78 Cream Hill Road, Mendon, VT, 05701 | $1,374,000

There’s nothing like it! This historic 1840’s farmhouse-turned-inn has been hosting guests ever since its conversion in 1940. This traditionally beautiful property features 16 uniquely decorated guest suites, 50 seat restaurant with a commercial kitchen, additional outdoor patio seating, and an adjoining pub. Plus, you can live on-site in the spacious 3-bed, 2-bath inn-keeper's apartment. As for the shared common spaces, you’ll find a cozy lobby with an attached split-level sun porch, in-ground seasonal pool, outdoor grill and fire pit, porch with a hot tub located off of the fitness center, an indoor steam sauna, 24/7 beverage center, game room, and library. The property currently sits on 5. 1 acres and has a level lot with ample parking area. Located behind the inn is another 2. 5 acre wooded/undeveloped lot that conveys with the sale. The potential for expansion is there! Already on the Alpine Pipeline, the inn is permitted for 10 ERUs, making it so you could almost double the capacity. The 16 suites are currently averaging $200 per night, making the potential estimated annual income just over $800, 000 (at 70% occupancy). Operating expenses are around $200, 000 thus far in 2025 with only lodging and continental breakfast being offered. This is a well-known location for weddings and retreats and could become another well-established restaurant servicing the Killington/Pico/Rutland area once again. In-person showings are by APPOINTMENT ONLY.

Features

  • Amenities: Exercise Facility,Playground
  • Units: 18
  • Style: Farmhouse
  • Year Built: 1840
  • Heating: Propane,Oil,Baseboard,Heat Pump,Individual,Mini Split
  • Cooling: Individual,Mini Split
  • Basement: Bulkhead,Unfinished,Exterior Access
  • Approx Sq. Feet: 10,398
  • Acreage: 5.1
  • Est. Taxes: $11,901
  • Lot Desc: Alternative Lots Avail,Corner,Country Setting,Level,Major Road Frontage,Mountain View,Recreational,Secluded,Ski Area,Trail/Near Trail,View,Wooded,In Town,Near Golf Course,Near Paths,Near Shopping,Near Skiing,Rural,Near Public Transportatn
  • MLS#: 5062511
  • Website: https://www.raveis.com
    /prop/5062511/78creamhillroad_mendon_vt?source=qrflyer
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Listing courtesy of Real Broker LLC   Phone: 855-450-0442
Listing Agent: Kathryn Zambon

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NMLS Mortgage Loan Originator ID 793093

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78 Cream Hill Road, Mendon, VT, 05701

$1,374,000

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

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,099,200 $1,099,200 $1,099,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.125% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.246% 6.110% 5.932%
Monthly Tax Payment $992 $992 $992
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,985 $6,590 $9,128
Total Monthly Payment $7,102 $7,707 $10,245

* 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.