373 Calef Highway, Lee, NH, 03861 | $1,900,000

Super-sized lot, available for the first time ever.   This 125. 37 acre parcel in desirable Lee is comprised of five separate but adjoining lots.   There is river frontage on the beautiful Little River, and lots of woods to roam.   The acreage would be perfect for a single mega-homesite or for a developer to build multiple homes, with the proper permitting.   Light commercial use might be possible as well, with a variance, as the property is currently zoned for residential use. Further subdivision could be a possibility as well. The lot has a gravel driveway with a metal gate, as well as a cleared area with a little pond.   There are also a few shed type structures, as well as a small gated area with a cell tower.   The tower is maintained by SBA Communications, which has a permanent easement.   The company pays a significant amount of the property taxes too, which is a great bonus.   The other four lots are in Current Use. This acreage also boasts a terrific commuter location, as well as having good proximity to the Seacoast.   View this very special property today.

Features

  • Zoning: 01-RES
  • Frontage: 3040
  • Lot Desc: Near Shopping,River Frontage,Timber,Wooded,Near School(s)
  • Elem. School: Mast Way School
  • Middle School: Oyster River Middle School
  • High School: Oyster River High School
  • School District: Oyster River Cooperative
  • MLS#: 5063226
  • Website: https://www.raveis.com
    /prop/5063226/373calefhighway_lee_nh?source=qrflyer
©2026 New England Real Estate Network, Inc. All rights reserved.This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 4/4/2026
Listing courtesy of Exp Realty   Phone: 888-398-7062
Listing Agent: Kristin Grenon

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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373 Calef Highway, Lee, NH, 03861

$1,900,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,520,000 $1,520,000 $1,520,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 5.875% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.069% 5.984% 5.806%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,394 $8,991 $12,521
Total Monthly Payment $8,519 $9,116 $12,646

* 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.