2 48th St, Unit 1612

Ocean City, MD 21842

$2,179,000
Price
4
Beds
2,323 Sq. Ft.
$938 / Sq. Ft.
2,323
Sq. Ft.
$938
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Active Under Contract
Active Under Contract
a kitchen with refrigerator and cabinets
a kitchen with kitchen island granite countertop a sink cabinets and stainless steel appliances
a view of a dining room with furniture and window
a dining room with furniture a chandelier and a rug
a dining room with wooden floor table and chairs
a living room with furniture a flat screen tv and kitchen view
a living room with furniture and a chandelier
a living room with furniture kitchen and a chandelier
a living room with furniture and a large window
a living room with furniture and a large window
a bathroom with a sink and a mirror
a view of an ocean from a balcony
a view of city from balcony
a view of balcony with couch
a view of an ocean
a view of an ocean beach
a room with gym equipment
a bathroom with a granite countertop sink toilet and shower
a view of a room with gym equipment
a bedroom with a bed and a painting on the wall
a bathroom with a granite countertop sink toilet and shower
a bedroom with a bed and a painting on the wall
a bathroom with a granite countertop sink mirror vanity and toilet
a living room with furniture and a large window
a room with furniture and a mirror
a spacious bathroom with a granite countertop sink a toilet a mirror and shower
a bathroom with a white bath tub a shower and a sink
a bathroom with a shower and a toilet
a bathroom with a granite countertop sink and a mirror
a bedroom with bed and a table
a bedroom with a bed a couch and dresser
a living room with furniture and a window
a view of living room with furniture and rug
a view of a balcony with an ocean
a view of building with ocean view
a view of city with ocean
a view of balcony with wooden floor
a living room with furniture and a large window
a living room with furniture and floor to ceiling windows
a living room with furniture and a flat screen tv
a living room with furniture flat screen tv and a large window
a view of a dining room with furniture
a dining room with furniture a flat screen tv and a floor to ceiling window
a view of a balcony with floor to ceiling windows and wooden floor
a view of a city
a view of a hallway with wooden floor and closet area
a dining room with a table and a flat screen tv
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
a room with furniture and window
a view of a kitchen with kitchen island a sink wooden floor and living room view
a view of a dining room with furniture next to a window
a view of a room with gym equipment
a room with gym equipment

Description

Penthouse-like living meets one of the most commanding vantage points in Ocean City. Positioned on the northeast corner of the 16th floor at the Gateway Grand, Residence 1612 offers a rare combination of elevation, scale, and unobstructed sight-lines stretching from the Atlantic Ocean to the Assawoman Bay, across North Ocean City, and toward the Route 90 bridge. This may just be one of the most impressive residences in the entire building. This direct oceanfront end unit features a one-of-a-kind...Penthouse-like living meets one of the most commanding vantage points in Ocean City. Positioned on the northeast corner of the 16th floor at the Gateway Grand, Residence 1612 offers a rare combination of elevation, scale, and unobstructed sight-lines stretching from the Atlantic Ocean to the Assawoman Bay, across North Ocean City, and toward the Route 90 bridge. This may just be one of the most impressive residences in the entire building. This direct oceanfront end unit features a one-of-a-kind floorplan and is among the largest in the building, offering 2,000+ square feet with four bedrooms and four full baths. Countless windows and sliders capture sunrise over the ocean and sunset over the bay, with the living area, primary suite, and a guest bedroom all enjoying panoramic views that elevate the entire living experience. The primary suite delivers captivating ocean and bay vistas and is complemented by an all marble bath with a walk in shower and soaking tub. The residences layout balances openness with privacy, ideal for hosting family and guests while maintaining a refined, comfortable flow throughout. This home is offered unfurnished, providing a blank canvas for a new owner to personalize without constraint. The kitchen is equipped with gourmet appliances and designed to support both everyday living and entertaining, while remaining connected to the dramatic coastal backdrop with the views that define this home. Gateway Grand is widely recognized as one of Ocean City’s premier luxury condominium buildings, offering an unparalleled ownership experience. Amenities include heated indoor and outdoor pools, a fitness center, gated parking garage, deeded storage lockers, owners lounge, grand lobby, on site building management, and security. The property conveys with three parking passes, a notable advantage for a four bedroom residence. Owners are permitted to have pets, while guests and renters are not. The midtown location provides exceptional access to local dining, entertainment, and everyday conveniences, while remaining comfortably removed from downtown congestion. Proximity to the Route 90 bridge allows for seamless arrival and departure, and the Boardwalk is easily accessible without the intensity of a downtown address. While this residence has never been rented and has been enjoyed as a primary home, the Gateway Grand has a long established history of demand for luxury rentals, offering future flexibility for a new owner. The home is offered as the seller relocates closer to family, presenting a rare opportunity to secure a one-of-a-kind oceanfront residence with scale, privacy, and views that are increasingly difficult to replicate. Property is owner occupied. Please provide advanced notice for showings.
  1. Listed by Grant K Fritschle • Keller Williams Realty Delmarva
    P: (410)-430-5880 grant@grantf.com
  2. Listed by Jonathan M Barker • Keller Williams Realty Delmarva
    P: (410)-935-3810 jon@markf.com

