A little-known Northern California town, established more than 100 years ago on a tract of land owned by a Scottish liquor wholesaler named James Ross, offers some of the nation’s most expensive homes. The area, a San Francisco suburb north of the Golden Gate Bridge, is a leafy retreat for celebrities, executives and a few politicians.
But even Ross can’t keep pace with Alpine, NJ, where the median home sale is $6.7 million and prices have jumped 41% year over year, according to Realtor.com. Where Ross flies under the radar of media scrutiny, residents of Alpine inevitably get attention. In a town where single-family homes sometimes list for more than $50 million, the current most expensive listing is a seven-bedroom, 12-bathroom mansion priced at $18.5 million.
Though wealthy neighborhoods hold their appeal through storms, recessions and stock bubbles, even Ross stumbled considerably in recent years…
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