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.
Active
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
- 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#: 5083330
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
| Date | Event | Price |
|---|---|---|
| 4/14/2026 | Listed for sale | $394,750+17.8% |
Source: | ||
| 10/26/2025 | Listing removed | $335,050 |
Source: | ||
| 4/22/2025 | Listed for sale | $335,050 |
Source: | ||
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
Nearby schools
GreatSchools rating
- 9/10Folsum Education & Community CenterGrades: PK-8Distance: 1.7 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Vermont
- Grand Isle County
- South Hero
- 05486
- 40 Rachel Way Lot 1




