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24 Michael Way, Pennington, NJ, 08534

5beds
7baths
6,978sqft
$1,999,000
$286price/sqft
$15,011/moest. monthly cost
$600,440/yrincome needed

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.

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
13
BikeSomewhat Bikeable

Schools

8/10
6/10
Timberlane Middle SchoolGrades 6-80.5 mi
6/10
Central High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 2007

Materials

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Construction materials: Frame

Other

  • Builder name: FACOMPRE DEVELOPMENT

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Microwave,Built-In Range,Central Vacuum,Dishwasher,Dryer,Exhaust Fan,Extra Refrigerator/Freezer,Oven,Refrigerator,Stainless Steel Appliance(s),Washer,Water Heater,Range Hood,Oven/Range - Gas,Six Burner Stove,Water Treat System,Gas Water Heater
  • Laundry features: Upper Level,Has Laundry,Mud Room

Basement

  • Has basement: Yes
  • Basement: Finished,Walk-Out Access

Bedroom2

  • Features: Attached Bathroom
  • Level: Upper
  • Area: 210
  • Dimensions: 15 X 14

Bedroom3

  • Features: Attached Bathroom
  • Level: Upper
  • Area: 414
  • Dimensions: 18 X 23

Bedroom4

  • Features: Attached Bathroom
  • Level: Upper
  • Area: 322
  • Dimensions: 14 X 23

Bedroom5

  • Level: Main
  • Area: 187
  • Dimensions: 11 X 17

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 7
  • Full bathrooms: 6
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 1

Bonus Room

  • Level: Lower
  • Area: 336
  • Dimensions: 14 X 24

Dining Room

  • Level: Main
  • Area: 210
  • Dimensions: 15 X 14

Exercise Room

  • Level: Lower
  • Area: 210
  • Dimensions: 14 X 15

Family Room

  • Features: Fireplace - Wood Burning
  • Level: Main
  • Area: 437
  • Dimensions: 19 X 23

Family Room

  • Features: Wet Bar
  • Level: Lower
  • Area: 532
  • Dimensions: 28 X 19

Features

  • Kitchen Island,Soaking Tub,Built-in Features,Ceiling Fan(s),Central Vacuum,Crown Molding,Entry Level Bedroom,Family Room Off Kitchen,Formal/Separate Dining Room,Eat-in Kitchen,Kitchen - Gourmet,Pantry,Primary Bath(s),Walk-In Closet(s),Bathroom - Tub Shower,Recessed Lighting,Bar,Additional Stairway,Kitchenette
  • Flooring: Hardwood,Tile/Brick,Wood
  • Finished area below ground: 0
  • Finished area above ground: 6,978

Game Room

  • Level: Lower
  • Area: 336
  • Dimensions: 24 X 14

Heating & Cooling

  • Heating features: Forced Air,Zoned,Natural Gas
  • Cooling features: Central Air,Zoned,Electric

Interior Area

  • Total structure area: 6,978
  • Total interior livable area: 6,978 sqft

Kitchen

  • Features: Kitchen - Gas Cooking,Kitchen Island,Granite Counters,Double Sink,Pantry
  • Level: Main
  • Area: 900
  • Dimensions: 30 X 30

Living Room

  • Features: Fireplace - Gas
  • Level: Main
  • Area: 285
  • Dimensions: 19 X 15

Mud Room

  • Level: Main
  • Area: 66
  • Dimensions: 11 X 6

Office

  • Features: Built-in Features,Fireplace - Gas
  • Level: Main
  • Area: 196
  • Dimensions: 14 X 14

Other

  • Features: Built-in Features
  • Level: Main
  • Area: 143
  • Dimensions: 11 X 13

Other

  • Features: Built-in Features
  • Level: Upper
  • Area: 340
  • Dimensions: 17 X 20

Primary Bedroom

  • Features: Balcony Access,Bathroom - Walk-In Shower,Ceiling Fan(s),Fireplace - Gas,Walk-In Closet(s)
  • Level: Upper
  • Area: 532
  • Dimensions: 19 X 28

Recreation Room

  • Features: Built-in Features
  • Level: Lower
  • Area: 616
  • Dimensions: 28 X 22

Sitting Room

  • Features: Fireplace - Gas
  • Level: Main
  • Area: 108
  • Dimensions: 9 X 12

Utility Room

  • Level: Lower
  • Area: 165
  • Dimensions: 11 X 15

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 060008900005 04
  • Zoning: VRC
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Private pool: Yes
  • Pool features: In Ground,Pool/Spa Combo,Private
  • Patio & porch: Porch,Patio,Roof Deck
  • Exterior features: Barbecue,Chimney Cap(s),Extensive Hardscape,Lighting,Balcony
  • Fencing: Partial

Lot

  • Lot size: 9.80 Acres
  • Features: Cul-De-Sac,Irregular Lot
  • Lot size dimensions: 0.00 x 0.00

Parking

  • Total spaces: 3
  • Parking features: Storage,Garage Faces Side,Asphalt,Circular Driveway,Attached,Driveway,Off Street
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Inland Flooding
Ice Storm
Winter Weather
Cold Wave
Hurricane
Heat Wave
Lightning

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $10,108$121,296
Home Insurance *$553$6,636
Property Taxes $3,581$42,972
Electricity $769$9,230
Total$15,011$180,132
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$514,662/yr
40% on housing$450,330/yr
45% on housing$400,293/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.8%
-1.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$286This listing

vs Other Active Listings

Avg $/sqft

ZIP 08534$279
Mercer County$275

vs Homes Sold Last Month

Median $/sqft

ZIP 08534$323
Mercer County$281

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-30Listed for sale$2,295,000
2007-09-24Sold$1,975,000

For Sale by Agent

AgentAmy Schaefer
BrokerageCallaway Henderson Sotheby's Int'l-Princeton

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