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Pretty Brook Road, Estate of the Day

Filed under: Estates

For a while Tusculum was the most expensive property listed in Princeton, New Jersey. It's lingered on the market for two years and is now down to $9.75 million from a high of $12 million when it was our estate of the day. On top now is this charming Georgian manor house on 22 acres. The brick home and matching outbuildings share a classic style. The gracious older home is decorated in a formal style that makes you want to sit up a little straighter. It includes a breakfast room, conservatory and six bedrooms including a master suite. Things get a little more laid back on the third floor which is where you find the home theater, a wet bar and exercise room. The property also has a pool, tennis courts, six-car garage, backup garage, separate office with mahogany paneling and a billiard room, a caretaker's apartment and a greenhouse. It is listed at $14.5 million.

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Gallery: Pretty Brook Road

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Tags: estate of the day, EstateOfTheDay, new jersey, NewJersey, pretty brook road, PrettyBrookRoad, princeton

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Eileen Ford in New Jersey, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Today's estate belongs to one of the icons of the modeling world, Ford Models founder, Eileen Ford. Ford, who is now 86, lost her husband and business partner Jerry Ford earlier this year. The Wall Street Journal's Private Properties reports that Ford has had her New Jersey mansion on the market for two years for $8 million. The colonial estate is on a hill with views of the countryside. The 20 acre property includes a main house which was built in 1995, restored after the first house the Fords built there burned nearly to the ground. The home has seven bedrooms and the exquisite interior design includes antique Dutch tiles, and antique German pine paneling in the study in addition to fireplace mantels and lighting fixtures from around the world. It has been reduced to $6.5 million.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

Gallery: Eileen Ford in New Jersey

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Tags: eileen ford, EileenFord, estate of the day, EstateOfTheDay, ford models, FordModels, new jersey, NewJersey

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The Borgata's Big Layoffs

by Deidre Woollard (RSS feed) —

Just yesterday I wrote about the troubles facing the Las Vegas Sands and now here comes news about another big casino company, this one in Atlantic City. Businessweek reports that the Borgata Hotel Casino and Spa, the most lavish and successful casino resort in New Jersey's gambling oasis, has just laid off 400 workers due to the worsening economy. The cuts represent five percent of the Borgata's work force, leaving around 7,000 employees. Spokesman Rob Stillwell says these were the first layoffs the Borgata had made. The company expanded recently, opening The Water Club i a $400 million, 800-room hotel this summer.

Times are tough for casino workers in Atlantic City. The four Atlantic City casinos operated by Harrah's Entertainment Inc. have also laid off employees in recent months Over the past year revenues have been slowly falling and September saw the worst-ever monthly drop in revenues, a decline of 15.1 percent. A bunch of ambitious building projects are slated for the area but some may not make it to fruition if the overall economic picture doesn't improve.

Gallery: Atlantic City

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Tags: atlantic city, AtlanticCity, borgata, new jersey, NewJersey

The Gables, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

You want history? Today's home has it. The Gables in Morris Township, New Jersey, was originally built in 1885 and then bought a few years later by Charles Scribner, the owner of New York publishers, Charles Scribner's Sons. The Scribners expanded the house to add a library, dining room and porches. In 1994 the present owners took the house through another expansion, adding a country kitchen ,second floor library and office along with guest rooms and bath. The home now has over 20 rooms with 12 fireplaces. The home's windows have been updated with energy efficient double glazed versions that replicate the originals. The home also has the original antique pumpkin pine hardwood floors along with wide-board antique heart pine in the kitchen and oak in the new construction. The 1994 update also added an elevator and an intercom system. This home is on three acres that include a pool and a Queen Anne style pool house with a full bath. The home is listed at $3.95 million. After the jump, the perfect setting for a historical novel.

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Tags: estate of the day, luxury real estate, morris township, new jersey, NewJersey, scribner, the gables, TheGables

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