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40 Independence Road

Red Bank, NJ 07701

$10,000,000 $42,160/Mo

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Overview

Bed

Bath

20.47

Acres(Lot)

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, on e 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.

Property Details

Property Type : Residential Income

Price : $10,000,000

AD Id : 76372356

MLS Id : 22607710

Lot Size : 20.47 Acres

Year Built : 1932

Garage : 13

County : Monmouth

Map

What's Nearby

Nearby Areas

Features

Room Information

Has Basement: Yes Basement: Full
Roofing Information

Other
Interior Features

Roof: Other
Heating & Cooling

Has Heating: Yes Heating: Zoned Has Cooling: Yes Cooling: Central Air, Other

Building Information

Year Built: 1932 Construction Materials: Stucco Pool Features: In Ground Private Pool: No

Lot Information

Main Square Feet: 20.47 Acres Lot Size Acres: 20.47 Lot Size Square Feet: 891673.2

Property Information

Subdivision: None Source Property Type: Residential Income MLS Area Minor: Middletown (MID) Zoning Description: Residential, Agricultural Property SubType: Multi Family Property Age: 94

Listing Price Information

Listing Price: $10000000

Tax Information

Parcel Number: 32-00882-0000-00008 Tax Lot: 8 Tax Block: 882 Tax Year: 2025 Annual Tax: $64939

Parking Information

Oversized

Garage Information

Has Garage: Yes Garage Space: 13

School Information

Elementary School: Fairview

Junior High School: Bayshore

Senior High School: Middle North
Location Information

Direction: Cooper Rd to Hillandale to Independence or Chapel Hill Rd to Independence WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
135-137 Oakland Street, Red Bank, NJ, 07701	$925,000	--	--	--

The data relating to real estate for sale on this website comes in part from the Internet Data exchange ("IDX") program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. 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. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.

ByOwner last updated this listing 06/14/2026 @ 21:31

MLS: 22607710 LISTED BY: Kelly Zaccaro, Heritage House Sotheby's International Realty 732-842-8100 SOURCE: Monmouth Ocean Regional Multiple Listing Service