936 Old Ferry Rd, GRIMSTEAD, VA

$300,000

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4

Beds

2

Baths

2,001

Square feet

1.04

Acres

About 936 Old Ferry Rd

Subject to Online sale ending September 9 at 2:00 PM. List price is the opening offer amount and may not reflect the final sales price. Property tour is scheduled for Sept. 5th at 3 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." 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 (updated in 2024) offers rental income potential while you design your waterfront estate. This residence features, 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 50' construction easement in place for private water access and dock application submission. 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 unobstructed waterfront views, a 50' construction easment for water access, hardwood floors under the carpet, an exterior storage shed, R7 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.

Features of 936 Old Ferry Rd

MLS® # VAMH2000104
Price $300,000
Bedrooms 4
Bathrooms 2.00
Full Baths 2
Square Footage 2,001
Acres 1.04
Year Built 1953
Type Residential
Sub-Type Detached
Style Cape Cod
Status Active

Community Information

Address 936 Old Ferry Rd
Subdivision GWYNN'S ISLAND
City GRIMSTEAD
County MATHEWS-VA
State VA
Zip Code 23064

Amenities

View Bay, Scenic Vista, Water
Is Waterfront Yes
Waterfront Lake

Interior

Heating Forced Air
Cooling Central A/C
Has Basement Yes
Basement Partially Finished
Fireplace No
# of Stories 2
Stories 2.5 Story

Exterior

Exterior Brick and Siding
Roof Composite
Foundation Slab

School Information

District MATHEWS COUNTY PUBLIC SCHOOLS
Elementary LEE-JACKSON
Middle THOMAS HUNTER
High MATHEWS

Additional Information

Date Listed July 11th, 2025
Days on Market 93
Zoning R-1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeDudley Auctions Inc
Contact Info(757) 651-1729

Listing Map

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