1. Virginia
2. Grimstead
3. 936 OLD FERRY ROAD

936 OLD FERRY ROAD, Grimstead, VA 23064

• 4 beds |
• 2 baths |
• 2,001 sqft

Property Description

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. LIVE THE DREAM WHILE YOU PLAN THE DREAM 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. IMMEDIATE INCOME + FUTURE DEVELOPMENT POTENTIAL Turn-Key Rental Income: The existing 2,001 sq ft home (built 1953, updated 2024) provides immediate rental income while you design and plan your custom waterfront estate. This well-maintained 1½-story dwelling features recent updates and has proven rental history, making it an instant cash-flowing investment. Prime Development Site: 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 and water sports. LOCATION ADVANTAGES 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. Convenient Access: 60 minutes from Historic Williamsburg & Yorktown 60-90 minutes from Richmond, Norfolk, and Virginia Beach 3 hours from Washington DC metro area Direct access from I-95 corridor PROPERTY HIGHLIGHTS 1.045 acres of prime waterfront - rare large lot size on the island Protected western exposure on Hills Bay/Piankatank River 365-day sunset views - unobstructed western horizon Deep water access with approved dock permit for boating and water recreation Turn-key rental home providing immediate income potential Recent property updates (April 2024) ensure move-in readiness Proven appreciation - assessed value increased 6.2% in 2024 alone INVESTMENT OPPORTUNITY This property offers the best of both worlds: immediate income generation from the existing home while you hold one of the most desirable development sites on the Chesapeake Bay. Whether you envision a grand estate, luxury vacation rental, or family compound, this protected waterfront location with sunset views provides the perfect canvas. 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, offering: Exclusive island living with controlled access World-class fishing and boating on the Chesapeake Bay Annual Gwynns Island Festival (last weekend in June) Sandy beaches along the eastern Bay frontage Strong vacation rental market with year-round appeal Stable, appreciating property values in limited inventory market DEVELOPMENT POTENTIAL The generous 1.045-acre size provides ample space for: Custom waterfront estate with panoramic Bay views Guest house or rental cottage for additional income Private boat dock and lift with approved dock permit Pool and outdoor entertaining areas Mature landscaping and privacy screening Workshop or storage buildings READY TO BUILD YOUR LEGACY? Properties of this caliber on Gwynn’s Island are extraordinarily rare. The combination of size, location, water views, and immediate income potential creates a truly unique opportunity for the discerning buyer seeking the ultimate Chesapeake Bay lifestyle. Don't miss your chance to own a piece of Virginia's most exclusive waterfront community. Property will be sold at auction to the highest bidder subject to seller confirmation

Listing Status:

Active

Date Added:

May 29, 2025 at 05:00AM

Listing Office:

Dudley Auctions Inc : 7576511729

Listing Agent:

Tim O. Dudley : 7576511729

MLS ID:

VAMH2000100

Interior

• Basement: Partially Finished
• Flooring: HardwoodTile/Brick
• A/C: Central A/C
• Heating: YForced AirElectric
• Disability Feature: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Tim O. Dudley, Dudley Auctions Inc