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Virginia Beach › BAY COLONY › 1005 Bay Colony Dr✓ Source: REIN MLS #10640655 · record updated Jun 28, 2026 · synced every 2 min · your inquiry is never resold
1005 Bay Colony DR, VIRGINIA BEACH VA 23451 - Main photo
1005 Bay Colony DR, VIRGINIA BEACH VA 23451 - Photo 2
1005 Bay Colony DR, VIRGINIA BEACH VA 23451 - Photo 3
1005 Bay Colony DR, VIRGINIA BEACH VA 23451 - Photo 4
1005 Bay Colony DR, VIRGINIA BEACH VA 23451 - Photo 5
4beds
4baths
3,300sqft
47days on market

1005 Bay Colony Dr, Virginia Beach, VA 23451

ActiveResidential · built 1955 · BAY COLONY

Chapter · The Water

Life on the water

The waterfront is the reason this home exists. Its water record, straight from the listing: Deep Water.

Frontage

Waterfront ✓ VERIFIED

Access

Deep-water access

Source: REIN MLS listing record · waterfront features as listed

Facts & features

Type

Residential

Year built

1955

Price / sqft

$742

HOA

None

Taxes

$9,675/yr

County

Virginia Beach VA

Waterfront

Yes

MLS #

10640655

Interior

Bedrooms
4
Full baths
4
Approx. sqft
3,300
Stories
1
Flooring
Ceramic, Wood
Ensuite bedrooms
1
First-floor bed & full bath
Yes
Total rooms
8
Other rooms
1st Floor BR, 1st Floor Primary BR, Attic, Breakfast Area, Foyer, Office/Study, Utility Room
Appliances
Dishwasher, Disposal
Equipment
Cable Hookup
Accessibility
Main Floor Laundry

Construction & exterior

Style
Ranch, Traditional
Subtype
Detached
Foundation
Crawl
Roof
Other
Exterior
Brick
Pool
No Pool
Fencing
Partial
Waterfront
Deep Water
Deep-water access
Yes

Utilities & systems

Heating
Electric, Oil
Cooling
Central Air
Water heater
Electric
Water
City/County
Sewer
City/County

Lot, parking & ownership

Lot size
1.2500
Subdivision
BAY COLONY
Ownership
Fee Simple
Garage
Yes
Parking
Garage Att 2 Car, Driveway Spc
Possession
SETTLEMENT
Disclosures
Disclosure Statement

See more Virginia Beach waterfront homes.

Sources: REIN MLS record · city assessor · null fields are suppressed, never faked

About this home

Exceptional waterfront home on Bay Colony Drive, set on approx. 1.25 acres across two lots. Located on a tidal lake off Linkhorn Bay, this private, park-like property is just minutes from the ocean. Originally built in 1954 and fully renovated in 2007, the brick home features 4 bedrooms, 4 baths, a sunroom, and a spacious primary suite. Quality construction and updates throughout, including a newer Carrier 4-ton heat pump. Beautifully landscaped with mature trees, tall hedges, and a circular drive for added privacy. Enjoy peaceful water views from the charming gazebo. A rare opportunity to own one of the finest lots in Bay Colony offers space, privacy, and coastal living at its best.

Listing courtesy of Chastity Ferguson · Atkinson Realty · REIN MLS #10640655

Tom & Dariya's overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · Brokered by LPT Realty

At a glance

1005 Bay Colony Drive is a four-bedroom, four-bath home in Virginia Beach's 23451 zip code, offering 3,300 square feet of space on a property built in 1955 — roomy, well-positioned, and just minutes from NAS Oceana and the Atlantic shoreline.

Keep searching in Virginia Beach

See all Virginia Beach homes for sale, including homes for sale in 23451, homes for sale zoned for Cox High School, and homes for sale zoned for Linkhorn Park Elementary School. Browse every listing among homes for sale in Virginia Beach — updated from the REIN MLS every few minutes. Nearby, look at Bay Colony homes for sale, Virginia Beach waterfront homes for sale, Virginia Beach condos and townhomes for sale, and new construction homes in Virginia Beach.

Read the full overview ↓

Why this home stands out

What sets 1005 Bay Colony Drive apart is the combination of genuine square footage — 3,300 feet across four bedrooms and four full baths — and a 1955 build that carries the kind of structural solidity and lot presence newer subdivisions rarely offer. You're in a quiet residential pocket of Virginia Beach with Bay Colony Park less than half a mile away, two military installations within a short drive, and a handful of genuinely good restaurants practically around the corner.

