Builder Meeting Demand For New Luxury Construction In Alpine, N.J.

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Coldwell Banker Realty lists rare new home at $4M niche

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                                               24 Pike St., Alpine, N.J.

ALPINE, N.J. Alpine, one of New Jersey’s ritziest suburbs, is known for its sprawling mansions ranging into the tens of millions of dollars and for being home to celebrity residents. It is also recognized for its low taxes and relative scarcity of newly constructed properties at the luxury price point. Alliotts Construction, Inc., in order to meet an increasing demand from affluent buyers, has attained approval to construct a new, thoughtfully designed, six-bedroom, six-and-two-half-bath estate at 24 Pike Street. Listed by Anne Van Dyke of Coldwell Banker Global Luxury for $4.7 million, this represents a rare opportunity to obtain a newly built home at a lower price-point in Alpine, where home prices currently can exceed $30 million.

 “Alpine offers many older mansions that are beautiful but need some renovation, along with newly constructed homes that start at $7 million. The home is truly a rare gem, and I am delighted to represent Alliotts Construction and the special vision they have for this property,” said Van Dyke.

Kevin Alliotts was inspired by the owner of the former home that occupied the property, a well-known fashion model with exquisite taste. “She incorporated all the important elements when situating her home, including location and how one will live, work, play and rest. I wanted to carry over this ethos in constructing a new and wonderful 8,000-square-foot home on this beautiful piece of property, just eight miles from the George Washington Bridge,” he said. Alliotts explained the great need for housing inventory in Alpine has created high demand at price-points below $5 million, especially homes that are new and will be move-in ready in a prime location at the top of a desirable street.

The plans for the stone-and-masonry mansion at 24 Pike Street call for an open floor plan which seamlessly addresses today’s needs for living spaces that facilitate togetherness and work areas that offer privacy. Design features include 10-foot ceilings on the first floor (9-foot ceilings elsewhere), top-notch finishes and craftsmanship, three fireplaces and oversized windows and doors that welcome in abundant natural light and natural views. The main bedroom suite, family room, chef’s gourmet kitchen, great room with bar, library and fully finished lower level are all highlights of this home. The latest technology will be incorporated, such as energy-efficient power, smart home conveniences and a 30-year roof with ice and water shields. Located at the top of a cul-de-sac, the one-acre grounds will include privacy border plantings and fencing, a bluestone front porch and walkways, and an in-ground, heated swimming pool. Buyers have the opportunity to modify the existing plan an customize their own dream home up until Jan. 30, 2022.

Alpine, located on the Palisades cliffs along the Hudson River, is one of the wealthiest zip codes in the United States as ranked by Forbes. However, Alpine offers an attractive tax rate. For example, the annual taxes on 24 Pike Street are expected to be approximately $30,000, whereas they would be between $98,000-$108,000 in neighboring towns, according to Alliotts.

Alliotts Construction, Inc. was founded in the 1920s as a small plumbing and heating business and still occupies the same location in Palisades Park. Kevin and his father, Frank, started the construction business in 1980 and Kevin, Jr. has since joined the company. Alliotts Construction has completed more than 400 residential units, including more than 15 luxury homes in Alpine, garnering coverage in Architectural Digest. The Alliotts family are long-time residents of Alpine.

For more information about 24 Pike Street, contact Anne Van Dyke at 201-401-1040 (mobile), annevandykerealtor@gmail.com or 201-767-0550 (office). She is based at Coldwell Banker Realty on 15 Ver Valen St., Closter, NJ 07624.

About Coldwell Banker Realty

Coldwell Banker Realty in New Jersey and Rockland County, New York, is a leading residential real estate brokerage company with approximately 50 offices and 4,200 affiliated sales associates. Coldwell Banker Realty is owned by a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States. Visit ColdwellBankerHomes.com.

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