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Historic recent Jersey mansion seized from fraudster is now listed for $33M


REAL ESTATE
Real Estate

Historic recent Jersey mansion seized from fraudster is now listed for $33M

2-minute read

Maddie McGay
NorthJersey.com

recent Jersey’s historic Crocker Mansion in Mahwah was officially put back on the economy this month after it was seized from a billionaire fraudster in 2023.

The 120-year-ancient estate at 675 Ramapo Valley Road is a 58-room, four-narrative brick palace that boasts nearly 50,000 square feet of living space on 12.5 acres along the Ramapo Mountains. It is privately listed for $33 million by Compass recent Jersey agents Diane Cookson and Carl Gambino and the Fox & Stokes throng.

Built between 1901 and 1907 by railway heir George Crocker, the property features 21 bedrooms, 29 bathrooms, a massive great hall and dining room, a library with gold leaf décor, marble staircases, an indoor spa and sauna, a tearoom, a billiards hall and a movie theater.

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There also are a tennis court, several fountains and an eight-car garage.

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“Welcome to the Crocker Mansion, a truly magnificent and rare estate that stands as an architectural masterpiece just 25 miles from the vibrant heart of recent York City,” the listing says.

This listing comes after the lavish property was seized in April 2023 from its previous owner, Ho Wan Kwok — better known as Miles Guo — who was charged with masterminding an elaborate scheme in which he allegedly cheated thousands of online followers out of more than $1 billion. A 12-count indictment that was unsealed in federal court charged Guo and his financier, Kin Ming Je, or William Je, with financial institution fraud, money laundering, financial instruments fraud and wire fraud.

Guo initially purchased the Crocker Mansion for $26 million in late December 2021, making it the priciest home to sell in all of recent Jersey that year. The estate was just one of many pieces of property — including a 98-inch TV, a Bösendorfer grand piano and multiple high-complete sports cars — as well as hundreds of millions of dollars that were seized by the federal government.

In July, a jury found him guilty on nine criminal fraud and conspiracy counts but acquitted him on three counts, according to Courthouse information Service.

Maddie McGay is the real estate reporter for NorthJersey.com and The Record, covering all things worth celebrating about living in North Jersey. discover her on Instagram @maddiemcgay, on X @maddiemcgayy, and sign up for her North Jersey Living newsletter. Do you have a tip, pattern or terrific house she should recognize about? Email her at [email protected].

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