In the 19th century, Absecon Island's Margate was known as South Atlantic City. Less than 30 years later, the city was rechristened after England's seaside town, Margate. Today it's better known as the home of Lucy the Elephant, six stories high and more than 100 years old. These three homes demonstrate the extent to which luxury real estate rules the seaside and the bayside.

7901 Bayshore Drive
$5,000,000
Monthly taxes: $4,318
Tell me all about it: This five-bedroom bayfront home boasts views from every room and a master suite with a Jacuzzi tub, dual closets and a private deck. The home includes radiant-heated floors, a kitchen with two dishwashers and two wine coolers, and an in-ground pool and deck out back. Bonus: you also get four boat slips for your collection.

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111 S. Iroquois Ave.
$3,999,000
Monthly taxes: $2,869
Tell me all about it: This four-bedroom oceanfront home offers an open floor plan on the first floor and an enormous master suite upstairs. The master includes two private decks, a sauna and a third-level observatory with 360-degree views. The home also includes a heated detached garage.

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106 S. Clarendon Ave.
$3,290,000
Monthly taxes: $2,863
Tell me all about it: We love this striking contemporary home on the beach. Unlike so many other beach homes, this four-bedroom home features sleek, clean lines throughout. We love the walls of windows and the central glass atrium. The kitchen features Quartzite countertops, a built-in carbonation system, and Thermador Pro and Sub Zero appliances. The master suite encompasses the entire third floor of the home and boasts a soaking tub. Outside, the oceanfront Trex deck includes surround sound and is ready for a movie projector.

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