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40 Independence Road, Red Bank, NJ 07701

$10,000,000

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Property Type: Land/Lots Lot Size (sq. ft.): 891,673 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# 22607709

Contract Info

List Price/Acre: 488519.79
Property Sub-Type: Residential Land

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
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

Waterfront: No
Waterview: No
For Lease: No
Acreage: 20.47

Tax and Legal

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

Lot Description

Cul-De-Sac: Yes

Water/Sewer

Public Water: Yes
Septic - Existing: Yes

More Information

Electric

On Site: Yes

Gas

On Site: Yes

Out Buildings

Fencing: Yes
Garage(s): Yes
Guest House: Yes
Horse Barn: Yes
Pool House: Yes
Residence: Yes
Shed(s): Yes

Assessment Status

Assessed: Yes

Property Features

Lot Description: Cul-De-Sac Electric: On Site Gas: On Site Out Buildings: Fencing; Garage(s); Guest House; Horse Barn; Pool House; Residence; Shed(s) Assessment Status: Assessed

Listing Office: Heritage House Sotheby's International Realty

Listing Agent: Kelly Zaccaro

Last Updated: March - 28 - 2026

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.