Sold
Closed
296 County 537 Road
Colts Neck NJ, 07722
$3,500,000
$875.00 per sqft
Sold
Closed
4 Beds
4 Baths
4,000 sqft
Residential
''Colonial Farms'' is an established Thoroughbred Breeding and Boarding Horse Farm that has greatly contributed to the NJ racing industry. The property is a turnkey operation as a horse farm, or gentleman's estate. It is centrally located in Prestigious Colts Neck Township. The property boasts a main residence with 4 bedrooms with 3.5 baths, two 4 bedroom private homes, office, barns, paddocks, and storage buildings. The farm is comprised of the following: 96 +/- Acres, 75 Acres of Fenced Paddocks comprising a total of 15 paddocks, 87 stalls, 3 large barns, Office, Breeding Barn/Shed, Hay Barn, 5 wooded acres. The farm can easily accommodate a change in use from Horse Breeding to Agricultural use. Please note, the farm is the remainder of the development known as ''Rancho Polo'' Please note** Two other adjacent farms have recently sold last year that are not in the MLS. (#1) 45.5 acres +/- Auctioned for $2,750,000 at $61,000 per acre./ (#2) 50 +/- Acre Farm sold for $5,000,000 at $100,000 per acre. Subject property is priced at $50,000 per Acre. This is the largest parcel in Colts Neck currently for sale at a fair market price!
"Rancho Polo" is a community of 21 Individual Custom Built Homes ranging from $2,000,000 to $4,000,000!
The property can easily accommodate the construction of a new main residence by tearing down the original residence on the property, allowing for the creation of an estate or family compound.
Colonial Farms is Located the following Distance from the following Tracks:
10 Miles From Monmouth Park
15 Miles From The Meadowlands
25 Miles From Parx - (Philadelphia Track)
45 - 55 Miles From Aqueduct/Belmont
45-50 Miles From NYC
15 Miles to Jersey Shore
20 Miles from Princeton University
2 Miles from Monmouth University
10 Miles from Rutgers University
21932251
MLSⓇ ID
August 6, 2019
Listed
October 1, 2024
Updated
Map
296 County 537 Road
Colts Neck NJ, 07722
Interior Features
Total Stories
2
Bedrooms
4
Total Bathrooms
4
Full Bathrooms
3
Half Bathrooms
1
Interior Features
Attic, Ceilings - 9 Ft 1 st Flr, Center Hall, Dec Molding
Floor Description
Ceramic Tile, Linoleum/Vinyl, Wood
Fireplace
Yes
Cooling
Yes
Cooling Description
Multi Units, Central Air
Heating
Yes
Heating Description
Natural Gas, HWBB
Exterior/Building Features
Lot Size
96.37 Acres
Exterior Features
Fence, Fence - Electric, Outdoor Lighting, Porch - Enclosed, Lighting
Lot Features
Fenced Area, Level, Oversized, Treed Lots, Wooded
Architectual Style
Farm House, Mother/Daughter, Cape, Colonial, 2 Story
Roof
Shingle
Sewer
Septic Tank
School Information
High School
Colts Neck
Elementary School
Conover Road
Other Property Details
Area Name
Scobeyville
Taxes
$23,131
Tax Frequency
Annually
Days on Market
920
Garage
Yes
Garage Spaces
3
Parking
Gravel, Driveway, Direct Access
View
No
County
Monmouth
Water Source
Well
Pool
No
Courtesy of American Realty Associates with Claude Ranieri, Matthew Ranieri
Listing Contact: 732-946-2200
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Data last updated 6:56 PM UTC, 10/1/2024