A Yacht Club Commodore's Estate in Peapack-Gladstone, New Jersey

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Location: Peapack-Gladstone, New Jersey

Price: $5,900,000

This imposing 38-room mansion, the New Jersey home of investment banker C. Ledyard Blair, was built over a five year period and finally completed in 1903. Blair, heir to a railroad fortune, was an enthusiastic yachtsman who served as commodore of the tony New York Yacht Club, owned a 238-foot steel-hulled yacht that he later donated to the World War I war effort, and even piloted an ocean liner into Bar Harbor, Maine, on one occasion. That Blair was so enthralled with the water makes his choice of permanent residence, a township some 45 miles inland from NYC, a somewhat unlikely one. So, like many rich folks of the era, he kept a summer residence, in Newport, Rhode Island, called Honeysuckle Lodge. This massive New Jersey spread was the site of many Blair family weddings and, with 31 bedrooms, could probably sleep a good portion of the wedding party. Today, the property, known as Blairsden, still commands respect, thanks to 34 private acres and the Gilded Age architecture. All of this makes the $5,900,000 asking price seem like quite a deal.

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