NJ’s Seized Crocker Mansion in Mahwah Listed for $33M

A glamorous New Jersey mansion that briefly fell into the hands of a fraudster — who ultimately had the property seized by the government — is back on the market.

The Crocker Mansion at 675 Ramapo Valley Road in Mahwah is listed for $33 million, NorthJersey.com reported. It’s unclear who the seller is, but there’s a good chance that it’s the federal government, which seized the property last year.

The owner at the time of seizure was Miles Guo, who purchased the massive pad in 2021 for $26 million. It was the year’s priciest home sale in the state.

That was before federal prosecutors charged Guo for his role in a $1 billion scheme, accusing him and his financier of bank fraud, money laundering, securities fraud and wire fraud; Guo was found guilty on nine criminal fraud and conspiracy counts over the summer.

The megamansion dates back to the beginning of the 20th century, when it was built by railway heir George Crocker. The four-story brick home spans 50,000 square feet, situated on more than 12 acres along the Ramapo Mountains, and is only 25 miles from New York City.

The property has 58 rooms, including 21 bedrooms and 29 bathrooms, or enough to host an entire extended family for the holidays. There’s also a great hall and dining room, a library adorned with gold leaf decor, marble staircases, a spa and sauna, a tearoom, a billiards hall and a movie theater. For good measure, the grounds also have a tennis court, fountains and an eight-car garage.

Compass’ Diane Cookson, the Fox & Stokes team and Carl Gambino had the listing. If sold at ask, the purchase price would break down to $660 per square foot.

Last year, there were 28 home sales in New Jersey for at least $5 million, according to an analysis by The Real Deal. The year’s most expensive sale, however, was for $12.75 million, barely a third of what’s being asked in Mahwah.

— Holden Walter-Warner