Ocean City

21842

2 48TH STREET #306

Thumbnail Photo of Unit 306 at 2 48TH STREET

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Map

$1,588,173*

● Condo - Off Market

2 48TH STREET #306

OCEAN CITY, MD 21842

4 Beds

3 Baths

2061 Sqft

$981,000 - $1,199,000

Reference Base Price*

45.70%

Since Feb 1, 2020

National-US

Primary Model

About This Property

REALLY GREAT PRICE ADJUSTMENT! INCREDIBLE PRICE and $5,000 Condo Fee Credit if settle before 12/31/2019. This is it if you need a beach condo larger than average 2-3 bedrooms-This one has FOUR BEDROOMS and is a corner/end unit! Envision yourself Oceanfront living in luxury! You've found that with this Gateway Grand condo! Oceanblock Four Bedroom condos are Rare, must less Oceanfront. This is your chance to own a magnificent beach condo in magnificent popular building with amazing amenities - outdoor pool, indoor pool, fitness room, club rooms, secure entry, and more. Stepping inside this turn-key home, you'll be in awe of the end-unit's lavish features - granite, stainless, moldings, master suite, tiled floors and great living space with incredible views from multi-windows and sliders. Decorators spared no cost and had full attention to detail with high-end decorative furnishings to round out this fabulous beach getaway (furnishings available outside settlement). Owners barely used and didn't rent, but it could rent for upwards of $60-$70k (GRI). And owner financing may be available with acceptable offer. Owner wants it sold, so bring offer - don't be shy! If you want to own a piece of luxurious beach lifestyle, don't wait and schedule private showing today!

The manager has listed the unit size as 2061 square feet.

Unit Size

2,061Ft²

Days on Market

Land Size

Price per sqft

$529

Property Type

Condo

Property Taxes

$19,027

HOA Dues

Year Built

Price History

Date / Event	Date	Event
Apr 16, 2021	Sold to David J Froehlich Jr, Patri...	$1,339,900
Sold to David J Froehlich Jr, Patri...
Jan 18, 2020	No longer available	-
No longer available
Nov 22, 2019	Price Decreased	$1,090,000 ↓ $110K (9.2%)
Price Decreased
Sep 11, 2019	Price Decreased	$1,200,000 ↓ $25K (2%)
Price Decreased
Jun 8, 2019	Price Decreased	$1,225,000 ↓ $50K (3.9%)
Price Decreased
Feb 18, 2019	Listed	$1,275,000
Listed

