Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Lot 147 SEA MIST CT Horntown, VA 23395

    View on Map
    For Sale
    $49,900

    Land - HORNTOWN, VA

    Lot size:
    0.10 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    24
    Last Refresh:
    Apr 2 at 4:06 am

    Property Features for Lot 147 SEA MIST CT

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Expense value
    1043
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Robert Faith, ABR

    Listing agent Robert Faith, ABR

    Listing office DOCKSIDE PROPERTIES 4105 Main Street, Chincoteague Island, VA

    Listing date Mar 10, 2026

    MLS# 70991 Listing URL

    Copyright © 2026 Eastern Shore Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterview Lot with Camper Included

    This 0.1-acre waterview lot is located in a cul-de-sac and offers views of the creeks connected to the Chincoteague Bay. The property is approved for an alternate septic system and includes a fifth wheel camper. Residents have access to a range of amenities, including a pool, dock, fishing pier, crabbing pier, marina, clubhouse, boat ramp, boat slips, pavilion, playground, and pickleball court. The property is located in Horntown, Virginia.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Horntown
    County
    Accomack
    State
    Virginia
    Longitude
    -75.4655
    Latitude
    37.9733

    Nearby Similar for Sale

    • $49,000

      Waterfront Lot in Gated Community

      3+ acre lot in waterfront gated community with amenities.
      Lot 42 CORBIN HALL LN, HORNTOWN, VA 23395
      View Details
    • $149,000

      Exclusive Waterfront Land on Chincoteague

      Three-acre estate lot with 360-degree views of islands and bay.
      Lot 14 CORBIN HALL LN, HORNTOWN, VA 23395
      View Details
    • $84,900

      Land with Camper and Amenities

      Land with camper, outbuilding, and community amenities in Horntown.
      Lot 438 SWAN DR, HORNTOWN, VA 23395
      View Details
    • $85,000

      Waterview Lot in Trails End

      Land with septic and community amenities in Horntown, Virginia.
      Lot 22 WALLOPS DRIVE, HORNTOWN, VA 23395
      View Details
    • $163,500

      HORNTOWN Land with Camping Amenities

      Land with access to pool, clubhouse, boat ramp, and more.
      354-355* SEA BASS DR, HORNTOWN, VA 23395
      View Details
    • $39,900

      Land with Community Amenities

      Land with access to pool, dock, and more.
      Lot 630 PINTAIL DR, HORNTOWN, VA 23395
      View Details
    • $63,000

      Land with Camper and Room

      Land with camper, room, and access to community amenities.
      Lot 271 BREAM DR., HORNTOWN, VA 23395
      View Details
    • $69,900

      Land with Community Amenities

      Two lots with septic and community recreational features.
      51&52 MALLARD DRIVE, HORNTOWN, VA 23395
      View Details
    • $50,000

      Scenic Land with Move-In Ready Camper

      Land with privacy, views, and immediate usability in Horntown, VA.
      Lot 175 BLACK OAK CT, HORNTOWN, VA 23395
      View Details
    • $130,000

      Recreational Land with New Camper

      Land with new camper, septic, shed, and community amenities.
      Lot 26 BAY BREEZE CT, HORNTOWN, VA 23395
      View Details
    • $99,900

      Corner Lot with Septic System

      Turn-key corner lot with camper, shed, and community amenities.
      Lot 97 CARDINAL LN, HORNTOWN, VA 23395
      View Details
    • $99,900

      Cleared Lot with Park Trailer

      Cleared lot with park trailer and community amenities in Horntown.
      Lot 349* BLUE POINT DR, HORNTOWN, VA 23395
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Oversized waterview lot with camper and community amenities.
    Where is this residential land & home lot located?
    The property is located at Lot 147 SEA MIST CT Horntown, VA.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: Waterview cul de sac lot with beautiful views of creeks attached to Chincoteague Bay.; Includes lot and fifth wheel camper.; Access to a wide range of amenities: pool, dock, fishing pier, crabbing pier, marina, clubhouse, boat ramp, boat slips, pavilion, playground, pickleball court.
    (757) 894-1479
    We can help!
    Listing Contact
    Robert Faith, ABR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!