2:08 pm, July 14th | by Hillary Reinsberg
The most expensive house in New Jersey – you know, the one Oprah was apparently looking at, or maybe not – is still on the market. But at a $16 million price chop. What happened?! The Alpine, NJ home was originally priced at $68 million, but was recently reduced to a mere $52 million, Curbed notes. That’s almost a quarter less! Where the rich people at? Who will buy this flashy palazzo? Questions abound.
But more importantly…who’s selling? Mogulite did some investigation into the matter. Through some research, we uncovered that the 30,000-square-foot mansion was actually built by Richard Kurtz, a property developer who runs the Kamson Corporation. And it looks like he hatched a pretty elaborate plan to make some money off of it, too.