Date
Details
Price
Change
Source
3/24/2026
Listed
$10,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$10,000,000 Just Listed
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Property 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. 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.
Full Property Details
Full Property Details for 40 Independence Rd
General
- Price: $10,000,000
- Taxes: $64,939 (2025)
- Status: Active
- Type: Multi-Family
- Source: Monmouth
- MLS ID: 22607710
- Updated: 3/24/2026
- Added to Site: 3 day(s) ago
Additional Information
- Pool: Yes
- Pool Description: Common, In-Ground, Common, In Ground
Parking
- Garage: Yes
- Garage Spaces: 13
- Parking Features: Oversized
- Garage Description: Oversized
Location
- Area: Middletown (MID)
- Municipality: Middletown (MID)
- County: Monmouth
- Subdivision: None
School Information
- Other School: Ranney School, Rumson Country Day
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning, Other
- Heating Type: Zoned
Utilities
- Sewer: Septic Tank
- Water: Public
- Water/Sewer: Public Water
Structural Information
- Exterior Const.: Stucco
- Basement: Yes
- Roof: Other
- Year Built: 1932
Unit Information
Unit 1
- Bedrooms: 3
- Primary Bedroom: Level 1
- Living Room: Level 1
- Kitchen: Level 1
Unit 2
- Bedrooms: 3
- Bedroom 1: Level 2
- Living Room: Level 1
- Kitchen: Level 1
Unit 3
- Bedrooms: 3
- Bedroom 1: Level 2
- Living Room: Level 1
- Kitchen: Level 1
Unit 4
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 20.47
- Lot Size (Sq. Ft.): 891,673.2
- Zoning: Agricultural, Residential
Financial Considerations
- Tax Amount: $64,939
- Tax Year: 2025
Disclosures and Reports
- Property ID: 32-00882-0000-00008
- Section: Locust
Listed by Heritage House Sotheby's International Realty, Kelly Zaccaro
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Listing agent
— 40 Independence Rd —
Kelly Zaccaro
Heritage House Sotheby's International Realty
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 40 Independence Rd
School District:Middletown Township School District
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 40 Independence Rd
Tax History
Tax History for 40 Independence Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$49,251
—
$4,023,500
44%
2022
$49,372
-3%
$2,803,400
7%
2021
$50,750
—
$2,622,000
7%
2021
$50,750
—
$2,439,900
1%
2021
$50,750
—
$2,406,900
3%
2018
$50,539
5%
$2,332,200
3%
2017
$48,262
-4%
$2,272,200
-4%
2016
$50,441
—
$2,367,000
—
2015
$50,459
—
$2,362,300
-2%
2019
$50,656
3%
$2,398,500
7%
2014
$49,095
2%
$2,242,800
—
2013
$47,996
—
$2,242,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 40 Independence Rd
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- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 2,695Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 5Beds
- 5Total Baths
- 4,264Sq. Ft.
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- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 4Total Baths
- 3,679Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 4,155Sq. Ft.
- Condo
- Active
- Updated 4 days ago
- 1Bed
- 2Total Baths
- 992Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 2Beds
- 2Total Baths
- 1,320Sq. Ft.
40 Independence Road, Red Bank, NJ 07701 (MLS# 22607710) is a Multi-Family property with 1 unit containing 0 bedrooms and 0 full bathrooms. 40 Independence Road is currently listed for $10,000,000 and was received on March 24, 2026. Want to learn more about 40 Independence Road? Do you have questions about finding other Multi-Family real estate for sale in Red Bank? You can browse all Red Bank real estate or contact a Coldwell Banker agent to request more information.