Property Highlights

Air Conditioning

With View

Comparables

4701 Atlantic Avenue #14

Sold

Condo

4 Beds

3 Baths

1,785 ft²

$651/ft²

$1,162,500 Apr 20, 2023

$1,162,500 Jun 1, 2023

206 52nd Street

Sold

House

4 Beds

3 Baths

1,826 ft²

$657/ft²

$1,200,000 Mar 24, 2023

$1,200,000 Apr 26, 2023

$450/mo

2 48th Street #704

Sold

Condo

3 Beds

3 Baths

1,790 ft²

$587/ft²

$1,050,000 Mar 1, 2023

$1,050,000 Apr 12, 2023

2 48th Street #309

Sold

Condo

3 Beds

3 Baths

1,790 ft²

$698/ft²

$1,249,900 Mar 3, 2023

$1,249,900 Apr 17, 2023

2 48th Street #911

Sold

Condo

3 Beds

3 Baths

1,790 ft²

$698/ft²

$1,250,000 Mar 20, 2023

$1,250,000 May 19, 2023

2 48th Street #509

Sold

Condo

3 Beds

3 Baths

1,790 ft²

$698/ft²

$1,249,900 Oct 31, 2022

$1,249,900 Mar 10, 2023

2 48th Street

Active

Condo

4 Beds

3 Baths

2,061 ft²

$626/ft²

$1,290,000 May 16, 2018

2 48th Street

Active

Condo

4 Beds

3 Baths

2,250 ft²

$400/ft²

$899,900 Jul 30, 2017

2 48th Street #705

In Contract

Condo

3 Beds

3 Baths

1,790 ft²

$614/ft²

$1,099,000 Mar 10, 2023

4307 Atlantic Avenue

Active

Condo

3 Beds

3 Baths

1,857 ft²

$598/ft²

$1,111,000 May 16, 2018

2 48th Street #512

In Contract

Condo

3 Beds

3 Baths

1,806 ft²

$720/ft²

$1,299,900 Feb 16, 2023

2 48th Street #1511GATEWAYGRAND

Active

Condo

3 Beds

3 Baths

1,790 ft²

$715/ft²

$1,279,990 Apr 18, 2023

Past Sales

Date	Unit	Beds	Baths	Sqft	Price	Closed	Owner	Listed By
20240502 Unit 1502 05/02/2024	1502	3 Bed	3 Bath	1790 ft²	$1,299,000 3 Bed 3 Bath 1790 ft²	- -	-	Jonathan Barker Keller Williams Realty Delmarva
20231206 Unit 1104 12/06/2023	1104	3 Bed	3 Bath	1790 ft²	$1,200,000 3 Bed 3 Bath 1790 ft²	$1,175,000 -2.08% 01/12/2024	-	Jonathan Barker Keller Williams Realty Delmarva
20230910 Unit 805 09/10/2023	805	3 Bed	3 Bath	1790 ft²	$1,250,000 3 Bed 3 Bath 1790 ft²	$1,255,000 +0.40% 12/12/2023	Paula P Tanner Richard Mcghee	Jonathan Barker Keller Williams Realty Delmarva
20230802 Unit 1112 08/02/2023	1112	3 Bed	3 Bath	1806 ft²	$1,499,000 3 Bed 3 Bath 1806 ft²	$1,350,000 -9.94% 09/28/2023	-	Jonathan Barker Keller Williams Realty Delmarva
20230727 Unit 1204 07/27/2023	1204	3 Bed	3 Bath	1790 ft²	$1,200,000 3 Bed 3 Bath 1790 ft²	$1,150,000 -4.17% 12/29/2023	-	Jonathan Barker Keller Williams Realty Delmarva
20230502 Unit 908 05/02/2023	908	3 Bed	3 Bath	1790 ft²	$1,350,000 3 Bed 3 Bath 1790 ft²	$1,160,000 -14.07% 08/18/2023	-	Jonathan Barker Keller Williams Realty Delmarva
20230424 Unit 1608GATEWAYGRAND 04/24/2023	1608GATEWAYGRAND	3 Bed	3 Bath	1790 ft²	$1,325,000 3 Bed 3 Bath 1790 ft²	$1,250,000 -5.66% 07/12/2023	-	Jonathan Barker Keller Williams Realty Delmarva
20230320 Unit 911 03/20/2023	911	3 Bed	3 Bath	1790 ft²	$1,299,900 3 Bed 3 Bath 1790 ft²	$1,250,000 -3.84% 05/19/2023	-	Jonathan Barker Keller Williams Realty Delmarva