Property Details for 2 48th Street, Unit 1612

Tax ID Number
2410765315
Ownership
Condominium
Condo Coop Association
Yes
HOA
No
Entry Floor Number
16
Structure Type
Unit/Flat/Apartment
Style
Unit/Flat
Levels/Stories
1
LISTING UPDATED: 02/19/2026 09:40 AM

Property Details for 2 48th Street, Unit 1612

StatusActive Under Contract
MLS #MDWO2035748
Days on Market7
Taxes$19,223 / year
HOA Fees-
Condo/Co-op Fees$1,354 / month
Compass TypeCondo
MLS TypeResidential / Condo
Year Built2008
CountyWorcester County
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Location

Listing Courtesy of Keller Williams Realty Delmarva
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Building Information for 2 48th Street, Unit 1612

Building/ComplexGateway GrandFloor-Stories2Residences196Pet Policy-Pet Policy DetailsCats OK,Dogs OK,Number LimitYear Built2008

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$13,576 per month

30 year fixed, 6.15% Interest

Principal and Interest

$10,620

Property Taxes

$1,602

HOA Dues

$1,354

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Property Information for 2 48th Street, Unit 1612

Location
Location
  • In City Limits: Yes
  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District County ID: 121138066543
  • SchoolDistrictSource: Listing Agent
  • County: WORCESTER
  • MLS Area: Direct Oceanfront (80)
  • OC Cross Street: 48
Waterfront / Water Access
Waterfront / Water Access
  • Water View: Yes
  • Water Access: Yes
  • Water Access Features: Public Beach, Swimming Allowed
  • Water Oriented: Yes
  • Navigable Water: No
  • Tidal Water: Yes
  • Water Body Name: Atlantic
  • Water Body Type: Ocean
  • Water Frontage In Feet: 40.0
  • Riparian Rights Y/N: No
  • Distance To Body Of Water: .00
  • Distance To Body Of Water Units: Blocks
Association / Community Info
Association / Community Info
  • Condo Coop Name: Gateway Grand
  • Condo Coop Phone: (410) 723-1119
  • HOA Condo Coop Mgmt Type: Professional - On-site
  • HOA Condo Coop Fee Includes: Common Area Maintenance, Health Club, Insurance, Management, Pool(s), Reserve Funds, Water, Ext Bldg Maint, Snow Removal, Trash
  • HOA Condo Coop Amenities: Common Grounds, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Security, Swimming Pool
  • Property Manager Y/N: Yes
  • Other Fees: $280
  • Other Fees Frequency: One Time
  • Senior Community: No
  • Capital Contribution Amount: $4,200
  • Type of Condo: Condo/Coop Association
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2025
  • Tax Assessed Value: $1,403,567
  • Year Assessed: 2025
  • County Tax: $11,439
  • Improvement Assessed Value: $0
  • City Town Tax: $6,212
  • Land Assessed Value: $0
  • Clean Green Assessed: No
  • Land Use Code: U
  • Zoning: RESIDENTIAL CONDOMINIUM
  • Zoning Dscrp: RESIDENTIAL CONDOMINIUM
  • Tax Lot: 1612
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Pets Allowed: Yes
  • Pet Restrictions: Cats OK, Dogs OK
Rooms
Main
  • # Bedrooms Count Main Level: 4
  • # Bathrooms Count Main Level: 4
  • # Bathrooms Full Main Level: 4
Rooms
  • Stories: Main
Building Info
Building Info
  • Builder Name: Bovis Lendlease
  • Total Finished SQFT: 2,323.00
  • Total Finished SQFT Source: Estimated
  • Tax Total Finished SQFT: 2,184.00
  • Total SQFT: 2,323.00
  • Total SQFT Source: Estimated
  • Floors In Unit Count: 1
  • Elevators Count: 5
  • Main Entrance Orientation: West
  • Construction Materials: Masonry
  • Roof: Built-Up
  • Ext Main Mid-res: http://bright-media01.prd.brightmls.com/bright/images/0000/8045/1260/5606/804512605606_512_384_WM_iIVHUgnFisnYWF_U.jpg
  • Wall and Ceiling Types: 9'+ Ceilings, Dry Wall
  • Common Walls: 1 Common Wall
  • Flooring Type: Carpet, Ceramic Tile, Luxury Vinyl Plank
  • Foundation Details: Pillar/Post/Pier
  • Room and Floor: Bedrooms-Main Level-1, Bedrooms-Main Level-2, Bedrooms-Main Level-3, Bedrooms-Main Level-4, Bathrooms Full-Main Level-1, Bathrooms Full-Main Level-2, Bathrooms Full-Main Level-3, Bathrooms Full-Main Level-4
  • # Bathrooms Full: 4
  • Other Structure: Above Grade, Below Grade
Lot / Land Information
Lot / Land Information
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Location Type: Oceanfront
  • Parcel ID: 5837041
Parking
Parking
  • Type Of Parking: Parking Garage, Off Street, Parking Lot
  • Parking Garage - # of Spaces: 3
  • Total Garage Spaces: 3
  • Parking Features: Electric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Parking, Permit Included, Surface, Unassigned
  • Garage Features: Covered Parking
Interior Features
Interior Features
  • Interior Features: Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Floor Plan - Open, Sprinkler System, Walk-in Closet(s), Crown Moldings, Carpet, Dining Area, Kitchen - Island, Window Treatments
  • Fireplace: No
  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Icemaker, Oven/Range - Electric, Washer
  • Accessibility Features: None
  • Security Features: Sprinkler System - Indoor
  • Door Features: Insulated
  • Window Features: Insulated, Screens
  • Laundry Type: Dryer In Unit, Washer In Unit
Exterior Features
Exterior Features
  • Exterior Features: Exterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler
  • Outdoor Living Structures: Balcony
  • Pool: Yes - Community
  • Community Pool Features: Heated, Indoor, In Ground
Utilities
Utilities
  • Utilities: Cable TV, Electric Available
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: Circuit Breakers
  • Internet Services: Cable
Confidential Data
Listing Office
  • List Agent AOR: Coastal Association of REALTORS (MD)
  • List Agent URL: www.GrantF.com

