Gateway Grand 2 48th St Unit 201 Ocean City, MD 21842
Estimated payment $7,083/month
Total Views
4,756
4
Beds
3
Baths
2,385
Sq Ft
$461
Price per Sq Ft
Highlights
- Ocean View
- Water Access
- Fitness Center
- Ocean City Elementary School Rated A
- Public Beach
- Building is oceanfront but unit may not have water views
About This Home
This 2385 square foot 4 Bedroom 3 Bathroom Residence at the Gateway Grand is a must see! One of the most impressive parts of this condominium is the oversized living room, which is one of the largest in the building. The residence features two balconies, one of which is accessible from each bedroom and the very large living room. You will appreciate the southern exposure location which provides an abundance of natural light and warmth. Many upgrades were completed in 2021 and they are still shining 4 years later. The interior of the condominium was completely repainted to include the kitchen cabinets and island. New designer appliances were also installed along with a custom tile backsplash at this time. All TVs were upgraded along with the wall art and living room sectional sofa as well. The area rugs were updated and the dining room chairs were reupholstered. In the bedrooms all linens and comforters were replaced. The Gateway Grand is one of Ocean City's newest and most spectacular luxury condominium building featuring an abundance of amenities including a heated indoor and outdoor pool, state of the art fitness center, private owners lounges, on-site property management, on-site maintenance team, gated parking garage, kids club, and so much more. Ground floor deeded storage locker #39 conveys with residence. The property is currently owner occupied, but is easy to show with notice.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,581
Year Built
- Built in 2008 | Remodeled in 2021
Lot Details
- Building is oceanfront but unit may not have water views
- Public Beach
- 1 Common Wall
- West Facing Home
- Sprinkler System
- Property is in excellent condition
HOA Fees
- $108 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
- Flat Roof Shape
- Pillar, Post or Pier Foundation
- Metal Siding
Interior Spaces
- 2,385 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Furnished
- Crown Molding
- Ceiling Fan
- 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
- Water Access
- Property is near an ocean
- 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 201
- Assessor Parcel Number 2410763290
Community Details
Overview
- $3,876 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
- Limit on the number of pets
- Dogs and Cats Allowed
Security
- Fire Sprinkler System
Map
About Gateway Grand
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $10,549 | $755,967 | $0 | $0 |
| 2023 | $10,086 | $717,700 | $502,300 | $215,400 |
| 2022 | $10,086 | $717,700 | $502,300 | $215,400 |
| 2021 | $10,142 | $717,700 | $502,300 | $215,400 |
| 2020 | $10,140 | $717,700 | $502,300 | $215,400 |
| 2019 | $10,210 | $717,700 | $502,300 | $215,400 |
| 2018 | $10,108 | $717,700 | $502,300 | $215,400 |
| 2017 | $10,168 | $731,200 | $0 | $0 |
| 2016 | $7,856 | $716,200 | $0 | $0 |
| 2015 | $7,856 | $701,200 | $0 | $0 |
| 2014 | $7,856 | $686,200 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/26/2025 04/26/25 | Price Changed | $1,099,000 | -4.4% | $461 / Sq Ft |
| 04/05/2025 04/05/25 | Price Changed | $1,149,000 | -4.2% | $482 / Sq Ft |
| 03/24/2025 03/24/25 | Price Changed | $1,199,000 | -4.1% | $503 / Sq Ft |
| 03/05/2025 03/05/25 | For Sale | $1,250,000 | +45.3% | $524 / Sq Ft |
| 06/04/2021 06/04/21 | Sold | $860,000 | -4.4% | $367 / Sq Ft |
| 05/16/2021 05/16/21 | Pending | -- | -- | -- |
| 11/26/2020 11/26/20 | For Sale | $899,900 | -- | $384 / Sq Ft |
Source: Bright MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $860,000 | Ocean Investments Title Corp | |
| Deed | $999,900 | -- | |
| Deed | $999,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $363,800 | Stand Alone Second | |
| Previous Owner | $183,000 | Purchase Money Mortgage | |
| Previous Owner | $417,000 | Purchase Money Mortgage | |
| Previous Owner | $417,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Ocean City, MD
Source: Bright MLS
MLS Number: MDWO2029134
APN: 10-763290
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