296 County 537, Colts Neck, 07722

Single Family - Detached For Sale in Rancho Polo

$4,249,900

4Beds
3.1Baths
4,000Sqft
96.37Acres
3Garages
Built
MLS® #: 21326854
Active

''Colonial Farms'' is an established Thoroughbred Breeding and Boarding Horse Farm that has greatly contributed to the NJ racing industry. The property is a turn key 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 this 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 the original residence on the property, allowing for the creation of an estate or family compound. Distance Colonial Farms is Located 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 20 Miles from Rutgers University 10 Miles from Monmouth University

Price & Status History

Date Details
Price Reduced from $4,349,900 to $4,249,900
Price Reduced from $4,499,900 to $4,349,900
Price Reduced from $4,749,900 to $4,499,900
Price Increased from $4,124,900 to $4,749,900
Price Reduced from $4,249,900 to $4,124,900
Show More (12)

Essential Information

MLS® #: 21326854
Price: $4,249,900
Bedrooms: 4
Bathrooms: 3.10
Full Baths: 3
Half Baths: 1
Square Footage: 4,000
Acres: 96.37
Type: Single Family
Sub-Type: Detached
Style: Colonial
Status: Active
Zoning: Residential, Agricultural, Single Family

Community Information

Address: 296 County 537
Area: Colts Neck
Subdivision: Rancho Polo
City: Colts Neck
County: Monmouth
State: NJ
Zip Code: 07722

Amenities

Features: Dishwasher, Garage Door Opener, Outdoor Lighting, Refrigerator, Stove, Timer Thermostat, AC Units, Water Softener
Parking: Driveway, Oversized Drive
Garage Spaces: 3
Garages: Attached
Is Waterview: No

Interior

Interior Features: Attic, Ceilings - 9Ft+ 1st Flr, Dec Molding, Center Hall
Heating: HWBB
Cooling: AC Units
Fireplace: Yes
# of Fireplaces: 1
# of Stories: 2

Exterior

Exterior: Vinyl, Brick
Exterior Features: Fence, Outdoor Lighting
Lot Description: Fenced Area, Level, Treed Lots, Wooded
Roof: Shingled

School Information

Elementary: Conover Road
Middle: Cedar Drive
High: Colts Neck

Listing Details

Listing Agent: Claude Ranieri
Listing Office: American Realty Associates

Financials

$/SqFt: $1,062

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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth County Association of REALTORS®, and is updated as of October 19th, 2018 at 9:05pm EDT (date/time). 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.