Description: Here is a great opportunity to own a large elevated piece of property on Chincoteague Island, listed at less than tax assessed value, that overlooks Assateague Channel and the lighthouse! The property is located on the quiet side of the Island where you can also enjoy the Island's beautiful sunrises! This has been a one family owned property for over 125 years and 3 generations of watermen. Potential abounds with the nice large elevated lot where the home sits. The home is in need of some TLC and is being sold "as is", but the prospects are numerous here!! Don't let this opportunity slip away! Waterfront dock property across the street can be included in this purchase for $159,000.