Set in the highly desirable and tranquil Lake Smith Terrace community, this modern home has been set apart with an eye on quality, value, and uniqueness through a clever revitalizing of this mid-century modern home.
Design began with a clear mantra: do it better, do it differently. The airy reinvented kitchen was crowned with high end SS appliances including a premium KitchenAid gas range with exterior venting hood, Jade white quartz counters, soft-close cabinets, open bar top seating, and a classic, oversized subway tile backsplash. Motion sensing under-cabinet lighting creates efficiency and mood. Bathrooms are new from top to bottom, from vanities to lighting to ceramics.
Upon entering the home the concept of en filade gives you several unique vantage points: At the entryway, peer all the way through to the family room where the mood is set by glowing gas fire logs in a familial setting. Or peer straight ahead through the new French doors out onto the gazebo that overlooks a manicured lawn set on a shaded Trex deck. To the right, the formal living room is private & calm swaddled by natural light through the picture windows. Nearly everything is NEW, from many replacement windows, gazebo roof, 6" gutters, premium SW paint in a faint blue palette; high-end brushed bronze lighting & plumbing fixtures, new LVP flooring & ceramic tile. For added comfort and confidence, a newer 12 kw Briggs & Stratton generator is ready to jump in if power goes out. New sewer lines, crawl space 10 mm vapor barrier, and whole house dehumidifier keeps things neat and tidy below. Drop down attic stairs in the garage for storing the bulky items. New insulation blown in for added comfort.
The location makes life convenient: Harris Teeter, ChicfilA .5 mile away. Sentara Independence hospital less than 1 mile. Town Center is 6 minutes even if you hit a few red lights. Need coffee? 3 blocks. MacDonald Garden Center 4 blocks away. With great neighbors, perfect location, and a neighborhood that is filled with dog walkers, bikes & tikes this home is one reason why Va Beach is great.
Listing courtesy of Christopher Castle · Iron Valley Real Estate Prestige · REIN MLS #10655572
Four-bedroom, two-bath home in Lake Smith Terrace, built in 1966 on a quiet street in Virginia Beach. About six minutes to JEB Little Creek-Fort Story and fourteen to NAS Oceana. Walking distance to parks, restaurants, and grocery stores.
This 2,128-square-foot home sits on a generous lot in an established neighborhood where tree-lined streets and solid mid-century construction define the character. The floor plan offers real living space: four bedrooms, two bathrooms, and a layout that works for everyday life. You're close enough to bases for an easy commute but far enough to feel like a genuine neighborhood.
LAKE SMITH TERRACE and the Virginia Beach real estate market
Lake Smith Terrace is a residential pocket of Virginia Beach built around stability and access. Streets are tree-lined and walkable, with homes from the 1960s and 1970s that have real bones. The neighborhood sits just minutes from the water and military installations, yet maintains a calm, suburban feel. Virginia Beach itself is a sprawling coastal city with military roots, robust shopping and dining, and a strong sense of community across its neighborhoods. Getting around is straightforward: major roads connect you to the beach, downtown Norfolk, and the bases. If you're comparing homes for sale in 23455, you'll find this address offers the kind of block that anchors the area—established, convenient, and grounded.
What's nearby
Daily errands are quick here. Tienda Murido Latino Mart and Harris Teeter are each under half a mile away, and Lidl sits just down the road for grocery runs. Dining is casual and close: The Pizzeria, Nara Sushi, and McDonald's are all within a few blocks. Grab coffee at Colattao Coffee House or Tropical Smoothie Cafe before heading to the gym—HOTWORX and Emerge Fitness are nearby. Haygood Point Park is a short walk, perfect for a quick outdoor break.
For different buyers
Base commute and VA loan notes
Six minutes to JEB Little Creek-Fort Story and fourteen to NAS Oceana make this address practical for active-duty and civilian personnel at either base. VA loan financing is common in this neighborhood, and the home's age and condition support straightforward move-in timelines. Established street, solid structure, and proximity mean less time house-hunting and more time settling in.
Room to grow
Four bedrooms and two full bathrooms give you room to grow without sacrificing walkability. The 2,128-square-foot layout spreads across a solid lot, offering outdoor space and storage that mid-century homes often deliver. Separate living areas and a practical floor plan adapt to how real households live—home office, guest room, playroom, or studio all fit naturally here.
More buyer questions
How far is 1040 Ewell Road from JEB Little Creek-Fort Story?
About six minutes by car. The base is close enough for a short commute but far enough that the neighborhood feels separate from base traffic.
What schools are zoned for this address?
Anyone comparing homes for sale zoned for Bayside High School or homes for sale zoned for Thoroughgood Elementary School will find this address serves both. Contact the Virginia Beach Schools office for current zone details.
Is there a park nearby?
Yes. Haygood Point Park is about a five-minute walk, with open space and amenities for outdoor recreation.
What is the neighborhood like?
