1 S Hanover Ave, Margate, NJ, 08402
About This Home
MOVE IN READY! ENJOY THE BEST OF SUMMER IN YOUR MARGATE HOME! Welcome to an extraordinary luxury new construction residence in Margate's coveted Down Beach neighborhood. Perfectly positioned on one of the area's most desirable south side streets, this exceptional home offers the ideal combination of privacy, convenience, and coastal elegance. Just a short stroll from Casel's Marketplace, Starbucks, premier dining, shopping, and the beach, you'll enjoy one of the finest locations Margate has to offer. Thoughtfully designed for effortless shore living, this stunning home offers 5 spacious bedrooms and 4.5 luxurious bathrooms, blending timeless architecture with sophisticated modern finishes. The elegant primary suite serves as a private retreat, complete with its own spacious deck, the perfect place to enjoy your morning coffee, unwind with a good book, or take in the beautiful evening sunsets. The heart of the home is an expansive open concept living space filled with natural light, where the gourmet chef's kitchen flows seamlessly into the dining area and great room. Large glass doors lead to an oversized front deck spanning the entire width of the home, creating exceptional indoor and outdoor living spaces ideal for entertaining or simply relaxing. Every detail has been carefully selected to elevate everyday living, including a four stop elevator, designer kitchen with top of the line appliances, custom dry bar, ground level entry, electric vehicle charging hookup, outdoor shower, and a private covered veranda. Step outside to your own private backyard oasis featuring a beautiful in ground pool, or take a leisurely walk just ten homes to the pristine beaches of the Atlantic Ocean. Whether you're spending the afternoon poolside, enjoying a day at the beach, or entertaining family and friends, this home delivers the ultimate Jersey Shore lifestyle. Built with uncompromising quality and exceptional craftsmanship, every space has been thoughtfully finished with luxurious materials and meticulous attention to detail, creating a home that is as beautiful as it is functional. The home is move in ready, just unpack and start enjoying the rest of the summer. This is a rare opportunity to own a brand new luxury home in one of Margate's most sought after locations. Schedule your private showing today and experience the lifestyle you've been waiting for.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: New Construction
- New construction: Yes
- Year built: 2025
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Burglar Alarm,Disposal,Dishwasher,Dryer,Gas Stove,Microwave,Refrigerator,Self Cleaning Oven,Washer
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Features
- Elevator
- Fireplace features: Built-In,Living Room
- Fireplace: Yes
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 2,662
- Total interior livable area: 2,662 sqft
Property
Accessibility
- Accessibility features: Elevator
Details
- Parcel number: 12.02
Features
- Levels: 3 Story
- Stories: 3
- Pool features: In Ground
- Exterior features: Fenced Yard,Outdoor Shower,Pool-In Ground
- Fencing: Fenced
Lot
- Lot size: 2,718 sqft
- Features: Corner Lot
- Lot size dimensions: 43.5 x 62.5
Parking
- Total spaces: 2
- Parking features: Garage,Attached Garage
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Strong Wind
- Coastal Flooding
- Hurricane
- Winter Weather
- Cold Wave
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $17,192 | $206,304 |
| Home Insurance * | $719 | $8,628 |
| Property Taxes | $4,928 | $59,136 |
| Electricity | $293 | $3,521 |
| Total | $23,132 | $277,584 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-01 | Listed for sale | $3,400,000 |
| 2025-08-02 | Listing removed | $2,950,000 |
| 2025-05-16 | Listed for sale | $2,950,000 |
| 2024-09-16 | Listing removed | $2,650,000 |
| 2024-08-13 | Listed for sale | $2,650,000 |
| 2023-06-02 | Listing removed | -- |
| 2022-11-25 | Sold | $1,200,000 |
| 2022-10-17 | Listed for sale | $3,975,000 |
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