2 48TH STREET #1405 GATEWAY GRAND, OCEAN CITY, MD 21842 | MLS #MDWO2039330 | Berkshire Hathaway HomeServices Fox & Roach
 

2 48TH STREET #1405 GATEWAY GRANDOCEAN CITY, MD 21842

Condo · 3 Beds · 3 Full Baths · 1,650 Sq. ft.
$1,299,000 ACTIVE

2 48TH STREET #1405 GATEWAY GRAND Overview

Time on Site:
4 days
Visits:
5

Everyone says they want an oceanfront condo, until they realize there might be an even Better View.  (Yes...Really!) --- Traditional oceanfront condos are incredible. They put you directly in front of the Atlantic Ocean. But they also limit your perspective.   You get an incredible view that's limited to a small stretch immediately in front of you.    Gateway Grand #1405 offers a different approach that expands your view by ten-fold. From this high-floor, south-side residence, you're not simply looking at the ocean... you're looking at an entire coastline. More than 30 blocks of Atlantic Ocean stretch into the distance, joined by panoramic views of the bay, the Ocean City skyline, and even Assateague Island.  You'll enjoy the full spectrum of sunrise, to sunset, all from one viewpoint.... and even after the sunset, your views arguably get better still!  The lights of the city skyline providing an somewhat mesmerizing scene that you can't look away from!   It's one of those properties that makes people stop talking the moment they walk through the front door.   It's unexpected and impossible to describe until you see it for yourself.   The sought-after A-Style floorplan places the primary suite at the front of the residence, allowing you to wake up to those same sweeping ocean and bay views each morning. With three bedrooms, three full bathrooms, and one of Gateway Grand's most desirable layouts, the floorplan is equally comfortable for everyday living, entertaining family and friends, or generating exceptional rental income should you ever decide to share it. The residence has been exceptionally well cared for, remains in outstanding move-in-ready condition, and gives the next owner the freedom to enjoy it immediately while making future design decisions on their own timeline. It's a blank canvas, offering you the freedom to make it whatever you want, without the necessity to do anything until you decide to.    And then there's The Gateway Grand itself.   The building that every oceanfront buyer should be aware of, and is probably already at the  top of your list. Widely recognized as one of Ocean City's premier luxury condominiums, Gateway Grand has built its reputation on exceptional construction, outstanding management, financial stability, and an ownership experience that continues to set the standard for oceanfront living. Owners enjoy indoor and outdoor heated pools, a state-of-the-art fitness center, owner's lounge, children's activity room, secure lobby, gated parking, private beach lockers, multiple beach access points, and professional on-site management by one of the area's most respected teams. But perhaps the greatest luxury isn't found inside the building, or within it's amenities.   It's confidence.....Confidence in the building....Confidence in the association.... Confidence in the long-term ownership experience. And confidence that you're buying into one of Ocean City's most respected addresses. Located in the quiet stretch of mid-town Ocean City, you're just moments from outstanding restaurants, shopping, coffee shops, parks, and the world famous OC Boardwalk, while still enjoying the quieter atmosphere that continues to make this section of town one of the most sought-after locations on the coast. Some oceanfront properties offer you an ocean view. Gateway Grand #1405 gives you perspective. And once you've experienced the difference... it's surprisingly difficult to settle for anything less.

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2 48TH STREET #1405 GATEWAY GRAND Facts & Features

  • Type Condo
  • Sq. ft. 1,650
  • Price/Sq.ft. $787

Details

General

Association/HOA

  • Association Amenities: Common Grounds, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Swimming Pool
  • Association Fee 2: 982.00
  • Association Fee 2 Frequency: Monthly
  • Association Fee Includes: Common Area Maintenance, Ext Bldg Maint, Health Club, Insurance, Management, Pool(s), Reserve Funds, Water
  • Association Name 2: Gateway Grand
  • Association: No
  • Condo/Coop Association: Yes

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • Builder Model: A
  • Builder Name: Bovis Lendlease
  • Building Name: Gateway Grand
  • New Construction: No
  • Pool: Yes - Community
  • Total SQFT: 1650
  • Year Built: 2008

