Net Rental Income in 2024 was $50,527.36! 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 spacious 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 to 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 just 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.
Sold
$1,060,000
2 48th St UNIT 703, Ocean City, MD 21842
3beds
1,790sqft
Condominium
Built in 2008
-- sqft lot
$1,083,400 Zestimate®
$592/sqft
$922/mo HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: November 15, 2024 at 04:51am
Listed by:
Jonathan M Barker 410-935-3810,
Keller Williams Realty Delmarva,
Listing Team: The Fritschle Barker Group, Co-Listing Team: The Fritschle Barker Group,Co-Listing Agent: Grant K Fritschle 410-430-5880,
Keller Williams Realty Delmarva
Bought with:
Nicholas Bobenko, 595785
Coastal Life Realty Group LLC
Source: Bright MLS,MLS#: MDWO2020868

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 3
- Main level bedrooms: 3
Basement
- Area: 0
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Microwave, Dishwasher, Disposal, Dryer, Freezer, Oven/Range - Electric, Refrigerator, Washer, Electric Water Heater
- Laundry: Dryer In Unit, Washer In Unit, In Unit
Features
- Dry Wall
- Flooring: Carpet, Ceramic Tile
- Doors: Insulated, Sliding Glass
- Windows: Insulated Windows, Screens
- Has basement: No
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 1,790
- Total interior livable area: 1,790 sqft
- Finished area above ground: 1,790
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Covered, Electric Vehicle Charging Station(s), Handicap Parking, Lighted, Driveway, Secured, Surface, Unassigned, Attached, Parking Lot
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Exterior features: Lighting, Outdoor Shower, Sidewalks, Underground Lawn Sprinkler, Balcony
- Pool features: Community
- Has view: Yes
- View description: Bay, City, Ocean
- Has water view: Yes
- Water view: Bay,Ocean
- Waterfront features: Sandy Beach, Oceanblock, Ocean
- Body of water: Atlantic
- Frontage length: Water Frontage Ft: 20
Lot
- Features: Premium
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 2410764084
- Zoning: RESIDENTIAL
- Zoning description: Residential Condominium
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Concrete, Metal Siding
- Foundation: Pillar/Post/Pier
- Roof: Flat
Condition
- Excellent
- New construction: No
- Year built: 2008
Details
- Builder model: F
- Builder name: Bovis Lendlease
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Cable
Community & neighborhood
Community
- Community features: Pool
Location
- Region: Ocean City
- Subdivision: None Available
- Municipality: Ocean City
HOA & financial
HOA
- Has HOA: No
- Amenities included: Common Grounds, Elevator(s), Fitness Center, Game Room, Meeting Room, Party Room, Indoor Pool, Pool
- Services included: Common Area Maintenance, Maintenance Structure, Health Club, Insurance, Management, Pool(s), Reserve Funds, Water
- Association name: Gateway Grand
Other fees
- Condo and coop fee: $922 monthly
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Condominium
Services availability

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$1,083,400
2% more+ $21,668
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$1,105,068