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429 Community Drive, Randolph, VT 05061
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$815,000
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Home Details for 429 Community Drive
Price
$815,000
Type
Lots/Land
Lot Size
13
County
Orange
Tax
$11,767
MLS®️ Listing#
5057088
On exitrealty.com
143 days
Listing Courtesy: Preferred Properties - Off: 802-862-9106. Presented by: Curtis Trousdale - Off: 802-862-9106
Property Description
High earning Airbnb investment village! These 5 lots totaling 13 +/- acres, located in the beautiful mountains of South Randolph, VT, just minutes from VT I-89. There are four lots, each with their own log cabin park model home, a fifth lot with a fantastic Yurt and quant bath house. Additionally, there is a second Yurt that can be moved by the purchaser to a fully prepped area with water/sewer and power. One lot is over 6 acres and includes an open grassy field, pond and garden area making for a wonderful community Airbnb experience. Gross income for the development was (2023 - $125,746 and 2024 – $116,914). Recent changes include the addition of a new Cabin and conversion of a second to Airbnb starting August. Based on past numbers, this should provide a future yearly gross income of approx. $169,000. Future potential with three additional bedrooms of unused septic capacity is already installed. The current owner outsources his cleaning & communications, doing your own could increase net by over 13K per year. There are two other lots available if you wish to expand income opportunity or build your own home. The seller created this small community and has been running it as rental and Airbnb income property. He is ready to slow down in retirement and ready to travel but is willing to teach new owners the ins and outs of the property. All current state/town permits, surveyed, and utility drawings are available. Future owners may sell these lots individually.
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- Waterfront and Water Access
- Pond
- River Front
- Water Features
- Spring
School Information
School Information for 429 Community Drive
Elementary School
Randolph Elementary School
Middle School
Randolph School UHSD #2
High School
Randolph UHSD #2
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