Luxury Real Estate

By: Juliet Chung of the Wall Street Journal

Courtesy of: Heritage House Sotheby's International Realty

Max Weinberg and his wife, Rebecca, are asking $6.5 million for a seven-bedroom, Colonial-style home in Middletown, N.J.

The 8,900-square-foot house, above, is the first home that the prolific real-estate flippers, who also have a Los Angeles home on the market, built from the ground up. The home has a soundproof music room, a movie theater with a lobby and concession area and a pool. There's also a guest house, a 3,200-square-foot barn and a three-acre skating pond that has bleachers and stadium lighting. "This house was great; it should serve another family," says Mr. Weinberg, 59, saying he's downsizing now that his children are grown. The couple is building a smaller home nearby.

The house sits on almost 17 of 40 forested acres that Mr. Weinberg bought in 1997 for less than $1 million. He's keeping the remaining 23 acres. Since the end of "The Tonight Show With Conan O'Brien" Mr. Weinberg has continued to play with Bruce Springsteen's E Street Band and his own band. Mary Burke of Heritage House Sotheby's International Realty has the listing.