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2 48th Street Unit 214

Ocean City, MD 21842

3 beds
3 baths
1,790 sqft
$558 per sqft
2008 build

Price Improvement!!! 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.

Listing courtesy of BRIGHT / Coldwell Banker Realty

Last checked: Checking… • Last updated Mar 26, 2025 •

MLS# MDWO2027534 —

The Building

Year Built:

2008
Year Built Source:

Assessor
Roof:

Flat
New Construction:

No
Construction Materials:

Concrete, Metal Siding
Building Name:

Gateway Grand
Unit Building Type:

Hi-Rise 9+ Floors
Structure Type:

Unit/Flat/Apartment
Architectural Style:

Coastal
Levels:

1
Entry Floor Number:

2
Security Features:

24 hour security
Accessibility Features:

Elevator
Basement:

No
Unit Number:

214
Total SqFt Source:

Estimated
Total Below Grade SqFt Source:

Assessor
Above Grade Finished Area Units:

Square Feet
Above Grade Finished SqFt:

1790
Above Grade Finished SqFt Source:

Estimated
Below Grade Finished Area Units:

Square Feet
Below Grade Unfinished Area Units:

Square Feet
Below Grade Finished SqFt Source:

Assessor
Below Grade Unfinished SqFt Source:

Assessor
Tax Total Finished SqFt:

1700

Interior

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
Flooring Type:

Ceramic Tile, Carpet
Fireplace:

No
Wall & Ceilings:

Dry Wall
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

1790
Living Area SqFt:

1,790 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Immediate, 0-30 Days CD

Location

Directions:

GPS
Latitude:

38.37384000
Longitude:

-75.06814000
Location Type:

Oceanside

The Property

Property Type:

Residential
Property Condition:

Excellent
Lot Size Dimensions:

0.00 x 0.00
Lot Dimensions Source:

Assessor
Zoning:

RESIDENTAL
View:

Ocean, Bay
In City Limits:

Yes
Other Structures:

Above Grade, Below Grade
Waterview:

Yes
Waterfront:

No
Water Oriented:

Yes
Water Access:

Yes
Water Body Name:

Atlantic Ocean
Water Body Type:

Ocean
Navigable Water:

Yes
Tidal Water:

No
Land Use Code:

U
Ground Rent Exists:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

2410763444
Tax Year:

2024
Tax Lot:

214
Tax Annual Amount:

$8,407
Tax Assessed Value:

$600,667
Year Assessed:

2024
County Tax:

5076.00
City/Town Tax:

2658.00
Total Taxes Payment Frequency:

Annually

Beds

Bedrooms:

3
Bedrooms Main Level:

3

Baths

Total Baths:

3
Full Baths:

3
Main Level Baths:

3.00
Main Level Full Baths:

3

Heating & Cooling

Cooling Type:

Central A/C, Ceiling Fan(s)
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Central
Heating Fuel:

Electric

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Appliances

Appliances:

Built-In Microwave, Dishwasher, Dryer - Front Loading, Icemaker, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Stove, Washer - Front Loading
Laundry Type:

Washer In Unit, Dryer In Unit
Washer/Dryer/Hook Up in Unit:

Yes

Schools

Elementary School:

Ocean City
Middle School:

Stephen Decatur
High School:

STEPHEN DECATUR
School District Name:

Worcester County Public Schools
School District Source:

Listing Agent

The Community

Subdivision Name:

None Available
Senior Community:

No
Pool:

Yes - Community
Community Pool Features:

Heated, Indoor, In Ground
Association Recreation Fee:

No
HOA:

No
Condo/Coop Association:

Yes
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:

$949
Condo/Coop Fee Frequency:

Monthly
HOA/Condo/Coop Fee:

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

Gateway Grand

Parking

Total Garage and Parking Spaces:

2
Garage:

Yes
Garage Features:

Inside Access, Covered Parking
Garage Spaces:

2.00
Type of Parking:

Parking Garage
Parking Features:

Electric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Parking, Secure Parking, Surface, Unassigned
Parking Garage - # of Spaces:

2

Extra Units

Vacation Rental:

No

Monthly cost estimate

Asking price

$999,999

Expense	Monthly cost
Mortgage	$5,354
Taxes	$700
Insurance	$274
HOA fees	$949
Utilities	$144 See report
Total	$7,421/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
3/24/25 Mar 24, 2025	Price Changed	BRIGHT	$999,999	-2.4%
2/13/25 Feb 13, 2025	Price Changed	BRIGHT	$1,025,000	-14.5%
12/31/24 Dec 31, 2024	Listed / Active	BRIGHT	$1,199,000

Condo For Sale

$999,999

HOA

$949/mo.

Cost Est.

$7,421/mo.

Listing provided by broker:

Anna Spann

Coldwell Banker Realty

(443) 856-2211

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This condo located in Ocean City 21842 is currently for sale for $999,999. 2 48th Street Unit 214 is a 1,790 square foot condo with 3 beds and 3 baths. This condo is in the attendance area of Stephen Decatur Middle School, Stephen Decatur High School, Berlin Intermediate School, and Ocean City Elementary School.

Listing Courtesy of: BRIGHT and Coldwell Banker Realty.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.