Active

2 48th St #402

Ocean City MD, 21842

$1,099,000


$613.97 per sqft

Active

3 Beds

3 Baths

1,790 sqft

Condo

Built in 2008

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. 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 2024 rentals.

MDWO2017306

MLS ID

February 23, 2024

Updated

Map

2 48th St #402
Ocean City MD, 21842

Interior Features

Total Stories

1


Bedrooms

3 Beds


Bathrooms

3 Baths


Interior Features

Pantry, Walk-In Closet(s)


Appliances

Dishwasher, Disposal, Dryer, Refrigerator, Freezer, Microwave, Electric Oven, Electric Range, Washer, Electric Water Heater


Floor Description

Carpet, Ceramic Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Ceiling Fan(s)


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Exterior Features

Balcony


Architectual Style

Unit/Flat


Sewer

Public Sewer

School Information

School District

WORCESTER COUNTY PUBLIC SCHOOLS

Other Property Details

Area Name

Ocean City


Taxes

$8,489


Tax Frequency

Annually


Days on Market

120


Association Amenities

Pool, Fitness Center, Game Room, Meeting Room, Party Room


Garage

Yes


Garage Spaces

2


Parking

Attached


Parking Total

2


View

Yes


View Description

Bay, Water, City, Ocean


County

WORCESTER


Water Source

Public


Pool

No


Waterfront

Yes


Zoning

Residential Condominium


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

2/23/2024

Price Change

$1,099,000

-2%

Listed by Jonathan M Barker, Grant K Fritschle with Keller Williams Realty Delmarva
Listing Contact: 4109353810 

The IDX display contains information sourced from the Bright MLS, Inc. as of 2/23/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 2/23/2024 at 5:12 PM UTC

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