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2 48th Street Unit 1402

Ocean City, MD 21842

3 beds
3 baths
1,650 sqft
$757 per sqft
2008 build

The combination of Ocean, Bay & City Skyline views are Arguably some of the most amazing in all of Ocean City. When the Sun goes down you the views don't stop as you will be treated with a bonus of the City lights. This Stunning 3 Bedroom 3 full Bath Condominium is located on the 14th floor in the Gateway Grand Ocean City’s Premiere luxury residence. This incredible condo is being offered fully furnished and equipped and as a bonus it comes with built in rental income for the 2025 Season. Features a gourmet kitchen with granite counters, upgraded cabinets, beautiful tile floors and stainless steel appliances. The Gateway Grand amenities are top notch with a year round heated indoor pool, large heated outdoor pool, fitness room (open 24hrs.), kids club room, Oceanfront Sundeck, 2 car parking & large deeded storage locker. The building has a secure entry with a staffed front desk and evening security. There is also camera coverage of the amenities and parking garage for added security. Professional photos coming soon!

Listing courtesy of BRIGHT / Berkshire Hathaway HomeServices PenFed Realty

Last checked: Checking… • Last updated Apr 10, 2025 •

MLS# MDWO2029108 —

The Building

Year Built:

2008
Year Built Source:

Assessor
Roof:

Built-Up
New Construction:

No
Construction Materials:

Masonry
Building Name:

Gateway Grand
Building Units Total:

1
Unit Building Type:

Hi-Rise 9+ Floors
Structure Type:

Unit/Flat/Apartment
Historic:

No
Architectural Style:

Unit/Flat
Levels:

1
Main Entrance:

East
Entry Floor Number:

14
Security Features:

Sprinkler System - Indoor
Window Features:

Insulated, Screens
Accessibility Features:

None
Foundation Details:

Pillar/Post/Pier
Basement:

No
Unit Number:

1402
Building Winterized:

No
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Above Grade Finished Area Units:

Square Feet
Above Grade Finished SqFt:

1650
Above Grade Finished SqFt Source:

Assessor
Below Grade Finished Area Units:

Square Feet
Below Grade Unfinished Area Units:

Square Feet
Below Grade Finished SqFt Source:

Assessor
Below Grade Unfinished SqFt Source:

Assessor
Tax Total Finished SqFt:

1650

Interior

Interior Features:

Ceiling Fan(s), Elevator, Sprinkler System, Walk-in Closet(s), Carpet, Combination Kitchen/Dining, Flat, Floor Plan - Traditional, Window Treatments
Flooring Type:

Carpet, Ceramic Tile
Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

1650
Living Area SqFt:

1,650 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Conventional
Possession:

Immediate
Lease Considered:

No

Location

Directions:

48th st & oceanfront.
Latitude:

38.37384000
Longitude:

-75.06814000
Location Type:

Oceanfront

The Property

Property Type:

Residential
Property Condition:

Excellent
Lot Size Dimensions:

0.00 x 0.00
Lot Dimensions Source:

Assessor
Inclusions:

Furniture, electronics etc.
Exclusions:

Items in Owners closet
Zoning:

R
View:

Ocean, Bay, Panoramic
In City Limits:

Yes
Outdoor Living Structures:

Balcony
Other Structures:

Above Grade, Below Grade
Horse:

No
Waterview:

Yes
Waterfront:

Yes
Waterfront Features:

Sandy Beach
Water Oriented:

Yes
Water Access:

Yes
Water Body Name:

Atlantic Ocean
Water Body Type:

Ocean
Navigable Water:

No
Water Frontage In Feet:

500
Tidal Water:

Yes
Land Use Code:

U
Ground Rent Exists:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

2410764920
Tax Year:

2024
Tax Lot:

1402
Tax Annual Amount:

$12,701
Tax Assessed Value:

$907,500
Year Assessed:

2024
County Tax:

7668.00
City/Town Tax:

4016.00
Total Taxes Payment Frequency:

Annually

Beds

Bedrooms:

3
Bedrooms Main Level:

3

Baths

Total Baths:

3
Full Baths:

3
Main Level Baths:

3.00
Main Level Full Baths:

3

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Heat Pump(s)
Heating Fuel:

Electric

Utilities

Utilities:

Cable TV
Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Appliances

Appliances:

Dishwasher, Disposal, Dryer, Refrigerator, Built-In Microwave, Exhaust Fan, Washer, Water Heater
Washer/Dryer/Hook Up in Unit:

Yes

Schools

School District Name:

Worcester County Public Schools
School District Source:

Listing Agent

The Community

Subdivision Name:

None Available
Senior Community:

No
Exterior Features:

Exterior Lighting, Play Area, Secure Storage
Pool:

Yes - Community
Community Pool Features:

Indoor, In Ground
Association Recreation Fee:

No
HOA:

No
Condo/Coop Association:

Yes
HOA/Condo/Coop Amenities:

Beach Club, Exercise Room, Game Room, Pool - Indoor, Pool - Outdoor, Security
Condo/Coop Fee:

$921
Condo/Coop Fee Frequency:

Monthly
HOA/Condo/Coop Fee:

Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Pool(s), Reserve Funds, Water
Municipal Trash:

No
Condo/Coop Name:

Legum & Norman

Parking

Total Garage and Parking Spaces:

2
Garage:

Yes
Garage Features:

Covered Parking
Garage Spaces:

2.00
Type of Parking:

Off Street, Parking Garage
Parking Garage - # of Spaces:

2

Extra Units

Vacation Rental:

Yes

Monthly cost estimate

Asking price

$1,250,000

Expense	Monthly cost
Mortgage	$6,693
Taxes	$1,058
Insurance	$343
HOA fees	$921
Utilities	$140 See report
Total	$9,155/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
3/28/25 Mar 28, 2025	Price Changed	BRIGHT	$1,250,000	-3.8%
3/5/25 Mar 5, 2025	Listed / Active	BRIGHT	$1,299,900

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This condo located in Ocean City 21842 is currently for sale for $1,250,000. 2 48th Street Unit 1402 is a 1,650 square foot condo with 3 beds and 3 baths. This condo is in the attendance area of Stephen Decatur High School, Berlin Intermediate School, Stephen Decatur Middle School, and Ocean City Elementary School.

Listing Courtesy of: BRIGHT and Berkshire Hathaway HomeServices PenFed Realty.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.