$598,000

5061 Bay Colony Chincoteague Island, VA 23336

Chincoteague Neighborhood

Estimated payment $3,358/month

Total Views 30,117
3 Beds
2 Baths
1,540 Sq Ft
$388 Price per Sq Ft

Highlights

  • Water Views
  • Beach House
  • No HOA
  • Deck
  • Main Floor Bedroom
  • Screened Porch

About This Home

You will LOVE the VIEWS! You can enjoy a Magnificent View of Chincoteague Bay from 5 different areas of this Beautiful Single-Family Home. This spectacular Home is move-in ready for you featuring Stainless Steel appliances, new paint and new decking. Lovingly used as a second home, this 3-bedroom residence includes 2 full bathrooms to comfortably accommodate family and guests. Step inside to find a bright, open concept living space that flows effortlessly onto a generous porch and wrap around decks where you can relax and savor the salty mist with sights and sounds of island life. Most Furnishing convey, Plus, it sits on a very nice .32 acre lot. Here is Your Dream Beach Home! A must see home!

Listing Agent

Linda W. Budd Assoc. Broker, Gri,Abr

OCEAN EAST REALTY Brokerage Phone: 7573362222 License #0225055153 Listed on: 06/06/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,062

Year Built

  • Built in 2003

Lot Details

  • 0.32 Acre Lot

Home Design

  • Beach House
  • Block Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,540 Sq Ft Home
  • 2-Story Property
  • Bar
  • Sheet Rock Walls or Ceilings
  • Double Pane Windows
  • Window Treatments
  • Dining Area
  • Screened Porch
  • Water Views
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Driveway
  • Open Parking

Outdoor Features

  • Deck
  • Shed

Schools

  • Chincoteague Elementary School
  • Chincoteague Combined Middle School
  • Chincoteague Combined High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Chincoteague Subdivision

Listing and Financial Details

  • Tax Lot 14-D
  • $466,700 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,062

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.32
  • Lot Size: .32
  • Road Surface Type: STONED
  • Subdivision Name: Chincoteague
  • Directions: From Bridge turn left on Main St turn left on Bay Colony. Home on right sign on property.
  • Architectural Style: Beach House
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2003
  • Attribution Contact: 7573362222
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater, Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Location: -
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Tile
  • Interior Amenities: 1st Floor Bedroom
  • Living Area: 1540
  • Window Features: Window Treatments, Double Pane Windows
  • Dining Room Features: Dining Area, Bar

Exterior Features

  • Lot Features: <.5 acre +/-
  • View: Water
  • View: Yes
  • Construction Type: Vinyl Siding, Sheetrock
  • Foundation Details: Crawl Space, Block
  • Other Structures: Shed/Barn
  • Patio And Porch Features: Screened, Deck
  • Property Condition: 15-30 yrs +/-
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: No Garage, Driveway

Utilities

  • Laundry Features: Washer/Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Heat Pump, Central Air
  • Cooling Y N: Yes
  • Heating: Heat Pump, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

  • Elementary School: Chincoteague
  • High School: Chincoteague Combined
  • Middle Or Junior School: Chincoteague Combined

Lot Info

  • Lot Size Sq Ft: 13939.2
  • Farm Land Area Units: Square Feet
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 2062
  • Tax Book Number: 2016 01977
  • Tax Lot: 14-D
  • Tax Map Number: 31B1-14-D
  • Tax Other Annual Assessment Amount: 466700

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,787 $466,700 $97,200 $369,500
2024 $1,787 $466,700 $97,200 $369,500
2023 $1,498 $322,100 $72,900 $249,200
2022 $1,498 $322,100 $72,900 $249,200
2021 $1,208 $251,700 $72,900 $178,800
2020 $1,208 $251,700 $72,900 $178,800
2019 $1,139 $237,300 $72,900 $164,400
2018 $1,139 $237,300 $72,900 $164,400
2017 $1,165 $237,800 $72,900 $164,900
2016 $1,165 $237,800 $72,900 $164,900
2015 $117 $238,100 $72,900 $165,200
2014 $1,167 $238,100 $72,900 $165,200
2013 -- $241,800 $72,900 $168,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 For Sale $598,000 -- $388 / Sq Ft
Source: Eastern Shore Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Grant Deed $275,000 Shore Title
Source: Public Records

Source: Eastern Shore Association of REALTORS®

MLS Number: 64530

APN: 031-B1-14-00-D000-00

Virginia Accomack County Chincoteague Island 23336 Chincoteague

5061 Bay Colony, Chincoteague Island, VA

This home is located at 5061 Bay Colony, Chincoteague Island, VA 23336 and is currently priced at $598,000, approximately $388 per square foot. This property was built in 2003. 5061 Bay Colony is a home located in Accomack County with nearby schools including Chincoteague Elementary School, Chincoteague High School, and Lighthouse Christian Academy.

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Listing Agent
Linda W. Budd Assoc. Broker, Gri,Abr
OCEAN EAST REALTY