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For more information on this property, contact Joanna Laslo at 4106290224 or

2 48Th Street 1512
Ocean City, Maryland MD 21842-6495
Sold For: $2,200,000
Listing ID MDWO2010866
Sold Date 11/30/2022
Bedrooms 4
Full Baths 4
Total Baths 4
Price/SqFt $947.05
SqFt 2,323
Year Built 2008

Property Description:

Rarely available terrace collection residence in The Gateway Grand is coming to market soon! Located directly on the oceanfront on the 15th floor, the panoramic views span from the bay to the ocean and are absolutely spectacular! The huge paver terrace allows outdoor access from two bedrooms and the living room. This oversized 1-level condominium includes 4 bedrooms and 4 full bathrooms, a luxury that only two properties in the complex provide. Sold fully furnished for your convenience the interior and exterior spaces were professionally designed and furnished with a timeless classic coastal theme. Never rented by its current original owners, but could easily be converted to a investment property and produce a high level of income due to its unique properties. This property was originally constructed with the highest standards, and includes firewalls between each unit, an Alucobond aluminum exterior skin structure, high-efficiency water-source heating and cooling systems, oversized base and crown molding, and an all Marble primary bathroom. The Gateway Grand offers the finest in beach luxury living., featuring a heated indoor and outdoor pool, state of the art fitness center, private owners lounges, on-site property management, gated parking garage, kids club, and so much more. You'll want to make sure you don't miss this opportunity. Ground floor deeded storage locker #80 conveys with residence.

Primary Features

County: Worcester
Price/SqFt: 947.05
Property Sub Type: Unit/Flat/Apartment
Property Type: Residential
Year Built: 2008


Above Grade Finished Area Units: Square Feet
Above Grade Finished SqFt Source: Estimated
Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Icemaker, Oven/Range - Electric, Refrigerator, Washer
Basement: no
Bathrooms Count Main Level: 4
Bathrooms Full Main Level: 4
Bedrooms Count Main Level: 4
Below Grade Finished Area Units: Square Feet
Below Grade Finished SqFt Source: Assessor
Below Grade Unfinished Area Units: Square Feet
Below Grade Unfinished SqFt Source: Assessor
Central Air: yes
Common Walls: 1 Common Wall
Cooling Type: Central A/C
Fireplace: no
Flooring Type: Carpet, Ceramic Tile
Heating: yes
Heating Type: Heat Pump(s)
Interior Features: Ceiling Fan(s), Carpet, Combination Dining/Living, Combination Kitchen/Dining, Crown Moldings, Dining Area, Entry Level Bedroom, Floor Plan - Open, Primary Bath(s), Soaking Tub, Sprinkler System, Tub Shower, WhirlPool/HotTub, Window Treatments
Laundry Type: Dryer In Unit, Washer In Unit
Levels Count: 1
Living Area SqFt Source: Estimated
Total Below Grade SqFt Source: Assessor
Total SqFt: 2323
Total SqFt Source: Estimated
Unit Building Type: Hi-Rise 9+ Floors
Wall & Ceiling Types: Dry Wall


Architectural Style: Unit/Flat
Building Units Total: 1
Community Pool Features: In Ground, Indoor, Heated
Construction Materials: Concrete, Metal Siding
Cooling Fuel: Electric
Door Features: Insulated, Sliding Glass
Electric Service: Circuit Breakers
Exterior Features: Exterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler
Federal Flood Zone: X
Foundation Details: Pillar/Post/Pier
Garage: yes
Garage Features: Covered Parking
Garage Spaces Count: 3
Heating Fuel: Electric
Horses: no
Hot Water: Electric
Lot Dimensions Source: Assessor
Lot Size Dimensions: 0.00 x 0.00
Main Entrance Orientation: West
Navigable Water: no
New Construction: no
Number of Attached Garage Spaces: 3
Other Structures: Above Grade, Below Grade
Outdoor Living Structures: Balcony, Wrap Around
Parking Features: Electric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Driveway, Secure Parking, Surface, Unassigned
Pool: Yes - Community
Roof: Flat
Sewer Septic: Private Sewer, Public Septic
Tidal Water: no
Total Garage and Parking Spaces: 3
Type of Parking: Attached Garage, Parking Lot
Utilities: Cable TV Available, Electric Available
Water Access: no
Water Body Type: Ocean
Water Oriented: yes
Water Source: Public
Water View: yes
Window Features: Insulated, Screens


Building Name: Gateway Grand
Condo/Co-op Association: yes
Country: US
HOA: no
In City Limits: yes
Location Type: Oceanfront
MLS Area: Direct Oceanfront (80)
Municipality: Ocean City
School District Source: Listing Agent
Senior Community: no
Transportation: Bus Stop less than 1 mile
View Type: City, Ocean, Bay
Waterfront: no


Accessibility Features: None
Builder Model: AC
Builder Name: Bovis Lendlease
Days on Market: 2
HOA/Condo/Co-op Amenities: Common Grounds, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Swimming Pool
Land Use Code: U
Municipal Trash: yes
Property Condition: Excellent
Property Manager: Y
Story List: Main
Year Assessed: 2022
Year Built Source: Assessor


Acceptable Financing: Cash, Conventional
Association Recreation Fee: N
Automatically Update Tax Values: no
Buyer Financing: Cash
Capital Contribution Fee: 3171
Condo/Co-op Fee: 1057
Condo/Co-op Fee Frequency: Monthly
Condo/Co-op Name: Gateway Grand
Exclusions: All contents of kitchen and all personal items in drawers and closets
Ground Rent Exists: no
HOA/Condo/Co-op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Health Club, Insurance, Management, Pool(s), Reserve Funds, Water
Inclusions: Fully Furnished
Lease Considered: no
Other Fees: 80
Other Fees Frequency: One Time
Ownership Interest: Condominium
Possession: Settlement
Riparian Rights: no
Sale Type: Standard
Tax Annual Amount: 20934
Tax Assessed Value: 1485100
Tax Lot: 1512
Tax Total Finished SqFt: 2184
Tax Year: 2022
Vacation Rental: no

Zoning Info

Area Info

Listing courtesy of Keller Williams Realty Delmarva (410) 524-6400

© 2023 Bright MLS. All rights reserved. Information Deemed Reliable, but 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 consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Keller Williams Realty Delmarva. Data last updated on Tuesday, February 7th, 2023 10:51:07 PM.

Contact - Listing ID MDWO2010866

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Joanna Laslo

306 N Main St
Berlin, MD 21811
Phone: 4106290224
Phone Alt: 443-497-3749
Fax: 410-629-0228

Data services provided by IDX Broker