BAY COLONY and the Virginia Beach real estate market

Bay Colony sits in the northern reaches of Virginia Beach, tucked between the resort strip and the calmer, tree-lined blocks that longtime locals tend to prefer. The streets here have a settled, unhurried character — wide lots, mature landscaping, and neighbors who have put down real roots. It's the kind of address that draws people who want proximity to the ocean without the noise of the tourist corridor. Virginia Beach itself is one of the largest cities by land area in the country, which means you get genuine variety: coastal neighborhoods, inland suburbs, military communities, and a downtown arts scene, all within one city boundary. The 23451 zip code covers some of the most sought-after real estate in the region, and Bay Colony sits comfortably within it — close enough to the Cavalier Hotel district to feel the energy, far enough away to keep things quiet on a Tuesday evening.

What's nearby

Bay Colony Park is a four-minute walk from the front door — a genuine neighborhood green space that earns regular use. For dinner, Becca Restaurant & Garden and the Hunt Room are both under a mile away, giving you two solid options without a highway in between. The Cavalier Grand Lawn, about a mile out, hosts outdoor events and offers sweeping grounds worth the short drive. Grocery runs, pharmacies, and everyday errands are all handled quickly along the Virginia Beach Boulevard and Shore Drive corridors, keeping daily logistics straightforward.

For different buyers

For military families relocating

NAS Oceana is eight minutes away, and Dam Neck Annex is twelve — both without touching a highway interchange during peak hours. That kind of commute reliability matters when schedules shift on short notice. A VA loan can make a property like this work efficiently for eligible buyers, and the four-bedroom layout gives you room to grow through multiple tour cycles without feeling cramped.

For buyers drawn to character

A 1955 build in this zip code means bones that newer construction simply doesn't replicate — thicker walls, larger lots, and a streetscape that has aged into something genuinely attractive rather than uniform. Families comparing homes for sale zoned for Cox High School and homes for sale zoned for Linkhorn Park Elementary School will find that Bay Colony checks both boxes while also delivering the kind of architectural character that makes a house feel like it has a story worth continuing.

More buyer questions

How far is 1005 Bay Colony Drive from NAS Oceana?

NAS Oceana is approximately eight minutes from 1005 Bay Colony Drive under typical traffic conditions, making it one of the more convenient off-base addresses for personnel stationed there.

How far is 1005 Bay Colony Drive from Dam Neck Annex?

Dam Neck Annex is about twelve minutes away, a straightforward drive that avoids most of the congestion points common to Virginia Beach's busier corridors.

What is the flood zone status for 1005 Bay Colony Drive?

Flood zone information for this address is detailed in the FloodRisk tile on this page, which pulls current FEMA map data — check there for the most accurate and up-to-date designation.

Is there an HOA at 1005 Bay Colony Drive?

Bay Colony does not carry a mandatory HOA, which means no association dues or architectural review requirements to navigate — a meaningful consideration for buyers who value flexibility.

Where are the closest parks to 1005 Bay Colony Drive?

Bay Colony Park is just 0.4 miles away on foot, and the Cavalier Grand Lawn is about a mile out — two distinct outdoor spaces that serve different moods and occasions.

Tom and Dariya Milan at LPT Realty know this corner of Virginia Beach well. Reach out to get a straight answer on what 1005 Bay Colony Drive could mean for your next move.

Summary generated by AI from public records and publicly available information.

Homes like this one sell fast — see the next one first

Virginia Beach$2.1M – $2.8M4+ beds

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Schools

VaHome School Score

Our own 1–10 rating, scored from Virginia Department of Education data.

VaHome School Score — calculated by VaHome.com from Virginia Department of Education assessment, progress, and attendance data. Attendance zones come from the MLS listing record; confirm the current zone with the school division before making an offer.

Flood & environment

FEMA flood zone X · outside the high-risk area · FIRM 515531

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Evacuation Zone C

Source: Virginia Dept. of Emergency Management — Know Your Zone

Military Aircraft Zone Information

Aircraft Noise

65-70 dB DNL

Accident Potential Zone

Not in a mapped Accident Potential Zone

Source: U.S. Navy AICUZ — Air Installations Compatible Use Zones (via city GIS)

In the Bay Colony neighborhood of Virginia Beach. houses for sale in Virginia Beach →

Location intelligence

Minutes to real places, not a score

Location & Neighborhood

Places within ~1 mile, ordered by distance from this property. Powered by Google Places.

