$4,950,000

An extraordinary opportunity to own a premier bay front property in Margate’s prestigious Parkway section, one of the island’s most exclusive and highly sought-after waterfront enclaves. Set on an impressive 60' x 100' bay front lot with coveted southern exposure, this exceptional property commands sweeping, protected panoramic views of the bay and spectacular sunsets, creating a waterfront setting of remarkable beauty and privacy. The existing two-story residence offers 3 bedrooms and 3 full bathrooms, providing the option to enjoy the property today while envisioning an exceptional custom bayfront estate. The property is further distinguished by owned riparian rights, four private boat slips, and a bulkhead installed in 2000—an outstanding combination for the discerning waterfront buyer. For those looking to create a legacy residence, the site offers the potential to build approximately 3,385 square feet of interior living space, exclusive of decks and garage, along with an extraordinary outdoor environment featuring an in-ground pool of up to approximately 54 feet in length. Opportunities of this caliber are exceedingly rare. An oversized bay front parcel, southern exposure, protected water views, substantial boating accommodations, and a coveted Parkway address come together to create a truly irreplaceable offering and the ideal canvas for one of Margate’s finest waterfront estates. Walk to restaurants, the beach, and enjoy everything Margate has to offer!