936 Old Ferry Rd Grimstead, VA 23064
Estimated payment $1,942/month
Total Views
57,168
4
Beds
2
Baths
2,001
Sq Ft
$150
Price per Sq Ft
Highlights
- Seaplane Permitted
- Fishing Allowed
- Cape Cod Architecture
- Home fronts navigable water
- Bay View
- Wood Flooring
About This Home
Subject to Online sale ending September 9 at 2:00 PM. List price is the opening offer amount and may not reflect the final sales price. Property tour is scheduled for Sept. 5th at 3 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." 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 (updated in 2024) offers rental income potential while you design your waterfront estate. This residence features, 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 50' construction easement in place for private water access and dock application submission. 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 unobstructed waterfront views, a 50' construction easment for water access, hardwood floors under the carpet, an exterior storage shed, R7 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.
Listing Agent
(757) 288-1854 tdudley@dudleyresources.com Dudley Auctions Inc License #0225224467 Listed on: 07/11/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,275
Year Built
- Built in 1953 | Remodeled in 2024
Lot Details
- 1.04 Acre Lot
- Home fronts navigable water
- Property Fronts a Bay or Harbor
- Property is in good condition
Property Views
- Bay
- Scenic Vista
Home Design
- Cape Cod Architecture
- Brick Exterior Construction
- Slab Foundation
- Plaster Walls
- Composition Roof
Interior Spaces
- 2,001 Sq Ft Home
- Property has 2.5 Levels
- Partially Finished Basement
Flooring
- Wood
- Tile or Brick
Bedrooms and Bathrooms
Parking
- Driveway
- Off-Street Parking
Outdoor Features
- Seaplane Permitted
- Access to Tidal Water
- Canoe or Kayak Water Access
- Private Water Access
- Property is near a lake
- Personal Watercraft
- Rip-Rap
- Swimming Allowed
- Powered Boats Permitted
Schools
- Lee-Jackson Elementary School
- Thomas Hunter Middle School
- Mathews High School
Utilities
- Forced Air Heating and Cooling System
- Well
- Electric Water Heater
- Septic Equal To The Number Of Bedrooms
Listing and Financial Details
- Assessor Parcel Number 11A3-5-4
Community Details
Overview
- No Home Owners Association
- Gwynn's Island Subdivision
Recreation
- Fishing Allowed
Map
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Home Values in the Area
Average Home Value in this Area
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 | $2,564 | $427,400 | $125,400 | $302,000 |
| 2024 | $2,393 | $427,400 | $125,400 | $302,000 |
| 2023 | $2,250 | $401,700 | $89,100 | $312,600 |
| 2022 | $1,709 | $267,100 | $89,100 | $178,000 |
| 2021 | $1,723 | $267,100 | $89,100 | $178,000 |
| 2020 | $1,723 | $267,100 | $89,100 | $178,000 |
| 2019 | $1,723 | $267,100 | $89,100 | $178,000 |
| 2018 | $1,536 | $267,100 | $89,100 | $178,000 |
| 2017 | $1,536 | $267,100 | $89,100 | $178,000 |
| 2015 | $15,482 | $0 | $0 | $0 |
| 2014 | $15,482 | $286,700 | $104,100 | $182,600 |
| 2013 | $1,347 | $286,700 | $104,100 | $182,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | Price Changed | $300,000 | -33.3% | $150 / Sq Ft |
| 07/11/2025 07/11/25 | For Sale | $450,000 | -- | $225 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $220,000 | Old Republic National Title | |
| Deed | $7,400 | None Available |
Source: Public Records
About the Listing Agent
I'm an expert real estate agent with Dudley Resources in Richmond, VA and the nearby area, providing home-buyers and sellers with professional, responsive and attentive real estate services. Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells? Give me a call! I'm eager to help and would love to talk to you.
Tim's Other Listings
Source: Bright MLS
MLS Number: VAMH2000104
APN: 11A3-5-4
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