The grand 30,000 square foot Stone Mansion estate, located in ritzy Alpine, NJ, has upped its asking price yet again. Listed back in June of 2010 for a whopping $68 million, the lavish gated mega-mansion boasts 12 bedrooms, 14 full and 5 half bathrooms, 3 kitchens, 4 bars, a home theater, wine cellar, indoor basketball court, swimming pool, tennis court and much more.

The asking price then dropped to $52 million in July of this year. A couple of months later it inched up to $53 million. Now the asking price has been bumped up yet again to $56 million.

I’m not sure what the marketing plan is for this home, but I do know that going up in price in this economy just doesn’t make sense; especially for a home that’s already overpriced.

CLICK HERE FOR THE LISTING

  • Daniel

    Up? UP!?!?! Why would someone pay more for something than they have to? This is a $25 million house on a good day in a seller’s market.




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    • Kenny Forder

      I totally agree. I can definitely see it going for $25 million, but nothing more. Russell Simmons’ former house in Saddle River (just as ritzy location wise) sold for just $10 million. It is around 5,000 square feet bigger than this home (reportedly). However, this house is newer, is on more land and is A LOT nicer (exterior and interior) than Russell’s former house.




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  • Chance

    This pricing “strategy” is ridiculous. Why on Earth would you ever INCREASE the price of a house you can’t sell? At the end of the day, I see this place going for about $20 million less than what they’re currently asking.




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  • Iemand

    They keep doing this to keep the attention….which clearly works…

    😉




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    • Marie

      LOL




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  • NOVA Ben

    *SIGH* I just don’t fucking care anymore.




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    • Grrrowler

      Agreed! I’m so bored with this house. It wasn’t THAT interesting to me to begin with, and now that it won’t go away I’m sick of it.




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  • Venom

    LOL, this is just pure comedy now.

    Because if no one bought it at $52 million, they are definitely going to jump at $56 million….




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  • Mark

    I think due to the 8 mile proximity to Manhattan, it probably worth more like 40+M instead of 20-25M. I would much rather have a 10M condo in Manhattan, and then spend the other 35M on residences in Paris, Maui, Calif. With maybe 10M left for a nice boat and private jet, and a Carrera 911 TurboS.




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  • Gene

    I’m so tired of reading about these bored billionaires building these huge mansions and not moving in them .




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  • John

    Anyone have the floor plans? Would love to see them. John.barbel@gmail.com




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