5061 Bay Colony Lane Chincoteague Island, VA $ 549,000
5061 Bay Colony Lane
$ 549,000
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5061 Bay Colony Lane

Chincoteague Island, VA, 23336
$ 549,000
Bedrooms3 Baths2.0 Sq 1,540

Monthly Estimate*

$ 3,380

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Single Family Home for sale in Chincoteague Island, VA

for $549,000 with 3 bedrooms and 2 full baths. This 1,540 square foot home was built in 2003 on a lot size of 0.35.

You will LOVE the views! 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.

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Single Family Active

Price

$ 549,000

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 1,787

Style

Coastal

Lot Size

0.35

Year Built

2003

Town/City

Chincoteague Island

County/Region

Accomack

MLS | Web ID

VAAC2002928

Features
General
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 N
Property Type Residential
HOA N
Subdivision Name CHINCOTEAGUE
Garage Y/N N
Water Access Y/N N
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 N
Lot Size Units Square Feet
Lot Size Square Feet 15192.00
Tax Annual Amount 1787.0
Structure Type Detached
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 1
Bathrooms Count Main Level 1.00
Price Per Sq Ft Total AG 356.49
Vacation Rental Y/N N
Virtual Tour https://campos-media.aryeo.com/videos/019e7947-9b37-7361-bb3f-d8267a58148a
Standard Status Active
Year Built Source Assessor
Legal Subdivision HENRY J CONKLIN
Tax Lot D
Federal Flood Zone AE
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Interior
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) N
Heating Y/N Y
Window Features Double Pane
Fireplace Y/N N
Above Grade Finished Area 1540
Central Air Y/N Y
Total Bedrooms 3
Below Grade Finished Area 0
Main Level Bedrooms 2
Below Grade Finished Area Unit Type Square Feet
Laundry Type Main Floor
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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Exterior
Exterior Amenities Outside Shower
Pool No Pool
Water Source Public
Type of Parking Driveway
Foundation Details Crawl Space
Water View Y/N Y
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.35
Water Body Type Bay
Lot Size Source Assessor
Waterfront Y/N N
Navigable Water Y/N N
Water Oriented Y/N Y
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Internal Only
Street Number 1 5061
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* Excluded Features
List By
Long & Foster Real Estate, Inc.

Broker

meghan.oliver@longandfoster.com

Email

Affordability Calculator

$3,529
Per Month
96%
4%
0%
Monthly Principal & Interest
$3,380
Monthly Property Taxes
$149
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3545319 Elementary School
3546068 Middle School
Chincoteague High School High School
Pricing History
DatePricePrice ChangeDescription
6/3/2026$549,000 Listed Price

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5061 Bay Colony Lane, Chincoteague Island, VA, 23336 is a Single Family Home for sale at $549,000 with 1,540 sqft and a lot size of 0.35. 5061 Bay Colony Lane has 3 bedrooms, 2.0 baths, and was built in 2003. The property's zip code is 23336 which is in Chincoteague Island, VA