40 Independence Rd Red Bank, NJ 07701
New Monmouth NeighborhoodEstimated payment $58,482/month
Highlights
- In Ground Pool
- Fireplace
- 13 Car Garage
- 20.47 Acre Lot
- Zoned Heating and Cooling System
About This Home
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, 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 Agent
Heritage House Sotheby's International Realty License #9232609 Listed on: 03/24/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $64,939
Year Built
- Built in 1932
Parking
- 13 Car Garage
Home Design
- Stucco Exterior
Interior Spaces
- Fireplace
- Basement Fills Entire Space Under The House
Schools
- Fairview Elementary School
- Bayshore Middle School
- Middle North High School
Utilities
- Zoned Heating and Cooling System
- Septic Tank
Additional Features
- In Ground Pool
- 20.47 Acre Lot
Community Details
- Community Pool
Listing and Financial Details
- Assessor Parcel Number 32-00882-0000-00008
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $64,939 | $4,079,500 | $1,771,000 | $2,308,500 |
| 2025 | $64,939 | $4,023,500 | $1,736,000 | $2,287,500 |
| 2024 | $48,723 | $2,994,000 | $1,118,000 | $1,876,000 |
| 2023 | $48,723 | $2,803,400 | $1,075,000 | $1,728,400 |
| 2022 | $50,750 | $2,622,000 | $975,000 | $1,647,000 |
| 2021 | $50,750 | $2,439,900 | $975,000 | $1,464,900 |
| 2020 | $51,460 | $2,406,900 | $975,000 | $1,431,900 |
| 2019 | $50,656 | $2,398,500 | $975,000 | $1,423,500 |
| 2018 | $50,539 | $2,332,200 | $975,000 | $1,357,200 |
| 2017 | $48,262 | $2,272,200 | $975,000 | $1,297,200 |
| 2016 | $50,441 | $2,367,000 | $975,000 | $1,392,000 |
| 2015 | $50,459 | $2,362,300 | $975,000 | $1,387,300 |
| 2014 | $49,095 | $2,242,800 | $975,000 | $1,267,800 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/24/2026 03/24/26 | For Sale | $10,000,000 | 0.0% | -- |
| 02/01/2022 02/01/22 | Rented | $4,000 | 0.0% | -- |
| 12/14/2021 12/14/21 | Under Contract | -- | -- | -- |
| 11/17/2021 11/17/21 | For Rent | $4,000 | -95.4% | -- |
| 12/17/2019 12/17/19 | Rented | $86,400 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | -- | None Available |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22607710
APN: 32-00882-0000-00008
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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