Back 401/2 48th St
Off Market

401/2 48th St

Ocean City MD 21842

4
3
3
2385 sq. ft.
Condo
Last sold for $1,125,000
Jonathan BarkerJonathan Barker, last sold this property on 26 March 2026 after 31 days on market.

Overview

This 2385 square foot 4 Bedroom 3 Bathroom Residence at the Gateway Grand is a must see! One of the most impressive parts of this condominium is the oversized living room, which is one of the largest in the building. The residence features two balconies, one of which is accessible from each bedroom and the very large living room. You will appreciate the southern exposure location which provides an abundance of natural light and warmth. From the fourth floor you have views of the Atlantic Ocean from the Southern balcony that extends beyond the other residence balconies in front of it. The Gateway Grand is one of Ocean City's newest and most spectacular luxury condominium building featuring an abundance of amenities including a heated indoor and outdoor pool, state of the art fitness center, private owners' lounges, on-site property management, on-site maintenance team, gated parking garage, kids club, and so much more. Ground floor deeded storage locker #169 conveys with residence. 2026 rentals must be honored. See attached rental schedule for reference in documents section. Grossed $58,149 in rental income in 2025 and already has $50,610 booked for 2026.

Features

4 bedrooms
3 bathrooms
3 carspaces
3 garage spaces
2385 sq. ft. floor area
Condo

Estimated Value

Based on this property and similar 4 bedroom condos sold in Ocean City over the last 12 months, the estimated median property value of 401/2 48th St is $965k.

Median value
$965k
Estimated value range
$405k - $1.89m
Median days on market
41
Estimated value trend
21%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Ocean City. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 401/2 48th St

2026
Sold
$1,125,000
26 Mar 2026 by Jonathan Barker, of Keller Williams Realty Delmarva

Happy sellers in Ocean City

87%
87% of sellers in Ocean City reported that their sale price either exceeded or met their price expectations.

Ocean City stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 19 reviews in Ocean City over the last 12 months.

Local market activity for 4 bedroom condos in Ocean City

In the last 12 months, 39 four-bedroom condos similar to 401/2 48th St, have been sold.

This represents a 66% decrease in four-bedroom condos sales when compared to the previous 12 months.

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