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Virginia BeachBAY COLONY1241 E Bay Shore Dr✓ Source: REIN MLS #10635931 · record updated Jul 20, 2026 · synced every 2 min · your inquiry is never resold
1241 E Bay Shore DR, VIRGINIABEACH VA 23451 - Main photo
1241 E Bay Shore DR, VIRGINIABEACH VA 23451 - Photo 2
1241 E Bay Shore DR, VIRGINIABEACH VA 23451 - Photo 3
1241 E Bay Shore DR, VIRGINIABEACH VA 23451 - Photo 4
1241 E Bay Shore DR, VIRGINIABEACH VA 23451 - Photo 5
$1,499,900
$329 / sqft · est. $8,329/mo →
5beds
4.1baths
4,559sqft
52days on market

1241 E Bay Shore Dr, Virginia Beach, VA 23451

Under ContractResidential · built 1983 · BAY COLONY

About this home

The listing, in the seller's words

A rare opportunity to experience Bay Colony lifestyle while stepping into instant equity and bringing your vision and personal updates to this charming home! With a $300,000 price reduction, this Crystal Lake home is one of the best values in the neighborhood, where similar-sized homes without water views are selling well above $2M. Nestled on a beautifully elevated 1.12-acre lot, this spacious home allows you to enjoy beautiful water views without paying a costly waterfront premium. Many amazing features, including glowing hardwood floors, a spacious 1st floor primary suite with cathedral ceilings and fireplace, Pella windows, newer systems, abundant storage, and a newly redone multi-car driveway. A pre-listing home inspection has been completed, most repairs addressed, and a clear termite letter will be provided. Just minutes from the beach, the Historic Cavalier, premier dining, shopping, and everything that makes Bay Colony one of Virginia Beach's most sought-after communities

Listing courtesy of Emil Nazaryan · BHHS RW Towne Realty · REIN MLS #10635931

VaHome team overview

Our read on this home

At a glance

1241 E Bay Shore Drive is a five-bedroom, four-and-a-half-bath home in Virginia Beach spanning 4,559 square feet, built in 1983. Nine minutes from NAS Oceana and twelve from Dam Neck Annex, it puts serious square footage and a prime coastal address within easy reach.

Read the full overview ↓

Why this home stands out

Few addresses in this zip code combine nearly 4,600 square feet of living space with a street name that tells you exactly where you are — steps from the bay shore. The 1983 construction means generous room proportions that newer builds rarely replicate, five true bedrooms for households that actually need the space, and four and a half baths that keep morning routines running smoothly across a large family or a busy household.

BAY COLONY and the Virginia Beach real estate market

East Bay Shore Drive sits in one of Virginia Beach's most coveted coastal pockets, where the Chesapeake Bay side of the peninsula gives the neighborhood a calmer, more residential feel than the Atlantic-facing resort strip. Streets here are lined with mature trees and a mix of substantial single-family homes that have attracted long-term owners for decades. When people search for homes virginia beach with both size and a water-adjacent lifestyle, this corridor consistently surfaces — and for good reason. Virginia Beach itself is the largest city by population in the Commonwealth, yet this corner of it feels genuinely unhurried. The 23451 zip code carries a well-earned reputation: close to the beach, close to the bay, and close to the kind of everyday conveniences that make a large home practical rather than isolating. Chesapeake Beach and the broader Shore Drive corridor have their own identity within the city — more neighborhood, less tourist zone — and 1241 E Bay Shore Drive is right in the middle of it.

What's nearby

Bay Colony Park is a three-minute walk at 0.3 miles, making it easy to get outside without getting in a car. The best trailhead into First Landing State Park is just 0.6 miles away — one of the most-used natural areas on the East Coast, with maritime forest trails that feel nothing like a suburb. Surf Beach Club is 0.7 miles out. For dining, Surf Club Ocean Grille is under a mile away, Becca Restaurant & Garden and the Hunt Room are both at the one-mile mark — a walkable or very short drive for a weeknight dinner or a weekend brunch without crossing a bridge.

For different buyers

For military families relocating

NAS Oceana is nine minutes from the front door, and Dam Neck Annex is twelve. For a military family weighing a VA loan purchase, that commute math is hard to beat — especially when the paygrade supports a home this size. Five bedrooms handle PCS moves with kids in tow, and the extra half-bath means the house keeps functioning when everyone's schedule collides at 0700.

For families upgrading

If you've outgrown your current place and want a house in virginia beach that genuinely has room for everyone — guests included — 4,559 square feet across five bedrooms and four and a half baths is the kind of footprint that stops the search. The 1983 build means larger rooms, a real dining room, and space that doesn't feel carved up into micro-offices and awkward flex rooms.

More buyer questions

How far is 1241 E Bay Shore Drive from NAS Oceana?

NAS Oceana is approximately nine minutes by car from 1241 E Bay Shore Drive, making it one of the more convenient off-base addresses for personnel stationed there. Dam Neck Annex adds only three more minutes at roughly twelve minutes out.

