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2 48Th Street # 401 Ocean City, MD $ 1,175,000
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2 48Th Street # 401
$ 1,175,000
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2 48Th Street # 401

Ocean City, MD, 21842
$ 1,175,000
Bedrooms4 Baths3.0 Sq 2,385

Monthly Estimate*

$ 7,235

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Condo for sale in Ocean City, MD

for $1,175,000 with 4 bedrooms and 3 full baths. This 2,385 square foot condo was built in 2008.

This 2385 square foot 4 Bedroom 3 Bathroom Residence at the Gateway Grand is a must see! One of the most impressive parts of this condominium is the oversized living room, which is one of the largest in the building. The residence features two balconies, one of which is accessible from each bedroom and the very large living room. You will appreciate the southern exposure location which provides an abundance of natural light and warmth. From the fourth floor you have views of the Atlantic Ocean from the Southern balcony that extends beyond the other residence balconies in front of it. The Gateway Grand is one of Ocean City's newest and most spectacular luxury condominium building featuring an abundance of amenities including a heated indoor and outdoor pool, state of the art fitness center, private owners' lounges, on-site property management, on-site maintenance team, gated parking garage, kids club, and so much more. Ground floor deeded storage locker #169 conveys with residence. 2026 rentals must be honored. See attached rental schedule for reference in documents section. Grossed $58,149 in rental income in 2025 and already has $50,610 booked for 2026. The pictures of this residence were taken when it was last sold. New updated images and a virtual tour will be uploaded ASAP.

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Condo Active

Price

$ 1,175,000

Bedrooms

4

Full Bath

3

Property Type

Condo

Taxes

$ 10,878

Style

Unit/Flat

Year Built

2008

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2036498
Features
General
Living Area 2385
Sewer Public Sewer
Heating Heat Pump(s)
Cooling Central A/C
Utilities Cable TV Available Electric Available
Possession Settlement
Roof Flat
Appliances Built-In Microwave Dishwasher Disposal Dryer Icemaker Oven/Range - Electric Refrigerator Washer
Zoning RESIDENTIAL
Garage Spaces 3.00
Association Fee Includes Common Area Maintenance Ext Bldg Maint Health Club Insurance Management Pool(s) Reserve Funds Water
Patio/Porch Features Balcony Wrap Around
Architectural Style Unit/Flat
Security Features Sprinkler System - Indoor
Construction Materials Concrete Metal Siding
School District WORCESTER COUNTY PUBLIC SCHOOLS
Exclusions None
Year Built 2008
Electric Circuit Breakers
View City Ocean
Levels 1
Other Fees 840.00
Unit Number 401
Tax Year 2025
Ownership Condominium
Cool Fuel Electric
Municipality Ocean City
Building Name Gateway Grand
Accessibility None
HOA Fee 2 1336.00
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
Facing Direction West
Garage Y/N Y
Water Access Y/N Y
Other Structures Above Grade Below Grade
Total Rooms 11
Full Baths 3
Status ACTIVE
Directions Coastal Highway to 48th Street; Ocean Front
City OCEAN CITY
Body of Water Atlantic
Disclosures Conserv Area Prop Disclaimer
Other Fees Frequency One Time
Senior Community Y/N N
Number Of Units Total 1
MLS Area Oceanfront Indirect View (81)
HOA Fee 2 Frequency Monthly
Tax Annual Amount 10878.0
Home Warranty Y/N N
Property Condition Excellent
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 492.66
Acceptable Financing Cash Conventional
Community Pool Features In Ground Indoor Heated
Lease Considered Y/N N
Vacation Rental Y/N Y
Location Type Oceanblock
Builder Name Bovis Lendlease
Standard Status Active
Year Built Source Assessor
Legal Subdivision GATEWAY GRAND
Tax Lot 401
Total Actual Rent 58149.00
Federal Flood Zone X
Association Recreation Fee N
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Interior
Interior Amenities Ceiling Fan(s) Carpet Combination Dining/Living Combination Kitchen/Dining Crown Moldings Dining Area Entry Level Bedroom Floor Plan - Open Primary Bath(s) Bathroom - Soaking Tub Sprinkler System Bat
Heating Fuel Electric
Flooring Carpet Ceramic Tile
Hot Water Electric
Total Stories 17
Common Walls 1 Common Wall 1 Common Wall
Basement (Y/N) N
Heating Y/N Y
Window Features Insulated Screens
Fireplace Y/N N
Above Grade Finished Area 2385
Central Air Y/N Y
Total Bedrooms 4
Below Grade Finished Area 0
Entry Level 4
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 Estimated
Above Grade Finished Area Unit Type Square Feet
Total Baths 3
Number of Elevators 5
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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 Driveway Secure Parking Surface Unassigned
Lot Features Premium
Water Source Public
Inclusions Fully Furnished
Garage Features Covered Parking
Type of Parking Attached Garage Parking Lot
Foundation Details Pillar/Post/Pier
Water View Y/N Y
Lot Dimensions 0.00 x 0.00
Water Body Type Ocean
Waterfront Y/N N
Door Features Insulated Sliding Glass
Builder Model C
Water Access Features Public Access Public Beach Swimming Allowed
Horse Y/N N
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

jon@markf.com

Email

Affordability Calculator

$8,141
Per Month
89%
11%
0%
Monthly Principal & Interest
$7,235
Monthly Property Taxes
$907
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/22/2026$1,175,000 Listed Price

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2 48Th Street # 401, Ocean City, MD, 21842 is a Condo for sale at $1,175,000 with 2,385 sqft. 2 48Th Street # 401 has 4 bedrooms, 3.0 baths, and was built in 2008. The property's zip code is 21842 which is in Ocean City, MD

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