Burlington

Vermont has many properties on the market in the $20 million range.

Vermont currently has an “unprecedented” range of ultra-luxury properties on the market, according to Geoffrey Wolcott, who specializes in high-end real estate for Four Seasons Sotheby’s International Realty in Stowe.

Wolcott cites four such properties, one of which, in Stowe, he is representing:

  • Star Hill Farm in South Woodstock − $18 million.
  • Red Road Farm in Morristown − $20 million.
  • 2575 Weeks Hill Road in Stowe − $20 million.
  • Grosse Point in Ferrisburgh − $26.2 million.

Wolcott said that from January 2020 to date there have been 18 multi-million-dollar residential home transactions closed in Vermont, ranging from $5,250,000 to $33,753,317.

There's room to run at the Morristown property.

“While there is seemingly an insatiable appetite for the Vermont lifestyle experience, homes trading at above the $10 million price point inherently continue to be the rare exception,” he said. “And yet there are buyers that step up to the plate with good offers on properties of this magnitude. As always, ‘good’ is in the eyes of the beholder and even strong purchase offers not found to be compelling enough for the seller are declined.”

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Hi, I’m peter kenzeky

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