For sale

$10,000,000

40 Independence Road, Red Bank, NJ 07701

3beds

15,025sqft

Est.:

Single Family Residence

Built in 1930

20.14 Acres Lot

$3,237,600 Zestimate^®

$666/sqft

$-- HOA

What's special

Gothic archesInterconnecting pebble drivesSmall barn with paddocksIvy-covered stone courtyardsClock towerOriginal stone fountainsHand-carved oak doors

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. 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

1 day

5,183

270

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 4
Full bathrooms: 4

Heating

See Remarks

Cooling

Multi Units

Features

Flooring: Wood

Interior area

Total structure area: 15,025
Total interior livable area: 15,025 sqft

Property

Parking

Total spaces: 13
Parking features: Circular Driveway, Common, Driveway
Garage spaces: 13
Has uncovered spaces: Yes

Features

Stories: 2
Exterior features: Tennis Court(s)
Pool features: Community, Fenced, In Ground
Fencing: Fenced Area

Lot

Size: 20.14 Acres
Features: Wetlands, Back to Woods, Cul-De-Sac, Oversized

Details

Parcel number: 3200882000000008
Zoning description: Residential, Agricultural

Construction

Type & style

Home type: SingleFamily
Architectural style: Mother/Daughter,Carriage House
Property subtype: Single Family Residence

Materials

Stucco
Foundation: Slab
Roof: Wood

Condition

Year built: 1930

Community & HOA

Community

Subdivision: None

HOA

Has HOA: No

Location

Region: Red Bank

Financial & listing details

Price per square foot: $666/sqft
Tax assessed value: $4,023,500
Annual tax amount: $64,939
Date on market: 3/24/2026

Estimated market value

$3,237,600

$2.56M - $4.05M

$6,089/mo

Price history

Date	Event	Price
3/24/2026	Listed for sale	$10,000,000$666/sqft
Source: MoreMLS #22607708 Report a problem
12/10/2021	Listing removed	--
Source: Zillow Rental Network_1 Report a problem
11/17/2021	Listed for rent	$4,000+11.1%
Source: Zillow Rental Network_1 #22137030 Report a problem
11/13/2019	Listing removed	$3,600
Source: Gloria Nilson & Co. Real Estate #21941985 Report a problem
10/16/2019	Listed for rent	$3,600
Source: Gloria Nilson & Co. Real Estate #21941985 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$66,187 +34.4%	$4,023,500 +34.4%
2024	$49,251 +1.1%	$2,994,000 +6.8%
2023	$48,723 -1.3%	$2,803,400 +6.9%
2022	$49,372 -2.7%	$2,622,000 +7.5%
2021	$50,750 +0.2%	$2,439,900 +1.4%
2020	$50,656 +100.5%	$2,406,900 +0.4%
2019	$25,268	$2,398,500 +2.8%
2018	$25,268 -49.9%	$2,332,200 +2.6%
2017	$50,441 0%	$2,272,200 -4%
2016	$50,459 +2.8%	$2,367,000 +0.2%
2015	$49,095 +2.3%	$2,362,300 +5.3%
2014	$47,996 +1.5%	$2,242,800
2013	$47,278	$2,242,800 +115.9%
2003	--	$1,038,700
2002	--	$1,038,700
2001	--	$1,038,700