Melissa and Joe Gorga are officially bidding farewell to their opulent Montville, New Jersey, residence, marking a mixture of emotions in their parting.

The renowned personalities of The Real Housewives of New Jersey have recently completed the sale of their expansive 16-room, 9,100-square-foot dwelling. Melissa affirmed this via her Instagram on Monday. Records of property transactions reveаl that the property changed hands for $2. on December 14. Their initial listing price was set at $3.5M.

In her post, captioning a slideshow of property photos, the mother of three shared, “Our cherished family home over the past 12 years has now been sold. This residence holds a treasury of cherished memories. We were fortunate to have shared numerous moments with all of you, as well as with @bravotv and the #RHONJ audience. I derive comfort from the fact that I can always relive those times by watching reruns. I am eagerly anticipating fresh beginnings with my family.”

Back in 2007, Melissa, 41, and Joe, 42, procured this property in the affluent “Pond” section of Montville for $950,000. They then embarked on a joint venture to design and construct their present-day dwelling. Joe, renowned as a professional house flipper and real estate investor, played a pivotal role.

The couple initially placed their abode on the market in October 2017, at a price of $3., with realtor Jason Failla overseeing the listing. Subsequently, in July 2020, PEOPLE confirmed that the lavish property was reintroduced to the market at $2,948,888 — following a substantial markdown of slightly over $550,000 — and was represented by Joshua Baris of N.J. Lux Real Estate.

The pair, united in matrimony since 2004, are parents to three children: Antonia, their daughter, and sons Gino and Joey. Additionally, Joe is the sibling of Teresa Giudice, a fellow cast member of RHONJ.

Reflecting on their decision to place the property for sale, Melissa previously conveyed to PEOPLE in 2017, “My family and I have woven countless wonderful memories into the fabric of this house; Joe and I were instrumental in its inception and design. However, we have decided it’s time for a new chapter and we are eagerly anticipating the future.”

The mansion boasts six bedrooms, seven-and-a-half bathrooms, and encompasses a recording studio, cinema, two-story library, fitness center, salon, capacious wine cellar, and custom lounge. Situated on more than two acres of land, the property’s backyard encompasses a swimming pool, outdoor kitchen, and recreational area.

Prominent features indoors include the grand dual bridal staircase in the main entrance, a generously sized central island in the kitchen, and an elegant marble fireplace in the grand room, which leads seamlessly to the rear patio.

Baris, when discussing the listing with PEOPLE in July, expressed his deep honor, stating, “It is indeed an immense privilege to have been entrusted by Melissa and Joe Gorga to oversee the sale of their Montville, NJ residence. Combining Joe’s impeccable craftsmanship with my innovative online marketing strategies, we hold the confidence that this exceptional custom-built estate will find its rightful buyer.”

Joe experienced a social media controversy in February over an Instagram post pertaining to his house-flipping enterprise. The entrepreneur faced scrutiny for a since-deleted image shared on his personal Instagram account, depicting a house-flipping project he asserted was executed by his company.

The post showcased a supposed before-and-after comparison of the same house, with Joe remarking, “Observe this transformation valued at $1.9M. It took me half a year to execute this metamorphosis. We removed the roof and expanded the second story. I’m even considering moving in.”

Nevertheless, this stirred controversy when Instagram user Caley Svensson, hailing from Park Ridge, New Jersey, shared the image on her Instagram Story, asserting that the “after” image depicted her home — and that Joe had not been involved in its transformation.

“It was a brand-new construction, right from the foundation,” Svensson informed Good Morning America, noting that Joe’s claim of flipping the property was unfounded due to its recent construction. “Every aspect was fresh. It was constructed from scratch.”