35 days on market
$340,000
1247 New Land Dr
Virginia Beach, Virginia 23453
MLS# 10632865 · MAGIC HOLLOW · Virginia Beach VA
Updated 3 days ago · Source: REIN MLS
Est. payment
$2,089/mo
Edit below
Price / sq ft
$309
1,100 sq ft
Days on market
35
HOA
None
Year built
1977
49 yrs old
Beds
3
Full Baths
2
Half Baths
0
Sq Ft
1,100
Garage
Yes
About this home
Make this your new home! Updated 3 bedroom ranch in Magic Hollow Subdivision. Recent updates include new roof in 2024, water purification system installed, painted countertops in kitchen along with new backsplash. Appliances include a stainless steel GE side by side refrigerator with bottom freezer installed in past 18 months, a white above stove microwave, white Maytag automatic dishwasher, and a white Maytag 5 burn…
Listed by Paul Usewicz · Swell Realty Co.
VaHome Team property overview
Meet 1247 New Land Drive — a 3-bedroom, 2-bath home in Virginia Beach's Magic Hollow neighborhood, built in 1977 and sitting on a compact lot just five minutes from NAS Oceana. At 1,100 square feet, it's a manageable, efficient footprint in a well-connected part of the city.
Read full property overview ↓Show less ↑
Why this home stands out
What sets this address apart is the location math: two military installations within eleven minutes, two grocery stores within a mile, and a neighborhood park literally two-tenths of a mile from your front door. Magic Hollow is a quiet, established pocket of Virginia Beach where the streets feel familiar and the commute to the flight line is genuinely short — that combination is harder to find than it sounds.
MAGIC HOLLOW and the Virginia Beach real estate market
Magic Hollow sits in the western reaches of Virginia Beach, tucked between Princess Anne Road and the broader Oceana corridor. It's a residential neighborhood that grew up alongside the base in the late 1970s, and that history shows in the mature trees, the single-story ranch profiles, and the sense that people here actually know their neighbors. The streets are calm but not isolated — you're close to everything without feeling like you're on top of a commercial strip. Virginia Beach as a city offers a lot more than the Oceanfront suggests: inland neighborhoods like this one trade surf-and-sand energy for everyday practicality, good park access, and short drives to both work and play. If you've been searching through va beach condos for sale and wondering whether a single-family home in this zip code makes more sense for your situation, Magic Hollow is worth a serious look. The 23453 zip code covers a wide swath of the city's midsection, and this part of it has aged well.
What's nearby
Daily life is genuinely easy from New Land Drive. Groceries are covered two ways: Lidl is 0.6 miles out and Food Lion is just 0.7 miles — both reachable in under five minutes. For a quick bite or a local market feel, Foodies The Local's Market and Tienda y Tortilleria Natasha are both within half a mile. Coffee runs are simple with Prince Tea House at 0.6 miles. Fitness options cluster nearby too: Ocean Tumblers Gymnastics, Virginia Beach Athletics, and Virginia Beach Yoga and Wellness are all within half a mile. And when you need fresh air, New Land Neighborhood Park is a two-minute walk at 0.2 miles, with Cardinal Estates Park and Blackstone Neighborhood Park both under half a mile away.
For different buyers
For military families relocating
Five minutes to NAS Oceana and eleven minutes to Dam Neck Annex — the commute math works whether you're a pilot, a tech, or support staff. A VA loan makes this size and price range accessible without a large down payment, and BAH for E-5 and above in the Virginia Beach area typically covers a meaningful portion of ownership costs at this square footage. Magic Hollow has housed military families for decades, and the neighborhood infrastructure reflects that.
For first-time buyers
If you're exploring homes for sale in va beach and wondering where a first purchase actually makes sense, 1247 New Land Drive offers a low-maintenance footprint — 1,100 square feet, a small lot, and a single-family structure — without the complexity of a condo association. You get your own space, a walkable park, and two grocery stores under a mile away. It's a practical starting point in an established neighborhood that holds its character well.
Frequently asked questions
How far is 1247 New Land Drive from NAS Oceana?
The drive from 1247 New Land Drive to NAS Oceana's main gate is approximately 5 minutes under normal traffic conditions, making it one of the closer residential streets to the installation in this zip code.
How far is 1247 New Land Drive from Dam Neck Annex?
Dam Neck Annex is roughly 11 minutes by car from this address, a straightforward drive south through Virginia Beach's inland corridors.
What is the Magic Hollow neighborhood like?
Magic Hollow is a quiet, established residential neighborhood in Virginia Beach that developed in the late 1970s alongside the Oceana corridor — expect mature trees, single-story homes, and a community feel that's held up well over the decades.
Is 1247 New Land Drive in a flood zone?
Flood zone designation for this address is displayed in the FloodRisk tile on this page, which pulls current FEMA map data — check that section for the most accurate and up-to-date classification.
Are there parks within walking distance of 1247 New Land Drive?
Yes — New Land Neighborhood Park is just 0.2 miles away, and both Cardinal Estates Park and Blackstone Neighborhood Park are within 0.4 miles, giving you multiple green-space options on foot.
Want to know more about 1247 New Land Drive or Magic Hollow? Tom and Dariya Milan at LPT Realty are local experts — reach out and they'll walk you through everything.
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
3
Full Baths
2
Half Baths
0
Approx Sq Ft
1,100
Stories
1
Fireplaces
0
Flooring
Laminate/LVP
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
Dishwasher, Disposal, Dryer, Dryer Hookup, Microwave, Elec Range, Refrigerator, Washer, Washer Hookup
Sale & Tax History
List Price
$340,000
Price / Sq Ft
$309
Annual Taxes
$2,703
Monthly Tax
$225
HOA
None
Tax Rate (effective)
0.80%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | May 2, 2026 | $340,000 | — |
| Currently listed | — | $340,000 | — |
Public-Records Assessment
Source: Virginia Beach via Hampton Roads Regional Parcels. Fetched May 11, 2026.
Total Assessed
$278,700
Land
$120,000
Improvement
$158,700
Parcel ID: 14963053920000 · View on city GIS portal
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
$2,089/moPrincipal & interest
$1,764
Property tax
$225
Home insurance
$99
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 Swell Realty Co. · MLS# 10632865
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$340,000
1247 New Land DR, VIRGINIABEACH VA 23453
Virginia Beach, Virginia 23453
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