Image: Trulia |
The borough, less than nine miles from Manhattan, recently topped Forbes' list of the most expensive zip codes in America.
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Most people value Alpine for its privacy. Unlike other expensive zip codes where high taxes pay for a bevvy of municipal services, Alpine has a relatively low tax rate, thanks in part to the fact that it doesn't have a high school or mail delivery.
In fact, it has barely any commerce at all--the only restaurant is Kiku, a hibachi house on the outskirts of town.
The median home price in Alpine is $4.55 million, while the most expensive home on the market, the historic stone mansion on the Frick estate, is listed at an eye-popping $53 million.
That doesn't necessarily mean the borough's housing market is booming, however. There are currently 54 homes with Alpine addresses on the market, according to Trulia (just five cost less than $1 million). "For Sale" signs hang all over town, most with the phone number of the local Sotheby's Realty office. And last year, prices were down 23% year-over-year, according to Forbes.
Want to know what it's really like inside America's wealthiest zip code?
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