Seller's Agent in 2023
Kristen Gebhart
Creig Northrop Team of Long & Foster
(410) 726-8995
41 in this area
135 Total Sales
Gateway Grand 2 48th St Unit 1707 Ocean City, MD 21842
Estimated Value: $1,231,000 - $1,427,000
3
Beds
3
Baths
1,650
Sq Ft
$672/mo
HOA Fee
Highlights
- 6 Feet of Waterfront
- Ocean View
- Access to Tidal Water
- Ocean City Elementary School Rated A
- Primary bedroom faces the ocean
- Sandy Beach
About This Home
As of February 2023***PRICE REDUCTION! ***
Magnificent Oceanfront Penthouse!
Rare Opportunity in Ocean City’s Most Prestigious Residential Condo on the Beach!
Quality craftsmanship and fine details flow throughout this magnificent oceanfront penthouse condo. Behold the dramatic 15’ vaulted living room ceiling and adjacent owner’s suite both with sweeping ocean views. Professionally decorated furnishings and tasteful decor create a luxurious atmosphere for the most discerning buyer. Features include tile flooring, upgraded bedroom carpeting, chair railing and creative millwork throughout, enhanced by contemporary lighting. Stunning panoramic water views are visible across the spacious primary suite with access to the oceanfront balcony.
The beautifully appointed kitchen features upgraded maple cabinetry, granite counter tops, high-end Viking appliances, Sub-zero built-in refrigerator, tile backsplash, and large center island with built-in wine & beverage cooler. The sizable dining area is accented by a distinctive tray ceiling.
Lavish primary suite bathroom provides a relaxing marble retreat with dual sinks, oversized whirlpool tub and spacious glass enclosed shower. Two walk-in closets feature custom built-in cabinetry. Two additional bedrooms, each with full baths, ensure space and privacy for guests. Quality window treatments throughout round out this amazing residence.
Enjoy all the extraordinary amenities the Gateway Grand has to offer from the year-round heated indoor and outdoor pools, state-of-the-art fitness center as well as a private oceanfront sun terrace, private club lounges and a kids club room. Special building features include on-site property management, 24/7 security, welcoming concierge at the luxurious lobby a vending/snack center. The secure, gated indoor garage includes two electric vehicle chargers. This unit includes two convenient parking spaces with direct access to elevators and fully enclosed hallway corridors ensuring comfortable weather-free access to all building units. And if that’s not all, enjoy the convenience of a fully staffed on-site maintenance team that will keep your unit in working order plus the maintenance department can be hired for your personal projects, repairs, and upgrades.
Don't miss this extremely rare opportunity on the prestigious Penthouse floor in Ocean City’s most luxurious waterfront condo building!
Last Agent to Sell the Property
Northrop Realty License #RS-0037236 Listed on: 10/21/2021
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $15,466
Year Built
- Built in 2008
Lot Details
- 6 Feet of Waterfront
- Ocean Front
- Home fronts navigable water
- Sandy Beach
- Public Beach
- East Facing Home
- Property is in excellent condition
HOA Fees
- $672 Monthly HOA Fees
Parking
- Assigned Parking Garage Space
Home Design
- Coastal Architecture
- Built-Up Roof
Interior Spaces
- 1,650 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Furnished
- Built-In Features
- Bar
- Chair Railings
- Crown Molding
- Ceiling height of 9 feet or more
- Ceiling Fan
- Recessed Lighting
- Vinyl Clad Windows
- Insulated Windows
- Window Treatments
- Atrium Windows
- Transom Windows
- Sliding Doors
- Insulated Doors
- Entrance Foyer
- Great Room
- Family Room Off Kitchen
- Combination Kitchen and Dining Room
- Den
Kitchen
- Gourmet Kitchen
- Breakfast Area or Nook
- Electric Oven or Range
- Self-Cleaning Oven
- Commercial Range
- Built-In Range
- Built-In Microwave
- Freezer
- Ice Maker
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Upgraded Countertops
- Wine Rack
- Disposal
Flooring
- Carpet
- Marble
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Primary bedroom faces the ocean
- En-Suite Primary Bedroom
- En-Suite Bathroom
- Walk-In Closet
- 3 Full Bathrooms
- Soaking Tub
- Walk-in Shower
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Home Security
- Security Gate
- Exterior Cameras
- Surveillance System
Accessible Home Design
- Accessible Elevator Installed
- Halls are 36 inches wide or more
Outdoor Features
- Access to Tidal Water
- Canoe or Kayak Water Access
- Property is near an ocean
- Swimming Allowed
- Powered Boats Permitted
- Balcony
- Exterior Lighting
