601 Prospect Avenue Princeton, NJ
$ 12,000,000
Property Attributes
  • MLS#1005948591
  • TypeContingent
  • CountyMERCER
  • CityPrinceton
  • AreaPrinceton
  • NeighborhoodRiverside
  • Zip08540
  • StyleOffice
  • Taxes$ 75120
  • Price$ 12,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size18.47 Acres
Listing Provided Courtesy Of:
Callaway Henderson Sotheby's Int'l-Princeton
Data Source:
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
8/5/2018 Listed $12,000,000

General Features

Additional Parcels Y/N Yes
Association Y/N No
Condo/Coop Association Y/N No
Current Use Office, Other
Days on Market 365
Location Type Lake
Lot Size Square Feet 804553.00
MLS Area Princeton (21114)
Municipality PRINCETON
Ownership Fee Simple
Possession Negotiable
Price Per Sq Ft 14.92
Property SubType Land
Property Type Land
School District 300200396175
Sewer Public Sewer
Subdivision Name RIVERSIDE
Tax Annual Amount 75120.0
Tax Lot 00002-00004
Tax Year 2017
Topography Beautiful meadows and copses of woods sloping gently to Carnegie Lake
Utilities Water Available, Natural Gas Available, Electric Available
Vacation Rental Y/N No
View Water, Lake, Scenic Vista, Trees/Woods, Pasture
Water Access Y/N Yes
Water Body Name Carnegie Lake
Zoning R-5
Zoning Description Subject To Zoning

Exterior Features

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
Navigable Water Y/N Yes
Road Frontage Length 1400
Road Responsibility Boro/Township
Road Surface Type Paved
Topography Description Beautiful meadows and copses of woods sloping gently to Carnegie Lake
Water Body Type Lake
Water Oriented Y/N Yes
Water Source Public
Water View Y/N Yes
Waterfront Y/N Yes

Room Details

Room Dimensions Level Flooring Details
Primary Bedroom Unspecified


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 08540

AVG $1.04M
AVG $18,974
AVG 92
AVG 27
Data Provided by Walkscore ® not using MLS data

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