Moorestown Mansion Most Expensive Home Ever Listed in South Jersey

Image via Kurfiss Sotheby’s International Realty, Jesse Roehrer.

A Moorestown mansion recently hit the residential real market for a whopping $24.95 million. It is officially the most expensive home ever listed in South Jersey, writes Ryan Mulligan for the Philadelphia Business Journal.

The 44,000-square-foot estate is owned by married couple Dr. Calvin H. Knowlton and Dr. Orsula V. Knowlton. Calvin is the former leader of Tabula Rasa HealthCare; he stepped down from the Moorestown-based company’s helm in September amid pressure from an outside investor.

The Knowltons are therefore looking to relocate from the area.

The mansion had a ballpark $27 million price tag to construct, a project still not 100 percent complete. Its listing agent — Kevin Steiger of Sotheby’s International Realty — positioned the work-in-progress home as an opportunity for future owners to “…put their own handprint on it.”

The four-floor home on its 7.7-acre lot has seven bedrooms and eight bathrooms. It boasts six fireplaces, three elevators, and an indoor pool.

Other amenities include a car elevator that can bring vehicles up to the specifically designed display space, a golf simulator that enables play on any course in the world, and a movie theater.

Steiger said the property’s purchaser would require a net worth of at least $100 million; he theorized it may be within the price range of a hedge fund manager, an offshore tycoon looking to establish a U.S. residency, or even a Phila. professional athlete with a multiyear contract.

Read more about the Moorestown mansion in the Philadelphia Business Journal.

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