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2 48TH Street , #703

OCEAN CITY, MD 21842
  • $1,109,000
  • STATUS: Active
  • ON SITE: 152 Days
  • ID#: MDWO2020868
Open House
UPDATED: 8 min ago
$1,109,000
  • 3
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,790
    SQFT
  • $620
    $/SQFT
Neighborhood:
Type:
Condo
Built:
2008
County:

School Ratings & Info

Description

Net Rental Income in 2024 was $50,527.36! The Gateway Grand #703 - A Luxurious Oceanfront ResidenceNestled 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.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Asset Property Solutions, LLC. 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. Data last updated: 2024-10-10T12:54:45.143.
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2 48TH Street , #703 OCEAN CITY, MD 21842

  • Price: $1,109,000
  • Status: Active
  • On Site: 152 Days
  • Updated: 8 min ago
  • ID#: MDWO2020868
3
Beds
3
Baths
0
½ Baths
N/A
Acres
1,790
SQFT
$620
$/SQFT
2008
Built
Neighborhood:
None Available
County:
Worcester
Area:
Oceanfront Indirect View (81)
School District:
Worcester County Public Schools
Property Description
Net Rental Income in 2024 was $50,527.36! The Gateway Grand #703 - A Luxurious Oceanfront ResidenceNestled 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.
Exterior Features

Architectural Style Unit/Flat Construction Materials ConcreteMetal Siding Door Features InsulatedSliding Glass Exterior Features Exterior LightingOutside ShowerSidewalksUnderground Lawn Sprinkler Garage Spaces 2.00 Garage Type Covered Parking Garage YN Yes Location Type Oceanblock Lot Features Premium Parking Features Electric Vehicle Charging Station(s)Handicap ParkingLighted ParkingPaved DrivewaySecure ParkingSurfaceUnassigned Parking Types Attached GarageParking Lot Patio And Porch Features Balcony Pool Yes - Community Property Condition Excellent Roof Flat Unit Building Type Hi-Rise 9+ Floors View BayCityOcean Water Access YN No Water Body Name Atlantic Water Body Type Ocean Water View YN Yes Waterfront Features Sandy Beach Waterfront YN Yes

Interior Features

Above Grade Fin SQFT 1790 Appliances Built-In MicrowaveDishwasherDisposalDryerFreezerOven/Range - ElectricRefrigeratorWasher Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Exclusions See Inventory Addendum Fireplace YN No Flooring CarpetCeramic Tile Furnished Yes Heating Central Heating YN Yes Inclusions See Inventory Addendum Laundry Type Dryer In UnitWasher In Unit Levels 1 Main Level Bedrooms 3 Pets Allowed Cats OKDogs OKNumber Limit Unit Floors 1 Walls Ceilings Dry Wall

Property Features

Acceptable Financing CashConventional Accessibility Features None Association Amenities Common GroundsElevatorExercise RoomFitness CenterGame RoomMeeting RoomParty RoomPool - IndoorPool - OutdoorSwimming Pool Association Fee Includes Common Area MaintenanceExt Bldg MaintHealth ClubInsuranceManagementPool(s)Reserve FundsWater Association Fee2 922.00 Association Fee2 Frequency Monthly Association YN No Builder Model F Central Air YN Yes Common Walls 2+ Common Walls Condo YN Yes Cooling Fuel Electric Electric Circuit Breakers Elevators 5 Entry Level 7 Federal Flood Zone X Federal Flood Zone YN Yes Foundation Details Pillar/Post/Pier Heating Fuel Electric Horse YN No Hot Water Electric Lease Considered YN No Municipality Ocean City Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 803058999774 Other Fees 830.00 Other Fees Frequency One Time Ownership Interest Condominium Pets Allowed YN Yes Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Unit/Flat/Apartment Tax Annual Amount 10777.00 Tax Lot 703 Total Actual Rent 50527.36 Transportation Bus Stop less than 1 mile Utilities Cable TV AvailableElectric Available Vacation Rental YN Yes Water Source Public Window Features InsulatedScreens Zoning RESIDENTIAL Zoning Description Residential Condominium

Listing courtesy of Keller Williams Realty Delmarva: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Asset Property Solutions, LLC. 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. Data last updated: 2024-10-10T12:54:45.143.
 
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