$1,999,000
$296K PRICE DROP

24 Michael Way Pennington, NJ 08534

Estimated payment $15,454/month

Total Views 3,036
5 Beds
6.5 Baths
6,978 Sq Ft
$286 Price per Sq Ft

Highlights

  • Pool and Spa
  • Rooftop Deck
  • 9.8 Acre Lot
  • Hopewell Valley Central High School Rated A
  • Eat-In Gourmet Kitchen
  • Dual Staircase

About This Home

On a private drive shared by just three homes, this estate property makes an unforgettable first impression that continues well beyond the front door. This is a home designed for gathering, for celebration, for everyday life to unfold in exquisitely considered spaces. Set on nearly ten acres, it offers a rare combination of openness, privacy and quietude. An expansive pavilion with a full outdoor kitchen and the adjacent pool and hot tub anchor the outdoor experience in the backyard. Substantial in scale and thoughtfully designed, it provides an ideal setting for both large gatherings and relaxed summer afternoons. Inside, three finished levels are thoughtfully connected. The lower level opens directly to the backyard, allowing life to move seamlessly between indoors and out. A full bath, kitchenette, gym, games area, media room and even a ping-pong room create a self-contained space that keeps wet feet off the main living areas above. Upstairs, the kitchen stands as both a centerpiece and a gathering place, with two generous islands, one that seats twelve. Every detail supports both daily living and entertaining to the highest degree, from the dual dishwashers and sinks to the suite of professional-grade appliances, refrigeration drawers, and warming features, ensuring every moment runs smoothly. An adjacent sitting room with a fireplace offers a quiet place to begin the day, while the family room extends the sense of comfort with its own hearth and connection to a bright sunroom that invites creativity and calm. The dining room adds a sense of occasion with coffered ceilings and inlaid floors. Nearby, a home office shares a dual-sided fireplace with the living room, creating a refined space for work. A first-floor bedroom and full bath provides flexibility for guests. The second floor unfolds with a sense of privacy and refinement. The primary suite occupies its own wing and provides the ultimate indulgent retreat with two bathrooms featuring a shared Japanese soaking tub, two expansive dressing rooms, a fireplace, and a private balcony. Three additional bedrooms are thoughtfully arranged around a central lounge with built-in desks. Each bedroom connects directly to a bathroom, and a second-floor laundry room adds ease to daily routines. Along the central hallway, custom shelving invites books and collections to become part of the home’s story. Located just minutes from downtown Princeton, bordering Pennington Borough, and close to major highways and transportation, this is a rare opportunity to enjoy estate living in one of the area’s most desirable settings.

Listing Agent

Amy Schaefer

(609) 921-1050 info@callawayhenderson.com Callaway Henderson Sotheby's Int'l-Princeton Brokerage Phone: 6099211050 License #1220855 Listed on: 04/30/2026

Callaway Henderson Sotheby's Int'l-Princeton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $56,128

Year Built

  • Built in 2007

Lot Details

  • 9.8 Acre Lot
  • Cul-De-Sac
  • Partially Fenced Property
  • Extensive Hardscape
  • Irregular Lot
  • Property is zoned VRC

Parking

  • 3 Car Attached Garage
  • Parking Storage or Cabinetry
  • Side Facing Garage
  • Circular Driveway
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation
  • Chimney Cap

Interior Spaces

  • 6,978 Sq Ft Home
  • Property has 2 Levels
  • Wet Bar
  • Central Vacuum
  • Dual Staircase
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace
  • Mud Room
  • Family Room Off Kitchen
  • Sitting Room
  • Living Room
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Bonus Room
  • Game Room
  • Hobby Room
  • Utility Room
  • Home Gym
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Eat-In Gourmet Kitchen
  • Kitchenette
  • Built-In Oven
  • Gas Oven or Range
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet
  • Soaking Tub
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Pool

  • Pool and Spa
  • In Ground Pool

Outdoor Features

  • Balcony
  • Rooftop Deck
  • Patio
  • Exterior Lighting
  • Shed
  • Outdoor Grill
  • Porch

Schools

  • Bear Tavern Elementary School
  • Timberlane Middle School
  • Hopewell High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan
  • Underground Utilities
  • Propane
  • Water Treatment System
  • Well
  • Natural Gas Water Heater
  • On Site Septic
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • Association fees include road maintenance, snow removal
  • Michael Way Association
  • Built by FACOMPRE DEVELOPMENT
  • Edgebrook Estates Subdivision

