$394,750
 $2,119 est/mo Sourced by Back At You

40 Rachel Way,South Hero, VT 05486

South Hero, VT 05486

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Description

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.

Details

MLS #5083330
Listing TypeFor Sale
Sub-TypeResale
Status(10) Active - Active
Days On Site132
Listing Provided ByFour Seasons Sotheby's Int'l Realty | Kelly J Byers

Features

ZoningVillage
Acreage0.32
Water FrontYes

Exterior

Lot FeaturesCountry Setting, Lake Access, Lake View, Open Lot, Subdivided, Views, Water View

Utilities

UtilitiesCable Available, Phone Available, Underground Utilities
ElectricOn-Site, Underground
SewerCommunity, Mound Septic, On-Site Septic Exists, Septic Tank

Area Information

StateVT
CountyGrand Isle
CitySouth Hero
Zip Code05486
AreaVT Grand Isle
Community NameOn The Lake Planned Community
School DistrictGrand Isle School District
Elementary SchoolFolsom Comm Ctr
High SchoolChoice
Listing VS Median (in On The Lake Planned Community)
Price:
$394,750
low | high
Med:
$0
On site:
132
low | high
Med:
Sourced by Back At You

Market Activity 05486

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Learn More About This Property

StateVT
CountyGrand Isle
CitySouth Hero
Zip Code05486
AreaVT Grand Isle
Community NameOn The Lake Planned Community
School DistrictGrand Isle School District
Elementary SchoolFolsom Comm Ctr
High SchoolChoice
Listing VS Median (in On The Lake Planned Community)
Price:
$394,750
low | high
Med:
$0
On site:
132
low | high
Med:
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $296K - $493K
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
32 Phoebe Lane Property Photo 1
$394,750
32 Phoebe Lane
South Hero, VT 05486
Listing Updated: August 17, 2026 at 1:40:56 PM PDT