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306 Bay Ave, Cape Charles, VA, 23310

5beds
4baths
5,000sqft
$2,495,000
$499price/sqft
$14,783/moest. monthly cost
$591,320/yrincome needed

About This Home

THE CROWN JEWEL OF BAY AVENUE: A Modernized 3.5-Lot Legacy Estate overlooking the Chesapeake Bay and Cape Charles beach. Experience "Bayholme," a 1914 brick masterpiece that stands as the most significant residential offering in the history of Cape Charles. Situated on an unprecedented 3.5 lots—nearly double the land of neighboring estates—this property offers a level of privacy, scale, and modern infrastructure that is simply impossible to replicate. A MASTERCLASS IN HISTORIC LUXURY From the iconic columns—restored with custom mahogany bases (2017)—to the 900+ sq. ft. wrap-around porch, Bayholme commands attention. Inside, 10.5-foot ceilings, original pocket doors, and a grand foyer staircase anchor the home. The main level features a forward-thinking open flow designed for grand-scale entertaining, featuring a formal dining room, cocktail lounge with gas fireplace, a designer guest powder room, and a sun-drenched family room. Architectural integrity is preserved with a slate roof, copper gutters, and updated double-pane windows. CHEF'S KITCHEN & HOSPITALITY PANTRY Reimagined for the modern host (2023-2025), the kitchen features Quartz counters, floor-to-ceiling custom cabinetry, a 42" SubZero refrigerator, and Miele dishwasher. The 2023 Hospitality Pantry features black marble, a large sink, custom cabinetry, and wine refrigeration. Off the kitchen, a cozy back porch leads to the fenced-in backyard, creating a seamless transition to the outdoor oasis. THE SECOND LEVEL & SPA-PRIMARY SUITE The second floor features five generous bedrooms and the home's second private balcony overlooking the Bay. The Primary Suite is a true sanctuary, featuring custom built-ins and a decorative original fireplace. The 2018 Primary Spa renovation is a masterpiece of design, offering heated floors and shower seating, an ADA-compliant shower with spray system, a freestanding soaking tub, custom cabinetry, and a premium Toto heated bidet. THE PENTHOUSE SANCTUARY (3RD FLOOR) The entire 3rd floor is a 5-star destination featuring a high-end home theater (2023 system), a full kitchenette, gym/office, and a full bath with a Jacuzzi. This level maximizes guest capacity with custom window-seat beds and leads to the highest private balcony on Bay Avenue for unobstructed sunset views. SUPERIOR INFRASTRUCTURE & PEACE OF MIND ELECTRICAL: Heavily updated with modern Romex wiring in all high-load areas (Kitchen, 3rd Floor, Primary Suite, and Garage). HVAC: 3 high-capacity heat pumps (1st floor NEW July 2025) plus a NEW 2026 propane furnace. MASSIVE BASEMENT: One of the home's greatest assets is the expansive, full-footprint basement. Comprising four large rooms with professional storage shelving, it is a storage powerhouse. The basement is equipped with dual sump pumps and a dedicated dehumidifier for total peace of mind. A service stairwell off the pantry leads to a direct-access door to the backyard, creating a perfect "mudroom flow" for beach gear and pets. ESTATE GROUNDS, PARKING & OUTDOOR OASIS Directly across from the beach, the 3.5-lot grounds feature a comprehensive exterior French drain system. The estate includes a private well and Rain Bird irrigation for curated native gardens. The private backyard is an entertainer's dream, featuring brick patios, an Ipe deck, and a luxury outdoor shower with hot/cold water. Storage and parking are unrivaled: an epic 10+ vehicle driveway leads to a detached 2-car garage with rear alley access for golf cart, a massive 10'x20' workshop/kayak storage, and a hard-wired Tesla Charger. RECENT CAPITAL IMPROVEMENTS: 2026: New Propane Furnace & On-Demand Tankless Water Heater 2025: New 1st Floor HVAC (July 2025) 2023: Kitchen/Hospitality Pantry Reno & 2023 Theater System 2023: Maintenance-free Azek Decking & Stairs 2021: 42" SubZero French-Door Refrigerator 2018: Spa-Primary Suite Renovation (Heated Floors/Toto Bidet) 2017: Mahogany Column Base Restoration Updated electrical

Getting Around

59
WalkingSomewhat Walkable
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

4/10
3/10
Northampton MiddleGrades 7-87.7 mi
2/10
Northampton High SchoolGrades 9-127.7 mi

Construction

Condition

  • Property condition: 100 yrs +/-
  • Year built: 1914

Materials

  • Foundation: Basement
  • Roof: Slate,Age 10 yrs +/-
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Range,Oven,Microwave,Dishwasher,Disposal,Refrigerator,Range Hood,Washer,Dryer,Freezer,Gas Water Heater
  • Laundry features: Washer/Dryer Hookup

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Dining Room

  • Features: Eat-in Kitchen,Dining Room,Dining Area,Bar

Features

  • Wet Bar,Walk-In Closet(s)
  • Door features: Storm Door(s)
  • Window features: Window Treatments,Double Pane Windows,Storm Window(s)
  • Number of fireplaces: 2
  • Fireplace features: Two Fireplaces,Living Room,Bedroom
  • Fireplace: Yes
  • Attic: Storage

Heating & Cooling

  • Heating features: Radiator,Electric,Propane
  • Cooling features: Heat Pump,Central Air

Interior Area

  • Total structure area: 5,000
  • Total interior livable area: 5,000 sqft

Property

Details

  • Parcel number: 83A32710

Features

  • Levels: Three Or More
  • Patio & porch: Patio,Deck,Porch
  • Fencing: Fenced
  • Has water view: Yes
  • Water view: Water
  • Waterbody name: Chesapeake Bay

Lot

  • Lot size: 0.47 Acres
  • Features: <.5 acre +/-
  • Lot size dimensions: 0.474

Parking

  • Parking features: Garage,Multi- Car,Detached,Garage Door Opener,Paved
  • Has garage: Yes
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Hurricane
    HurricaneRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Hail
    HailModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Strong Wind
Hurricane
Coastal Flooding
Cold Wave
Drought
Hail
Tsunami

FEMA Declared Disasters Across Virginia Counties

Flood
Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $12,616$151,392
Home Insurance *$1,389$16,668
Property Taxes $297$3,564
Electricity $481$5,779
Total$14,783$177,396
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$506,845/yr
40% on housing$443,490/yr
45% on housing$394,213/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.5%
5.5%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 3.8%
3.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$499This listing

vs Other Active Listings

Avg $/sqft

ZIP 23310$278
Northampton County$252

vs Homes Sold Last Month

Median $/sqft

ZIP 23310
Northampton County$260

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-15Listed for sale$2,495,000
2025-11-08Listing removed$3,100,000
2025-08-09Price change$3,100,000
2025-06-30Price change$3,495,000
2025-06-06Listed for sale$3,900,000
1999-08-03Sold$270,000

For Sale by Agent

AgentKhyber Rooney-Rabdau
BrokerageReal Broker LLC

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