Ocean City

21842

2 48TH ST #512

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$1,250,000

● Condo - Off Market

2 48TH ST #512

OCEAN CITY, MD 21842

3 Beds

3 Baths

1806 Sqft

$1,296,353

RealtyHop Estimate

-0.27%

Since Aug 1, 2023

National-US

Primary Model

About This Property

Direct Oceanfront 3 Bedroom 3 Bathroom Residence now available at the luxurious Gateway Grand. Located on the 5th floor offering a fantastic perspective of the beach and Atlantic Ocean. This is the "A" floorplan featuring a Direct Oceanfront Primary Suite with a huge plate glass window and convenient access to the balcony. Tastefully furnished by a local professional interior designer you will adore the custom millwork lining the entrance hallway as well as the accent walls in the guest suites. Entering the kitchen you will immediately notice the awesome wave glass tile backsplash and bright white kitchen cabinets framing the stainless steel appliances. The Gateway Grand is one of Ocean City's newest and most spectacular luxury condominium buildings featuring an abundance of amenities including a heated indoor and outdoor pool, state of the art fitness center, private owners lounges, on-site property management, on-site maintenance team, gated parking garage with electric car chargers available for owners, kids club, and so much more. Ground floor deeded storage locker #106 conveys with residence.

Unit Size

1,806Ft²

Days on Market

135 days

Land Size

Price per sqft

$720

Property Type

Condo

Property Taxes

$882

HOA Dues

Year Built

Last updated: 11 months ago (Bright MLS #MDWO2012342)

Price History

Date / Event	Date	Event
Jul 31, 2023	Sold to Kathleen Damore, Paul Damore	$1,250,000
Sold to Kathleen Damore, Paul Damore
Jul 1, 2023	Sold	$1,250,000
Sold
May 24, 2023	In contract	-
In contract
Apr 25, 2023	Sold to Kirk J Bittel	$50,000
Sold to Kirk J Bittel
Apr 11, 2023	Price Decreased	$1,299,900 ↓ $50K (3.7%)
Price Decreased
Feb 16, 2023	Listed by Keller Williams Realty Delmarva	$1,349,900
Listed by Keller Williams Realty Delmarva
Sep 26, 2016	Sold to Kirk J Bittel	$775,000
Sold to Kirk J Bittel

Property Highlights

Elevator

Garage

Air Conditioning

Parking Details

Has Garage

Garage Features: Covered Parking

Parking Features: Attached Garage, Parking Lot

Attached Garage Spaces: 2

Garage Spaces: 2

Total Garage and Parking Spaces: 2

Interior Details

Bedroom Information

Bedrooms on Main Level: 3

Interior Information

Interior Features: Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Crown Moldings, Entry Level Bedroom, Flat, Floor Plan - Open, Kitchen - Island, Pantry, Primary Bath(s), Primary Bedroom - Ocean Front, Recessed Lighting, Upgraded Countertops, Walk-in Closet(s), WhirlPool/HotTub, Window Treatments

Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Washer, Stainless Steel Appliances, Refrigerator, Oven/Range - Electric

Flooring Type: Carpet

Living Area Square Feet Source: Estimated

Wall & Ceiling Types

Room Information

Laundry Type: Dryer In Unit, Washer In Unit

Exterior Details

Property Information

Property Manager Present

Ownership Interest: Condominium

Property Condition: Excellent

Year Built Source: Assessor

Building Information

Builder Name: Bovis Lendlease

Foundation Details: Pillar/Post/Pier

Other Structures: Above Grade, Below Grade

Roof: Flat

Structure Type: Unit/Flat/Apartment

Window Features: Insulated, Screens

Construction Materials: Concrete, Metal Siding

Unit Building Type: Hi-Rise 9+ Floors

Building Name: Gateway Grand

Outdoor Living Structures: Balcony

Pool Information

Community Pool

Lot Information

Lot Size Dimensions: 0.00 x 0.00

Land Information

Land Assessed Value: $750,700

Above Grade Information

Finished Square Feet: 1806

Finished Square Feet Source: 1806

Financial Details

County Tax: $6,343

County Tax Payment Frequency: Annually

City Town Tax: $3,397

City Town Tax Payment Frequency: Annually

Tax Assessed Value: $750,700

Tax Year: 2022

Tax Annual Amount: $10,582

Year Assessed: 2023

Utilities Details

Central Air

Cooling Type: Central A/C

Heating Type: Heat Pump(s)

Cooling Fuel: Electric

Heating Fuel: Electric

Hot Water: Electric

Sewer Septic: Public Sewer

Water Source: Public

Location Details

HOA/Condo/Coop Fee Includes: Common Area Maintenance, Ext Bldg Maint, Health Club, Insurance, Management, Pool(s), Reserve Funds, Water

HOA/Condo/Coop Amenities: Common Grounds, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Swimming Pool

Condo/Coop Fee: $825

Washer/Dryer/Hook Up in Unit: Yes

Comparables

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 #1608GATEWAYGRAND

Sold

Condo

3 Beds

3 Baths

1,790 ft²

$698/ft²

$1,250,000 Apr 24, 2023

$1,250,000 Jul 12, 2023

2 48th Street #1112

Sold

Condo

3 Beds

3 Baths

1,806 ft²

$748/ft²

$1,350,000 Aug 2, 2023

$1,350,000 Sep 28, 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 #1704GATEWAYGRAND

Sold

Condo

3 Beds

3 Baths

1,790 ft²

$701/ft²

$1,255,000 Feb 10, 2023

$1,255,000 Apr 5, 2023

2 48th Street #805

In Contract

Condo

3 Beds

3 Baths

1,790 ft²

$698/ft²

$1,250,000 Sep 10, 2023

2 48th Street #1204

Active

Condo

3 Beds

3 Baths

1,790 ft²

$670/ft²

$1,200,000 Jul 27, 2023

2 48th Street #1511GATEWAYGRAND

Active

Condo

3 Beds

3 Baths

1,790 ft²

$718/ft²

$1,285,000 Sep 18, 2023

2 48th Street #703GATEWAYGRAND

Active

Condo

3 Beds

3 Baths

1,650 ft²

$775/ft²

$1,279,000 Oct 9, 2023

3 47th Street #33

Active

Condo

4 Beds

3 Baths

1,920 ft²

$547/ft²

$1,050,000 Sep 4, 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	- -	-	-

Building Info

2 48th Street 2 48th Street, Ocean City, MD 21842

3 Units for Sale

More about this Building

Want to find out who owns 2 48th Street, Ocean City, MD 21842? Get detailed property transactions here .

About Ocean City

Stats & Trends

Median Asking:

$420,000

Sale Price/ft²

$452

Below Asking

0.01%

Average Days on Market

Average Home Size

1113 ft²

Average Home Age

38.8 years

Currently For Sale

437 Listings

Similar Homes for Sale

Unit for sale at 3 47th Street, OCEAN CITY, MD 21842

$1,050,000

4 Beds
3 Baths
1,920 ft²

3 47th Street #33, OCEAN CITY, MD 21842 Listing by Jay Pierorazio

Unit for sale at 2 48th Street, OCEAN CITY, MD 21842

$1,279,000

3 Beds
3 Baths
1,650 ft²

2 48th Street #703GATEWAYGRAND, OCEAN CITY, MD 21842 Listing by Grant Fritschle

$1,285,000

3 Beds
3 Baths
1,790 ft²

2 48th Street #1511GATEWAYGRAND, OCEAN CITY, MD 21842 Listing by Grant Fritschle

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Listed by: Jonathan Barker
Keller Williams Realty Delmarva
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# MDWO2012342

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