If it wasn't a launch area it would probably not be a wildlife refuge, especially since there is already an existing refuge, Assateague Island, right next door.
It would most likely be packed with vacation homes, just like the rest of the Mid-Atlantic shoreline.
Disclaimer: I saw this launch from Assateague and it was awesome. I was too far away to see any flying frogs, but the mosquitos and bats did not seem too upset where I was.