296 County 537, Colts Neck, 07722

Land / Lot - Residential For Sale in Rancho Polo


MLS® #: 21333507

''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
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Essential Information

MLS® #: 21333507
Price: $4,249,900
Square Footage: 0.00
Acres: 96.37
Type: Land / Lot
Sub-Type: Residential
Style: Near Parkway Access, Rural, Subdivision, Adj Golf Course, Business District, Near Reservoir, Near Tu
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


Is Waterview: No


Lot Description: Cleared, Level, Wooded, Fenced Area, Major Frontage

School Information

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

Listing Details

Listing Agent: Claude Ranieri
Listing Office: American Realty Associates

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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 17th, 2018 at 8:50am 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.