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Location: 104 Cedar Drive, Colts Neck, NJ

Price: $7,999,999

Square Feet: 21,000

I have been waiting so long for this home to hit the market…and it finally has!!! It is one of the largest homes in Colts Neck, NJ, which is known for its lavish homes. The home belongs to David Findel, the owner of mortgage company Worldwide Financial Resources. The Colts Neck man gained attention last year when he paid $400,000 for the rights to buy two 50-yard line seats at Jets games in the new Meadowlands stadium. He was also just accused of conducting an $11 million mortgage scam. The home has a massive man made lake and beautiful landscaped grounds. It contains 7 bedrooms, 9 bathrooms, a massive foyer with double staircase, marble floors throughout, a gargantuan great room/ballroom with overhead balconies, a huge kitchen with double islands, a library, a large master bedroom, numerous recreational spaces, a gym, a barber shop, a home theater, a wine cellar, and much much more.

CLICK HERE FOR THE LISTING

  • tony

    Daniel=the correct. This guy went farther out of his way to make that place look UGLY than most owners will go to make their mansions look lavish. those domes on the exterior are beyond goofy and gotta love that line in the description: “there’s no shortage of accommodations”….uh yeah, except for a swimming pool.




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  • Venom

    Shocking,, a criminal mortgage broker.
    Who would have guessed?
    The federal government will own this soon when they seize it.
    Other than that I kind of like the house, it is not bad.




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    • Tim

      For the record, Dave Findel was not and never was a Mortgage Broker. In fact he couldnt have done what he did if he was a Broker. He was a Banker. Wold of difference.




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  • Daniel

    Thank you AK for your splendid review of my opinion.

    Yes, I’m sure someone other than the architect and interior designer had something to do with the house. Someone who has absolutely no taste or originality. This home mixes traditional, contemporary, French, and a slew of other mix-matched styles. The overall effect is less than flattering.

    Don’t be disingenuous AK, I did like some of the features of the home.

    See AK, but my house isn’t the one being offered for sale at nearly 8 million dollars. I could care less if someone disagrees with my taste, but I can tell you, ANY sane person who has a shred of knowledge about architecture or interior design will agree that this house is proportioned poorly, has Home Depot grade finishes, and is purposely made to look like something it is not. Sure, the owner must like the way it looks, considering they bought and/or built the place. But something tells me this mini-Madoff didn’t exactly break a sweat designing the place.

    Would I be saying anything about it if it was not on the market? No, your right, I would have not. I don’t live in the northeast, so I wouldn’t know about this house otherwise. I wouldn’t know about it unless it was mentioned in this blog. But considering it is on the market, I have the absolute right to state my opinion.

    AK, you are dead wrong about number 6. Anyone who INVESTS in a home of this size is ALWAYS thinking in the back of their head, “Hey, what is the potential price I can get for this in 5, 10 or 15 years?” Ya, it’s a custom home and built to suit your needs, but it is also one of the biggest investments in a person’s portfolio.

    And I think my comment about the wine cellar was dead on, because I WOULD BET MY LIFE that the cellar hasn’t seen a tenth of its capacity.

    Best wishes, AK!




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  • Daniel

    OH MY GOD! What the hell kind of mansion for 8 million doesn’t have a swimming pool?!?!?
    Great freaking house…

    Thank you Tony for pointing that out.




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  • architect121

    I have to agree with daniel. this house is very ugly. I know I am only 12, but i truly think i have more experience in architecture and design than the person who built this. It is ugly, bland, gaudy, and seems very unlivable




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  • AK

    Haha. Well, thank you for your response Dan. I was simply giving a different side to your opinion, devils advocate could be a way to describe it. I do happen to know a good deal about architecture and interior design. But notice that I never said that I liked the way that house looks. I think it is ugly beyond belief. I’m a fan of center entry homes. A house this big with the foyer all the way on one side just doesn’t make much sense. Don’t even get me started on the great room. Ostentatious is probably the best description. And I’ll agree with everyone else, I don’t know how you have a house like this without a pool. Maybe the pond is where these people like to swim. I would love to write more, but I’m sure I would upset a reader that actually likes this house…I agree with you that my #6 point is wrong, but only to an extent. I didn’t word that anywhere near what I had hoped. I have been in places, and I’m sure you have to, where driving by the house, you have no hope of seeing it due to high walls, etc. So yes, everyone has the thought about the return on their investment, but that doesn’t stop them from blocking it from view. Obviously privacy is paramount for people with that much money in most cases. I know as well as you that the bigger a house becomes, it gets harder to make them look grand and beautiful. There are plenty of nice ones, but for every nice one there is usually a matching ugly home, such as this one.




