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$1,299,000

  • Sold
  • Closed
  • Condo
  • 3 Beds
  • 3 Full Baths
  • 1,790 Sq. Ft.
  • 2 Car Garage
  • Updated 1 day ago
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Club Level Residence 1602 is now available! A 3 bedroom 3 Bathroom 1790 square foot residence featuring some of the most astounding views of Ocean City, Maryland and beyond. This heavily upgraded space boasts custom millwork throughout, Luxury Vinyl Plank flooring in the kitchen, dining, and living areas, upgraded carpet in the bedrooms, and upgraded light fixtures. In addition, the furniture features coastal chic fabrics and woods. This light filled southern exposure condo will dazzle the occupants from sunrise to sunset with views of the Ocean, Ocean City Skyline, and Bay. Featuring an extremely efficient water source heat pump and on demand hot water you will be amazed at your low utility cost. This property is not currently a rental, but could produce over $60,000 in gross rental income as a weekly rental investment property. The Gateway Grand is one of Ocean City's newest and most prestigious condominium buildings. With on-site property management and the ability to hire on-site property maintenance staff for projects to be completed within your residence, owning and maintaining property at the beach could not be any more convenient. Enjoy the heated seasonal outdoor pool, year-round heated indoor pool, fully equipped fitness center featuring a view of the ocean, kid's club room, and multiple owner lounges. This residence is allotted 2 spaces in the parking garage which features two elevators, electric car chargers, and a covered bridge to the building. Come see what luxury looks like on Maryland's Eastern Shore! Residence conveys with deeded storage locker #173.

Full Property Details for 2 48th St #1602

General

  • Sold For: $1,299,000
  • HOA FEE: $982/month
  • Taxes: $14,463 (2025)
  • Status: Closed
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDWO2037478
  • Added to Site: 99 day(s) ago

Interior

  • Number of Rooms: 10
  • Interior Features: Crown Moldings, Entry Level Bedroom, Sprinkler System, Upgraded Countertops, Walk-in Closet(s), WhirlPool/HotTub, Window Treatments, Wine Storage
  • Appliances: Dishwasher, Disposal, Dryer, Icemaker, Microwave, Oven/Range - Electric, Refrigerator, Washer
  • Furnished: Yes
  • Flooring: Carpet

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Floor Baths: 3
  • Main - Full Baths: 3

Bedrooms

  • Total Bedrooms: 3
  • Bedrooms Main & Up: 3

Other Rooms

  • Laundry: Dryer In Unit, Washer In Unit, Main Floor

Additional Information

  • Shared Amenities: Common Grounds, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Swimming Pool
  • Shared Pool: Yes
  • Pool: Yes
  • Security/Safety: Sprinkler System - Indoor

Exterior

  • Exterior Features: Exterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler
  • Porch/Patio/Deck: Balcony

Parking

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

Location

  • Area: Direct Oceanfront (80)
  • Municipality: Ocean City
  • County: WORCESTER
  • Building Name: Gateway Grand
  • Driving Directions: Coastal Hwy South, Left on 48th Street, Building oceanfront on Left.
  • Direction Faces: West
  • Location Details: Oceanblock
  • City Limits: Yes

School Information

  • School District: Worcester County Public Schools

Community

  • Assoc. Fees Include: Common Area Maintenance, Ext Bldg Maint, Health Club, Insurance, Management, Pool(s), Reserve Funds, Water
  • Pets Allowed: Yes
  • Pets: Cats OK, Dogs OK, Number Limit

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV Available, Electric Available

Structural Information

  • Architectural Style: Unit/Flat
  • Structure Type: Hi-Rise 9+ Floors
  • Builder: Bovis Lendlease
  • Model: A
  • Construction: Concrete, Metal Siding
  • Foundation: Pillar/Post/Pier
  • Roof: Flat
  • Common Walls: 2+ Common Walls
  • Walls/Ceilings: Dry Wall
  • Windows: Insulated, Screens
  • Doors: Insulated, Sliding Glass
  • Entry Floor Number: 16
  • Elevator(s ): 5
  • Stories Description: Main
  • Square Feet: 1,790
  • Sq. Ft. Source: Estimated
  • Living Area: 1,790 Sq. Ft.
  • Finished Above Grnd: 1,790 Sq. Ft.
  • Year Built: 2008
  • Year Built Source: Assessor
  • Property Condition: Excellent

Unit Information

  • Unit Floor in Bldg.: 1

Lot Features

  • Property View: Bay, City, Ocean, Panoramic
  • Zoning: RESIDENTIAL CONDOMINIUM
  • Lot Description: Cleared

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Type: Ocean
  • Water Front Name: Atlantic

Financial Considerations

  • Price Per Sq. Ft.: $759.22
  • Condo Fee: $982
  • Condo Fee Freq: Monthly
  • Other Fee: $1,580
  • Other Fee Freq.: One Time
  • Assessment Year: 2026
  • City/TownTax: $4,673
  • City/TownTax Freq: Annually
  • County Tax: $8,606
  • County Tax Freq: Annually
  • Tax w/Assessment: $1,204,500
  • Tax Amount: $14,463
  • Tax Year: 2025
  • Terms: Standard Sale
  • Tax Total Finished Sq. Ft.: 1650

Disclosures and Reports

  • Ownership: Condominium
  • Condo: Yes
  • Exclusions: See Inventory Addendum for list of exclusions. Furnishings convey as a convenience.
  • Inclusions: Fully Furnished
  • Lot Number: 1602

Meet the selling agent

Meet the selling agent
— 2 48th St #1602 —

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2 48th St #1602

School District:Worcester County Public Schools
NameGradesDistance
Ocean City Elementary School
12828 Center Drive, Ocean City, MD 21842
PK-42.8 mi
Stephen Decatur Middle School, Berlin, MD
9815 Seahawk Road, Berlin, MD 21811
7-87 mi
Stephen Decatur High School
9913 Seahawk Road, Berlin, MD 21811
9-127 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2 48th St #1602

Date
Details
Price
Change
Source
7/10/2026
Sold
$1,299,000
-4.42%
MLS
4/04/2026
Listed
$1,359,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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2 48th Street #1602, Ocean City, MD 21842 (MLS# MDWO2037478) is a Condo property that was sold at $1,299,000 on July 10, 2026. This property was sold by Madeleine McCoy from our Ocean City - 123rd Office.Want to learn more about 2 48th Street #1602? Do you have questions about finding other Condo real estate for sale in Ocean City? You can browse all Ocean City real estate or contact a Coldwell Banker agent to request more information.