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    Mountain Buildable Home Lot Title is generated by Realmo AI

    Boyce Road lot 3, Fayston, VT 05660

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    Claim this Listing
    For Sale
    $295,000

    LAND - Fayston, VT

    Lot size:
    3.50 Acres
    Added:
    Oct 31, 2023
    Days on Market:
    948
    Last Refresh:
    Jun 4 at 1:06 pm

    Property Features for Boyce Road lot 3

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Lot size
    3.50 Acres

    We can help!

    Listing Contact
    Kristen Rosfeld

    Listing agent Kristen Rosfeld

    Listing office KW Vermont-Stowe 1056 Mountain Rd., South Burlington, VT

    Listing date Oct 31, 2023

    MLS# 4976147 Listing URL

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two permitted parcels for a custom home in Vermont’s Mad River Valley.
    • Parcel A: 2.5+/- acres permitted for a 4‑bedroom home.
    • Parcel B: 3.5+/- acres permitted for a 5‑bedroom home.
    • Parcels may be purchased separately or combined for a larger mountain estate.
    • Wooded, private setting positioned away from the road.
    • Close to Mad River Glen and Sugarbush for skiing and four‑season recreation.

    Overview

    This offering includes buildable residential land in Fayston, Vermont with a private, wooded setting. The property is positioned away from the road, designed to support a quieter mountain feel. Two nearby trailheads provide year-round outdoor recreation, and the land is suitable for a bespoke home based on the permitted parcel approvals described in the listing.

    Two permitted parcels are available: one is approved for a 4-bedroom home on 2.5+/- acres, and the other is approved for a 5-bedroom home on 3.5+/- acres. Parcels may be purchased separately or combined, allowing flexibility for buyers who want either a single residence footprint or a larger refined mountain estate. The listing also notes proximity to the Mad River community and access to skiing and four-season activities near Mad River Glen and Sugarbush.

    For buyers looking to plan a custom residence, these permitted parcel options provide clear bedroom targets and the ability to size the home plan to fit the purchase choice. With residential zoning in place and the parcels described as available for separate purchase or combination, this land can support either a focused build or a larger home site while keeping the property experience centered on privacy and natural surroundings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fayston
    County
    Washington
    State
    Vermont
    Longitude
    -72.8500691
    Latitude
    44.2432765

    Nearby Similar for Sale

    • $425,000

      Private Land Adjacent to Forest

      Private 20.57-acre land parcel near conserved forest in Fayston, VT.
      000 Rabbit Run, Fayston, VT 05673
      View Details
    • $210,000

      Wooded Mountain Home Lot

      Residential-zoned wooded lot set back from the road, offering permitted options for single-family mountain living.
      Boyce Road lot: 4, Fayston, VT 05660
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residentially zoned, wooded lot with permitted build plans for a custom mountain residence.
    Where is this residential land & home lot located?
    The property is located at Boyce Road lot 3 Fayston, VT.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Two permitted parcels for a custom home in Vermont’s Mad River Valley.; Parcel A: 2.5+/- acres permitted for a 4‑bedroom home.; Parcel B: 3.5+/- acres permitted for a 5‑bedroom home.
    (802) 654-8500
    We can help!
    Listing Contact
    Kristen Rosfeld
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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