1088 Lakeview Drive North Hero, VT

$850,000
Acres 9.90
Photo of 1088 Lakeview Drive North Hero VT 05474




Description

Kings Bay Campground, a fully operational RV resort situated on a nearly 10 acre lot overlooking Lake Champlain's Kings Bay! Established 50+ years ago and family owned since, this North Hero staple sitting on over 1000' of waterfront is ready for new owners. This spacious property features 27 full service RV sites w/ water, septic, & individually metered power hookups, several more with water/power hookups, as well as space for off-grid RV & tent sites. Town water and 3 on site bathhouses, 2 with hot showers, afford guest conveniences while an old cabin could be rehabbed into a cottage or office. Guests can enjoy easterly lake and mountain views with direct access to all the recreational opportunities this beautiful lake and setting has to offer! With current seasonal rates being of the "family & friends" nature extended to many long terms guests, there's tons of potential to increase revenues via weekly and daily fares. Meanwhile direct shoreline access w/ an onsite boat launch, docks, moorings, & ample space for boat/trailer parking adds additional income potential via dock/boat rentals and loads of other possible value add recreational amenities! Situated just over a mile from rt 2 and convenient to area recreation, restaurants & public boat launches this location is as good as it gets. Take advantage of this unique opportunity to be the next steward of this charming resort and put your spin on a quintessential business bursting with potential in the Champlain Islands!


Listed by Flex Realty, Flex Realty Group & Elliot Rocheleau

Details

MLS 5015712
Price $850,000
Status Active
DOM 79 days
Type Commercial
Lot Size 9.90 acres
Taxes Paid $11,084

Lot & Building Features

Utilities Other
Construction Wood Frame, Wood Siding
Cooling None
Heating None
Parking Description Off Street, Unpaved, RV Access/Parking, On-Site
Sewer On-Site Septic Exists, Septic, Private
Tax Year 2024
Taxes Paid $11,084
Water Community, Public Water - On-Site, Public
Foundation Post/Piers
Lot Description Lake Access, Wooded, Wetlands, Waterfront, Water View, Rental Complex, Recreational, Lakes, Lake View, Lake Frontage
Roof Shingle - Asphalt

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Financing

$
20%
1.3040423529412%
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.


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