Gateway Grand 2 48th St Unit 402 Floor 4 Ocean City, MD 21842
Estimated payment $7,570/month
Highlights
- Ocean View
- Water Access
- Building is oceanfront but unit may not have water views
- Ocean City Elementary School Rated A
- Fitness Center
- Open Floorplan
About This Home
Fantastic opportunity to own in the luxurious Gateway Grand complex in Ocean City, MD. This 3 bedroom 3 bath residence has been recently upgraded with fresh wall paint and a custom tile backsplash. The A-style floorplan offers guest privacy with each bedroom having an attached bathroom. The primary bedroom accesses the outdoor balcony and features ocean views. Step out onto the balcony each morning to watch the everchanging sunrise over the Atlantic Ocean. The Gateway Grand is an amenity rich building offering heating indoor and outdoor pools, a 24/7 fitness center, a kid's club room with video games and board games, conditioned beach storage, multiple owner's lounges, on-site management, on-site maintenance, and on-site security in the evenings. Residence 402 has access to two parking spaces in the controlled access parking garage, which now features 7 electric car chargers. The Gateway Grand will allow you to relax and enjoy your time at the beach without a care or worry. Deeded storage locker #185 conveys with this residence. This residence was in the rental program with Central Reservations and grossed nearly $47,000 in 2022 and $43,500 in 2023, $49,044.24 in 2024 and $45,767.40 in 2025.
Listing Agent
(410) 935-3810 jon@markf.com Keller Williams Realty Delmarva License #618143 Listed on: 10/20/2024
Co-Listing Agent
(410) 430-5880 grant@markf.com Keller Williams Realty Delmarva License #RA0020779
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,084
Year Built
- Built in 2008
Lot Details
- Building is oceanfront but unit may not have water views
- Two or More Common Walls
- West Facing Home
- Sprinkler System
- Property is in excellent condition
HOA Fees
- $949 Monthly HOA Fees
Parking
- 2 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
- 1,790 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Furnished
- Crown Molding
- Ceiling Fan
- Recessed Lighting
- Insulated Windows
- Window Treatments
- Window Screens
- Sliding Doors
- Insulated Doors
- Dining Area
Kitchen
- Electric Oven or Range
- Built-In Microwave
- Freezer
- Dishwasher
- Upgraded Countertops
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- En-Suite Bathroom
- Walk-In Closet
- 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
Location
- Flood Risk
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Municipal Trash
- Cable TV Available
Listing and Financial Details
- Tax Lot 402
- Assessor Parcel Number 2410763630
Community Details
Overview
- $2,847 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
- Front Desk in Lobby
- 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 | $11,453 | $838,733 | $0 | $0 |
| 2024 | $10,053 | $720,467 | $0 | $0 |
| 2023 | $8,489 | $602,200 | $421,500 | $180,700 |
| 2022 | $8,463 | $602,200 | $421,500 | $180,700 |
| 2021 | $8,510 | $602,200 | $421,500 | $180,700 |
| 2020 | $8,508 | $602,200 | $421,500 | $180,700 |
| 2019 | $8,567 | $602,200 | $421,500 | $180,700 |
| 2018 | $8,482 | $602,200 | $421,500 | $180,700 |
| 2017 | $8,507 | $602,200 | $0 | $0 |
| 2016 | -- | $602,200 | $0 | $0 |
| 2015 | $6,719 | $602,200 | $0 | $0 |
| 2014 | $6,719 | $602,200 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/20/2024 10/20/24 | For Sale | $1,099,000 | -- | $614 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $599,900 | -- |
Source: Bright MLS
MLS Number: MDWO2026410
APN: 10-763630
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.
- 2 48th St Unit 214
- 2 48th St Unit 304
- 2 48th St Unit 1402
- 5001 Atlantic Ave Unit 302
- 11 51st St Unit 202
- 4711 Coastal Hwy Unit 537
- 4711 Coastal Hwy Unit 335
- 14 45th St Unit 403
- 12 45th St Unit 102
- 4601B Coastal Hwy Unit 501
- 4601B Coastal Hwy Unit 403
- 4601B Coastal Hwy Unit 301
- 5104 Coastal Hwy Unit 101S
- 5104 Coastal Hwy Unit 207N
- 5104 Coastal Hwy Unit 303S
- 5 44th St Unit 202
- 5 44th St Unit 302
- 13 44th St Unit 402
- 5300 Coastal Hwy Unit 104
- 5300 Coastal Hwy Unit 101
- 9 46th St Unit 41
- 5 51st St Unit 7
- 16 51st St Unit 108
- 7 45th St Unit 107
- 5104 Coastal Hwy Unit 101S
- 5300 Coastal Hwy Unit 205
- 5500 Coastal Hwy Unit 319D
- 12 39th St
- 105 63rd St Unit 201
- 3010 Philadelphia Ave
- 2815 Tern Dr
- 327 Robin Dr Unit 2
- 2803 Gull Way Unit B01
- 2823 Gull Way
- 417 Robin Dr Unit 301
- 504 Robin Dr
- 2628 Gull Way Unit Gullway Villas 202A
- 225 26th St Unit 16
- 7200 Coastal Hwy Unit D
- 12 72nd St Unit 303