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Sold for $7,799,000
  • $7,799,000

    1 S Sumner Ave, Margate, NJ 08402

    7beds
    --sqft
    Single Family Residence
    Built in ----
    7,200 Square Feet Lot
    $7,839,600 Zestimate®
    $--/sqft
    $5,318 Estimated rent

    Home value

    $7,839,600

    $7.13M - $8.62M

    $5,318/mo

    Zestimate® history
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    What's special

    Glass-railed staircaseBuilt-in grillLaundry roomStylish home officeGenerous veranda
    Step into unparalleled elegance with this custom-built home completed in 2023, perfectly situated at the corner of Ventnor and Sumner Avenue—just one block from the beach and walking distance to Margate’s best shopping and dining, including Tomatoes, Tideline, Sofia’s, Lambertis, and more. This exceptional residence combines sophistication, scale, and thoughtful design to create a lifestyle unlike any other. Boasting 5,583 square feet of interior living space, plus over 1,600 square feet of recreation and bonus areas, this four-story masterpiece features 7 bedrooms and 6.5 bathrooms, each crafted with meticulous attention to detail. Every element of the home has been designed to deliver comfort, style, and modern luxury, with seamless integration of technology via a Control4 smart home system that manages lighting, climate, security, and entertainment with ease. Enter through a bright, welcoming foyer with high ceilings and a glass-railed staircase that leads to the upper levels. A private elevator services all floors, ensuring effortless access throughout the home. The open-concept living room features one of the home’s most impressive features—a unique double-sided fireplace, offering warmth and ambiance both inside and on the wraparound deck, perfect for entertaining or relaxing. The chef’s kitchen is a culinary dream, with a double oven, oversized quartzite island, walk-in pantry, sleek cabinetry, and a built-in smart water dispenser. Sliding doors from the kitchen and living room flow to the deck, creating an effortless indoor-outdoor connection. This level also includes a bedroom with a full bathroom and a stylish home office. Upstairs, four bedrooms with private bathrooms provide luxurious accommodations, including a primary suite with a private deck and spa-inspired bath featuring gold fixtures and marble-look tilework. A laundry room and a coffee/bar station with a wine fridge add convenience and style. The top level offers two more bedrooms, a full bath, and an additional coffee/bar station with a wine fridge, ideal for guests or older children. The first floor is designed for entertainment, with a spacious living area overlooking the pool, built-in grill, ample space for alfresco dining, and a generous veranda. The backyard also features a spa, outdoor shower, and pristine landscaping, creating the perfect retreat. This is more than a house—it is a luxury, custom-built residence in the heart of Margate’s Parkway section, offering unmatched craftsmanship, technology, and style. Experience this extraordinary home—schedule your private tour today.

    Zillow last checked:

    Listing updated:

    Listed by:

    LINDA NOVELLI 609-839-3715,

    Compass Real Estate-Margate

    Bought with:

    ASHLEY FRANCHINI, 0018598

    Source: SJSRMLS,MLS#: 608393MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 7
    • Full bathrooms: 6
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Den/TV Room, Dining Area, Great Room, Laundry, Library/Study, Recreation/Family
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Attic Fan, Ceiling Fan(s), Central Air, Gas
    Appliances
    • Included: Burglar Alarm, Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
    Features
    • Bar, Carbon Monoxide Detector, Elevator, Kitchen Island, Storage, Walk-In Closet(s), Eat-in Kitchen, Pantry
    • Flooring: Hardwood, Tile
    • Has basement: No
    • Attic: Storage
    • Has fireplace: Yes
    • Fireplace features: Built-In

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Accessibility
    • Accessibility features: Elevator
    Features
    • Levels: 3 Story
    • Stories: 3
    • Patio & porch: Deck, Patio
    • Exterior features: Cabana, Deck, Fenced Yard, Outdoor Shower, Patio, Pool-In Ground, Sprinkler System, Whirlpool/Spa
    • Pool features: In Ground
    • Has spa: Yes
    • Spa features: Whirlpool/Spa
    • Fencing: Fenced
    Lot
    • Size: 7,200 Square Feet
    • Dimensions: 80 x 90
    • Features: Corner Lot
    Details
    • Additional structures: Storage, Cabana
    • Parcel number: 1

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Vinyl
    Condition
    • New construction: No

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Security: Carbon Monoxide Detector(s), Security System, Smoke/Fire Alarm, Burglar Alarm
    Location
    • Region: Margate

    Financial & listing details

    • Tax assessed value: $2,798,000
    • Annual tax amount: $50,000
    • Date on market: 5/30/2026
    • Date available: 05/30/2026

    Price history

    DateEventPrice
    7/30/2026Sold$7,799,000-13.3%
    Source: SJSRMLS #608393 Report a problem
    6/17/2026Pending sale$8,999,000
    Source: SJSRMLS #608393 Report a problem
    11/28/2025Listed for sale$8,999,000+520.6%
    Source: SJSRMLS #602741 Report a problem
    7/24/2020Sold$1,450,000-11.3%
    Source: SJSRMLS #536610 Report a problem
    5/5/2020Listed for sale$1,635,000+163400%
    Source: CENTURY 21 ALLIANCE-S104G #536610 Report a problem
    7/25/2013Sold$1,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$47,790 $2,798,000
    2024$47,790 +3.5%$2,798,000 +114.8%
    2023$46,167 +136.6%$1,302,400 +96.2%
    2022$19,512 +1.8%$663,900 -47.1%
    2021$19,162 +0.4%$1,254,000
    2020$19,087 +97.5%$1,254,000
    2019$9,662 $1,254,000
    2018$9,662 -50.1%$1,254,000
    2017$19,375 +5.2%$1,254,000
    2016$18,410 +1.9%$1,254,000
    2015$18,058 -0.3%$1,254,000
    2014$18,109 +6.7%$1,254,000
    2013$16,967 +3%$1,254,000
    2012$16,478 +4.5%$1,254,000
    2011$15,776 +2.5%$1,254,000
    2010$15,387 +3.1%$1,254,000
    2009$14,923 +2.6%$1,254,000
    2008$14,547 -2%$1,254,000
    2007$14,848 $1,254,000
    2006-- $1,254,000 +141.8%
    2005-- $518,600
    2004-- $518,600
    2003-- $518,600
    2002-- $518,600
    2001-- $518,600
    Find assessor info on the county website

    Neighborhood: 08402

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $7,839,600
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $7,839,600