40 Rachel Way # Lot 1 South Hero, VT $ 394,750
40 Rachel Way # Lot 1
$ 394,750
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40 Rachel Way # Lot 1

South Hero, VT, 05486
$ 394,750
Baths0.0

Monthly Estimate*

$ 2,431

Listed by Kelly Byers, Four Seasons Sotheby's Int'l Realty, 802-864-0541, kelly.byers@fourseasonssir.com
40 Rachel Way # Lot 1, South Hero, VT 05486 - Image 1
40 Rachel Way # Lot 1, South Hero, VT 05486 - Image 2
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40 Rachel Way # Lot 1, South Hero, VT 05486 - Image 7
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40 Rachel Way # Lot 1, South Hero, VT 05486 - Image 9
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Studio

Lots and Land for sale in South Hero, VT

for $394,750. The lot size is 0.32.

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.

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Lots and Land Active

Price

$ 394,750

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 0

Style

Village

Lot Size

0.32

Town/City

South Hero

County/Region

Grand Isle

MLS | Web ID

5083330

Features
General
Road Frontage No
Sewer Community Mound On-Site Septic Exists Septic
Utilities Cable Available Telephone Available Underground Utilities
Possession At Closing
current use No
Flood Zone No
Zoning Village
Electric On-Site Underground
Subdivision On The Lake Planned Community
Unit Number Lot 1
Status Detail 0
Covenants Yes
Directions Head north on I-89 from Burlington. Take exit 17W for US-2 toward Lake Champlain Islands then merge onto US-2 W. Continue for 9.8 miles. Turn right onto Phoebe Lane. Lot 1 (40 Rachel Way) is at the
High School Choice
City South Hero
School District Grand Isle School District
Elementary School Folsom Comm Ctr
Middle School Folsom Ed. and Community Ctr
DOM 0
Price Per Sq Ft Total AG 1233593.75
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Exterior
Lot Features Country Setting Lake Access Lake View Open Subdivision View Water View
Water View Yes
Lot Size Area 0.32
Water Source Public Water On-Site
Water Body Name Lake Champlain
Waterfront Property Yes
Water Body Type Lake
Water Body Access Yes
Water Access Details Directly Adjoining Shared-Private
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* Excluded Features
List By
Kelly Byers

Listing Agent

Four Seasons Sotheby's Int'l Realty

Broker

(802) 864-0541

Phone

kelly.byers@fourseasonssir.com

Email

Affordability Calculator

$2,431
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,431
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4283122 Elementary School
4283123 Middle School
Choice High School High School
Pricing History
DatePricePrice ChangeDescription
4/13/2026$394,750 Listed Price

Map


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40 Rachel Way # Lot 1, South Hero, VT, 05486 is a Lots and Land for sale at $394,750 with a lot size of 0.32. 40 Rachel Way # Lot 1 is a studio with 0.0 baths. The property's zip code is 05486 which is in South Hero, VT