Tour
$10,000 Closing Credit¹
#MDWO2026410, Jonathan M Barker, Listing Office: Keller Williams Realty Delmarva
$1,099,000 List price
2 48th St Unit 201 Ocean City, MD 21842
$10,000
Closing credit¹
4 beds
3 full
2,385 sqft
$461 / sqft
Condo
Property details
About 2 48th St Unit 201
This 2385 square foot 4 Bedroom 3 Bathroom Residence at the Gateway Grand is a must see! One of the most impressive parts of this condominium is the oversized living room, which is one of the largest in the building. The residence features two balconies, one of which is accessible from each bedroom and the very large living room. You will appreciate the southern exposure location which provides an abundance of natural light and warmth. Many upgrades were completed in 2021 and they are still shining 4 years later. The interior of the condominium was completely repainted to include the kitchen cabinets and island. New designer appliances were also installed along with a custom tile backsplash at this time. All TVs were upgraded along with the wall art and living room sectional sofa as well. The area rugs were updated and the dining room chairs were reupholstered. In the bedrooms all linens and comforters were replaced. The Gateway Grand is one of Ocean City's newest and most spectacular luxury condominium building featuring an abundance of amenities including a heated indoor and outdoor pool, state of the art fitness center, private owners lounges, on-site property management, on-site maintenance team, gated parking garage, kids club, and so much more. Ground floor deeded storage locker #39 conveys with residence. The property is currently owner occupied, but is easy to show with notice.
Highlights
Home typeCondominium
HeatingHeat Pump
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air
Size2,385 sqft
Year built2008
ParkingCovered Parking, Electric Vehicle Charging Station(s),Handicap Parking,Lighted Parking,Paved Driveway,Secure Parking,Surface,Unassigned, Attached Garage,Parking Lot
MLS #MDWO2029134
Garage3 spaces
ViewCity, Ocean
Virtual tour
Summary
- Full Bathrooms: 3
- Appliances: Microwave, Dishwasher, Disposal, Dryer, Ice Maker, Oven, Electric Range, Refrigerator, Washer
- Basement: No
- Flooring Type: Carpet, Ceramic Tile
- Interior: Ceiling Fan(s), Carpet, Combination Dining/Living, Combination Kitchen/Dining, Crown Moldings, Dining Area, Entry Level Bedroom, Floor Plan - Open, Primary Bath(s), Bathroom - Soaking Tub, Sprinkler System, Bathroom - Tub Shower, WhirlPool/HotTub, Window Treatments
- Total Bedroom Count: 4
- Garage Space: 3 spaces
- Parking: Covered Parking, Electric Vehicle Charging Station(s),Handicap Parking,Lighted Parking,Paved Driveway,Secure Parking,Surface,Unassigned, Attached Garage,Parking Lot
- View: City, Ocean
- Exterior: Exterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler
- Architectural Style: Unit/Flat
- Heating: Heat Pump
- Cooling: Central Air
- List Price: $1,099,000
- Price/SqFt: $460
- Annual Tax Amount: $10,116
- Tax Year: 2024
- Directions: Coastal Highway to 48th Street; Ocean Front
- Year Built: 2008
- Stories: 1
- Living Area: 2,385 SqFt
- Municipality: Ocean City
- MLS Number: MDWO2029134
- MLS Name: BRIGHT
- Office Name: Keller Williams Realty Delmarva
- Office Phone: (410) 524-6400
- Office Email: lwbunting@comcast.net
- Listing Agent: Jonathan M Barker
- Agent Phone: (410) 935-3810
- Agent Email: jon@markf.com
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/16/2025, 8:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,099,000
2 48th St Unit 201
$10,000
closing credit¹
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Seller rebate
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 11, 2021 | Home Sold | $860,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $755,967 | $10,116 |
| 2023 | $717,700 | $10,116 |
| 2022 | $717,700 | $10,141 |
| 2021 | $717,700 | $10,141 |
| 2020 | $717,700 | $10,140 |
| 2019 | $717,700 | $10,210 |
| 2018 | $717,700 | $10,138 |
| 2017 | $731,200 | $10,328 |
History based on county public records data.
