Did u know CONTINUES
FAN BUYS WHITNEY HOUSTON’S NEW JERSEY
HOME
MENDHAM, NJ - According to Zillow, online real estate database, Whitney
Houston’s 13,607-squarefoot home on five acres
was purchased by Matthew
Krauthamer, a 33-year-old
emergency room physician with
various real estate investments,
for $1.5 million. Along with five
bedrooms and six bathrooms,
the 1987 creation and site
of Whitney Houston‘s 1992
wedding to Bobby Brown also
includes a large swimming
pool, two Jacuzzis and a tennis
court, among other amenities.
The property has been on and
off the market since 2009,
and following Houston’s death
in 2012 the listing price was
repeatedly reduced (at one point, the home was listed for $1.75 million),
Zillow also reports. It was sold to Commercial Property Management Group
(CPMG) in February for $999,900. Selling agent Greg Taylor, who represented
the investment company, said renovations were considered before putting
the property back on the market, since it had been vacant for so long, but
Krauthamer — who lived just a few blocks away — quickly purchased the
home. Krauthamer said he has turned down filmmakers and fans who have
contacted him to view the property, and he told the late singer’s family that he
does not plan to exploit Houston’s fame.
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SPECTACULAR MAGAZINE | June 2014 | www.spectacularmag.com