Gateway Grand 2 48th St Unit 706 Floor 7 Ocean City, MD 21842
Estimated payment $13,607/month
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
(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva Brokerage Phone: 4105246400 License #RA0020779
Co-Listing Agent
(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
Map
About Gateway Grand
Home Values in the Area
Average Home Value in this Area
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 |
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 | -- |
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: Bright MLS
MLS Number: MDWO2039504
APN: 10-764114
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Ask me questions while you tour the home.