0 Pepin Drive
Newport City, VT 05855

MLS ID# 4940081 Active
Land

$575,000

18.6 Acreage
810216 Lot SqFt

  • Map

Details for 0 Pepin Drive, Newport City VT 05855

Here is a wonderful opportunity to take over a pre-existing development. Mount Vernon Estates is Act 250 permitted for 48 units with 6 being completed and sold leaving 42 units to be developed. This site offers gorgeous westerly views of Lake Memphremagog, Downtown Newport, Jay Peak & Owls Head. It is an exceptional location being less than 1 mile to the Lake, Downtown Newport, Gardner Park, the Newport Country Club and so much more. The development has infrastructure in place including a town maintained paved road, public water & sewer, underground power, telephone and cable, and stormwater systems. Land Use & Water & Waste Water Permits are on file as are the all of the condo documents. Land is held in Common as part of the association. Property has frontage on Mt. Vernon, Pepin Drive, Fern St, Richards Drive, Weaver St, and the Glen Road. Road frontage listed is estimated. At $575K and 42 units remaining, you are looking at a purchase price under $14K per unit. Opportunities such as this are few and far between! Listed by Nick Maclure & Dan Maclure of Century 21 Farm & Forest.

Features and Details

  • List Date 01/04/2023
  • Category Land
  • Type Land
  • Village/Neighborhood
  • County Orleans
  • Lot Dimensions 810216
  • Acreage 18.6
  • MLS ID# 4940081

Electric
On-Site
Gas
West
Location
Near ATV Trail, Near Country Club, Near Golf Course, Near Hospital, Near Shopping, Near Skiing, Near Snowmobile Trails
Suitable Use
Development Potential, Residential
Roads/Driveway
Dead End, Paved, Public
Sewer
Public
Lot Description
Condo Development, Mountain View, Recreational, Sloping, View, Water View
Schools - District
North Country Supervisory Union
Schools - Elementary
Newport City Elementary
Schools - High
North Country Union High Sch
Schools - Middle/Jr
North Country Junior High
Water
Public
Water Body
Memphremagog Lake
Water Body Type
Lake
Water View
: Yes
Waterfront
: No
Zoning
RES ACLNDV MDL-00
Tax
Year: 2022
Deed
Book: 164, Page: 130-133
Foreclosed/Bank-Owned/REO
No
Delayed Showings
No
Compensation (explained below)
Sub Agency: 3%, Buyer Agency: 3%
Compensation Disclaimer
The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the NEREN MLS.
This listing was last updated on 1/6/2023 1:43:10 PM.