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Virginia BeachBAY COLONY1005 Bay Colony Dr✓ Source: REIN MLS #10640655 · record updated Jun 28, 2026 · synced every 5 min · your inquiry is never resold
1005 Bay Colony DR, VIRGINIABEACH VA 23451 - Main photo
1005 Bay Colony DR, VIRGINIABEACH VA 23451 - Photo 2
1005 Bay Colony DR, VIRGINIABEACH VA 23451 - Photo 3
1005 Bay Colony DR, VIRGINIABEACH VA 23451 - Photo 4
1005 Bay Colony DR, VIRGINIABEACH VA 23451 - Photo 5
$2,450,000
$742 / sqft · est. $14,233/mo →
4beds
4baths
3,300sqft
9days 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

About this home

The listing, in the seller's words

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

VaHome team overview

Our read on this home

At a glance

1005 Bay Colony Drive is a four-bedroom, four-bath home in Virginia Beach offering 3,300 square feet of living space on a property that dates to 1955. Eight minutes from NAS Oceana and twelve from Dam Neck Annex, it sits in one of the city's most coveted coastal corridors.

Read the full overview ↓

Why this home stands out

Homes with this kind of square footage — 3,300 feet across four bedrooms and four full baths — are genuinely hard to find this close to the oceanfront in Virginia Beach. The 1955 build year places it in a generation of construction that prioritized solid bones and generous room proportions over the tighter floor plans common in newer developments. Four full baths means no morning bottlenecks, and the layout has room to grow into.

BAY COLONY and the Virginia Beach real estate market

Bay Colony Drive sits in the Bay Colony area of Virginia Beach, a residential pocket that carries a distinctly different energy from the busy resort strip a few miles south. Streets here run quiet, lots tend to be generous, and the neighborhood has the kind of established tree canopy that only comes with decades of growth. It's the sort of place where neighbors know each other's names and front porches actually get used. Virginia Beach itself is one of the largest cities by land area in the United States, yet this corner of it feels genuinely unhurried. You're close enough to the oceanfront and the Chesapeake Bay shoreline to treat both as backyard amenities, while the everyday infrastructure — grocery stores, pharmacies, restaurants, and commuter routes — wraps around you without any real friction. The 23451 zip code has long been associated with the northern Virginia Beach coastal neighborhoods, and Bay Colony fits that identity well: residential, water-adjacent, and rooted.

What's nearby

Daily life is easy here. Grocery runs, coffee stops, and dinner out are all within a short drive along Shore Drive and the surrounding corridors. First Landing State Park is practically in the neighborhood, giving you 2,888 acres of hiking trails, kayak launches, and cypress swamp scenery without leaving the city. The Chesapeake Bay beaches at Chic's Beach are minutes away for an afternoon swim or a sunset walk. Independence Boulevard and Northampton Boulevard connect you to the broader Virginia Beach grid quickly, and the Virginia Beach Oceanfront is roughly a fifteen-minute drive when you want the full resort experience.

For different buyers

For military families relocating

NAS Oceana is eight minutes away, and Dam Neck Annex is twelve — two of the most significant installations in Hampton Roads, both reachable before your coffee gets cold. Four bedrooms and four full baths give a military family real flexibility: a dedicated home office for remote work during deployments, guest space for family visits, and room for kids to spread out. A VA loan can make a home at this size more accessible than many families expect.

For families upgrading

If you've been living in something smaller and waiting for the right moment to move up, 3,300 square feet with four bedrooms and four full baths is a meaningful step. Everyone gets their own space — and their own bathroom. The Bay Colony neighborhood adds the kind of quiet, established street character that's hard to manufacture in newer subdivisions, and First Landing State Park practically extends your backyard into one of Virginia's most beautiful natural areas.

More buyer questions

How far is 1005 Bay Colony Drive from NAS Oceana?

NAS Oceana is approximately eight minutes by car from 1005 Bay Colony Drive, making it one of the more convenient off-base addresses for personnel stationed there. The drive is straightforward with no major highway merges required.

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

Dam Neck Annex is roughly twelve minutes south, accessible via the Shore Drive and General Booth Boulevard corridor. That commute is well within the range most Hampton Roads military families consider comfortable.

What is the Bay Colony neighborhood like in Virginia Beach?

Bay Colony is an established residential area in the northern Virginia Beach coastal zone, characterized by mature trees, generous lot sizes, and a quieter pace than the resort-area neighborhoods nearby. It has a strong sense of community and benefits from proximity to both the Chesapeake Bay shoreline and First Landing State Park.

Is 1005 Bay Colony Drive in a flood zone?

Virginia Beach's coastal geography means flood zone status varies significantly block by block — check the dedicated FloodRisk tile on this page for the specific FEMA designation assigned to this address.

What parks and outdoor spaces are near 1005 Bay Colony Drive?

First Landing State Park borders the neighborhood and offers hiking trails, kayak access, and Chesapeake Bay beach frontage across nearly 2,900 acres. The Chic's Beach public shoreline is also just minutes away for casual waterfront access.

Tom and Dariya Milan at LPT Realty know this part 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.

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Residential

Year built

1955

Price / sqft

$742

HOA

None

Taxes

$9,675/yr

County

Virginia Beach VA

Waterfront

Yes

MLS #

10640655

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

Flood & environment

The flood answer first — quantified, not buried

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)

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

None

Estimate only. 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 ✓

Why we show no algorithmic estimate.

National AVMs misprice homes whose value drivers they can't see. Instead: the sourced assessment above, the carrying cost, real price history, and honest comparables below.

Price context — similar nearby homes

$925,000$2,000,000

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
107 42nd ST · 1.2 mi · 3,282 sqft$2,000,000 sold 2026-06

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 19, 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

9 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

Real questions, answered from the record

Is 1005 Bay Colony Dr in a good school zone?+
The assigned zones on the listing record are Linkhorn Park Elementary (GreatSchools 9/10), VB Middle, Frank W. Cox (GreatSchools 7/10). 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

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.

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.