$125,000 for 2,253 Square Feet? This Virginia Fixer-Upper Is a Rare Find — If You’re Willing to Do the Work

Every once in a while, a listing pops up that makes you do a double take on the price. This 1940s colonial in Exmore, Virginia is one of them: 3 bedrooms, 2 bathrooms, and a generous 2,253 square feet — all for $125,000, or just $55 a square foot.

It’s not move-in ready. But for the right buyer, that’s exactly the appeal.

The Quick Facts

• Price: $125,000 ($55/sqft)
• Address: 7486 Stewarts Wharf Rd, Exmore, VA 23350
• Bedrooms / Bathrooms: 3 bedrooms, 2 full bathrooms
• Square Footage: 2,253 sqft
• Lot Size: 1.3 acres
• Year Built: 1940
• Annual Property Tax: $870
• HOA Fees: $0

The listing itself doesn’t shy away from what this house needs — it’s marketed with the tagline “Potential, Potential, Potential,” and the condition is officially listed as Fixer. What you’re buying here is a solid two-story colonial shell with real bones, on a full acre-plus lot, at a price that leaves plenty of room in the budget for renovations.

What’s Actually Here

Despite the “fixer” label, this isn’t a stripped-down shell. The home already has:

• Two full stories with hardwood flooring
• A decorative fireplace
• Baseboard hot water heating
• A crawl space foundation with an attic for extra storage
• Vinyl and wood siding with a composition roof
• 4 off-street parking spaces
• A private well for water and a septic system — no city utility bills to worry about
• No HOA, meaning no monthly fees and fewer restrictions on renovation work

There’s no central air listed, so cooling is something a buyer would likely want to budget for, especially given Virginia’s warm, humid summers.

Setting: Wooded, Quiet, and Water-Adjacent

The property sits on a wooded 1.3-acre lot with views of marsh and trees — technically not classified as waterfront, but close enough to the water to enjoy the view without the waterfront price tag or flood insurance premium that often comes with it. In fact, the property sits in FEMA Flood Zone X (unshaded), meaning it carries a minimal flood risk — a meaningful plus for coastal Virginia real estate.

The listing describes it simply: “This beautiful home is surrounded by the serenity of the peaceful wooded area. Turn this into your own pleasant refuge right in your own backyard.”

What to Know Before You Make an Offer

A 1940-built home at $55/sqft is a bargain on paper, but “Fixer” condition means a buyer should walk in with eyes open:

• No central cooling system — budget for adding AC or a mini-split setup.
• Well and septic systems — have both inspected before closing; replacement or repair costs can add up on an 80+ year old property.
• Renovation costs — factor in an inspection to understand what “Fixer” actually covers structurally, electrically, and in the roof/foundation.
• School ratings — nearby Occohannock Elementary, Northampton Middle, and Northampton High all carry GreatSchools ratings in the 2–3 out of 10 range, worth factoring in for buyers with kids.

The Bottom Line

At $125,000 for 2,253 square feet on over an acre of wooded, low-flood-risk land with no HOA, this is the kind of listing that tends to disappear quickly — especially for investors, renovators, or anyone chasing sweat equity in a quiet coastal Virginia setting.

Frequently Asked Questions

Is this property waterfront? No. It has views of marsh and trees but is officially classified as not waterfront.

What condition is the home in? The listing describes the home’s condition as “Fixer,” meaning it will likely need renovation work. It is not new construction.

Does the home have air conditioning? No central cooling system is listed for this property.

What are the water and sewer systems? The home uses a private well for water and a septic tank for sewage — there’s no connection to municipal utilities.

Are there HOA fees? No. This property has no HOA.

What’s the flood risk? The property is located in FEMA Zone X (unshaded), which is classified as a minimal-risk flood area.

Listing details sourced from Zillow (MLS #10648816, source: REIN Inc.). Listing agent: Anthony Leggett, Swell Realty Co. Prices, taxes, and availability are subject to change — always verify current details directly with the listing agent before making any decisions.