Subject to Online Sale ending July 10 @ 2:00 PM, List price is opening offer amount and may not reflect the final sales price. Property tour is scheduled for July 2nd @ 2PM. Seller is considering presale offers. This extraordinary 1.045-acre waterfront parcel represents a once-in-a-lifetime opportunity to secure premium Chesapeake Bay frontage on Virginia's coveted Gwynns Island - known as the "Jewel of the Middle Peninsula." With its protected location on Hills Bay and unobstructed western exposure, this property delivers breathtaking sunset views 365 days a year. Turn-Key Rental Income: The existing home (built 1953, updated 2024) provides immediate rental income while you design and plan your custom waterfront estate. When you're ready to build your dream home, you'll have over an acre of pristine waterfront to work with. Imagine floor-to-ceiling windows capturing those legendary Chesapeake sunsets, expansive decks overlooking the protected waters, and your private deep-water access for boating. Gwynns Island Exclusivity: Accessible only by swing bridge, this island community of just 600 residents offers privacy and prestige that's increasingly rare. The protected waters of Hills Bay provide calmer conditions perfect for kayaking, fishing, and swimming, while still offering direct access to the main Chesapeake Bay. 60 minutes from Williamsburg & Yorktown 60-90 min from Richmond, Norfolk, and Virginia Beach 3 hours from Washington DC. Immediate income generation from the existing home while you hold one of the most desirable development sites on the Chesapeake Bay. WHY GWYNNS ISLAND? Mathews County boasts over 200 miles of Chesapeake Bay shoreline and is renowned as the "Pearl of the Chesapeake." Gwynns Island represents the crown jewel of this region. Properties of this caliber on Gwynn’s Island are extraordinarily rare. The combination of size, location, water views, and immediate income potential creates a unique opportunity for those seeking the ultimate Chesapeake Bay lifestyle.