Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

You simply won’t find brand new construction like this in Franklin Lakes. Act quickly before it’s gone. Welcome to this exceptional new construction colonial set on a full acre in one of Franklin Lakes’ most desirable locations. Offering approximately 5,500 sq ft of beautifully designed living space, and approximately 3,000 sq ft in the basement. This is one of the best opportunities currently on the market in terms of location, value, and square footage. The first floor features a grand two-story...You simply won’t find brand new construction like this in Franklin Lakes. Act quickly before it’s gone. Welcome to this exceptional new construction colonial set on a full acre in one of Franklin Lakes’ most desirable locations. Offering approximately 5,500 sq ft of beautifully designed living space, and approximately 3,000 sq ft in the basement. This is one of the best opportunities currently on the market in terms of location, value, and square footage. The first floor features a grand two-story foyer and a stunning two-story great room, creating an open, airy feel with incredible natural light and seamless flow throughout. A formal living room and formal dining room provide elegant entertaining spaces, while a versatile study, ideal as a home office or 5th bedroom, adds flexibility. The custom kitchen is the centerpiece of the home, designed for both everyday living and entertaining, and is complemented by a convenient first-floor laundry room. Upstairs, the second level offers a well-designed layout with two bedrooms connected by a Jack & Jill bathroom, an additional en-suite bedroom, and a spacious primary suite with a beautifully appointed bath. Custom trim work throughout enhances the home’s classic colonial character, adding warmth and sophistication to every space. The finished basement adds valuable additional living space. A rare chance to secure a brand new home on a private acre in Franklin Lakes.
  1. Listed by Nemanja Mihajlovic • Christie's International Real Estate Group-Franklin Lakes
    P: (973)-832-6555 nemanja@mihajlovicgroup.com

Property Details for 249 Terrace Road

Style
Single Family Residence
Sub style
Cntr Hl
Waterfront
None
Garage
Attached
LISTING UPDATED: 04/12/2026 02:19 PM

Property Details for 249 Terrace Road

StatusActive - Active
MLS #26012363
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built-
Lot Size-
CountyBergen County

Location

Listing Courtesy of Christie's International Real Estate Group-Franklin Lakes, Nemanja Mihajlovic
Add your commute

Payment Calculator

$18,257 per month

30 year fixed, 6.46% Interest

Principal and Interest

$17,619

Property Taxes

$638

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 249 Terrace Road

Summary
Location and General Information
  • Area name: Franklin Lakes
  • Flood plain: None
  • Street Name: Terrace
  • County Name: BERGEN
  • Status: Active
  • Street Number Numeric: 249
  • Street Direction: None
  • Zip Code: 07417
Taxes and HOA Information
  • Other Charges: True
  • Association: None
  • Additional subst: Center Stairwell
  • Tax: $0
Owner
  • Ownership: Private
Property
Lot Information
  • Lot description: Regular
  • Year Built: New Const-New Fdn
  • Views exposure: None
  • Miscellaneous: Hdwd As In
Property and Assessments
  • Photo Number: 21
  • CourtAppYN: No
Utilities
  • Heatcool: Natural Gas, Forced Air, Zoned
  • Cooling Type: Central Air
Interior and Exterior Features
Interior Features
  • Bedrooms: 5
  • Baths full: 4
  • Baths partial: 1
  • Basement: Finished
  • Basement Description: Full Finished
  • Number of rooms: 12
  • Lifestyle: 1st Flr Mbdrm, Close/Parks, Close/School, Close/Shopg
  • Full Baths Total: 5
  • Num of Baths: 4.1
Exterior Features
  • Fireplace: 2 Fireplaces, Gas
  • Exterior: Cement Siding, Stone
  • Miscellaneous: Hdwd As In
  • Pool Type: None
Agent
Sale and Listing Information
  • Management Phone: (973) 832-6555
  • Search Class: RES, Residential
  • List Price: $3,499,000.00
  • Listing Date: 04-11-2026
  • Status Date: 04-10-2026
Showing Information
  • Internet Remarks: You simply won’t find brand new construction like this in Franklin Lakes. Act quickly before it’s gone. Welcome to this exceptional new construction colonial set on a full acre in one of Franklin Lakes’ most desirable locations. Offering approximately 5,500 sq ft of beautifully designed living space, and approximately 3,000 sq ft in the basement. This is one of the best opportunities currently on the market in terms of location, value, and square footage. The first floor features a grand two-story foyer and a stunning two-story great room, creating an open, airy feel with incredible natural light and seamless flow throughout. A formal living room and formal dining room provide elegant entertaining spaces, while a versatile study, ideal as a home office or 5th bedroom, adds flexibility. The custom kitchen is the centerpiece of the home, designed for both everyday living and entertaining, and is complemented by a convenient first-floor laundry room. Upstairs, the second level offers a well-designed layout with two bedrooms connected by a Jack & Jill bathroom, an additional en-suite bedroom, and a spacious primary suite with a beautifully appointed bath. Custom trim work throughout enhances the home’s classic colonial character, adding warmth and sophistication to every space. The finished basement adds valuable additional living space. A rare chance to secure a brand new home on a private acre in Franklin Lakes.

