Refurbished $23M Far Hills Estate To Sell To Highest Bidder

FAR HILLS, NJ — The Cragwood Estate is a recently refurbished estate in Far Hills overlooking the Somerset Hills and Ravine Lake. It will now sell to the highest bidder through an auction held by global luxury real estate marketplace Concierge Auctions.

Previously listed for $23 million, the auction for the estate open online on Oct. 16 and close on Oct. 19.

• Address: 460 Lake Road, Far Hills, New Jersey
• Price: $23 million
• Square Feet: 16,160
• Bedrooms: Nine
• Bathrooms: 10 full and three half
• Built: 1923

“We are the third family fortunate enough to bring up our children at Cragwood. It is the essence of not just a lifestyle, but of our family life itself. As custodians of such a special place, we now pass it to the next family lucky enough to be the fourth new generation in this most beautiful home,” stated the seller, John Bailye.

Set on 95 acres, the historic Georgian estate is situated in a quiet enclave comprised of 16,160 square feet with nine bedrooms, a chef’s kitchen with commercial-grade appliances, a private master wing with his and hers dressing rooms, formal and casual dining rooms, a l’orangerie or sun room, theater, playroom, additional kitchenette, library, interior elevator and wine cellar.

Built in 1899 and completed as an estate in 1923, the home features period artistry and finishes, hardwood floors, chandeliers, wall frescoes, a two-story foyer, walls for art collection, French doors, fireplaces in every room, and a unique forestry program designed to keep wood for all fireplaces.

Outdoor amenities include multiple verandas, a wraparound terrace, an arched portico lounge, swimming pool with a 2,590-square-foot pool house, tennis court, a five-unit staff apartment building, an Adirondack cottage, five offices and meeting rooms, a security gate house, and a 14-car garage.

The lush grounds feature English meadows; a formal walled garden; a sculpture garden; perennial gardens; fountains; a working farm with vegetable garden, apple orchard, greenhouse, farm buildings, stables, and kennels; and forested landscaping.

Click here for more information on the auction, the estate and photos.

This listing originally appeared on realtor.com.