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40 Independence Road, Red Bank, NJ 07701

$10,000,000

172-web-or-mls-74-print-DJI_202603131006

173-web-or-mls-80-print-DJI_202603131015

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Property Type: Multi-Family 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# 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
Basement: Yes

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

Zoning

Agricultural: Yes
Residential: Yes

Showing

Call Agent: Yes

Water/Sewer

Public Water: Yes
Septic Tank: Yes

Basement

Full: Yes

Cooling

Central Air: Yes
Other: Yes

Water Heater

Other - See Remarks: Yes

Heating

Zoned: Yes

Garage

Oversized: Yes

Assessment Status

Assessed: Yes

Siding

Stucco - Cement: Yes

Roof

Other: Yes

Pool

Common: Yes
In Ground: 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: 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.