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About This Home

This 3-bedroom, 2-bathroom single family at 5061 BAY COLONY LN in Chincoteague, VA is listed for $549,000 ($356 per sqft). Built in 2003, the home offers 1,540 sqft of living space on a 0.35 acres lot.

Agent 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.

Key Features

  • Built in 2003
  • 0.35 acre lot
  • 2 stories

Property Details

2 stories
2 full
2003

Amenities

A/C

Monthly Cost Estimate

$2,936/mo

20% down · 6.5% · 30 years

Principal$397
Interest$2,379
Insurance$160

Estimates only. Actual payments may vary.

Location

5061 BAY COLONY LN

Chincoteague, VA 23336

CHINCOTEAGUE

Features & Amenities

Interior Features

Smoke DetectorWindow TreatmentsWasher/Dryer Hookup1st Floor Bedroom

Exterior Features

Double Pane WindowsShell DrivewayScreened PorchDeckOpen Porch

Property Details

Flooring

TileCarpet - Full

Pool Features

DeckPorch

Heating

Electric (Heating)Heat Pump (Heating)Forced Air

Cooling

Heat PumpCentral AirElectric

Appliances

RangeMicrowaveDishwasherRefrigeratorWasherDryer

Questions & Answers

This 3-bedroom, 2-bathroom single family at 5061 BAY COLONY LN is listed at $549,000 ($356/sqft). The estimated monthly payment is $2,379 based on 20% down at 6.5% interest.

Key features include: Built in 2003, 0.35 acre lot, 2 stories. Interior Features: Smoke Detector, Window Treatments, Washer/Dryer Hookup. Exterior Features: Double Pane Windows, Shell Driveway, Screened Porch.

This property is listed by Meghan Oliver Clarkson and can be reached at 7578940798 or meghan@LNF.com.

MC

Meghan Oliver Clarkson

Agent at Long & Foster - Main St

(757) 894-0798

Listed by Long & Foster - Main St · View on Broker Site

MLS# 71560· Source: listhub· Updated 2 days ago

Copyright © 2026 Eastern Shore Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5061 BAY COLONY LN, Chincoteague, VA 23336

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