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Opportunity takes center stage at 485 Around the Fence Road in Cobbs Creek. Set on approximately one acre, this two-bedroom, one-bath cottage is ready for an experienced investor, contractor or builder with the vision to unlock the property's next chapter. The existing home requires substantial renovation, creating a true value-add project for buyers who prefer to control the scope, finishes and final product from the ground up. Its compact footprint and straightforward single-level layout provide a practical starting point for a full rehabilitation, potential rental property or resale project. For buyers whose plans extend beyond renovation, the homesite may also warrant evaluation for replacement construction or a new residential design, subject to county zoning, permitting, soil and other applicable approvals. The existing well and septic systems are reported to be in good condition, offering important infrastructure already in place and a meaningful head start when evaluating the property's potential. Outside, the one-acre setting combines open ground with a wooded perimeter, providing privacy, usable yard space and room to rethink how the site functions. Mature trees frame the property, while the broad clearing offers flexibility for outdoor living, gardens, parking, storage or construction staging. The current cottage features vinyl siding, a metal roof, two bedrooms, one full bath, a kitchen, living space and a rear entry area. Investors can approach the property as a complete renovation, while builders may see value in the land, existing utility systems and established residential use. No matter the strategy, this is not a cosmetic project, it is an opportunity for a capable buyer to create value through planning, construction and execution. Bring your contractor, review the site and determine the best path forward for this one-acre Cobbs Creek property.
| DAYS ON MARKET | 0 | LAST UPDATED | 10/10/2026 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1920 |
| COMMUNITY | 114 - Mathews | COUNTY | Mathews |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Mathews |
|---|---|
| Jr. High School | Mathews |
| High School | Mathews |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 114 - Mathews |
| CONSTRUCTION | Frame, Vinyl Siding |
| HEAT | Oil, Space Heater |
| POOL DESCRIPTION | None |
| SEWER | Septic Tank |
| STORIES | 1 |
| STYLE | Bungalow, Cottage |
| SUBDIVISION | None |
| TAXES | 605.74 |
| WATER | Well |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with The Hogan Group Real Estate
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 ©2026 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: 10/10/26 9:25 AM PDT
This IDX solution is (c) Diverse Solutions 2026.
