Real Estate

Will Real Estate Revenue Surplus Lower Margate Taxes?

With all that Margate real estate revenue surplus, why no tax relief? That simple question came from the public comment portion of Margate’s recent Commission meeting on Sept. 15, 2022. $50 million in new ratables last year. This year, it’s even more. Where’s all that new tax revenue going? Margate Commissioner of Finance, Maury Blumberg …

Will Real Estate Revenue Surplus Lower Margate Taxes? Read More »

Ventnor Considers One Week Minimum for Rentals

AirBnB’s and short terms renewals are make parking worse in the Downbeach area. Some say it’s negatively affecting the quality of life in Ventnor and Margate. There is no minimum rental period in Ventnor. You can rent a single Saturday night in Ventnor. Margate has one week, rental minimum. Watch video from AUG 11, 2022 …

Ventnor Considers One Week Minimum for Rentals Read More »

Downbeach Rental Properties Need Lead-Based Paint Inspection

Margate Commissioners planning to update rental property ordinances reflecting stricter rules regarding lead-based paint. New laws went into effect in July of 2022, mandating municipalities perform, or require landlords to certify there are no lead hazards to children in rental properties. LISTEN > Rentals must be inspected and/or certified every two years. Lead poisoning can …

Downbeach Rental Properties Need Lead-Based Paint Inspection Read More »

Live Like Royalty at 5000 Condo on Ventnor Boardwalk

One of the most sought after condos on the Ventnor Boardwalk. The famous 5000. Check out this listing: 1 Bedroom, 1.5 Baths with a reserved parking spot. NEW PRICE: $439,000. Large sun filled unit with beautifully crafted wood floors. Laid back relaxing large living room. The dining area features lovely island views. Kitchen appointed with …

Live Like Royalty at 5000 Condo on Ventnor Boardwalk Read More »

DownbeachBUZZ Real Estate Webcast for Aug 2022

Stabilization of the Downbeach Real Estate market? That’s the question we ask Sherri Lilienfeld of Apex Prime Realty. Margate and Ventnor have seen, on average, 20-25% year-over-year home price increases. Unsustainable. Average price of Margate home is now $1.8m. Used to be $600k. Margate had 8 price reductions last month. Ventnor inventory rose from 51 …

DownbeachBUZZ Real Estate Webcast for Aug 2022 Read More »

Taming Ventnor Short-Term Rental Chaos

Watch video. Ventnor Commissioners met on Thursday, July 14. Up for discussion: the good and bad of short-term rentals and construction code enforcement. Margate rental rules requires a minimum stay of one week. Ventnor has no minimum requirements for short term rentals. Will Ventnor increase the number of nights required for short-term rental agreements? Currently, …

Taming Ventnor Short-Term Rental Chaos Read More »

Downbeach Mixed-Use Real Estate Development Bolsters Business District

Planning and Zoning boards love stuff like this. Mixed-use Real Estate development. Commercial at street level, residential on top. Towns like Ventnor and Margate looking to slow the mad rush. Stop / slow the converting of retail properties into more lucrative, residential / single family homes. Bolstering Business Districts. Recent example: Former Delaware Meat Market …

Downbeach Mixed-Use Real Estate Development Bolsters Business District Read More »

New Construction for Sale in Margate and Ventnor

Listing Courtesy Darlene Rambus of COLDWELL BANKER ARGUS REAL ESTATE. 8 S MELBOURNE AVE, VENTNOR 6 BRs, 4 Full baths, 2 half baths. $2,100,000 Ready for ground breaking. New construction. Excellent location. Situated on a wide residential street. One and a half blocks to the beach. Minutes from restaurants and shops. This home boasts 9 …

New Construction for Sale in Margate and Ventnor Read More »

Margate Homeowners Voice Frustration with Planning & Zoning Board

Margate residents question aggressive building and over-development OK’ed by Margate’s Planning and Zoning Board. Watch video clips from recent Margate Homeowners Assn meeting of May 28, 2022. The downside of over-development. Towering home heights. Skinny frontage. Loss of parking. There are 3 builders on Margate’s Planning Board that have personal interest in more construction? Rules …

Margate Homeowners Voice Frustration with Planning & Zoning Board Read More »

Ventnor To Auction Mixed-Use Property Within Business District.

The Ventnor City-owned parcel of land at 6512 Ventnor Ave will be auctioned off on May 31. Minimum bid price is $270,000. The property is the former site of a building destroyed by fire during the Summer of 2019. It was quickly demolished the very next day. Ventnor City Commissioner Lance Landgraf said the city …

Ventnor To Auction Mixed-Use Property Within Business District. Read More »