These Celebrity Mega-Mansions Are Now Worthless
Stone-Walled Estate – Alpine, New Jersey
On the Market Since: 2010
Total Area: 30,000 square feet
Initial Value: $60 million*
It might come as a surprise to you to find that the Value of this mansion, which has been up for sale for several years, has also decreased with time. Since the home’s construction, it has always been owned by the same buyer, who has the freedom to place or remove the property from sale at any time. On the other hand, the Stone-Wall Mansion is equipped with various helpful amenities.
Henry Clay Frick II, a steel magnate who was instrumental in establishing US Steel, commissioned the building’s initial construction specifically for his use. This sixty-acre estate has been on the market for quite some time, and its asking price has been progressively decreasing. According to the developer, Richard Kurtz, the property taxes are to blame for the situation rather than anything otherworldly. Even at the reduced price of $32.9 million, taxes will take a bite out of anyone’s wallet.
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