2 48TH ST #402 Active Save Request In-Person Tour Request Virtual Tour
Ocean City,MD 21842
Key Details
Property Type Condo
Sub Type Condo/Co-op
Listing Status Active
Purchase Type For Sale
Square Footage 1,790 sqft
Price per Sqft $613
Subdivision None Available
MLS Listing ID MDWO2026410
Style Unit/Flat
Bedrooms 3
Full Baths 3
Condo Fees $922/mo
HOA Y/N N
Abv Grd Liv Area 1,790
Originating Board BRIGHT
Year Built 2008
Annual Tax Amount $10,084
Tax Year 2024
Lot Dimensions 0.00 x 0.00
Property Description
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 and $49,044.24 in 2024. Some weeks were blocked in 2023 for owner use and it could produce more income if so desired by the new owners. Buyers to honor 2024 rentals.
Location
State MD
County Worcester
Area Oceanfront Indirect View (81)
Zoning RESIDENTIAL
Direction West
Rooms
Main Level Bedrooms 3
Interior
Interior Features Carpet,Ceiling Fan(s),Combination Dining/Living,Combination Kitchen/Dining,Crown Moldings,Dining Area,Entry Level Bedroom,Flat,Floor Plan - Open,Pantry,Primary Bath(s),Recessed Lighting,Bathroom - Soaking Tub,Sprinkler System,Bathroom - Tub Shower,Upgraded Countertops,Walk-in Closet(s),WhirlPool/HotTub,Window Treatments
Hot Water Electric
Heating Central
Cooling Central A/C
Flooring Carpet,Ceramic Tile
Inclusions See Inventory Addendum
Equipment Built-In Microwave,Dishwasher,Disposal,Dryer,Freezer,Oven/Range - Electric,Refrigerator,Washer
Furnishings Yes
Fireplace N
Window Features Insulated,Screens
Appliance Built-In Microwave,Dishwasher,Disposal,Dryer,Freezer,Oven/Range - Electric,Refrigerator,Washer
Heat Source Electric
Laundry Dryer In Unit,Washer In Unit
Exterior
Exterior Feature Balcony
Garage Covered Parking
Garage Spaces 2.0
Utilities Available Cable TV Available,Electric Available
Amenities Available Common Grounds,Elevator,Exercise Room,Fitness Center,Game Room,Meeting Room,Party Room,Pool - Indoor,Pool - Outdoor,Swimming Pool
Water Access Y
View Bay,City,Ocean
Roof Type Flat
Accessibility None
Porch Balcony
Attached Garage 2
Total Parking Spaces 2
Garage Y
Building
Lot Description Premium
Story 1
Unit Features Hi-Rise 9+ Floors
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Level or Stories 1
Additional Building Above Grade,Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District Worcester County Public Schools
Others
Pets Allowed Y
HOA Fee Include Common Area Maintenance,Ext Bldg Maint,Health Club,Insurance,Management,Pool(s),Reserve Funds,Water
Senior Community No
Tax ID 2410763630
Ownership Condominium
Security Features Desk in Lobby,Sprinkler System - Indoor
Acceptable Financing Cash,Conventional
Horse Property N
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Pets Description Cats OK,Dogs OK,Number Limit