An exceptional opportunity to own a newly constructed luxury estate on a private one-acre homesite in one of Franklin Lakes' most desirable locations. This residence blends timeless architecture with modern design. A dramatic two-story foyer introduces light-filled interiors. The spectacular two-story great room serves as the centerpiece of the home, creating an impressive setting for everyday living and entertaining. Formal living and dining rooms provide elegant gathering spaces, while a private study offers flexibility as a home office or guest suite. The designer kitchen is positioned at the heart of the home, with an open-concept layout flowing seamlessly into the surrounding living areas. A first-floor laundry room and planned residential elevator add convenience. The second level is highlighted by a luxurious primary suite with expansive closet space and a spa-inspired bath. Additional accommodations include a private en-suite bedroom and two bedrooms connected by a Jack-and-Jill bath. The expansive lower level offers endless possibilities for recreation, fitness, entertaining, or additional living space. Pool approvals are in place, creating the opportunity for a private outdoor resort-style retreat. Located in one of Bergen County's premier communities, Franklin Lakes is renowned for top-rated schools, beautiful parks, upscale dining, and access to New York City. A rare opportunity to own a brand-new luxury home offering exceptional scale, privacy, and lifestyle.
For sale
Price cut: $196K (8/6)
$2,799,000
249 Terrace Road, Franklin Lakes, NJ 07417
5beds
--sqft
Single Family Residence
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 46 days
- 1,212
- 41
Zillow last checked:
Listing updated:
Listed by:
Tony Nabhan 201-998-8393,
Keller Williams City Views Realty
Source: NJMLS,MLS#: 26029671
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Natural Gas, Forced Air, Zoned
Cooling
- Central Air
Features
- Elevator
- Flooring: Hardwood
- Basement: Finished
- Number of fireplaces: 2
- Fireplace features: 2 Fireplaces, Gas
Property
Parking
- Details: Attached
Features
- Pool features: None
- View description: None
- Waterfront features: None
Lot
- Features: Regular
Details
- Parcel number: 20012070000020000104
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Cement Siding, Stone
Community & HOA
Community
- Features: Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
Location
- Region: Franklin Lakes
Financial & listing details
- Tax assessed value: $426,600
- Annual tax amount: $8,122
- Date on market: 8/6/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Private
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Price change | $2,799,000-6.5% |
Source: | ||
| 7/13/2026 | Listed for sale | $2,995,000-6.3% |
Source: | ||
| 7/13/2026 | Listing removed | $3,195,000 |
Source: | ||
| 6/11/2026 | Listed for sale | $3,195,000-8.7% |
Source: | ||
| 4/29/2026 | Listing removed | $3,499,000 |
Source: | ||
| 4/11/2026 | Listed for sale | $3,499,000 |
Source: | ||
| 7/26/2025 | Listing removed | $3,499,000 |
Source: | ||
| 6/23/2025 | Price change | $3,499,000-7.9% |
Source: | ||
| 3/24/2025 | Listed for sale | $3,799,000+484.5% |
Source: | ||
| 1/18/2024 | Sold | $650,000 |
Source: Public Record Report a problem | ||
| 11/14/2023 | Sold | $650,000-7% |
Source: | ||
| 4/27/2023 | Pending sale | $699,000 |
Source: | ||
| 4/4/2023 | Listed for sale | $699,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $8,122 +6% | $426,600 |
| 2025 | $7,662 | $426,600 |
| 2024 | $7,662 | $426,600 |
| 2023 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment





