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Shoreacres, Burlington
$1,699,900
100' 180' in Shoreacres. Opportunities with this kind of scale and presence simply do not come along every day. Nestled just north of Lakeshore Road and south of New Street in the coveted Tuck & Nelson school district and just moments from the lake, this 18,000 sq. ft. private parcel is the ultimate South Burlington canvas. Whether your vision is to craft a sprawling custom luxury estate complete with a multi-car garage and dream resort backyard, or execute a visionary whole-home transformation, the potential here is extraordinary. The existing home and in-ground pool are being sold in as-is, where-is condition. Prime location, unmatched lot depth, endless possibilities.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $8,701
- Property tax
- $698
- Heat allowance
- $150
- Housing costs
- $9,549 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$294,000
gross annual household income
- Payment at 4%
- $7,153 / mo
- Cash down
- $339,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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