Property History for 249 Terrace Road

DateEvent & SourcePriceAppreciation
Apr 10, 2026

Listed (Active)

NJMLS #26012363

$3,499,000
Dec 2, 2025

Temporarily Off Market

NJMLS #25009300

Jun 23, 2025

Price Change

NJMLS #25009300

$3,499,000
Mar 23, 2025

Listed (Active)

NJMLS #25009300

$3,799,000
Nov 14, 2023

Sold (Public Record)

Public Record #1527290075

$650,000
Nov 14, 2023

Sold

NJMLS #23009553

$650,000
Apr 27, 2023

Under Contract

NJMLS #23009553

Apr 4, 2023

Listed (Active)

NJMLS #23009553

$699,000
DateEvent & SourcePrice
04/10/2026

Listed (Active)

NJMLS #26012363

$3,499,000
12/02/2025

Temporarily Off Market

NJMLS #25009300

06/23/2025

Price Change

NJMLS #25009300

$3,499,000
03/23/2025

Listed (Active)

NJMLS #25009300

$3,799,000
11/14/2023

Sold (Public Record)

Public Record #1527290075

$650,000
11/14/2023

Sold

NJMLS #23009553

$650,000
04/27/2023

Under Contract

NJMLS #23009553

04/04/2023

Listed (Active)

NJMLS #23009553

$699,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 249 Terrace Road

Taxable ValueLand$426,600Additions-Total$426,600
Tax Record2024$7,662 ($638 / month)
Home Facts
Beds0Lot Size47,916 SqFtStyleMiscellaneous Vacant LandZoningA40CountyBERGENAPN20 01207- 02-00001- 04

Schools near 249 Terrace Road

This home is within Ramapo Indian Hills Regional High School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Colonial Road School
PublicPK to 5

Franklin Ave Middle School
Public6 to 8

Indian Hills High School
Public9 to 12

Ramapo High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

249 Terrace Road is a single family home for sale in Franklin Lakes, NJ 07417. This property was listed for sale on April 11, 2026 by Christie's International Real Estate Group-Franklin Lakes, it's currently listed at $3,499,000. It has been on the market for a total of 2 days and was last sold on November 14, 2023. This listing's school districts are Ramapo Indian Hills Regional High School District, Franklin Lakes Public School District. Nearby schools include Colonial Road School, Franklin Ave Middle School and Indian Hills High School. 249 Terrace Road is a 5-bed, 5-bath, single family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Christie's International Real Estate Group-Franklin Lakes, Nemanja Mihajlovic

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 04/13/2026 07:44 PM. Source: New Jersey Multiple Listing Service, Inc. © 2026 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 04/13/2026 07:44 PM © 2026 New Jersey Multiple Listing Service Inc. All rights reserved.