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.
Single-familyProperty Type
1930Year Built
20.14 acresLot Size
$666Price/Sq.Ft.
13 car garageParking
Listed by Serving Monmouth County as a trusted advisor since 1999 Zaccaro• Heritage House Sotheby's International Realty
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.
MOMLS #22607710
Mar 23, 2026
Listed
$10,000,000
$666/sq ft
+50
Year
Property tax
Land + Additions
Assessment*
2025
$64,939 (+31.9%)
$1,771,000 + $2,308,500
$4,079,500
2024
$49,251
$1,736,000 + $2,287,500
$4,023,500
Public record
Beds
5
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
5 Acres
Year renovated
—
Finished Sq. Ft.
2,726
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,726
Year built
1930
Style
Ranch
County
Monmouth County
APN
3200882 00008
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 16, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 96° expected this year, 16 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Red Bank, NJ • 07701
Average low and high temperatures (°F)
36
24
40
27
56
38
64
46
71
55
82
65
87
70
80
64
76
63
67
51
56
42
42
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
80/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 40 Independence Rd
$8,981,773
$1.0M under list price of $10.0M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $760K to $3.3M.