$2,000,000
COMING SOON JUL 06, 2026

Gateway Grand 2 48th St Unit 706 Floor 7 Ocean City, MD 21842

Estimated payment $13,607/month

Total Views 48
4 Beds
3 Baths
2,061 Sq Ft
2008 Built

Highlights

  • Primary bedroom faces the ocean
  • Fitness Center
  • Main Floor Bedroom
  • Ocean City Elementary School Rated A
  • Open Floorplan
  • Whirlpool Bathtub

About This Home

After selling more than 350 residences in The Gateway Grand over the past two decades, one thing has become remarkably clear. When buyers ask us which location we'd choose if every residence in the building were available... This is the location....This is the floorplan.....And this is the height. ---- Gateway Grand #706 is an exceptionally rare 4-bedroom, 3-bath direct oceanfront corner residence that combines everything buyers consistently tell us they're looking for, yet rarely find together. Both direct-oceanfront and Southern end-unit exposure. A premium mid-floor location. Panoramic ocean, bay, skyline, and Assateague Island views. An expansive wraparound oceanfront balcony, plus a second private balcony from the primary suite. Four true bedrooms. End-unit windows and sliding glass that flood the residence with natural light. In a building of nearly 200 luxury residences, this one stands out from the rest, for all those reasons. And here's why: Most oceanfront condos make you compromise.
They're Too high. Too low. Not enough windows. Smaller balconies. Limited bay views. Fewer bedrooms. This one gives you a chance to not have to compromise anything. Step inside and you'll immediately appreciate how exceptionally well cared for this home has been. Lovingly enjoyed as a private second home and never rented, it's being offered beautifully designer furnished, completely move-in ready, and prepared for its next owners to begin making memories from day one. Then there's The Gateway Grand Building, Amenities & Association! Simply put, it represents the benchmark by which many luxury condominiums in Ocean City continue to be measured. Owners enjoy indoor and outdoor heated pools, a state-of-the-art fitness center, owner's lounge, children's activity room, gated parking, secure lobby, private beach lockers, multiple beach access points, and outstanding professional management. The building's reputation for financial stability, exceptional leadership, and long-term ownership confidence continues to make it one of the most respected addresses on the East Coast. One feature many buyers don't fully appreciate until they own here is Gateway Grand's innovative two-pipe water-source HVAC system. It's remarkably efficient, eliminates the need for individual water heaters inside each residence, and provides an endless supply of hot and cold water through the building's central systems, reducing maintenance while improving everyday ownership. And the location continues the story. Situated in one of Ocean City's most desirable stretches of coastline, you're just minutes from outstanding restaurants, coffee shops, shopping, Northside Park, the Delaware beaches, Route 54, and everything that makes this part of Ocean City so desirable, while still enjoying a quieter atmosphere than many of the resort's busier sections. The deeded storage locker (#77) and three parking passes only add to the convenience. Some buyers search for an oceanfront condo. The fortunate few find the one they've been hoping would come on the market. Gateway Grand #706 is exactly that. The ONLY question, is will you react quickly enough?

Listing Agent

Grant Fritschle

(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva Brokerage Phone: 4105246400 License #RA0020779

Keller Williams Realty Delmarva

Co-Listing Agent

Jonathan Barker

(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva Brokerage Phone: 4105246400 License #618143

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,817

Year Built

  • Built in 2008

Lot Details

  • Two or More Common Walls
  • Sprinkler System

HOA Fees

  • $1,299 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Handicap Parking
  • Electric Vehicle Home Charger
  • Lighted Parking
  • Parking Lot
  • Unassigned Parking
  • Secure Parking

Home Design

  • Entry on the 7th floor
  • Flat Roof Shape
  • Metal Siding

Interior Spaces

  • 2,061 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
  • Freezer
  • Dishwasher

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Primary bedroom faces the ocean
  • En-Suite Bathroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Whirlpool Bathtub
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Exterior Lighting

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Coming Soon on 7/6/26
  • Tax Lot 706
  • Assessor Parcel Number 2410764114

Community Details

Overview

  • $3,900 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, health club, insurance, management, pool(s), reserve funds, water
  • $1,700 Other One-Time Fees
  • High-Rise Community
  • Built by Bovis Lendlease
  • Gateway Grand Community

Amenities

  • Common Area
  • Game Room
  • Meeting Room
  • Party Room
  • Elevator

Recreation

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,817

Year Built

Built in 2008

Lot Details

0 Sq Ft Lot

HOA Fees

$1,299 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Exclusions: See Inventory Addendum
  • Inclusions: See Inventory Addendum
  • New Construction: No
  • Story List: Main
  • Expected On Market: 7/6/2026 12:00:00 AM
  • Federal Flood Zone: No
  • Year Built: 2008
  • Washer Dryer Hookups YN: Yes
  • Special Features: ComingSoon
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Oven/Range - Electric, Washer, Freezer, Refrigerator
  • Entry Floor: 7
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Crown Moldings, Entry Level Bedroom, Sprinkler System, Walk-In Closet(s), Whirlpool/Hottub, Window Treatments, Bathroom - Soaking Tub, Bathroom - Tub Shower, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Combination Dining/Living, Dining Area, Floor Plan - Open, Primary Bath(s), Primary Bedroom - Ocean Front
  • Window Features: Insulated, Screens
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Door Features: Insulated, Sliding Glass
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 2061
  • Living Area Sq Ft: 2061
  • Price Per Sq Ft: 970.40
  • Above Grade Finished Sq Ft: 2061
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete, Metal Siding
  • Exterior Features: Exterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Electric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Parking, Secure Parking, Unassigned
  • Garage Features: Covered Parking
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1299.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Health Club, Insurance, Management, Pool(s), Reserve Funds, Water
  • HOA: No
  • Senior Community: No
  • Community Pool Features: In Ground, Indoor, Heated

Fee Information

  • Other Fees: 1700.00
  • Other Fees Frequency: One Time
  • Capital Contribution Fee: 3900.00

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Zoning: RESIDENTIAL CONDOMINIUM
  • Zoning Description: RESIDENTIAL CONDOMINIUM
  • In City Limits: Yes

Building Info

  • Builder Name: Bovis Lendlease

Rental Info

  • Furnished: Yes
  • Pets: Cats Ok, Dogs Ok, Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 18817.00
  • Assessor Parcel Number: 2410764114
  • Tax Lot: 706
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $18,761 $1,373,933 $0 $0
2024 $18,932 $1,356,767 $0 $0
2023 $18,826 $1,339,600 $937,700 $401,900
2022 $18,826 $1,339,600 $937,700 $401,900
2021 $18,930 $1,339,600 $937,700 $401,900
2020 $18,133 $1,339,600 $937,700 $401,900
2019 $18,187 $1,278,467 $0 $0
2018 $17,145 $1,217,333 $0 $0
2017 $16,054 $1,156,200 $0 $0
2016 -- $1,130,767 $0 $0
2015 $12,960 $1,105,333 $0 $0
2014 $12,960 $1,079,900 $0 $0
Source: Public Records

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 Type Sale Price Title Company
Deed $1,250,000 --
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 Loan Amount Loan Type
Open $750,000 New Conventional
Source: Public Records

Source: Bright MLS

MLS Number: MDWO2039504

Bright MLS

APN: 10-764114

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