- Outdoor Storage
Location
- Flood Risk
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- Central Air
- Back Up Electric Heat Pump System
- Vented Exhaust Fan
- Tankless Water Heater
Listing and Financial Details
- Tax Lot 1707
- Assessor Parcel Number 10-765390
Community Details
Overview
- $200 Elevator Use Fee
- $2,223 Capital Contribution Fee
- Association fees include common area maintenance, exterior building maintenance, insurance, lawn care front, lawn care rear, lawn care side, lawn maintenance, management, pool(s), reserve funds, road maintenance, security gate, trash
- High-Rise Condominium
- Legum And Norman Condos, Phone Number (410) 723-9545
- Gateway Grand Community
Amenities
- Game Room
Recreation
- Private Beach Club
- Community Pool or Spa Combo
- Heated Community Pool
Pet Policy
- Dogs and Cats Allowed
Security
- Security Service
- Front Desk in Lobby
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 21, 2021
Closed on
Feb 6, 2023
Sold by
Trombino Carmelo James
Bought by
Ggg Land Development
Seller's Agent
Kristen Gebhart
Northrop Realty
Buyer's Agent
Jonathan Barker
Keller Williams Realty Delmarva
List Price
$1,499,900
Sold Price
$1,250,000
Premium/Discount to List
-$249,900
-16.66%
Views
126
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
$97,537
Avg. Annual Appreciation
2.98%
Purchase Details
Listed on
May 11, 2018
Closed on
Aug 19, 2019
Sold by
Wells Judy L
Bought by
Trombino Carmelo James
Seller's Agent
Monica McNamara
Coldwell Banker Realty
Buyer's Agent
Kristen Gebhart
Northrop Realty
List Price
$1,099,000
Sold Price
$850,000
Premium/Discount to List
-$249,000
-22.66%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.76%
Purchase Details
Listed on
Apr 28, 2017
Closed on
May 17, 2017
Sold by
Carlyle High Street Ocean City L P
Bought by
Wells Arnold C and Wells Judy L
Seller's Agent
Grant Fritschle
Keller Williams Realty Delmarva
Buyer's Agent
Monica McNamara
Coldwell Banker Realty
List Price
$1,199,900
Sold Price
$1,120,000
Premium/Discount to List
-$79,900
-6.66%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.49%
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 |
|---|---|---|---|
| Ggg Land Development | $1,250,000 | -- | |
| Trombino Carmelo James | $850,000 | Ocean Investments Title Corp | |
| Wells Arnold C | $1,120,000 | Resort Land Title & Escrow L |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/06/2023 02/06/23 | Sold | $1,250,000 | -16.7% | $758 / Sq Ft |
| 01/25/2023 01/25/23 | For Sale | $1,499,900 | +20.0% | $909 / Sq Ft |
| 01/23/2023 01/23/23 | Pending | -- | -- | -- |
| 12/06/2022 12/06/22 | Off Market | $1,250,000 | -- | -- |
| 10/16/2022 10/16/22 | Price Changed | $1,499,900 | -6.3% | $909 / Sq Ft |
| 10/28/2021 10/28/21 | For Sale | $1,600,000 | +28.0% | $970 / Sq Ft |
| 10/21/2021 10/21/21 | Off Market | $1,250,000 | -- | -- |
| 08/19/2019 08/19/19 | Sold | $850,000 | -8.1% | $515 / Sq Ft |
| 08/02/2019 08/02/19 | Pending | -- | -- | -- |
| 03/26/2019 03/26/19 | Price Changed | $925,000 | -6.5% | $561 / Sq Ft |
| 01/15/2019 01/15/19 | Price Changed | $989,000 | -4.9% | $599 / Sq Ft |
| 08/10/2018 08/10/18 | Price Changed | $1,039,500 | -5.4% | $630 / Sq Ft |
| 05/10/2018 05/10/18 | For Sale | $1,099,000 | -1.9% | $666 / Sq Ft |
| 05/17/2017 05/17/17 | Sold | $1,120,000 | -6.7% | $626 / Sq Ft |
| 04/28/2017 04/28/17 | For Sale | $1,199,900 | -- | $670 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $15,809 | $1,168,733 | $0 | $0 |
| 2024 | $15,809 | $1,132,967 | $0 | $0 |
| 2023 | $15,420 | $1,097,200 | $768,000 | $329,200 |
| 2022 | $15,420 | $1,097,200 | $768,000 | $329,200 |
| 2021 | $15,505 | $1,097,200 | $768,000 | $329,200 |
| 2020 | $15,502 | $1,097,200 | $768,000 | $329,200 |
| 2019 | $14,199 | $998,100 | $0 | $0 |
| 2018 | $12,662 | $899,000 | $0 | $0 |
| 2017 | $11,052 | $799,900 | $0 | $0 |
| 2016 | -- | $778,467 | $0 | $0 |
| 2015 | $8,666 | $757,033 | $0 | $0 |
| 2014 | $8,666 | $735,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kristen Gebhart
-
Jonathan Barker
Buyer's Agent in 2023
Jonathan Barker
Keller Williams Realty Delmarva
(410) 935-3810
127 in this area
203 Total Sales
-
Grant Fritschle
Buyer Co-Listing Agent in 2023
Grant Fritschle
Keller Williams Realty Delmarva
(410) 430-5880
232 in this area
342 Total Sales
-
Monica McNamara
Seller's Agent in 2019
Monica McNamara
Coldwell Banker Realty
(410) 524-6111
65 in this area
84 Total Sales
-
M
Seller Co-Listing Agent in 2017
Mark Fritschle
RE/MAX Premier Properties
About Gateway Grand
Map
Source: Bright MLS
MLS Number: MDWO2002904
APN: 10-765390
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