The New Jersey Luxury Real Estate Blog

Suburban Oasis: 29 Chestnut Street, Livingston

29 Chestnut Street Backyard Photo

Not until now has a home so special entered the market that every other home feels ordinary in comparison. With unrivaled technology and elegant appointments, this suburban oasis literally has it all. Control4 home automation system for lighting, HVAC, blinds and sound/media for 24 televisions (all included), SunPower 58 kW ultra-high efficiency solar panels, uber-efficient geothermal heating/cooling, gourmet kitchen, state-of-the-art home theater with stunning beverage bar, expansive and dramatic first floor lounge with bar, full-size commercial gym and partially heated circular paver driveway. The expansive rear property rivals an exclusive resort boasting an outdoor kitchen, covered patio with TV and fireplace, free-form pool with waterfall and slide, cabana with kitchen and full bath on over 2 lush acres.

7 Bedrooms, 8 1/2 baths, 3 car garage, 4 fireplaces, grand open spaces, soaring ceilings, custom moldings and cherry hardwood flooring throughout, lounge with bar and seating, high-tech systems, state-of-the-art theater, whole-house generator, spectacular 2.27 acre property with heated in-ground salt water pool, 2 story cabana with kitchen, solar panels, geothermal heating & cooling and so much more. Vacationing away from home will be a distant memory.

For more information visit www.29Chestnut.com or contact Tony Verducci at 973.477.2220.

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Ideally Positioned, Perfectly Priced: 132 Hartshorn Drive, Short Hills

132 Hartshorn Drive, Short Hills

Perfection on prestigious Hartshorn Drive. Situated on 2/3 of an acre in the most desirable section of Hartshorn Drive directly across from the Oakey Tract, privacy abounds in this stunning 7 bedroom, 6 1/2 bath residence to be custom built by a prominent Short Hills builder for one very fortunate buyer. With winter western views, interesting and thoughtful design, designer state-of-the-art kitchen and baths, grand open floor plan, flexible configuration with bedrooms on all levels, full walk-out basement, three covered patios and optional elevator, this home is sure to please. A first floor three-car attached garage and front courtyard add to the home's appeal. Don't settle for a pre-built home when you can customize your dream home every step of the way.

For more information contact Tony Verducci at 973.477.2220.

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Is Your Prospective Home a Good Asset Purchase?

Luxury Backyard Photo

Today, financial advisors believe that homes are either assets or liabilities. Technically, a liability is anything that costs money, and an asset is anything that creates positive cash flow.

From this definition, a home is technically a liability, because it costs you money—even if you’ve paid it off and are living in it debt-free. As long as you’re paying your utilities, insurance fees, etc,. your home is technically a liability that’s costing you money.

So, are we telling you not to buy a home? Absolutely not. Homes can be assets or liabilities—depending on their overall cash flow (or lack thereof).

Your home will require money as long as you live in it, making it an expense and liability. However, if your home eventually puts more money in your pocket than it costs you overall, it’s an asset.

Before you purchase your new home, consider if you will be able to walk away from it net positive. If you’re wondering what indicates a good asset purchase, read on:

Tabula Rasa, Tabula Conferta

If it’s been a few years since your last Latin class—or if you’ve...

What Makes for a True Luxury Home?

Kitchen in Modern Home

If you’re left awestruck by the design and function of a home, chances are you’re viewing a luxury dwelling—these charming developments often possess features that are hard to fathom, let alone come by in the current market.

Although it’s hard to believe that these features exist, it’s not because they’re outlandish in any way. In fact, luxury homes offer the perfect amount of form and function.

What are we talking about, exactly? Well, read on to find out:

1) No Expense Spared

Whether we’re talking about luxury in terms of clothing or real estate, the first thing that comes to mind is often cost. Luxury goods—especially homes—are generally placed at the higher end of the market.

What makes a luxury home high value, though? It starts with construction and echoes throughout the entire home. 

When luxury homes are built, no expense is spared—everything is made with precious materials. In addition to utilizing the best materials, the way these materials work together to create both structure and design is unparalleled....

Entertainer's Paradise: 84 Shrewsbury Drive, Livingston

84 Shrewsbury Drive Entry Hall

A spectacular one-of-a-kind estate on nearly an acre with refined architectural detailing and grandeur, the modern open floor plan with soaring ceilings and expansive rooms offers lots of light and breathtaking sunset views through skylights and walls of windows. The dramatic floating staircase sets the tone for perfection throughout, where lavish events as well as small gatherings offer guests and residents a very unique and noteworthy experience. Effortless entertaining is afforded by multiple sitting areas, media room, library, commercial grade gourmet kitchen, flexible bedroom arrangement, paver parking court and expansive deck overlooking lush park-like grounds. The lower level features a large entertainment area, game room, built-in custom bar and full-size exercise room. No gym membership needed.

6 bedrooms, 5 full and 2 half bath, 3 car garage, open floor plan, custom renovations and upgrades throughout, expansive property and so much more.

For more information visit www.84ShrewsburyDrive.com or contact Tony Verducci at 973.477.2220.

