Land at 373 Calef Highway, Lee
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$1,400,000

Under contract
373 Calef Highway
Lee, NH 03861
Listed by Kristin Grenon · EXP Realty
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

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.

Highlights

Waterfront

Property details

MLS
Prime MLS
MLS #
5063226
Property type
Land
Subdivision
N/A
Status
Under contract
Days on market
247
On market date
N/A
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
125.37 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Mast Way School
1.47 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
323
Student:teacher ratio
12.9:1
District
Oyster River Coop School District
Middle
Newmarket Jr.-Sr. High (Elem)
5.36 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
237
Student:teacher ratio
11.3:1
District
Newmarket School District
High
Newmarket Jr.-Sr. High School
5.36 mi away · Grades 9-13
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
270
Student:teacher ratio
9.3:1
District
Newmarket School District

Walkability

Blended score for Lee's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

19
Very car-dependent
out of 100
EPA National Walkability Index
5.5 / 20 -- Least walkable
Google Places amenity density
5 / 100
Restaurants & cafes0
Grocery stores0
Parks1
Schools0
Transit stops0
Pharmacies0

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$8,581/mo
$280,000 down
$1,120,000 loan
Principal & interest$7,264
Property tax (est.)$1,167
Home insurance (est.)$150

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Copyright 2026 PrimeMLS. 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 PrimeMLS. 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 07/26/26.