2 48Th Street # 706 GATEWAY GRAND Ocean City, MD $ 2,000,000
2 48Th Street # 706 GATEWAY GRAND
$ 2,000,000
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2 48Th Street # 706 GATEWAY GRAND

Ocean City, MD, 21842
$ 2,000,000
Bedrooms4 Baths3.0 Sq 2,061

Monthly Estimate*

$ 12,628

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Condo for sale in Ocean City, MD

for $2,000,000 with 4 bedrooms and 3 full baths. This 2,061 square foot condo was built in 2008.

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?

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Condo Coming Soon

Price

$ 2,000,000

Bedrooms

4

Full Bath

3

Property Type

Condo

Taxes

$ 18,817

Style

Unit/Flat

Year Built

2008

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2039504

Features
General
Living Area 2061
Sewer Public Sewer
Heating Heat Pump(s)
Cooling Central A/C
Possession Settlement
Roof Flat
Appliances Built-In Microwave Dishwasher Dryer Oven/Range - Electric Washer Freezer Refrigerator
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
Levels 1
Other Fees 1700.00
Unit Number 706 GATEWAY GRAND
Tax Year 2025
Ownership Condominium
Cool Fuel Electric
Municipality Ocean City
Building Name Gateway Grand
Accessibility None
HOA Fee 2 1299.00
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 N
Other Structures Above Grade Below Grade
Full Baths 3
Status COMING SOON
Directions Coastal Hwy South Left on 48th Street Building oceanfront on Left.
City OCEAN CITY
Disclosures Prop Disclaimer Conserv Area
Other Fees Frequency One Time
Senior Community Y/N N
MLS Area Direct Oceanfront (80)
HOA Fee 2 Frequency Monthly
Tax Annual Amount 18817.0
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 970.4
Community Pool Features In Ground Indoor Heated
Vacation Rental Y/N N
Builder Name Bovis Lendlease
Standard Status Coming Soon
Year Built Source Assessor
Legal Subdivision GATEWAY GRAND
Tax Lot 706
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Interior
Interior Amenities Crown Moldings Entry Level Bedroom Sprinkler System Walk-in Closet(s) WhirlPool/HotTub Window Treatments Bathroom - Soaking Tub Bathroom - Tub Shower Carpet Ceiling Fan(s) Combination Kitchen/Dining
Heating Fuel Electric
Flooring Carpet Tile/Brick
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 2061
Central Air Y/N Y
Total Bedrooms 4
Below Grade Finished Area 0
Entry Level 7
Main Level Bedrooms 4
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
Waterfront Y/N N
Door Features Insulated Sliding Glass
Builder Model B
Land Assessed Value 0.00
Navigable Water Y/N N
Water Oriented Y/N N
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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

$14,196
Per Month
89%
11%
0%
Monthly Principal & Interest
$12,628
Monthly Property Taxes
$1,568
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
7/3/2026$2,000,000 Listed Price

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2 48Th Street # 706 GATEWAY GRAND, Ocean City, MD, 21842 is a Condo for sale at $2,000,000 with 2,061 sqft. 2 48Th Street # 706 GATEWAY GRAND has 4 bedrooms, 3.0 baths, and was built in 2008. The property's zip code is 21842 which is in Ocean City, MD