601 PROSPECT AVE $12,000,000

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    601 PROSPECT AVE PRINCETON, NJ 08540

    ACTIVE UNDER CONTRACT
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    • 18.47 Acres
    • Land
    • MLS# 1005948591
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    Views: 1184 Days On Market: 669

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    Property Details

    This is one of Princeton's most beautiful remaining tracts of land offering spectacular views of and access to Lake Carnegie in the coveted Riverside section. Originally a private residence, this gracious stone-sheathed manor home was built in 1914. When the non-profit research firm, Textile Research Institute, sought expansion and closer collaboration with universities after World War II, it purchased this estate in Princeton, a town which was attracting many new research and development companies. TRI-Princeton preserved the stately residence creating within its walls meeting rooms and offices, and the institution has remained a responsible caretaker for this beautiful estate for the past 70 years. The estate's land, originally including more acreage, now encompasses 18.47 acres featuring groves of specimen trees, broad expansive lawns, and a gentle slope to Lake Carnegie. The property is zoned R-5, which allows for the creation of 1/2 acre lots and is easily accessible with broad frontage on both Riverside Drive and Prospect Avenue. The stone manor house can be re-purposed once again or removed depending on the vision of the purchaser. The possibilities are limitless.

    • General Features
      • Condo Coop Association Y/N N
      • County MERCER
      • HOA Y/N N
      • New Construction Y/N N
      • Sale Type Standard
      • Tax Annual Amount 75120.00
      • Tax Year 2017
      • Utilities Water Available,Natural Gas Available,Electric Available
      • View Water, Scenic Vista, Trees/Woods, Pasture
      • Water Access Y/N Y
      • Water Body Name Carnegie Lake
      • Water Body Type Lake
      • Waterfront Y/N Y
      • Zoning 5
      • Zoning Dscrp Subject To Zoning
    • Building Features
      • Current Use Office, Other
      • Garage Y/N N
      • Sewer Septic Public Sewer
      • Total Garage And Parking Spaces 0
    • Room Features
      • Room Master Bedroom
      • Level Unspecified
    • Property Features
      • Lot Features Subdivision Possible, Corner, Partly Wooded, Premium
      • Lot Size Acres 18.47
      • Lot Size Dimensions 18.47 ACRES, LotWidth:1400
    • Schools
      • School District PRINCETON REGIONAL SCHOOLS

    Contact

    The Miller Real Estate Group

    The Miller Real Estate Group

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    BHHS Fox & Roach Bryn Mawr

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    • HSA Home Warranty

    Neighborhood

    Market Last 30 Days In This Postal Code

    $600,000 Median Sales Price
    43 Homes Sold
    92 New On Market

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        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $12,000,000
        8/4/2018 9:42:00 AM New in Database Source

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.