COLTS NECK – A multi-million dollar mansion on Cedar Drive was destroyed by a fire early Thursday morning.
Fire companies from throughout Monmouth County responded to the blaze, which was reported as a fully involved structure fire shortly after midnight.
As of 8 a.m. on Thursday, a section of Cedar Avenue remained closed in both directions as fire crews continued to work at the scene.
The 15,000-square-foot home was built in 2002, according to Zillow.com, and featured seven bedrooms and nine bathrooms on 4.3 acres of land. The home was abandoned, but was most recently listed for sale in 2015 for just shy of $8 million.
Video posted on YouTube has gone viral, showing vandalism and graffiti on the property.
The home was once owned by David Findel, who pleaded guilty in September 2011 to bankruptcy fraud.
Findel admitted to running an $11 million loan scheme while he headed up the Morganville-based Worldwide Financial Resources to cover losses during the housing collapse.
A judge sentenced Findel to five years and three months in prison, and ordered him to pay $12 million in restitution.
–NJ Advance Media’s Rajeev Dhir contributed to this report.
Rob Spahr may be reached at rspahr@njadvancemedia.com. Follow him on Twitter @TheRobSpahr. Find NJ.com on Facebook.
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