Nearby schools
10
Ocean City Elementary School
Public District PK-4
2.7 mi
•12828 Center Dr
9
Showell Elementary School
Public District PK-3
6.7 mi
•11318 Showell School Rd
8
Berlin Intermediate School
Public District 4-6
8.2 mi
•309 Franklin Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,474. Typical income of Ocean City, MD residents is between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
34%
<35k
43%
35k-100k
17%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
63%
Single, No Kids
6%
Single, with Kids
28%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
3%
12-17 yrs old
17%
18-34 yrs old
43%
35-64 yrs old
33%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Figure Skating
Skiing/snowboarding
Where do the neighbors shop?
Stein Mart
Kmart
BJs Wholesale Club
Where do the neighbors go to eat?
Cracker Barrel
Bob Evans
Panera
What do the neighbors drive?
Lexus
Buick
Infiniti
What do the neighbors listen to?
Oldies
Adult Hits
News/Talk/Information
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Ocean City, MD
Transportation in Ocean City is well-suited to the needs of both residents and tourists. The town features a public bus service that runs along the Coastal Highway, providing convenient access to various points of interest. The area is also bike-friendly, with several bike paths and lanes available for those who prefer to cycle. For drivers, the city is easily navigable with well-maintained roads and highways connecting to nearby cities and attractions. While specific ride-sharing statistics are not mentioned, such services are commonly used by visitors and locals alike.
The community is served by a range of essential services, including public schools that cater to residents and the seasonal influx of families. Healthcare is accessible through local clinics and urgent care centers, ensuring medical needs are met promptly. Ocean City also boasts a variety of retail shops and dining options, from casual eateries to fine dining, many of which showcase the local seafood cuisine. The town is proactive in maintaining and enhancing its services to accommodate both its permanent population and seasonal visitors.
Ocean City is celebrated for its vibrant boardwalk, pristine beaches, and family-friendly atmosphere. The community prides itself on being a premier resort town, with numerous events throughout the year, including the famous Ocean City Air Show and the Sunfest music and arts festival. The town's character is shaped by its coastal environment, offering a relaxed lifestyle with a focus on outdoor recreation and water-based activities.
Ocean City's housing market is diverse, offering a mix of residential options that cater to a range of preferences. The area is known for its beachfront condominiums, which make up a significant portion of the housing stock, providing residents with scenic views and easy access to the beach. Single-family homes are also available, featuring styles from classic beach cottages to contemporary designs. The market is characterized by a mix of both year-round and seasonal properties, reflecting the city's popularity as a vacation destination.
About 2 48th St Unit 201
The listing price of 2 48th St Unit 201 property is $1,099,000.
The property 2 48th St Unit 201 is a condo located in Ocean City, Maryland, 21842.
Active Listing: 2 48th St Unit 201 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2 48th St Unit 201 are: Ocean City Elementary School (GreatSchools Rating 10/10), Showell Elementary School (GreatSchools Rating 9/10), Berlin Intermediate School (GreatSchools Rating 8/10), Stephen Decatur Middle School (GreatSchools Rating 10/10), Selbyville Middle School (GreatSchools Rating 5/10), Southern Delaware School of the Arts (GreatSchools Rating 8/10), Stephen Decatur High School (GreatSchools Rating 5/10), Indian River High School (GreatSchools Rating 5/10), Snow Hill High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $10,116 (source: MLS/based on county public records data).
The last sale was on June 11, 2021 for $860,000 (source: MLS/tax record).
The property at 2 48th St Unit 201 has 4 bedrooms and 3 bathrooms.
The property 2 48th St Unit 201 is 2,385 SqFt (source: MLS/tax record).
The year of construction for 2 48th St Unit 201 is 2008.
This home is located at 2 48th St Unit 201 in Ocean City, MD and zip code 21842. This 2,385 square foot home was built in 2008. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 5, 2025 and is currently priced at $1,099,000.
The number of homes for sale in Ocean City, MD increased by 30.2% between March and April 2025. In April 2025 median list price was $468,160 and the average listing age was 100 days.
From Rocket Homes Real Estate and based on county public records data.