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A New York Yacht Club Commodore's Landlocked Jersey Estate

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Location: Peapack-Gladstone, N.J.
Price: $5,900,000
The Skinny: This imposing 38-room mansion, the New Jersey home of investment banker C. Ledyard Blair, was built over a five year period and finally completed in 1903. Blair, heir to a railroad fortune, was an enthusiastic yachtsman who served as commodore of the tony New York Yacht Club, owned a 238-foot steel-hulled yacht that he later donated to the WWI war effort, and even piloted an ocean liner into Bar Harbor, Maine on one occasion. That Blair was so enthralled with the water makes his choice of permanent residence, a township some 45 miles inland from NYC, a somewhat unlikely one. So, like many rich folks of the era, he kept a summer residence, in Newport, R.I., called Honeysuckle Lodge—which, curiously enough, is now also for sale. This massive New Jersey spread was the site of many Blair family weddings and, with 31 bedrooms, could probably sleep a good portion of the wedding party. Today, the property, known as Blairsden, still commands respect, thanks to 34 private acres and the Gilded Age architecture. All of this makes the $5.9M asking price seem like quite a deal.
· 30 Blair Drive [Turpin]
· Honeysuckle Lodge [Gustave White]