40 Independence Road, Red Bank, NJ 07701
$10,000,000
Property Type:
Residential
Bedrooms:
3
Baths:
4
Square Footage:
15,025
Lot Size (sq. ft.):
877,298
Status:
Active
Current Price:
$10,000,000
List Date:
3/24/2026
Last Modified:
5/17/2026
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. 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,
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.
More Information MLS# 22607708
Contract Info
List Price/SqFt: 665.56
Sub-Type: Detached
Status: Active
List Date: 2026-03-23
List Price: $10,000,000
Current Price: $10,000,000
Property Sub-Type: Single Family Residence
Location
Area/Section: Chapel Hill
House Number: 40
Street Name: Independence
Street Suffix: Road
County: Monmouth
Municipality: Middletown (MID)
Postal City: Red Bank
State: NJ
Zip Code: 07701
Complex/Subdivision: None
Directions: Cooper Rd to Hillandale to Independence or Chapel Hill Rd to Independence
General Property Info
Waterfront: No
# Levels: 2
Waterview: No
Acreage: 20.14
Fireplace: Yes
Rooms: 11
Basement: Yes
Garage: Yes
# Car Garage: 13
HOA: No
Pool: Yes
Farm: Yes
Bedrooms: 3
Full Baths: 4
Total Baths: 4
Apx SqFt: 15025
Apx Year Built: 1930
Tax and Legal
Asmnt - Total: 4023500
Deed Restricted: Yes
Taxes: 64939
Tax Year: 2025
Farm Assessed: Yes
Style
Carriage House: 1
Historic: 1
Mother/Daughter: 1
Zoning
Agricultural: 1
Residential: 1
Lot Description
Back to Woods: 1
Cul-De-Sac: 1
Fenced Area: 1
Wetlands: 1
Water/Sewer
Public Water: 1
Septic Tank: 1
Floors
Wood: 1
Basement
Slab: 1
Cooling
Multi Units: 1
Zoned: 1
Water Heater
Other - See Remarks: 1
Out Buildings
Horse Barn: 1
Paddocks: 1
Heating
See Remarks: 1
Exterior
Fence: 1
Tennis Court(s): 1
Owner
Trust: 1
Parking
Circular Driveway: 1
Common: 1
Driveway: 1
Oversized: 1
Garage
Detached: 1
Assessment Status
Assessed: 1
Siding
Stucco - Cement: 1
Wood: 1
Roof
Shingle: 1
Other: 1
Pool
Common: 1
Fenced: 1
In Ground: 1
Property Features
Style: Carriage House; Historic; Mother/Daughter
Basement: Slab
Floors: Wood
Cooling: Multi Units; Zoned
Heating: See Remarks
Water Heater: Other - See Remarks
Exterior: Fence; Tennis Court(s)
Garage: Detached
Siding: Stucco - Cement; Wood
Roof: Shingle; Other
Parking: Circular Driveway; Common; Driveway; Oversized
Pool: Common; Fenced; In Ground
Out Buildings: Horse Barn; Paddocks
Zoning: Agricultural; Residential
Lot Description: Back to Woods; Cul-De-Sac; Fenced Area; Wetlands
Assessment Status: Assessed
Owner: Trust
Listing Office:
Heritage House Sotheby's International Realty
Listing Agent:
Kelly Zaccaro
Last Updated: May - 17 - 2026
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