Historic New Jersey mansion seized from fraudster is now listed for $33M
New Jersey's historic Crocker Mansion in Mahwah was officially put back on the market this month after it was seized from a billionaire fraudster in 2023.
The 120-year-old estate at 675 Ramapo Valley Road is a 58-room, four-story 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 New Jersey agents Diane Cookson and Carl Gambino and the Fox & Stokes team.
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.
"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 New 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 bank fraud, money laundering, securities 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 New 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-end 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 News Service.
Maddie McGay is the real estate reporter for NorthJersey.com and The Record, covering all things worth celebrating about living in North Jersey. Find her on Instagram @maddiemcgay, on X @maddiemcgayy, and sign up for her North Jersey Living newsletter. Do you have a tip, trend or terrific house she should know about? Email her at MMcGay@gannett.com.
This article originally appeared on NorthJersey.com: Historic Crocker Mansion listed for $33 million in Mahwah, NJ
