Under contract
ACTIVE UNDER CONTRACT
601 Prospect Ave
Princeton NJ, 08540
$12,000,000
$14.92 per sqft
Under contract
ACTIVE UNDER CONTRACT
18.47 Acres
Land
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.
1005948591
MLSⓇ ID
August 1, 2018
Listed
February 21, 2025
Updated
Exterior/Building Features
Lot Size
18.47 Acres
Lot Features
Corner Lot, Waterfront
Sewer
Public Sewer
School Information
School District
PRINCETON REGIONAL SCHOOLS
Other Property Details
Area Name
PRINCETON
Taxes
$75,120
Tax Frequency
Annually
Days on Market
365
Garage
No
View
Yes
View Description
Water, Lake, Trees/Woods, Pasture
County
MERCER
Water Source
Public
Pool
No
Waterfront
Yes
Waterfront Features
Lake
Utilities
Natural Gas Available
Zoning
Subject To Zoning
Listed by Callaway Henderson Sotheby's Int'l-Princeton
Listing Contact: 6099155000
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Data last updated on 2/21/2025 at 1:03 AM UTC