Listing and Financial Details

  • Tax Lot 00005 04
  • Assessor Parcel Number 06-00089-00005 04

Home Details

Home Type

Single Family

Est. Annual Taxes

$56,128

Year Built

Built in 2007

Lot Details

9.8 Acres

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: See listing agent.
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2007
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Central Vacuum, Dishwasher, Dryer, Exhaust Fan, Extra Refrigerator/Freezer, Oven - Wall, Refrigerator, Stainless Steel Appliances, Washer, Water Heater, Microwave, Range Hood, Oven/Range - Gas, Six Burner Stove
  • Flooring Type: Hardwood, Tile/Brick
  • Interior Amenities: Kitchen - Island, Bathroom - Soaking Tub, Built-Ins, Ceiling Fan(s), Central Vacuum, Crown Moldings, Entry Level Bedroom, Family Room Off Kitchen, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Gourmet, Pantry, Primary Bath(s), Walk-In Closet(s), Water Treat System, Wood Floors, Bathroom - Tub Shower, Recessed Lighting, Wet/Dry Bar, Additional Stairway, Kitchenette
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Sitting Room, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Game Room, Family Room, Exercise Room, Mud Room, Office, Recreation Room, Utility Room, Bonus Room, Hobby Room
  • Basement: Yes
  • Basement Type: Fully Finished, Walkout Level
  • Laundry Type: Upper Floor, Has Laundry
  • Total Sq Ft: 6978
  • Living Area Sq Ft: 6978
  • Price Per Sq Ft: 286.47
  • Above Grade Finished Sq Ft: 6978
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 7
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 4
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 4.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Frame
  • Exterior Features: Bbq Grill, Chimney Cap(s), Extensive Hardscape, Exterior Lighting, Roof Deck
  • Pool Features: In Ground, Pool/Spa Combo
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway, Circular Driveway
  • Garage Features: Additional Storage Area, Garage - Side Entry
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage, Driveway, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: On Site Septic
  • Utilities: Natural Gas Available, Under Ground, Cable Tv Available, Propane
  • Water Source: Well
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 1.00
  • HOA Fee Frequency: Unknown
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Road Maintenance, Snow Removal
  • HOA Name: MICHAEL WAY ASSOCIATION
  • HOA: Yes
  • Senior Community: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: BEAR TAVERN E.S.
  • High School: HOPEWELL
  • Middle Or Junior School: TIMBERLANE M.S.

Lot Info

  • Fencing: Partially
  • Lot Features: Cul-De-Sac, Irregular
  • Lot Size Acres: 9.80
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 426888.00
  • Outdoor Living Structures: Porch(es), Balcony, Patio(s)
  • Zoning: VRC

Building Info

  • Builder Name: FACOMPRE DEVELOPMENT

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 56128.00
  • Assessor Parcel Number: 06-00089-00005 04
  • Tax Lot: 00005 04
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

MLS Schools

  • School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $54,506 $1,726,500 $391,500 $1,335,000
2024 $52,762 $1,726,500 $391,500 $1,335,000
2023 $52,762 $1,726,500 $391,500 $1,335,000
2022 $51,674 $1,726,500 $391,500 $1,335,000
2021 $52,814 $1,726,500 $391,500 $1,335,000
2020 $51,536 $1,726,500 $391,500 $1,335,000
2019 $50,276 $1,726,500 $391,500 $1,335,000
2018 $49,343 $1,726,500 $391,500 $1,335,000
2017 $47,997 $1,726,500 $391,500 $1,335,000
2016 $45,372 $1,726,500 $391,500 $1,335,000
2015 $45,839 $1,726,500 $391,300 $1,335,200
2014 $44,889 $1,726,500 $391,300 $1,335,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/15/2026 05/15/26 Price Changed $1,999,000 -12.9% $286 / Sq Ft
04/30/2026 04/30/26 For Sale $2,295,000 -- $329 / Sq Ft
Source: Bright MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed $1,975,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $1,580,000 New Conventional
Source: Public Records

Source: Bright MLS

MLS Number: NJME2075746

Bright MLS

APN: 06-00089-0000-00005-04

Your Personal Tour Guide

Ask me questions while you tour the home.