Please note this fabulous price reduction on this one of a kind property in the Western section that has the potential for an amazing renovation. Property believed to be subdividable but buyer is to confirm and it will not be sold subject to any approvals or related contingencies. Many a passer-by has wondered what lies behind the thick fieldstone walls and wrought iron gates at the bend of Princeton's fabled Cleveland Lane. This magnificent stone manor home and its magical grounds do not disappoint. The "front" of the European-inspired house is turned toward a swathe of lawn stretching out from a stone terrace with Koi pond all enclosed by an impressive wall of stone. Privacy prevails among rose gardens and secret hideaways. A rare residential design by architect Ernst Flagg, the home was built for Walter Colpitts, an associate of Brooklyn Bridge-builder, John Roebling. Whimsical ironwork throughout is Colpitts' own handiwork. His prodigy are immortalized on a railing above the 5-bay carriage house, behind which his forge remains intact. Unique architectural features abound from European tiles, to intricately carved doors and corbels. Archways adorn the cathedral Great Room with striking fireplace. Off the breathtaking 3-story front hall, the grandly proportioned dining room, lined with French doors opens to the garden.Nestled on a lower level is a handsome library with a fireplace. Beyond the eat-in kitchen, is a back hall with a trio of servants' rooms used as offices and served by a full bath. Beyond a well-appointed laundry room is a room size vault/wine cellar. A sun-drenched family room, 2 suites and a third bedroom, also with its own bath, comprise the second floor, while a large guest suite enjoys the privacy of the entire top floor. A separate 2-bedroom apartment and a greenhouse flank the gravel drive. This one of a kind in-town estate, once a haven for artists, craftsmen and collectors, awaits the next generation of tastemakers. Sold AS IS