A brand new bayfront home in Margate just hit the market at $17.85 million, and it could become one of the most expensive sales the town has ever seen. The new construction property is built to the kind of turnkey standard that today's Shore buyers increasingly expect.
- The home spans roughly 7,400 square feet with 6 bedrooms and 8 bathrooms
- It sits directly on the bay, one of Margate's most sought-after settings
- The listing reflects a broader shift toward new construction over renovation at the Shore
- Buyers with the means to build or buy new are increasingly unwilling to wait out a renovation timeline
As more new construction comes to market up and down the coast, it is resetting expectations for what a top-tier Shore property looks like, and what it is worth.
Photo: Courtesy of NJ.com
