HomeReal Estate & DevelopmentState’s highest-priced house, a mansion in Alpine, finally sells (for $27.5M) (SLIDESHOW)

State’s highest-priced house, a mansion in Alpine, finally sells (for $27.5M) (SLIDESHOW)

The 33,000 SF Frick Family Estate had been on the market for more than a decade

Imagine buying a house for $27.5 million — the highest price paid for a house in New Jersey in years, if not decades — and feeling like you got a good deal.

If the property was the former Frick family estate — a grand 33,000-square-foot, 12-bedroom, 19-bathroom residence on 12 acres with I-can’t-believe-it-comes-with-all-these amenities — you may just have done so.

At least, that’s the impression of the undisclosed buyer, who picked up a property in Alpine that is tucked into one of the country’s wealthiest ZIP codes.

(Realtor.com first reported the sale Monday.)

The sale price was below the $32.9 million it recently was asking, and far below the $68 million it was listed for when it first went on the market — in 2010. That’s right, it took more than a decade to sell an estate owned by Kamson Corp. CEO Richard Kurtz, who purchased the property for $58 million in 2006.

But, as they say, there’s a buyer for every home.

Dennis McCormack of Prominent Properties Sotheby’s International Realty found this one.

And what an estate they are getting. Consider, it has:

  • A ballroom;
  • A martini bar;
  • A wine-tasting room;
  • Dual libraries (why only have one?);
  • A 65-foot saltwater gunite pool,
  • Two art galleries (again, why only have one?);
  • An indoor basketball court (there are 30-foot ceilings in the basement);
  • A gated motor court with a heated driveway.

“It’s very rare to see a house of this magnitude with these amenities,” McCormack told Realtor.com. “You could accomplish grand-scale entertaining in the house.”

If it makes you wonder why Kurtz would ever leave, consider this: He never actually came.

That’s right, Kurtz — who did multimillion-dollar renovations — never actually lived in the house.

If you’re looking to live in Alpine, there are other options. Realtor.com says there are currently 26 homes for sale in Alpine (with a median price of just over $3 million).

If you’re looking for an estate, you might want to check out the Chateau de La Roche, a 25,700-square-foot mansion in Mahwah. It is listed for just $25 million.

Here’s hoping you get a good deal.

Related Articles

JLL secures $296M financing from Freddie Mac for 5-county multi-housing portfolio

JLL Capital Markets announced that it has secured a $296 million financing for a 13-property, 1,880-unit multi-housing portfolio across New Jersey. JLL represented the borrower in...

JLL secures $86.2M loan for 355K SF Bridge Point Bayonne

 JLL Capital Markets announced that it has arranged $86.2 million in bridge financing for Bridge Point Bayonne, a newly constructed Class A warehouse and...

Marcus & Millichap announces sale of Hoboken mixed-use building for $3.47 million

Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a mixed-use...

Cushman & Wakefield arranges 2 leases for 180 Park Avenue in Florham Park

Cushman & Wakefield has arranged two leases on behalf of landlord Vision Properties at 180 Park Avenue in Florham Park. These transactions bring the...

NAI James E. Hanson negotiates sale of IOS site in Hillside to PSE&G

NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, negotiated the $4.35 million sale of a 1.2-acre industrial outdoor...

Kislak sells $1.05M industrial flex building in Middlesex

The Kislak Company, Inc., a leading commercial real estate brokerage firm headquartered in Woodbridge, announced the recent sale of a 6,375-square-foot industrial flex building...

Latest Articles

State Treasury: January major revenue collections stable

The Department of the Treasury reported that January revenue collections for the major taxes totaled $5.399 billion, up $72.8 million, or 1.4% over last...

Appeals Court ruling allows funding to proceed for Gateway Tunnel project

A U.S Appeals Court declined Feb. 12 to block a lower court’s temporary restraining order, allowing funding to move forward for the $16 billion...
00:00:55

Video: Bergen New Bridge Medical Center celebrates emergency department expansion

ROI-NJ was on site as Bergen New Bridge Medical Center officially celebrated the opening of its expanded emergency department with a ribbon-cutting ceremony attended...

Allegiant begins nonstop service from Atlantic City to 2 Florida destinations

Discount airline Allegiant Air began service Feb. 13 from Atlantic City International Airport to two Florida destinations – Punta Gorda and St. Petersburg.  As an...

JLL secures $296M financing from Freddie Mac for 5-county multi-housing portfolio

JLL Capital Markets announced that it has secured a $296 million financing for a 13-property, 1,880-unit multi-housing portfolio across New Jersey. JLL represented the borrower in...

ROI-NJ: Women of Inspiration – Kelly Crawford, Riker Danzig LLP co-chair

In the legal profession today, women hold more than 50% of private- and public-sector positions. Unfortunately, only 12-25% of law firms have women serving...

Latest Articles

State Treasury: January major revenue collections stable

The Department of the Treasury reported that January revenue collections for the major taxes totaled $5.399 billion, up $72.8 million, or 1.4% over last...

Appeals Court ruling allows funding to proceed for Gateway Tunnel project

A U.S Appeals Court declined Feb. 12 to block a lower court’s temporary restraining order, allowing funding to move forward for the $16 billion...

Video: Bergen New Bridge Medical Center celebrates emergency department expansion

ROI-NJ was on site as Bergen New Bridge Medical Center officially celebrated the opening of its expanded emergency department with a ribbon-cutting ceremony attended...

Allegiant begins nonstop service from Atlantic City to 2 Florida destinations

Discount airline Allegiant Air began service Feb. 13 from Atlantic City International Airport to two Florida destinations – Punta Gorda and St. Petersburg.  As an...

JLL secures $296M financing from Freddie Mac for 5-county multi-housing portfolio

JLL Capital Markets announced that it has secured a $296 million financing for a 13-property, 1,880-unit multi-housing portfolio across New Jersey. JLL represented the borrower in...