Pepin DriveNewport City, VT 05855MLS Number 4940081

  • Price: $575,000
  • Est. Mortgage of $/month
  • 331 Days on Market
$/month over payments
Federal 30-year interest rate: 7.22% last updated on Nov 30, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 18.6Acreage
  • 810,216Square Feet

Driving Directions

Listed by Nicholas Maclure and Daniel Maclure of Century 21 Farm & Forest
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!

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More Info

Tax Information

  • Tax Year2022


  • Acreage18.6
  • ExposureWest
  • Area
    • Near ATV Trail
    • Near Country Club
    • Near Golf Course
    • Near Hospital
    • Near Shopping
    • Near Skiing
    • Near Snowmobile Trails
  • Square Feet810,216
  • CurrentUseDevelopment Potential, Residential
  • Road Frontage1600
  • RoadsDead End, Paved, Public
  • Topography
    • Condo Development
    • Mountain View
    • Recreational
    • Sloping
    • View
    • Water View

Basic Information

  • StatusACT
  • List Price$575,000
  • MLS Number4940081
  • MLS StatusActive


  • Power CompanyVT Electric
  • WaterPublic
  • ElectricOn-Site
  • SewerPublic
  • UtilitiesCable - At Site, High Speed Intrnt -Avail


  • PricePerSqFt30913.98


  • Taxes$2,314.64
  • Tax Year Notes2022-2023
  • SurveyedYes
  • ZoningRES ACLNDV MDL-00
  • Permit StatusState - Issued
  • Date Listed01/04/2023
  • View Count140


  • StreetPepin Drive
  • TownNewport City
  • StateVT
  • Zip05855
  • SubdivisionMount Vernon Estates
  • CountyOrleans
  • Flood ZoneNo
  • DistrictNorth Country Supervisory Union
  • Elementary SchoolNewport City Elementary
  • Junior HighNorth Country Junior High
  • High SchoolNorth Country Union High Sch

Water Body

  • Water Body NameMemphremagog Lake
  • Water Body TypeLake
  • Water ViewYes
Jim Campbell Real Estate
Jim Campbell Real Estate
601 East Main Street
Newport, VT 05855
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Copyright 2023 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 December 1, 2023 7:54 AM EST


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