Listed by Darcy Handy • RE/MAX North Professionals.
Pending
$574,900
Est. $3,799/mo —
2
bd
•
2 ba
•
2,442
sq ft
440 Mills Point Rd, Colchester, VT 05446
About this home
Enjoy the Lake Champlain lifestyle without the price of direct owned waterfront. This spacious 2017 home offers lake views, private beach access, an included boat mooring, an oversized 2 car garage and more than 2400 square feet of flexible year round living space near the Colchester Causeway. Enjoy boating, kayaking, paddleboarding, swimming, fishing, cycling, and year-round recreation, all just minutes from Burlington, UVM Medical Center, shopping, dining, and schools. The open-concept main level features a chef's kitchen with quartz countertops, stainless steel appliances, a large center island, and spacious living and dining areas that open to a covered porch with Lake Champlain views. A first-floor bedroom and full bath offer flexible living, while the oversized two-car garage provides exceptional storage. Upstairs, the loft is ideal for a home office or additional living space. The finished walkout lower level includes a family room, bedroom, full bath, and bonus room perfect for a gym, hobby room, or playroom. Outside, enjoy a private backyard with an outdoor bar, fire pit, raised garden beds, and room to relax after a day on the lake. Additional features include a new on-demand hot water system (2026), whole-house Generac generator, energy-efficient heat pump for heating and cooling, central vacuum, premium Inspired Closets systems, and hardwood flooring throughout. Whether you're looking for a year-round home or a vacation retreat, 440 Mills Point Road offers an affordable opportunity to enjoy the Lake Champlain lifestyle.
Malletts Bay, located between Colchester Point and the Winooski River delta, is a lakeside and residential Burlington neighborhood with a working-marina shoreline and pocket beaches. The neighborhood’s character concentrates around the Malletts Bay Boat Club and the adjacent causeway path, where sail masts, launch ramps, and shoreline walkers set the tempo. Low-slung lake cottages mix with newer townhomes on curving roads that follow the bay’s coves. Bayside Park frames daily routines with a boat launch, picnic lawns, and long lake views. The vibe stays outdoorsy, with paddlesports and sunset watching shaping the calendar. Nearby, the Winooski Causeway adds a long, linear promenade across open water.
Provided by Walk Score and Local Logic
Market insights
440 Mills Point Rd · $574,900
DAYS ON MARKET
79 days
The average home goes pending in 22 days.
SALE-TO-LIST
99.5%
Most homes are selling 1% below list price.
LIST PRICE
$574,900
Median sale price in this area is $632,924. (10% higher than this home)
PRICE DROP
3 price drops
23% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Six total rooms
Finished, climate-controlled, full basement with daylight windows and interior walkout access
Bathrooms
One full bathroom
One three-quarter bathroom
Kitchen
Dishwasher
Gas range
Microwave
Refrigerator
On-demand (tankless) water heater
Laundry & utility
Washer
Dryer
Flooring
Carpet
Vinyl
Wood
Heating & cooling
Heat pump
Wall furnace
Mini-split cooling
Exterior features
Beach access (shared-private), beach rights and boat launch nearby
Lake access with indirect access across a street
Lake and water views (Lake Champlain)
Landscaped grounds
Trails and nearby walking paths
Scenic views
Home design
Cape-style home
Existing construction
Built in 2017
Parking
Detached or attached garage with space for 2 cars
Paved driveway
Construction
Vinyl siding with wood frame construction
Asphalt shingle roof
Full finished basement (walkout)
Utilities
Public water
Septic system
Circuit breaker electrical service (GMP)
High-speed internet available (cable)
Cable service (Comcast)
Phone service (Comcast, Verizon)
HOA & community
Annual association fee of 250 (covers plowing)
Association amenities include beach access/rights, boat launch, common acreage, and snow removal
Electricity and solar
View estimated energy costs and solar savings for this home
Cottage in Mills Point with great potential. Priced to sell. Screened porch, beach rights, and year round lake access. Leased land through HVL. CLA for lease agreement. Lease $3,073/year. Road fee $20/year. Lease tax $213/year. New lease as of this year. Mills Point Association $85/year.
Year
Property tax
Land + Additions
Assessment*
2025
$4,925 (+2.4%)
2024
$4,810 (+15.1%)
2023
$4,179 (−25.2%)
2022
$5,588 (−2.0%)
2021
$5,702 (+1.4%)
2020
$5,624 (+1.7%)
2019
$5,528 (+1.7%)
2018
$5,438 (+221.9%)
2017
$1,689 (−39.8%)
2016
$2,806 (+2,199.9%)
2011
$122
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
42.55 Acres
Year renovated
—
Finished Sq. Ft.
1,434
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,434
Year built
2017
Style
Single Family Residential
County
Chittenden County
APN
15304822648
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
R1
Residential One District
A Residential One District is hereby formed in order to encourage low density single-family residential uses. This district is located in areas that are transitioning from rural residential to suburban residential. Any use not expressly permitted is prohibited, except those that are allowed as conditional uses.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Bed & breakfast
Recreation
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 94° expected this year, 15 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Colchester, VT • 05446
Average low and high temperatures (°F)
26
14
27
10
44
26
54
37
63
48
75
59
80
64
78
59
72
55
60
45
45
34
32
19
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 15% for direct sun exposure in Colchester. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.8 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 440 Mills Point Rd
$560,974
$14K under list price of $575K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $504K to $861K.