40 Independence Road Red Bank, NJ $ 10,000,000
40 Independence Road
$ 10,000,000
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40 Independence Road

Red Bank, NJ, 07701
$ 10,000,000
Bedrooms16 Baths0.0

Monthly Estimate*

$ 61,572

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Multi-Family Home for sale in Red Bank, NJ

for $10,000,000 with 16 bedrooms. This home was built in 1932 on a lot size of 20.47.

Step onto this rare 20-acre estate in Middletown, NJ, and the outside world simply disappears. 5 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, yet at a romantic, 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, unbroken meadows & serene tree lines stretch as far as the eye can see. 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 Herbert Straus of the Macy's family. With 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.

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Multi-Family Active

Price

$ 10,000,000

Bedrooms

16

Property Type

Multi-Family

Taxes

$ 64,939

Style

Lot Size

20.47

Year Built

1932

Town/City

Red Bank

County/Region

Monmouth

MLS | Web ID

22607710

Features
General
Sewer Septic Tank
Heating Zoned
Cooling Central Air Other
Roof Other
Garage Spaces 13.0
Pool Features Common In Ground
Construction Materials Stucco
Year Built 1932
Property Subtype Multiple Buildings
Tax Year 2025
County Monmouth
New Construction N
Property Type Multi-Family
Attached Garage N
Subdivision Name None
Garage Y/N Y
Status Active
Directions Cooper Rd to Hillandale to Independence or Chapel Hill Rd to Independence
High School Middle North
City Red Bank
Zoning Description Residential Agricultural
Number Of Units Total 1
MLS Area Locust
Lot Size Units Acres
Lot Size Square Feet 891673.2
Carport Y/N N
Elementary School Fairview
Tax Annual Amount 64939.0
Home Warranty Y/N N
Middle/Junior High School Bayshore
Lease Renewal Y/N N
MLS Area Minor Middletown (MID)
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
TaxOtherAnnualAssessmentAmount 4023500.0
Senior Community None
Water Body Access Y/N None
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Interior
Basement Full
Total Fireplaces 0
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Oversized
Water Source Public
Lot Size Area 20.47
Spa N
Lot Size Acres 20.47
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 40
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* Excluded Features
List By
Kelly Zaccaro

Listing Agent

Heritage House Sotheby's International Realty

Broker

kelly@kellyzaccaro.com

Email

Affordability Calculator

$66,983
Per Month
92%
8%
0%
Monthly Principal & Interest
$61,572
Monthly Property Taxes
$5,412
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1828272 Elementary School
1827829 Middle School
Middle North High School High School
Pricing History
DatePricePrice ChangeDescription
3/24/2026$10,000,000 Listed Price

Map


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40 Independence Road, Red Bank, NJ, 07701 is a Multi-Family Home for sale at $10,000,000 with a lot size of 20.47. 40 Independence Road has 16 bedrooms, 0.0 baths, and was built in 1932. The property's zip code is 07701 which is in Red Bank, NJ