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Sold for $2,650,000
  • $2,650,000

    127 N Madison Ave, Margate, NJ 08402

    5beds
    --sqft
    Single Family Residence
    Built in ----
    3,750 Square Feet Lot
    $2,892,100 Zestimate®
    $--/sqft
    $4,738 Estimated rent

    Home value

    $2,892,100

    $2.55M - $3.30M

    $4,738/mo

    Zestimate® history
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    What's special

    Luxury finishesLarge in-ground gunite poolDual walk in closetsFloor-to-ceiling windowsMultiple oversized entertaining decksAir-conditioned entry spaceSleek linear crystal-electric fireplace
    Experience unparalleled luxury in this stunning newer home, perfectly situated in Margate's highly desirable marina district. Located just three blocks to the beach and walking distance to the finest dinning, shopping and family fun activities Margate has to offer. The exterior is designed for both beauty and functionality, featuring multiple oversized entertaining decks with breathtaking bay views and a bonus glimpse of the ocean. The overly spacious rear yard is a true oasis, complete with a large in-ground Gunite pool, a family-friendly veranda, and a lounging area complete with an outdoor bar and TV. A convenient garage and a custom-built, professional-grade sauna add to the appeal of this home. Ground Level: Step through custom double doors into an air-conditioned entry space that provides access to the garage, the rear entertaining area, and the sauna—an ideal setup for relaxing or hosting guests. First Floor: This level boasts an incredible chef’s kitchen equipped with upgraded high-end stainless steel appliances, 42-inch custom cabinetry, and an oversized L-shaped island, perfect for casual dining. The elegant family room features floor-to-ceiling windows that flood the space with natural light and a sleek linear crystal-electric fireplace as the focal point. A custom-built bar, complete with an ice maker, beverage center, sink, and storage, is conveniently located off the kitchen and leads directly to the fourth deck, overlooking the pool. The entire home is operated on a smart home system controlling lights, security and entertainment features. Second Floor: The impressive primary suite offers a private deck, dual walk in closets, and a stylish, spa-like bathroom. Two additional en-suite bedrooms complete this level, providing plenty of space and comfort for family or guests. Third Floor: The third level is a showstopper, featuring a family/media room with another wet bar, a stunning full bathroom with custom tile and designer fixtures, and a spacious deck with captivating bay views the perfect place to enjoy sunsets and the summer breeze. A generously sized bedroom with large windows and ample closet space rounds out this floor. With luxury finishes throughout and every amenity thoughtfully included, this home is perfect for year-round living and entertaining. Don’t miss the opportunity to own this masterpiece in Margate’s premier location!

    Zillow last checked:

    Listing updated:

    Listed by:

    LINDA NOVELLI 609-839-3715,

    Compass Real Estate-Margate,

    VINCENT NOVELLI 609-335-4501,

    Compass Real Estate-Margate

    Bought with:

    VINCENT NOVELLI, 1969818

    Source: SJSRMLS,MLS#: 593324MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Den/TV Room, Dining Room, Great Room, Laundry, Loft, Recreation/Family
    Heating
    • Forced Air, Natural Gas, Multi-Zoned
    Cooling
    • Ceiling Fan(s), Central Air, Multi-Zoned
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
    Features
    • Bar, Carbon Monoxide Detector, Elevator, Kitchen Island, Sauna, Storage, Walk-In Closet(s), Eat-in Kitchen, Pantry
    • Flooring: Hardwood
    • Has basement: No
    • Has fireplace: Yes
    • Fireplace features: See Remarks

    Property

    Parking
    • Parking features: See Remarks
    Accessibility
    • Accessibility features: Elevator
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Patio
    • Exterior features: Cabana, Deck, Fenced Yard, Outdoor Shower, Patio, Pool-In Ground, Sprinkler System
    • Pool features: In Ground
    • Fencing: Fenced
    Lot
    • Size: 3,750 Square Feet
    • Dimensions: 50 x 75
    Details
    • Additional structures: Storage, Cabana
    • Parcel number: 49

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    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
    Location
    • Region: Margate

    Financial & listing details

    • Tax assessed value: $1,663,600
    • Annual tax amount: $28,414
    • Date on market: 2/21/2025
    • Date available: 02/21/2025

    Price history

    DateEventPrice
    5/19/2025Sold$2,650,000-11.7%
    Source: SJSRMLS #593324 Report a problem
    4/28/2025Pending sale$3,000,000
    Source: SJSRMLS #593324 Report a problem
    2/21/2025Listed for sale$3,000,000-7.7%
    Source: SJSRMLS #593324 Report a problem
    2/20/2025Listing removed$3,250,000
    Source: SJSRMLS #592181 Report a problem
    1/16/2025Listed for sale$3,250,000+35.4%
    Source: SJSRMLS #592181 Report a problem
    3/3/2023Sold$2,400,000+8.2%
    Source: Public Record Report a problem
    8/5/2022Sold$2,218,1250%
    Source: Public Record Report a problem
    5/26/2022Sold$2,218,215-7.5%
    Source: SJSRMLS #561424 Report a problem
    5/24/2022Pending sale$2,399,000
    Source: SJSRMLS #561424 Report a problem
    4/22/2022Listed for sale$2,399,000
    Source: SJSRMLS #561424 Report a problem
    4/22/2022Pending sale$2,399,000
    Source: SJSRMLS #561424 Report a problem
    4/5/2022Listed for sale$2,399,000+357%
    Source: SJSRMLS #561424 Report a problem
    2/9/2021Sold$525,000-65%
    Source: Public Record Report a problem
    2/8/2021Pending sale$1,499,000
    Source: SJSRMLS #543617 Report a problem
    12/23/2020Contingent$1,499,000
    Source: Berkshire Hathaway HomeServices Fox & Roach via Local MLS #543617 Report a problem
    10/29/2020Pending sale$1,499,000
    Source: BHHS FOX and ROACH-Margate #543617 Report a problem
    10/24/2020Price change$1,499,000+2.7%
    Source: BHHS FOX and ROACH-Margate #543617 Report a problem
    10/17/2020Listed for sale$1,459,000+1435.8%
    Source: BHHS FOX and ROACH-Margate #543617 Report a problem
    7/13/1999Sold$95,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$28,414 $1,663,600
    2024$28,414 +3.5%$1,663,600
    2023$27,449 +435.4%$1,663,600 +231.6%
    2022$5,127 +0.5%$501,700 +52.3%
    2021$5,101 +0.4%$329,500
    2020$5,081 -1.3%$329,500
    2019$5,150 $329,500
    2018$5,150 -0.1%$329,500
    2017$5,157 +5.2%$329,500
    2016$4,903 +1.9%$329,500
    2015$4,811 -0.3%$329,500
    2014$4,824 +9.7%$329,500
    2012$4,396 +4.4%$329,500
    2011$4,211 +2.5%$329,500
    2010$4,109 +3.1%$329,500
    2009$3,987 +2.5%$329,500
    2008$3,888 -2%$329,500
    2007$3,967 $329,500
    2006-- $329,500 +231.8%
    2005-- $99,300
    2004-- $99,300
    2003-- $99,300
    2002-- $99,300
    2001-- $99,300
    Find assessor info on the county website

    Neighborhood: 08402

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $2,892,100
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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
    $2,892,100