$10,000 Closing Credit¹
#MDWO2027534, Anna Spann, Listing Office: Coldwell Banker Realty
$1,099,000 List price
2 48th St Unit 402 Ocean City, MD 21842
$10,000
Closing credit¹
3 beds
3 full
1,790 sqft
$614 / sqft
Condo
Property details
About 2 48th St Unit 402
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.
Highlights
Home typeCondominium
HeatingCentral
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air
Size1,790 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 #MDWO2026410
Garage2 spaces
ViewBay, City, Ocean
Virtual tour
Summary
- MLS Number: MDWO2026410
- 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: 3/15/2025, 4:20:50 AM 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 402
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 05, 2009 | Home Sold | $599,900 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $720,467 | $8,488 |
| 2023 | $602,200 | $8,488 |
| 2022 | $602,200 | $8,509 |
| 2021 | $602,200 | $8,509 |
| 2020 | $602,200 | $8,508 |
| 2019 | $602,200 | $8,566 |
| 2018 | $602,200 | $8,506 |
| 2017 | $602,200 | $8,506 |
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. The majority of Ocean City, MD residents have income between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
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
About 2 48th St Unit 402
This home is located at 2 48th St Unit 402 in Ocean City, MD and zip code 21842. This 1,790 square foot home was built in 2008. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 20, 2024 and is currently priced at $1,099,000.
In February 2025 more than 8 listings in Ocean City, MD were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 35 were sold below. Between January and February 2025, Ocean City, MD real estate market has seen increase in the number of listings by 25.2%. Listings spent 77 days on the market in February 2025, and had a median list price of $460,714 during the same period.
From Rocket Homes Real Estate and based on county public records data.