2 48th Street, Unit 703

Ocean City, MD 21842

$1,149,000
Price
3
Beds
3
Baths
1,790 Sq. Ft.
$642 / Sq. Ft.
1,790
Sq. Ft.
$642
per Sq. Ft.

Description

The Gateway Grand #703 - A Luxurious Oceanfront Residence
Nestled high above the surrounding properties, on the 7th floor of The Gateway Grand, #703 is a meticulously maintained 3-bedroom residence that epitomizes luxury living in Ocean City. This exquisite property boasts a spacious and open floorplan, providing an inviting ambiance and an abundance of natural light. One of its most striking features is the breathtaking southern-exposure panoramic views that grace this home. From its private balcony,
...The Gateway Grand #703 - A Luxurious Oceanfront Residence

Nestled high above the surrounding properties, on the 7th floor of The Gateway Grand, #703 is a meticulously maintained 3-bedroom residence that epitomizes luxury living in Ocean City. This exquisite property boasts a spacious and open floorplan, providing an inviting ambiance and an abundance of natural light. One of its most striking features is the breathtaking southern-exposure panoramic views that grace this home. From its private balcony, residents and guests can revel in stunning vistas of the city skyline, the serene ocean, and the tranquil bay, making every moment a visual delight. Sunrise to Sunset this residence provides some of the most captivating views in the city. This residence has been lovingly cared for, with attention to detail evident in every corner. The living spaces are thoughtfully designed, offering both comfort and elegance. Whether you're enjoying a meal in the gourmet kitchen, lounging in the living room, or retiring to one of the three cozy bedrooms, you'll be enveloped in luxury. The Gateway Grand itself is Ocean City's pinnacle of oceanfront living. With its impeccable amenities and prime location, it offers residents a lifestyle of convenience and sophistication. From the elegant lobby to the direct beach access, the heated indoor pool, or the state-of-art fitness center, every aspect of this building is designed to cater to the desires of discerning homeowners. In summary, The Gateway Grand #703 is not just a residence; it's a sanctuary where you can indulge in the finest coastal living. Whether you're captivated by the ocean's waves, the city's charm, or the bay's tranquility, this property presents a unique opportunity to savor it all in one stunning package. Deeded mezzanine storage locker 143 conveys with residence. Buyer to honor any booked rentals for 2024.
  1. Listed by Grant K Fritschle • Keller Williams Realty Delmarva
    P: 4104305880 grant@grantf.com
  2. Listed by Jonathan M Barker • Keller Williams Realty Delmarva
    P: 4109353810 jon@markf.com

Property Details for 2 48th Street, Unit 703

Tax ID Number
2410764084
Ownership
Condominium
Condo Coop Association
Yes
HOA
No
Entry Floor Number
7
Structure Type
Unit/Flat/Apartment
Style
Unit/Flat
Levels/Stories
1

Location

Listing Courtesy of Keller Williams Realty Delmarva
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LISTING UPDATED: 04/18/2024 07:17 PM

Property Details for 2 48th Street, Unit 703

StatusActive
MLS #MDWO2016920
Days on Market201
Taxes$9,071 / year
HOA Fees-
Condo/Co-op Fees$922 / month
Compass TypeCondo
MLS TypeResidential / Condo
Year Built2008
CountyWorcester County

Building

Gateway Grand

196 Units2 StoriesBuilt in 2008

Location

Listing Courtesy of Keller Williams Realty Delmarva
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Virtual Tour

Building Information for 2 48th Street, Unit 703

Building/ComplexGateway GrandFloor-Stories2Residences196Pet Policy-Year Built2008

Payment Calculator

$7,948 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,271

Property Taxes

$756

HOA Dues

$922

The Payment Calculator is for illustrative purposes only.

