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1088 Lakeview Drive, North Hero, VT, 05474 | $850,000
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!
Features
- Zoning: Shorelands District
- Lot Desc: Lake Access,Lake Frontage,Lake View,Lakes,Recreational,Rental Complex,Water View,Waterfront,Wetlands,Wooded,Beach Access
- Water Front: Yes
- Elem. School: Grand Isle School
- Middle School: Grand Isle School
- High School: Choice
- School District: Grand Isle School District
- MLS#: 5015713
- Website: https://www.raveis.com
/prop/5015713/1088lakeviewdrive_northhero_vt?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. 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 11/6/2024Listing courtesy of Flex Realty Phone: 802-399-2860
Listing Agent: Flex Realty Group
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 793093
203.415.2989
Brian.Skelly@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1088 Lakeview Drive, North Hero, VT, 05474
$850,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Brian Skelly
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $680,000 | $680,000 | $680,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,914 | $4,298 | $5,738 |
| Total Monthly Payment | $4,006 | $4,390 | $5,830 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484