Patterson-Schwartz Real Estate2 48Th Street #402, Ocean City, MD 21842-6495 $1,099,000
Interior Sq. Ft: 1,790
Acreage:
Age:17 years
Style:
Unit/Flat
Subdivision: None Available
Design/Type:
Unit/Flat/Apartment
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 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 and $49,044.24 in 2024. Some weeks were blocked in 2023 for owner use and it could produce more income if so desired by the new owners. Buyers to honor 2025 rentals.
Home Assoc: No
Condo Assoc: $949/Monthly
Basement: N
Pool: Yes - Community
Features
Water
Water Oriented: Yes; Water Front: No; Water Access: Yes; Water Body Name: Atlantic Ocean; Water Body Type: Ocean; Navigable: No;
Utilities
Central Heating, Electric, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer, Circuit Breakers, Dryer In Unit, Washer In Unit, Cable TV Available, Electric Available
Garage/Parking
Attached Garage, Parking Lot, Covered Parking, Electric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Attached Garage Spaces #: 2;
Interior
Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Crown Moldings, Carpet Flooring, Ceramic Tile Flooring, Dry Wall, Insulated Windows, Window Screens, Insulated Doors, Sliding Glass Doors, Desk in Lobby, Sprinkler System - Indoor
Exterior
Pillar/Post/Pier Foundation, Flat Roof, Concrete Exterior, Metal Siding, Balcony, Exterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler, Heated Pool, Indoor Pool, In Ground Pool
Lot
Premium Lot, Oceanblock, Bay View, City View, Ocean View
Contact Information
Schedule an Appointment to See this Home
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or call me now at 302-545-2233
Listing Courtesy of: Keller Williams Realty Delmarva , (410) 524-6400, lwbunting@comcast.net
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Listing data as of 3/19/2025.
