This $48M castle is now one of the most expensive homes in NJ

Not too long ago, we wrote about a New Jersey developer’s seven-year quest to sell the most expensive home in the state for $48 million. He hasn’t been too successful with that attempt, which is why it’s a bit surprising that now, another seller has decided to list his New Jersey home for exactly the same price tag.

Unlike the Alpine home, this one, in Mahwah, New Jersey, is historic, so that might appeal to a different group of buyers. It was built in the early 1900’s by George Crocker, and currently is configured with 29 bathrooms, 21 bedrooms and two kitchens. The 50,000-square-foot castle sits on 12.5 acres of land, and has been updated by its current owner to have all sorts of modern amenities like a spa with a lap pool, a massage room, a theater room, a tennis court and an outdoor swimming pool.

That owner, Ilija Pavlovic, paid only $8.88 million for the home in 2008, and is selling the home through his own brokerage firm, Special Properties Real Estate Services. Christie’s is handling International marketing. [WSJ]