1 days on market
$2,450,000
1005 Bay Colony Dr
Virginia Beach, Virginia 23451
MLS# 10640655 · BAY COLONY · Virginia Beach VA
Updated yesterday · Source: REIN MLS
Est. payment
$14,233/mo
Edit below
Price / sq ft
$742
3,300 sq ft
Days on market
1
New listing
HOA
None
Year built
1955
71 yrs old
Beds
4
Full Baths
4
Half Baths
0
Sq Ft
3,300
Garage
Yes
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…
Listed by Chastity Ferguson · Atkinson Realty
VaHome Team property overview
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.
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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.
Frequently asked 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.
Location & Neighborhood
Places within ~1 mile, ordered by distance from this property. Powered by Google Places.
Flood Risk
Property Details
Bedrooms
4
Full Baths
4
Half Baths
0
Approx Sq Ft
3,300
Stories
1
Fireplaces
0
Flooring
Ceramic, Wood
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
Dishwasher, Disposal
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)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Jun 18, 2026 | $2,450,000 | — |
| Currently listed | — | $2,450,000 | — |
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:
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.
About buying in Virginia Beach
Homes for sale in Virginia Beach, VA span every price point and lifestyle — from oceanfront condos along the famous Boardwalk to sprawling waterfront estates on the Lynnhaven River and Linkhorn Bay. As the largest city in Hampton Roads, Virginia Beach offers an unusually varied real estate market: established family neighborhoods in Great Neck (ZIP 23454), golf-course communities in Kempsville (23464), modern townhomes near Town Center (23462), and beach-cottage living along Sandbridge (23456). Whether you're searching for a starter home under $300K, a family home in a top-rated school district, or a luxury property north of $2 million, the active MLS inventory updates daily here. Buyer demand stays strong year-round, driven by Virginia Beach's mild coastal climate, the consistently top-ranked Virginia Beach City Public Schools (Kempsville High, Floyd E. Kellam High, Princess Anne High, and Cox High among them), and the city's role as home to Naval Air Station Oceana — the largest master jet base in the country. Military families relocating here through PCS orders make up a meaningful share of buyers, and VA loan financing is widely used. First-time buyers gravitate toward the inland ZIPs (23464, 23456, 23452), while second-home and luxury buyers tend toward 23451 (Oceanfront/North End) and 23454 (Great Neck/Bay Colony). Below you'll find every active Virginia Beach home for sale pulled live from the REIN MLS and refreshed every 5 minutes.
Military Commute
Drive times to nearest basesDrive 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.
Estimate your monthly payment
$14,233/moPrincipal & 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.
Listed by Atkinson Realty · MLS# 10640655
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$2,450,000
1005 Bay Colony DR, VIRGINIABEACH VA 23451
Virginia Beach, Virginia 23451
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