Seller's Agent in 2025
Jonathan Barker
Keller Williams Realty Delmarva
(410) 935-3810
110 in this area
176 Total Sales
Gateway Grand 2 48th St Unit 1706 Ocean City, MD 21842
Estimated Value: $1,863,930 - $2,104,000
4
Beds
3
Baths
2,218
Sq Ft
$1,256/ mo
HOA Fee
Highlights
- 30 Feet of Waterfront
- Ocean View
- Sandy Beach
- Ocean City Elementary School Rated A
- Access to Tidal Water
- Fitness Center
About This Home
As of February 2025Experience life at the top of the luxurious Gateway Grand Residences in Ocean City, MD in Penthouse 1706. This 4 bedroom 3 bathroom residence features incredible views of the Ocean, City Skyline, and Bay spanning for miles. The huge picture windows showcase art in motion with the everchanging stunning scenery that makes up this barrier island. From the gorgeous sunrises over the ocean to the magnificent sunsets you will find yourself constantly in awe of the natural scenery. This residence is more than simply a luxury condominium at the beach, but rather a true experience for you and your guests. Every room in the property shares similar views of water, sky, and wildlife. A wrap around balcony can be accessed from the living room, dining room and guest bedroom, while a private balcony extends from the primary bedroom. Each allowing the occupants the opportunity to step into the scenery. Suspended 17 stories into the sky providing a prospective of Ocean City you did not know existed. The living room and primary bedroom both have vaulted 2 story ceilings with additional windows only found on the Penthouse level of the Gateway Grand. These windows bring the sky and clouds indoors adding to the ambiance. The great room includes a chef's dream kitchen with upgraded commercial grade appliances, white cabinets, and granite countertops. The kitchen has two seating areas for guests to choose from either at the elevated bar or the counter level island. The island includes a beverage center convenient for when entertaining guests. The dining room allows for a large dining table to accommodate your entire family. Moving into the living room you will notice an abundance of seating and a fireplace with flush mounted TV above. Custom Millwork accents the hallways leading to all 3 guest bedrooms and the primary suite. This residence features 2 zones of water source heat pumps that allow from comfort year-round. One zone services the bedrooms and bathrooms with a thermostat located in the primary suite, while the additional zone services the great room through a thermostat located in the living room. These efficient HVAC's can be maintained by the in-house maintenance team through subscription and run off hot and cold water produced on the ground level of the building and funded by the condominium fee. This residence was furnished and designed by a fabulous local interior designer and delivers to the new owner turn-key available for immediate occupancy. The floors throughout the hallway and great room are a 12x24 porcelain tile while the bedrooms are carpeted. The primary bathroom includes marble tile on the floors and walls including a whirlpool bathtub, custom tile shower, and dual sink vanity with granite tops. This residence also includes a large, deeded storage locker #108 on Mezzanine Level. Building amenities include heated indoor and outdoor pools, 24/7 fitness center, kid's club room, multiple owner's lounges, a grand lobby with staffed desk, security in the evenings, secure FOB access, and parking garage with 3 spaces and electric car chargers available. A truly once in a lifetime opportunity to own the Southeast corner Penthouse located in one of the Ocean City's most luxurious buildings awaits. Reach out for your private tour of this impressive residence today!