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Quintessential Livingston Colonial: 15 West Drive, Livingston

15 West Drive Front View of Home

An extremely rare opportunity to live on West Drive, a prestigious, sought after street with convenient access to NYC transportation just blocks away. The stunning tree-lined community conjures up images of a bygone era, where borrowing a cup of sugar from a neighbor is still a common occurrence. And of course the award winning Livingston school system is top rated and the envy of all neighboring towns. Step inside and you will find a floor plan that is both convenient and comfortable. A fireside living room with walls of windows leads through wide doors into a formal dining room. The white kitchen cabinetry offers a fresh feel and the fireside family room a restful retreat. The private lush rear yard is beautifully landscaped and ready for fun.

4 bedrooms, 2 full and 1 half bath, 1 car oversized garage, open floor plan, expansive property and so much more.

For more information visit 15WestDrive.com or contact Tony Verducci at 973.477.2220.

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US NEWS & WORLD REPORT: 2017 New Jersey High School Rankings

Every year, US News & World Report publishes their ranking of all 424 New Jersey High Schools, both public and private. Many of the public high schools in our local communities ranked in the Top 25 for 2017:

These are all outstanding results and reflect one of the many reasons why the real estate market is so strong in our local area.

If you would like to receive the full list of the 2017 US News & World Report high school rankings, please contact the New Jersey Luxury Real Estate Group for more information at 973-477-2220 or info@njlre.com.

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New York Chic: 474 Long Hill Drive, Short Hills NJ

474 Long Hill Drive Front Photo

From the pages of a luxury magazine, this is a home that showcases both sophisticated high design and alluring warmth, a rare combination in today's plethora of new construction. Imagine purchasing an impeccably decorated house that feels just like home on the very first day. One where custom moldings, built-ins, marble countertops, designer plumbing and lighting fixtures, striking wall finishes, custom window treatments and draperies were all meticulously selected to perfection.

Designed by renowned architect Thomas Baio AIA and built by award-winning builder Highgate Hills, this 8 bedroom, 7 1/2 bath home features a chef-­inspired kitchen, spa-like master suite, outdoor kitchen, state­-of­-the-­art theater and flexible floor plan with bedrooms on all four levels. Your pursuit for the ideal home ends here.

8 Bedrooms, 7 1/2 baths, 3 car garage, 3 fireplaces, grand open spaces, soaring ceilings, custom moldings and wide plank oak hardwood flooring throughout, chef-inspired kitchen, high-tech systems, state-of-the-art theater, paver patio, outdoor gourmet kitchen and so much more. This is the home you have searched for to no avail, until now.

For more information visit www.474LongHillDrive.com or contact Tony Verducci at 973.477.2220.

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The Most Expensive Zip Codes in New Jersey in 2016

Quick facts:

  • Alpine’s 07620 still reigns supreme as the most expensive zip code in New Jersey;
  • Short Hills, Time magazine’s ‘Richest Town in America’ of 2014, boasts the second most expensive zip code in the state;
  • Hoboken’s 07030 (#33 on our list) was the setting for the largest number of residential transactions in 2016—830;
  • The biggest deals of the year in New Jersey were the $10M sales of 85 Ocean Ave. and 9 Wallace Road in Deal, N.J.

As New York City housing costs continue to skyrocket, pushing homeownership out of reach for many people, residents are shifting their focus across the Hudson River. According to a Q4 2016 report from Marcus & Millichap, households and businesses alike are flocking to New Jersey, adding thousands of new jobs and fueling both single- and multi-family development in the region. As a result, the market has blossomed into one of the most sought-after destinations in the Northeast.

At the end of last year, PropertyShark compiled a list of the most expensive zip codes in the U.S., and 2 New Jersey zip codes made the cut: Alpine’s 07620 landed the 44th spot on our list, and Short Hills’ 07078 landed the 88th. This year, we thought we’d take a closer look at the market and round up the most expensive zip codes in The Garden State.

The top three zip codes on our list will come as no surprise—these cities have made quite a few ‘most expensive’...

Iconic South Orange Tudor: 441 Overhill Road, South Orange NJ

441 Overhill Road Front Photo

Delightfully bright, fresh and modern, this stately English Tudor nestled at the top of Newstead is one of South Orange's most iconic, offering 7 generously sized bedrooms, 3 full & 2 half baths, 2 car garage, seasonal NYC views and many recent upgrades. Custom features abound including a sweeping marble staircase, roaring gas fireplace, slate roof, all brick exterior and intricate millwork throughout. Gleaming hardwood floors, crisp white walls and banks of windows set the tone. Bask in the grandeur of soaring ceilings and sunlight in every corner, featuring a front-to-back living room and banquet-sized dining room, first-floor office and elegant leaded glass windows. The spectacular lower level offers a cinema-quality home theater and at-home "diner", while an expansive patio offers al fresco entertaining and seasonal enjoyment. Less than a block to the NYC jitney, be prepared to fall in love.

7 bedrooms, 3 full and 2 half baths, 2 car attached garage, large rooms, gas fireplace, Conveniently located to NYC transportation and so much more.

For more information visit www.441OverhillRoad.com or contact Tony Verducci at 973.477.2220.

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