5421 & 5423 Deep Hole Road Chincoteague Island, VA $ 1,200,000
5421 & 5423 Deep Hole Road
$ 1,200,000
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5421 & 5423 Deep Hole Road

Chincoteague Island, VA, 23336
$ 1,200,000
Bedrooms5 Baths0.0

Monthly Estimate*

$ 7,486

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Multi-Family Home for sale in Chincoteague Island, VA

for $1,200,000 with 5 bedrooms. This home was built in 1988 on a lot size of 0.5.

Introducing Deep Hole Hideaway, a versatile and fully turnkey multi-property listing offering exceptional rental potential and room for expansion. This unique property features a beautifully renovated duplex and a new construction home, set on a spacious lot with ample capacity for additional development. The duplex has been completely renovated within the last 5 years, with one unit offering two bedrooms and one bathroom, and the other featuring one bedroom, a bonus room, and one bathroomperfect for accommodating guests or tenants. The property is designed to comfortably host up to 23 guests, making it an ideal rental opportunity. Adjacent to the duplex is a new construction home boasting two bedrooms, two bonus rooms, and 2.5 bathrooms, providing modern comforts and flexible space for family, guests, or additional rental income. The propertys generous lot includes enough room and septic capacity to build an extra 2-bedroom dwelling, offering future expansion potential. Enjoy peek-a-boo views of the marshes and Oyster Bay, adding scenic serenity to this charming retreat. Sold fully furnished and equipped, Deep Hole Hideaway provides a ready-to-go investment or primary residence in a desirable location. Dont miss the opportunity to own this exceptional property with endless possibilities.

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Multi-Family Active

Price

$ 1,200,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 1,419

Style

Coastal

Lot Size

0.5

Year Built

1988

Town/City

Chincoteague Island

County/Region

Accomack

MLS | Web ID

VAAC2002116

Features
General
Living Area 3450
Sewer Private Septic Tank
Heating Heat Pump(s)
Cooling Heat Pump(s)
Possession Settlement
Roof Metal Composite
Appliances Dishwasher Washer Dryer Refrigerator Stainless Steel Appliances
Zoning RESIDENTIAL
Patio/Porch Features Deck(s)
Architectural Style Coastal
Construction Materials Vinyl Siding
School District ACCOMACK COUNTY PUBLIC SCHOOLS
Year Built 1988
Property Subtype Other
Tax Year 2022
Ownership Fee Simple
Cool Fuel Electric
Accessibility None
County ACCOMACK
New Construction N
Property Type Multi-Family
Subdivision Name CHINCOTEAGUE
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions From Maddox Blvd.: Head northwest on Maddox toward Chicken City Rd. Turn right onto Deep Hole Rd. Turn left to stay on Deep Hole Rd. property will be on the left.
City CHINCOTEAGUE ISLAND
Number Of Units Total 3
Lot Size Units Square Feet
Lot Size Square Feet 21780.00
Tax Annual Amount 1419.0
Home Warranty Y/N N
Two Bedroom 2
Structure Type Other
Price Per Sq Ft Total AG 347.83
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 0037
Association Recreation Fee N
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Interior
Interior Amenities Skylight(s) Ceiling Fan(s) Dining Area Entry Level Bedroom Floor Plan - Open Primary Bath(s) Recessed Lighting Upgraded Countertops Walk-in Closet(s) Bathroom - Tub Shower Window Treatments
Heating Fuel Electric
Flooring Luxury Vinyl Plank
Hot Water Electric
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N N
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Exterior
Pool No Pool
Parking Features Gravel Driveway
Water Source Public
Type of Parking Driveway
Foundation Details Crawl Space
Spa N
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.50
Water Body Type Pond
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 80000.00
Navigable Water Y/N N
Water Oriented Y/N Y
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Internal Only
Street Number 1 5421
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* Excluded Features
List By
Long & Foster Real Estate, Inc.

Broker

meghan.oliver@longandfoster.com

Email

Affordability Calculator

$7,605
Per Month
98%
2%
0%
Monthly Principal & Interest
$7,486
Monthly Property Taxes
$118
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3537584 Elementary School
3537589 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/2/2025$1,200,000 Listed Price

Map


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5421 & 5423 Deep Hole Road, Chincoteague Island, VA, 23336 is a Multi-Family Home for sale at $1,200,000 with a lot size of 0.5. 5421 & 5423 Deep Hole Road has 5 bedrooms, 0.0 baths, and was built in 1988. The property's zip code is 23336 which is in Chincoteague Island, VA