new - 9 hours on rocket

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

$2,450,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
5 Full Baths, 1 Partial
3,500 SqFt
$700/SqFt
Condo

Location

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119 N Madison Ave Unit B, Margate City$2,450,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
ParkingTwo Car
Garage2 spaces
Year BuiltNew Const., 2025
HeatingForced Air, Natural Gas, Zoned
CoolingCeiling Fan(s), Central Air, Electric, Zoned
WaterfrontMarina, See Remarks
FireplaceLiving Room
ViewMarina, See Remarks
MLS #590871
StatusActive

About 119 N Madison Ave Unit B

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Townhouse
  • Year Built: 2025
  • Living Area: 3,500 SqFt

Listing Office:

  • Office Name: BHHS FOX and ROACH-Margate
  • Office Phone: (609) 822-4200

Interior Features

Interior Information:

  • Appliances: Disposal, Dishwasher, Dryer, Gas Oven, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Flooring Type: Hardwood
  • Interior: Elevator, Fireplace(s), Foyer, Kitchen Island, Master Bath
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Marina, See Remarks
  • View: Marina, See Remarks

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Two Car

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: on Madison Ave between Monmouth and Winchester Aves

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,450,000
  • Price Per SqFt: $700/SqFt

HOA Fees:

  • Amount: $0
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Margate City, NJ.

Med. Sold Price

$860K

Med. Price/SqFt

$582

Avg. Days On Market

41

# of Sold Homes

29

119 N Madison Ave Unit B vs Margate City

1 DAY ON ROCKET

-40 Days

$2,450,000

+$1.5M More

$700/SqFt

+$117 More

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $117/SqFt more than other homes in Margate City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #590871

Listing Office:

  • Office Name: BHHS FOX and ROACH-Margate
  • Office Phone: (609) 822-4200

Broker Reciprocity Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 2:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$12.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,412

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-284886
9
/10
  • William H. Ross III Elementary School

  • 101 N Haverford Ave

  • 1.03 miles

  • Public District Grades PK-4

school-card-donut-284887
8
/10
  • Ventnor Elementary School

  • 400 N Lafayette Ave

  • 1.66 miles

  • Public District Grades PK-4

school-card-donut-284888
6
/10
  • Seaview Elementary School

  • 2013 Wabash Ave

  • 3.59 miles

  • Public District Grades PK-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $72,390. Most Margate City, NJ residents have annual incomes between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 119 N Madison Ave Unit B

What is the listing price of this property?

The listing price of 119 N Madison Ave Unit B property is $2,450,000.

What type of property is this?

The property 119 N Madison Ave Unit B is a condo located in Margate, New Jersey, 08402.

Is this property for sale now?

Active Listing: 119 N Madison Ave Unit B is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 119 N Madison Ave Unit B has 5 bedrooms and 5 full and 1 half bathrooms.

What is the square footage of this property?

The property 119 N Madison Ave Unit B is 3,500 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 119 N Madison Ave Unit B is 2025.

Rocket HomesNew JerseyAtlantic CountyMargate City08402119 N Madison Ave Unit B

This home is located at 119 N Madison Ave Unit B in Margate, NJ and zip code 08402. This 3,500 square foot home was built in 2025. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since November 16, 2024 and is currently priced at $2,450,000.

In October 2024, from all listings sold in Margate City, NJ there were more than 4 sold above asking price, over 15 sold below and more than 2 were sold right at the asked price. In October 2024 in Margate City, NJ there were 3.6% less homes for sale than in September 2024. In October 2024, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $860,000.

From Rocket Homes Real Estate and based on county public records data.

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