Seller's Agent in 2023
Grant Fritschle
Keller Williams Realty Delmarva
(410) 430-5880
216 in this area
325 Total Sales
Gateway Grand 2 48th St Unit 1608 Ocean City, MD 21842
Estimated Value: $1,054,000 - $1,415,000
3
Beds
3
Baths
1,790
Sq Ft
$808/mo
HOA Fee
Highlights
- 20 Feet of Waterfront
- Access to Tidal Water
- Fitness Center
- Ocean City Elementary School Rated A
- Sandy Beach
- Open Floorplan
About This Home
As of July 2023We see a lot of stunning residences at The Gateway Grand, but this one stands alone! No attention to detail was spared, as this beach-home was lovingly upgraded and decorated with some of the finest quality finishes we've seen in the building. Highlighted by a smart-home automation system, custom motorized window treatments, custom valances, hand picked furniture and art, custom millwork, a state-of-the-art entertainment system, brand new hvac system..... and so much more. This oceanfront home is so impressive you'll have to see it to believe it. Being sold fully furnished and move-in-ready, the new owners need only to bring their swim-suit and tooth-brush!
The Gateway Grand is Ocean City's finest oceanfront building, offering owners a one-of-a-kind beach lifestyle unlike anyplace else around. Featuring a heated indoor pool, heated outdoor pool, fitness center, deeded storage lockers, on-site property management, gated parking, kids club, and more. This professionally managed Association is financially sound and healthy. Condo fees are $808/mo.
Last Agent to Sell the Property
(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva License #RA0020779 Listed on: 04/24/2023
Co-Listed By
(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva License #618143
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,814
Year Built
- Built in 2008
Lot Details
- 20 Feet of Waterfront
- Sandy Beach
- Two or More Common Walls
- West Facing Home
- Sprinkler System
HOA Fees
- $808 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Handicap Parking
- Electric Vehicle Home Charger
- Lighted Parking
- Parking Lot
- Surface Parking
- Unassigned Parking
- Secure Parking
Home Design
- Entry on the 16th floor
- Flat Roof Shape
- Pillar, Post or Pier Foundation
- Metal Siding
Interior Spaces
- 1,790 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Furnished
- Crown Molding
- Ceiling Fan
- Insulated Windows
- Window Treatments
- Window Screens
- Sliding Doors
- Insulated Doors
Kitchen
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
- Whirlpool Bathtub
Laundry
- Laundry in unit
- Dryer
- Washer
Eco-Friendly Details
- ENERGY STAR Qualified Equipment
Outdoor Features
- Outdoor Shower
- Access to Tidal Water
- Water Access
- Property is near an ocean
- Balcony
- Exterior Lighting
Utilities
- Heat Pump System
- Electric Water Heater
- Public Septic
- Cable TV Available
Listing and Financial Details
- Tax Lot 1608
- Assessor Parcel Number 2410765277
Community Details
Overview
- $2,424 Capital Contribution Fee
- Association fees include common area maintenance, exterior building maintenance, health club, insurance, management, pool(s), reserve funds, water
- $830 Other One-Time Fees
- High-Rise Condominium
- Gateway Grand Condos
- Built by Bovis Lendlease
- Gateway Grand Community
- Property Manager
Amenities
- Common Area
- Game Room
- Meeting Room
- Party Room
- 5 Elevators
Recreation
- Heated Community Pool
Pet Policy
- Dogs and Cats Allowed
Matterport 3D Tour
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 1, 2024
Sold by
Luddy Thomas F and Luddy Donna
Bought by
Thomas F Luddy Revocable Trust and Donna Luddy Revocable Trust
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$766,500
