40 Rachel Way, Unit LOT 1

South Hero, VT 05486

$394,750
Price
13,939 / 0.32
Lot Size / Acres
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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...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.
  1. Listed by Kelly Byers • Four Seasons Sotheby's Int'l Realty
  2. Listed by Mary Palmer • Four Seasons Sotheby's Int'l Realty

Property Details for 40 Rachel Way, Unit LOT 1

Development / Subdivision
On The Lake Planned Community
Water Body Type
Lake
Water View
Yes
Waterfront Property
Yes
Zoning
Village
LISTING UPDATED: 04/14/2026 07:01 AM

Property Details for 40 Rachel Way, Unit LOT 1

StatusActive
MLS #5083330
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand
Year Built-
Lot Size0.32 AC
CountyGrand Isle County
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Location

Listing Courtesy of Four Seasons Sotheby's Int'l Realty
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Building Information for 40 Rachel Way, Unit LOT 1

Lot Size0.32 AC

Payment Calculator

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$1,988 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,988

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 40 Rachel Way, Unit LOT 1

Summary
Location and General Information
  • City: South Hero
  • County: VT-Grand Isle
  • 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 bottom of the hill turn left and last lot at end of road. Look for sign.
  • Latitude: 44.656804263478627
  • Longitude: -73.319491830688492
  • Road Frontage: No
  • State: VT
  • Street Designation: Way
  • Zip Code: 05486
Taxes and HOA Information
  • SPAN Number: 603-189-10762
  • Taxes TBD: Yes
Property
Lot Information
  • Lot Features: Country Setting, Lake Access, Lake View, Open, Subdivision, View, Water View
  • Lot Size Acres: 0.32
  • Total Lots: 7
  • Water Frontage Length: 529.0
  • Water Body Access: Yes
  • Water Body Name: Lake Champlain
  • Waterfront Property Rights: Shared
  • Lot Size Square Feet: 13939.0
Property and Assessments
  • Current Use: No
  • Property Class: Land
  • Flood Zone: No
  • Resort: No
  • Shore Rights: Community
  • Suitable Use: Residential
  • Surveyed: Yes
  • Water Body Restrictions: No
  • School District: Grand Isle School District
  • High School: Choice
  • Middle/Jr School: Folsom Ed. and Community Ctr
  • Elementary School: Folsom Comm Ctr
Utilities
  • Electric Company: Vermont Electric CoOp
  • Cable Company: Xfinity
  • Electric: On-Site, Underground
  • Sewer: Community, Mound, On-Site Septic Exists, Septic
  • Water Source: Public Water On-Site
  • Utilities: Cable Available, Telephone Available, Underground Utilities
  • Water Access Details: Directly Adjoining, Shared-Private
  • Internet: Fiber Optic Internt Avail, High Speed Intrnt Avail
Interior and Exterior Features
Exterior Features
  • Association Amenities: Common Acreage, Landscaping, Management Plan, Master Insurance, Snow Removal

Property History for 40 Rachel Way, Unit LOT 1

DateEvent & SourcePriceAppreciation
Apr 13, 2026

Listed (Active)

New England Real Estate Network #5083330

$394,750—
Oct 25, 2025

Expired

New England Real Estate Network #5037296

—
Apr 22, 2025

Listed (Active)

New England Real Estate Network #5037296

$335,050—
DateEvent & SourcePrice
04/13/2026

Listed (Active)

New England Real Estate Network #5083330

$394,750
10/25/2025

Expired

New England Real Estate Network #5037296

—
04/22/2025

Listed (Active)

New England Real Estate Network #5037296

$335,050

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 40 Rachel Way, Unit LOT 1

This home is within South Hero School District.
Rating
School
Type
Grades
Distance
Folsum Education & Community Center
Public - PK to 8
Rating
School
Distance
Folsum Education & Community Center
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 40 Rachel Way, Unit LOT 1, South Hero, VT 05486

40 Rachel Way, Unit LOT 1 is a 0.32 ac of land for sale in South Hero, VT 05486. This property was listed for sale on April 13, 2026 by Four Seasons Sotheby's Int'l Realty, it's currently listed at $394,750. This listing's school district is South Hero School District. Nearby schools include Folsum Education & Community Center. 40 Rachel Way, Unit LOT 1 is a 0-bed, 0-bath, 0.32 ac of land on a 13,939 sq. ft. / 0.32 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Four Seasons Sotheby's Int'l Realty

Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 04/24/2026 01:27 PM