LKV Realty
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$1,339,000
$6,000Reward *
2 48TH STREET 1002 GATEWAY GRAND, OCEAN CITY, MD 21842Listing ID MDWO2037756

2 48TH STREET 1002 GATEWAY GRAND, OCEAN CITY, MD 21842

Active
NONE AVAILABLE
Last updated: Jun 23, 2026
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
-
Bedrooms
Bedrooms
3
Bathrooms
Bathrooms
3
Square Feet
Square Feet
1,790
Days on Site
Days on Site
120
Cooling
Cooling
Central A/C, Ceiling Fan(s)
Heating
Heating
Heat Pump(s)
Year Built
Year Built
2008
Garages
Garages
2
Parking
Parking
ElectricVehicleChargingStations, Handicap Parking, Lighted Parking, Paved Parking, Secure Parking, Unassigned

Most buyers think “oceanfront” is always the best, and while that’s OFTEN true, it’s NOT ALWAYS true. Let’s look at a perfect example of why. Unit 1002 at The Gateway Grand, widely considered the most well-built luxury oceanfront high-rise in Ocean City, MD, might not check the traditional oceanfront box, but what it offers in views, and how you experience those views, tends to change people’s minds quickly. Sitting on the south side at the 10th floor, high above anything around it, the perspective opens up in a way most don’t expect. The view isn’t limited to just the ocean. It stretches for miles. Ocean in front of you, the downtown Ocean City skyline running south, Assateague Island in the distance, and sweeping bay views to the west. Sunrise to sunset! And because of the southern exposure, this residence benefits from more consistent natural light throughout the day and reduced exposure to the harsher northeast coastal winds and storms compared to many direct oceanfront units. The result is a more balanced, usable space year-round. Then there’s the part most people don’t think about until they see it. From the primary bedroom, the ocean is right there. Not from an angle, not from across the room, but directly in your line of sight from bed. Inside, this 3-bedroom, 3-bathroom residence has been extensively updated in all the highest impact ways. Luxury plank flooring runs throughout the main living areas. The kitchen has been reworked with new quartz countertops, a custom raised-height island, upgraded appliance package, and a tailored backsplash. Bathrooms and lighting and vanities have all been updated, and custom millwork carries throughout, adding a level of finish that stands apart from standard renovations. The Gateway Grand itself operates on a different level than anything else in Ocean City. Not louder, just better built. It is the only building in the area constructed to exceed Miami-Dade County hurricane standards, with high-impact glass, advanced sound insulation, and an ultra-efficient two-pipe water-source HVAC system. These construction features provide increased durability, improved energy efficiency, and noticeably reduced interior noise compared to typical coastal condominium buildings. Access is controlled through a secured lobby with RFID entry, supported by on-site management and nightly security. The covered, gated parking structure offers more available parking than most competing buildings. Amenities are complete without feeling crowded, including indoor and outdoor heated pools overlooking the ocean, a private sun deck, a fully equipped oceanview fitness center, a children’s club, and deeded, conditioned storage for beach equipment. And when it comes to ownership, there’s another layer most buyers don’t think about. Owners in Gateway Grand historically hold pricing, which has helped maintain stronger long-term value compared to many other Ocean City condo buildings. This isn’t just a different unit. It’s a different way to look at what oceanfront living in Ocean City really means. This residence is ideal for buyers searching for a luxury 3-bedroom oceanfront or oceanview condo in Ocean City, MD with panoramic ocean, bay, and city views, high-end construction, full-service amenities, and strong long-term value potential. *Storage locker #104 will be included with this sale.

Property Information

Property Details

Location

Address
2 48TH STREET
City
OCEAN CITY
Zip Code
21842
Subdivision
NONE AVAILABLE
MLS Area
Direct Oceanfront (80)

Interior Features

Beds and Baths

Bedrooms
3
Main Level Bedrooms
3
Full Bathrooms
3

Building

Building Information

Square Feet
1,790
Year Built
2008
Construction
Concrete, Metal Siding
Roof
Flat
Builder Name
Bovis Leandlease

Property Taxes

Tax Annual Amount
$13,550
Tax Year
2025
Keller Williams Realty Delmarva, (410) 524-6400

Market Report for 21842

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Bright MLS
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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 it participates, and is provided by BRIGHT through a licensing agreement. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed 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. 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. All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Copyright 2026 Bright MLS, Inc. Data last updated: 18 Aug 2026, 09:32 AM UTC

For corrections to this data please contact Brytecore MLS Support.

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