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

November 22, 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 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor The Gerine Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 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. All listings displayed pursuant to IDX shall show the MLS as the source of the information.

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