$1,200,000

5421 & 5423 Deep Hole Rd Chincoteague Island, VA 23336

Chincoteague Neighborhood

Estimated payment $6,606/month

Total Views 7,456
-- Bed
-- Bath
3,450 Sq Ft
$348 Price per Sq Ft

Highlights

  • Water Oriented
  • Open Floorplan
  • Deck
  • 0.5 Acre Lot
  • Coastal Architecture
  • Main Floor Bedroom

About This Home

Introducing Deep Hole Hideaway, a versatile and fully turnkey multi-property listing offering exceptional rental potential and room for expansion. This unique property features a beautifully renovated duplex and a new construction home, set on a spacious lot with ample capacity for additional development.

The duplex has been completely renovated within the last 5 years, with one unit offering two bedrooms and one bathroom, and the other featuring one bedroom, a bonus room, and one bathroom—perfect for accommodating guests or tenants. The property is designed to comfortably host up to 23 guests, making it an ideal rental opportunity.

Adjacent to the duplex is a new construction home boasting two bedrooms, two bonus rooms, and 2.5 bathrooms, providing modern comforts and flexible space for family, guests, or additional rental income. The property’s generous lot includes enough room and septic capacity to build an extra 2-bedroom dwelling, offering future expansion potential.

Enjoy peek-a-boo views of the marshes and Oyster Bay, adding scenic serenity to this charming retreat. Sold fully furnished and equipped, Deep Hole Hideaway provides a ready-to-go investment or primary residence in a desirable location. Don’t miss the opportunity to own this exceptional property with endless possibilities.

Listing Agent

Meghan Oliver Clarkson

Long & Foster Real Estate, Inc. Listed on: 08/01/2025

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,419

Year Built

  • Built in 1988

Lot Details

  • 0.5 Acre Lot

Parking

  • Gravel Driveway

Home Design

  • Coastal Architecture
  • Composition Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 3,450 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Window Treatments
  • Dining Area
  • Luxury Vinyl Plank Tile Flooring
  • Crawl Space

Kitchen

  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Water Oriented
  • Property is near a pond
  • Deck
  • Storage Shed

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash
  • Septic Tank

Community Details

  • 3 Units
  • Chincoteague Subdivision

Listing and Financial Details

  • Tax Lot 0037
  • Assessor Parcel Number 031-B2-A0-00-0037-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,419

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Coastal
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1988
  • Remarks Public: Introducing Deep Hole Hideaway, a versatile and fully turnkey multi-property listing offering exceptional rental potential and room for expansion. This unique property features a beautifully renovated duplex and a new construction home, set on a spacious lot with ample capacity for additional development. The duplex has been completely renovated within the last 5 years, with one unit offering two bedrooms and one bathroom, and the other featuring one bedroom, a bonus room, and one bathroom—perfect for accommodating guests or tenants. The property is designed to comfortably host up to 23 guests, making it an ideal rental opportunity. Adjacent to the duplex is a new construction home boasting two bedrooms, two bonus rooms, and 2.5 bathrooms, providing modern comforts and flexible space for family, guests, or additional rental income. The property’s generous lot includes enough room and septic capacity to build an extra 2-bedroom dwelling, offering future expansion potential. Enjoy peek-a-boo views of the marshes and Oyster Bay, adding scenic serenity to this charming retreat. Sold fully furnished and equipped, Deep Hole Hideaway provides a ready-to-go investment or primary residence in a desirable location. Don’t miss the opportunity to own this exceptional property with endless possibilities.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Washer, Dryer, Refrigerator, Stainless Steel Appliances
  • Flooring Type: Luxury Vinyl Plank
  • Interior Amenities: Skylight(s), Ceiling Fan(s), Dining Area, Entry Level Bedroom, Floor Plan - Open, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Walk-In Closet(s), Bathroom - Tub Shower, Window Treatments
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Crawl Space
  • Basement: No
  • Total Sq Ft: 3450
  • Living Area Sq Ft: 3450
  • Price Per Sq Ft: 347.83
  • Above Grade Finished Sq Ft: 3450
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5421 & 5423

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Vinyl Siding
  • Roof: Metal, Composite
  • Spa: No
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Gravel Driveway
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Private Septic Tank
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: ACCOMACK COUNTY PUBLIC SCHOOLS
  • School District Key: 121141602687
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 133
  • Lot Size Acres: 0.50
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 21780.00
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2022
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Ground Rent Pymnt Freq: Annually
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1419.00
  • Assessor Parcel Number: 031-B2-A0-00-0037-00
  • Tax Lot: 0037
  • Tax Total Finished Sq Ft: 1928
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: ACCOMACK COUNTY PUBLIC SCHOOLS

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

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 For Sale $1,200,000 -- $348 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: VAAC2002116

Bright MLS
Virginia Accomack County Chincoteague Island 23336 Chincoteague

5421 & 5423 Deep Hole Rd, Chincoteague Island, VA

This home is located at 5421 & 5423 Deep Hole Rd, Chincoteague Island, VA 23336 and is currently priced at $1,200,000, approximately $347 per square foot. This property was built in 1988. 5421 & 5423 Deep Hole Rd 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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Meghan Oliver Clarkson
Listing Agent
Meghan Oliver Clarkson
Section Image
Long & Foster Real Estate, Inc.
(757) 894-0798