Interest Rate
6.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 15, 2024
Sold by
Schmeusser Lloyd and Thackray-Schmeusser Linda
Bought by
Luddy Thomas F and Luddy Donna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$766,500
Interest Rate
6.88%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 24, 2023
Closed on
Jul 12, 2023
Sold by
Ryder Rona R and Ryder Joan C
Bought by
Schmeusser Lloyd and Thackray-Schmeusser Linda
Seller's Agent
Grant Fritschle
Keller Williams Realty Delmarva
Buyer's Agent
Phillip Knight
Northrop Realty
List Price
$1,325,000
Sold Price
$1,250,000
Premium/Discount to List
-$75,000
-5.66%
Views
124
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.30%
Purchase Details
Closed on
Jul 26, 2013
Sold by
Carlyle High Street Ocean City Lp
Bought by
Ryder Rona R and Ryder Joan C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.45%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Thomas F Luddy Revocable Trust | -- | None Listed On Document | |
| Luddy Thomas F | $1,300,000 | Capitol Title | |
| Luddy Thomas F | $1,300,000 | Capitol Title | |
| Schmeusser Lloyd | $1,250,000 | Ocean Investments Title | |
| Schmeusser Lloyd | $1,250,000 | Ocean Investments Title | |
| Ryder Rona R | $869,000 | Ocean Investments Title Corp |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Luddy Thomas F | $766,500 | |
| Previous Owner | Ryder Rona R | $417,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/12/2023 07/12/23 | Sold | $1,250,000 | -5.7% | $698 / Sq Ft |
| 06/15/2023 06/15/23 | Pending | -- | -- | -- |
| 04/24/2023 04/24/23 | For Sale | $1,325,000 | -- | $740 / Sq Ft |
Source: Bright MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,007 | $1,025,733 | $0 | $0 |
| 2024 | $12,509 | $896,467 | $0 | $0 |
| 2023 | $10,814 | $767,200 | $537,000 | $230,200 |
| 2022 | $10,782 | $767,200 | $537,000 | $230,200 |
| 2021 | $10,841 | $767,200 | $537,000 | $230,200 |
| 2020 | $10,840 | $767,200 | $537,000 | $230,200 |
| 2019 | $10,914 | $767,200 | $537,000 | $230,200 |
| 2018 | $10,805 | $767,200 | $537,000 | $230,200 |
| 2017 | $11,701 | $828,300 | $0 | $0 |
| 2016 | -- | $794,200 | $0 | $0 |
| 2015 | $8,552 | $760,100 | $0 | $0 |
| 2014 | $8,552 | $726,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Grant Fritschle
-
Jonathan Barker
Seller Co-Listing Agent in 2023
Jonathan Barker
Keller Williams Realty Delmarva
(410) 935-3810
113 in this area
184 Total Sales
-
Phillip Knight
Buyer's Agent in 2023
Phillip Knight
Creig Northrop Team of Long & Foster
(302) 278-3221
59 in this area
152 Total Sales
About Gateway Grand
Map
Source: Bright MLS
MLS Number: MDWO2013480
APN: 10-765277
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2026 Bright MLS, Inc.
Nearby Homes
- 2 48th St Unit 214
- 2 48th St Unit 304
- 2 48th St Unit 1402
- 2 48th St Unit 402
- 4 46th St Unit 307
- 5001 Atlantic Ave Unit 302
- 5001 Atlantic Ave Unit 402
- 9 46th St Unit 22
- 11 51st St Unit 202
- 4711 Coastal Hwy Unit 248
- 4711 Coastal Hwy Unit 537
- 14 45th St Unit 403
- 12 45th St Unit 102
- 5101 Atlantic Ave
- 4407 Atlantic Ave Unit 2M
- 4601B Coastal Hwy Unit 501
- 4601B Coastal Hwy Unit 403
- 5104 Coastal Hwy Unit 101S
- 5104 Coastal Hwy Unit 207N
- 5104 Coastal Hwy Unit 303S
- 2 48th St Unit 1708
- 2 48th St Unit 1707
- 2 48th St Unit 1602
- 2 48th St Unit 1063
- 2 48th St Unit 1004
- 2 48th St Unit 314
- 2 48th St Unit 1003
- 2 48th St Unit 502
- 2 48th St Unit 203
- 2 48th St Unit 210
- 2 48th St Unit 1005
- 2 48th St Unit 1205
- 2 48th St Unit 1405
- 2 48th St Unit 1202
- 2 48th St Unit 204
- 2 48th St Unit 405
- 2 48th St Unit 305
- 2 48th St Unit 205
- 2 48th St Unit 1002
- 2 48th St Unit 1102