Property History for 2 48th Street, Unit 1612

DateEvent & SourcePriceAppreciation
Feb 18, 2026

Active Under Contract

BRIGHT #MDWO2035748

—
Feb 13, 2026

Listed (Active)

BRIGHT #MDWO2035748

$2,179,000—
Jul 12, 2025

Withdrawn

BRIGHT #MDWO2031922

—
Jul 12, 2025

Listed (Active)

BRIGHT #MDWO2031922

$2,290,000—
Dec 22, 2024

Expired

BRIGHT #MDWO2006162

—
Aug 26, 2022

Expired

BRIGHT #MDWO2001918

—
Jul 1, 2022

Temp Off Market

BRIGHT #MDWO2006162

—
Mar 16, 2022

Price Change

BRIGHT #MDWO2006162

$2,350,000—
Mar 15, 2022

Price Change

BRIGHT #MDWO2006162

$2,250,000—
Mar 2, 2022

Listed (Active)

BRIGHT #MDWO2006162

$2,200,000—
Jan 20, 2022

Withdrawn

BRIGHT #MDWO2001918

—
Aug 28, 2021

Listed (Active)

BRIGHT #MDWO2001918

$2,200,000—
Sep 29, 2017

Closed (Public Record)

Public Record #609970855

$1,290,000—
Sep 29, 2017

Closed

BRIGHT #1000516812

$1,290,000—
Aug 4, 2017

Pending

BRIGHT #1000516812

—
May 10, 2017

Listed (Active)

BRIGHT #1000516812

$1,499,000—
DateEvent & SourcePrice
02/18/2026

Active Under Contract

BRIGHT #MDWO2035748

—
02/13/2026

Listed (Active)

BRIGHT #MDWO2035748

$2,179,000
07/12/2025

Withdrawn

BRIGHT #MDWO2031922

—
07/12/2025

Listed (Active)

BRIGHT #MDWO2031922

$2,290,000
12/22/2024

Expired

BRIGHT #MDWO2006162

—
08/26/2022

Expired

BRIGHT #MDWO2001918

—
07/01/2022

Temp Off Market

BRIGHT #MDWO2006162

—
03/16/2022

Price Change

BRIGHT #MDWO2006162

$2,350,000
03/15/2022

Price Change

BRIGHT #MDWO2006162

$2,250,000
03/02/2022

Listed (Active)

BRIGHT #MDWO2006162

$2,200,000
01/20/2022

Withdrawn

BRIGHT #MDWO2001918

—
08/28/2021

Listed (Active)

BRIGHT #MDWO2001918

$2,200,000
09/29/2017

Closed (Public Record)

Public Record #609970855

$1,290,000
09/29/2017

Closed

BRIGHT #1000516812

$1,290,000
08/04/2017

Pending

BRIGHT #1000516812

—
05/10/2017

Listed (Active)

BRIGHT #1000516812

$1,499,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2 48th Street, Unit 1612

Taxable ValueLand-Additions-Total-
Tax Record2023$17,306 ($1,442 / month)
Home Facts
Beds0Baths3Total Finished SqFt2,184 SqFtAbove Grade Finished SqFt2,184 SqFtStyleCondominiumYear Built2008CountyWORCESTERAPN10-765315

Schools near 2 48th Street, Unit 1612

This home is within Worcester County Public Schools.
Rating
School
Type
Grades
Distance
Ocean City Elementary School
Public - PK to 4
Berlin Intermediate School
Public - 5 to 6
Stephen Decatur Middle School
Public - 7 to 8
Stephen Decatur High School
Public - 9 to 12
Rating
School
Distance
Ocean City Elementary School
PublicPK to 4

Berlin Intermediate School
Public5 to 6

Stephen Decatur Middle School
Public7 to 8

Stephen Decatur High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Keller Williams Realty Delmarva

© 2026 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 02/19/2026 09:40 AM