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2 48th Street Unit 1612 GATEWAY GRAND

Ocean City, MD 21842

4 beds
4 baths
2,323 sqft
$985 per sqft
2008 build

Perched high above the coastline on the north oceanfront corner of The Gateway Grand, Residence 1612 offers a truly one-of-a-kind experience. This 4-bedroom, 4-bathroom luxury condominium is one of only two residences in the entire building featuring this unique layout — including the coveted fourth full bathroom, providing added privacy and convenience for family and guests. What sets this home apart is its commanding position on the 16th floor, where walls of glass showcase sweeping, unobstructed views of the Atlantic Ocean, the Assawoman Bay, and the full northern expanse of Ocean City. Whether you're watching the sunrise over the ocean or taking in the glow of sunset across the bay, the panoramic vistas are unmatched. Meticulously maintained and thoughtfully updated, this beach retreat exudes coastal elegance. From the spacious open-concept living area to the high-end finishes and designer details throughout, every inch has been crafted with comfort and style in mind. The gourmet kitchen features stainless steel appliances, granite countertops, and a large center island — perfect for entertaining. Each bedroom is generously sized, and the primary suite offers its own slice of luxury with a spa-like bath and private balcony access. As a homeowner in The Gateway Grand, you’ll enjoy resort-style amenities including an indoor pool, outdoor pool, fitness center, private owners’ lounges, kids' club room, and on-site property management. The building is constructed to the highest standards, including hurricane-rated windows and doors, and is one of the few buildings in Ocean City with year-round security and controlled access. Located in the heart of midtown Ocean City (48th Street), you're just steps from the beach and minutes from local favorites like Seacrets, Fager’s Island, Macky’s, and some of the best dining and entertainment the area has to offer. It’s a perfect blend of luxury, location, and lifestyle. Whether you're looking for a high-end family getaway, a savvy investment, or both — Residence 1612 delivers an extraordinary coastal living experience at one of the most desirable addresses in Ocean City. While this residence is being sold without the existing furniture, as the result of being the current owners primary residence, a complete set of coastal-themed furniture is available to be included with this sale (inquire with listing agent for more details and photos of this replacement set).

Listing courtesy of BRIGHT / Keller Williams Realty Delmarva

Last checked: Checking… • Last updated Jul 12, 2025 •

MLS# MDWO2031922 —

The Building

Year Built:

2008
Year Built Source:

Assessor
Roof:

Built-Up
New Construction:

No
Construction Materials:

Masonry
Builder Name:

Bovis Lendlease
Building Name:

Gateway Grand
Building Levels:

17
Building Units Total:

196
Unit Building Type:

Hi-Rise 9+ Floors
Structure Type:

Unit/Flat/Apartment
Architect Name:

Becker Morgan
Architectural Style:

Unit/Flat
Levels:

1
Elevators:

5
Main Entrance:

West
Entry Floor Number:

16
Door Features:

Insulated, Sliding Glass
Security Features:

Sprinkler System - Indoor
Window Features:

Insulated, Screens
Accessibility Features:

None
Common Walls:

1 Common Wall
Foundation Details:

Pillar/Post/Pier
Basement:

No
Unit Number:

1612 GATEWAY GRAND
Green Energy Efficient:

Construction, HVAC
Total SqFt Source:

Estimated
Total Below Grade SqFt Source:

Assessor
Above Grade Finished Area Units:

Square Feet
Above Grade Finished SqFt:

2323
Above Grade Finished SqFt Source:

Estimated
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:

2184

Interior

Interior Features:

Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Floor Plan - Open, Sprinkler System, Walk-in Closet(s)
Floors In Unit:

1
Flooring Type:

Carpet, Ceramic Tile, Luxury Vinyl Plank
Fireplace:

No
Wall & Ceilings:

9'+ Ceilings, Dry Wall
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

2323
Living Area SqFt:

2,323 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Settlement

Location

Directions:

Coastal Highway to 48th Street; Ocean Front
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:

See Inventory Addendum
Exclusions:

Chandeliers
Zoning:

RESIDENTIAL CONDOMINIUM
Zoning Description:

RESIDENTIAL CONDOMINIUM
View:

Bay, City, Ocean, Panoramic, Other
In City Limits:

Yes
Outdoor Living Structures:

Balcony
Other Structures:

Above Grade, Below Grade
Waterview:

Yes
Waterfront:

Yes
Waterfront Features:

Sandy Beach
Water Oriented:

Yes
Water Access:

Yes
Water Access Features:

Public Beach, Swimming Allowed
Distance To Water:

Blocks
Water Body Name:

Atlantic
Water Body Type:

Ocean
Navigable Water:

No
Water Frontage In Feet:

40
Tidal Water:

Yes
Land Use Code:

U

Listing Agent

Contact info:

Taxes

Tax ID Number:

2410765315
Tax Year:

2024
Tax Lot:

1612
Tax Annual Amount:

$18,656
Tax Assessed Value:

$1,403,567
Year Assessed:

2025
County Tax:

11263.00
City/Town Tax:

5899.00
Total Taxes Payment Frequency:

Annually

Beds

Bedrooms:

4
Bedrooms Main Level:

4

Baths

Total Baths:

4
Full Baths:

4
Main Level Baths:

4.00
Main Level Full Baths:

4

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, Electric Available
Sewer/Septic:

Public Sewer
Electric Service:

Circuit Breakers
Hot Water:

Electric
Water Source:

Public
Internet Services:

Cable

Appliances

Appliances:

Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Icemaker, Oven/Range - Electric, Refrigerator, Washer
Laundry Type:

Dryer In Unit, Washer In Unit
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, Outside Shower, Sidewalks, Underground Lawn Sprinkler
Pool:

Yes - Community
Community Pool Features:

In Ground, Indoor, Heated, Concrete
HOA:

No
Condo/Coop Association:

Yes
HOA/Condo/Coop Amenities:

Common Grounds, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Security, Swimming Pool
Condo/Coop Fee:

$1,354
Condo/Coop Fee Frequency:

Monthly
HOA/Condo/Coop Fee:

Common Area Maintenance, Ext Bldg Maint, Health Club, Insurance, Management, Pool(s), Reserve Funds, Water
Other Fees:

280.00
Condo/Coop Name:

Gateway Grand

Parking

Total Garage and Parking Spaces:

3
Garage:

Yes
Garage Features:

Covered Parking
Garage Spaces:

3.00
Type of Parking:

Off Street, Parking Lot, Parking Garage
Parking Features:

Electric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Parking, Permit Included, Surface, Unassigned
Parking Garage - # of Spaces:

3

Extra Units

Vacation Rental:

No

Monthly cost estimate

Asking price

$2,290,000

Expense	Monthly cost
Mortgage	$12,262
Taxes	$1,554
Insurance	$629
HOA fees	$1,354
Utilities	$163 See report
Total	$15,962/mo.^*
	^*This is an estimate

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Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
7/12/25 Jul 12, 2025	Listed / Active	BRIGHT	$2,290,000

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This condo located in Ocean City 21842 is currently for sale for $2,290,000. 2 48th Street Unit 1612 GATEWAY GRAND is a 2,323 square foot condo with 4 beds and 4 baths. This condo is in the attendance area of Ocean City Elementary School, Berlin Intermediate School, Stephen Decatur Middle School, and Stephen Decatur High School.

Listing Courtesy of: BRIGHT and Keller Williams Realty Delmarva.

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.