2 48TH STREET Unit 1706, OCEAN CITY, MD 21842

$2,399,000

Experience life at the top of the luxurious Gateway Grand Residences in Ocean City, MD in Penthouse 1706. This 4 bedroom 3 bathroom residence features incredible views of the Ocean, City Skyline, and Bay spanning for miles. The huge picture windows showcase art in motion with the everchanging stunning scenery… Read More that makes up this barrier island. From the gorgeous sunrises over the ocean to the magnificent sunsets you will find yourself constantly in awe of the natural scenery. This residence is more than simply a luxury condominium at the beach, but rather a true experience for you and your guests. Every room in the property shares similar views of water, sky, and wildlife. A wrap around balcony can be accessed from the living room, dining room and guest bedroom, while a private balcony extends from the primary bedroom. Each allowing the occupants the opportunity to step into the scenery. Suspended 17 stories into the sky providing a prospective of Ocean City you did not know existed. The living room and primary bedroom both have vaulted 2 story ceilings with additional windows only found on the Penthouse level of the Gateway Grand. These windows bring the sky and clouds indoors adding to the ambiance. The great room includes a chef's dream kitchen with upgraded commercial grade appliances, white cabinets, and granite countertops. The kitchen has two seating areas for guests to choose from either at the elevated bar or the counter level island. The island includes a beverage center convenient for when entertaining guests. The dining room allows for a large dining table to accommodate your entire family. Moving into the living room you will notice an abundance of seating and a fireplace with flush mounted TV above. Custom Millwork accents the hallways leading to all 3 guest bedrooms and the primary suite. This residence features 2 zones of water source heat pumps that allow from comfort year-round. One zone services the bedrooms and bathrooms with a thermostat located in the primary suite, while the additional zone services the great room through a thermostat located in the living room. These efficient HVAC's can be maintained by the in-house maintenance team through subscription and run off hot and cold water produced on the ground level of the building and funded by the condominium fee. This residence was furnished and designed by a fabulous local interior designer and delivers to the new owner turn-key available for immediate occupancy. The floors throughout the hallway and great room are a 12x24 porcelain tile while the bedrooms are carpeted. The primary bathroom includes marble tile on the floors and walls including a whirlpool bathtub, custom tile shower, and dual sink vanity with granite tops. This residence also includes a large, deeded storage locker #108 on Mezzanine Level. Building amenities include heated indoor and outdoor pools, 24/7 fitness center, kid's club room, multiple owner's lounges, a grand lobby with staffed desk, security in the evenings, secure FOB access, and parking garage with 3 spaces and electric car chargers available. A truly once in a lifetime opportunity to own the Southeast corner Penthouse located in one of the Ocean City's most luxurious buildings awaits. Reach out for your private tour of this impressive residence today! Read Less

Courtesy of Jonathan Barker, Keller Williams Realty Delmarva [email protected]

Listing Snapshot

Days Online

209

Last Updated

Jan 31, 2025

Property Type

Condominium

Beds

Full Baths

Square Ft.

2,218

Year Built

2008

MLS Number

MDWO2021934

30 Days Snapshot Of 21842

$612k

+4%

(avg) sold price

-46%

homes sold

-15%

(avg) days on market

Snapshot

Area Map

Additional Details

Water Features

Water Access, Navigable Water, Water Body Name: Atlantic, Water Body Type: Ocean, Water Oriented, Waterfront Features: Y, Sandy Beach

Property Access

Public Beach, Swimming Allowed

Appliances & Equipment

5 elevators, Built-In Microwave, Dishwasher, Disposal, Dryer, Icemaker, Oven/Range - Electric, Refrigerator, Washer

Building

2,218 sqft living area, 2,218 sqft above grade (finished), Built in 2008, Structure Type: Unit/Flat/Apartment, Wall & Ceiling Types: Dry Wall, 1 floor in unit, 1 unit in building, 17 levels in building, 1 levels, Unit/Flat, Concrete, Metal Siding

Cooling

Central Air, Electric, Central A/C

Doors

Insulated, Sliding Glass

Exterior Features

Exterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler

Fees

Other Fees Frequency: One Time, Other Fees: $830

Fireplaces

1 fireplace, Electric

Floors

Carpet, Ceramic Tile

Foundation

Pillar/Post/Pier

Garage

3 garage spaces

Heating

Electric, Heat Pump(s)

Home Owner's Association

Condo/Coop Association, Condo/Coop Fee : $1,256, Condo/Coop Fee Freq: Monthly, Common Grounds, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Swimming Pool, Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Pool(s), Reserve Funds, Water

Interior Features

Ceiling Fan(s), Carpet, Combination Dining/Living, Combination Kitchen/Dining, Crown Moldings, Dining Area, Entry Level Bedroom, Floor Plan - Open, Primary Bath(s), Bathroom - Soaking Tub, Sprinkler System, Bathroom - Tub Shower, WhirlPool/HotTub, Window Treatments

Laundry

Dryer In Unit, Washer In Unit

Lot

Lot Size Dimensions: 0.00 x 0.00

Parking

Electric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Driveway, Secure Parking, Surface, Unassigned

Property

Common Walls: 2+ Common Walls, Other Structures: Above Grade, Below Grade, Outdoor Living Structures: Balcony, Wrap Around, View: City, Ocean, Bay

Roof

Flat

Sewer

Private Sewer, Public Septic

Taxes

City/Town Tax: $5,716, City/Town Tax Pymnt Freq: Annually, County Tax: $10,913, County Tax Pymnt Freq: Annually, Tax Annual Amount: $18,076, Tax Year: 2024

Utilities

Electric Service: Circuit Breakers, Hot Water: Electric, Cable TV Available, Electric Available

Windows

Insulated, Screens

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

2 48TH STREET Unit 1706

'VIP' Listing Search

Schools In The Area

Similar Listings

'VIP' Property Search

1. Neighborhoods

2. Home Type

3. Send

Let’s Have a Transparent talk about your needs

Sellers

Service Areas

Buyers

About