Another Milestone for Margate’s Red-Hot Luxury Market

A newly constructed bayfront home on North Exeter Avenue sold for $3.175 million on June 20, adding to a growing list of high-end closings that are reshaping Margate’s waterfront real estate landscape. It's just one of several $3 million+ transactions recorded in the town so far this summer, a trend that reflects both limited supply and eager demand.

As of July 2025, Margate’s median home price is floating between $1.4M and $1.6M, with bayfronts and beach blocks commanding far higher.

What’s Driving Margate’s Luxury Demand?

Several factors are pushing Margate’s upper-tier market into record territory:

• Tear-downs & custom rebuilds dominate the beach and bay blocks.

• Weekly rentals can hit $5,000–$10,000, increasing ROI appeal.

• Limited land availability keeps demand high and supply tight.

• Buyers are seeking waterfront access and privacy without sacrificing proximity to dining and beach attractions.

📍 The North Exeter sale was just blocks from Amherst Avenue’s marina district and walkable to downtown Ventnor—two of the most desired areas for summer buyers.

Second-Homeowners Fueling the Surge

According to Trulia and local broker data, many of these luxury buyers plan to use the home part-time and rent it for peak weeks to offset costs. A new 5-bedroom bayfront that rents for 8–10 weeks in summer can generate $80,000 to $100,000 in gross rental income.

As one local posted in a Margate Facebook group: “Why invest in stocks when you can Airbnb in Margate for 9 weeks and pay the mortgage?”

Local Agent Insight: Timing Is Everything

As a local agent, I’ve worked with multiple buyers this year who are prioritizing Margate over Ocean City or Sea Isle because they want both lifestyle and rental upside. The trick is timing. The best lots and newly finished homes sell fast—and the difference between $2.9M and $3.3M often comes down to whether there’s a pool, boat slip, or rental-ready finish.

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Why It Matters

Margate’s luxury market isn’t just “hot”—it’s defining what success looks like along the Downbeach coast. These multimillion-dollar homes are raising the bar for design, amenities, and expectations. If you’re a buyer looking to enter the market or an owner wondering what your bayfront is now worth, this summer is a critical moment to reassess your strategy.

Micro-FAQ

What’s the average price of a Margate bayfront?
Currently in the $2.5M–$3.5M range depending on size and finish.

Are buyers still paying above asking?
Yes—especially for move-in-ready new builds with water access.

Is it too late to list for summer 2025?
No—but preparation and pricing must be precise. Contact a local expert.

📞 Wondering what your Margate bayfront home could command in today’s market?

You can call me directly, send a quick message, or visit my contact page for a custom valuation and strategy.