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2 48TH STREET #402 photograph
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For sale

$1,050,000

2 48TH STREET #402

Ocean City, MD 21842

3 Beds · 3 Baths · 1,790 SF · Electric Vehicle Charging Station(s), Unassigned, Lighted, Secured, Garage, Parking Lot, Covered, Attached

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The condo

Unit-level detail as reported in the listing record.

Year built
2008
Ownership style
Condominium
Balcony
Balcony
Patio / terrace
Balcony
Garage
Covered Parking
Garage spaces
2
Parking spaces
2
Flooring
Carpet, Ceramic Tile
Heating
Electric, Central
Cooling
Central Air, Ceiling Fan(s), Electric
Accessibility features
Therapeutic Whirlpool
Furnished
Furnished
Appliances & features
Electric Range, Electric Oven, Electric Water Heater, Washer, Dishwasher, Disposal, Dryer, Freezer, Refrigerator, Microwave
Water
Public
Sewer
Public Sewer
Construction
Concrete, Metal Siding

MLS reported

3-bedroom condo with 3 baths, 1,790 sq ft and electric vehicle charging station(s), unassigned, lighted, secured, garage, parking lot, covered, attached.

What it costs

Estimated total monthly condo cost, including the association fee, taxes, insurance and mortgage assumptions you choose.

Estimated Monthly Condo Cost
$7,132/mo
Mortgage (principal & interest)
$5,309
Property taxes
$840
Insurance
Not supplied
Monthly condominium fee
$982/mo equivalent

insurance is not supplied for this condo, so it is not included above.

Based on 20% down · 30-year loan · 6.5% assumed rate (not a quote — enter your own below)

Living here

Parking, pets, utilities and amenities exactly as the listing record reports them.

Parking
Electric Vehicle Charging Station(s), Unassigned, Lighted, Secured, Garage, Parking Lot, Covered, Attached
MLS reported
Pets
Cats OK, Dogs OK, Number Limit, Yes
MLS listing reported — confirm with the association
Association / project
2 48TH STREET
MLS reported
What the fee includes
Water included · MLS reported
MLS reported
Utilities
Public · Public Sewer
MLS reported

Amenities

  • Fitness Center
  • Game Room
  • Meeting Room
  • Party Room
  • Elevator(s)
  • Elevator
  • Swimming pool — Community

MLS reported

The building

What you are buying into at the building level.

2 48TH STREET

HSM does not yet hold verified building intelligence for this address.

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The association

Project and association detail HSM can attribute to the listing record. Anything unverified is stated as such rather than assumed.

Condominium / project name
2 48TH STREET
MLS reported
Stories
17
MLS reported
Parking
Electric Vehicle Charging Station(s), Unassigned, Lighted, Secured, Garage, Parking Lot, Covered, Attached
MLS reported
Recurring fee covers
Water included · MLS reported
MLS reported

Ownership considerations

What owning this condo involves — ongoing costs, association rules and building policies. Where HSM does not have verified information, that is stated rather than assumed.

Known

Monthly condominium fee
$982/mo
What the fee includes
Water
Parking
Electric Vehicle Charging Station(s), Unassigned, Lighted, Secured, Garage, Parking Lot, Covered, Attached

Needs verification

Special assessments
Not supplied
Association reserves
Not supplied
Pet policy
Not supplied
Rental / leasing policy
Not supplied

The neighborhood

Ocean City, MD

Smart Condo Living

What living here is actually like

Transit

Rail, Metro and bus access.

Not yet independently sourced.
Dining

Restaurants and cafés nearby.

Not yet independently sourced.
Walkability

Everyday destinations on foot.

Not yet independently sourced.
Amenities

Building and community amenities.

Fitness Center, Game Room, Meeting Room, Party Room · MLS reported
Convenience

Groceries, services and daily needs.

Not yet independently sourced.

Each factor is shown with its source. Unsourced factors are marked, never estimated.

Similar condos

3 comparable condos selected using property, cost, building and location factors.

Why this condo stands out

  • Lower condo fee than comparable condos

    $982/mo vs $1,257/mo average

Ask HSM about this condo

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Listing description

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 new carpet, 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, $49,044.24 in 2024 and $45,767.40 in 2025.

Attribution. Keller Williams Realty Delmarva · — · Updated 2026-10-02

Property information is deemed reliable but not guaranteed. Independently verify all details. Display does not create a brokerage relationship.

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