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Virginia BeachOCEAN LAKES1742 Ocean Bay Dr✓ Source: REIN MLS #10638601 · record updated Jul 21, 2026 · synced every 2 min · your inquiry is never resold
1742 Ocean Bay DR, VIRGINIA BEACH VA 23454 - Main photo
1742 Ocean Bay DR, VIRGINIA BEACH VA 23454 - Photo 2
1742 Ocean Bay DR, VIRGINIA BEACH VA 23454 - Photo 3
1742 Ocean Bay DR, VIRGINIA BEACH VA 23454 - Photo 4
1742 Ocean Bay DR, VIRGINIA BEACH VA 23454 - Photo 5
2beds
2baths
870sqft
39days on market

1742 Ocean Bay Dr, Virginia Beach, VA 23454

Under ContractResidential · built 1986 · OCEAN LAKES

Facts & features

Type

Residential

Year built

1986

Price / sqft

$261

Condo fee

$222/mo

HOA fee

$36/mo

Taxes

$1,941/yr

County

Virginia Beach VA

MLS #

10638601

Association amenities

Ground MaintPlaygroundsPoolSewerTennis CtsTrash PickupWater

$222/mo condo fee + $36/mo HOA fee · Ocean Lakes (Saddlewood) Condo Association · per the REIN MLS listing record — confirm inclusions with the association.

Interior

Bedrooms
2
Full baths
2
Approx. sqft
870
Stories
1
Flooring
Carpet, Laminate/LVP
Ensuite bedrooms
2
First-floor bed & full bath
Yes
Total rooms
4
Other rooms
1st Floor BR, 1st Floor Primary BR, Assigned Storage, PBR with Bath, Porch, Utility Closet
Appliances
Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer
Equipment
Cable Hookup, Ceiling Fan

Construction & exterior

Style
Apartment
Subtype
Attached
Foundation
Slab
Roof
Asphalt Shingle
Exterior
Other
Pool
No Pool
Fencing
Privacy,Wood Fence

Utilities & systems

Heating
Heat Pump
Cooling
Central Air
Water heater
Electric
Water
City/County
Sewer
City/County

Lot, parking & ownership

Subdivision
OCEAN LAKES
Unit / floor
1
Ownership
Condo
Garage
No
Parking
1 Space, Assigned/Reserved
Possession
SETTLE
Disclosures
Common Interest Community, Disclosure Statement, Related to Seller, Resale Certif Req

See more Virginia Beach condos & townhomes.

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

About this home

Beautifully updated turn key condo in an unbeatable Virginia Beach location near Naval Air Station Oceana Dam Neck Annex and Croatan Beach. This move in ready home offers peace of mind with HVAC, water heater, and all appliances less than three years old. Major updates include all new plumbing, fresh paint throughout, and recently updated cosmetics that give the home a clean, modern feel. Conveniently located near beaches, bases, shopping, dining, and entertainment, this is an excellent opportunity.

Listing courtesy of Eric Addabbo · Prodigy Realty · REIN MLS #10638601

Tom & Dariya's overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · Brokered by LPT Realty

At a glance

A compact two-bedroom, two-bath home in Virginia Beach sitting less than a mile from Dam Neck Annex — one of the shortest base commutes you'll find among Virginia Beach homes for sale. At 870 square feet on a quiet street, it's a smart, low-maintenance footprint in the 23454 zip code.

Read the full overview ↓

Why this home stands out

What sets 1742 Ocean Bay Drive apart is pure location math: Dam Neck Annex is roughly one minute away by car, and NAS Oceana is about eight minutes out. For anyone whose daily life orbits those gates, that kind of proximity is genuinely rare. Add two full baths in a two-bedroom layout, a 1986 build that keeps things manageable, and Pine Meadows green space just steps away, and the address punches well above its square footage.

OCEAN LAKES and the Virginia Beach real estate market

Ocean Bay Drive sits in a quiet residential pocket of Virginia Beach, the coastal city that stretches from the Chesapeake Bay to the Atlantic and anchors Hampton Roads' southern shore. The surrounding streets have a low-key, established feel — modest lots, mature trees, and neighbors who tend to stay a while. Virginia Beach is one of the most populous cities in Virginia, yet this corner of it moves at a noticeably slower pace than the resort strip. You're close enough to the oceanfront to enjoy it on weekends without living in the tourist traffic. City amenities — groceries, dining, parks — are all within easy reach, and the broader region's highway network keeps Norfolk, Chesapeake, and the rest of Hampton Roads accessible. For families comparing homes for sale in Virginia Beach, the 23454 zip code consistently offers a balance of suburban calm and genuine coastal convenience.

What's nearby

Step outside and Pine Meadows West Park is 0.2 miles away — a quick walk for a morning stretch or an afternoon with the dog. Pine Meadows Park itself is just 0.3 miles out, with another access point at 0.4 miles, so green space is genuinely within reach on foot. COCO's Cuisine is a 0.2-mile stroll for a casual meal, and Galley is about a mile away when you want something a little different. Everyday errands and dining options fill in quickly as you move through the broader Virginia Beach corridor surrounding the address.

