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For sale
  • Price cut: $196K (8/6)
    $2,799,000

    249 Terrace Rd, Franklin Lakes, NJ 07417

    5beds
    --sqft
    : 
    $18,720/mo
    Get pre-qualified
    Single Family Residence
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    8 days
    |
    1,855
    |
    72
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tony Nabhan 201-998-8393,

    Keller Williams City Views Realty

    Source: NJMLS,MLS#: 26029671MLS Logo

      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
      • Has view: Yes
      • 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: $7,662
      • 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

        DateEventPrice
        8/6/2026Price change$2,799,000-6.5%
        Source: NJMLS #26029671 Report a problem
        7/13/2026Listed for sale$2,995,000-6.3%
        Source: NJMLS #26026229 Report a problem
        7/13/2026Listing removed$3,195,000
        Source: NJMLS #26021377 Report a problem
        6/11/2026Listed for sale$3,195,000-8.7%
        Source: NJMLS #26021377 Report a problem
        4/29/2026Listing removed$3,499,000
        Source: NJMLS #26012363 Report a problem
        4/11/2026Listed for sale$3,499,000
        Source: NJMLS #26012363 Report a problem
        7/26/2025Listing removed$3,499,000
        Source: NJMLS #25009300 Report a problem
        6/23/2025Price change$3,499,000-7.9%
        Source: NJMLS #25009300 Report a problem
        3/24/2025Listed for sale$3,799,000+484.5%
        Source: NJMLS #25009300 Report a problem
        1/18/2024Sold$650,000
        Source: Public Record Report a problem
        11/14/2023Sold$650,000-7%
        Source: NJMLS #23009553 Report a problem
        4/27/2023Pending sale$699,000
        Source: NJMLS #23009553 Report a problem
        4/4/2023Listed for sale$699,000
        Source: NJMLS #23009553 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,662 $426,600
        2024$7,662 $426,600
        2023-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 07417

        Getting around

        11 / 100
        Car-Dependent
        18 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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