936 OLD FERRY RD new to site Save Request In-Person Tour Request Virtual Tour
Grimstead,VA 23064
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,001 sqft
Price per Sqft $224
Subdivision Gwynn'S Island
MLS Listing ID VAMH2000104
Style Cape Cod
Bedrooms 4
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 2,001
Year Built 1953
Annual Tax Amount $4,275
Tax Year 2024
Lot Size 1.040 Acres
Acres 1.04
Property Sub-Type Detached
Source BRIGHT
Property Description
Subject to online sale ending August 7 at 3:00 PM. List price is the opening offer amount and may not reflect the final sales price. Property tour is scheduled for July 2nd at 2:00 PM. Seller is considering presale offers. This extraordinary 1.045-acre waterfront parcel represents a once-in-a-lifetime opportunity to secure premium Chesapeake Bay frontage on Virginia's coveted Gwynn's Island—known as the "Jewel of the Middle Peninsula." With its protected location on Hills Bay and unobstructed western exposure, the property delivers breathtaking sunset views 365 days a year. The existing 2,001 sq ft home (built in 1953, updated in 2024) offers immediate rental income while you design your custom waterfront estate. This well-maintained residence features 11'+ ceilings, updated systems, and proven rental history, making it an ideal turnkey investment. When you're ready to build, you'll have over an acre of pristine waterfront with potential for expansive decks, floor-to-ceiling windows, and private deep-water access for boating. A concept house plan is available to inspire future builds. Accessible only by swing bridge, this exclusive island community of approximately 600 residents offers rare privacy and charm. The protected waters of Hills Bay are perfect for kayaking, fishing, and swimming while offering direct access to the main Bay. Conveniently located just 60 minutes from Williamsburg and Yorktown, 60–90 minutes from Richmond, Norfolk, and Virginia Beach, and 3 hours from Washington DC. The parcel features 200'+ of waterfront, hardwood floors under the carpet, two pull-down attic spaces, an exterior storage shed, R7-One Family Residential zoning, and mature landscaping for added privacy. Mathews County, known as the “Pearl of the Chesapeake,” offers over 200 miles of shoreline and strong year-round rental demand. Gwynns Island combines exclusivity, lifestyle, and investment potential, making this an extraordinary opportunity to own a rare piece of Virginia's most prestigious waterfront community.
Location
State VA
County Mathews
Zoning R-1
Rooms
Basement Partially Finished
Main Level Bedrooms 2
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Hardwood,Tile/Brick
Heat Source Electric
Exterior
Waterfront Description Private Dock Site,Rip-Rap
Water Access Y
Water Access Desc Swimming Allowed,Boat - Powered,Canoe/Kayak,Fishing Allowed,Personal Watercraft (PWC),Private Access,Seaplane Permitted
View Bay,Scenic Vista,Water
Roof Type Composite
Accessibility None
Garage N
Building
Story 2.5
Foundation Slab
Sewer Septic = # of BR
Water Well
Architectural Style Cape Cod
Level or Stories 2.5
Additional Building Above Grade
Structure Type Plaster Walls,Dry Wall
New Construction N
Schools
Elementary Schools Lee-Jackson
Middle Schools Thomas Hunter
High Schools Mathews
School District Mathews County Public Schools
Others
Senior Community No
Tax ID 11A3-5-4
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Auction