$ 1,099,000
-
$1,099,000
Price -
3
Bed -
3
Bath -
1,790
SqFt
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About the Listing KWBCH62 - 3255914,3255748
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 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 and $49,044.24 in 2024. Some weeks were blocked in 2023 for owner use and it could produce more income if so desired by the new owners. Buyers to honor 2025 rentals.
Listing Highlights for 2 48th St Unit 402
Status
Active
Days on Site
324
Property Type
Condo
MLS ®
MDWO2026410
Year Built
2008
Total Square Footage
1,790
Lot/Acreage
0.00 x 0.00
County
Worcester
Building Name
Gateway Grand
Neighborhood
None Available
HOA Dues
949/Monthly
School District
Worcester County Public Schools
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Freezer, Oven/Range - Electric, Refrigerator, Washer
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor: Carpet,Ceramic Tile
- Above Ground Sq Ft: 1790
- Below Ground Sq Ft: 0
- Basement:
- Other: 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,Main Floor Bedrooms: 3
- Water: Public
Exterior Details
- Lot Description: Premium,Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: 2 car
- Parking Spaces: 2
- Lot Dimensions: 0.00 x 0.00
- Zoning: Residential Condominium
- Roof: Flat
- Others: 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
Financial Details
- Tax Amount: $10,084
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
2 48th St Unit 402 Ocean City, MD 21842
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