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$1,129,000   Price Analysis
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2 48th St Unit 703
Ocean City, MD 21842
3 bed 3 bath 1,790 SqFt ($630/SqFt)
Built 2008
Listed 2024-05-10, HOA $922, Taxes $10,744
Ⓧ USDA Ineligible
due to price & location

near Cape Isle of Wight

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 big 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 t 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 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.


Presented by Jonathan M Barker at
Keller Williams Realty Delmarva.
Listing Agent Photo

Property MLS #MDWO2020868 from BrightMLS

Bedrooms: 3

Total Bathrooms: 3
Full Bathrooms: 3

Built-In Microwave
Dishwasher
Disposal
Dryer
Freezer
Oven/Range - Electric
Refrigerator
Washer
Washer Dryer Hookup: Yes

Cooling Features: Central A/C
Heating Features: Central
Heating: Yes

Waterfront
Waterfront Feet: 20

Garage Spaces: 2
Garage Features: Covered Parking
Parking Features: Electric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Driveway, Secure Parking, Surface, Unassigned, Attached Garage Spaces: 2, Attached Garage, Parking Lot
Parking Total: 2

View: Bay, City, Ocean

Association: No
Association Fee: 922
Association Fee Frequency: Monthly
Calculated Total Monthly Association Fees: 922

Number of Units: 1

School District: WORCESTER COUNTY PUBLIC SCHOOLS

Ocean City Elementary School is a public elementary school located approximately 2.8 miles away.
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Stephen Decatur High School is a public high school located approximately 7 miles away.
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Stephen Decatur Middle School is a public middle school located approximately 7.1 miles away.
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Seaside Christian Academy is a private elementary, middle and high school located approximately 3.1 miles away.
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Municipality: Ocean City
Annual Tax Amount: 9071.0
Source Listing Status: Active
County: WORCESTER
Disclaimer: Standard
Ownership: Condominium
Source Property Type: Residential
Area: WORCESTER
Property Subtype: condo
Postal Code Plus 4: 6495
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2024$193,100 + $450,400
$643,500
$10,744
2022$193,100 + $450,400
$643,500
$9,043
2021$193,100 + $450,400
$643,500
$9,093
2020$193,100 + $450,400
$643,500
$9,092
2019$193,100 + $450,400
$643,500
$9,154
2018$193,100 + $450,400
$643,500
$9,090
2017$193,100 + $450,400
$643,500
$9,090
2016$unknown + $unknown
$629,733
$8,940
2015$unknown + $unknown
$615,967
$8,777
2014$180,700 + $421,500
$602,200
$8,144
2013$unknown + $unknown
$588,100
$7,962
2012$unknown + $unknown
$574,000
$7,694
2011$unknown + $unknown
$559,900
$6,718
2010$unknown + $unknown
$559,900
$6,718
2009$unknown + $unknown
$633,600
$5,100

Listed 2024-05-10
$1,129,000
BrightMLS
Listing removed 2024-05-10
$0
BrightMLS
Price Changed 2024-01-14
$1,149,000
BrightMLS
Price Changed 2023-10-10
$1,179,000
BrightMLS
Listed 2023-10-09
$1,279,000
BrightMLS
Sold 2010-06-01
$690,900
Public Record

Total Square Feet Living: 1650
Year Built: 2008
Above Grade Finished Area: 1790
Building Name: Gateway Grand
Construction Materials: Concrete, Metal Siding
Property Age: 16
Levels or Stories: 1
Structure Type: Unit/Flat/Apartment
House Style: Unit/Flat
Total Area Sqft: 1790
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.