New Jersey luxury real estate market report
New Jersey's upper-tier residential market produced a series of significant closings from January 1, 2024 through October 5, 2025. Based on a New Jersey Proper review of qualifying sold-property records reported by the New Jersey Multiple Listing Service, the ten transactions below totaled $100.76 million.
The ranking offers a clear view of where the highest-priced NJMLS activity was concentrated, which properties reached the top of the market, and how frequently New Jersey Proper participated in these benchmark transactions. Nine of the ten sales were located in Bergen County, six were in Alpine, and New Jersey Proper represented a buyer or seller in seven.
Selected properties from the ranking, including the three highest-priced NJMLS residential sales in the review period.
At a glance
The 10 highest-priced NJMLS home sales in the review period
| Rank | Property | Municipality | Sale price | Sold date |
|---|---|---|---|---|
| 1 | 48 Rio Vista Drive | Alpine | $17,700,000 | September 9, 2025 |
| 2 | 4 Stone Tower Drive | Alpine | $16,700,000 | July 17, 2024 |
| 3 | 8 Stone Tower Drive | Alpine | $11,100,000 | January 14, 2025 |
| 4 | 388 Morrow Road | Englewood | $8,500,000 | September 26, 2025 |
| 5 | 14 Denison Drive | Saddle River | $8,400,000 | April 14, 2025 |
| 6 | 15 Hillside Avenue | Millburn | $8,250,000 | December 11, 2024 |
| 7 | 24 Cambridge Way | Alpine | $8,000,000 | May 16, 2024 |
| 8 | 50 Allison Road | Alpine | $7,500,000 | February 12, 2024 |
| 9 | 63 Ridge Road | Tenafly | $7,360,000 | August 16, 2025 |
| 10 | 16 Dogwood Lane | Alpine | $7,250,000 | February 3, 2025 |
16 Dogwood Lane, Alpine — $7,250,000
This Alpine estate closed for $7.25 million after returning to the market with a revised presentation and marketing strategy. The approximately 11,623-square-foot residence includes six bedrooms, seven full bathrooms, two powder rooms, a pool, a cabana, and extensive indoor and outdoor living areas.
The transaction illustrates the importance of positioning, presentation, and sustained exposure at the upper end of the market. View the 16 Dogwood Lane property page.
63 Ridge Road, Tenafly — $7,360,000
The sale of 63 Ridge Road placed Tenafly among the municipalities represented in this top-ten ranking. The contemporary residence combined a large-scale interior program with finished lower-level recreation and fitness spaces, multiple bedroom suites, and substantial garage capacity.
Its inclusion reflects continued demand for newly built and comprehensively designed homes in established Bergen County communities with convenient access to New York City.
50 Allison Road, Alpine — $7,500,000
Set on approximately two acres at the end of an Alpine cul-de-sac, 50 Allison Road offered a transitional design, extensive entertaining areas, an indoor basketball court, a pool and spa, and a flexible floor plan with five bedrooms and multiple finished living levels.
View the 50 Allison Road property page.
24 Cambridge Way, Alpine — $8,000,000
Located on approximately two acres, 24 Cambridge Way was designed for large-scale daily living and entertaining. The residence included seven bedrooms, multiple formal and informal gathering areas, an elevator, a theater, a pool and spa, and finished recreational space.
View the 24 Cambridge Way property page.
15 Hillside Avenue, Millburn — $8,250,000
The only Essex County property in the ranking, 15 Hillside Avenue closed for $8.25 million. The estate paired a substantial residence with approximately 1.8 acres, seven bedrooms, extensive bedroom-suite accommodations, a finished lower level, and a three-car garage.
Its position in the list demonstrates that the top of the NJMLS luxury market was not limited entirely to Bergen County, even though Bergen accounted for nine of the ten transactions reviewed.
14 Denison Drive, Saddle River — $8,400,000
Situated on approximately 2.4 acres, 14 Denison Drive combined a traditional estate setting with a broad amenity program. The home included seven bedrooms, extensive finished living space, a four-car garage, a lower level with recreation and wellness areas, and a heated pool.
The closing placed Saddle River among the five highest-priced NJMLS residential sales in the review period.
