Carmi Lake Homes under $500,000

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Newest Carmi Lake Homes under $500,000

$429,000

3 Beds ⋅ 2 Baths ⋅ 5095491 MLS

76 Tanner Junction Road, Franklin, VT – Turnkey Lake Carmi Waterfront Retreat with Exceptional Rental History Enjoy the ultimate Vermont lakefront lifestyle with this fully furnished 3-bedroom, 2-bath home offering 1,440 square feet of comfortable living space and an impressive 180 feet of private frontage on beautiful Lake Carmi. Whether you're seeking a personal getaway or investment property, this turnkey waterfront retreat is ready to be enjoyed from day one. The home features a spacious screened-in porch and a large lakeside deck, creating the perfect spaces to relax, entertain, and take in stunning water views. Included in the sale are the furnishings, docks, kayak, and grill and outside furniture allowing you to immediately enjoy all that lake living has to offer. A detached shed provides convenient storage for outdoor equipment and seasonal gear. The property also benefits from a strong Airbnb rental history, making it an attractive opportunity for buyers interested in generating rental income. An added bonus is the leasehold interest encompassing six 60' x 60' lots, providing ample space and flexibility within this unique Lake Carmi setting. Rarely does a property offer this combination of waterfront enjoyment, turnkey convenience, and income potential. Don't miss your chance to own a piece of Lake Carmi and start making memories immediately.

76 Tanner Junction Rd, Franklin

$364,000

3 Beds ⋅ 2 Baths ⋅ 5076707 MLS

Only a few steps from the community boat launch and private lakefront sits this year-'round residence! Turn-key 1,728 SqFt 3 bed, 2 bath ranch checks all the boxes - waterfront, one level living, spacious 3-car garage for storage and hobbies, new roof, new wrap around deck with handicap ramp, and breathtaking sunset views over the delightful Dewing Shore of Lake Carmi. Owner improved the home so it's cozy all year, including a mini split system, providing electric heat and AC, with forced-air oil heat for deep winter months. Large 4-lot property has a flat yard for games and camp space for friends. Plenty of room for lawn toys, grilling space, hammock, camper, and sports. 15' private lakefront; install your dock and take out your kayaks and boat for a grand adventure everyday. Fishing includes perch, walleye, catfish, sunfish, bass, & pike. Expansive deck is one of the best places to bask at the sunsets over the waterfront. Being off the beaten path, and with most surrounding properties being seasonal, there's low traffic in this neck of the woods. Great for biking and long walks! Incredible ice fishing in the wintertime! You'll love how the layout of the interior space flows - with an open concept living, kitchen, and dining room, you'll be able to mingle while preparing meals. Large, abundant windows along the lake-side provide water views from any of these spaces. On the other side of the entryway sits a bonus room, currently an office, which could be a game room, leading way to the 3 bedrooms & 2 bathrooms. Spacious primary en-suite is fitted with a step-in shower, separate soaking tub, and double sinks. Property is a dream come true for buyers seeking a peaceful country vacation or your next home sweet home. Drilled well and pvt septic. Newly graveled driveway. Home is on a slab & has only had one owner, so qualified buyers may be eligible for low or 0% down mortgage, & *bonus* - landowners have interest in selling the land to those that prefer not to lease.

427 Dewing Rd, Franklin

$325,000

3 Beds ⋅ 1 Baths ⋅ 5038172 MLS

Purchase your own piece of Vermont paradise with this turn-key lakefront property! This cottage combines the rustic charm of a cabin with the updates of a well-maintained newer home. Sold completely furnished with everything you’ll need. Located on the north-east area of the lake with amazing sunset views. Enjoy a large yard, a fire pit area, generously sized matching shed with power, ample parking, lakeside deck and bar, and a large dock system. High-speed fiber internet; work from home! A shared drilled well is the water source, not lake water. Since purchasing in 2017, major improvements have been made including: rebuilding the entire front and installing larger custom windows, outlets and insulation, new appliances, an upgraded electrical panel, new plumbing throughout, a new septic tank, new flooring in several rooms, and 2 new Rannai heaters and gas lines. It was used exclusively by the seller’s family for 5 years after purchasing in 2017, then became a successful rental in 2023. Sellers have not accepted rentals since July 2025. It’s been vacant and unused, ready for a new family to enjoy! In October 2026 a $32,000 lift raised the house 3' off the ground along with added structural support underneath. (4) 10' frost walls, (5) 5' frost posts, and 8 block piers with footings ensures this house to be solid and permanently in place! In 2025 the State of VT applied an alum treatment to the lake to help alleviate algae blooms. Lake residents report clear water for the entire 2026 season! This camp needs to be winterized (water drained from the pipes) each year. It CAN be enjoyed during all 12 months, as it stays very warm inside with the new heaters. After the water is drained for the winter, you’ll bring your drinking water in and use a camper toilet or outdoor portal. The town will not allow the property to be used as a full-time residence. Leased land you can treat AS YOUR OWN for 99 years. $1000/year, increasing 25% every 5 years. Agent interest.

287 Dewing Rd, Franklin

$99,900

1 Beds ⋅ 1 Baths ⋅ 5060520 MLS

It’s always a great time to enjoy your own 3season retreat,possibly longer with the gas heater, added insulation,and great neighbors! Wake to the call of morning birds in this charming camp with lake views and leased ROW access to Lake Carmi, just a short and easy walk away. Perfect for kayaking, canoeing, fishing, or simply relaxing by the water. Set on a spacious leased lot (lease runs through August 2093), the property offers plenty of room for parking at least three vehicles, plus space for lawn games, campfires, BBQs, and gatherings. Inside, you’ll find excellent kitchen storage and a lovely enclosed porch for peaceful mornings or tranquil evenings. The attached shed could be converted into extra sleeping space (pending permits). Recent upgrades include tongue and groove walls and ceilings, a new roof, updated electrical, water heater, gas heater, and a composting toilet making this a move in ready . A potting shed and flower garden area add to the charm. All the buildings could be moved to another location as both the original camp, the addition and the shed could become tiny homes with some adjustments .This fabulous camp sits at the intersection of one of the most sought after Lake Carmi neighborhoods: Hammond Shore and Dewing Road.Very Motivated Seller Make an Offer !

35 Hammond Shore Rd, Franklin

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