Surround yourself with wildlife on Chincoteague Island, the inhabited neighbor to the federally protected Assateague Island, a wildlife sanctuary that boasts more than 320 species of birds in addition to the famous wild horses. With more than 37 miles of sandy beach and miles of hiking and biking trails, Assateague Island offers ample vacation entertainment. You can go crabbing or fishing in designated areas, look for herons and egrets or, naturally, commune with the wild ponies.
The property we identified is just over four hours from Washington, D.C., adjacent to the community ramp that launches boats into the waterway leading to Oyster Bay. Listed at $339,000, it’s a furnished, three-bedroom, two-bathroom house on a 0.3-acre lot that reaped $10,356 in rental income last year. The owners pay $560 a year in homeowners association dues, $371 for flood insurance and $890 for property taxes.