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Jon Bon Jovi fans may often wonder what his rock star life is like, and here’s their chance to take a sneak peek: His New Jersey mansion is for sale, and the photos show that his digs are worthy of his legendary status.
Located on 15 acres in Middleton, NJ, between the Atlantic Ocean and the Navesink River, an hour outside New York City, High Point Estate boasts six bedrooms, seven bathrooms, all in an 18,000-square-foot French-inspired château.
So how much is it worth? Bon Jovi has decided to leave that number a mystery. According to the listing from Christie’s, the price is available “upon request.”
Inside Jon Bon Jovi’s NJ mansion
Christie’s International Real Estate
Designed by the celebrated architect Robert A.M. Stern, High Point Estate features stately solid wooden double doors, large windows, French balconies, and even a double-wide entrance driveway.
And this isn’t even the only building on the property. The mansion comes with four additional outbuildings, including a three-bedroom carriage house and Bon Jovi’s recording studio. It’s a perfect mix of history and rock and roll.
Christie’s International Real Estate
Christie’s International Real Estate
But the most impressive features of this home are on the inside. The living room is huge, with a 12-foot ceiling and gorgeous fireplace. The living room flows to the bar, which features a large window so that guests can enjoy the riverfront views.
Christie’s International Real Estate
Of course, we can’t forget the stunning dining room, designed to accommodate a round dining room table for optimum dinner conversations. The dining room isn’t the only place perfect for congregating. There’s a luxurious in-home theater, a family room with a fireplace, and even an outside sitting area complete with an outdoor fireplace.
Upstairs, there are two wings, one for staff and one for the family—the latter of which includes four en suites—including the luxurious master bedroom, worthy of a rock god.
Christie’s International Real Estate
With so much space, the property might be better used for something other than a family residence.
“A great buyer might be a boutique hotel operator or an events company,” says Jeanne Whipple, owner of the Philly Home Girls at Elfant Wissahickon Realtors®. “This property wouldn’t only be a great palace to live in, but a great place to work or stay if the local ordinances allow it. I’d love to go to a luxury music camp there for a week.”
Christie’s International Real Estate
So, how much is Bon Jovi’s house really worth?
But the question still stands: Why keep the price tag a secret?
“There are all sorts of reasons the exact price of luxury houses like this one aren’t listed,” says Tyler Drew, a real estate developer in California. “Many times, the owner simply doesn’t want to advertise it to the world. ‘Price available upon request’ in the luxury market usually means ‘You can’t afford it.'”
“Often when celebrities or high net worth individuals sell their homes, they are seeking discretion and privacy,” agrees Brad Bateman, a real estate agent in New York.
“When I have shown celebrity homes in the past, it is standard for the listing agent to ask that we sign a nondisclosure agreement, so that we don’t discuss anything about the home or its famous owner to our friends or colleagues.”
But Cara Ameer, a real estate agent licensed in California and Florida, also points out that real estate agents don’t disclose the price in order to add an aura of mystery and pique the curiosity of the public.
“There are varying viewpoints on this, but some real estate professionals feel that assigning a public price tag to an exquisite property sort of cheapens it, and it may eliminate some buyers from considering it altogether,” says Ameer.
“By disclosing a number, some buyers may judge the property by that alone and eliminate it, feeling that it doesn’t measure up to the number being asked for.”
This tactic could also prove useful for those who aren’t celebrities—in fact, we could see more mystery prices in the future.
“We see the ‘Price to be determined by market’ or ‘Pricing upon request’ moniker frequently in the commercial sphere,” Kurt Westfield, MBA, managing director, WC Equity Group. “I feel it does serve some purpose and also acts as a prescreening for potential buyers. Plus, by not listing a price, the market value is then determined by purchase offers and not by a seller’s opinion.”
Still, real estate agents can wager a guess as to what the price would be.
“Given its size, location, and amenities, I’d say at least $100 million,” says Drew.
Westfield has a way different figure in mind. “There is another listing in the same ZIP code at just under $3 million,” he says. “Granted, it has roughly 60% less square footage and isn’t being sold by a celebrity. There is another at just under $12 million, with 10% more square footage and just slightly less acreage. I would assess pricing Bon Jovi’s property at roughly $14 million.”
Are any of these guesses correct? Only time—or Bon Jovi himself—can tell you that.
The post Jon Bon Jovi’s New Jersey Home Sale Is Hiding a Huge Secret: Can You Guess? appeared first on Real Estate News & Insights | realtor.com®.
source https://www.realtor.com/news/celebrity-real-estate/jon-bon-jovi-new-jersey-home-sale-is-hiding-a-secret/
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