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$995,500

  • For Sale
  • Active
  • Condo
  • 3 Beds
  • 3 Full Baths
  • 1,790 Sq. Ft.
  • 2 Car Garage
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Seller now offering ONE FULL YEAR of condo fees paid at settlement with an acceptable offer. Don't miss your opportunity to own in The Gateway Grand. Step into a world of coastal luxury with this stunning 3-bedroom, 3-bathroom residence at The Gateway Grand, Ocean City's premier oceanfront condominium. Offering breathtaking ocean views from your private balcony, this home features an open and spacious floor plan with recently steam-cleaned carpets, and soaring 9-foot ceilings, complemented by crown molding in the dining area and master bedroom. The Gateway Grand is a luxurious building crafted to elevate your lifestyle. Experience unmatched comfort and convenience with indoor and outdoor pools, a resort-style fitness center with stunning Atlantic views, and a kid's club room filled with video games and board games. The building also features climate-controlled beach storage, multiple owner's lounges, and a dedicated team providing management, maintenance, and security for a seamless living experience. 214 includes access to two parking spaces in a gated garage, which now offers seven electric car chargers. Additionally, individual indoor storage areas for beach gear like chairs and umbrellas make it easy to enjoy the beach without the hassle. Convenient outdoor showers keep you fresh after a day by the water. Whether you're looking to relax or stay active, The Gateway Grand offers it all. Socialize at The Gateway Club Lounge, complete with a full bar and flat-panel TV. This fully furnished, coastal luxury unit offers great rental potential, making it the perfect investment for those seeking both a vacation home and income-generating property. Oceanfront living is truly grand at The Gateway Grand.

Full Property Details for 2 48th St #214

General

  • Price: $995,500
  • HOA FEE: $949/month
  • Taxes: $8,407 (2024)
  • Status: Active
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDWO2027534
  • Updated: 12/17/2025
  • Added to Site: 380 day(s) ago

Interior

  • Number of Rooms: 6
  • Rooms/Areas: Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3
  • Interior Features: Bathroom - Jetted Tub, Bathroom - Stall Shower, Breakfast Area, Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Elevator, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Pantry, Recessed Lighting, Store/Office, Upgraded Countertops, Walk-in Closet(s), Window Treatments, Other
  • Appliances: Built-In Microwave, Dishwasher, Dryer - Front Loading, Icemaker, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Stove, Washer - Front Loading
  • Furnished: Yes
  • Flooring: Ceramic Tile, 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: Washer In Unit, Dryer In Unit

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: 24 hour security

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: Parking Garage, On Street
  • Garage Description: Inside Access, Covered Parking

Location

  • Area: Oceanfront Indirect View (81)
  • Municipality: Ocean City
  • County: WORCESTER
  • Building Name: Gateway Grand
  • Driving Directions: GPS
  • Location Details: Oceanside
  • City Limits: Yes

School Information

  • School District: Worcester County Public Schools
  • Elementary School: Ocean City
  • Middle School: Stephen Decatur
  • High School: Stephen Decatur

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: Central
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Coastal
  • Structure Type: Hi-Rise 9+ Floors
  • Construction: Concrete, Metal Siding
  • Roof: Flat
  • Walls/Ceilings: Dry Wall
  • Entry Floor Number: 2
  • 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

Lot Features

  • Property View: Ocean, Bay
  • Zoning: RESIDENTAL

Water Features

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

Financial Considerations

  • Price Per Sq. Ft.: $556.15
  • Condo Fee: $949
  • Condo Fee Freq: Monthly
  • Assessment Year: 2024
  • City/TownTax: $2,658
  • City/TownTax Freq: Annually
  • County Tax: $5,076
  • County Tax Freq: Annually
  • Tax w/Assessment: $600,667
  • Tax Amount: $8,407
  • Tax Year: 2024
  • Tax Total Finished Sq. Ft.: 1700

Disclosures and Reports

  • Ownership: Condominium
  • Condo: Yes
  • Exclusions: personal items
  • Inclusions: Fully furnished
  • Lot Number: 214
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 2 48th St #214 —

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 2 48th St #214

School District:Worcester County Public Schools
NameGradesDistance
Ocean City Elementary School
12828 Center Drive, Ocean City, MD 21842
PK-42.8 mi
Berlin Intermediate School
309 Franklin Avenue, Berlin, MD 21811
4-68.3 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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2 48th St #214 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/07/2025
Price Reduced
$995,500
-0.45%
MLS
3/24/2025
Price Reduced
$999,999
-2.44%
MLS
2/13/2025
Price Reduced
$1,025,000
-14.51%
MLS
1/01/2025
Listed
$1,199,000
29.62%
MLS
4/29/2022
Sold
$925,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2 48th St #214

Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,267
—
$614,833
5%
2023
$8,267
—
$586,500
—
2021
$8,288
—
$586,500
—
2021
$8,287
-1%
$586,500
—
2020
$8,344
1%
$586,500
—
2019
$8,285
-4%
$586,500
-4%
2018
$8,645
—
$612,000
1%
2017
$8,635
—
$608,200
1%
2016
$8,613
6%
$604,400
1%
2015
$8,123
—
$600,600
—
2014
$8,132
—
$600,600
—
View All
Disclaimer: Historical tax 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 #214, Ocean City, MD 21842 (MLS# MDWO2027534) is a Condo property with 3 bedrooms and 3 full bathrooms. 2 48th Street #214 is currently listed for $995,500 and was received on January 01, 2025. This property is listed by Anna Spann from our Ocean City - 123rd Office.Want to learn more about 2 48th Street #214? 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.

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