2 48Th Street # 1002 GATEWAY GRAND Ocean City, MD $ 1,339,000
2 48Th Street # 1002 GATEWAY GRAND
$ 1,339,000
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2 48Th Street # 1002 GATEWAY GRAND

Ocean City, MD, 21842
$ 1,339,000
Bedrooms3 Baths3.0 Sq 1,650

Monthly Estimate*

$ 8,244

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Condo for sale in Ocean City, MD

for $1,339,000 with 3 bedrooms and 3 full baths. This 1,650 square foot condo was built in 2008.

Most buyers think oceanfront is always the best, and while thats OFTEN true, its NOT ALWAYS true. Lets look at a perfect example of why. Unit 1002 at The Gateway Grand, widely considered the most well-built luxury oceanfront high-rise in Ocean City, MD, might not check the traditional oceanfront box, but what it offers in views, and how you experience those views, tends to change peoples minds quickly. Sitting on the south side at the 10th floor, high above anything around it, the perspective opens up in a way most dont expect. The view isnt limited to just the ocean. It stretches for miles. Ocean in front of you, the downtown Ocean City skyline running south, Assateague Island in the distance, and sweeping bay views to the west. Sunrise to sunset! And because of the southern exposure, this residence benefits from more consistent natural light throughout the day and reduced exposure to the harsher northeast coastal winds and storms compared to many direct oceanfront units. The result is a more balanced, usable space year-round. Then theres the part most people dont think about until they see it. From the primary bedroom, the ocean is right there. Not from an angle, not from across the room, but directly in your line of sight from bed. Inside, this 3-bedroom, 3-bathroom residence has been extensively updated in all the highest impact ways. Luxury plank flooring runs throughout the main living areas. The kitchen has been reworked with new quartz countertops, a custom raised-height island, upgraded appliance package, and a tailored backsplash. Bathrooms and lighting and vanities have all been updated, and custom millwork carries throughout, adding a level of finish that stands apart from standard renovations. The Gateway Grand itself operates on a different level than anything else in Ocean City. Not louder, just better built. It is the only building in the area constructed to exceed Miami-Dade County hurricane standards, with high-impact glass, advanced sound insulation, and an ultra-efficient two-pipe water-source HVAC system. These construction features provide increased durability, improved energy efficiency, and noticeably reduced interior noise compared to typical coastal condominium buildings. Access is controlled through a secured lobby with RFID entry, supported by on-site management and nightly security. The covered, gated parking structure offers more available parking than most competing buildings. Amenities are complete without feeling crowded, including indoor and outdoor heated pools overlooking the ocean, a private sun deck, a fully equipped oceanview fitness center, a childrens club, and deeded, conditioned storage for beach equipment. And when it comes to ownership, theres another layer most buyers dont think about. Owners in Gateway Grand historically hold pricing, which has helped maintain stronger long-term value compared to many other Ocean City condo buildings. This isnt just a different unit. Its a different way to look at what oceanfront living in Ocean City really means. This residence is ideal for buyers searching for a luxury 3-bedroom oceanfront or oceanview condo in Ocean City, MD with panoramic ocean, bay, and city views, high-end construction, full-service amenities, and strong long-term value potential. *Storage locker #104 will be included with this sale.

