For sale

Price cut: $277K (7/11)

$998,000

5403 Pearl Dr, Chincoteague Island, VA 23336

4beds

2,148sqft

$5,815/mo

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Single Family Residence

Built in 2022

10,515 Square Feet Lot

$974,400 Zestimate^®

$465/sqft

$-- HOA

What's special

Private balconyExpansive unfinished basementBeautiful viewsBulkheaded canal accessHigh ceilingsOpen floor planCanal-front living

Enjoy canal-front living in Chincoteague's Oyster Bay community with beautiful views. Enter a bright foyer into an open floor plan with high ceilings and luxury vinyl plank flooring. The kitchen offers quartz counters, stainless appliances, induction cooktop & casual bar, flowing into sunlit living and dining areas that open to a large deck. Also on the main floor are two bedrooms, guest bath, laundry room, and office with deck access. Upstairs, a loft and fourth bedroom/media room complement the spacious primary suite with private balcony and luxurious spa bath. Below, an expansive unfinished basement offers storage. Outside, enjoy bulkheaded canal access—perfect for boating, kayaking, and fishing. Assateague's beaches and island attractions are just minutes away!

207 days

629

16

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Dining room

Features: Dining Area, Bar

Heating

Heat Pump, Forced Air, Electric

Cooling

Heat Pump, Central Air, Electric

Appliances

Included: Range, Microwave, Dishwasher, Refrigerator, Range Hood, Washer, Dryer, Gas Water Heater
Laundry: Washer/Dryer Hookup

Features

Walk-In Closet(s), 1st Floor Bedroom, Other
Doors: Insulated Doors
Windows: Window Treatments, Double Pane Windows
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 2,148
Total interior livable area: 2,148 sqft

Video & virtual tour

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Property

Parking

Parking features: Other
Has garage: Yes

Features

Levels: Two
Patio & porch: Deck, Porch
Exterior features: Other
Has spa: Yes
Spa features: Bath
On waterfront: Yes
Waterfront features: Waterfront, Seawall
Body of water: Canal Front
Frontage length: Water Frontage: 87

Lot

Size: 10,515 Square Feet
Dimensions: 10,515 sqft
Features: <.5 acre +/-

Details

Parcel number: 031B10900004500
Zoning description: Residential

Construction

Type & style

Home type: SingleFamily
Architectural style: Contemporary,Beach House
Property subtype: Single Family Residence

Materials

Vinyl Siding
Foundation: Pillar/Post/Pier
Roof: Composition,Age 0-9 yrs +/-

Condition

1-5 yrs +/-
New construction: No
Year built: 2022

Utilities & green energy

Sewer: Septic Tank
Water: Public

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: Oyster Bay

Location

Region: Chincoteague Island

Financial & listing details

Price per square foot: $465/sqft
Tax assessed value: $771,500
Annual tax amount: $2,955
Date on market: 1/23/2026

Estimated market value

$974,400

$926,000 - $1.02M

$2,497/mo

Price history

Date	Event	Price
7/11/2026	Price change	$998,000-21.7%$465/sqft
Source: Eastern Shore AOR #66749 Report a problem
4/6/2026	Price change	$1,275,000-7.3%$594/sqft
Source: Eastern Shore AOR #66749 Report a problem
1/23/2026	Listed for sale	$1,375,000$640/sqft
Source: Eastern Shore AOR #66749 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,955	$771,500
2024	$2,955 +95.6%	$771,500 +137.5%
2023	$1,511 +47.8%	$324,900 +47.8%
2022	$1,022 -2.9%	$219,800 +0.2%
2021	$1,053	$219,400
2020	--	$219,400 +0%
2019	$1,053 0%	$219,300
2018	$1,053 -5.9%	$219,300 -3.9%
2017	$1,118	$228,200
2016	$1,118 -5.9%	$228,200 -5.9%
2015	$1,188	$242,500
2014	$1,188	$242,500 -0.4%
2013	$1,188 +3.8%	$243,500
2012	$1,144 +17.3%	$243,500 -5.2%
2011	$976	$256,800
2010	$976	$256,800