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40 Independence Road, Red Bank, NJ 07701

$10,000,000

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Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 15,025 Lot Size (sq. ft.): 877,298 Status: Active

Current Price: $10,000,000 List Date: 3/24/2026 Last Modified: 3/28/2026

Overview

Description

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.

Supplements: 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

Listing Details MLS# 22607708

Contract Info

List Price/SqFt: 665.56
Property Sub-Type: Single Family Residence
Sub-Type: Detached

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: Chapel Hill
Complex/Subdivision: None
Directions: Cooper Rd to Hillandale to Independence or Chapel Hill Rd to Independence

General Property Info

Full Baths: 4
Total Baths: 4
Basement: Yes
Fireplace: Yes
Apx SqFt: 15025
# Levels: 2
Apx Year Built: 1930
Garage: Yes
# Car Garage: 13
Acreage: 20.14
HOA: No
Pool: Yes
Waterfront: No
Waterview: No
Farm: Yes
Rooms: 11

Tax and Legal

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

Style

Carriage House: Yes
Historic: Yes
Mother/Daughter: Yes

Zoning

Agricultural: Yes
Residential: Yes

More Information

Lot Description

Back to Woods: Yes
Cul-De-Sac: Yes
Fenced Area: Yes
Wetlands: Yes

Water/Sewer

Public Water: Yes
Septic Tank: Yes

Floors

Wood: Yes

Basement

Slab: Yes

Cooling

Multi Units: Yes
Zoned: Yes

Water Heater

Other - See Remarks: Yes

Out Buildings

Horse Barn: Yes
Paddocks: Yes

Heating

See Remarks: Yes

Exterior

Fence: Yes
Tennis Court(s): Yes

Owner

Trust: Yes

Parking

Circular Driveway: Yes
Common: Yes
Driveway: Yes
Oversized: Yes

Garage

Detached: Yes

Assessment Status

Assessed: Yes

Siding

Stucco - Cement: Yes
Wood: Yes

Roof

Shingle: Yes
Other: Yes

Pool

Common: Yes
Fenced: Yes
In Ground: Yes

Property Features

Style: Carriage House; Historic; Mother/Daughter Basement: Slab Floors: Wood Cooling: Multi Units; Zoned Heating: See Remarks Water Heater: Other - See Remarks Exterior: Fence; Tennis Court(s) Garage: Detached Siding: Stucco - Cement; Wood Roof: Shingle; Other Parking: Circular Driveway; Common; Driveway; Oversized Pool: Common; Fenced; In Ground Out Buildings: Horse Barn; Paddocks Zoning: Agricultural; Residential Lot Description: Back to Woods; Cul-De-Sac; Fenced Area; Wetlands Assessment Status: Assessed Owner: Trust

Listing Office: Heritage House Sotheby's International Realty

Listing Agent: Kelly Zaccaro

Last Updated: March - 28 - 2026

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