Property Information for 2 48th Street, Unit 703

Location
Location
  • In City Limits: Yes
  • Transportation: Bus Stop less than 1 mile
  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District County ID: 121138066543
  • SchoolDistrictSource: Listing Agent
  • County: WORCESTER
  • MLS Area: Oceanfront Indirect View (81)
  • OC Cross Street: 48
Waterfront / Water Access
Waterfront / Water Access
  • Water View: Yes
  • Water Access: Yes
  • Water Access Features: Public Beach
  • Water Oriented: Yes
  • Navigable Water: Yes
  • Tidal Water: Yes
  • Water Body Name: Atlantic
  • Water Body Type: Ocean
  • Water Frontage In Feet: 20.0
  • Riparian Rights Y/N: No
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, 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
  • Property Manager Y/N: Yes
  • Other Fees: $830
  • Other Fees Frequency: One Time
  • Senior Community: No
  • Capital Contribution Amount: $2,766
  • Type of Condo: Condo/Coop Association
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $643,500
  • Year Assessed: 2023
  • County Tax: $5,438
  • City Town Tax: $2,912
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: U
  • Zoning: RESIDENTIAL
  • Zoning Dscrp: Residential Condominium
  • Tax Lot: 703
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Pets Allowed: Yes
  • Pet Restrictions: Cats OK, Dogs OK, Number Limit
Rooms
Main
  • # Bedrooms Count Main Level: 3
  • # Bathrooms Count Main Level: 3
  • # Bathrooms Full Main Level: 3
Rooms
  • Stories: Main
Building Info
Building Info
  • Builder Name: Bovis Lendlease
  • Building Level Count: 17
  • Building Units Total: 1
  • Total Finished SQFT: 1,790.00
  • Total Finished SQFT Source: Estimated
  • Tax Total Finished SQFT: 1,650.00
  • Total SQFT: 1,790.00
  • Total SQFT Source: Estimated
  • Floors In Unit Count: 1
  • Elevators Count: 5
  • Main Entrance Orientation: West
  • Construction Materials: Concrete, Metal Siding
  • Roof: Flat
  • Wall and Ceiling Types: Dry Wall
  • Common Walls: 2+ Common Walls
  • Flooring Type: Carpet, Ceramic Tile
  • Foundation Details: Pillar/Post/Pier
  • Room and Floor: Bedrooms-Main Level-1, Bedrooms-Main Level-2, Bedrooms-Main Level-3, Bathrooms Full-Main Level-1, Bathrooms Full-Main Level-2, Bathrooms Full-Main Level-3
  • # Bathrooms Full: 3
  • Other Structure: Above Grade, Below Grade
Lot / Land Information
Lot / Land Information
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Lot Features: Premium
  • Location Type: Oceanblock
  • Parcel ID: 5836929
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Attached Garage, Parking Lot
  • Num of Attached Garage Spaces: 2
  • Total Garage Spaces: 2
  • Parking Features: Electric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Driveway, Secure Parking, Surface, Unassigned
  • Garage Features: Covered Parking
Interior Features
Interior Features
  • Fireplace: No
  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Freezer, Oven/Range - Electric, Refrigerator, Washer
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
  • Horse: No
Utilities
Utilities
  • Utilities: Cable TV Available, Electric Available
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • 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 703

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2 48th Street, Unit 703

Taxable ValueLand$450,400Additions$193,100Total$643,500
Tax Record2023$9,071 ($756 / month)
Home Facts
Beds0Baths3Total Finished SqFt1,650 SqFtAbove Grade Finished SqFt1,650 SqFtStyleCondominiumYear Built2008CountyWORCESTERAPN10-764084

Schools near 2 48th Street, Unit 703

This home is within Worcester County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 6
Public - 7 to 8
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.

Similar Homes

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Similar Sold Homes

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2 48th Street, Unit 703 is a condo for sale in Ocean City, MD 21842. This property was listed for sale on October 9, 2023 by Keller Williams Realty Delmarva, it's currently listed at $1,149,000. It has been on the market for a total of 201 days and was last sold on May 28, 2010. This listing's school district is Worcester County Public Schools. Nearby schools include Ocean City Elementary School, Berlin Intermediate School and Stephen Decatur Middle School. 2 48th Street, Unit 703 is a 3-bed, 3-bath, 1,790 sqft condo built in 2008.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. 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

© 2024 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 04/18/2024 07:17 PM