Waterfront development opportunity!! Discover the possibilities with this exceptional 1.59-acre parcel offering approximately 390 feet of owned shoreline on beautiful Pensioner Pond in Charleston, Vermont. Whether you're looking for an investment opportunity, future income-producing property, or a special waterfront retreat in Vermont's Northeast Kingdom, this property offers a unique head start with significant planning already completed. The property is approved for a 4-unit multifamily dwelling, consisting of two 2-bedroom units and two 1-bedroom units. The project has not yet been constructed, allowing the new owner the opportunity to bring the approved plans to life. State-approved plans are already in place for a subsurface leach field and drilled well, taking important steps out of the development process. Adding to the property's potential, the Town of Charleston has no municipal zoning and does not issue town zoning permits, although all applicable Vermont state regulations and permitting requirements still apply. The setting is what truly makes this property stand apart. Pensioner Pond encompasses approximately 170 acres and reaches a maximum depth of 39 feet. Vermont Fish & Wildlife maintains a public fishing access on the pond, and its waters support brook trout, bullhead, chain pickerel, smallmouth bass, and yellow perch. With opportunities for fishing, paddling, boating, wildlife watching, and simply enjoying life along the water, Pensioner Pond provides the classic Northeast Kingdom recreational experience.