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Lilly Parks
REALTOR®

5061 Bay Colony Lane , Chincoteague Island, VA 23336

$549,000
  • 5061 Bay Colony Lane , Chincoteague Island, VA 23336 Main Photo

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New to the Market ACTIVE
BEDS3 BATHS2 full SQUARE FEET1,540 MLS#VAAC2002928
STATUSACTIVE PROPERTY TYPEResidential - Single Family SUBDIVISIONCHINCOTEAGUE SCHOOLACCOMACK COUNTY PUBLIC SCHOOLS

Property Description

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 shower—perfect 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.

5061 Bay Colony Lane | MLS# VAAC2002928

This single family home located at 5061 Bay Colony Lane , Chincoteague Island, VA 23336 is currently listed for sale with an asking price of $549,000. This property was built in 2003 and has 3 bedrooms and 2 full baths with 1540 sq. ft. Bay Colony Lane is located in the CHINCOTEAGUE subdivision within the ACCOMACK COUNTY PUBLIC SCHOOLS school district. Search CHINCOTEAGUE real estate on lparks.montaguemiller.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central A/C, Heat Pump(s)
Fuel Type: Electric
Heating: Forced Air, Heat Pump(s)
Home Style: Coastal
Lot Size: 0.35 Acres
Roof Type: Composite
Stories: 2.0
Taxes: $1,787
Year Built: 2003

Feature Descriptions

Additional Structures: Above Grade, Below Grade
Appliances: Built-In Microwave, Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer
Exterior: Outside Shower
Exterior: Vinyl Siding
Flooring: Carpet, Ceramic Tile
Interior: Bathroom - Tub Shower, Bathroom - Walk-In Shower, Carpet, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Recessed Lighting, Window Treatments
Lake Name: Chincoteague Bay
Lot Dimensions: 0.35 Acre(S)
Sewer: Septic = # of BR, Private Septic Tank
Special View Info: Bay
SQFT Above Finished: 1540
SQFT Total Finished: 1540
Structure Type: Detached
Water: Public
Windows: Double Pane

Local Schools

High School: CHINCOTEAGUE
Middle School: CHINCOTEAGUE
Elementary School: CHINCOTEAGUE
School District: ACCOMACK COUNTY PUBLIC SCHOOLS

Listed By / Shown By

Listed By

Agency Name: Long & Foster Real Estate, Inc.
Agency Phone: 7575642600

Shown By

Agent Name: Lilly Parks
Agent Phone:
Agency Title: Montague Miller & Co. Realtors

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Estimated Payment

$ 1,530.88 per month $1,221.84 Principal & Interest $148.92 Property Tax $160.13 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/03/2026. The listing information on this page last changed on 06/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 06/03/2026 11:47:36 AM EST) or CAAR MLS (last updated Wed 06/03/2026 11:40:20 AM EST) or Staunton MLS (last updated Wed 06/03/2026 11:46:39 AM EST) or HRAR MLS (last updated Wed 06/03/2026 11:44:49 AM EST) or Lynchburg MLS (last updated Wed 06/03/2026 9:32:42 AM EST) or Bright MLS (last updated Wed 06/03/2026 11:43:23 AM EST). Real estate listings held by brokerage firms other than Montague Miller & Co. Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Agency License Information: Montague, Miller & Co. is licensed in the state of Virginia.


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