601 Prospect Ave, PRINCETON, NJ

$12,000,000

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18.47

Acres

About 601 Prospect Ave

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.

Features of 601 Prospect Ave

MLS® # 1005948591
Price $12,000,000
Bathrooms 0.00
Acres 18.47
Type Land
Sub-Type Land
Status Active Under Contract

Community Information

Address 601 Prospect Ave
Area Princeton (21114)
Subdivision RIVERSIDE
City PRINCETON
County MERCER-NJ
State NJ
Municipality PRINCETON
Zip Code 08540

Amenities

Utilities Water Available, Natural Gas Available, Electric Available
View Lake, Scenic Vista, Pasture, Trees/Woods, Water
Is Waterfront Yes
Waterfront Lake

Interior

Has Basement No
Fireplace No

Exterior

Lot Description Subdivision Possible, Corner Lot, Lot Premium, Road Frontage, Partly Wooded

School Information

District PRINCETON REGIONAL SCHOOLS

Additional Information

Date Listed August 1st, 2018
Days on Market 365
Zoning R-5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCallaway Henderson Sotheby's Int'l-Princeton
Contact Info6099211050

Listing Map

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