Price Reduction - Water Views - Primary on Main
Address
5061 Bay Colony Lane, Chincoteague Island, VA
Price
$ 535,000
Property Attributes
- MLS#VAAC2002928
- TypeSingle Family
- Listing Status ACTIVE
- CountyACCOMACK
- CityChincoteague Island
- NeighborhoodChincoteague
- Zip23336
- StyleCoastal
- Year Built2003
- Taxes$ 1787
- Price$ 535,000
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1540
- Lot Size0.35 Acres
Data Source:
Bright MLS
Property Description
You will LOVE the views from this SINGLE FAMILY HOME! Enjoy beautiful views of Chincoteague Bay from this well-maintained coastal home in the desirable Bay Colony community. Situated on a spacious lot, this elevated 3-bedroom, 2-bath home offers the perfect blend of island charm, comfortable living, and outdoor enjoyment. Designed to take advantage of the surrounding scenery, the home features multiple covered porches, balconies, a screened porch, and expansive wraparound decking, providing numerous places to relax, entertain, and enjoy the coastal breezes. Bay views can be enjoyed from multiple areas of the home, creating a true island retreat. Inside, the upper level serves as the heart of the home, featuring an open-concept kitchen, dining area, and family room filled with natural light. The kitchen offers stainless steel appliances, abundant cabinetry, breakfast bar seating, and seamless flow into the living and dining spaces, making it ideal for everyday living and entertaining. Sliding doors lead to the screened porch, creating an inviting extension of the living area. The thoughtfully designed floor plan includes a spacious first-floor primary bedroom with direct access to the covered porch, an additional first-floor guest bedroom and full bath, plus a private upstairs bedroom and full bath with balcony access. A dedicated laundry area adds convenience, while tile flooring throughout the main living areas enhances the home's easy-care coastal appeal. Additional features include vinyl siding, public water, private septic, detached storage shed, enclosed under-house storage, and an outdoor showerperfect for rinsing off after a day at the beach or on the water. Being sold furnished with appliances included, this move-in-ready property offers a turnkey opportunity as a primary residence, vacation getaway, or investment property. Conveniently located near Chincoteague's shops, restaurants, marinas, wildlife refuge, and Assateague Beach, this is your opportunity to experience the very best of island living with beautiful bay views and easy access to everything the island has to offer.
| Elementary School | Middle School | High School |
|---|---|---|
| Chincoteague Elementary School | Chincoteague Middle School | Chincoteague High School |
| Price History | |
|---|---|
| 6/3/2026 | Listed $549,000 |
| 7/27/2026 | 3$535,000 |
General Features
| Living Area | 1540 |
|---|---|
| Sewer | Septic = # of BR,Private Septic Tank |
| Heating | Forced Air,Heat Pump(s) |
| Cooling | Central A/C,Heat Pump(s) |
| Possession | Settlement |
| Roof | Composite |
| Appliances | Built-In Microwave,Dishwasher,Dryer,Oven/Range - Electric,Refrigerator,Washer |
| Zoning | RESIDENTIAL |
| Patio/Porch Features | Deck(s),Porch(es),Screened |
| Architectural Style | Coastal |
| Construction Materials | Vinyl Siding |
| School District | ACCOMACK COUNTY PUBLIC SCHOOLS |
| Year Built | 2003 |
| View | Bay |
| Levels | 2 |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | None |
| County | ACCOMACK |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | CHINCOTEAGUE |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Full Baths | 2 |
| Status | ACTIVE |
| Directions | From the bridge head toward Main St. Turn left onto Main St. Turn left onto Bay Colony. Destination will be on the right. |
| City | CHINCOTEAGUE ISLAND |
| Body of Water | Chincoteague Bay |
| Senior Community Y/N | No |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 15192.00 |
| Tax Assessed Value | 466700.0 |
| Tax Annual Amount | 1787.0 |
| Structure Type | Detached |
| Condo/Coop Association fee Y/N | No |
| Bathrooms Full Main Level | 1 |
| Bathrooms Count Main Level | 1.00 |
| Price Per Sq Ft Total AG | 347.4 |
| Vacation Rental Y/N | No |
| Virtual Tour | https://campos-media.aryeo.com/videos/019e7947-9b37-7361-bb3f-d8267a58148a |
| Total SQFT | 1540 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Legal Subdivision | HENRY J CONKLIN |
| Tax Lot | D |
| Federal Flood Zone | AE |
Interior Features
| Interior Amenities | Bathroom - Tub Shower,Bathroom - Walk-In Shower,Carpet,Ceiling Fan(s),Dining Area,Entry Level Bedroom,Recessed Lighting,Window Treatments |
|---|---|
| Heating Fuel | Electric |
| Flooring | Carpet,Ceramic Tile |
| Hot Water | Electric |
| Basement (Y/N) | No |
| Heating Y/N | Yes |
| Window Features | Double Pane |
| Fireplace Y/N | No |
| Above Grade Finished Area | 1540 |
| Central Air Y/N | Yes |
| Total Bedrooms | 3 |
| Main Level Bedrooms | 2 |
| Below Grade Finished Area Unit Type | Square Feet |
| LivingAreaSource | Assessor |
| Laundry Type | Main Floor |
| Below Grade Unfin Area Units | Square Feet |
| Below Grade Unfin SQFT Source | Assessor |
| Below Grade Finished Area Source | Assessor |
| Bedrooms Count All Upper Levels | 1 |
| Bedrooms Count Upper Level 1 | 1 |
| Bathrooms Full Upper Level 1 | 1 |
| Bathrooms Full All Upper Levels | 1 |
| Bathrooms Count Upper Level 1 | 1.00 |
| Bathrooms Count All Upper Levels | 1 |
| Above Grade Finished Area Source | Assessor |
| Above Grade Finished Area Unit Type | Square Feet |
| Total Baths | 2 |
Exterior Features
| Exterior Amenities | Outside Shower |
|---|---|
| Pool | No Pool |
| Water Source | Public |
| Type of Parking | Driveway |
| Land Use Code | 163 |
| Foundation Details | Crawl Space |
| Water View Y/N | Yes |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 0.35 |
| Water Body Type | Bay |
| Lot Size Source | Assessor |
| Waterfront Y/N | No |
| Navigable Water Y/N | No |
| Water Oriented Y/N | Yes |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 23336
Price
Taxes
Year Built
Visits
In The Neighborhood
Foreclosure
Chincoteague Island
$ 1,462,000
- Type
- Single Family
- Size
- 2,906 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Primary On Main
Chincoteague Island
$ 385,000
- Type
- Single Family
- Size
- 576 SqFt
- Rooms
- 2 Beds + 1 Baths
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