2 48th St #402, OCEAN CITY, MD 21842
Local realty services provided by:ERA Liberty Realty



2 48th St #402,OCEAN CITY, MD 21842
$1,099,000
- 3 Beds
- 3 Baths
- 1,790 sq. ft.
- Condominium
- Active
Listed by:jonathan m barker
Office:keller williams realty delmarva
MLS#:MDWO2026410
Source:BRIGHTMLS
Price summary
- Price:$1,099,000
- Price per sq. ft.:$613.97
About this home
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 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 and $49,044.24 in 2024. Some weeks were blocked in 2023 for owner use and it could produce more income if so desired by the new owners. Buyers to honor 2025 rentals.
Contact an agent
Home facts
- Year built:2008
- Listing Id #:MDWO2026410
- Added:662 day(s) ago
- Updated:August 20, 2025 at 01:46 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:3
- Living area:1,790 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Central, Electric
Structure and exterior
- Roof:Flat
- Year built:2008
- Building area:1,790 sq. ft.
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,099,000
- Price per sq. ft.:$613.97
- Tax amount:$10,084 (2024)
New listings near 2 48th St #402
- Coming Soon$485,000Coming Soon2 beds 2 baths
5505 Atlantic Ave #107, OCEAN CITY, MD 21842
MLS# MDWO2032632Listed by: KELLER WILLIAMS REALTY - Coming SoonOpen Sat, 1 to 3pm$625,000Coming Soon3 beds 3 baths
104 125th St #106, OCEAN CITY, MD 21842
MLS# MDWO2032542Listed by: COLDWELL BANKER REALTY - Coming SoonOpen Sat, 10:30am to 12:30pm$489,900Coming Soon2 beds 2 baths
12301 Jamaica Ave #f122, OCEAN CITY, MD 21842
MLS# MDWO2032700Listed by: COLDWELL BANKER REALTY - New$479,900Active2 beds 2 baths952 sq. ft.
12609 Wight St #101, OCEAN CITY, MD 21842
MLS# MDWO2032744Listed by: BERKSHIRE HATHAWAY HOMESERVICES PENFED REALTY - Open Sun, 11am to 2pmNew$389,900Active1 beds 2 baths586 sq. ft.
5101 Atlantic Ave #1050b, OCEAN CITY, MD 21842
MLS# MDWO2032736Listed by: COLDWELL BANKER REALTY - Coming Soon$949,900Coming Soon3 beds 2 baths
124 75th St #201, OCEAN CITY, MD 21842
MLS# MDWO2032298Listed by: RE/MAX ADVANTAGE REALTY - Coming SoonOpen Sat, 10am to 3pm$899,900Coming Soon3 beds 2 baths
609 Bayshore Dr #32, OCEAN CITY, MD 21842
MLS# MDWO2032540Listed by: COLDWELL BANKER REALTY - Coming Soon$439,000Coming Soon2 beds 2 baths
8 35th St #101, OCEAN CITY, MD 21842
MLS# MDWO2032722Listed by: LONG & FOSTER REAL ESTATE, INC. - Coming Soon$379,900Coming Soon1 beds 2 baths
2821 Plover Dr #24, OCEAN CITY, MD 21842
MLS# MDWO2032650Listed by: ATLANTIC SHORES SOTHEBY'S INTERNATIONAL REALTY - Coming Soon$559,000Coming Soon2 beds 2 baths
9900 Coastal Hwy #1609, OCEAN CITY, MD 21842
MLS# MDWO2032436Listed by: BERKSHIRE HATHAWAY HOMESERVICES PENFED REALTY - OP