388 Morrow Road, Englewood — $8,500,000
Known as Casa Verde, 388 Morrow Road is a contemporary Englewood estate with approximately 16,000 square feet of living space. Its program includes six bedrooms, multiple entertainment and wellness spaces, a pool, and a modern indoor-outdoor layout.
The $8.5 million closing ranked fourth among the qualifying NJMLS residential sales reviewed. View the 388 Morrow Road property page.
8 Stone Tower Drive, Alpine — $11,100,000
The sale of 8 Stone Tower Drive was notable because the property transferred as an incomplete new-construction project. The offering included the land, completed structural framing, and a slate roof, allowing the buyer to continue the build and customize the final residence.
At $11.1 million, it was the third-highest qualifying NJMLS residential sale in the review period. View the 8 Stone Tower Drive property page.
4 Stone Tower Drive, Alpine — $16,700,000
Set on approximately four acres, 4 Stone Tower Drive is a large-scale Alpine estate with more than 22,000 square feet of interior space. The property includes seven bedrooms, numerous formal and informal living areas, extensive recreation and wellness amenities, and substantial outdoor grounds.
The $16.7 million closing was the highest-priced NJMLS residential sale reported in 2024 and the second-highest in this two-year ranking. View the 4 Stone Tower Drive property page.
48 Rio Vista Drive, Alpine — $17,700,000
The stone chateau at 48 Rio Vista Drive closed for $17.7 million, making it the highest-priced qualifying NJMLS residential sale in this 2024–2025 review. The approximately two-acre property includes seven bedrooms, nine full bathrooms, three powder rooms, extensive entertaining areas, and a broad collection of recreation and wellness amenities.
The transaction also reinforced Alpine's position at the top of the NJMLS luxury market. View the 48 Rio Vista Drive property page.
What the ranking shows
Market analysis: Alpine and Bergen County led the upper tier
Alpine accounted for six of ten sales
Six properties in the ranking were located in Alpine, including all three transactions above $10 million. That concentration reflects the municipality's combination of large parcels, privacy, estate-scale construction, and proximity to Manhattan. Explore the Alpine area guide.
Bergen County accounted for nine of ten
Alpine, Englewood, Saddle River, and Tenafly collectively produced nine of the ten highest-priced NJMLS residential sales reviewed. Millburn's 15 Hillside Avenue was the only ranked property outside Bergen County.
The top-ten threshold was $7.25 million
A sale needed to reach at least $7.25 million to enter this ranking. The gap between the first- and tenth-ranked transactions was $10.45 million, illustrating the range that exists even within the market's highest price tier.
Representation occurred on both sides
New Jersey Proper represented sellers in four ranked transactions and buyers in three. The mix reflects experience with the distinct pricing, positioning, negotiation, and due-diligence requirements of significant properties.
Research notes
How this ranking was determined
New Jersey Proper reviewed qualifying residential sold-property records reported by NJMLS with sold dates from January 1, 2024 through October 5, 2025, then sorted those transactions by final sale price.
This is an NJMLS-based market report rather than a claim about every residential transfer completed anywhere in New Jersey. Private transactions, off-market transfers, and sales reported exclusively through other listing systems may not appear. Sale prices and dates should be read as reported in the underlying sold records.
For additional examples of significant Northern New Jersey transactions, visit New Jersey Proper's sales of note. To learn how the team prepares and presents distinctive properties, review the New Jersey Proper marketing strategy.
Independent coverage
Related reporting on leading sales
Frequently asked questions
New Jersey luxury home sales: frequently asked questions
What was the most expensive NJMLS home sale in 2024–2025?
Within the qualifying NJMLS residential records reviewed, 48 Rio Vista Drive in Alpine ranked first at $17.7 million. It closed on September 9, 2025.
Which New Jersey town had the most properties in the top ten?
Alpine had six of the ten properties, including the three highest-priced sales in the ranking.
How many of these transactions involved New Jersey Proper?
New Jersey Proper represented a buyer or seller in seven of the ten ranked transactions: four on the seller side and three on the buyer side.
Does this list include every expensive home sold in New Jersey?
No. The ranking is limited to qualifying residential transactions reported by NJMLS and reviewed through October 5, 2025. Private, off-market, and other-MLS-only transactions may not be included.
What was the combined value of the ten sales?
The ten sale prices totaled $100.76 million.
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