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936 Old Ferry Road, Grimstead, VA 23064 (MLS # 2515076)

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PRICE $450,000 dsIDX morgage calculator
BEDS 4
BATHS 2
HOME SIZE 2,001 sqft
LOT SIZE 1.04 ac

Subject to Online Sale ending July 10 @ 2:00 PM, List price is opening offer amount and may not reflect the final sales price. Property tour is scheduled for July 2nd @ 2PM. 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 Gwynns Island - known as the "Jewel of the Middle Peninsula." With its protected location on Hills Bay and unobstructed western exposure, this property delivers breathtaking sunset views 365 days a year. Turn-Key Rental Income: The existing home (built 1953, updated 2024) provides immediate rental income while you design and plan your custom waterfront estate. When you're ready to build your dream home, you'll have over an acre of pristine waterfront to work with. Imagine floor-to-ceiling windows capturing those legendary Chesapeake sunsets, expansive decks overlooking the protected waters, and your private deep-water access for boating. Gwynns Island Exclusivity: Accessible only by swing bridge, this island community of just 600 residents offers privacy and prestige that's increasingly rare. The protected waters of Hills Bay provide calmer conditions perfect for kayaking, fishing, and swimming, while still offering direct access to the main Chesapeake Bay. 60 minutes from Williamsburg & Yorktown 60-90 min from Richmond, Norfolk, and Virginia Beach 3 hours from Washington DC. Immediate income generation from the existing home while you hold one of the most desirable development sites on the Chesapeake Bay. WHY GWYNNS ISLAND? Mathews County boasts over 200 miles of Chesapeake Bay shoreline and is renowned as the "Pearl of the Chesapeake." Gwynns Island represents the crown jewel of this region. Properties of this caliber on Gwynn's Island are extraordinarily rare. The combination of size, location, water views, and immediate income potential creates a unique opportunity for those seeking the ultimate Chesapeake Bay lifestyle.

DAYS ON MARKET 2 LAST UPDATED 5/29/2025
TRACT Gwynn's Island YEAR BUILT 1953
COMMUNITY 114 - Mathews COUNTY Mathews
STATUS Active PROPERTY TYPE(S) Single Family

SCHOOLS
Elementary School Lee Jackson
Jr. High School Thomas Hunter
High School Mathews


ADDITIONAL DETAILS
AIR Central Air, Other
AIR CONDITIONING Yes
AREA 114 - Mathews
BASEMENT Partially Finished, Yes
CONSTRUCTION Brick
HEAT Electric, Forced Air
LOT 1.04 acre(s)
LOT DESCRIPTION Waterfront
PARKING Off Street, Shared Driveway
POOL DESCRIPTION None
SEWER Septic Tank
STORIES 2
STYLE Cape Cod
SUBDIVISION Gwynn's Island
TAXES 4275
VIEW Yes
VIEW DESCRIPTION Water
WATER Well
WATER ACCESS Chesapeak Bay/Hills Bay/Piankitank River Mouth
WATERFRONT Yes
WATERFRONT DESCRIPTION Waterfront Access, Waterfront
ZONING R-1
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing

Last Updated: 5/30/25 9:40 PM PDT

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