Horse Equestrian Estate with Multiple
For Sale
$10,000,000
40 Independence Road, Red Bank, NJ 07701
MULTI_FAMILY - Red Bank, NJ
Property SizeContact for details
Lot Size20.47 Acres
Days on Market141
Property Features for 40 Independence Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential, Agricultural
Bedrooms
16
Bathrooms
12
Full bathrooms
10
Half bathrooms
2
Rooms
Bedroom 15, Bathroom 2, Bedroom 12, Bathroom 10, Bathroom 1, Bedroom 13, Bedroom 14, Bedroom 8, Bedroom 3, Bedroom 2, Bathroom 4, Bedroom 1, Bedroom 5, Bathroom 12, Bathroom 11, Bedroom 10, Bathroom 9, Bathroom 8, Bathroom 7, Bedroom 16, Bedroom 11, Bathroom 5, Bedroom 7, Bedroom 9, Bathroom 3, Bedroom 6, Bedroom 4, Basement, Bathroom 6
Parking features
Oversize
Fireplace
1
Basement
Full
Elementary school
Fairview
Middle school
Bayshore
High school
Middle North
Directions
Cooper Rd to Hillandale to Independence or Chapel Hill Rd to Independence
Subdivision
Locust
Standard status
Active
APN
32-00882-0000-00008
Lot size
20.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
64939
Utilities
Sewer type
Septic Tank
Heating system
Zoned
Cooling system
Central Air
Water source
Public
Building Details
Year built
1932
Number of units
1
Building materials
Stucco
Listing Agency:
Heritage House Sotheby's International Realty
(732) 842-8100
Listed By:
Kelly Zaccaro
(732) 842-8100
Added: Mar 23
Changed: Aug 7
Last Checked: Aug 10 at 3:06PM
MLS# 22607710
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Set on a 20.47-acre estate, this Red Bank property includes a 15-acre parcel and two 2.5-acre lots with the ability to be sold separately. One of the smaller lots is already improved with a cottage.
The estate is served by Chapel Hill Rd access and features five residences, along with a clock tower, stone courtyards, and Ludowici tile roofs. Exterior details include granite hitching posts and original stone fountains. The property also includes a small barn with paddocks for horses.
Built in 1932 with stucco construction, the residences are heated with zoned heating and cooled with central air. Water is public, and sewer service is provided by a septic tank. Additional onsite parking is listed as oversize.
The estate is served by Chapel Hill Rd access and features five residences, along with a clock tower, stone courtyards, and Ludowici tile roofs. Exterior details include granite hitching posts and original stone fountains. The property also includes a small barn with paddocks for horses.
Built in 1932 with stucco construction, the residences are heated with zoned heating and cooled with central air. Water is public, and sewer service is provided by a septic tank. Additional onsite parking is listed as oversize.
Key Highlights
- 20.47‑acre estate with a 15‑acre parcel plus two 2.5‑acre lots sold separately
- Chapel Hill Rd access
- Five residences plus a cottage on one 2.5‑acre lot
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Explore this area
Business Placement
Demographics for 07701, NJ
24,568
Population
11,082
Households
2.2
Avg Household Size
43
Median Age
53%
College-Educated
93%
High-School Grad
9.2 sq mi
ZIP Area
2,670
Density / Sq Mi
$113,630
Median Household Income
$62,309
Median Earnings
$1,971
Median Rent
$551,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Horse & equestrian property - Equestrian estate with five residences, Chapel Hill Rd access, central air, and public water with septic service.
Where is this horse & equestrian property located?
The property is located at 40 Independence Road Red Bank, NJ.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: 20.47‑acre estate with a 15‑acre parcel plus two 2.5‑acre lots sold separately; Chapel Hill Rd access; Five residences plus a cottage on one 2.5‑acre lot
