35
Map
$19,500
↓ $6K (22%)
●
Land -
For Sale
Lot 1862 CAPTAIN'S CORRIDOR
GREENBACKVILLE, VA 23356
Studio
0 Bath
$294
Est. Monthly
$190
HOA / Fees
About This Property
LAKE ERNIE !!! Discover the perfect opportunity to build a dream
home in the sought-after waterfront community of Captain's Cove.
This beautiful .38-acre lot is ideally situated on Lake Ernie,
offering peaceful water views and a tranquil setting. Located in
one of the Eastern Shore's premier resort communities, this
property provides access to an array of amenities, including a
9-hole golf course, indoor and outdoor pools, fitness center,
tennis courts, marina, boat ramp, and waterfront dining. Enjoy a
relaxed coastal lifestyle with year-round recreation and community
events. With no builder tie-in, the flexibility to choose a
preferred builder and design a custom home makes this lot an
exceptional find. Whether as a full-time residence, vacation
retreat, or investment property, this homesite offers endless
potential. Buyer to verify Water Frontage in FT.
Unit Size
-
Days on Market
-
Land Size
0.38 acres
Price per sqft
-
Property Type
Land
Property Taxes
$8
HOA Dues
$190
Year Built
-
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (Bright MLS #VAAC2002922)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 20, 2026 | Price Decreased |
$19,500
↓ $6K
(22%) | |
| Price Decreased | |||
| May 30, 2026 | Listed by Monument Sotheby's International Realty | $25,000 | |
| Listed by Monument Sotheby's International Realty | |||
| Nov 1, 2023 | No longer available | - | |
| No longer available | |||
| Mar 31, 2023 | Listed by HALL REALTY INC | $25,000 | |
| Listed by HALL REALTY INC | |||
| | |||
|
4/1862 Does sitting on you back deck or gazebo looking out over the water as the sunshine glistens over the water while the wildlife live and feed interest you? Then consider this oversized wooded lot (16,550 sq ft.,) with approx. 70' of pond-frontage and has water & Internet availability. This lot is in a highly sought after area of Captains Covebacks to Lake Ernie for additional privacy, close to the entrance, while at the same time, within a mile to all the amenities. Buy now and build later, no time frame to build, just enjoy all the amenities and the lifestyle on the Eastern Shore of VA. Close to Chincoteague Island, Wallops Island and Ocean City MD. HOA amenities; golf, indoor/outdoor pools (2), fitness center, basketball & tennis courts, boat ramp, security & more. Call today.
| |||
| Dec 4, 2022 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Exterior Details
Waterbody Name: Lake Ernie
Lot Features: Wooded
Lot Size Area: 16550
Lot Size Units: Square Feet
Lot Size Acres: 0.38
Lot Size Square Feet: 16550
Tax Lot: 1862
Water Source: Public Hook-up Available, Community
Financial Details
Tax Assessed Value: $20,000
Tax Annual Amount: $100
Utilities Details
Sewer : No Septic System
Location Details
HOA/Condo/Coop Amenities: Boat Slip, Maintenance Grounds, Exercise Course, Fitness Center, Golf Course, Meeting Room, Picnic Area, Tennis Court(s), Playground, Community Center, Library, Marina/Marina Club, Pier/Dock, Pool - Indoor, Pool - Outdoor, Putting Green
HOA Fee: $2,274
HOA Fee Frequency: Annually
Comparables
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ft²
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Closing Price
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HOA + Taxes
About Captains Cove
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Listed by: Christine Caton Murphy
Monument Sotheby's International Realty
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# VAAC2002922
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Monument Sotheby's International Realty
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# VAAC2002922
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