See Home Value
$878,000 - $1,072,000
House - Off Market

20 Kings Bay

Cape Charles, VA 23310
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2869 Sqft
Sold Mar 18, 2024
$965,000
$723,750 by First Home Mortgage Corp
Mortgage Due Apr 01, 2054
Sold Apr 27, 2021
$495,000
$336,000 by Townebank
Mortgage

About This Property

Discover coastal luxury in this beautifully renovated (2021) 4 bed, 3 bath home nestled in the coveted Bay Creek Community. Offered fully furnished, this property is a standout vacation rental with an impressive six-figure annual earning history. Enjoy a crows nest, an oversized great room, and expansive outdoor living areas. More than just a home, it's an ideal second home that pays for itself, offering relaxation and an ideal investment opportunity. This haven awaits in the heart of Cape Charles, with amenities like golf, a clubhouse, pools, beaches, playgrounds, tennis, and the security of a gated community. Existing bookings for Spring/Summer 2024 are in place, and the seller kindly requests their honored continuation. Don't miss this chance to own a lovely retreat that combines luxury with excellent passive income potential, and the charm of Cape Charles living. Agent related to seller.

The manager has listed the unit size as 2869 square feet.
Unit Size
2,869Ft²
Days on Market
-
Land Size
-
Price per sqft
$340
Property Type
House
Property Taxes
$325
HOA Dues
$165
Year Built
2006

Price History

Date / Event Date Event Price
Feb 24, 2024 No longer available -
No longer available
Jan 4, 2024 Listed $975,000
Listed
Apr 27, 2021 Sold $495,000
Sold
Jul 30, 2017 Listed $459,000
Listed
Beautiful British West Indies Style Custom Build Home located in the gated beachfront community of Kings Bay. Many custom upgrades throughout this home including hardwood floors, cedar siding & coffer and tray ceilings and metal roof. Large open living area with expansive decks and windows galore. 4th bedroom is currently used as a formal dining room. Enjoy the amazing sunsets from the third floor tower overlooking the Chesapeake Bay. Enjoy all of many amenities Bay Creek offers: two…

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Mansard
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 572
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,869
  • Building Area: 2,869
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,869
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KINGS BAY SD
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 179 KINGS BAY PHASE IV

Ownership

  • Current Owner : KOSTRO STEPHANIE SANOK
  • Current Owner 2: KOSTRO RICHARD
  • Previous Owner : LIGHTHOUSE REAL ESTATE MANAGEMENT II LLC
  • Owner Before Previous Owner: WATHEN RICHARD
  • Owner Before Previous Owner 2: COLLINS NANCY
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Northampton County Public Schools
  • Census Tract: 930301

Geography

  • Account Number: 10000542
  • District: TCC
  • Subdivision Phase Number: 4
  • Parcel: 83A1-12-179
  • Lot: 179
  • Municipality: TOWN OF CAPE CHARLES
  • Latitude: 37.2762
  • Longitude: -76.0137

    Address

  • Full Address: 20 Kings Bay Dr
  • Address - House Number: 20
  • Address - Street Name: Kings Bay
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Cape Charles
  • Carrier Code: C001
  • 4-Digit Zip Code: 2775
  • Zip Code: 23310

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,894

    Appraisal Valuation

  • Standard Deviation: 0.0929
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 952,451
  • High Value: 1,040,968
  • Low Value: 863,934

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $723,750
  • First Open Lien Mortgage Lender: FIRST HOME MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Mar 18, 2024
  • First Open Lien Mortgage Loan Amount: $723,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2054

    Market Valuation

  • Market Total Value: $512,400
  • Market Land Value: $80,200
  • Market Improvement Value: $432,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $512,400
  • Assessed Land Value: $80,200
  • Assessed Improvements Value: $432,200

    Sales

  • Current Sale Contract Date: Mar 14, 2024
  • Current Sale Recording Date: Mar 18, 2024
  • Current Sale Transaction ID: 11923695559
  • Current Sale Price: $965,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 459
  • Previous Sale Recording Date: Apr 27, 2021
  • Previous Sale Contract Date: Apr 23, 2021
  • Previous Sale Amount: $495,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST HOME MORTGAGE CORP
  • First Mortgage Transaction Date: Mar 18, 2024
  • First Mortgage Loan Amount: $723,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2054

    Previous Mortgages

  • Previous Mortgage Lender: TOWNEBANK
  • Previous Mortgage Transaction Date: Apr 27, 2021
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $336,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Credit Line (Revolving)



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
3 Baths
2,604 ft²
$382/ft²
$995,000 Jan 4, 2024
-
$449/mo
House
3 Beds
3.5 Baths
1,870 ft²
$481/ft²
$899,500 Jul 20, 2023
-
-

About Cape Charles


Similar Homes for Sale

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Unit for sale at 9 Kings Court, Cape Charles, VA 23310

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Nearby Rentals



Frequently Asked Questions

When was property at 20 Kings Bay Drive built and last sold?
The property at 20 Kings Bay Drive was built in 2006 and last sold on Mar 14, 2024 for $965,000.
How much is this home worth?
The estimated value of the home located at 20 Kings Bay Drive is $981,443.
What are some comparable homes to 20 Kings Bay Drive?
There are currently no comparable homes to 20 Kings Bay Drive.

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