936 Old Ferry Road
Grimstead, VA 23064
Map
- 4 beds
- 2 baths
- 2,001 sqft
- 1 sqft lot
- $224 per sqft
- 1953 build
- – on site
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.
Last checked:
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Checking…
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Last updated May 30, 2025
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MLS# 2515076 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1953
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Year Built Details:Unknown
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New Construction:false
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Construction Materials:Brick
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Architectural Style:CapeCod
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Roof:Other
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Stories Total:2
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Stories:2
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Levels:Two
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Basement:PartiallyFinished
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Basement:true
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Patio And Porch Features:FrontPorch
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Building Area Source:Other
Interior
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Rooms Total:10
Room Dimensions
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Living Area:2001.0
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Living Area Source:Other
Financial & Terms
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Possession:CloseOfEscrow
Location
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Directions:VA 198 W, to right on VA 223 N, continue straight on VA-633 Old Ferry Rd, property is on the right.
The Property
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Parcel Number:11A3-5-4
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Property Type:Residential
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Property Subtype:SingleFamilyResidence
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Property Subtype Additional:SingleFamilyResidence
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Property Condition:Resale
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Property Attached:false
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Lot Features:Waterfront
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Lot Size Acres:1.04
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Lot Size Area:1.04
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Lot Size Units:Acres
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Zoning Description:R-1
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View:Water
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View:true
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Waterfront:true
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Waterfront Features:Bayfront,WaterAccess,Waterfront
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Water Body Name:Chesapeak Bay/Hills Bay/Piankitank River Mouth
Listing Agent
- Contact info:
- Agent phone:
- (804) 873-8593
- Office phone:
- (804) 709-1954
Taxes
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Tax Year:2024
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Tax Annual Amount:4275.0
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Tax Assessed Value:427400
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Tax Legal Description:11-A3-5-4
Beds
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Bedrooms Total:4
Baths
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Total Baths:2
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Full Baths:2
Heating & Cooling
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Cooling:CentralAir,Other
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Cooling:true
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Heating:Electric,ForcedAir
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Heating:true
Utilities
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Sewer:SepticTank
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Water Source:Well
Schools
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Elementary School:Lee Jackson
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Middle Or Junior School:Thomas Hunter
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High School:Mathews
The Community
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Subdivision Name:Gwynn's Island
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Pool Features:None
Parking
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Garage:false
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Parking Features:OffStreet,SharedDriveway
Monthly cost estimate
Asking price
$450,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,409
|
| Taxes | $356 |
| Insurance | $123 |
| Utilities | $205 See report |
| Total | $3,093/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/29/25
May 29, 2025
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Listed / Active | CVRMLS | $450,000 |
