601 Prospect Avenue Princeton, NJ
$ 12,000,000
Property Attributes
  • MLS#1005948591
  • TypeLand
  • CountyMERCER
  • CityPrinceton
  • AreaPrinceton
  • NeighborhoodRIVERSIDE
  • Zip08540
  • StyleOffice
  • Taxes75120
  • Price$ 12,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size18.47 Acres
Listing Provided Courtesy Of:
Callaway Henderson Sotheby's Int'l-Princeton
Property 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.

Price History
8/4/2018 Listed $12,000,000

General Features

Condo/Coop Association Y/N No
County/Parish MERCER
Current Use Office, Other
MLS Area Princeton (21114)
Ownership Fee Simple
Price Per Sq Ft 14.92
Property SubType Land
Property Type Land
Tax Year 2017
Vacation Rental Y/N No
Zoning R-5
Zoning Description Subject To Zoning

Interior Features

Utilities Water Available, Natural Gas Available, Electric Available

Exterior Features

Possession Negotiable
Frontage Length 700
Lot Dimensions 18.47 ACRES, LotWidth:1400
Lot Features Subdivision Possible, Corner, Partly Wooded, Road Frontage, Premium
Lot Size Acres 18.47
Lot Size Source Assessor
Lot Size Square Feet 804553.00
Navigable Water Y/N Yes
Road Frontage Length 1400
Road Surface Type Paved
Roadresponsibility Boro/Township
Sewer Public Sewer
Topography Beautiful meadows and copses of woods sloping gently to Carnegie Lake
Topography Description Beautiful meadows and copses of woods sloping gently to Carnegie Lake
View Water, Lake, Scenic Vista, Trees/Woods, Pasture
Water Access Y/N Yes
Water Body Name Carnegie Lake
Water Body Type Lake
Water Oriented Y/N Yes
Water Source Public
Water View Y/N Yes
Waterfront Y/N Yes


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 08540

AVG $1.3M
AVG $13,801
AVG 31
AVG 22
Data Provided by Walkscore ® not using MLS data

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