Huge N.J. mansion sells for bargain price in ‘phenomenal deal’ after 6 years on the market

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The 14,500-square-foot house was originally listed for $16.74 million.

The home is 14,500 square feet and sits on more than 4 acres.It went on and off the market throughout the pandemic real estate boom, and finally just closed for $6.1 million — $400,000 less than its last list price of $6.5 million.“It was a phenomenal deal,“ said Dennis M. McCormack, of Prominent Properties Sotheby’s International Realty in Alpine, the listing agent.

By June 2023 it was lowered again to $6.995 million. The final price reduction was in July 2024 when it was listed for $6.5 million. The buyers were from the United Kingdom and had looked at about 50 houses before buying this one, said Grazyna“They wanted multiple acres, in a pretty area — they wanted a ‘wow’ house,” she said.“The cost to build it was like $15 million. But that was then, when it was new,” she said. “It was just the right time for the buyer and seller to make a decision.”

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