For Sale: 2 48TH ST #402, OCEAN CITY, MD, 21842
- 3 Beds
- 3. Bath
- $1,099,000 Price
- 1790 Sq. ftLiving Area
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.
- Status: Active
- MLS #: MDWO2026410
- Days On Market: 197
- Taxes: $10084 / 2024
- Property Type: Residential
- Year Built: 2008
- Lot Size: /
- InteriorFeatures: Carpet, 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 - Soaking Tub, Sprinkler System, Bathroom - Tub Shower, Upgraded Countertops, Walk-in Closet(s), WhirlPool/HotTub, Window Treatments
- Courtesy of: Keller Williams Realty Delmarva
Property Information
- Accessibility Features: None
- New Construction: No
- Roof: Flat
- Structure Design Type: Unit/Flat/Apartment
- Style: Unit/Flat
- Levels: 1
- Property Condition: Excellent
Community
- County: WORCESTER-MD
- City: OCEAN CITY
- Zip: 21842
- Subdivision: NONE AVAILABLE
School
- School District: WORCESTER COUNTY PUBLIC SCHOOLS
- Elementary School: -
- Middle School: -
- High School: -
Amenities
- Property: Residential
- MLS: ACTIVE-BRIGHT
- Acres:
- Status: Active
- Basement: No
- Year Built: 2008
- Lot SQFT:
- Lot Size Units:
- Structure Design Type: Unit/Flat/Apartment
