$18.5 Million Home Leads Record Sales in Parsippany-Troy Hills
A single-family home in Parsippany-Troy Hills has set a new benchmark in residential real estate sales, fetching a remarkable price of $18.5 million. This sale, finalized on October 20, 2023, is part of a week that saw a total of 15 residential properties sold within the area, with an average selling price of $1.8 million and an average price per square foot of $420.
The following properties made the list of the most expensive sales recorded during the week of November 3-9, 2023, highlighting the diverse range of homes sold in this thriving market.
Top Ten Real Estate Sales in Parsippany-Troy Hills
10. **$378,000** – Single-family home at **195 N. Beverwyck Road APT8**
This residence, located in Lake Hiawatha, was built in 1960 and features a price per square foot of $378. The deal was finalized on October 17.
9. **$400,000** – Single-family house at **40 Alpine Road**
Located in Parsippany, this detached house built in 1950 has a living area of 1,004 square feet. The sale was finalized on October 21, with a price per square foot of $398.
8. **$528,000** – Single-family house at **29 Delanco Drive**
The home in Parsippany, constructed in 1960, sold for $527,500. With a living area of 1,254 square feet, the sale was completed on October 20, equating to a price per square foot of $421.
7. **$580,000** – Single-family home at **120 Parsippany Road**
Finalized on October 24, this detached house built in 1955 sold for $580,000.
6. **$600,000** – Single-family residence at **65 Norman Ave.**
A 1,760-square-foot home in Lake Hiawatha, built in 1955, was sold for $600,000, with a price of $341 per square foot. The deal was completed on October 23.
5. **$650,000** – Detached house at **11 Whitewood Drive**
This Morris Plains property, built in 1966, features a living area of 1,836 square feet. It was sold for $650,000 on October 24.
4. **$715,000** – Single-family house at **870 Smith Road**
A residence in Parsippany, this house was sold for $715,000 on October 15. Built in 1960, it has a total living area of 1,692 square feet.
3. **$721,111** – Single-family home at **22 Beachwood Road**
Finalized on October 21, this detached house in Parsippany sold for $721,111. Built in 1965, it has a living area of 1,975 square feet.
2. **$868,000** – Detached house at **132 Northfield Road**
This home, sold for $868,000, was built in 1965 and has a living area of 2,064 square feet. The sale was completed on October 17, with a price per square foot of $421.
1. **$18,500,000** – Single-family home at **200 Baldwin Road**
The standout sale of the week, this residence, built in 1970, marks a significant transaction for the Parsippany real estate market. The deal was finalized on October 20 and underscores the area’s appeal to high-end buyers.
As the Parsippany-Troy Hills area continues to attract substantial residential investment, these sales reflect both the diversity and value of properties available in the region. The high average selling price indicates a strong demand, particularly for luxury homes, setting the stage for future market trends.