Location/Region

  • Country: US
  • County: WORCESTER
  • County Or Parish: WORCESTER
  • In City Limits: Yes
  • MLS Area Major: Oceanfront Indirect View (81)
  • Subdivision Name: NONE AVAILABLE

Parking Information

  • Total Parking Spaces: 2
  • Type of Parking: Attached Garage,Parking Lot

Community/Development

  • Community Pool Features: In Ground,Indoor,Heated

Tax Information

  • City/Town Tax: 4673.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax: 8606.00
  • County Tax Payment Frequency: Annually
  • Tax Annual Amount: $14,463.00
  • Tax Assessed Value: 1204500.00
  • Tax Year: 2025

General Information

  • Exclusions: See Inventory Addendum
  • Furnished: Yes
  • Inclusions: See Inventory Addendum
  • Property Type: Residential
  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2026
  • Zoning: RESIDENTIAL CONDOMINIUM

Interior

Building Information

  • Cooling Fuel: Electric
  • Heating Fuel: Electric

Parking Information

  • Garage Features: Covered Parking
  • Garage Spaces: 2.00
  • Garage: Yes

Beds/Baths

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

Building Exterior/Construction

  • Structure Type: Unit/Flat/Apartment

Building Interior

  • Above Grade Finished Area: 1650
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area: 0
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Central Air: Yes
  • Hot Water: Electric
  • Laundry Type: Dryer In Unit,Washer In Unit

General Information

  • Accessibility Features: None
  • Appliances: Built-In Microwave, Dishwasher, Dryer, Oven/Range - Electric, Washer
  • Basement: No
  • Common Walls: 2+ Common Walls
  • Cooling: Central A/C, Ceiling Fan(s)
  • Door Features: Insulated,Sliding Glass
  • Entry Level: 14
  • Fireplace: No
  • Flooring: Carpet, Tile/Brick
  • Interior Features: Ceiling Fan(s), Crown Moldings, Entry Level Bedroom, Sprinkler System, Walk-in Closet(s), WhirlPool/HotTub, Window Treatments, Floor Plan - Open, Kitchen - Island
  • Levels: 1
  • Living Area: 1650
  • Living Area Source: Assessor
  • Main Level Bathrooms: 3.00
  • Main Level Bedrooms: 3
  • Window Features: Insulated, Screens

Unit Information

  • Unit Number: 1405 GATEWAY GRAND

Exterior

Parking Information

  • Parking Features: Electric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Parking, Secure Parking, Unassigned

Lot Information

  • Lot Dimensions Source: Assessor
  • Water Source: Public

Waterfront/View

  • Water Body Name: Atlantic
  • Water Body Type: Ocean
  • Water Oriented: Yes
  • Water View: No
  • Waterfront Features: Sandy Beach
  • Waterfront: Yes

Building Exterior/Construction

  • Architectural Style: Unit/Flat
  • Construction Materials: Concrete, Metal Siding
  • Patio And Porch Features: Balcony
  • Roof: Flat

General Information

  • Exterior Features: Exterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler
  • Other Structures: Above Grade,Below Grade
  • Sewer: Public Sewer
  • Water Access: Yes

2 48TH STREET #1405 GATEWAY GRAND Neighborhood

Community

21842 (OCEAN CITY) Demographics

53
Median Age
674
Population Density (per sq. mile)
43%
College Educated
$61,440
Estimated Median Income
3,922
Estimated Total Home Owners
1,418
Estimated Total Renters
73% / 27%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

2 48TH STREET #1405 GATEWAY GRAND Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2 48TH STREET #1405 GATEWAY GRAND Market Data

Based on the last 30 days in this zip code

$614,363
Average List Price
$480
Average Price per Square Foot
112
Properties Sold
129
Average Days on Market
622
Properties for Sale
Calculations provided by Reliance Network

2 48TH STREET #1405 GATEWAY GRAND History

Date Event Value Agent
6/26/2026Source: BRIGHT MLS Added to Database
June 26, 2026
Listing provided courtesy of Keller Williams Realty Delmarva- MLS# MDWO2039330MLS ProviderContact Information: [email protected] - 4105246400