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  • Daniel

    LOL! Well thanks…could have saved me a whole lot of time and trouble by just stating what you thought about it in the first place!




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  • AK

    I know, my fault. I have pretty much the same views as most of the people that view this blog. At least we both agree that this house is pretty disgusting to look at, and probably isn’t worth talking about, lol.




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  • Guest

    I have actually been in this home and I think it’s funny how awful you think it is. The reason it doesn’t have a pool is because the town wouldn’t approve it. If you knew the owner you would know that too much money went into the details and finishes of his home.




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    • Anthony Lozano

      Pool??!? It had a damn man-made lake. Who needs a pool.




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  • Daniel

    If that is true, then he should sue whoever overcharged him for “details and finishes”.

    The town won’t approve it? No surprise there, as the architect is a moron who forgot to incorporate one into the design until it was too late.

    You can clad s**t in gold and it’s still s**t at the end of the day…




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  • David Swindel

    What is laughable is Colts Neck’s Architectural Review Board. They pretty much let anyone build any ugly thing they want. As ugly as this thing is, it’s not the ugliest structure in town. Has anyone seen the Holiday Inn like monstrosity that passes for a residence on Five Points Road?




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    • admin

      Yeah, that mansion is huge! Do you have any idea what the square footage is?




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  • Brian

    Just ugly




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  • bossy600

    If the government wants to ever find all the white collar criminals the best place to look is in these types of neighborhoods because a high percentage probably stole the money to build the houses that most people could never afford.

    Nice tile though and love the kitchen.




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  • RichErich

    BAD design !!!




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  • Shelly

    It’s extremely sad that this amazing mansion that had everything in it is now completely trashed and damaged and vandalized and looks nothing like these pictures anymore! It’s sad how people take it upon themselves to just damage other people’s property no matter who owned it lack respect for all of the property. I just watched a video on YouTube of the abandoned property… huge shame the amount of damage done to this home.




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    • Ken Barber

      I saw the same video. I noticed that the mansion is not off the main road, you can’t accidently pass it, you have to know exactly where it is. I also saw a real estate website that showed that the owner David Findel sold the property to a company in 2004 for $1.00 and bought it back from the same company for $10.00 ONLY A MONTH LATER. Can someone explain that?




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      • The WhiteHouse Party

        Probably foreclosure or bankruptcy… or a scheme to not pay the mortgage.




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        • Ken Barber

          I totally agree with you. There are so many things that are strange to me such as: Findel sold the house for $1.00 to an LLC, could Findel have created the LLC that bought the house?




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          • The WhiteHouse Party

            Yes, also probably gifted the property to the llc… there are many ways to cheat tax code and what not…




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          • Ken Barber

            I wish there was a video called TAX CHEAT 101, explaining to us average guys how this works. It sounds like the guy with the mansion could create an LLC, sell the house to his LLC and sell it back to himself, reducing the value to from $8 million to $10.00 ? Why would a town allow the loss of tax revenue without an investigation ?




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    • Ken Barber

      I saw another video by the same video guys about an abandoned mansion in Darby, PA. Other than decay from old age, the place was not destroyed, just a little graffiti here and there ??




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  • diejewdie

    His name is jewish right?




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  • Phyllisann Marie Ferrara

    I think the house is impractical.. kitchen is way too dark for my taste, but then again, I don’t own a 8 million dollar house; but I do have some questions for the feds.. is there a number I can call? I am dyin to kno the answers to the following:

    1. Where are the children? and the wife? interesting that only ”David” is on the deed?

    2. If David Findel stole more than 10 million, and this house is (only) worth 7 or 8 million, may I ask why didn’t the feds take ownership of the house /property, and sell it BEFORE the house got destroyed (probably by the people that were ROBBED by D Findel!)?

    3. If David Findel does not have the 11 or so million to return to the people he stole $$ from, then, how the heck does he pay taxes on that 7 or 8 million dollar house????

    I’m really curious how he pays the real estate taxes; more curious that I’m the only one askin!!

    finally,

    4. Not that I need to know ”where he is now,” but, who the heck would hire this guy? And, isn’t it nice that he’s got the bread to live elsewhere, instead of returning to his dream home.




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    • Linda Verkade

      It burned down this morning…




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    • ddc

      Burned down this morning it was in bad shap, I was trying to find out if i could buy and fix up but there was a issue as to who own the house (bank or banks) not surprising it burned down i thing something fishy going on.




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      • Pickles The Drummer

        they blamed “vandals” but i have a feeling either someone in the town wanted it gone (they were complaining about the massive parties and vandalism) or Findel had something to do with it




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  • Swurvin Jrb

    This dirtbag should have been left it while the house burned down. Unethical prick.




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