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 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 2024 rentals.
MDWO2026410
MLSⓇ ID
October 20, 2024
Listed
October 21, 2024
Updated
Map
2 48th St #402
Ocean City MD, 21842
Interior Features
Total Stories
1
Bedrooms
3
Total Bathrooms
3
Full Bathrooms
3
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
$10,084
Tax Frequency
Annually
Days on Market
1
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
Listed by Keller Williams Realty Delmarva
Listing Contact: 4109353810
The IDX display contains information sourced from the Bright MLS, Inc. as of 10/21/2024. 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 10/21/2024 at 10:39 AM UTC