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Gateway Grand

Gateway Grand

Gateway Grand
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

2 48th St
Ocean City, MD 21842-6495
196 Units
17 Stories
2008 Year Built
$994K - $2.0M Value Range

Available Units

For Sale
For Rent
No Units Available

Highlights

  • Ocean Front
  • Ocean City Elementary School Rated A
  • Access to Tidal Water
  • Sandy Beach
  • Private Beach Club
  • Fitness Center

Luxurious oceanfront living in Ocean City's premier condominium

The Gateway Grand, completed in 2008, stands as a pinnacle of luxury on Ocean City's coastline. This 17-story high-rise, designed by Becker Morgan Group, offers 196 upscale condominium units with breathtaking views of the Atlantic Ocean, Assawoman Bay, and the city skyline. Located directly on the beach, the Gateway Grand combines modern architecture with resort-style amenities, creating an unparalleled living experience for its residents.

Spacious residences with panoramic views and high-end finishes

The Gateway Grand offers a range of floor plans to suit various lifestyles, from 3-bedroom units to expansive 7-bedroom penthouses. The 3-bedroom residences span 1,641 to 1,987 square feet, featuring 2 to 3 bathrooms and selling for $1,099,000 to $1,400,000. These units often include southern exposures, providing abundant natural light and warmth year-round. For those desiring more space, 4-bedroom units range from 1,641 to 2,551 square feet with 3 to 4 bathrooms, priced between $1,219,693 and $2,599,000. Many of these residences boast wrap-around balconies accessible from multiple rooms, offering sweeping views of the ocean, bay, and city. The crown jewels of the Gateway Grand are its 7-bedroom penthouses, measuring approximately 4,000 square feet with 6 bathrooms. These luxurious homes feature vaulted ceilings, additional windows, and expansive terraces, creating an unparalleled living experience. Throughout the building, residences showcase high-end finishes and thoughtful upgrades. Gourmet kitchens often include granite or quartz countertops, stainless steel appliances, custom cabinetry, and designer backsplashes. Many units feature open-concept living areas with floor-to-ceiling windows, maximizing the stunning coastal views. Primary suites in oceanfront units typically offer direct balcony access and spa-like bathrooms with marble finishes, dual vanities, soaking tubs, and glass-enclosed showers. Guest bedrooms often include en-suite bathrooms and walk-in closets with custom organizers. Additional interior features may include hardwood-style flooring, custom millwork, smart home automation systems, and motorized window treatments. Some residences have been professionally designed and furnished, offering turn-key living options for discerning buyers. Monthly HOA fees range from $800 to $1,200, covering common area maintenance, exterior building maintenance, insurance, management, pool maintenance, reserve funds, and water. These fees ensure the continued upkeep and luxury standard of the Gateway Grand.

Resort-inspired amenities for year-round enjoyment

The Gateway Grand offers an extensive array of amenities designed to enhance residents' lifestyles. The centerpiece is a 250-foot private sundeck, providing a spectacular vantage point for enjoying Ocean City's famous sunrises and sunsets. For aquatic enthusiasts, the building features both heated indoor and outdoor pools, allowing for year-round swimming and relaxation. Fitness-minded residents can take advantage of the state-of-the-art 24/7 fitness center, which offers views of the pool and ocean. Families appreciate the dedicated kids' club room, providing a space for younger residents to play and socialize. Multiple owner's lounges throughout the building offer comfortable spaces for relaxation or casual gatherings with neighbors and guests. The grand lobby, staffed with a professional front desk team, sets the tone for the building's luxury atmosphere. Secure FOB access and a surveillance camera system ensure residents' safety and peace of mind. For convenience, the Gateway Grand provides a gated parking garage with electric car chargers, as well as additional guest parking. Residents also benefit from deeded storage lockers and conditioned storage areas for beach gear and personal items. The building's amenities extend to its services, with on-site property management and an in-house maintenance team available to address residents' needs promptly. Evening security patrols add an extra layer of safety to the community. Business services include a professionally staffed front desk, concierge assistance, and a vending/snack center for quick refreshments. The building also offers meeting and party facilities for larger gatherings or events. With its combination of luxury amenities and attentive services, the Gateway Grand creates a resort-like atmosphere for its residents, allowing them to enjoy a premium coastal lifestyle year-round.

Coastal charm meets urban convenience in Ocean City

The Gateway Grand's location offers residents the best of Ocean City living, combining beachfront relaxation with easy access to local attractions and amenities. The building's prime position on the beach allows for immediate access to the Atlantic Ocean, perfect for sunbathing, swimming, and water sports. For those seeking retail therapy, the area boasts several boutique shopping options. Monkee's of Ocean City, located less than a mile away, offers a curated selection of women's clothing and accessories. The ish Boutique, also within walking distance, provides a bohemian-inspired collection of casualwear, jewelry, and home decor. Culinary enthusiasts will appreciate the diverse dining options in the vicinity. Ristorante Antipasti, about a mile from the Gateway Grand, serves upmarket Italian cuisine in an elegant setting. For a truly special dining experience, the Hobbit Restaurant, located approximately two miles away, offers creative American cuisine with stunning views of Assawoman Bay. Families with school-age children benefit from proximity to well-regarded public schools. Ocean City Elementary School, rated 10 out of 10 by GreatSchools, is just a 15-minute drive away. For older students, Stephen Decatur High School, with its A-minus rating from Niche, is located about 20 minutes from the building. The neighborhood surrounding the Gateway Grand strikes a balance between the lively atmosphere of Ocean City and the tranquility of beachfront living. Residents can easily access the city's famous boardwalk, amusement parks, and seasonal events while enjoying a more serene home environment.