For different buyers

For military families relocating

Dam Neck Annex is about one minute from the front door — that's not a rounding error, it's one of the shortest gate-to-garage commutes in all of Hampton Roads. NAS Oceana is roughly eight minutes out. A VA loan can make this two-bed, two-bath footprint even more accessible, and the low-maintenance size means less time on upkeep and more time with family after a long duty day.

For first-time buyers

Eight hundred and seventy square feet is a manageable first home — enough room to live comfortably without the overhead of a sprawling property. Two full baths in a two-bedroom layout is a genuinely practical configuration, and the Pine Meadows parks nearby mean outdoor space is always close even if the lot is compact. Among homes for sale in 23454, this address offers a real entry point into Virginia Beach ownership.

More buyer questions

How far is 1742 Ocean Bay Drive from Dam Neck Annex?

Dam Neck Annex is approximately one minute by car — the gate is essentially around the corner. It's one of the closest residential addresses to that installation in Virginia Beach.

How far is 1742 Ocean Bay Drive from NAS Oceana?

NAS Oceana is about eight minutes away by car. That puts two major installations within easy reach of a single address, which is unusual even by Hampton Roads standards.

Is 1742 Ocean Bay Drive in a flood zone?

Flood zone status for this address is detailed in the FloodRisk tile on this page — check there for the current FEMA designation and what it means for insurance.

What zip code is 1742 Ocean Bay Drive in?

The property is in zip code 23454, a Virginia Beach zip that covers a mix of established neighborhoods close to the southern military corridor.

Are there parks near 1742 Ocean Bay Drive?

Yes — Pine Meadows West Park is 0.2 miles away and Pine Meadows Park has two access points within 0.3 to 0.4 miles, making walkable green space a genuine daily option.

Tom and Dariya Milan at LPT Realty know this corridor well. Reach out to talk through 1742 Ocean Bay Drive, VA loan options, or anything else on your Virginia Beach homes for sale shortlist.

Summary generated by AI from public records and publicly available information.

Homes like this one sell fast — see the next one first

Virginia Beach$190K – $265K2+ beds

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Schools

VaHome School Score

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.

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 B

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

South Shore Estates

South Shore Estates is a lakefront neighborhood in southeastern Virginia Beach, set off General Booth Boulevard near Nimmo Parkway and the Red Mill area, within the 23454 zip code.

$775K

Median sale · 12 mo

$266

Sold $/sq ft

13d

Days on market

1

For sale now

$128K

HH income

85.9%

Owner-occupied

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

Explore South Shore Estates
Map of South Shore Estates with neighborhood boundaryNeighborhood

houses for sale in Virginia Beach

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

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

$1,406/mo

Principal & interest

$1,178

Property tax

$162

Home insurance

$66

PMI

None

HOA/Condo (paid separately)

$258

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 & history

Judge value on real ground

Price context — similar nearby homes

$1,530$289,000

The 4 most similar homes nearby (same city, within ~20% of this size, ~2.5 mi; 3 sold). Context for judging the asking price — not an appraisal or an estimate of this home's value.

1737 Sword Dancer DR · 0.6 mi · 1,000 sqft$289,000 sold 2026-04
985 Fleet DR #459 · 0.6 mi · 1,021 sqft$100,000 sold 2026-06
1110 Crist PL · 1.5 mi · 840 sqft$265,000 sold 2026-05

Own a home nearby? See what it is worth today — What's your Virginia Beach home worth?

Sale & Tax History

List Price

$227,000

Price / Sq Ft

$261

Annual Taxes

$1,941

Monthly Tax

$162

HOA + condo fees

$258 / mo

Tax Rate (effective)

0.86%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJun 26, 2026$227,000
Currently listed$227,000

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:

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

Is 1742 Ocean Bay Dr in a good school zone?+
The assigned zones on the listing record are Corporate Landing Elementary (VaHome School Score 7.1/10), Corporate Landing Middle (VaHome School Score 6.3/10), Ocean Lakes (VaHome School Score 8/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 1742 Ocean Bay 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.
Is there a gym near 1742 Ocean Bay Dr?+
Yes — Dam Neck Fitness Center is about 1 miles away, per the cached nearby-places record for this address.
Are there parks near 1742 Ocean Bay Dr?+
Pine Meadows West Park is about 0.4 miles away.
Does 1742 Ocean Bay Dr have an HOA or condo association?+
Both — this unit carries a condo association fee and a separate HOA (property owners association) fee. Current amounts for each are shown in the facts section on this page. The association of record is Ocean Lakes (Saddlewood) Condo Association. Association amenities on record include: Ground Maint, Playgrounds, Pool, Sewer, Tennis Cts, Trash Pickup, Water.
When was 1742 Ocean Bay Dr built?+
It was built in 1986, 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

Brokered by LPT Realty · Hampton Roads · answer their own phone

✓ Your inquiry goes to Tom & Dariya — never sold to strangers

Listing courtesy of Eric Addabbo · Prodigy Realty · REIN MLS #10638601

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

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1742 Ocean Bay Dr, Virginia Beach — photo

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

Call or text (757) 777-7577

1742 Ocean Bay Dr, Virginia Beach, Virginia 23454 · MLS #10638601 · 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.