1002 Quarry Road Isle La Motte, VT
$1,350,000
Acres 2.80
Description
Rare opportunity to own this landmark Lake Champlain waterfront property situated on nearly 3 acres, offering stunning panoramic views of the Green Mountains, North Hero Island & Mt Mansfield! Since the 1950's the property has been continuously operated by the same family as the Ruthcliffe Lodge & Restaurant. With 610 feet of direct waterfront including deep water access, this magnificent property has many outdoor gathering areas, gardens, a 100 foot dock to accommodate most boats, a floating dock for swimming, 4 boat moorings and a beautiful awning deck overlooking the lake that can easily seat 30-40 people. The main lodge has 4 guest rooms and is able to accommodate up to 25 diners as it is fully equipped with a commercial kitchen and full Bar! Additionally, there are 6 detached motel style suites separate from the lodge for guests with sweeping lake views & wonderful accommodations. Permitting has been obtained for an additional 4 seasonal cottages to expand the resort. Continue to operate this successful restaurant/inn with a loyal customer base or use the property as a great summertime family compound, corporate company retreat, short term rental property, wedding venue and so much more! Just an hour from Burlington & Montreal, the assets of this very successful business are being sold fully turn-key including deeded and surveyed land and improvements, business name, website, social media presence and any future reservations on the current books for next season!
Listed by Flex Realty, Flex Realty Group & Daniel Titus
Details
MLS 4984847
Price $1,350,000
Status Active
DOM 304 days
Type Commercial
Lot Size 2.80 acres
Year Built 1951
Taxes Paid $16,230
Lot & Building Features
Utilities Other
Construction Cedar Exterior, Vinyl Siding
Cooling None
Heating Hot Air
Sewer 500 Gallon, On-Site Septic Exists
Tax Year 2023
Taxes Paid $16,230
Water Lake/Pond, Private, Other
Lot Description Deep Water Access, Waterfront, Water View, View, Recreational, Mountain View, Landscaped, Lake View, Lake Frontage, Lake Access
Roof Metal
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.