Margate City at 31 N Essex Ave, Margate
Margate City at 31 N Essex Ave, Margate, photo 2 of 9
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Margate City at 31 N Essex Ave, Margate, photo 9 of 9
9 photos

$2,799,000

31 N Essex Ave
Margate, NJ 08402
Bedrooms
5
Bathrooms
3.5
Living area
N/A
Year built
2026

About this home

BEST DEAL ON THE ISLAND! Discover elevated coastal living in this exceptional luxury new construction home in Margate, ideally located just one block from the beach and moments from the area’s best shops and dining. Thoughtfully designed with sophisticated finishes and effortless flow, this residence offers a refined shore lifestyle with every modern convenience. Featuring 5 generously sized bedrooms and 3.5 beautifully appointed bathrooms, the home blends comfort, privacy, and flexibility for hosting family and guests. A four-stop private elevator provides seamless access to every level, while an elegant wet bar sets the stage for effortless entertaining. Step outside to your own private pool—a serene retreat perfect for relaxing after the beach. Additional highlights include an outdoor kitchen, a one-car garage and quality craftsmanship throughout, delivering both luxury and peace of mind. A rare Margate offering—new construction, premier location, and timeless coastal elegance, all just steps from the sand.

Property details

MLS #
604175
Property type
Margate City
Subdivision
N/A
Status
Active
Days on market
261
On market date
January 24, 2026
Stories
N/A
Total bathrooms
3.5
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
William H. Ross III School
0.21 mi away · Grades -1-4
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
197
Student:teacher ratio
7.6:1
District
Margate City School District
Middle
Eugene A. Tighe Middle School
0.19 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
163
Student:teacher ratio
7.1:1
District
Margate City School District
High
Atlantic City High School
2.69 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,724
Student:teacher ratio
11.8:1
District
Atlantic City School District

Walkability

Blended score for Margate's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

87
Highly walkable
out of 100
EPA National Walkability Index
16.3 / 20 -- Most walkable
Google Places amenity density
95 / 100
Restaurants & cafes20
Grocery stores3
Parks10
Schools11
Transit stops20
Pharmacies2

Market position

How this listing compares to current activity in Margate, from live MLS data.

On the market 261 days -- 119 more days than Margate's current average of 142 days.
For reference, the median list price across 62 active listings in Margate right now is $2,410,750.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$17,006/mo
$559,800 down
$2,239,200 loan
Principal & interest$14,523
Property tax (est.)$2,333
Home insurance (est.)$150

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Data source: Listing information provided by SJSR via Trestle/CoreLogic. Last updated 29 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.