4 months on rocket

2 48th St Unit 1706, Ocean City, MD, 21842

$2,399,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths
2,218 SqFt
$1,082/SqFt
Condo

Location

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2 48th St Unit 1706, Ocean City$2,399,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingCovered Parking, Electric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Driveway, Secure Parking, Surface, Unassigned, Attached Garage, Parking Lot
Garage3 spaces
Year Built2008
HeatingHeat Pump
CoolingCentral Air
WaterfrontBeach
FireplaceElectric
ViewCity, Ocean, Bay
MLS #MDWO2021934
StatusActive
(ACTIVE)

About 2 48th St Unit 1706

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 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!

Property Details

Property Features

Property Information:

  • Architectural Style: Unit/Flat
  • Year Built: 2008
  • Stories: 1
  • Living Area: 2,218 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Delmarva
  • Office Phone: (410) 524-6400
  • Listing Agent: Jonathan M Barker

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Disposal, Dryer, Ice Maker, Oven, Electric Range, Refrigerator, Washer
  • Basement: No
  • Flooring Type: Carpet, Ceramic Tile
  • Interior: 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
  • Fireplace: Electric

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Beach
  • View: City, Ocean, Bay
  • Exterior: Exterior Lighting, Outside Shower, Sidewalks, Underground Lawn Sprinkler

Parking Information:

  • Garage Space: 3 spaces
  • Parking: Covered Parking, Electric Vehicle Charging Station(s), Handicap Parking, Lighted Parking, Paved Driveway, Secure Parking, Surface, Unassigned, Attached Garage, Parking Lot

Virtual/3D Tour

  • 3D Tour: 2 48th St Unit 1706
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Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Coastal Highway to 48th Street; Ocean Front

Municipality:

  • Ocean City

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,399,000
  • Price Per SqFt: $1,082/SqFt

Tax Information:

  • Annual Amount: $18,057
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Ocean City, MD.

Med. Sold Price

$449.5K

Med. Price/SqFt

$429

Avg. Days On Market

80

# of Sold Homes

90

2 48th St Unit 1706 vs Ocean City

137 DAYS ON ROCKET

+57 Days

$2,399,000

+$1.9M More

$1,082/SqFt

+$653 More

KEY TAKEAWAY

This property is $1.9M more than the Median Sold Price and $653/SqFt more than other homes in Ocean City, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDWO2021934

Listing Office:

  • Office Name: Keller Williams Realty Delmarva
  • Office Phone: (410) 524-6400
  • Listing Agent: Jonathan M Barker

IDX Information Deemed Reliable But Not Guaranteed. 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 participates, and is provided by BRIGHT through a licensing agreement.

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. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold 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. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 8:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$18,057$1,277,800
2020$18,054$1,277,800
2019$17,610$1,237,933
2018$16,924$1,198,067
2017$16,361$1,158,200

History based on county public records data.

Payment Calculator

$12K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,259

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-419800
10
/10
  • Ocean City Elementary School

  • 12828 Center Dr

  • 2.73 miles

  • Public District Grades PK-4

school-card-donut-419801
9
/10
  • Showell Elementary School

  • 11318 Showell School Rd

  • 6.74 miles

  • Public District Grades PK-3

school-card-donut-419802
5
/10
  • Berlin Intermediate School

  • 309 Franklin Ave

  • 8.23 miles

  • Public District Grades 4-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,474. Residents of Ocean City, MD typically earn between $35k-100k each year. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Living In Ocean City, MD

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Ocean City, MD?

Ocean City's housing market is diverse, offering a mix of residential options that cater to a range of preferences. The area is known for its beachfront condominiums, which make up a significant portion of the housing stock, providing residents with scenic views and easy access to the beach. Single-family homes are also available, featuring styles from classic beach cottages to contemporary designs. The market is characterized by a mix of both year-round and seasonal properties, reflecting the city's popularity as a vacation destination.

Is Ocean City, MD a good place to live?

Ocean City is celebrated for its vibrant boardwalk, pristine beaches, and family-friendly atmosphere. The community prides itself on being a premier resort town, with numerous events throughout the year, including the famous Ocean City Air Show and the Sunfest music and arts festival. The town's character is shaped by its coastal environment, offering a relaxed lifestyle with a focus on outdoor recreation and water-based activities.

Are things conveniently located in Ocean City, MD?

The community is served by a range of essential services, including public schools that cater to residents and the seasonal influx of families. Healthcare is accessible through local clinics and urgent care centers, ensuring medical needs are met promptly. Ocean City also boasts a variety of retail shops and dining options, from casual eateries to fine dining, many of which showcase the local seafood cuisine. The town is proactive in maintaining and enhancing its services to accommodate both its permanent population and seasonal visitors.

What does the transportation in Ocean City, MD look like?

Transportation in Ocean City is well-suited to the needs of both residents and tourists. The town features a public bus service that runs along the Coastal Highway, providing convenient access to various points of interest. The area is also bike-friendly, with several bike paths and lanes available for those who prefer to cycle. For drivers, the city is easily navigable with well-maintained roads and highways connecting to nearby cities and attractions. While specific ride-sharing statistics are not mentioned, such services are commonly used by visitors and locals alike.

Frequently Asked Questions About 2 48th St Unit 1706

What is the listing price of this property?

The listing price of 2 48th St Unit 1706 property is $2,399,000.

What type of property is this?

The property 2 48th St Unit 1706 is a condo located in Ocean City, Maryland, 21842.

Is this property for sale now?

Active Listing: 2 48th St Unit 1706 is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $18,057 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 2 48th St Unit 1706 has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 2 48th St Unit 1706 is 2,218 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2 48th St Unit 1706 is 2008.

Rocket Homes›Maryland›Worcester County›Ocean City›21842›2 48th St Unit 1706

This home is located at 2 48th St Unit 1706 in Ocean City, MD and zip code 21842. This 2,218 square foot home was built in 2008. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 07, 2024 and is currently priced at $2,399,000.

In October 2024, from all listings sold in Ocean City, MD there were more than 12 sold above asking price, over 67 sold below and more than 11 were sold right at the asked price. The number of homes for sale in Ocean City, MD increased by 16.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $449,548, while the average time on the real estate market was 80 days.

From Rocket Homes Real Estate and based on county public records data.

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