Military Commute

Drive times to nearest bases

Drive times via Google Maps with current traffic patterns. Times are typical and may vary by time of day. Use the "Analyze" button up top to see live drive time to your saved base.

The numbers

Run the real carrying cost

Homes at this tier often trade in cash or portfolio financing — the calculator below shows a financed view; taxes are from the public record.

Estimate your monthly payment

$14,233/mo

Principal & interest

$12,713

Property tax

$806

Home insurance

$715

PMI

None

HOA/Condo (paid separately)

None

Estimate only. Association (HOA/condo) fees are paid separately and are not included in the payment above. Insurance assumed at 0.35% of home value annually. Actual taxes, insurance, and rate will vary by lender, credit, and property. Contact a lender for a personalized quote.

Value & history

Why the land carries the value

Asking vs. assessment

246% of $997,500

City assessment record · taxes $9,675/yr

Land share of assessed value

72% — $715,000

Improvements $282,500 · assessor record ✓

Price context — similar nearby homes

$925,000 – $3,600,000

The 6 most similar homes nearby (same city, within ~20% of this size, ~2.5 mi; 6 sold). Context for judging the asking price — not an appraisal or an estimate of this home's value.

710 Bay Colony DR · 0.4 mi · 3,200 sqft$1,525,000 sold 2026-07
1005 Ditchley RD · 0.2 mi · 3,800 sqft$1,695,000 sold 2026-05
103 46th ST · 1.1 mi · 3,355 sqft$3,600,000 sold 2026-08

Own a home nearby? See what it is worth today — What's your Virginia Beach home worth?

Sale & Tax History

List Price

$2,450,000

Price / Sq Ft

$742

Annual Taxes

$9,675

Monthly Tax

$806

HOA

None

Tax Rate (effective)

0.39%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJun 18, 2026$2,450,000—
Currently listed—$2,450,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

146% above assessment

Total Assessed

$997,500

Land

$715,000

Improvement

$282,500

Looking for multi-year tax assessments or prior sales? REIN MLS only ships data for the current listing. For full property history, check the city assessor record:

Virginia Beach Real Estate Assessor

Tax data above from REIN public-records sync. Sale timeline tracked from this listing's first appearance in our feed forward; prior owner sales are not included.

Comparable Properties

Comps are selected by city, bed count, square footage and price proximity. Composite similarity score weights bed match, sqft variance, price variance, and straight-line distance.

Market tempo

47 days on market — read it in context

Higher-priced homes market more slowly by nature: the buyer pool is smaller and diligence is heavier. Days-on-market at this tier is a rhythm, not a warning.

Questions buyers ask

Is 1005 Bay Colony Dr in a good school zone?+
The assigned zones on the listing record are Linkhorn Park Elementary (VaHome School Score 7.3/10), VB Middle, Frank W. Cox (VaHome School Score 8/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 1005 Bay Colony Dr in a flood zone?+
FEMA maps this parcel in Zone X, outside the high-risk Special Flood Hazard Area. See the flood section on this page for details and sources.
Are there parks near 1005 Bay Colony Dr?+
Bay Colony Park is about 0.3 miles away.
Is 1005 Bay Colony Dr a waterfront property?+
Yes. The listing record shows: Deep Water.
Does 1005 Bay Colony Dr have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 1005 Bay Colony Dr built?+
It was built in 1955, per the listing record.

Answers generated from the listing record, verified school zones, FEMA data, and cached nearby-places data — never invented.

The people

You'll talk to a person, not a lead queue

TD

Tom & Dariya Milan

Brokered by LPT Realty · Hampton Roads · answer their own phone

✓ Your inquiry goes to Tom & Dariya — never sold to strangers

Listing courtesy of Chastity Ferguson · Atkinson Realty · REIN MLS #10640655

Call or text (757) 777-7577

Ask Dariya — instant answers

Schools, flood, drive times, what it really costs to own — answered from this page's data, by chat or voice.

Schedule a private tour

Free, no obligation — your inquiry goes to Tom & Dariya, never resold.

1005 Bay Colony Dr, Virginia Beach — photo

See it in person — the record only says so much.

Call or text (757) 777-7577

1005 Bay Colony Dr, Virginia Beach, Virginia 23451 · MLS #10640655 · Source: REIN MLS + public record. Information deemed reliable but not guaranteed — verify independently. School zones subject to change; confirm with the local school division. All locations are described by neutral geographic fact. Equal Housing Opportunity.

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