Lake Smith Terrace is a quiet, established residential area with tree-lined streets and mid-century homes. It's walkable to shops and restaurants, and close to military bases without feeling like a base-adjacent neighborhood.
How close are grocery stores?
Three options are within a mile: Tienda Murido Latino Mart and Harris Teeter are both under half a mile, and Lidl is about 0.6 miles away.
Ready to explore this Lake Smith Terrace home? Contact Tom & Dariya Milan at LPT Realty to schedule a tour and learn more about Virginia Beach homes for sale.
Summary generated by AI from public records and publicly available information.
Schools · VaHome School ScoreAssigned schools
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.
How Far Is?
Driving distance by road and typical drive time via Google Maps, to the nearest location of each.
Also nearby
Distances are straight-line (as the crow flies) from this property, not driving miles. Places within ~1 mile, nearest first. Powered by Google Places.
Homes like this one sell fast — see the next one first
Virginia Beach$485K – $665K4+ beds
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Military Commute
Drive times to nearest bases
⚓
Little Creek
Navy
11min·3.9mi
⚓
NAS Oceana
Navy
28min·15.5mi
🚢
USCG Portsmouth
Coast Guard
21min·11.9mi
⚓
NNSY
Navy
23min·13mi
⚓
NMCP
Navy
25min·13.3mi
Typical drive times from Google Maps, without live traffic. Rush hour and tunnel backups can add time.
Flood & environmentFlood risk (FEMA)
FEMA flood zone X · outside the high-risk area · FIRM 515531
🌊 Flood Risk (FEMA)
Source: FEMA National Flood Hazard Layer · FIRM 515531
Low / Moderate Risk
FEMA flood zone
X (low to moderate risk)
Base flood elevation
Not applicable in low-risk zones
Zone X is outside the Special Flood Hazard Area; FEMA doesn’t define a BFE here.
Property elevation
22.9 ft above sea level
USGS 3DEP digital elevation model
Outside the high-risk Special Flood Hazard Area. Federal flood insurance is NOT required, though optional preferred-rate NFIP coverage is still worth considering in coastal Hampton Roads.
Data sources: Flood zone and base flood elevation come from FEMA’s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service — actual elevations across a single property can vary by several feet higher or lower than the figure shown. Use these numbers as a starting reference and do your own due diligence (a professional survey or elevation certificate) before relying on them for any financial, insurance, or construction decision.
Haygood is a settled neighborhood in northern Virginia Beach's Bayside area. It centers near the corner of Haygood Road and Independence Boulevard in the 23455 ZIP code.
$691KMedian sale · 12 mo
$247Sold $/sq ft
14dDays on market
3For sale now
$73KHH income
54.6%Owner-occupied
REIN MLS closed sales, trailing 12 mo · U.S. Census ACS 2024 5-year
Estimates only. Taxes come from the public record; confirm rates with your lender. VA-eligible buyers: $0-down financing may apply.
Estimate your monthly payment
$3,467/mo
Principal & interest
$2,984
Property tax
$316
Home insurance
$168
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 & historyComparables
Asking vs. assessment147% of $391,000City assessment record · taxes $3,793/yr
Land share of assessed value42% · $165,000Improvements $226,000 · assessor record ✓
Price context: similar nearby homes$375,000 – $590,000The 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.
Source: City Assessor via Hampton Roads Regional Parcels.
47% above assessment
Total Assessed
$391,000
Land
$165,000
Improvement
$226,000
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.
CompareThis home next to what else is for sale nearby
Home
Price
Beds
Baths
Sqft
$ / sqft
1040 Ewell Rdthis home
$575,000
4
2
2,128
$270
Loading nearby homes for sale…
Active comparables from the REIN MLS, the same homes shown under Comparable Properties. Context for judging the asking price, not an appraisal.
Questions buyers ask
Is 1040 Ewell Rd in a good school zone?
The assigned zones on the listing record are Thoroughgood Elementary (VaHome School Score 9.5/10), Independence Middle (VaHome School Score 6.4/10), Bayside (VaHome School Score 7.1/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 1040 Ewell Rd 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.
Is there a gym near 1040 Ewell Rd?
Yes — HOTWORX- Virginia Beach, VA - Haygood is about 0.4 miles away, per the cached nearby-places record for this address.
Are there parks near 1040 Ewell Rd?
Haygood Point Park is about 0.5 miles away.
Where is the nearest grocery store to 1040 Ewell Rd?
Tienda Murido Latino Mart is about 0.4 miles away. The closest dining on record is The Pizzeria (0.3 mi).
Does 1040 Ewell Rd have an HOA?
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 1040 Ewell Rd built?
It was built in 1966, per the listing record.
Answers generated from the listing record, verified school zones, FEMA data, and cached nearby-places data. Never invented.
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Listing courtesy of Christopher Castle · Iron Valley Real Estate Prestige · REIN MLS #10655572
1040 Ewell Rd, Virginia Beach, Virginia 23455 · MLS #10655572 · 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.
