This new home offers the rare combination of modern design, energy efficiency, and an exceptional in-town Montpelier location. This thoughtfully designed, approximately 1,200-square-foot, two-story home offers 3 bedrooms and 2.5 bathrooms with comfortable, low-maintenance living throughout. The bright, open main level features engineered oak flooring extending through the staircase and upper hallway, while the contemporary kitchen pairs quartz countertops with modern cabinetry and matte black hardware and fixtures. Carpeted bedrooms add comfort, and bathrooms feature tile flooring. Upstairs are three bedrooms, a shared full bath, and a private primary suite with its own bathroom. Large windows bring in abundant natural light and connect the interiors with the surrounding Vermont landscape. Built for year-round comfort, the home features an energy-efficient building envelope, heat pump heating and cooling, and continuous fresh air ventilation. Premium soundproofing between units helps create a quiet living environment. Located between 491 and 493 Elm Street, the property offers on-lot river access while keeping both the building and parking areas outside the floodplain. Enjoy a flat walk to downtown Montpelier’s restaurants, shops, the neighborhood bakery, town pool, recreation fields, North Branch Nature Center, and Hubbard Park. Convenient access to I-89 makes travel throughout Central Vermont and beyond easy. The Elm Street Planned Community consists of just four residences. Durable finishes and efficient modern systems support easy ownership without the cost and hassle of deferred maintenance. Estimated occupancy is November 2026 (possibly sooner). A rare opportunity to own a brand-new home in an established neighborhood, with everything Montpelier has to offer close at hand.
Active
Listed by: Flat Fee Real Estate • Robert Foley
$429,000
491 Elm Street #2, Montpelier, VT 05602
3beds
1,190sqft
Condominium
Built in 2026
-- sqft lot
$424,600 Zestimate®
$361/sqft
$-- HOA
What's special
Modern designCarpeted bedroomsEngineered oak flooringContemporary kitchenPremium soundproofing between unitsDurable finishesQuartz countertops
- 18 days
- 1,408
- 66
Zillow last checked:
Listing updated:
Listed by:
Robert Foley,
Flat Fee Real Estate 802-318-0833
Source: PrimeMLS,MLS#: 5108779
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Heat Pump
Cooling
- Mini Split
Appliances
- Included: Dishwasher, Range Hood, Microwave, Electric Range, Refrigerator
Features
- Dining Area, Kitchen/Dining, Kitchen/Family, Kitchen/Living, Living/Dining, Primary BR w/ BA
- Flooring: Hardwood, Tile
- Has basement: No
Interior area
- Total structure area: 1,190
- Total interior livable area: 1,190 sqft
- Finished area above ground: 1,190
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Paved, Off Street, On Site, Parking Spaces 2
Features
- Levels: One
- Stories: 1
- Has view: Yes
Lot
- Features: City Lot, Condo Development, Views
Details
- Zoning description: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Other
- Foundation: Concrete
- Roof: Shingle
Condition
- Under Construction
- New construction: Yes
- Year built: 2026
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Utilities for property: Cable
Community & HOA
Community
- Security: HW/Batt Smoke Detector
HOA
- Services included: Maintenance Grounds, Plowing, Condo Association Fee, For Reserves
- Additional fee info: Fee: $225
Location
- Region: Montpelier
Financial & listing details
- Price per square foot: $361/sqft
- Date on market: 9/8/2026
Estimated market value
$424,600
$403,000 - $446,000
$3,295/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/8/2026 | Listed for sale | $429,000$361/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 05602
Nearby schools
Schools provided by the listing agent
- Elementary: Union Elementary School
- Middle: Main Street Middle School
- High: Montpelier High School
Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






