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936 Old Ferry Road

GRIMSTEAD, VA 23064

4 beds
2 baths
2,001 sqft
~1 acre lot
$224 per sqft
1953 build

Subject to online sale ending August 7 at 3:00 PM. List price is the opening offer amount and may not reflect the final sales price. Property tour is scheduled for July 2nd at 2:00 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." With its 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 (built in 1953, updated in 2024) offers immediate rental income while you design your custom waterfront estate. This well-maintained residence features 11’+ ceilings, 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 private deep-water access for boating. 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 200’+ of waterfront, hardwood floors under the carpet, two pull-down attic spaces, an exterior storage shed, R7-One Family 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 courtesy of BRIGHT / Dudley Auctions Inc

Last checked: Checking… • Last updated Jul 15, 2025 •

MLS# VAMH2000104 —

The Building

Year Built:

1953
Year Built Source:

Estimated
Year Major Reno/Remodel:

2024
Roof:

Composite
New Construction:

No
Construction Materials:

Brick
Structure Type:

Detached
Architectural Style:

Cape Cod
Levels:

2.5
Accessibility Features:

None
Foundation Details:

Slab
Basement:

Yes
Basement Type:

Partially Finished
Total SqFt Source:

Estimated
Above Grade Finished Area Units:

Square Feet
Above Grade Finished SqFt:

2001
Above Grade Finished SqFt Source:

Estimated

Interior

Flooring Type:

Hardwood, Tile/Brick
Wall & Ceilings:

Plaster Walls, Dry Wall
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

2001
Living Area SqFt:

2,001 Sqft

Financial & Terms

Sale Type:

Auction
Possession:

Immediate

Location

Directions:

VA 198 W, to right on VA 223 N, continue straight on VA-633 Old Ferry Rd, property is on the right.
Latitude:

37.49993000
Longitude:

-76.29930000
Location Type:

Bayfront

The Property

Property Type:

Residential
Property Condition:

Good
Lot Size Units:

Square Feet
Lot Size Acres:

1.04
Lot Size Source:

Estimated
Lot SqFt:

45,302 Sqft
Zoning:

R-1
Zoning Description:

Residential
View:

Bay, Scenic Vista, Water
In City Limits:

No
Other Structures:

Above Grade
Waterview:

Yes
Waterfront:

Yes
Waterfront Features:

Private Dock Site, Rip-Rap
Water Oriented:

Yes
Water Access:

Yes
Water Access Features:

Swimming Allowed, Boat - Powered, Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Private Access, Seaplane Permitted
Water Body Name:

Chesapeake Bay/Hills Bay/Piankitank River
Water Body Type:

Lake
Navigable Water:

Yes
Water Frontage In Feet:

2
Tidal Water:

Yes
Riparian Rights:

Yes

Listing Agent

Contact info:

Taxes

Tax ID Number:

11A3-5-4
Tax Year:

2024
Tax Annual Amount:

$4,275.36
Tax Assessed Value:

$427,400
Year Assessed:

2024
Total Taxes Payment Frequency:

Annually

Beds

Bedrooms:

4
Bedrooms Main Level:

2
Upper Level Bedrooms:

2
Upper Level 1 Bedrooms:

2

Baths

Total Baths:

2
Full Baths:

2
Main Level Baths:

1.00
Main Level Full Baths:

1
Upper Level Full Baths:

1
Upper Level Total Baths:

1
Upper Level Total Baths:

1.00
Upper Level Full Baths:

1

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Forced Air
Heating Fuel:

Electric

Utilities

Sewer/Septic:

Septic = # of BR
Hot Water:

Electric
Water Source:

Well

Schools

Elementary School:

Lee Jackson
Middle School:

Thomas Hunter
High School:

MATHEWS
School District Name:

Mathews County Public Schools
School District Source:

3rd Party

The Community

Subdivision Name:

Gwynn's Island
Senior Community:

No
Pool:

No Pool
HOA:

No
Condo/Coop Association:

No

Parking

Garage:

No
Type of Parking:

Off Street, Driveway

Extra Units

Vacation Rental:

No

Monthly cost estimate

Asking price

$450,000

Expense	Monthly cost
Mortgage	$2,409
Taxes	$356
Insurance	$123
Utilities	$205 See report
Total	$3,093/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
7/11/25 Jul 11, 2025	Listed / Active	BRIGHT	$450,000

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This house located in Gwynn, VA 23064 is currently for sale for $450,000. 936 Old Ferry Road is a 2,001 square foot house with 4 beds and 2 baths. This house is in the attendance area of Mathews High School, Lee-Jackson Elementary School, and Thomas Hunter Middle School.

Listing Courtesy of: BRIGHT and Dudley Auctions Inc.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.