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601 Prospect Avenue
Princeton, New Jersey NJ 08540
Price: $12,000,000
Listing ID 1005948467
Bedrooms 2
Full Baths 3
Total Baths 5
Partial Baths 2
SqFt 10,000
Year Built 1914

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.

Primary Features

County: Mercer
Half Baths: 2
Price/SqFt: 1200
Property Sub Type: Detached
Property Type: Residential
Subdivision: RIVERSIDE
Year Built: 1914
Zoning: R-5


Above Grade Finished Area Units: Square Feet
Above Grade Finished SqFt Source: Estimated
Basement: yes
Basement Type: Full
Bathrooms Count Lower Level 1: 1
Bathrooms Count Main Level: 1
Bathrooms Count Upper Level 1: 2
Bathrooms Count Upper Level 2: 1
Bathrooms Full Upper Level 1: 2
Bathrooms Full Upper Level 2: 1
Bathrooms Half Lower Level 1: 1
Bathrooms Half Main Level: 1
Bedrooms Count Upper Level 1: 1
Bedrooms Count Upper Level 2: 1
Central Air: yes
Cooling Type: Central A/C, Wall Unit
Fireplace: yes
Fireplace Features: Non-Functioning
Fireplaces Count: 1
Flooring Type: Tile/Brick
Heating: yes
Heating Type: Radiator
Laundry Type: Basement
Levels Count: 3
Living Area SqFt Source: Estimated
Room Count: 18
Room List: Living Room, Primary Bedroom, Kitchen, Other, Attic
Total SqFt: 10000
Total SqFt Source: Estimated
Wall & Ceiling Types: 9'+ Ceilings


Architectural Style: Traditional
Construction Materials: Stone, Other
Cooling Fuel: Electric
Entry Location: Foyer
Garage: no
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Lot Size Dimensions: 18.47 ACRES
Navigable Water: yes
New Construction: no
Other Structures: Above Grade
Outdoor Living Structures: Patio(s)
Pool: No Pool
Roof: Pitched
Sewer Septic: Public Sewer
Type of Parking: Parking Lot
Water Access: yes
Water Body Name: Carnegie Lake
Water Body Type: Lake
Water Oriented: yes
Water Source: Public
Water View: no


Condo/Co-op Association: no
Country: US
Elementary School: RIVERSIDE
High School: PRINCETON
HOA: no
Location Type: Lake
Middle Or Junior School: J WITHERSPOON
MLS Area: Princeton (21114)
Municipality: PRINCETON
Senior Community: no
Waterfront: yes


Accessibility Features: None
Days on Market: 365
Kick-Out Clause: no
Story List: Lower 1, Main, Upper 1, Upper 2
Year Built Source: Estimated


Automatically Update Tax Values: yes
Contingency Type: Feasibility Study, Zoning Approval, Document Review
Ownership Interest: Other
Possession: Negotiable
Sale Type: Standard
Tax Annual Amount: 75120
Tax Assessed Value: 6287100
Tax Data Updated: no
Tax Lot: 00002-00004
Tax Year: 2017
Vacation Rental: no

Zoning Info

Listing courtesy of Callaway Henderson Sotheby's Int'l-Princeton 6099155000

© 2023 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Callaway Henderson Sotheby's Int'l-Princeton. Data last updated on Thursday, September 21st, 2023 10:27:26 AM.

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