About This Home

This 3-bedroom, 1-bathroom single family at 20394 SAXIS RD in Saxis, VA is listed for $50,000. Built in 1930, on a 0.38 acres lot.

Key Features

  • Built in 1930
  • 0.38 acre lot

Property Details

1 full
1930
Listing Description

Investor opportunity on Saxis Island with water views and endless potential. Situated on approximately 0.38 acres, this property offers a rare chance to build or rebuild in a peaceful coastal setting surrounded by natural beauty and abundant wildlife.

The existing home, originally built in 1930, is approximately 1,512 sq ft with 3 bedrooms and 1 bath. The structure is uninhabitable and requires full renovation or replacement, making it ideal for investors, builders, or buyers seeking to create a custom coastal retreat.

The home is elevated on a concrete foundation and features a metal roof, partial window installations, and an elevated design suited for coastal living. Well and septic are present; no permits on file and condition is unknown. The spacious lot offers room to design outdoor living areas and maximize water views and coastal breezes.

Saxis Island is known for its quiet charm, working waterfront, and access to fishing, crabbing, boating, and kayaking. Nearby Chincoteague and Assateague Island provide beaches, wild ponies, and protected shoreline. Cash or construction/land financing only. Property will not qualify for traditional mortgage financing. Sold as-is. Enter at own risk. Bring your vision and transform this unique property into a stunning Eastern Shore escape.

Monthly Cost Estimate

$267/mo

20% down · 6.5% · 30 years

Principal$36
Interest$217
Insurance$15

Estimates only. Actual payments may vary.

Location

20394 SAXIS RD

Saxis, VA 23427

NONE AVAILABLE

Questions & Answers

This 3-bedroom, 1-bathroom single family at 20394 SAXIS RD is listed at $50,000. The estimated monthly payment is $268 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1930, 0.38 acre lot.

This property is listed by Meghan O Clarkson.

MC

Meghan O Clarkson

Agent at Long & Foster Real Estate

Listed by Long & Foster Real Estate · Broker phone: 7575642600 · Broker website

MLS# VAAC2002718· Source: Long & Foster Real Estate· 215 days on PropertySimple

Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

20394 SAXIS RD, Saxis, VA 23427

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