9,072 sqft

$1,900,000

7023 Maddox Blvd, Chincoteague VA, 23336

Price per sqft$209.44

Built in1980

Property size9,072 sqft

Property typeCommercial

Overview

Active

Listed Nov 9, 2025

Updated Sep 8

Exceptional Investment Opportunity! Discover The Reef Hotel, a boutique hotel on beautiful Chincoteague Island, VA- 1 mile from one of the most visited National Parks in the Country. This well-maintained hotel features 12 spacious villas & 2 charming guest cottages, offering a total of 14 income-generating accommodations. Guests can enjoy an indoor heated swimming pool, allowing the property year-round revenue. Ideally situated 1 mile from the National Wildlife Refuge & the pristine Assateague beaches, the property is centrally located on Maddox Blvd & all the Island's attractions. This is an outstanding opportunity for investors seeking an established & thriving hospitality business in a sought-after vacation destination. Don't miss out on this rare chance to own a premier property!

Additional information

MLS^® ID: 65438

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.95 Acres

Other Property Details

Waterfront: Yes

Listed by Jenny Barker with Coastal Shore Real Estate - Chincoteague
Listing Contact: 917-612-8799

The IDX display contains information sourced from the Eastern Shore Association of REALTORS® as of 9/8/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 9/8/2026 at 9:19 PM UTC