$8,016 Closing Credit¹
#62143, Lynne Ballerini, America Pace, Listing office: DOCKSIDE PROPERTIES
$598,000 List price
5061 Bay Colony Ln Chincoteague, VA 23336
$7,101
Closing credit¹
3 beds
2 full
1,540 sqft
0.3 acres
$388 / sqft
House
Property details
About 5061 Bay Colony Ln
Wake up to breathtaking bay views from one of your two private decks and the first-floor primary suite in this impressive beach retreat! Perfectly positioned on the island of Chincoteague in the favorite development of “Bay Colony.” This beautifully maintained home offers the ideal blend of comfort and coastal charm. Lovingly used as a second home, this 3-bedroom residence includes 2 full bathrooms to comfortably accommodate family and guests. Step inside to find a bright, open concept living space that flows effortlessly onto a generous porch and wrap around decks where you can relax and savor the salty mist with sights and sounds of island life. Most Furnishing convey.
Highlights
Home typeSingle Family Residence
HeatingHeat Pump, Electric
StatusActive
CoolingHeat Pump, Central Air
Size1,540 sqft
Lot size0.32 Acres
Year built2003
ParkingNo Garage, Driveway
MLS #64530
ViewWater
Summary
- Full Bathrooms: 2
- Appliances: Electric Water Heater, Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
- Flooring Type: Carpet, Tile
- Fireplace: None
- Total Bedroom Count: 3
- Attached Garage: No
- Parking: No Garage, Driveway
- View: Water
- Architectural Style: Beach House
- Heating: Heat Pump, Electric
- Cooling: Heat Pump, Central Air
- List Price: $598,000
- Price/SqFt: $388
- Directions: From Bridge turn left on Main St turn left on Bay Colony. Home on right sign on property.
- Year Built: 2003
- Living Area: 1,540 SqFt
- Lot Size: 0.32 Acres
- MLS Number: 64530
- MLS Name: EasternShore
- Office Name: OCEAN EAST REALTY
- Office Phone: (757) 336-2222
- Listing Agent: Linda W. Budd Assoc. Broker, Gri,Abr
Copyright Eastern Shore Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/11/2025, 11:45:39 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$598,000
5061 Bay Colony Ln
$7,101
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
7
Chincoteague Elementary School
Public District PK-5
1.1 mi
•6078 Hallie Whealton Smith Dr
2
Kegotank Elementary School
Public District PK-5
13.3 mi
•13300 Lankford Highway
4
Metompkin Elementary School
Public District PK-5
20.0 mi
•24501 Parksley Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $42,650. Most Chincoteague, VA residents have annual incomes less than $<35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
44%
<35k
28%
35k-100k
24%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
41%
Single, No Kids
7%
Single, with Kids
38%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
5%
12-17 yrs old
12%
18-34 yrs old
45%
35-64 yrs old
28%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Figure Skating
Soccer
Where do the neighbors shop?
Stein Mart
Kmart
Old Navy
Where do the neighbors go to eat?
Bob Evans
Jimmy Johns
Arbys
What do the neighbors drive?
Lincoln
Buick
GMC
What do the neighbors listen to?
News/Talk/Information
Adult Standards
Oldies
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5061 Bay Colony Ln
The listing price of 5061 Bay Colony Ln property is $598,000.
The property 5061 Bay Colony Ln is a house located in Chincoteague, Virginia, 23336.
Active Listing: 5061 Bay Colony Ln is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5061 Bay Colony Ln are: Chincoteague Elementary School (GreatSchools Rating 7/10), Kegotank Elementary School (GreatSchools Rating 2/10), Metompkin Elementary School (GreatSchools Rating 4/10), Arcadia Middle School (GreatSchools Rating 3/10), Pocomoke Middle School (GreatSchools Rating 8/10), Snow Hill Middle School (GreatSchools Rating 6/10), Chincoteague High School (GreatSchools Rating 6/10), Arcadia High School (GreatSchools Rating 3/10), Pocomoke High School (GreatSchools Rating 5/10).
The property at 5061 Bay Colony Ln has 3 bedrooms and 2 bathrooms.
The property 5061 Bay Colony Ln is 1,540 SqFt (source: MLS/tax record).
The year of construction for 5061 Bay Colony Ln is 2003.
This home is located at 5061 Bay Colony Ln in Chincoteague, VA and zip code 23336. This 1,540 square foot home, which was built in 2003, sits on a 0.32 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 7, 2025 and is currently priced at $598,000.
The number of homes for sale in Chincoteague, VA increased by 21.1% between April and May 2025. In May 2025, listings were on the market for 138 days. During the same period, the median list price in this real estate market was $480,000.
From Rocket Homes Real Estate and based on county public records data.