Cobble Close Farm
Home on the exclusive Cobble Close Farm for sale at $1.59 million
310 Cooper Road, Red Bank NJ 07701
Red Bank, NJ, May 28, 2015 – One of only four exclusive homes at Cobble Close Farm, an architectural French masterpiece, is on the market for $1.59 million. This 4 bedroom, 3 bath home features a 50-ft long living room, 3 private walled-in gardens, wine cellar, 14-ft ceiling library/family room, finished basement.
About Cobble Close. Built by the Straus family who founded Macy’s, this estate sits on 13 old-growth acres and was built with materials transported from Europe or cast directly on the property by old-world artisans and masons brought here from Europe in the 1920’s.
Once a working “gentleman’s dairy estate”, Cobble Close comprises a number of buildings totaling 29,000 sq. ft. that originally included an orangerie, worker’s dormitory, dining hall, care taker’s house, stables, cow barn and bull pen. In the ‘60’s, the estate was turned into a 4-owner co-op.
The buyer will have almost one-fourth ownership of Cobble Close which affords access to the pool, cabanas w/bar, BBQ and game room as well as the beautiful grounds which are dotted with neo-classical statues, fountains and a livestock filled pasture.
Sought-after property. Last year, the four owners decided to sell Cobble Close in its entirety for $10.9 million. However, 6-weeks ago, an owner who has lived at the estate for over 65 years changed his mind and decide to stay. This is not surprising because properties at Cobble Close seldom come on the market because owners almost never leave, until now.
“This is only time in over 60 years that someone sold a home here without a death in the household. People just don’t leave unless they are carried out. We are the first.” said Mr. Mindham. He added that they get constant inquires about properties at Cobble Close which just don’t come up that often. The Mindham family moved to Cobble Close in 1994 upon the death of the previous owner. Before that, the last home sold was in the early 1970’s.
Low cost upkeep: $11,000 annual property taxes (for this home alone). Cobble Close is “farm assessed” has among the lowest property taxes in the area. By comparison, the home directly across the street, which sits on less than 3 acres, pays almost $40,000 annually in property tax.
“Because we spilt the maintenance and upkeep costs four-ways, it’s quite affordable to maintain. Couple that with the per-owner property tax and it’s much less than one would pay for a typical single family home at this price.” said Mindham
Once a home of the stars, European nobility and now the backdrop for TV and fashion. Cobble Close has been featured in many movies, TV commercials and fashion layouts including Vogue, Victoria’s Secret and Brooks Brothers. In the 1950’s a European Countess and World War II spy, Stephanie Julianne von Hoenlohe live at Cobble Close. The actress Nadia Grey whose 15-minutes of fame was her iconic coffee table dance in Fellini’s classic “La Dolce Vita” once owned the Mindham’s home.
A commuters dream to NYC. A fast commuter ferry whisks people to Manhattan in just 35-minutes. The train station, less than a 5-minute drive, runs every 30-minutes during commute time and drive-time to NYC 45-to-50-minutes.