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.

Features
: Radiator
: Central a/c, Wall unit
: Non-functioning
: Pitched
N
: Full
: Stone, Other
: Tile/brick
: Kitchen - Eat-in
N
: Traditional
: Electric
: Natural gas
: Natural gas
: Lower 1, Main, Upper 1, Upper 2
: Open, Trees/wooded, Subdivision Possible
N
Address Map
Nassau St to Princeton-Kingston Road to second Riverside Drive to corner of Prospect Avenue and Riverside Drive
MLS Addon
Annually
Annually
RIVERSIDE
PRINCETON
J WITHERSPOON
PRINCETON REGIONAL SCHOOLS
10,000 Sqft
3
: Detached
10,000 Sqft
$75,120
2017
R-5
Carnegie Lake
: Public Sewer
: Public
N
$0

Residential For Sale

601 PROSPECT AVENUE, PRINCETON, New Jersey 08540

2 Bedrooms
3 Bathrooms
10,000 Sqft
$12,000,000
Listing ID #1005948467
Basic Details
Property Type : Residential
Status : ACTIVE UNDER CONTRACT
Listing ID : 1005948467
Price : $12,000,000
Bedrooms : 2
Rooms : 18
Bathrooms : 3
Half Bathrooms : 2
Sqft : 10,000 Sqft
Year Built : 1914
Subdivision Name : RIVERSIDE
Price Per SQFT : $1,200
Lot SQFT : 0 Sqft
Ownership Interest : Other
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