Crystal Iannuzzi
Cummings & Co. Realtors
(667) 206-6649
67 Total Sales
2 in Ocean City
$476K - $959K Price Range
Gateway Grand 2 48th St Unit 401 Floor 4 Ocean City, MD 21842
Ocean City AreaEstimated Value: $1,130,957
4
Beds
3
Baths
2,385
Sq Ft
2008
Built
Highlights
- Ocean View
- Public Beach
- Building is oceanfront but unit may not have water views
- Public Water Access
- Fitness Center
- Open Floorplan
About This Home
As of March 2026This 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.
Last Agent to Sell the Property
(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva Brokerage Phone: 4105246400 License #618143 Listed on: 02/22/2026
Co-Listed By
(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva Brokerage Phone: 4105246400 License #RA0020779
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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
- Property is used as a vacation rental
- 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
- $1,580 Other One-Time Fees
- High-Rise Community
- 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 22, 2026
Closed on
Mar 26, 2026
Sold by
Bought by
Seller's Agent
Jonathan Barker
Keller Williams Realty Delmarva
Buyer's Agent
Melanie Shoff
Coastal Life Realty Group LLC
List Price
$1,175,000
Sold Price
$1,125,000
Premium/Discount to List
-$50,000
-4.26%
Views
10
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
$5,957
Avg. Annual Appreciation
1.48%
Purchase Details
Listed on
Nov 23, 2020
Closed on
Apr 29, 2021
Sold by
Bought by
Seller's Agent
Jonathan Barker
Keller Williams Realty Delmarva
Buyer's Agent
Wayne Phillips
Coastal Life Realty Group LLC
List Price
$849,900
Sold Price
$835,000
Premium/Discount to List
-$14,900
-1.75%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.26%
Original Mortgage
$500,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 12, 2010
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
3.5%
Mortgage Type
New Conventional
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Ocean City, MD
-
Crystal Iannuzzi
-
Linda Moran
Linda Moran
Berkshire Hathaway HomeServices PenFed Realty-WOC
(443) 736-1335
50 Total Sales
17 in Ocean City
$38K - $725K Price Range
-
Brandon Hostetter
Brandon Hostetter
Responds QuicklyColdwell Banker Realty
(223) 216-2014
131 Total Sales
1 in Ocean City
$285,000 Price
-
Joanna Laslo
Joanna Laslo
Responds QuicklyBeach Real Estate Inc
(443) 727-1152
27 Total Sales
17 in Ocean City
$180K - $730K Price Range
-
KATIE LANDON
KATIE LANDON
Coldwell Banker Realty
(302) 663-7466
61 Total Sales
16 in Ocean City
$100K - $695K Price Range
-
Paul Sicari
Paul Sicari
Responds QuicklyCompass
(240) 558-6504
164 Total Sales
9 in Ocean City
$270K - $1.3M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,125,000 | None Listed On Document | ||
| $835,000 | Maryland Title Service | ||
| $702,900 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $500,000 | ||
| Previous Owner | $310,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/26/2026 03/26/26 | Sold | $1,125,000 | -4.3% | $472 / Sq Ft | |
| 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 |
Source: Bright MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Barker
Seller's Agent in 2026
Jonathan Barker
Keller Williams Realty Delmarva
(410) 935-3810
174 Total Sales
-
Grant Fritschle
Seller Co-Listing Agent in 2026
Grant Fritschle
Keller Williams Realty Delmarva
(410) 430-5880
306 Total Sales
-
Melanie Shoff
Buyer's Agent in 2026
Melanie Shoff
Coastal Life Realty Group LLC
(443) 373-8399
187 Total Sales
-
Wayne Phillips
Buyer's Agent in 2021
Wayne Phillips
Coastal Life Realty Group LLC
(410) 726-9200
71 Total Sales
About Gateway Grand
Map
Source: Bright MLS
MLS Number: MDWO2036498
APN: 10-763622
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Property information displayed is deemed reliable but is not guaranteed.
Copyright 2026 Bright MLS, Inc.
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