The Story of the $10 Montclair Mansion with No Offers

Historical Property Restrictions

When the property was bought by the development team, they had a hamstring blocking their original intent. The sale included an agreement that protected the estate in terms of keeping it whole. The party on the other side of the contract was the Montclair Historic Preservation Commission. Given Aubrey Lewis’ history, the estate was deemed history and needed to be kept whole, which if course blocked any development of smaller lots. So, the real estate team came up with Plan B. List it for $10 with a key contingency.