20230310 Unit 705 03/10/2023	705	3 Bed	3 Bath	1790 ft²	$1,099,000 3 Bed 3 Bath 1790 ft²	$1,075,000 -2.18% 07/07/2023	Michael J Mcdonald Shirley A Mcdonald	Grant Fritschle Keller Williams Realty Delmarva
20230303 Unit 309 03/03/2023	309	3 Bed	3 Bath	1790 ft²	$1,249,900 3 Bed 3 Bath 1790 ft²	$1,249,900 04/17/2023	-	Jonathan Barker Keller Williams Realty Delmarva
20230301 Unit 704 03/01/2023	704	3 Bed	3 Bath	1790 ft²	$1,050,000 3 Bed 3 Bath 1790 ft²	$1,050,000 04/12/2023	-	Jonathan Barker Keller Williams Realty Delmarva
20230216 Unit 512 02/16/2023	512	3 Bed	3 Bath	1806 ft²	$1,349,900 3 Bed 3 Bath 1806 ft²	$50,000 -96.30% 04/25/2023	Kirk J Bittel	Jonathan Barker Keller Williams Realty Delmarva
20230210 Unit 1704GATEWAYGRAND 02/10/2023	1704GATEWAYGRAND	3 Bed	3 Bath	1790 ft²	$1,390,000 3 Bed 3 Bath 1790 ft²	$1,255,000 -9.71% 04/05/2023	-	Jonathan Barker Keller Williams Realty Delmarva
20221209 Unit 508 12/09/2022	508	3 Bed	3 Bath	1790 ft²	$1,295,000 3 Bed 3 Bath 1790 ft²	- -	-	Sandy Galloway Berkshire Hathaway HomeServices PenFed Realty - OP
20221031 Unit 509 10/31/2022	509	3 Bed	3 Bath	1790 ft²	$1,299,000 3 Bed 3 Bath 1790 ft²	$1,249,900 -3.78% 03/10/2023	-	Jonathan Barker Keller Williams Realty Delmarva
20220502 Unit 309 05/02/2022	309	3 Bed	3 Bath	1790 ft²	$1,390,000 3 Bed 3 Bath 1790 ft²	$1,249,900 -10.08% 05/01/2023	-	Karen Staskey Berkshire Hathaway HomeService PenFed Realty - WOC
20210820 08/20/2021		3 Bed	3 Bath	1650 ft²	$1,325,000 3 Bed 3 Bath 1650 ft²	- -	-	Mary Rice Engel & Volkers Ocean City
20210915 Unit 414 09/15/2021	414	3 Bed	3 Bath	1873 ft²	$1,499,900 3 Bed 3 Bath 1873 ft²	- -	-	Mike Patrick RE/MAX United Real Estate
20210911 Unit 707 09/11/2021	707	3 Bed	3 Bath	1650 ft²	$1,349,000 3 Bed 3 Bath 1650 ft²	$1,115,000 -17.35% 02/11/2022	Regina Marie Thurston Robert David Thurston	Carol Proctor Berkshire Hathaway HomeServices PenFed Realty
20201125 Unit 201 11/25/2020	201	4 Bed	3 Bath	2345 ft²	$899,900 4 Bed 3 Bath 2345 ft²	- -	-	-
20201106 Unit 309 11/06/2020	309	3 Bed	3 Bath	1790 ft²	$849,000 3 Bed 3 Bath 1790 ft²	$830,000 -2.24% 01/15/2021	Ann M Mccabe Eric J Mccabe	Kelly Goeller
20190403 Unit 1012 04/03/2019	1012	3 Bed	3 Bath	1806 ft²	$829,900 3 Bed 3 Bath 1806 ft²	$810,000 -2.40% 10/08/2019	Diana M Campbell	Ryan Daniher
20190412 04/12/2019		3 Bed	3 Bath	-	$800,000 3 Bed 3 Bath	- -	-	-
20190218 Unit 306 02/18/2019	306	4 Bed	3 Bath	2061 ft²	$1,275,000 4 Bed 3 Bath 2061 ft²	- -	-	-
20181102 Unit 501 11/02/2018	501	4 Bed	3 Bath	2250 ft²	$849,900 4 Bed 3 Bath 2250 ft²	- -	-	-
20180516 05/16/2018		4 Bed	3 Bath	2061 ft²	- 4 Bed 3 Bath 2061 ft²	- -	-	-
20171127 Unit 911 11/27/2017	911	3 Bed	3 Bath	1650 ft²	$829,990 3 Bed 3 Bath 1650 ft²	- -	-	-
20170730 07/30/2017		4 Bed	3 Bath	2250 ft²	- 4 Bed 3 Bath 2250 ft²	- -	-	-