Unprecedented Lake-Front Development Opportunity

Unprecedented Lake-Front Development Opportunity
601 Prospect Avenue, Princeton, New Jersey 08540 United States

$12,000,000
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Callaway Henderson Sotheby's International Realty

  • Broker Associate
4 Nassau Street
Princeton, New Jersey 08542 United States
$12,000,000
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Annual taxes :
$75,120
2
Full Baths
3
Partial Baths
18.47 Acres
Exterior
Single Family Home
78QJ7K
Web Id
1005948467
MLS ID
Princeton Public Schools
School District

About 601 Prospect Avenue

Rare in size, beauty and location. Development opportunities such as this are vanishing fast! An 18.47-acre stretch of Riverside-area land culminates at Lake Carnegie, while Prospect Avenue defines the length of the parcel. Groves of stately trees, rolling lawns and glorious water views define the landscape, which also includes a stone manor house from a grand era. For decades, the Textile Research Institute has fastidiously maintained the three-level building, which is as strong as a fortress and as inviting as an English country villa. With accommodation for offices and seminars, the house still boasts elements of grandeur, such as a paneled library with secret bookcase passage, a vaulted trestle ceiling and multiple French doors opening to a broad stone terrace overlooking the lake. Could this become Princeton's preeminent luxury condo building surrounded by green common spaces shared with newly-built homes of distinction? Perhaps start fresh to optimize lake frontage? Half-acre lots are permissible with R-5 zoning. Thus, options abound!

features

lot description
Lake, Lake On Lot

Property Feature

Age
Over 50 Years Old

Lot Feature

Location
Waterfront
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Unprecedented Lake-Front Development Opportunity, Princeton, New Jersey 08540 United States is a Single Family Home. This Single Family Home has 0 bedrooms,2 FullBaths, 3 Partial Baths, and is available for $12,000,000.