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What a hit! Grammy Award winners Alicia Keys and her producer husband Swizz Beatz Dean have finally sold their 5-acre New Jersey estate — at a massive loss.
The music power couple bought the property from Eddie Murphy in two separate transactions for a $12.1 million sum nearly a decade ago.
They first put it on the market for $14.9 million in 2015, but slashed the price to $9.9 million last August. It was still asking that price when it went into contract in February.
Now, Gimme can exclusively reveal the closing price: The spread went for just $6 million.
“It’s an insane price. I can’t believe it went that low,” said an insider familiar with the deal.
Keys, Dean and their two kids — Egypt and Genesis — spend most of their time on the West Coast these days. In 2019 they bought a modern cliffside mansion known as Razor House, for $20.8 million, in La Jolla, Calif.
The home, crafted by architectural designer Wallace E. Cunningham, is said to be the inspiration for Iron Man, Tony Stark’s fictional cliffside property.
It’s a completely different look from the Colonial-style New Jersey mansion, which they had spent millions renovating — including the addition of a gallery for their massive art collection, which famously includes Jean-Michel Basquiat, Andy Warhol, Kaws and Maya Hayuk.
The 25,000-square-foot property at 191 Brayton St. comes with six bedrooms, an indoor pool, a 2-lane bowling alley, a movie theater, two elevators — and a state of the art recording studio.
Keys and Dean had first plunked down $10.42 million on the 32-room mansion in 2013. A year later, they bought an adjacent empty lot from Murphy for $1.7 million at 286 Johnson Ave.
The listing broker was Christopher Boel of Christie’s International Real Estate.