249 Terrace Road, Franklin Lakes, NJ, 07417 — Photo 11 / 22
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$3,195,000

249 Terrace Road, Franklin Lakes, NJ, 07417

MLS# 26021377

Active138d on market

5

Bedrooms

5

Bathrooms

1

Half Baths

1.1 acres (47,916 sqft)

Lot Size

Residential — Colonial

Property Type

Description

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.

Tax & Financial Information

Annual Property Taxes$7,662 (NJ Public Records)
Tax Assessment$426,600
Land Assessment$426,600
ListedJune 11, 2026

Property Features

Interior

  • ✓Heating: Gas,Hot Air,Multi-Zone
  • ✓Cooling: Central Air
  • ✓Basement: Finished

Exterior & Lot

  • ✓Parking: Attached

Listing Information

Listing Office: Keller Williams City Views Realty — 201-592-8900

Listing Agent: Tony Nabhan — 201-998-8393 — tonynabhan@kw.com

Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 6/12/2026.

Total Monthly Cost

$21,211/mo

NJ has the highest property taxes in the US. This is your real cost.

Mortgage (30yr, 6.75%)$16,578
Property Taxes$638
Homeowner Insurance$1,331
Est. Maintenance$2,663
Total$21,211

Down: $639,000 | Loan: $2,556,000

Estimates for informational purposes only. Insurance, maintenance, and flood costs are approximations. Consult a lender and insurance agent for accurate quotes.

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