159 Shipwatch Ln, Reedville, VA, 22539
About This Home
Welcome to 159 Shipwatch Lane, an extraordinary Chesapeake Bay waterfront estate featuring a luxurious main residence and barndominium with approximately 5,800 square feet of combined living space. Ideal as a private family compound, luxury waterfront retreat, or investment with proven Airbnb income, this one-of-a-kind property delivers. Wake each morning to breathtaking sunrise views over the Chesapeake Bay, watch commercial ships pass by, and enjoy approximately 167 feet of private sandy beach. The custom 4-bedroom, 4-bath main home features each bedroom with its own private bath and walk-in closet. Vaulted ceilings enhance the open-concept kitchen, family room, and dining area, all perfectly positioned to capture panoramic bay views. 9-foot ceilings throughout the remainder of the home create a spacious feel, while tray ceilings accent the formal dining room and primary suite. The kitchen features gas cooking, and the screened porch with glass panels offers year-round enjoyment of the waterfront. The spacious primary suite includes a fireplace, stunning bay views, two oversized walk-in closets, and a spa bath with a jetted tub and walk-in shower with dual shower heads. Additional features include dual-fuel heating, a whole-house generator, and a fenced backyard. The separate 3-bedroom, 2-bath barndominium is currently operating as a successful Airbnb, offering accommodations for family and guests. It features a custom waterfront patio with a built-in fire pit, bench seating, and a fenced front yard. Enjoy boating, fishing, crabbing, kayaking, and paddleboarding from the private pier equipped with a boat lift, electricity, and water. Relax on the sandy beach while taking in the beauty of the Chesapeake Bay. Properties combining luxury, privacy, exceptional waterfront amenities, and established rental income are rare. 159 Shipwatch Lane is an outstanding opportunity to own one of Reedville's premier Chesapeake Bay waterfront estates, where every day feels like a vacation.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 2026
Materials
- Roof: Asphalt
- Construction materials: Block,Drywall,Frame,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Craftsman,Custom
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Built-In Oven,Cooktop,Double Oven,Dryer,Dishwasher,Exhaust Fan,Electric Cooking,Gas Cooking,Microwave,Propane Water Heater,Range,Refrigerator,Tankless Water Heater,Washer
- Laundry features: Washer Hookup,Dryer Hookup
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 6
- Full bathrooms: 6
Features
- Bedroom on Main Level,Tray Ceiling(s),Ceiling Fan(s),Dining Area,Separate/Formal Dining Room,Double Vanity,Fireplace,Granite Counters,High Ceilings,High Speed Internet,Jetted Tub,Kitchen Island,Bath in Primary Bedroom,Main Level Primary,Pantry,Recessed Lighting,Wired for Data,Walk-In Closet(s)
- Door features: Storm Door(s)
- Flooring: Laminate
- Number of fireplaces: 2
- Fireplace features: Gas,Vented
- Fireplace: Yes
- Attic: Access Only
- Finished area below ground: 0
- Finished area above ground: 5,800
Heating & Cooling
- Heating features: Electric,Heat Pump,Propane
- Cooling features: Central Air,Electric
Interior Area
- Total interior livable area: 5,800 sqft
Property
Details
- Parcel number: 39111
- Zoning description: RES
- Other equipment: Generator
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: Front Porch,Screened,Deck
- Exterior features: Boat Lift,Deck,Dock,Storage,Shed
- Has spa: Yes
- Fencing: Fenced,Mixed
- On waterfront: Yes
- Waterfront features: Beach Access,Bayfront,Bulkhead,Boat Ramp/Lift Access,Waterfront
- Waterbody name: Chesapeake Bay
- Topography of land: Level
Lot
- Lot size: 1.49 Acres
- Features: Beach Front,Waterfront,Level
Parking
- Total spaces: 4
- Parking features: Direct Access,Detached,Finished Garage,Garage,Oversized,RV Garage
- Has garage: Yes
- Attached garage spaces: 4
- Covered spaces: 4
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
- Coastal Flooding
- Hurricane
- Cold Wave
- Drought
- Ice Storm
- Tornado
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Virginia Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $16,433 | $197,196 |
| Home Insurance * | $1,967 | $23,604 |
| Property Taxes | $1,245 | $14,940 |
| Electricity | $558 | $6,703 |
| Total | $20,203 | $242,436 |
Income You'd Need if You Spent...
Virginia FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-13 | Price change | $3,199,950 |
| 2026-08-03 | Listed for sale | $3,249,950 |
View on Zillow