A Waterfront Home on the Chesapeake Bay for Under $100,000? This Poquoson, Virginia Listing Is Turning Heads

Waterfront living is usually reserved for buyers with deep pockets, which is exactly why this listing is stopping people mid-scroll. At 105 Rens Road, Lot 48, in Poquoson, Virginia, a fully updated three-bedroom waterfront home is on the market for just $99,900 after a recent price cut. With direct views of Whitehouse Cove and the Chesapeake Bay, this is the rare chance to own a slice of the water for the price many buyers spend on a down payment alone.

A Waterfront Haven Built for Easy Living

This three-bedroom, two-bathroom manufactured home was built in 2010 and offers roughly 1,120 square feet of comfortable, single-level living. Inside, a spacious, newly updated kitchen features elegant granite countertops, an open layout, and modern appliances that make cooking and entertaining a pleasure. The primary bedroom sits on the main floor, and the home includes a full laundry setup, making day-to-day life simple and low-maintenance.

The real showstopper is outside. A 490-square-foot composite deck and a screened porch wrap the home in water views, letting you soak in bay breezes, watch boaters and paddleboarders drift by, and catch sunsets across the cove. Located on a peninsula, the property feels tucked away from city noise while still sitting just a short drive from grocery stores and everyday amenities in Poquoson.

Resort-Style Living at Whitehouse Cove

Part of what makes this listing so appealing is the community around it. The home sits in Whitehouse Cove, right next to a marina with 150 boat slips and a waterside restaurant. Residents enjoy access to a boat ramp, a fishing pier, a swimming pool, and a paddleboard launch site, all just a short walk from the front door. For anyone who dreams of a boating, fishing, or laid-back coastal lifestyle, the location delivers far more than the price tag suggests.

Understanding the Numbers Behind the Price

The home is listed at $99,900, down from an original price of $135,000 earlier in the listing history, which signals a motivated seller. One important detail buyers should understand: this home sits on leased land, with a recorded land-lease amount of $1,890. Land-lease arrangements are common in waterfront and manufactured-home communities and are a major reason the purchase price can stay so low. Because lease terms and fees vary, buyers should confirm the exact amount, what it covers, and the lease length directly with the listing agent before making an offer.

Financing a Manufactured Home: FHA, Chattel, and VA Loans

Financing a manufactured home works a little differently than financing a traditional single-family house, especially when the home is on leased land. Many buyers in this situation use a chattel loan (also called a personal property loan), which is designed specifically for manufactured homes that are not sold together with the land. Others may qualify for an FHA Title I loan, a government-backed option built for manufactured housing.

Eligible veterans and service members may also explore VA loan options for qualifying manufactured homes, while buyers who later purchase land outright may have access to traditional mortgage products. Because rates and terms differ widely between these programs, it pays to compare current mortgage rates from multiple lenders and get pre-qualified before you shop, so you know exactly what your monthly payment and down payment will look like.

Flood and Home Insurance on Waterfront Property

Owning waterfront property on the Chesapeake Bay comes with one cost buyers should plan for early: insurance. In coastal and low-lying areas, lenders typically require flood insurance in addition to standard home insurance, and premiums can vary significantly based on elevation and flood-zone designation. Before committing, request a tailored insurance quote and review the property’s flood-risk profile so there are no surprises after closing. Factoring these costs into your budget upfront is the smartest way to keep a low purchase price genuinely affordable.

Who This Home Is Perfect For

This property is ideal for first-time buyers priced out of traditional waterfront homes, retirees seeking a low-maintenance coastal lifestyle, boating and fishing enthusiasts, and anyone wanting a weekend getaway on the water without a seven-figure budget. With strong, highly rated Poquoson schools nearby and a tight-knit waterfront community surrounding it, the home blends affordability with a lifestyle most buyers assume is out of reach.

Frequently Asked Questions

How much is the waterfront home at 105 Rens Road, Lot 48 in Poquoson, VA?

The home is currently listed at $99,900, reduced from a previous price of $135,000.

Is the home on owned or leased land?

The manufactured home is located on leased land, with a recorded land-lease amount of $1,890. Buyers should confirm the lease terms and fees with the listing agent.

What kind of loan can I use to buy a manufactured home on leased land?

Common options include chattel (personal property) loans, FHA Title I loans, and, for eligible buyers, VA loans. A local lender can confirm which program fits your situation.

Does waterfront property require flood insurance?

In most coastal and low-lying areas, lenders require flood insurance in addition to standard home insurance. Always request a quote and review the flood-zone designation before buying.
Detais under gallery

Listing Details

The waterfront home at 105 Rens Road, Lot 48, Poquoson, VA 23662 is listed at $99,900 (MLS #11602887). You can view all photos and full property details on the official listing here: View this property on Zillow.

All prices, lease figures, loan details, and insurance information are based on publicly available listing data and are provided for general informational purposes only. Figures are estimates and may change. Buyers should verify pricing, lease terms, loan eligibility, and insurance requirements with the listing agent, a licensed lender, and an insurance provider before making any purchase decision.