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.
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Tags: Miscellaneous, New Jersey
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.
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.
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.
They keep doing this to keep the attention….which clearly works…
LOL
*SIGH* I just don’t fucking care anymore.
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.
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….
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.
I’m so tired of reading about these bored billionaires building these huge mansions and not moving in them .
Anyone have the floor plans? Would love to see them. John.barbel@gmail.com
…says the guy with the Porsche avatar