40 Independence RoadRed Bank, NJ 07701

Single Family · 3 Beds · 4 Full Baths · 15,025 Sq. ft. | 20.14 Acres
$10,000,000 Active

40 Independence Road Overview

Time on Site:
97 days
Visits:
65

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. Five 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, one 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.

Listing provided courtesy of Heritage House Sotheby's International Realty- MLS# 22607708MLS Provider
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40 Independence Road Facts & Features

  • Type Single Family
  • Sq. ft. 15,025
  • Price/Sq.ft. $666
  • Lot 20.14 Acres

Details

General

Association/HOA

  • Association: No

Building Information

  • Year Built: 1930

Location/Region

  • County Or Parish: Monmouth
  • MLS Area Major: Chapel Hill
  • MLS Area Minor: Middletown (MID)
  • Subdivision Name: None

Tax Information

  • Tax Annual Amount: $64,939.00
  • Tax Assessed Value: $4,023,500.00
  • Tax Year: 2025

General Information

  • Parcel Number: 32-00882-0000-00008
  • Property Sub Type: Single Family Residence
  • Property Type: Residential

Interior

Parking Information

  • Garage Spaces: 13.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total: 4
  • Bedrooms Total: 3

Building Interior

  • Building Area Total: 15025.0

General Information

  • Fireplace: Yes
  • Fireplaces Total: 0
  • Flooring: Wood
  • Foundation Details: Slab
  • Heating: See Remarks
  • Living Area: 15025.0
  • Rooms Total: 0
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Circular Driveway, Common, Driveway

Lot Information

  • Lot Features: Wetlands, Back to Woods, Cul-De-Sac, Fenced Area, Oversized
  • Lot Size Acres: 20.14
  • Lot Size Area: 20.14
  • Lot Size Square Feet: 877298.4
  • Lot Size Units: Acres
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Historic, Detached, Mother/Daughter, Carriage House
  • Attached Garage: No
  • Construction Materials: Stucco
  • Roof: Other, Shingle, Wood

General Information

  • Exterior Features: Tennis Court(s)
  • Fencing: Fence
  • Other Structures: Horse Barn,Paddocks
  • Pool Features: Common, Fenced, In Ground
  • Sewer: Septic Tank

40 Independence Road Neighborhood

Community

07701 (Red Bank) Demographics

42
Median Age
2,231
Population Density (per sq. mile)
56%
College Educated
$95,419
Estimated Median Income
6,824
Estimated Total Home Owners
3,735
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

40 Independence Road Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

40 Independence Road Market Data

Based on the last 30 days in this zip code

$456,938
Average List Price
$8
Average Price per Square Foot
1
Properties Sold
186
Average Days on Market
4
Properties for Sale
Calculations provided by Reliance Network

40 Independence Road History

Date Event Value Agent
3/24/2026Source: Monmouth Ocean Regional MLS Added to Database
March 24, 2026
3/24/2026Source: Monmouth Ocean Regional MLS Added to Database
March 24, 2026
3/24/2026Source: Monmouth Ocean Regional MLS Added to Database
March 24, 2026
10/5/2023Source: Monmouth Ocean Regional MLS Added to Database
October 05, 2023
10/5/2023Source: Monmouth Ocean Regional MLS Added to Database
October 05, 2023