Eddie Murphy has a deal for you

Posted by: Prashant Gopal on November 27, 2007

eddie murphy.jpg
Back in the spring of 2005, during my stint as a staff writer for The Record of Bergen County, a home in Alpine, N.J. went on the market for $40 million — $10 million more than movie star Eddie Murphy was asking for his seven-bedroom estate in nearby Englewood. Just over a year later, the sprawling 60,000-square-foot Alpine mansion, with its 13 bedrooms, 23 bathrooms, a bowling alley and a 15-car garage, sold for a staggering $32 million (one of the highest prices ever paid for a New Jersey home).

The housing market in North Jersey has since slowed. And Murphy dropped his price to $19.5 million. Murphy’s Realtor, Mary Lenk, noted that the modified listing includes 3.5 acres instead of 5 acres and no longer includes a carriage house. But the 25,000-square-foot brick mansion known as “bubble hill” comes with its own bowling alley, music studio, five-car garage and racquetball court.

Reader Comments

rulingclass

December 18, 2007 1:13 PM

Maybe now he'll even throw in one of the hot-selling Alpine Tees from zypcodes.com.

IRTFW

Dion D.Kelly

December 21, 2007 7:38 PM

I'm shocked that Eddie Murphy's New Jersey property is still on the market after almost 4 years,especially since he knows lots of very rich people. At the same time I'm glad no one else has purchsed it yet because I wanna live there someday, if I ever hit the Lotto.

GEORGE BENSON

June 22, 2008 6:28 AM

RULE #1
WHITE PEOPLE VERY RARELY BUY HOUSES FROM BLACK PEOPLE UNLESS THEY GET THE PROPERTY FOR DIRT CHEAP.

PEOPLE ALSO DONT WANNA BUY THE HOUSE BECAUSE OF THE TAXES ITS EXPENSIVE.

HEATING OIL. LANDSCAPING IS RISING IN PRICES

ALPINE NJ THE POSTMAN CANT DELIVER TO UR HOUSE U HAVE TO DRIVE TO THE POST OFFICE THATS A HASSLE.

Dion D.Kelly

April 18, 2009 9:58 AM

As for George Benson's comments about White people not buying homes from Black people? COME ON!Wise up and move past that racist garbage! Eddie Murphy is the coolest actor and comedian in the world and is able to transcend race.The fact that people choose not to buy a mansion from someone should not have anything to do with race.It should have something to do with whether they can afford the house. If they can't afford it then just move on.

Dion D.Kelly

April 18, 2009 9:59 AM

As for George Benson's comments about White people not buying homes from Black people? COME ON!Wise up and move past that racist garbage! Eddie Murphy is the coolest actor and comedian in the world and is able to transcend race.The fact that people choose not to buy a mansion from someone should not have anything to do with race.It should have something to do with whether they can afford the house. If they can't afford it then just move on.

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About

BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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