$12,000,000
2 Beds
3, 2 half Baths
10,000 SqFt
18.47 Acre Lot
804,553 Sqft Lot
Status Active
Property Type Detached
Year Built 1914
Neighborhood Riverside
Days on Website 228

Property Map

$12,000,000 – 601 Prospect Avenue, Princeton, NJ 08540

Street View

Courtesy of Barbara J Blackwell, Callaway Henderson Sotheby’s Int’l-Princeton.

Description

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.

Property Details and Features

Basement

  • Full

Bathrooms

  • 5 total bathrooms
  • 1 bathroom on all lower levels
  • 3 bathrooms on all upper levels
  • 3 full bathrooms
  • 2 half bathrooms
  • 1 half bathroom on main level

Bedrooms

  • 2 bedrooms on upper levels
  • 2 bedrooms

House

  • 10,000 sqft living area
  • 10,000 sqft above grade (finished)
  • Built in 1914
  • Structure Type: Detached
  • Wall & Ceiling Types: 9’+ Ceilings
  • 3+ levels
  • Traditional
  • Stone

Cooling

  • Central Air
  • Electric
  • Central A/C
  • Wall Unit

Fireplaces

  • 1 fireplace
  • Non-Functioning

Floors

  • Tile/Brick

Water

  • Navigable Water
  • Water Access
  • Water Body Name: Carnegie Lake
  • Water Body Type: Lake
  • Water Frontage Length: 700
  • Water Oriented
  • Waterfront Features: Y

Heating

  • Natural Gas
  • Radiator

Interior Features

  • Kitchen – Eat-In

Laundry

  • Basement

Listing

  • 232 days on market
  • $1,200 per sqft

Location

  • County: Mercer
  • Location Type: Lake
  • MLS Area: Princeton (21114)
  • Subdivision: Riverside

Lot

  • 804,553 sqft
  • Lot Size Dimensions: 18.47 ACRES
  • 18.47 acres
  • Open
  • Trees/Wooded
  • Subdivision Possible

Property

  • Other Structures: Above Grade
  • Outdoor Living Structures: Patio(s)

Roof

  • Pitched

Schools

  • School District: PRINCETON REGIONAL SCHOOLS
  • Elementary School: RIVERSIDE
  • Middle School: J WITHERSPOON
  • High School: PRINCETON

Sewer

  • Public Sewer

Taxes

  • Tax Annual Amount: $75,120
  • Tax Year: 2017

Utilities

  • Hot Water: Natural Gas

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