From the Asbury Park Press:
A spectacular grand estate on the Navesink River in Rumson built by Pete and Judi Dawkins sold for $12 million on Friday, a figure less than half the initial $29.9 million asking price.
The 18-room house at 80 W. River Road — 18,000 square feet with six bedrooms and seven bathrooms — was sold to an unidentified area buyer, said the buyer’s agent, Kelly Zaccaro, a sales associate with Gloria Nilson Realtors Real Living in Rumson.
“They bought this because it was really beautiful and very well-done,” Zaccaro said. “It was the most amazingly built house. The attention to detail they put into it was beyond anything I have ever seen.”
The selling price breaks the previous record — last July’s $9.9 million for the seaside Spring Lake mansion formerly owned by the late New Jersey Devils owner John McMullen — on the Monmouth/Ocean Multiple Listing Service. A private sale for a waterfront home on Navesink River Road in Middletown netted nearly $13.2 million in 2005, and is now on the market for $11 million.
The Dawkins house was originally listed at $29.9 million in March 2010 by Turpin Realtors in Tewksbury before it dropped to $19.5 million in July. The Dawkins’ real estate agent had no comment on the sale. John Turpin, the agency’s broker-of-record, could not be reached.
Dawkins and his wife, Judi, bought the property over 10 years ago for $4.5 million. After a year, they decided to dismantle the existing house. They brought in noted architect Bernard Wharton, who designed their dream house, which was completed in 2004.