40 Rachel WaySouth Hero, VT 05486MLS Number 5083330

  • Price: $394,750
  • Est. Mortgage of $/month
  • 53 Days on Market
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$/month over payments
Federal 30-year interest rate: 6.53% last updated on May 28, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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40 Rachel Way South Hero VT 0548640 Rachel Way South Hero VT 0548640 Rachel Way South Hero VT 0548640 Rachel Way South Hero VT 0548640 Rachel Way South Hero VT 0548640 Rachel Way South Hero VT 0548640 Rachel Way South Hero VT 0548640 Rachel Way South Hero VT 0548640 Rachel Way South Hero VT 0548640 Rachel Way South Hero VT 0548640 Rachel Way South Hero VT 0548640 Rachel Way South Hero VT 0548640 Rachel Way South Hero VT 05486
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  • 0.32Acreage
  • 13,939Square Feet

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Listed by Kelly Byers of Four Seasons Sotheby's Int'l Realty
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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More Info

Basic Information

  • StatusACT
  • List Price$394,750
  • MLS Number5083330
  • MLS StatusActive

Utilities

  • Power CompanyVermont Electric CoOp
  • WaterPublic Water On-Site
  • ElectricOn-Site, Underground
  • SewerCommunity, Mound, On-Site Septic Exists, Septic
  • UtilitiesCable Available, Telephone Available, Underground Utilities

Water Body

  • Water Body NameLake Champlain
  • Water Body TypeLake
  • Waterfront529
  • Water AccessShared
  • Shore RightsCommunity
  • Water ViewYes
  • Water Access DetailsDirectly Adjoining, Shared-Private

Location

  • Building Number40
  • StreetRachel Way
  • TownSouth Hero
  • StateVT
  • Zip05486
  • SubdivisionOn The Lake Planned Community
  • CountyGrand Isle
  • Flood ZoneNo
  • DistrictGrand Isle School District
  • Elementary SchoolFolsom Comm Ctr
  • Junior HighFolsom Ed. and Community Ctr
  • High SchoolChoice
  • Address40 Rachel Way

Other

  • SurveyedYes
  • ZoningVillage
  • Date Listed04/13/2026
  • View Count2

Property

  • Acreage0.32
  • ExposureEast
  • AreaVT-Grand Isle
  • Square Feet13,939
  • CurrentUseResidential
  • RoadsAssociation, Gravel, Private Road, Privately Maintained
  • Topography
    • Country Setting
    • Lake Access
    • Lake View
    • Open
    • Subdivision
    • View
    • Water View
  • RestrictionsArchitecture, Building/Development, Elevation, Mobile Homes, Waterfront

Amenities

  • AmenitiesManagement Plan, Master Insurance, Snow Removal, Landscaping, Common Acreage
  • PricePerSqFt1233593.75
Dave Chenette | Chenette Real Estate
Dave Chenette | Chenette Real Estate
Office: 802-264-1991
9 Roberts Ct
Milton, VT 05468
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Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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 June 4, 2026 5:09 PM EDT

 

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