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11 Addison Dr, Short Hills, NJ, 07078

6beds
7baths
8,050sqft
$4,795,000
$596price/sqft
$34,050/moest. monthly cost
$1,362,000/yrincome needed

About This Home

Classic sophistication embraces contemporary luxury in this extraordinary new construction masterpiece.Built in 2024 & never lived in, spanning over 8300 sqft of meticuously designed living space w/renowned architect Thomas Baio lending his expertise to every detail.Nestled on a serene treelined street&set on flat parklike property in a premium location,this 6 BD,6.1 BA home is the ultimate expression of refined living.Unveiling sweeping views from every rm,it invites you to its abundant outdoor haven featuring expansive bluestone covered patio,loc off grand 2 story Fam Rm filled w/sunlight & overlooking manicured grounds w/privacy & rm for a pool.Oversized garages accomodate 3 cars w/seamless main level access.This true convenience meets outfitted mudroom.Boasting 1st fl guest suite w/full bath.Kit is a culinary masterpiece designed for a gourmet chef featuring lrg center isl,custom cabinetry, b-i coffee bar&premium Wolf&Sub Zero appl's.Elegant butler pantry connects kit to formal din rm,designed w/wine refrig&prep sink.W-I pantry blends luxury w/functionality allowing for plentiful storage.Impressive 2nd level designed for privacy&indulgence.Bright&spacious office for the remote worker w/ensuite BD'S&luxurious mstr suite w/every amenity.Finished LL meets the gold standard in entertaining w/wet bar,beverage ctr&rec rm w/space for theater&gym.BD&full bath for guests.Unparalleled luxury w/in walking dist to Hartshorn Sch&minutes to midtown direct NYC train,park,dining&SH Mall.

Getting Around

10
WalkingCar-Dependent
0
TransitVery Limited Transit
22
BikeSomewhat Bikeable

Schools

10/10
8/10
Millburn Middle SchoolGrades 6-81.8 mi
9/10
Millburn Sr High SchoolGrades 9-121.7 mi

Construction

Condition

  • Year built: 2024

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Brick,Composition Shingle

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Kitchen Exhaust Fan,Microwave,Range/Oven-Gas,Refrigerator,Wine Refrigerator,Gas Water Heater

Basement

  • Features: 1Bedroom,BathOthr,GameRoom,Laundry,Office,RecRoom,Storage,Utility

Basement

  • Has basement: Yes
  • Basement: Yes,Finished,Sump Pump

Bedroom1

  • Level: Second
  • Area: 504

Bedroom2

  • Level: Second
  • Area: 266

Bedroom3

  • Level: Second
  • Area: 280

Bedroom4

  • Level: Second
  • Area: 273

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 7
  • Full bathrooms: 6
  • 1/2 bathrooms: 1

Dining Room

  • Features: Formal Dining Room
  • Level: First
  • Area: 234

Family Room

  • Level: First
  • Area: 532

Features

  • Bedroom,Rec Room,Exercise Room,Office,In-Law Floorplan
  • Flooring: Tile,Wood
  • Number of fireplaces: 2
  • Fireplace features: Bedroom 1,Family Room,Gas,Master Bedroom
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air,Zoned,Natural Gas
  • Cooling features: Central Air,Zoned

Interior Area

  • Total structure area: 8,050
  • Total interior livable area: 8,050 sqft

Kitchen

  • Features: Kitchen Island,Eat-in Kitchen,Pantry
  • Level: First
  • Area: 285

Living Room

  • Level: First
  • Area: 221

Master Bathroom

  • Features: Soaking Tub,Stall Shower

Property

Details

  • Parcel number: 1612035030000000530000

Features

  • Patio & porch: Patio

Lot

  • Lot size: 0.54 Acres
  • Features: Level
  • Lot size dimensions: .5394 AC IRR

Parking

  • Total spaces: 2
  • Parking features: Asphalt,Attached Garage,Garage Door Opener,Oversized
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Heat Wave
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $24,246$290,952
Home Insurance *$839$10,068
Property Taxes $8,078$96,936
Electricity $887$10,648
Total$34,050$408,600
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,167,428/yr
40% on housing$1,021,500/yr
45% on housing$908,000/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$596This listing

vs Other Active Listings

Avg $/sqft

ZIP 07078$853
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07078$681
Essex County$391

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-06Listed for sale$4,795,000
2025-07-21Sold$4,175,000
2025-06-25Pending sale$4,288,000
2025-05-06Price change$4,288,000
2025-04-24Listed for sale$4,388,000
2025-04-07Listing removed$4,325,000
2025-01-27Listed for sale$4,325,000
2024-12-03Listing removed$4,248,000
2024-11-06Price change$4,248,000
2024-09-20Price change$4,300,000
2024-08-16Price change$4,399,000
2024-05-28Listed for sale$4,499,000
2024-05-17Listing removed--
2023-12-15Listed for sale$4,698,000
2023-09-27Listing removed$4,499,000
2023-05-01Listed for sale$4,499,000
2022-12-29Sold$1,400,000
2022-09-09Sold$1,400,000

For Sale by Agent

AgentKim Panes
BrokerageWeichert Realtors

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