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119 N Madison B Ave #B, Margate, NJ, 08402

5beds
6baths
3,500sqft
$2,650,000
$757price/sqft
$18,451/moest. monthly cost
$738,040/yrincome needed

About This Home

Luxury new construction, featuring 5 “en’suites” & 5.5 luxurious bathrooms, plus a convertible den. Located in Margate’s highly desirable Marina District boasting perhaps, the most convenient location on the island. Allowing for a quick and pleasant stroll to Margate's fun and exciting shopping district, casual and fine dining establishments, kid friendly entertainment and of course, Margate's best beaches. You will be amazed at the architectural ingenuity and creativity on full display, taking advantage of the newest elevation 14 design. Exterior features include, maintenance free Hardy backer siding, beautifully accented with Azek trim boards and complemented with the use of a standing seam roof and stone foundation. The oasis like rear yard is the epitome of Shore living, featuring super sized veranda area, overlooking your enormous private rear yard, highlighted with a 16 x 12 Gunite heated pool. Grade level features include- 2 car garage leading into your foyer area with private Elevator which leads to a double slider providing easy access to the rear yard entertaining space. 1st level features open floor plan concept with oversized windows and soaring ceilings creating dramatic space. The family friendly chef kitchen is highlighted with large center island which easily will accommodate 5 stools and boasts custom cabinetry, complete with accent and task lighting, Quartz countertops and high-end appliances. The oversize living room is plenty large for entertaining all of your family and guests and Leads to a large sun deck. The rear of the level offers a “true” laundry area, half bath and den with double slider leading to another entraining deck, overlooking the pool area. 2nd level offers 3 oversized and luxurious en’suites with the rear bedroom having a private deck, overlooking the rear yard. The primary suite offering dual vanities, amazing fully loaded shower, custom tiles, walk-in closet, and private deck access. A 2 nd laundry room rounds out the level. 3rd level offers a rare amenity, 2 large bedrooms, both being en’suites along with a common entertaining deck. This development project is truly one of a kind! Builder/Seller reserves the right to change the architectural drawings/amenities with no notice whatsoever.

Getting Around

50
WalkingCar-Dependent
0
TransitVery Limited Transit
49
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Construction materials: See Remarks,Stone

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Gas Stove,Microwave,Refrigerator,Self Cleaning Oven,Washer

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 5
  • 1/2 bathrooms: 1

Features

  • Elevator,Fireplace(s),Foyer,Kitchen Island,Master Bath,Eat-in Kitchen,Pantry
  • Flooring: Hardwood
  • Fireplace features: Living Room
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air,Natural Gas,Multi-Zoned
  • Cooling features: Ceiling Fan(s),Central Air,Electric,Multi-Zoned

Interior Area

  • Total structure area: 3,500
  • Total interior livable area: 3,500 sqft

Property

Accessibility

  • Accessibility features: Elevator

Details

  • Parcel number: 415

Features

  • Levels: Three
  • Has view: Yes
  • View description: Marina,See Remarks
  • On waterfront: Yes
  • Waterfront features: Marina

Parking

  • Total spaces: 2
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Coastal Flooding
    Coastal FloodingVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Hurricane
    HurricaneModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Inland Flooding
Strong Wind
Hurricane
Winter Weather
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

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

MonthlyAnnual
Mortgage $13,399$160,788
Home Insurance *$560$6,720
Property Taxes $4,107$49,284
Electricity $385$4,629
Total$18,451$221,412
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$632,605/yr
40% on housing$553,530/yr
45% on housing$492,026/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

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.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -2.6%
-2.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$757This listing

vs Other Active Listings

Avg $/sqft

ZIP 08402$686
Atlantic County$263

vs Homes Sold Last Month

Median $/sqft

ZIP 08402$782
Atlantic County$228

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

DateEventPrice
2026-01-29Price change$2,650,000
2025-11-17Listed for sale$2,450,000
2025-11-16Listing removed$2,450,000
2024-11-16Listed for sale$2,450,000

New Construction

AgentTROY ROSENZWEIG
BrokerageBHHS FOX and ROACH-Margate

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