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2 48th Street , Unit 1002 GATEW, Ocean City, MD 21842

$1,339,000
  • 2 48th Street , Unit 1002 GATEW, Ocean City, MD 21842 Main Photo

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New to the Market ACTIVE
BEDS3 BATHS3 full SQUARE FEET1,650 MLS#MDWO2037756
STATUSACTIVE PROPERTY TYPEResidential - Condominium SCHOOLWORCESTER COUNTY PUBLIC SCHOOLS

Property Description

Most buyers think “oceanfront” is always the best, and while that’s OFTEN true, it’s NOT ALWAYS true. Let’s look at a perfect example of why. Unit 1002 at The Gateway Grand, widely considered the most well-built luxury oceanfront high-rise in Ocean City, MD, might not check the traditional oceanfront box, but what it offers in views, and how you experience those views, tends to change people’s minds quickly. Sitting on the south side at the 10th floor, high above anything around it, the perspective opens up in a way most don’t expect. The view isn’t limited to just the ocean. It stretches for miles. Ocean in front of you, the downtown Ocean City skyline running south, Assateague Island in the distance, and sweeping bay views to the west. Sunrise to sunset! And because of the southern exposure, this residence benefits from more consistent natural light throughout the day and reduced exposure to the harsher northeast coastal winds and storms compared to many direct oceanfront units. The result is a more balanced, usable space year-round. Then there’s the part most people don’t think about until they see it. From the primary bedroom, the ocean is right there. Not from an angle, not from across the room, but directly in your line of sight from bed. Inside, this 3-bedroom, 3-bathroom residence has been extensively updated in all the highest impact ways. Luxury plank flooring runs throughout the main living areas. The kitchen has been reworked with new quartz countertops, a custom raised-height island, upgraded appliance package, and a tailored backsplash. Bathrooms and lighting and vanities have all been updated, and custom millwork carries throughout, adding a level of finish that stands apart from standard renovations. The Gateway Grand itself operates on a different level than anything else in Ocean City. Not louder, just better built. It is the only building in the area constructed to exceed Miami-Dade County hurricane standards, with high-impact glass, advanced sound insulation, and an ultra-efficient two-pipe water-source HVAC system. These construction features provide increased durability, improved energy efficiency, and noticeably reduced interior noise compared to typical coastal condominium buildings. Access is controlled through a secured lobby with RFID entry, supported by on-site management and nightly security. The covered, gated parking structure offers more available parking than most competing buildings. Amenities are complete without feeling crowded, including indoor and outdoor heated pools overlooking the ocean, a private sun deck, a fully equipped oceanview fitness center, a children’s club, and deeded, conditioned storage for beach equipment. And when it comes to ownership, there’s another layer most buyers don’t think about. Owners in Gateway Grand historically hold pricing, which has helped maintain stronger long-term value compared to many other Ocean City condo buildings. This isn’t just a different unit. It’s a different way to look at what oceanfront living in Ocean City really means. This residence is ideal for buyers searching for a luxury 3-bedroom oceanfront or oceanview condo in Ocean City, MD with panoramic ocean, bay, and city views, high-end construction, full-service amenities, and strong long-term value potential.

2 48th Street , Unit 1002 GATEW | MLS# MDWO2037756

This condo located at 2 48th Street , Unit 1002 GATEW, Ocean City, MD 21842 is currently listed for sale with an asking price of $1,339,000. This property was built in 2008 and has 3 bedrooms and 3 full baths with 1650 sq. ft. 48th Street , Unit 1002 GATEW is located within the WORCESTER COUNTY PUBLIC SCHOOLS school district. Search Ocean City real estate on www.maverickrealtyusa.com today.

Property Features

Property Type: Residential - Condominium
Cooling: Central A/C, Ceiling Fan(s)
Fuel Type: Electric
Garage: 2
Heating: Heat Pump(s)
Home Style: Unit/Flat
Roof Type: Flat
Stories: 1.0
Taxes: $13,550
Year Built: 2008

Feature Descriptions

Additional Structures: Above Grade, Below Grade
Appliances: Dishwasher, Dryer, Built-In Microwave, Oven/Range - Electric, Washer
Building Name: Gateway Grand
Community Amenities: Common Grounds, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Swimming Pool
Condo/Coop Fee: $982.00/Monthly
Electric: Circuit Breakers
Exterior: Exterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler
Exterior: Concrete, Metal Siding
Flooring: Carpet
Interior: Crown Moldings, Entry Level Bedroom, Sprinkler System, Walk-in Closet(s), WhirlPool/HotTub, Window Treatments
Lake Name: Atlantic
Municipality: Ocean City
Parking Features: Electric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Parking, Secure Parking, Unassigned
Parking Notes: 2 Total Parking Spaces
Pet Restrictions: Cats OK, Dogs OK, Number Limit
Sewer: Public Sewer
SQFT Above Finished: 1650
SQFT Total Finished: 1650
Structure Type: Unit/Flat/Apartment
Total Garage/Parking Spaces: 2
Utilities: Cable TV Available, Electric Available
Water: Public
Waterfront: Sandy Beach
Windows: Insulated, Screens

Local Schools

School District: WORCESTER COUNTY PUBLIC SCHOOLS

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty Delmarva
Agency Phone: 4105246400

Shown By

Agency Title: Maverick Realty, LLC
Agency Phone: (302) 365-8297

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Estimated Payment

$ 4,499.74 per month $2,980.03 Principal & Interest $1,129.17 Property Tax $390.54 Homeowner's Insurance

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