– Rear facade of Richard Kurtz’s $68 million mansion located at 1 Frick Drive in Alpine, NJ –

(Photo By ANTOINETTE MARTIN)

Here is an article from the New York Times about Alpine, NJ’s lagging housing market. There have only been 7 real estate transactions in the past 7 months. The most expensive house to sell in Alpine this year was a house on Charney Drive that went for $3,525,000. I don’t think anyone is really surprised to hear this, considering it is the most expensive zip code in the entire country (also for the fact that who in their right mind would pay $68 million for a house in this economy). Richard Kurtz said that they had 4 interested buyers and that they are “crunching numbers”. So, we’ll see if it sells anytime soon.

CLICK HERE TO READ THE ARTICLE

  • Daniel

    The house, IF it sells, will be in the mid to high twenties…maybe low thirties if he throws in a few toys such as a Patek Philippe, a Bentley and a dozen bottles of Dom.

    He can crunch those numbers all day long…s**t, wear a Captain Crunch outfit if he wants….but if there is someone truly interested, it will not be anywhere near his asking price.




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  • CincyRob

    Love the Cap’n Crunch reference. I say it should go for eighteen to twenty million but not more than thirty.




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  • Andrew

    A similarly sized house on a similarly sized lot in the Rio Vista neighborhood of Alpine sold (not listed) for $40 million years ago, so I don’t think this price is too outrageous.




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  • Barney

    Ya’ know, you guys……maybe it’s just my age (49) and (GASP!) my common sense showing, but IF any of you could ACTUALLY AFFORD a house in the (for arguments’ sake) in the 20 to 40 million dollar range, WOULD you REALLY spend THAT much on ANY house?!?! While HOTR is my favorite real estate blog in the net, I’ll always believe that perfectly stunning & MORE than accommodating homes for mostly EVERYone can be bought for a MERE one to five million…….(again, GASP!)

    I’ve said before in countless other posts here, that NO ONE loves beautiful homes, furniture, art, accessories, lots, addresses, land, landscapes & architecture more than myself, BUUUUUUUUUUUUT………EVEN if I was worth half a BILLION (and trust me, I CAN imagine it with NO problem) I could NEVER, repeat never spend tens of millions of dollars on ONE “single family home”, UNLESS it was on its OWN island in the most breathtakingly stunning tropical places on earth…..and even then I’d have to be JUST SHY of being brainwashed to spend THAT kind of incomprehensible cash.

    It really takes my breath away to even just read how casually waaaaay too many people people write numbers like that, then actually admit that they think they could spend THOSE kind of MULTIPLE KINGS’ RANSOMS on ONE HOUSE!!! I’ll go so far as to say the I’m completely confident that none of us (myself included) really has the TRUE ability to HONESTLY comprehend just how much these properties cost, EVERYTHING included! Know what I mean?




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    • Daniel

      I hope you’re sitting down when reading this and not eating/drinking anything, but in 100% honesty, I could spend $80-$120 million on my dream house, which I have narrowed down to about 5 or 6 in Palm Beach, and only in Palm Beach. No $200+ million penthouses in London or $100+ Beverly Hills manse for me, just an oceanfront Palm Beach stunner.

      Personally, I see how people can say that 30, 40 or 50,000 sq ft is a certifiably insane amount of space for ONE family, but I’ve been in huge homes (20,000+ sq ft) and it honestly depends on the design and layout. Dare I say that some homes in the 50,000 sq ft range can and do feel more livable than a poorly executed home half the size.

      If I had billions of dollars, I would spend it on myself in 2 ways: Home and cars…lots of cars…..40 or more. But I also wouldn’t forget my friends, family and everyone else. What fun is it being rich if you won’t share it with anyone else?

      And if you’re curious to see which homes I’d spend the money on…

      1) 1415 S. Ocean Blvd.
      2) 1236 S. Ocean Blvd.
      3) 601 N. County Rd.
      4) 1500 S. Ocean Blvd.
      5) 1295 S. Ocean Blvd.
      6) 1574 S. Ocean Blvd.

      Each of those homes would sell/have sold for in the price range I mentioned. If someone handed me a billion in bearer bonds today, I would be knocking on each of the owner’s homes tomorrow, Lawrence A. Moens in hand to complete the deal for me!




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