40 Independence Road, Red Bank, NJ 07701
$10,000,000
Property Type:
Land/Lots
Lot Size (sq. ft.):
891,673
Status:
Active
Current Price:
$10,000,000
List Date:
3/24/2026
Last Modified:
6/03/2026
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,
Suppliments: 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.
More Information MLS# 22607709
Contract Info
Status: Active
List Date: 2026-03-23
List Price: $10,000,000
Current Price: $10,000,000
List Price/Acre: 488519.79
Property Sub-Type: Residential Land
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: Chapel Hill
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
Waterfront: No
Waterview: No
For Lease: No
Acreage: 20.47
Tax and Legal
Asmnt - Total: 4023500
Deed Restricted: Yes
Taxes: 64939
Tax Year: 2025
Property Features
Lot Description: Cul-De-Sac
Electric: On Site
Gas: On Site
Out Buildings: Fencing; Garage(s); Guest House; Horse Barn; Pool House; Residence; Shed(s)
Assessment Status: Assessed
Supplements
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 Office: Heritage House Sotheby's International Realty
Listing Agent: Kelly Zaccaro
Last Updated: June - 03 - 2026

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