Address
40 Independence Road, Red Bank, NJ
Price
$ 10,000,000
Property Attributes
- ID#22607708
- TypeSingle Family
- Listing Status Active
- CountyMONMOUTH
- CityRed Bank
- AreaMiddletown
- NeighborhoodRed Bank
- Zip07701
- StyleHistoric,Detached,Mother/Daughter,Carriage House
- Year Built1930
- Taxes$ 64939
- Price$ 10,000,000
- Bedrooms3
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage15025
- Lot Size20.14 Acres
Data Source:
Monmouth Ocean Regional REALTORS® (MOMLS)
Property Description
Step onto this rare 20-acre estate in Middletown, NJ, & the outside world simply disappears. Comprised of a 15-acre parcel & two 2.5-acre lots with Chapel Hill Rd access & saleable separately - one of the smaller lots already improved with a cottage. Five residences, a clock tower, Gothic arches, ivy-covered stone courtyards, Ludowici tile roofs, hand-carved oak doors & interconnecting pebble drives create the unmistakable feeling of a French chateau at a human scale. Granite hitching posts, original stone fountains & a small barn with paddocks serve the property's horses, while wisteria & English ivy tumble over every wall. Beyond the courtyards, meadows & tree lines extend the sense of seclusion. Designed by acclaimed architect Alfred Hopkins, with landscapes by Martha Brookes Hutcheson, one of America's first women landscape architects, the estate was built for the Straus family of Macy's, whose name carries rare Titanic provenance. Offered for the first time since 1949, Tower Hill Farm is one of NJ's last authentic links to the Gilded Age.
| Price History | |
|---|---|
| 3/24/2026 | Listed $10,000,000 |
General Features
| Sewer | Septic Tank |
|---|---|
| Heating | See Remarks |
| Cooling | Zoned,Multi Units |
| Roof | Other,Shingle,Wood |
| Garage Spaces | 13.0 |
| Architectural Style | Historic,Detached,Mother/Daughter,Carriage House |
| Pool Features | Common,Fenced,In Ground |
| Construction Materials | Stucco |
| Year Built | 1930 |
| Stories Count | 2 |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | Monmouth |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | None |
| Garage Y/N | Yes |
| Other Structures | Horse Barn,Paddocks |
| Full Baths | 4 |
| Status | Active |
| Directions | Cooper Rd to Hillandale to Independence or Chapel Hill Rd to Independence |
| City | Red Bank |
| Senior Community Y/N | No |
| Zoning Description | Residential,Agricultural |
| MLS Area | Chapel Hill |
| Lot Size Units | Acres |
| Lot Size Square Feet | 877298.4 |
| Carport Y/N | No |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 64939.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| MLS Area Minor | Middletown (MID) |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active |
| Tax Assessed Value | 4023500 |
| MobileHomeRemainsYN | No |
| HeatingYN@Core.Permissions | None |
| Utilities@Core.Permissions | None |
| Water Body Access Y/N | None |
Interior Features
| Flooring | Wood |
|---|---|
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | Yes |
| Fireplace Y/N | Yes |
| Total Bedrooms | 3 |
| Total Baths | 4 |
Exterior Features
| Exterior Amenities | Tennis Court(s) |
|---|---|
| Fencing | Fence |
| Parking Features | Circular Driveway,Common,Driveway |
| Lot Features | Wetlands,Back to Woods,Cul-De-Sac,Fenced Area,Oversized |
| Water Source | Public |
| Lot Size Area | 20.14 |
| Foundation Details | Slab |
| Spa | No |
| Building Area Total | 15025.0 |
| Lot Size Acres | 20.14 |
| Waterfront Y/N | No |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 07701
Year Built
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The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the Hudson County MLS. Real estate listings held by brokerage firms other than NextHome New Prospects Realty are marked with the HCIDX mark and the information about them includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers
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The New Jersey Real Estate Commission requires every licensed broker or salesperson with whom you list your property to give you a copy of this notice. The purpose is to help you comply with the New Jersey Law
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than NextHome New Prospects Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed.
Last date updated: September 12, 2026 11:20 PM UTC Source: New Jersey Multiple Listing Service, Inc. "© 2026 New Jersey Multiple Listing Service, Inc. All rights reserved."
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