40 Independence Road, Red Bank, NJ 07701 (MLS# 22607710)

40 Independence Road, Red Bank, NJ 07701

$10,000,000

Property Type: Multi-Family Lot Size (sq. ft.): 891,673 Status: Active

Current Price: $10,000,000 List Date: 3/24/2026 Last Modified: 7/25/2026

Overview

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,

Supplements: 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.

Listing Details MLS# 22607710

Contract Info

Property Sub-Type: Multiple Buildings

Location

House Number: 40
Street Name: Independence
Street Suffix: Road
County: Monmouth
Municipality: Middletown (MID)
Postal City: Red Bank
State: NJ
Zip Code: 07701
Area/Section: Locust
Complex/Subdivision: None
Elementary School: Fairview
Other Elementary: Rumson Country Day
Middle School: Bayshore
High School: Middle North
Other High: Ranney School
Directions: Cooper Rd to Hillandale to Independence or Chapel Hill Rd to Independence

General Property Info

# Units in Bldg: Yes
Apx Year Built: 1932
Fireplace: Yes
# Acres: 20.47
Garage: Yes
# Car Garage: 13
Pool: Yes
Waterfront: No
Waterview: No

Tax and Legal

Asmnt - Total: 4023500
Deed Restricted: Yes
Taxes: 64939
Tax Year: 2025

Unit 1

Master Bedroom Level: Yes
# Bedrooms: 3
# Full Baths: 4
Kitchen Level: Yes
Living Room Level: Yes

Unit 2

# Bedrooms: 3
Bedroom Level: 2
# Full Baths: Yes
# Half Baths: Yes
Kitchen Level: Yes
Living Room Level: Yes

More Information

Unit 3

# Bedrooms: 3
Bedroom Level: 2
# Full Baths: Yes
# Half Baths: Yes
Kitchen Level: Yes
Living Room Level: Yes

Unit 4

# Bedrooms - Unit 4: 2
# Full Baths - Unit 4: Yes

Unit 5

# Bedrooms: 5
# Full Baths: 3
Kitchen Level: Yes
Living Room Level: Yes

Property Features

Basement: Full Cooling: Central Air; Other Heating: Zoned Water Heater: Other - See Remarks Siding: Stucco - Cement Roof: Other Garage: Oversized Pool: Common; In Ground Zoning: Agricultural; Residential Assessment Status: Assessed Showing: Call Agent

Listing Office: Heritage House Sotheby's International Realty

Listing Agent: Kelly Zaccaro

Last Updated: July - 25 - 2026

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