2 48th Street, Unit 706 GATEWAY GRANDOcean City, MD 21842Sale Price: $2,005,000

  • Sale Price: $2,005,000
  • 25 Days Since Sale
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Federal 30-year interest rate: 6.66% last updated on Aug 27, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $2,005,000Sale Price
  • 4Bedrooms
  • 3Bathrooms
  • 2,218Square Feet
  • 3 DaysOnMarket Date
After selling more than 350 residences in The Gateway Grand over the past two decades, one thing has become remarkably clear. When buyers ask us which location we'd choose if every residence in the building were available... This is the location....This is the floorplan.....And this is the height. ---- Gateway Grand #706 is an exceptionally rare 4-bedroom, 3-bath direct oceanfront corner residence that combines everything buyers consistently tell us they're looking for, yet rarely find together. Both direct-oceanfront and Southern end-unit exposure. A premium mid-floor location. Panoramic ocean, bay, skyline, and Assateague Island views. An expansive wraparound oceanfront balcony, plus a second private balcony from the primary suite. Four true bedrooms. End-unit windows and sliding glass that flood the residence with natural light. In a building of nearly 200 luxury residences, this one stands out from the rest, for all those reasons. And here's why: Most oceanfront condos make you compromise. They're Too high. Too low. Not enough windows. Smaller balconies. Limited bay views. Fewer bedrooms. This one gives you a chance to not have to compromise anything. Step inside and you'll immediately appreciate how exceptionally well cared for this home has been. Lovingly enjoyed as a private second home and never rented, it's being offered beautifully designer furnished, completely move-in ready, and prepared for its next owners to begin making memories from day one. Then there's The Gateway Grand Building, Amenities & Association! Simply put, it represents the benchmark by which many luxury condominiums in Ocean City continue to be measured. Owners enjoy indoor and outdoor heated pools, a state-of-the-art fitness center, owner's lounge, children's activity room, gated parking, secure lobby, private beach lockers, multiple beach access points, and outstanding professional management. The building's reputation for financial stability, exceptional leadership, and long-term ownership confidence continues to make it one of the most respected addresses on the East Coast. One feature many buyers don't fully appreciate until they own here is Gateway Grand's innovative two-pipe water-source HVAC system. It's remarkably efficient, eliminates the need for individual water heaters inside each residence, and provides an endless supply of hot and cold water through the building's central systems, reducing maintenance while improving everyday ownership. And the location continues the story. Situated in one of Ocean City's most desirable stretches of coastline, you're just minutes from outstanding restaurants, coffee shops, shopping, Northside Park, the Delaware beaches, Route 54, and everything that makes this part of Ocean City so desirable, while still enjoying a quieter atmosphere than many of the resort's busier sections. The deeded storage locker (#77) and three parking passes only add to the convenience. Some buyers search for an oceanfront condo. The fortunate few find the one they've been hoping would come on the market. Gateway Grand #706 is exactly that. The ONLY question, is will you react quickly enough?

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Copyright 2026 BRIGHT, All Rights Reserved.  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 Coastal Life Realty Group 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.Data last updated August 30, 2026. 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.

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