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MLS# 1005948467 – 601 Prospect Avenue, Princeton, NJ 08540

Price: $12,000,000
Beds: 2
Baths: 3 full, 2 half
Living Area SqFt: 10,000
Status: Active Under Contract
Property Type: Single Family Residential
Year Built: 1914
Neighborhood: Riverside
Days on Website: 2063

Courtesy of Barbara J Blackwell, 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.

Open House

Property Details and Features

  • Fireplaces
  • 1 fireplace
  • Non-Functioning
  • Basement
  • Full
  • Bathrooms
  • 5 total bathrooms
  • 1 bathroom on all lower levels
  • 3 bathrooms on all upper levels
  • 3 full bathrooms
  • 2 half bathrooms
  • 1 half bathroom on main level
  • Bedrooms
  • 2 bedrooms on upper levels
  • 2 bedrooms
  • Building
  • 10,000 sqft living area
  • 10,000 sqft above grade (finished)
  • Built in 1914
  • Structure Type: Detached
  • Wall & Ceiling Types: 9’+ Ceilings
  • 3 levels
  • Traditional
  • Stone
  • Cooling
  • Central Air
  • Electric
  • Central A/C
  • Wall Unit
  • Floors
  • Tile/Brick
  • Water Features
  • Navigable Water
  • Water Access
  • Water Body Name: Carnegie Lake
  • Water Body Type: Lake
  • Water Oriented
  • Waterfront Features: Y
  • Heating
  • Natural Gas
  • Radiator
  • Interior Features
  • Kitchen – Eat-In
  • Laundry
  • Basement
  • Listing
  • 365 days on market
  • $1,200 per sqft
  • Property Sub Type: Single Family Residential
  • Location
  • Municipality: PRINCETON
  • County: Mercer
  • Location Type: Lake
  • MLS Area: Princeton (21114)
  • Subdivision: Riverside
  • Lot
  • Lot Size Dimensions: 18.47 ACRES
  • Open
  • Trees/Wooded
  • Subdivision Possible
  • Property
  • Other Structures: Above Grade
  • Outdoor Living Structures: Patio(s)
  • Roof
  • Pitched
  • Schools
  • School District: PRINCETON REGIONAL SCHOOLS
  • Elementary School: RIVERSIDE
  • Middle School: J WITHERSPOON
  • High School: PRINCETON
  • Sewer
  • Public Sewer
  • Taxes
  • Tax Annual Amount: $75,120
  • Tax Year: 2017
  • Utilities
  • Hot Water: Natural Gas

Property Map

$12,000,000 – 601 Prospect Avenue, Princeton, NJ 08540

Street View

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This content last updated on March 28, 2024 6:05AM.