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545 South Prospect Street #35, Burlington, VT, 05401

2beds
3baths
1,566sqft
$950,000
$607price/sqft
$6,370/moest. monthly cost
$254,800/yrincome needed

About This Home

Welcome to the coveted Overlake community in Burlington—where refined living meets an exceptional location. Ideally situated just moments from University of Vermont, UVM Medical Center, downtown Burlington, the shores of Lake Champlain, and within walking distance to Burlington Country Club, this residence offers effortless access to the very best of the area. Enter through the private courtyard of Unit #35, where a thoughtfully reimagined landscape by a local architect features stone pathways, curated perennial gardens, and new decking, creating a warm and inviting first impression. Inside, the home has been completely transformed under the direction of the current owner/contract designer. The expanded chef’s kitchen showcases custom cabinetry, high-end appliances, and opens seamlessly to the dining and living areas, perfect for entertaining. New west-facing windows frame filtered views of Lake Champlain and the Adirondacks, while filling the space with beautiful afternoon light. The primary suite is a serene retreat with new flooring and a spa-like bath featuring a walk-in shower and soaking tub. Thoughtful details, including designer wallpaper and classic glass door knobs, add understated elegance. A second bedroom and bath offer comfort for guests, while a main-level office provides ideal work-from-home flexibility or a cozy den. Recent upgrades include new mini-split systems for efficient heating and cooling, a new water heater, full electrical panel replacement with updated wiring, and an EV charger in the detached garage. Residents enjoy an inground pool and tennis courts, with golf just around the corner. A rare turnkey opportunity—simply move in and relax.

Getting Around

29
WalkingCar-Dependent
31
TransitSome Transit
51
BikeBikeable

Schools

7/10
Edmunds Elementary SchoolGrades PK-50.7 mi
7/10
Edmunds Middle SchoolGrades 6-80.7 mi
7/10

Construction

Condition

  • Year built: 1982

Materials

  • Foundation: Concrete
  • Roof: Asphalt Shingle
  • Construction materials: Wood Frame,Clapboard Exterior

Type & Style

  • Home type: Townhouse
  • Property subType: Condominium,Townhouse

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Range Hood,Electric Range,Refrigerator,Washer,Tankless Water Heater

Basement

  • Has basement: Yes
  • Basement: Concrete Floor,Full,Storage Space,Unfinished,Interior Access,Basement Stairs,Interior Entry

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 1
  • 3/4 bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Dining Area,Hearth,Living/Dining,Primary BR w/ BA
  • Flooring: Carpet,Hardwood,Tile
  • Fireplace features: Gas
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,566

Heating & Cooling

  • Heating features: Baseboard,Electric,Mini Split
  • Cooling features: Mini Split

Interior Area

  • Total structure area: 2,409
  • Total interior livable area: 1,566 sqft

Property

Accessibility

  • Accessibility features: 1st Floor 1/2 Bathroom,1st Floor Hrd Surfce Flr,Bathroom w/Step-in Shower,Bathroom w/Tub,Paved Parking

Details

  • Parcel number: 11403519141
  • Zoning description: Residential

Features

  • Levels: Two
  • Stories: 2
  • Private pool: Yes
  • Pool features: In Ground
  • Patio & porch: Covered Porch
  • Exterior features: Deck,Garden
  • Fencing: Full
  • Has view: Yes

Lot

  • Features: Condo Development,Landscaped,Trail/Near Trail,Views,Near Country Club,Near Golf Course,Near Paths

Parking

  • Total spaces: 1
  • Parking features: Shared Driveway,Paved,Auto Open,Driveway,Garage,Visitor,Detached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Ice Storm
Lightning
Strong Wind
Winter Weather
Cold Wave
Earthquake
Heat Wave
Inland Flooding

FEMA Declared Disasters Across Vermont Counties

Flood
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,803$57,636
Home Insurance $173$2,076
Property Taxes $1,140$13,680
Electricity $254$3,053
Total$6,370$76,440

Income You'd Need if You Spent...

35% on housing$218,400/yr
40% on housing$191,100/yr
45% on housing$169,866/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.7%
5.7%
0%30.0%
Electricity Growth Rate10-year average: 7.6%
7.6%
0%15.0%
Property Taxes Growth Rate2-year average: -1.7%
-1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$607This listing

vs Other Active Listings

Avg $/sqft

ZIP 05401$284
Chittenden County$263

vs Homes Sold Last Month

Median $/sqft

ZIP 05401$396
Chittenden County$270

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-13Listed for sale$950,000
2018-05-30Sold$425,000
2018-02-16Listed for sale$435,000
2004-06-23Sold$317,850

For Sale by Agent

AgentMary P Palmer
BrokerageFour Seasons Sotheby's Int'l Realty

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