Eddie Murphy's Mansion For Sale

Thirty million dollars!  That is the asking price for entertainer, Eddie Murphy's pad.  Well, to be more descriptive, the pad is actually a mansion.  The property is located in the exclusive East Hill Englewood neighborhood in Englewood, New Jersey.

The residence known as "Bubble Hill" has recently been put on the market by Murphy, who had owned the gated estate for the last eighteen years.  Murphy purchased the 25,000 square-foot home four years after it was constructed in 1982.  The lavish mansion is set on five sprawling acres of exquisitely manicured land and features seven bedrooms, nine full bathrooms, four half-bathrooms, a music studio, pool, bowling alley, and a miniature theatre. 

Murphy's home will be handled by Mary Lenk, vice president and manager for Burgdorff ERA in Cresskill, New Jersey.  Lenk, who has worked for 25 years in real estate and 18 years as an owner-broker, has spent the past four years as vice president and manager for Burgdorff ERA and serves Bergen County communities and New York.  She specializes in luxury homes, estates and starter homes, according to her description on the company's website.  She is also the former vice president of the New Jersey Chapter of the International Federation of Real Estate Professionals.  Most of her current listings are homes valued at $2 million and up.  Burgdorff ERA has a sales team of about 700 agents and 1,350 referral brokers.

If you're trying to do the math in your head: a 20 percent down payment on the home would be $6 million, and monthly principal and interest payments would add up to about $168,634 for a 30-year loan at a 7.55 percent interest rate.  The mansion also carries a hefty annual property tax bill, totaling nearly $200,000 this year, tax records showed.

Murphy, 43, has been one of the top entertainers over the past two decades.  He first rose to prominence with his standup comedy with legendary performances in Saturday Night Live, Raw, and Delerious.  He then went on to star in successful string of films in the 1980s that included the Beverly Hills Cop series, Trading Places, 48 hours.  After the last few years, Murphy has become a father and has toned down his usual "adult" humor to focus on childrens project.  He played the lead role in The Nutty Professor, as well as providing the voice of Donkey in both Shrek movies.