Estimated payment $4,365/month
Total Views
86,197
41
Acres
$17,049
Price per Acre
1,785,960
Sq Ft Lot
Highlights
- 41 Acre Lot
- Wooded Lot
- Level Lot
- Wetlands on Lot
About This Lot
This 41-acre plot of land, situated in Derby (13.2A) and Newport (27.6A), is adjacent to the I-91 access road, Newport Country Club, Pine Hill Road, and Mt. Vernon St. While it is currently zoned for commercial purposes, it also presents an opportunity for residential development, which would necessitate rezoning. The undeveloped land offers potential for a large luxury residence, boasting breathtaking views of Lake Memphremagog, Jay Peak, Willoughby Gap, and downtown Newport. Plans are available for either a 7-lot commercial subdivision or a 13-lot residential subdivision with access to water and sewer facilities. Additionally, its location within the Foreign Trade Zone could lead to reduced import costs for businesses, and potential eligibility for New Market Tax Credits. This property is a must-see. Two (2) shareholders are Vermont Real Estate Brokers.
Property Details
Property Type
- Land
Lot Details
- 41 Acre Lot
- Level Lot
- Wooded Lot
- Property is zoned Commercial
Outdoor Features
- Electricity Available at Street
- Wetlands on Lot
Schools
- Derby Elementary School
- North Country Junior High
- North Country Union High Sch
Utilities
- Well Required
- Septic Needed
- Internet Available
- Cable TV Available
Listing and Financial Details
- Tax Lot F
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/27/2025 06/27/25 | For Sale | $699,000 | 0.0% | -- | |
| 06/21/2024 06/21/24 | Off Market | $699,000 | -- | -- | |
| 06/21/2024 06/21/24 | For Sale | $699,000 | 0.0% | -- | |
| 06/20/2024 06/20/24 | Off Market | $699,000 | -- | -- | |
| 06/23/2023 06/23/23 | For Sale | $699,000 | +1298.0% | -- | |
| 05/09/2014 05/09/14 | Sold | $50,000 | -28.1% | -- | View Prior Sale |
| 01/23/2014 01/23/14 | Pending | -- | -- | -- | |
| 04/02/2012 04/02/12 | For Sale | $69,500 | -- | -- |
Source: PrimeMLS
About the Listing Agent
Nick practiced in Real Estate since 2000 and is a co-owner and the Managing Broker of Century 21 Farm & Forest. He started in Real Estate during the summers while attending the University of Vermont, where he graduated with a B.S. in Mechanical Engineering Management. Post-college, he traveled throughout the U.S. and worked as a handyman mainly in Colorado and Alaska He has always appreciated the beauty of the Northeast Kingdom where he grew up and returned to Vermont to continue working
Nicholas' Other Listings
Source: PrimeMLS
MLS Number: 4958531
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