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This 50,000-square-foot estate is no longer New Jersey’s priciest residential property for sale. The Crocker-McMillin Mansion was listed in January for $33 million making it the highest priced home listing in the state. But it’s undergone two price cuts since, most recently on October 1, and now has an asking price of $22 million. The price was adjusted “to generate fresh interest and attract qualified buyers who appreciate the rarity of a property like the Crocker Mansion,” Diane Cookson, Megan Fox, Max Stokes and Carl Gambino, all of Compass, who have jointly listed the home, said in a statement to NJ Advance Media. “It’s an extraordinary opportunity to own one of Bergen County’s most distinguished estates at a compelling value,” the agents said. The new highest price home for sale in New Jersey is a newly constructed, oceanfront home in Avalon that’s listed for $26.5 million. It has six bedrooms, seven full and three half bathrooms and is on 0.64 acres. The Crocker-McMillin mansion, meanwhile, has 21 bedrooms, 19 full and seven half bathrooms, and it sits on 12.5 acres. “Many are captivated by the home’s striking architecture and the sense of privacy it provides,” the agents said. It last sold in December 2021 for $26 million and was the most expensive home to sell in New Jersey that year. The buyer was Guo Wengui, who was convicted in July 2024 of nine criminal counts for defrauding investors out of $1 billion that the U.S. government says he used to fund a lavish lifestyle. The Crocker-McMillin Mansion was reportedly seized in connection with the case. The home’s next owner will likely be someone “who likes the idea of owning a piece of history within close proximity to New York City,“ the agents said. ”This buyer is very discerning ... one who is seeking privacy and a property that makes a statement ... is not just looking for a large home, but a property with character, heritage, and enduring presence.” The massive, 58-room mansion was built between 1903 and 1907 at a cost of about $2 million by George Crocker, a businessman whose father was a railroad magnate. It was sold in 1909 to its other namesake, Emerson McMillin, a banker, for $780,000. When he died, it was sold to developers who made a failed attempt at turning the property into a country club. The estate was sold again in 1926 for $478,000 to the Archdiocese of Newark which moved its Immaculate Conception Seminary from Seton Hall University to the mansion, according to the National Register of Historic Places. The seminary left in 1984 and the mansion has had a series of private owners since who have restored and updated it. The last owner built a new guest house with three bedrooms, two bathrooms, a gym and security. And a kitchen was added to the pool cabana, according to the listing agents. The home is Jacobean style and has a 3,000-square-foot great hall with 30-foot ceilings which houses an original 1906 Aeolian player pipe organ, thought to be one of a few if not the only one left in the U.S. The library has custom artwork by muralist James Wall Finn, whose work appears in the New York Public Library and the Payne Whitney Museum. The home also has a spa with a sauna, lap pool, massage room, steam shower and salon. It is gated and has 24-hour security with interior and exterior cameras. “Every detail reflects unmatched craftsmanship and sophistication that cannot be replicated in today’s world,” the agents said. “This is what makes it one of the most distinguished residences in the region.” Photos from the listing are from when it was for sale in 2021. More N.J. real estate news N.J.’s most expensive zip code is tied with Beverly Hills 90210 in a national ranking The oldest house in this N.J. county is on the market, and its owners are eager to sell This amazing 17th-century N.J. inn is for sale for the first time 2 decades
