An unparalleled waterfront opportunity awaits at 1502 Magruder, boasting deep water access to the James River and breathtaking panoramic views. Following a fire in October 2025, this lot has become the ultimate builder dream or canvas for a buyer ready to bring a custom masterpiece to life. The original foundation and layout are still intact, allowing you to utilize the existing structural footprint or easily expand upon it to accommodate your exact lifestyle needs. There is completely no other property or opportunity matching this on the market right now. Incredible value remains on the land, highlighted by an existing in ground pool that is grandfathered in and ready for repair, alongside a waterfront deck and pier that can also be repaired and reinstalled. Nestled in the heart of Smithfield just minutes from Smithfield Station, dining, and boutique shopping, this property is sold as is and offers a truly unmatched head start for your waterfront dream home. Do not access lot without permission.
Lot/land
Price cut: $20K (8/12)
$399,000
1502 Magruder Rd, Smithfield, VA 23430
--beds
--baths
0.65Acres
Unimproved Land
Built in ----
0.65 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Waterfront deck and pierBreathtaking panoramic views
- 55 days |
- 537 |
- 14 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Anna Paduhovich,
Keller Williams Capital Props. 757-524-2285,
Sherri Johnson,
Keller Williams Capital Props.
Source: REIN Inc.,MLS#: 10639834
Facts & features
Property
Features
- Exterior features: Dock
- Fencing: None
- On waterfront: Yes
- Waterfront features: Deep Water, Dock
- Frontage length: 106'
Lot
- Size: 0.65 Acres
- Features: In Subdivision, .51 to 1.0 Acre
- Residential vegetation: Partially Wooded
Details
- Additional structures: None
- Parcel number: 21A28007
- Zoning: TOWN
Utilities & green energy
- Sewer: Septic
- Water: Public
Community & HOA
Community
- Subdivision: Grimesland
Location
- Region: Smithfield
Financial & listing details
- Tax assessed value: $544,000
- Annual tax amount: $4,257
- Date on market: 6/18/2026
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
$2,703/mo
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,216 +6.2% | $544,000 |
| 2024 | $3,971 +2.8% | $544,000 |
| 2023 | $3,862 -0.1% | $544,000 +21.3% |
| 2022 | $3,865 | $448,400 |
| 2021 | $3,865 | $448,400 |
| 2020 | $3,865 -37% | $448,400 |
| 2019 | $6,131 +62.8% | $448,400 +2.7% |
| 2018 | $3,767 | $436,800 |
| 2016 | $3,767 -1.6% | $436,800 |
| 2015 | $3,826 | $436,800 -1.1% |
| 2014 | $3,826 | $441,700 |
| 2013 | $3,826 +33.3% | $441,700 |
| 2012 | $2,871 -11.4% | -- |
| 2011 | $3,241 +25% | -- |
| 2010 | $2,593 | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | $213,900 |
| 2000 | -- | $213,900 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 23430
Nearby schools
GreatSchools rating
- 6/10Hardy Elementary SchoolGrades: PK-4Distance: 3.3 mi
- 7/10Smithfield Middle SchoolGrades: 7-8Distance: 1.8 mi
- 5/10Smithfield High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Westside Elementary
- High: Smithfield
Source: REIN Inc.. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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