REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

Jul

Fri

Jul

Sat

Jul

Claire Davis

[email protected] +1(410) 991-0380

Listed by Tim O. Dudley • Dudley Auctions Inc

$ 450,000

Est. payment -/mo

Save

New

936 OLD FERRY RD Grimstead, VA 23064

4 Beds

2 Baths

2,001 SqFt

UPDATED:

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

Claire Davis

Advisor | License ID: 676497

+1(410) 991-0380

GET MORE INFORMATION