Most Expensive House in Most Expensive Zip Code: Is It Worth It?

It may look like Newport, R.I., but it's actually New Jersey -- the Jersey that Manhattanites and Americans of all stripes love to mock. But Alpine, N.J., is far from the Jersey Shore of "Snooki" and "The Situation." Just six miles away from Manhattan, it is the most expensive zip code in the United States, according to Forbes.

A current listing in Alpine, a 30,000-square foot mansion with a price tag of $68 million, has also set a record. It is the highest-priced free-standing residential property currently listed in the United States.

The property has so far attracted the interest of four buyers from the world of business and finance, broker Dennis McCormack of Prominent Properties Sotheby's Realty told HousingWatch.

The prospects remain anonymous, but imagine the buyer as someone who covets a grand, Newport, R.I.-style spread, complete with requisite ballroom, library with vaulted ceiling, a 2,000-square-foot pool house (next to the 65-foot pool), a slate roof and tons of substructural steel, for added stability.

But is this house --or any house, for that matter -- worth $68 million?