2 48th St Unit 401, Ocean City, MD 21842

$1,125,000
4
BD
3
BA
2,385
SqFt

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Sold Price
$1,125,000
List Price
$1,175,000
Status
CLOSED
Days on Market
11
Closing Date
Mar 26, 2026
MLS#
MDWO2036498
Subtype
Residential
Style
Apartment
Year Built
2008
Bedrooms
4
Bathrooms
3
Full Baths
3
Living Area
2,385
Subdivision
None Available
Building Name
Gateway Grand
MLS Area Major
Oceanfront Indirect View (81)

Property Description

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.

Additional Information

Interior Features
Ceiling Fans, Some Carpeting, Dining Combo, Dining Combo, Crown Molding, Separate Dining Room, Entry Level Bedroom, Open Floor Plan, Bath in Primary Bedroom, Soaking Tub, Sprinkler System, Tub Shower, Whirlpool Tub, Window Treatments
Exterior Features
Lighting, Outdoor Shower, Sidewalk, Sprinkler System
Taxes
$10,878
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, Ice Maker, Electric Range, Refrigerator, Washer
Heating
Heat Pump
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
3
School District
Worcester County Public Schools
View
City, Ocean

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Listing courtesy of Keller Williams Realty Delmarva. Contact:

Selling Office: Coastal Life Realty Group LLC.