940 Loch Rd Franklin Lakes, NJ 07417
Estimated payment $19,474/month
Highlights
- Lake Front
- In Ground Pool
- Lake Privileges
- Ramapo High School Rated A
- 271,379 Sq Ft lot
- Views to the East
About This Home
ONCE IN A LIFETIME OPPORTUNITY- A rare offering of more than 6 acres with over 600 feet of pristine lakefront on beautiful Shadow Lake. This remarkable property commands nearly the entire western shoreline of one of the communityâ€TMs two connected lakes, delivering unmatched privacy, breathtaking views, and an unparalleled natural setting. Whether you choose to live in the existing residence or build a brand-new single-family home, the potential for a one-of-a-kind lakefront estate is exceptional. The property comes with approved plans by Plan Architecture, a renowned architectural firm, featuring over 13,000 sq ft custom home/pool house. Additional value is found in multiple improvements to the land, including a brand-new multi sports court—a highly desirable feature rarely available on lakefront acreage of this scale. As part of Shadow Lake Estates, residents also enjoy membership-only access to an exclusive collection of amenities, including a lakefront clubhouse, pool, boating, fishing, tennis, basketball, pickleball, and more. Surrounded by multi-million-dollar lakefront neighbors and set within the thriving community of Franklin Lakes—just 25 miles from Manhattan—this property offers a combination of privacy, exclusivity, and convenience that is nearly impossible to replicate.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $32,196
Lot Details
- 6.23 Acre Lot
- Lake Front
- Cul-De-Sac
Parking
- 3 Car Garage
Property Views
- Views to the East
- Views to the North
Bedrooms and Bathrooms
- 6 Bedrooms
- En-Suite Primary Bedroom
Pool
- In Ground Pool
- Gunite Pool
Schools
- Woodside Ave Elementary School
- Franklin Ave Middle School
- Ramapo/Indian Hills High School
Utilities
- Baseboard Heating
- Heating System Uses Natural Gas
- Radiant Heating System
Additional Features
- Multiple Fireplaces
- Lake Privileges
- Finished Basement
Listing and Financial Details
- Legal Lot and Block 1 / 2602.
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $41,308 | $1,691,000 | $1,259,800 | $431,200 |
| 2024 | $39,790 | $2,300,000 | $1,868,800 | $431,200 |
| 2023 | $38,778 | $2,300,000 | $1,868,800 | $431,200 |
| 2022 | $38,778 | $2,300,000 | $1,868,800 | $431,200 |
| 2021 | $38,226 | $2,300,000 | $1,868,800 | $431,200 |
| 2020 | $37,904 | $2,300,000 | $1,868,800 | $431,200 |
| 2019 | $39,884 | $2,429,000 | $1,868,800 | $560,200 |
| 2018 | $39,471 | $2,429,000 | $1,868,800 | $560,200 |
| 2017 | $39,738 | $2,429,000 | $1,868,800 | $560,200 |
| 2016 | $39,860 | $2,429,000 | $1,868,800 | $560,200 |
| 2015 | $38,840 | $2,429,000 | $1,868,800 | $560,200 |
| 2014 | $38,184 | $2,429,000 | $1,868,800 | $560,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/02/2025 12/02/25 | For Sale | $3,189,000 | +53.7% | -- | |
| 10/15/2024 10/15/24 | Sold | $2,075,000 | -3.5% | $436 / Sq Ft | View Prior Sale |
| 07/20/2024 07/20/24 | Off Market | $2,150,000 | -- | -- | |
| 07/19/2024 07/19/24 | For Sale | $2,150,000 | -- | $452 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $2,075,000 | Westcor Land Title | |
| Deed | $2,075,000 | Westcor Land Title | |
| Deed | $2,075,000 | Westcor Land Title | |
| Deed | -- | -- | |
| Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Executors Deed | -- | None Listed On Document |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,660,000 | New Conventional |
Source: New Jersey MLS
MLS Number: 25041848
APN: 20-02602-08-00001
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.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
© 2025 New Jersey Multiple Listing Service Inc. All rights reserved.
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