From the NY Times:
BARGAINS abound these days in the market for New Jersey’s most unusual, lavish and historic homes.
The Montclair home renovated with architectural treasures by Michael Strahan, the retired New York Giant, and his ex-wife Jean before their acrimonious divorce two years ago is now available for $4.75 million. The property was listed last year at $7.75 million, was reduced to $5.795 million in the spring and reduced again earlier this month.
A restored mid-18th-century farmhouse out in Morris County horse country — Chester Township — with barns, stables and a four-car garage set on 20 rolling acres is newly on the market for $2.5 million (although a year ago, when the high-end market still had some life, real estate agents suggested asking $3.5 million).
A Ridgewood house, built in the 1920s by a renowned glass artist, G. Owen Bonawit, as a replica of his French country estate, and featuring 42 of his stained-glass windows, is on the market for $999,999. The windows alone have been valued at $326,000 by Sotheby’s. The asking price is down $176,000 from May —a discount of more than half the value of the windows.
And yet, these houses wait — not just for a buyer who sees their value and can afford them but for a buyer who is also willing to assume a caretaker role, and be a “keeper of the flame,” as Peter A. Primavera, the president of the Cultural Resource Consulting Group, puts it.