#30: Historic New Jersey Mansion

The asking price: $1.5 million

What it was bought for: still on the market

This grand New Jersey mansion may exude timeless luxury, but a closer look reveals its complicated story. Beneath its historic charm lies a property grappling with modern challenges. Extensive repairs are needed to address asbestos and lead paint, yet its Historic Landmark status prohibits alterations, leaving its fate in limbo.

The surrounding land is zoned for eight additional homes to add to its woes, casting a shadow over the mansion’s exclusivity. While its elegance is undeniable, this estate presents a unique puzzle, challenging potential buyers to balance preservation, practicality, and a touch of ambition to revive its fading glory.