Tuesday, April 14, 2009

Maybe real estate really is all about location, location, location...

Alpine, NJ is not a township that most Americans are familiar with but it's long been known as the wealthiest town in the wealthiest state. It's small enclave full of mega mansions that caters to the really, really wealthy.

With just over 2,000 residents it was tied with Miami Beach as the most expensive zip code in 2007.

Well, their latest resident is one CC Sabathia who plopped down almost $15 million for this cozy little 6 bdrm house....

According to the NY Post...

"CC Sabathia consoled himself after his first abysmal game by spending $15 million on a six-bedroom house in Alpine, NJ, reports The Post's Jennifer Gould Keil. That's spare change for the 250-pound, 6-foot-7 ace, who signed a $161 million contract with the team in the off-season. The 12,000-square-foot mansion on 2 acres was on the market for less than two weeks."

How insane is it that he paid full price in this real estate market for a new construction mega mansion? This house might be back on the market by the end of 2009 for $89,995.99 if CC's pitching doesn't improve :)


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