      • Ownership: Condominium

        Estimated market value

        $1,990,600

        $1.89M - $2.09M

        $2,854/mo

        Price history

        DateEventPrice
        7/8/2026Contingent$2,000,000$902/sqft
        Source: Bright MLS #MDWO2039504 Report a problem
        7/6/2026Listed for sale$2,000,000+60%$902/sqft
        Source: Bright MLS #MDWO2039504 Report a problem
        11/9/2010Sold$1,250,000$564/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$18,817 -0.9%$1,373,933 +1.3%
        2024$18,989 +0.6%$1,356,767 +1.3%
        2023$18,883 $1,339,600
        2022$18,883 -0.2%$1,339,600
        2021$18,927 $1,339,600
        2020$18,927 +4.1%$1,339,600
        2019$18,187 +5.8%$1,339,600 +10%
        2018$17,196 +5.3%$1,217,333 +5.3%
        2017$16,326 +26%$1,156,200 +2.2%
        2016$12,960 $1,130,767 +2.3%
        2015$12,960 $1,105,333 +2.4%
        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

        Monthly payment

        Est. payment

        Payment breakdown

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        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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