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Condo Active

Price

$ 1,339,000

Bedrooms

3

Full Bath

3

Property Type

Condo

Taxes

$ 13,550

Style

Unit/Flat

Year Built

2008

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2037756

Features
General
Living Area 1650
Sewer Public Sewer
Heating Heat Pump(s)
Cooling Central A/C Ceiling Fan(s)
Utilities Cable TV Available Electric Available
Possession Settlement
Roof Flat
Appliances Dishwasher Dryer Built-In Microwave Oven/Range - Electric Washer
Zoning RESIDENTIAL CONDOMINIUM
Garage Spaces 2.00
Association Fee Includes Common Area Maintenance Ext Bldg Maint Health Club Insurance Management Pool(s) Reserve Funds Water
Patio/Porch Features Balcony
Architectural Style Unit/Flat
Construction Materials Concrete Metal Siding
School District WORCESTER COUNTY PUBLIC SCHOOLS
Exclusions See Inventory Addendum
Year Built 2008
Electric Circuit Breakers
Levels 1
Unit Number 1002 GATEWAY GRAND
Tax Year 2025
Ownership Condominium
Cool Fuel Electric
Municipality Ocean City
Waterfront Features Sandy Beach
Building Name Gateway Grand
Accessibility None
HOA Fee 2 982.00
County WORCESTER
New Construction N
Property Type Residential
Association Amenities Common Grounds Elevator Exercise Room Fitness Center Game Room Meeting Room Party Room Pool - Indoor Pool - Outdoor Swimming Pool
HOA N
Subdivision Name NONE AVAILABLE
Garage Y/N Y
Water Access Y/N Y
Other Structures Above Grade Below Grade
Full Baths 3
Status ACTIVE
Directions Coastal Hwy South Left on 48th Street Building oceanfront on Left.
City OCEAN CITY
Body of Water Atlantic
Disclosures Prop Disclaimer Conserv Area
Senior Community Y/N N
MLS Area Direct Oceanfront (80)
HOA Fee 2 Frequency Monthly
Tax Annual Amount 13550.0
Structure Type Unit/Flat/Apartment
Condo/Coop Association fee Y/N Y
Bathrooms Full Main Level 3
Bathrooms Count Main Level 3.00
Price Per Sq Ft Total AG 811.52
Community Pool Features Indoor In Ground Heated
Vacation Rental Y/N N
Builder Name Bovis Leandlease
Standard Status Active
Year Built Source Assessor
Legal Subdivision GATEWAY GRAND
Tax Lot 1002
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Interior
Interior Amenities Crown Moldings Entry Level Bedroom Sprinkler System Walk-in Closet(s) WhirlPool/HotTub Window Treatments
Heating Fuel Electric
Flooring Carpet
Hot Water Electric
Common Walls 2+ Common Walls 2+ Common Walls
Basement (Y/N) N
Heating Y/N Y
Window Features Insulated Screens
Fireplace Y/N N
Above Grade Finished Area 1650
Central Air Y/N Y
Total Bedrooms 3
Below Grade Finished Area 0
Entry Level 10
Main Level Bedrooms 3
Below Grade Finished Area Unit Type Square Feet
Laundry Type Dryer In Unit Washer In Unit
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 3
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Exterior
Exterior Amenities Exterior Lighting Outside Shower Sidewalks Underground Lawn Sprinkler
Pool Yes - Community
Parking Features Electric Vehicle Charging Station(s) Handicap Parking Lighted Parking Paved Parking Secure Parking Unassigned
Water Source Public
Inclusions See Inventory Addendum
Garage Features Covered Parking
Type of Parking Attached Garage Parking Lot
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Water Body Type Ocean
Waterfront Y/N Y
Door Features Insulated Sliding Glass
Builder Model A
Land Assessed Value 0.00
Navigable Water Y/N N
Water Oriented Y/N Y
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Internal Only
Street Number 1 2
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* Excluded Features
List By
Keller Williams Realty Delmarva

Broker

grant@grantf.com

Email

Affordability Calculator

$9,374
Per Month
88%
12%
0%
Monthly Principal & Interest
$8,244
Monthly Property Taxes
$1,129
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3534738 Elementary School
3535750 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/20/2026$1,339,000 Listed Price

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2 48Th Street # 1002 GATEWAY GRAND, Ocean City, MD, 21842 is a Condo for sale at $1,339,000 with 1,650 sqft. 2 48Th Street # 1002 GATEWAY GRAND has 3 bedrooms, 3.0 baths, and was built in 2008. The property's zip code is 21842 which is in Ocean City, MD