Currently in the Market

2 LISTINGS
Sold — Jun 2026Unit 504 — 5th Floor
$421,688
🛏 1 Bed🛁 1 Bath📐 825 sq ft🌅 Bay & Sunset Views
Oversized 1BR on 5th floor with large private deck. Bay & sunset views. No assessments. Off-street parking.
DOM: 100 daysClosed: 6/12/2026How Sold: CashTaxes: $3,351/yr
View Sold Listing →
Sold — Jun 202610th Floor — Renovated
$515,000
🛏 1 Bed🛁 1 Bath📐 815 sq ft🌊 Ocean Views
Fully renovated & furnished. Majestic ocean views, custom spa shower, recessed lighting. No assessments.
DOM: 23 daysClosed: 6/12/2026How Sold: CashTaxes: $4,019/yr
View Sold Listing →
Sold — Aug 20257th Floor — Direct Oceanfront
$565,000
🛏 1 Bed🛁 1 Bath📐 865 sq ft🌊 Direct Ocean
Most direct ocean views available in the building. Newer bath with large shower. Direct oceanfront units rarely come to market.
DOM: 31 daysClosed: 8/28/2025How Sold: In-HouseTaxes: $4,057/yr
View Sold Listing →
Sold — Jan 20262BR Corner Unit
$870,000
🛏 2 Bed🛁 2 Bath📐 1,000 sq ft🌅 Bay & Ocean
Fully renovated luxury corner unit. Sweeping bay-to-ocean views. Smart blinds, CAT6, Toto fixtures, custom bar.
DOM: 36 daysClosed: 1/16/2026How Sold: ConventionalTaxes: $4,417/yr
View Sold Listing →
2015 Median Sale
$152,500
Pre-market-shift baseline
+296%
Price appreciation since 2015
2024 Median Sale
$604,500
Current market reality

Price by Unit Type

LAST 3 YEARS · 2023–2026

Based on 11 closed sales from January 2023 through June 2026 — the window that reflects today's actual market pricing.

Studio
3 sales · 2023–2026
$333K
Avg Sale Price
Range: $300K – $350K
Avg DOM: 45 days
2 Bedroom
3 sales · 2023–2026
$667K
Avg Sale Price
Range: $535K – $870K
Avg DOM: 54 days
3 Bedroom
2 sales · 2023–2026
$920K
Avg Sale Price
Range: $860K – $980K
Avg DOM: 11 days

* Based on 11 closed sales at Margate Towers from January 2023 through June 2026 via BRIGHT MLS. Low inventory means a limited but highly current sample — these figures reflect actual recent transaction prices, not historical averages diluted by pre-2022 sales.

Building Overview

MARGATE TOWERS
Stories
11 Floors
Oceanfront high-rise
Location
On the Ocean
Direct Atlantic Ave beachfront
Pet Policy
No Pets
Assistance animals w/ docs only
Parking
4 Lots
Seniority rotation system
Pool Season
Mem Day–Labor Day
8am–7pm, lap swim 8–9am daily
Gym Access
24 / 7
FOB access, waiver required
Rental Rules
1 Lease / Year
90–365 days, no short-term
Construction Window
Oct 15 – May 14
Mon–Fri 8am–5pm only

Building Amenities

16 AMENITIES
🏊Heated Oceanfront Pool
💪24/7 Fitness Center
🍽️Gilchrist Restaurant On-Site
✂️Hair Salon On-Site
🔒24-Hr Front Desk & Security
📚Library & Reading Room
🎮Card / Game Room
🎉All-Purpose Community Room
🚗Parking (4 Lot Locations)
🚲Bicycle Storage
🏖️Beach Chair Storage
🌊Beach Rinse Stations
👕Laundry Room on Every Floor
📦Package Acceptance at Front Desk
🔥Pool Deck Gas Grill
📡Cable TV & WiFi Included
Margate Towers aerial view
Oceanfront on Atlantic Ave, Margate City
Margate Towers pool and ocean view
Pool deck with direct ocean views

Investor & Owner Intelligence

NEED TO KNOW

Rental Rules

One lease per 12-month period — no revolving tenants

Minimum 90 days, maximum 365 days — no Airbnb or VRBO

No multi-year leases — annual flexibility for owners

Occupancy limits: Studio=2, 1BR=4, 2BR=6 persons

New lease fee: $350 · Renewal: $250 · Security deposit to assoc: $1,000

Background check required. 30-day advance application. Tenant orientation mandatory.

Buying & Selling

No open houses permitted on premises — private showings only

Capital contribution at closing: 3 months HOA dues (paid by buyer)

Transfer fee at closing: $150 (paid by seller)

Buyer orientation required 10 days before closing — schedule early

Property Manager must be notified 30 days in advance of closing

One parking right per unit. Parking rights sold back to association only.

Recent Closed Sales

LAST 24 MONTHS
Close Date
Sale Price
Beds / Baths
Sq Ft
DOM
How Sold
Jun 2026
$515,000
1 BR / 1 BA
815
23 days
Cash
Jun 2026
$421,688
1 BR / 1 BA
825
100 days
Cash
Jan 2026
$870,000
2 BR / 2 BA
1,000
36 days
Conventional
Aug 2025
$565,000
1 BR / 1 BA
865
31 days
In-House
May 2025
$410,000
1 BR / 1 BA
40 days
MLS
Jan 2025
$350,000
Studio
44 days
MLS
Oct 2024
$860,000
3 BR
17 days
MLS
Jul 2024
$349,000
Studio
7 days
MLS
Sep 2023
$595,000
2 BR / 2 BA
92 days
MLS
Mar 2023
$980,000
3 BR
4 days
MLS
What Is Your Unit Worth Today?
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Grant Nulty
Grant Nulty
REALTOR®  |  Berkshire Hathaway HomeServices Fox & Roach  |  Downbeach Shore Specialist
10+ Years Downbeach 300+ Transactions 63+ Five-Star Reviews Lifelong Margate Resident