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$1,900,000 -$100,000 (-5%) Price Reduced
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Property Description
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.
Full Property Details
Full Property Details for 373 Calef Hwy
General
- Price: $1,900,000
- Taxes: $8,285 (2024)
- Status: Active
- Type: Lots/Land
- Source: PrimeMLS
- MLS ID: 5063226
- Updated: 1/17/2026
- Added to Site: 112 day(s) ago
Location
- County: Strafford
- Driving Directions: From the Lee Traffic Circle, take Route 125 (Calef Highway) south until you reach the Lee USA Speedway on your right. The property is located across the road from the speedway. There is a metal gate on site, and a driveway to access the lot. Sign on property.
- Location Details: Near Shopping, River Frontage, Timber, Wooded, Near School(s)
- Total Lots Available: 5
School Information
- School District: Oyster River Cooperative
- Elementary School: Mast Way School
- Middle School: Oyster River Middle School
- High School: Oyster River High School
Utilities
- Sewer: On-Site Septic Needed, Private
Lot Features
- Lot Size (Acres): 125.37
- Lot Size (Sq. Ft.): 5,461,117
- Frontage: Yes
- Frontage Feet: 3040
- Zoning: 01-RES
Water Features
- Water Front: Yes
- Water Front Type: River
Financial Considerations
- Price Per Sq. Ft.: $15,155
- Tax Amount: $8,285
- Tax Year: 2024
Disclosures and Reports
- Surveyed: Yes
- Lot Number: 3, 3-1, 9, 9-1, 12
Listed by EXP Realty, Kristin. Grenon
Get Pre-Approved Today
Schools
Schools serving 373 Calef Hwy
School District:Oyster River Cooperative School District
| Name | Grades | Distance |
|---|---|---|
Mast Way School 23 Mast Road, Lee, NH 03861 | K-4 | 1.3 mi |
Oyster River Middle School 1 Coe Drive, Durham, NH 03824 | 5-8 | 5.7 mi |
Oyster River High School 55 Coe Drive, Durham, NH 03824 | 9-12 | 6.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 373 Calef Hwy
Date
Details
Price
Change
Source
1/17/2026
Price Reduced
$1,900,000
-5%
MLS
9/26/2025
Listed
$2,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 373 Calef Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,354
-2%
$285,367
-10%
2023
$7,510
8%
$317,800
—
2022
$6,922
—
$318,682
—
2021
$6,938
22%
$318,682
79%
2020
$5,682
1%
$178,346
—
2019
$5,616
3%
$178,346
—
2018
$5,452
2%
$178,346
—
2017
$5,352
2%
$178,744
-1%
2016
$5,263
7%
$179,928
7%
2015
$4,902
-2%
$167,573
-1%
2014
$5,026
-4%
$169,224
-3%
2012
$5,247
—
$175,267
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 373 Calef Hwy
373 Calef Highway, Lee, NH 03861 (MLS# 5063226) is a Lots/Land property with a lot size of 125.37 acres. 373 Calef Highway is currently listed for $1,900,000 and was received on September 26, 2025. Want to learn more about 373 Calef Highway? Do you have questions about finding other Lots/Land real estate for sale in Lee? You can browse all Lee real estate or contact a Coldwell Banker agent to request more information.

