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?
Margate Towers values have shifted dramatically. Get a personalized, data-backed valuation of your specific unit — no obligation, no generic estimates. Just real Downbeach market intelligence from the area's most active shore specialist.
No spam. Your info stays between us.
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