Car-centric location with easy regional access

The Gateway Grand's location in Ocean City primarily caters to residents who prefer to travel by car. The building's secure parking garage, complete with electric car chargers, provides convenient access for vehicle owners. For those needing to travel further afield, the Salisbury-Ocean City Wicomico Regional Airport is approximately 30 miles away, offering connections to major cities. This airport, about a 50-minute drive from the Gateway Grand, provides an convenient option for business travelers or those seeking quick getaways. While the immediate area around the Gateway Grand is more suited to driving, the flat terrain of Ocean City does allow for some cycling opportunities for recreational riders. However, most daily errands and activities will likely require a car. The building's location on Coastal Highway (Route 528) provides easy access to other parts of Ocean City and neighboring communities. This main thoroughfare runs the length of Ocean City, connecting residents to various attractions, shopping centers, and dining establishments. For those occasional times when residents might not want to drive, ride-sharing services are readily available in the area. These services can be particularly useful for evenings out or during peak tourist seasons when parking in popular areas might be challenging. While public transportation options are limited in the immediate vicinity, the car-centric nature of the area aligns well with the lifestyle preferences of the Gateway Grand's residents. The emphasis on private transportation ensures that residents can easily explore all that Ocean City and the surrounding region have to offer at their own pace.

Available Condos

No units matching this criteria are available right now.

Building Details

Views

  • Ocean
  • Bay
  • City
  • Building is oceanfront but unit may not have water views

Recreation

  • Sandy Beach
  • Public Beach
  • Private Beach Club
  • Fitness Center
  • Community Indoor Pool
  • Indoor Pool
  • Heated Community Pool
  • Outdoor Shower

Outdoor Features

  • Access to Tidal Water
  • Water Access
  • Property is near an ocean
  • Ocean Front
  • Home fronts navigable water
  • Picnic Area
  • Common Area

Amenities

  • Game Room
  • Meeting Room
  • Party Room
  • Lounge
  • Community Storage Space
  • Community Wi-Fi
  • Security Service
  • Front Desk in Lobby
  • Resident Manager or Management On Site
  • Controlled Access

Parking

  • 2 - 3 Garage Spaces Per Unit
  • 3 Car Attached Garage
  • Handicap Parking
  • Assigned Parking Garage Space
  • Electric Vehicle Home Charger
  • Lighted Parking
  • Parking Garage
  • Off-Street Parking
  • Surface Parking
  • Secure Parking

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Condo Association

  • $921 Monthly HOA Fees
  • Monthly HOA Fees Range from $108 - $1,256
  • Capital Improvement Fee $3,876
  • $3,876 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, insurance, management, pool(s), reserve funds, water
  • $830 Other One-Time Fees
  • Legum & Norman Condos
  • Built by Bovis Lendlease
  • Gateway Grand Community
  • Property Manager

Building Design

  • 5 Elevators
  • Fire Sprinkler System
  • High-Rise Condominium

Unit Features

  • Open Floorplan
  • Ceiling height of 9 feet or more
  • Laundry in unit
  • Washer and Dryer Hookup
  • Balcony

Unit Information

Unit
201
214
402
709
Beds
4 Beds
3 Beds
3 Beds
3 Beds
3 Beds
Baths
3 Baths
3 Baths
3 Baths
3 Baths
3 Baths
Sq Ft
2,385
1,790
1,790
1,790
1,650
Price
$1,149,000
$999,999
$1,099,000
$1,395,000
$1,250,000
Price / Sq Ft
$482 / Sq Ft
$559 / Sq Ft
$614 / Sq Ft
$779 / Sq Ft
$758 / Sq Ft
List Date
03/05/2025
01/01/2025
10/20/2024
03/01/2025
03/06/2025

Unit Size and Value Ranges

Studio Units
Sq Ft Range
1,641 - 2,350
Est. Values
$993,720 - $1,996,866
3 Bedroom Units
Sq Ft Range
1,650 - 2,385
Est. Values
$993,720 - $1,543,083
4 Bedroom Units
Sq Ft Range
1,641 - 2,551
Est. Values
$1,058,840 - $1,996,866
7 Bedroom Units
Sq Ft Range
4,024
Est. Values
None Available
All Units
Sq Ft Range
1,641 - 4,024
Est. Values
$993,720 - $1,996,866

Map

Area Factors

Somewhat Bikeable

Bike Score®

46 / 100

Car-Dependent

Walk Score®

38 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

78 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$601K - $1.6M
Range of Taxes in Building
$8,382 - $22,240
Range of Taxes per Sq Ft
$4.07 - $10.79

Property Tax History

Source: Public Records

Building Website

Building Team

Developer
The Carlyle Group
Architect
Becker Morgan Group
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.