6 months on rocket

318 Rte 537, Colts Neck, NJ, 07722

$28,000,000

7 Bedrooms
8 Full Baths, 4 Partial
25,000 SqFt
$1,120/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingAsphalt, Double Wide Drive, Driveway, Heated Garage, Oversized, Storage, Workshop in Garage
Garage7 spaces
Year Built2007
HeatingNatural Gas, Radiant, Forced Air, Zoned
CoolingCentral Air, Zoned
BasementYes
ViewSee Remarks, Other, Trees/Woods
MLS #22417386
Lot Size160.00 Acres
StatusActive

About 318 Rte 537

This world-class 160-acre horse farm and estate dedicated to the breeding, sale, and racing of thoroughbreds is centrally located just one hour from Manhattan. Clad in Jerusalem limestone, the classically inspired main house presents 25,000 square feet of artisan-crafted interior spaces that invite grand-scale living and entertaining. The main level includes a 24-seat formal dining room, gourmet kitchen, lounge and eight-seat bar, great room, and conservatory. A grand staircase connects to three levels of the home, in addition to an elevator that services all four floors. The third floor houses the estate's business office, four generous en-suite bedrooms, and lavish primary suite. A private staircase ascends to the fourth floor, offering two commodious en-suite bedrooms, a sitting room, and a dining area served by a Pullman kitchen. The home's lower level hosts a 3,500-bottle wine cellar and tasting room, a 12-seat movie theater, a game room, and a fitness center. At the rear of the main house is a grand pool and spa, summer kitchen, and fully equipped pool house. Adding to the grandeur are formal gardens, two stocked ponds, and a courtyard with a porte-cochere and six-car garage with staff apartment. The estate's equestrian barn is without parallel. Hand-built by Amish carpenters, the two-story structure is clad in Pennsylvania fieldstone and features 24 oversized stalls, a foaling center, an owner's office, tack room, and barn manager's apartment. Supporting the main barn is a quarantine barn, equipment building, exercise ring, turnouts, fenced pastures, 1.5 miles of roads, and farm operations center with a circa-1890 farmhouse. There is a substantial amount of acreage for use as agricultural land or for the installation of a racetrack, polo field, or a dressage/showjumping stadium. This magnificent property is turnkey ready for continued use as a commercial equestrian operation and private family compound; alternatively, it could be subdivided for further development.

Property Details

Property Features

Property Information:

  • Architectural Style: Custom, Detached
  • Year Built: 2007
  • Stories: 3
  • Living Area: 25,000 SqFt

Listing Office:

  • Office Name: Compass New Jersey, LLC
  • Listing Agent: Thomas Postilio

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Ceramic Tile, Marble, Wood
  • Interior: Attic, Built-Ins, Ceilings - 9Ft+ 1st Flr, Ceilings - 9Ft+ 2nd Flr, Ceilings - Beamed, Dec Molding, Elevator, Fitness, French Doors, Home Theater Equip, Housekeeper Qtrs, In-Law Suite, Security System, Skylight, Wet Bar, Breakfast Bar

Bedroom and Bathroom Information:

  • Partial Bathrooms: 4
  • Full Bathrooms: 8
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • View: See Remarks, Other, Trees/Woods
  • Exterior: Balcony, BBQ, Controlled Access, Deck, Fence, Outbuilding, Patio, Rec Area, Security System, Shed, Sprinkler Under, Terrace, Other, Lighting

Parking Information:

  • Garage Space: 7 spaces
  • Attached Garage: No
  • Parking: Asphalt, Double Wide Drive, Driveway, Heated Garage, Oversized, Storage, Workshop in Garage

Virtual/3D Tour

  • Virtual Tour: 318 Rte 537
Virtual Tour

Lot Features

Lot Information:

  • Lot: Oversized Lot, See Remarks, Other, Wooded
  • Lot Size: 160.00 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Radiant, Forced Air, Zoned
  • Cooling: Central Air, Zoned

Price Information

Listing Price Info

Price Summary:

  • List Price: $28,000,000
  • Price Per SqFt: $1,120/SqFt
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Housing Market Comparison

See how this home compares to others in Colts Neck, NJ.

Med. Sold Price

$1.2M

Med. Price/SqFt

$377

Avg. Days On Market

32

# of Sold Homes

17

318 Rte 537 vs Colts Neck

180 DAYS ON ROCKET

+148 Days

$28,000,000

+$26.8M More

$1,120/SqFt

+$742 More

KEY TAKEAWAY

This property is $26.8M more than the Median Sold Price and $742/SqFt more than other homes in Colts Neck, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MOREMLS (Monmouth Ocean Regional REALTORS®)
  • MLS Number: #22417386

Listing Office:

  • Office Name: Compass New Jersey, LLC
  • Listing Agent: Thomas Postilio

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively 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. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:51:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$139.8K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$84K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4293794
9
/10
  • Conover Road Elementary School

  • 76 Conover Rd

  • 3.02 miles

  • Public District Grades 3-5

school-card-donut-4293795
8
/10
  • Lincroft Elementary School

  • 729 Newman Springs Rd

  • 3.02 miles

  • Public District Grades KG-5

school-card-donut-4293796
5
/10
  • Swimming River School

  • 220 Hance Ave

  • 3.97 miles

  • Public District Grades 4-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $124,107. The most common annual income of people living in Colts Neck, NJ is $200k+. Residents typically live in married, with kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 318 Rte 537

What is the listing price of this property?

The listing price of 318 Rte 537 property is $28,000,000.

What type of property is this?

The property 318 Rte 537 is a house located in Colts Neck, New Jersey, 07722.

Is this property for sale now?

Active Listing: 318 Rte 537 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 318 Rte 537 has 7 bedrooms and 8 full and 4 half bathrooms.

What is the square footage of this property?

The property 318 Rte 537 is 25,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 318 Rte 537 is 2007.
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Rocket HomesNew JerseyMonmouth CountyColts Neck07722318 Rte 537

This home is located at 318 Rte 537 in Colts Neck, NJ and zip code 07722. This 25,000 square foot home, which was built in 2007, sits on a 160.00 acre lot. Features: 7 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since June 20, 2024 and is currently priced at $28,000,000.

In November 2024 more than 7 listings in Colts Neck, NJ were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 9 were sold below. In November 2024 in Colts Neck, NJ there were 21.2% less homes for sale than in October 2024. In November 2024 median list price was $1,200,000 and the average listing age was 32 days.

From Rocket Homes Real Estate and based on county public records data.

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