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About This Home

This 16-bedroom, 12-bathroom residential multi family at 40 Independence Road in Red Bank, NJ is listed for $10,000,000. Built in 1932, on a 20.47 acres lot.

Agent 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. 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 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.

Key Features

  • Built in 1932
  • 20.47 acre lot
  • Fireplace

Property Details

10 full, 2 half
1932

Amenities

FireplaceA/C

Monthly Cost Estimate

$53,482/mo

20% down · 6.5% · 30 years

Principal$7,232
Interest$43,333
Insurance$2,917

Estimates only. Actual payments may vary.

Location

40 Independence Road

Red Bank, NJ 07701

Property Details

Construction

Stucco

Parking

Oversize

Heating

Zoned

Cooling

Central Air

Questions & Answers

This 16-bedroom, 12-bathroom residential multi family at 40 Independence Road is listed at $10,000,000. The estimated monthly payment is $43,333 based on 20% down at 6.5% interest.

Key features include: Built in 1932, 20.47 acre lot, Fireplace.

This property is listed by Kelly Zaccaro and can be reached at 7328428100 or kelly@kellyzaccaro.com.

KZ

Kelly Zaccaro

Agent at Heritage House Sotheby's International Realty

(732) 842-8100

Listed by Heritage House Sotheby's International Realty · View on Broker Site

MLS# 22607710· Source: listhub· Updated 70 days ago

Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

40 Independence Road, Red Bank, NJ 07701

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