Maryland
Ocean City
2 48th St Unit 402

$1,099,000

2 48th St Unit 402, Ocean City, MD 21842

3 beds |
3 baths |
1,790 sqft

Condominium
Built in 2008
—— sqft lot
2 car garage
$614/sqft
Listed 9 months ago

Property Description

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 2025 rentals.

Listing Status:: Active
Date Added:: October 20, 2024 at 05:00AM
Listing Office:: Keller Williams Realty Delmarva : 4105246400
Listing Agent:: Jonathan M Barker : 4109353810
MLS ID:: MDWO2026410

General: CarpetCeiling Fan(s)Combination Dining/LivingCombination Kitchen/DiningCrown MoldingsDining AreaEntry Level BedroomFlatFloor Plan - OpenPantryPrimary Bath(s)Recessed LightingBathroom - Soaking TubSprinkler SystemBathroom - Tub ShowerUpgraded CountertopsWalk-in Closet(s)WhirlPool/HotTubWindow Treatments
Appliances: Built-In MicrowaveDishwasherDisposalDryerFreezerOven/Range - ElectricRefrigeratorWasher
Laundry: Dryer In UnitWasher In Unit
Flooring: CarpetCeramic Tile
A/C: Central A/C
Heating: YCentralElectric
Disability Feature: None

This listing courtesy of Jonathan M Barker, Keller Williams Realty Delmarva

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Ocean City Elementary School

12828 Center Dr, Ocean City, MD, 21842

Grades PK-4

2.82 miles away

Stephen Decatur Middle School

9815 Seahawk Rd, Berlin, MD, 21811

Grades 7-8

7.04 miles away

Stephen Decatur High School

9913 Seahawk Rd, Berlin, MD, 21811

Grades 9-12

6.98 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.