Date
Details
Price
Change
Source
6/03/2026
Listed
$549,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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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.
Full Property Details
Full Property Details for 5061 Bay Colony Ln
General
- Price: $549,000
- Taxes: $1,787 (2025)
- Status: Active
- Type: Single Family
- Source: BrightMLSMidAtlantic
- MLS ID: VAAC2002928
- Updated: 6/3/2026
- Added to Site: 48 day(s) ago
Interior
- Interior Features: Bathroom - Tub Shower, Bathroom - Walk-In Shower, Carpet, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Recessed Lighting, Window Treatments
- Appliances: Built-In Microwave, Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer
- Furnished: Yes
- Flooring: Carpet, Ceramic Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Upper Floor Baths: 1
- Upper - Full Baths: 1
- Main Floor Baths: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms Upper: 1
- Bedrooms Main & Up: 2
Other Rooms
- Laundry: Main Floor
Exterior
- Exterior Features: Outside Shower
- Porch/Patio/Deck: Deck(s), Porch(es), Screened
Parking
- Parking Type: Driveway
Location
- County: ACCOMACK
- Subdivision: CHINCOTEAGUE
- Driving 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 Limits: Yes
School Information
- School District: Accomack County Public Schools
- Elementary School: Chincoteague
- Middle School: Chincoteague
- High School: Chincoteague
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Heat Pump(s)
- Cooling Fuel: Electric
- Heating Type: Forced Air, Heat Pump(s)
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Septic = # of BR, Private Septic Tank
- Water: Public
Structural Information
- Architectural Style: Coastal
- Structure Type: Detached
- Construction: Vinyl Siding
- Foundation: Crawl Space
- Roof: Composite
- Walls/Ceilings: Dry Wall
- Windows: Double Pane
- Stories Description: Main, Upper 1
- Square Feet: 1,540
- Sq. Ft. Source: Assessor
- Living Area: 1,540 Sq. Ft.
- Finished Above Grnd: 1,540 Sq. Ft.
- Year Built: 2003
- Year Built Source: Assessor
Additional Structures
- Other Structures: Shed
Lot Features
- Property View: Bay
- Lot Size (Acres): 0.35
- Lot Size (Sq. Ft.): 15,192
- Lot Size Source: Assessor
- Zoning: RESIDENTIAL
Water Features
- Water View: Yes
- Water Front Type: Bay
- Water Front Name: Chincoteague Bay
Financial Considerations
- Price Per Sq. Ft.: $356.49
- Assessment Year: 2025
- City/TownTax Freq: Annually
- County Tax: $1,787
- County Tax Freq: Annually
- Tax w/Assessment: $466,700
- Tax Amount: $1,787
- Tax Year: 2025
- Tax Total Finished Sq. Ft.: 1540
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: D
Listed by Long & Foster Real Estate, Inc., Meghan Oliver Clarkson
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 5061 Bay Colony Ln —
Meghan Oliver Clarkson
Long & Foster Real Estate, Inc.
Listing Office Email: tina.holt@longandfoster.com
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 5061 Bay Colony Ln
School District:Accomack County Public Schools
| Name | Grades | Distance |
|---|---|---|
Chincoteague Elementary School 6078 Hallie Whealton Smith Drive, Chincoteague, VA 23336 | PK-5 | 1 mi |
Chincoteague High School 4586 Main Street, Chincoteague, VA 23336 | 6-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5061 Bay Colony Ln
Tax History
Tax History for 5061 Bay Colony Ln
Year
Property Taxes
Change
Tax Assessment
Change
2026
$1,689
-5%
$475,700
2%
2025
$1,787
—
$466,700
—
2024
$1,787
19%
$466,700
45%
2023
$1,498
—
$322,100
—
2022
$1,498
24%
$322,100
28%
2021
$1,208
—
$251,700
—
2020
$1,208
6%
$251,700
6%
2019
$1,139
—
$237,300
—
2018
$1,139
-2%
$237,300
—
2017
$1,165
—
$237,800
—
2016
$1,165
—
$237,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5061 Bay Colony Ln
5061 Bay Colony Lane, Chincoteague Island, VA 23336 (MLS# VAAC2002928) is a Single Family property with 3 bedrooms and 2 full bathrooms. 5061 Bay Colony Lane is currently listed for $549,000 and was received on June 03, 2026. Want to learn more about 5061 Bay Colony Lane? Do you have questions about finding other Single Family real estate for sale in Chincoteague Island? You can browse all Chincoteague Island real estate or contact a Coldwell Banker agent to request more information.