0 Pepin Drive Newport City, Vermont 05855 MLS# 4940081

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For Sale Status

$575,000 List Price

Land Type

19 Acres

Listed By Nicholas Maclure of Century 21 Farm & Forest
🖶

Hillside at O'Brien Farm

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NMLS# 446767

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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!

Property Location

0 Pepin Drive Newport City

Property Details

MLS#  4940081 Taxes $2,315
List Price  575,000 Exposure  West
Type  Land Surveyed  Yes
Zoning  RES ACLNDV MDL-00 Road Frontage  1600 Ft
Lot Size  18.6000 Acres Water Frontage  
Easements   Water Body  
List Date  Jan 4th, 2023
MLS#  4940081 Taxes $2,315
List Price  575,000 Exposure  West
Type  Land Surveyed  Yes
Zoning  RES ACLNDV MDL-00 Road Frontage  1600 Ft
Lot Size  18.6000 Acres Water Frontage  
Easements   Water Body  
List Date  Jan 4th, 2023
Amenities 
Topography Sloping, Water View, Mountain View, View, Condo Development
Location , Near Country Club, Near Golf, Near Skiing, Near Skiing, Near Snowmobile Trails, Near Hospital, Near ATV Trail, Dead End Street
Utilities  Public
Directions  Take Mount Vernon St. in Newport City to Pepin Drive. The land is also accessible from Richard Drive, Fern St and Glen Road in Newport City.
Current Use Recreational Roads  Paved, Dead End
Sewer  Public Roads  Paved, Dead End
Water   Structure  
Electric  On Site Shore Rights  
Gas   Restrictions  
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† The remarks published on this webpage originate from Listed By Nicholas Maclure of Century 21 Farm & Forest via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.