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2 48th St Unit 402, Ocean City, MD 21842

$1,050,000
: 3
BD
: 3
BA
: 1,790
SqFt

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List Price: $1,050,000
Status: ACTIVE
Days on Market: 23
MLS#: MDWO2041670
Subtype: Residential
Style: Apartment
Year Built: 2008
Bedrooms: 3
Bathrooms: 3
Full Baths: 3
Living Area: 1,790
Subdivision: None Available
Building Name: Gateway Grand
MLS Area Major: Oceanfront Indirect View (81)

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Property Description

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 new carpet, 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, $49,044.24 in 2024 and $45,767.40 in 2025.

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Additional Information

Interior Features: Some Carpeting, Ceiling Fans, Dining Combo, Dining Combo, Crown Molding, Separate Dining Room, Entry Level Bedroom, Flat, Open Floor Plan, Pantry, Bath in Primary Bedroom, Recessed Lighting, Soaking Tub, Sprinkler System, Tub Shower, Upgraded Countertops, Walk-In Closet(s), Whirlpool Tub, Window Treatments
Exterior Features: Lighting, Outdoor Shower, Sidewalk, Sprinkler System
Taxes: $10,084
Pets Allowed: Cats OK, Dogs OK, Number Limit
Building Name: Gateway Grand
Property Description: Apartment
Zoning: RESIDENTIAL
Flooring: Carpet, Tile
Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Freezer, Electric Range, Refrigerator, Washer
Heating: Central
Air Conditioning: Central Air
Levels: One
Roof: Flat
Foundation: Pillar/Post/Pier
Parking Features: Electric Vehicle Charging Station(s), Handicap Parking, Lighted, Paved Driveway, Secured, Surface, Unassigned
Garage Spaces: 2
School District: Worcester County Public Schools
View: Bay, City, Ocean