Grimstead, VA 23064 936 Old Ferry Road

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 Gwynns Islandknown 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, youll 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, 6090 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 Virginias most prestigious waterfront community.