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  • Listed by: Four Seasons Sotheby's Int'l Realty • Kelly J Byers
    $394,750

    40 Rachel Way Lot 1, South Hero, VT 05486

    --beds
    --baths
    0.32Acres
    Unimproved Land
    Built in ----
    0.32 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Ready to build your dream lakefront retreat this summer? Nestled on the shores of Lake Champlain in the heart of South Hero, this rare opportunity lets you craft a custom waterfront escape on your schedule. Set on 0.32 acre of owned land with a shared interest in 2.67 acres of waterfront common land spanning 529 feet of shoreline, this homesite offers both privacy and community in one stunning package. Positioned at the end of a quiet, dead-end road, the east-facing lot delivers sweeping, year-round views of the lake and surrounding mountains, with front-row seats to stunning sunrises over Keeler Bay every morning. All the hard work is done. Infrastructure is fully developed, development permits are in hand, and approvals are in place for a four-bedroom home, town water, electricity, and the community septic system. Break ground this season. The larger lot size gives you room to spread out, with space for gardens, a portable shed, and parking. Keeler Bay Marina sits right next door, offering boat slips, ramp access, and beautiful marina views, with convenient overflow guest parking available in the adjacent marina lot. Common land and shoreline maintenance are managed by the homeowners' association, making this a truly turnkey opportunity. All of this is just under 25 minutes from Burlington, with local shops, restaurants, and a vibrant seasonal farmers market nearby. This is your chance to live Lake Champlain life at its finest.
    85 days
    |
    337
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Kelly J Byers,

    Four Seasons Sotheby's Int'l Realty 802-864-0541,

    Mary P Palmer,

    Four Seasons Sotheby's Int'l Realty

    Source: PrimeMLS,MLS#: 5083330MLS Logo

      Facts & features

      Property

      Features
      • Has view: Yes
      • View description: Water, Lake
      • Has water view: Yes
      • Water view: Water,Lake
      • Waterfront features: Lake Access
      • Body of water: Lake Champlain
      • Frontage length: Water frontage: 529
      Lot
      • Size: 0.32 Acres
      • Features: Country Setting, Open Lot, Subdivided, Views
      Details
      • Zoning description: Village

      Utilities & green energy

      • Electric: On-Site, Underground
      • Sewer: Community, Mound Septic, On-Site Septic Exists, Septic Tank
      • Utilities for property: Cable Available, Phone Available, Underground Utilities, Fiber Optic Internt Avail

      Community & HOA

      Community
      • Subdivision: On The Lake Planned Community
      HOA
      • Amenities included: Management Plan, Master Insurance, Snow Removal, Landscaping, Common Acreage
      Location
      • Region: South Hero

      Financial & listing details

      • Date on market: 4/13/2026
      • Electric utility on property: Yes
      • Road surface type: Gravel

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        4/14/2026Listed for sale$394,750+17.8%
        Source: PrimeMLS #5083330 Report a problem
        10/26/2025Listing removed$335,050
        Source: PrimeMLS #5037296 Report a problem
        4/22/2025Listed for sale$335,050
        Source: PrimeMLS #5037296 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 05486

        Getting around

        19 / 100
        Car-Dependent
        29 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Folsom Comm Ctr
        • Middle: Folsom Ed. and Community Ctr
        • District: Grand Isle School District

        Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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