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3-Bedroom Condominium
For Sale
$1,275,000

2 48TH STREET #1402, Ocean City, MD 21842

Furnished residence with ocean, bay, and city views, plus access to indoor and outdoor pools.

Property Size1,650 SF
Days on Market90

Property Features for 2 48TH STREET #1402

General Information

Standard status Active
Size 1,650 SF
Total Parking Spaces 2
Property subtype Apartment

Additional Details

Furnished Yes
Multifamily Units 1

Amenities

year-round heated indoor pool
heated outdoor pool
24-hour fitness center
kids club room
oceanfront sundeck
deeded storage locker
staffed front desk
evening security
camera monitoring

Building Details

Building Size 1,650 SF
Year Built 2008
Listing Agency: Berkshire Hathaway HomeServices PenFed Realty
Listed By: Anthony M Golden · License #309721
Source: Paulchilds.kw
Added: Jul 8 Changed: Oct 4 Last Checked: Oct 5 at 3:37PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices PenFed Realty

Investment Insights

Based on property information with market context.

Set on the 14th floor of The Gateway Grand, this 3-bedroom, 3-bath condominium was built in 2008 and is offered furnished and equipped. Views extend to the ocean, bay, and city skyline. The open layout includes a kitchen with granite countertops, upgraded cabinetry, tile flooring, and stainless steel appliances; the primary bedroom also has views. The property has a rental history.

Building amenities include heated indoor and outdoor pools, a 24-hour fitness center, a children’s club room, and an oceanfront sundeck. The residence comes with two reserved parking spaces and a deeded storage locker. Building access is secured, with a staffed front desk, evening security, and camera monitoring of amenities and the parking garage.

Key Highlights

  • 14th‑floor residence with views of the ocean, bay, and city skyline
  • 3 bedrooms and 3 bathrooms; offered furnished and equipped
  • Kitchen features granite countertops, upgraded cabinetry, tile flooring, and stainless steel appliances

Property Analytics

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Current Use

The Gateway Grand Residences Condominium Complex Gateway Grand 214 Hotel & Motel Trammell Construction Co Construction Company

Suggested Use

Top Pick HVAC Service Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

352
Businesses Nearby

Demographics for 21842, MD

11,104
Population
32,684
Households
0.3
Avg Household Size
53
Median Age
39%
College-Educated
95%
High-School Grad
9.2 sq mi
ZIP Area
1,207
Density / Sq Mi
$75,372
Median Household Income
$40,189
Median Earnings
$1,258
Median Rent
$415,900
Median Home Value
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Frequently Asked Questions

What type of property is this?
Residential income property - Furnished residence with ocean, bay, and city views, plus access to indoor and outdoor pools.
Where is this residential income property located?
The property is located at 2 48TH STREET #1402 Ocean City, MD.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 14th‑floor residence with views of the ocean, bay, and city skyline; 3 bedrooms and 3 bathrooms; offered furnished and equipped; Kitchen features granite countertops, upgraded cabinetry, tile flooring, and stainless steel appliances
More about this property
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