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2 48th St Unit 402 , Ocean City, MD 21842
$1,050,000
Est. Payment: $5,588.54/mo
3 Bed
3 Bath
1790 Sqft
Status: active | Days on site: 30
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KWBCH62 - 3255748,3255914
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House Description

Fantastic opportunity to own in the luxurious Gateway Grand complex in Ocean City, MD. This 3 bedroom 3 bath residence has been recently upgraded with new carpet, fresh wall paint, and a custom tile backsplash. The A-style floorplan offers guest privacy with each bedroom having an attached bathroom. The primary bedroom accesses the outdoor balcony and features ocean views. Step out onto the balcony each morning to watch the everchanging sunrise over the Atlantic Ocean. The Gateway Grand is an amenity rich building offering heating indoor and outdoor pools, a 24/7 fitness center, a kid's club room with video games and board games, conditioned beach storage, multiple owner's lounges, on-site management, on-site maintenance, and on-site security in the evenings. Residence 402 has access to two parking spaces in the controlled access parking garage, which now features 7 electric car chargers. The Gateway Grand will allow you to relax and enjoy your time at the beach without a care or worry. Deeded storage locker #185 conveys with this residence. This residence was in the rental program with Central Reservations and grossed nearly $47,000 in 2022 and $43,500 in 2023, $49,044.24 in 2024 and $45,767.40 in 2025.

Highlights

Listed by Grant K Fritschle , 4104305880 and Jonathan M Barker , 4109353810 Keller Williams Realty Delmarva , 4105246400. Bright MLS

Property Type

Condo

Year Built

2008

County

Worcester

Area

Oceanfront Indirect View (81)

Neighborhood

None Available

School District

Worcester County Public Schools

Listing ID

MDWO2041670

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Appliances:Built-In Microwave, Dishwasher, Disposal, Dryer, Freezer, Oven/Range - Electric, Refrigerator, Washer
Air Cond:Central A/C
Fireplaces:
Floor:Carpet,Ceramic Tile
Above Ground Sq Ft:1790
Other:
  • ▪ Main Floor Bedrooms:3
  • ▪ Additional:Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Crown Moldings, Dining Area, Entry Level Bedroom, Flat, Floor Plan - Open, Pantry, Primary Bath(s), Recessed Lighting, Bathroom - Soaking Tub, Sprinkler System, Bathroom - Tub Shower, Upgraded Countertops, Walk-in Closet(s), WhirlPool/HotTub, Window Treatments, Cats OK, Dogs OK, Number Limit, Pets Allowed
Water:Public

Exterior Features

Lot:Premium,Not New Construction,Horse Property: No,In City Limits
Lot Dimensions:0.00 x 0.00
Garage Capacity:2
Zoning:Residential Condominium
Roof:Flat
Others:
  • ▪ Additional:Exterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler, Excellent, Common Grounds, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Swimming Pool, Common Area Maintenance, Ext Bldg Maint, Health Club, Insurance, Management, Pool(s), Reserve Funds, Water
Sewer:Public Sewer
Parking Features:Electric Vehicle Charging Station(s),Handicap Parking,Lighted Parking,Paved Driveway,Secure Parking,Surface,Unassigned,Covered Parking,Attached Garage,Parking Lot,2+ Spaces,1+ Spaces
Principal Interest
$5,589
Taxes
$840

Home Price

$1,050,000

Loan Details

30 yrs
7%

Down Payment

20%
$210,000
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Monthly Price:
$5,588.54

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $5,588.54 $840.33 $982.00 $7,410.87
Yearly $67,062.49 $10,084.00 $11,784.00 $88,930.49
Total $2,011,874.75 $302,520.00 $353,520.00 $2,667,914.75
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Ocean City, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS