Ocean City, MD 21842 2 48Th Street # 402
$1,099,000
59 more
Presented By: Keller Williams Realty Delmarva
Beds • 3- Baths • 3
- SQFT • 1,790
- Garage • 2
Beds • 3
Baths • 3
SQFT • 1,790
Garage • 2Home Details
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 and $49,044.24 in 2024. Some weeks were blocked in 2023 for owner use and it could produce more income if so desired by the new owners. Buyers to honor 2025 rentals.
Presented By: Keller Williams Realty Delmarva
Interior Features for 2 48Th Street # 402
Bedrooms
Main Level Bedrooms3
Total Bedrooms3
Bathrooms
Total Baths3
Other Interior Features
LivingAreaSourceEstimated
Below Grade Unfin Area UnitsSquare Feet
Below Grade Unfin SQFT0
Below Grade Unfin SQFT SourceAssessor
Above Grade Finished Area1790
Above Grade Finished Area SourceEstimated
Above Grade Finished Area Unit TypeSquare Feet
Basement (Y/N)No
Below Grade Finished Area0
Below Grade Finished Area SourceAssessor
Below Grade Finished Area Unit TypeSquare Feet
Central Air Y/NYes
Common Walls2+ Common Walls
Common Walls2+ Common Walls
Fireplace Y/NNo
FlooringCarpet, Ceramic Tile
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Interior AmenitiesCarpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Crown Moldings, Dining Area, Entry Level Bedroom, Flat, Floor Plan - Open, Pantry, Primary Bath(s), Recessed Lighting, Bathroom - So
Laundry TypeDryer In Unit, Washer In Unit
Number of Elevators5
Total Stories17
Window FeaturesInsulated, Screens
Other Rooms
Entry Level4
General for 2 48Th Street # 402
Acceptable FinancingCash, Conventional
AccessibilityNone
AppliancesBuilt-In Microwave, Dishwasher, Disposal, Dryer, Freezer, Oven/Range - Electric, Refrigerator, Washer
Architectural StyleUnit/Flat
Association AmenitiesCommon Grounds, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Swimming Pool
Association Fee IncludesCommon Area Maintenance, Ext Bldg Maint, Health Club, Insurance, Management, Pool(s), Reserve Funds, Water
AssociationName2Gateway Grand
Bathrooms Count Main Level3.00
Bathrooms Full Main Level3
Body of WaterAtlantic Ocean
Builder NameBovis Lendlease
Building NameGateway Grand
CityOCEAN CITY
Community Pool FeaturesHeated, Indoor, In Ground
Condo/Coop Association Y/NYes
Construction MaterialsConcrete, Metal Siding
Cool FuelElectric
CoolingCentral A/C
CountyWORCESTER
DirectionsCoastal Hwy South, Left on 48th Street, Building oceanfront on Left.
DisclosuresConserv Area, Prop Disclaimer
ElectricCircuit Breakers
ExclusionsSee Inventory Addendum
Facing DirectionWest
Federal Flood ZoneX
Floors In Unit Count1
Full Baths3
Garage Spaces2.00
Garage Y/NYes
HOANo
HOA Fee 2949.00
HOA Fee 2 FrequencyMonthly
HeatingCentral
Home Warranty Y/NNo
Lease Considered Y/NNo
Legal SubdivisionGATEWAY GRAND
Levels1
Location TypeOceanblock
MLS AreaOceanfront Indirect View (81)
ModificationTimestamp2025-01-03T15:42:58
MunicipalityOcean City
New ConstructionNo
Number Of Units Total1
Other Fees830.00
Other Fees FrequencyOne Time
Other StructuresAbove Grade, Below Grade
OwnershipCondominium
Patio/Porch FeaturesBalcony
PossessionSettlement
Price Per Sq Ft Total AG613.97
Property ConditionExcellent
Property TypeResidential
RoofFlat
School DistrictWORCESTER COUNTY PUBLIC SCHOOLS
Security FeaturesDesk in Lobby, Sprinkler System - Indoor
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Structure TypeUnit/Flat/Apartment
Subdivision NameNONE AVAILABLE
Tax Annual Amount10084.0
Tax Assessed Value720467.0
Tax Lot402
Tax Year2024
Total Actual Rent49000.00
Total Rooms10
Total SQFT1790
TransportationBus Stop less than 1 mile
Unit Number402
UtilitiesCable TV Available, Electric Available
Vacation Rental Y/NYes
ViewBay, City, Ocean
Virtual TourClick here
Water Access Y/NYes
Waterfront Y/NNo
Year Built2008
Year Built SourceAssessor
ZoningRESIDENTIAL
Exterior for 2 48Th Street # 402
# of Attached Garage Spaces2
Builder ModelA
Door FeaturesInsulated, Sliding Glass
Exterior AmenitiesExterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler
Foundation DetailsPillar/Post/Pier
Garage FeaturesCovered Parking
Horse Y/NNo
InclusionsSee Inventory Addendum
Land Assessed Value0.00
Land Use CodeU
Lot Dimensions0.00 x 0.00
Lot FeaturesPremium
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking FeaturesElectric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Driveway, Secure Parking, Surface, Unassigned
PoolYes - Community
Total Parking Spaces2
Type of ParkingAttached Garage, Parking Lot
Water Body TypeOcean
Water Oriented Y/NYes
Water SourcePublic
Water View Y/NYes
Additional Details
Price History
