On the Eastern Shore of the DelMarVA peninsula on Chincoteague Island, Virginia, USA (Chincoteague is south of Ocean City, Maryland convenient to Assateague Island, VA. Affordable Unique Luxury Waterfront Vacation Rental House - beds for 9 In 4 bedrooms + sleep sofa. 2 baths + extra vanity. Capacity options vary. Available weekly in Summer: weekends and mid-weeks in Spring, Fall and Winter. Spinnaker is a waterfront vacation holiday rental home in the tranquil private Oyster Bay Community on Chincoteague Island, Virginia, with alluring Water and Bay Views. The house features a Unique Ingenious Richard Vesely Four-level design with bedrooms on three different levels for privacy. Relax and enjoy Three sun decks; screened in porch. Fantastic water-views in three directions.