What is the square footage of 1241 E Bay Shore Drive?

The home measures 4,559 square feet of living space, spread across five bedrooms and four and a half bathrooms in a single-family residential layout built in 1983.

Is 1241 E Bay Shore Drive in a flood zone?

Flood zone information for this address is displayed in the FloodRisk tile on this page, which pulls current FEMA map data for the 23451 zip code.

Where are the nearest parks and trails to 1241 E Bay Shore Drive?

Bay Colony Park is 0.3 miles away — essentially a short walk — and the primary trailhead for First Landing State Park is 0.6 miles out, giving you access to miles of maritime forest trails without leaving the neighborhood.

Does 1241 E Bay Shore Drive have an HOA?

HOA status for this property is confirmed in the listing details section of this page; the description above does not include fee amounts, which are subject to change and best verified directly with the current HOA or through disclosure documents.

Tom and Dariya Milan at LPT Realty know this corridor well. Reach out to schedule a walkthrough of 1241 E Bay Shore Drive and get straight answers about the neighborhood, the commute, and the process.

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

1983

Price / sqft

$329

HOA

None

Taxes

$1,310/yr

County

Virginia Beach VA

Waterfront

Yes

MLS #

10635931

Interior

Bedrooms
5
Full baths
4
Half baths
1
Approx. sqft
4,559
Stories
2
Flooring
Carpet, Ceramic, Wood
Ensuite bedrooms
1
First-floor bed & full bath
Yes
Total rooms
9
Other rooms
1st Floor Primary BR, Attic, Breakfast Area, Fin. Rm Over Gar, Foyer, PBR with Bath, Pantry, Sun Room, Utility Room, Workshop
Appliances
Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer
Equipment
Backup Generator, Cable Hookup, Ceiling Fan, Gar Door Opener, Jetted Tub

Construction & exterior

Style
Traditional, Transitional
Subtype
Detached
Foundation
Crawl
Roof
Asphalt Shingle
Exterior
Wood
Pool
No Pool
Waterfront
Not Waterfront

Utilities & systems

Heating
Heat Pump, Zoned
Cooling
Central Air
Water heater
Gas
Water
City/County
Sewer
City/County

Lot, parking & ownership

Subdivision
BAY COLONY
Zoning
R30
Ownership
Fee Simple
Garage
Yes
Parking
Garage Att 2 Car, Multi Car, Driveway Spc
Possession
SETTLEMENT
Disclosures
Disclosure Statement

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

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)

Explore this neighborhood

Bay Colony

Bay Colony is one of Virginia Beach's most established waterfront neighborhoods, set on a peninsula that reaches into Linkhorn Bay near Crystal Lake on the city's North End.

$1.45M

Median sale · 12 mo

$482

Sold $/sq ft

9d

Days on market

10

For sale now

$135K

HH income

68.2%

Owner-occupied

REIN MLS closed sales, trailing 12 mo · U.S. Census ACS 2024 5-year

Explore Bay Colony
Map of Bay Colony with neighborhood boundaryNeighborhood

Virginia Beach houses for sale

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

$8,329/mo

Principal & interest

$7,783

Property tax

$109

Home insurance

$437

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

111% of $1,350,700

City assessment record · taxes $1,310/yr

Land share of assessed value

50% — $677,000

Improvements $673,700 · 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

$1,695,000$3,795,000

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.

703 Circle LN · 0.4 mi · 4,186 sqft$2,475,000 sold 2026-06
1109 Ditchley RD · 0.5 mi · 5,055 sqft$1,995,000 sold 2026-04
1149 York LN · 0.4 mi · 5,200 sqft$3,795,000 sold 2026-06

Sale & Tax History

List Price

$1,499,900

Price / Sq Ft

$329

Annual Taxes

$1,310

Monthly Tax

$109

HOA

None

Tax Rate (effective)

0.09%

Sale Timeline (this listing)

EventDatePriceDetail
ListedMay 29, 2026$1,499,900
Price reducedJul 7, 2026$1,499,900−$300,000
Currently listed$1,499,900

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

11% above assessment

Total Assessed

$1,350,700

Land

$677,000

Improvement

$673,700

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.

Questions buyers ask

Real questions, answered from the record

Is 1241 E Bay Shore 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 1241 E Bay Shore 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 1241 E Bay Shore Dr?+
Bay Colony Park is about 0.3 miles away.
Does 1241 E Bay Shore Dr have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 1241 E Bay Shore Dr built?+
It was built in 1983, 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 Emil Nazaryan · BHHS RW Towne Realty · REIN MLS #10635931

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.

1241 E Bay Shore Dr, Virginia Beach — photo

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

Call or text (757) 777-7577

1241 E Bay Shore Dr, Virginia Beach, Virginia 23451 · MLS #10635931 · 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.