3 Most Expensive Luxury Homes Sales 2012…Big Disappointment


Somewhere in the Country luxury homes may be selling, but it’s not happening in Bergen County New Jersey

But this isn’t all bad news.  With all the ultra luxury homes, or so called mansions, that are for sale, and have been sitting unsold for extended periods of time, it’s a buyers market.

Here are the 3 most expensive home sales in Bergen County for 2012

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#1…2 Margo Way, Alpine New Jersey

The good news is that this Alpine New Jersey ultra luxury mansion took only a year and a half to sell.  But the bad news is that it sold at at 41% discount from the asking price. How can anyone be so wrong about the value of a home…or any product for that matter.

This amazing 34,000 sf estate was originally listed for $34 million…that’s a$1,000sf. And it finally sold for $20 million…which is probably close to what it cost to originally build and decorate.

If your design taste is molding on top of molding…and even more moldings then this home had the perfect interiors

#2…5 Alford Rd, Saddle River, New Jersey

This new (when it was first listed for sale years ago) Saddle River luxury home was listed and relisted for sale so many times since 2004, that I’s need to create a flow chart just to keep track of the timing…but I’m not doing it.

The key points for this 16,000sf Robert Zampolin designed monster are:

  • Originally listed for sale in 2004 at $9,250,000
  • The home finally sold in September 2012 for $6,000,000

The home sold at a whopping 37% discount…and it took 8 years to do it.
Note: the home was leased for 1year during 2009-2007

The point here is that the builder built a home that he thought he could sell for $9 million and ended up selling it for $6 million a very long time later.

Since this site is all about marketing homes so they get noticed and sold faster…and for their highest value…I have to point out that the same minuscule photos and horrendous listing description was used throughout all the years this home was listed for sale. Listing room names and a few items and sprinkling in terms like regal and palatial is mediocrity at its best.

RARE AND BEAUTIFUL PALATIAL MANOR HOME WITH THE GREATEST ATTENTION TO DETAIL THROUGHOUT! OVER 16,000 SQ FT OF LUXURIOUS LIVING SPACE! GRAND SCALE ENTERTAINING CAN EASLIY BE ACCOMPLISHED IN THE BALLROOM, BANQUET SIZE DINING ROOM AND IN THE FORMAL ENTRY GALLERY. SOARING CEILINGS IN THE FAMILY ROOM, SENSATIONAL CHEF’S KITCHEN, FORMAL SECOND FLOOR LIBRARY, INCREDIBLE MOVIE THEATER, BILLIARD ROOM, WINE TASTING ROOM AND 6 LARGE BEDROOM SUITES COMPLIMENT THIS HOME. CONCRETE STUCCO EXTERIOR, SLATE ROOF, SWIMMING POOL, POOL HOUSE AND FOUR CAR GARAGE ARE A FEW OF THE MANY AMENITIES THIS REGAL ESTATE OFFERS. BEAUTIFUL AND PRIVATE FLAT GATED 2 ACRE PROPERTY.

#3…899 Closter Dock Rd, Alpine, New Jersey

This is another home that was on and off the market for years.

Though the njmls doesn’t show it, if my memory serves me correctly the home at some point was listed for $10 million…it finally sold for $5.2 million…that’s a 48% price chop.

I loved the homes exterior…but the interior of the home was stone cold ugly.  Bad taste can just ruin the value of a home.  The same listing description forever, didn’t help the sales price either.

BEST VALUE IN ALPINE ON 4 ACRES OF LAND – THE BONUS IS A FABULOUS COUNTRY MANOR WITH 7 BED, 6+ BATHS PLUS A POOL, POOLHOUSE & TENNIS COURT. UNIQUE PRIVATE RETREAT MINUTES FROM THE GWB. ELEGANT LR, BANQUET SIZE DR, HUGE COUNTRY KITCHEN WITH VAULTED OAK CEILING AND STONE FLOOR, FAM.RM.WITH VAULTED OAK CEILING, PANELLED LIBRARY WITH STAIRCASE TO A BILLIARD ROOM. BUILT WITH UNSURPASSED QUALITY.

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