Last Agent to Sell the Property
(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva License #618143 Listed on: 07/06/2024
Co-Listed By
(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva License #RA0020779
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $18,076
Year Built
- Built in 2008
Lot Details
- 30 Feet of Waterfront
- Ocean Front
- Home fronts navigable water
- Sandy Beach
- Public Beach
- Two or More Common Walls
- West Facing Home
- Sprinkler System
- Property is in excellent condition
HOA Fees
- $1,256 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Handicap Parking
- Electric Vehicle Home Charger
- Lighted Parking
- Parking Lot
- Surface Parking
- Unassigned Parking
- Secure Parking
Property Views
Home Design
- Entry on the 2nd floor
- Flat Roof Shape
- Pillar, Post or Pier Foundation
- Metal Siding
Interior Spaces
- 2,218 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Furnished
- Crown Molding
- Ceiling Fan
- Electric Fireplace
- Insulated Windows
- Window Treatments
- Window Screens
- Sliding Doors
- Insulated Doors
- Dining Area
Kitchen
- Electric Oven or Range
- Built-In Microwave
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- En-Suite Bathroom
- 3 Full Bathrooms
- Whirlpool Bathtub
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Home Security
Outdoor Features
- Outdoor Shower
- Access to Tidal Water
- Water Access
- Property is near an ocean
- Swimming Allowed
- Balcony
- Exterior Lighting
- Wrap Around Porch
Location
- Flood Risk
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
- Municipal Trash
- Public Septic
- Private Sewer
- Cable TV Available
Listing and Financial Details
- Tax Lot 1706
- Assessor Parcel Number 2410765382
Community Details
Overview
- $3,768 Capital Contribution Fee
- Association fees include common area maintenance, exterior building maintenance, 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
Pet Policy
- Limit on the number of pets
- Dogs and Cats Allowed
Security
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 6, 2024
Closed on
Feb 28, 2025
Sold by
Wells Judy L
Bought by
Daigle Colin A and Daigle Katharine E
Seller's Agent
Jonathan Barker
Keller Williams Realty Delmarva
Buyer's Agent
SEAN PERKINS
Knot6 Real Estate Services
List Price
$2,800,000
Sold Price
$2,000,000
Premium/Discount to List
-$800,000
-28.57%
Views
246
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,017
Avg. Annual Appreciation
-1.33%
Original Mortgage
$500,500
Outstanding Balance
$498,022
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$1,473,961
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Daigle Colin A | $2,000,000 | Ocean Investments Title | |
| Daigle Colin A | $2,000,000 | Ocean Investments Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Daigle Colin A | $500,500 | |
| Closed | Daigle Colin A | $500,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/28/2025 02/28/25 | Sold | $2,000,000 | -16.6% | $902 / Sq Ft | |
| 10/17/2024 10/17/24 | Price Changed | $2,399,000 | -7.7% | $1,082 / Sq Ft | |
| 09/13/2024 09/13/24 | Price Changed | $2,599,000 | -2.8% | $1,172 / Sq Ft | |
| 08/02/2024 08/02/24 | Price Changed | $2,675,000 | -4.5% | $1,206 / Sq Ft | |
| 07/06/2024 07/06/24 | For Sale | $2,800,000 | +96.5% | $1,262 / Sq Ft | |
| 04/12/2018 04/12/18 | Sold | $1,425,000 | -5.0% | $691 / Sq Ft | View Prior Sale |
| 03/15/2018 03/15/18 | Pending | -- | -- | -- | |
| 10/25/2017 10/25/17 | For Sale | $1,499,900 | -- | $728 / 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 | $17,824 | $1,305,267 | $0 | $0 |
| 2024 | $18,022 | $1,291,533 | $0 | $0 |
| 2023 | $18,012 | $1,277,800 | $894,400 | $383,400 |
| 2022 | $17,958 | $1,277,800 | $894,400 | $383,400 |
| 2021 | $18,057 | $1,277,800 | $894,400 | $383,400 |
| 2020 | $18,054 | $1,277,800 | $894,400 | $383,400 |
| 2019 | $17,611 | $1,237,933 | $0 | $0 |
| 2018 | $16,874 | $1,198,067 | $0 | $0 |
| 2017 | $16,072 | $1,158,200 | $0 | $0 |
| 2016 | -- | $1,132,100 | $0 | $0 |
| 2015 | $12,958 | $1,106,000 | $0 | $0 |
| 2014 | $12,958 | $1,079,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Barker
-
Grant Fritschle
Seller Co-Listing Agent in 2025
Grant Fritschle
Keller Williams Realty Delmarva
(410) 430-5880
210 in this area
316 Total Sales
-
SEAN PERKINS
Buyer's Agent in 2025
SEAN PERKINS
Knot 6
(301) 526-9331
1 in this area
39 Total Sales
-
Monica McNamara
Buyer's Agent in 2018
Monica McNamara
Coldwell Banker Realty
(410) 524-6111
55 in this area
68 Total Sales
About Gateway Grand
Map
Source: Bright MLS
MLS Number: MDWO2021934
APN: 10-765382
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