Gateway Grand 2 48th St Unit 401 Floor 4 Ocean City, MD 21842
Estimated payment $8,296/month
Highlights
- Ocean View
- Public 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. From the fourth floor you have views of the Atlantic Ocean from the Southern balcony that extends beyond the other residence balconies in front of it. 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 #169 conveys with residence. 2026 rentals must be honored. See attached rental schedule for reference in documents section. Grossed $58,149 in rental income in 2025 and already has $50,610 booked for 2026. The pictures of this residence were taken when it was last sold. New updated images and a virtual tour will be uploaded ASAP.
Listing Agent
(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva Brokerage Phone: 4105246400 License #618143 Listed on: 02/22/2026
Co-Listing Agent
(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva Brokerage Phone: 4105246400 License #RA0020779
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,878
Year Built
- Built in 2008
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
- $1,336 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 4th floor
- 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
- Public 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
- Cable TV Available
Listing and Financial Details
- Tax Lot 401
- Assessor Parcel Number 2410763622
Community Details
Overview
- $4,008 Capital Contribution Fee
- Association fees include common area maintenance, exterior building maintenance, health club, insurance, management, pool(s), reserve funds, water
- $840 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
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 |
|---|---|---|---|---|
| 2025 | $10,845 | $794,233 | $0 | $0 |
| 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 | $7,857 | $716,200 | $0 | $0 |
| 2015 | $7,857 | $701,200 | $0 | $0 |
| 2014 | $7,857 | $686,200 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/22/2026 02/22/26 | For Sale | $1,175,000 | +40.7% | $493 / Sq Ft | |
| 04/29/2021 04/29/21 | Sold | $835,000 | -1.8% | $350 / Sq Ft | View Prior Sale |
| 03/03/2021 03/03/21 | Pending | -- | -- | -- | |
| 11/23/2020 11/23/20 | For Sale | $849,900 | -- | $356 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $835,000 | Maryland Title Service | |
| Deed | $702,900 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $500,000 | New Conventional | |
| Previous Owner | $310,000 | New Conventional |
Source: Bright MLS
MLS Number: MDWO2036498
APN: 10-763622
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Ask me questions while you tour the home.