11 days on market
$227,000
1742 Ocean Bay Dr
Virginia Beach, Virginia 23454
MLS# 10638601 · OCEAN LAKES · Virginia Beach VA
Updated 6 days ago · Source: REIN MLS
Est. payment
$1,406/mo
Edit below
Price / sq ft
$261
870 sq ft
Days on market
11
New listing
HOA
None
Year built
1986
40 yrs old
Beds
2
Full Baths
2
Half Baths
0
Sq Ft
870
Garage
No
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 be…
Listed by Eric Addabbo · Prodigy Realty
VaHome Team property overview
Meet 1742 Ocean Bay Drive — a two-bedroom, two-bath home in Virginia Beach built in 1986, offering 870 square feet of comfortable living space just one minute from Dam Neck Annex and a short drive to the Atlantic coast.
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Why this home stands out
What sets this address apart is its rare proximity to Dam Neck Annex — we're talking about a commute that barely registers on a clock. For anyone attached to the base, that daily time savings adds up fast. Pair that with easy access to NAS Oceana and you have a location that genuinely works for dual-military households or anyone who values a short, stress-free drive to work.
OCEAN LAKES and the Virginia Beach real estate market
Virginia Beach is one of the most livable cities on the East Coast, and the area surrounding Ocean Bay Drive reflects that well. The neighborhood has a quiet, established feel — mature trees, modest lots, and a pace that doesn't rush you. You're tucked into the southern end of the city, away from the busier resort strip, which means you get the benefits of Virginia Beach without the seasonal congestion right outside your door. That said, the beach is never far, and for those curious about things to do at VA Beach in winter, the answer is more than you'd expect — think First Landing State Park hikes, off-season seafood spots, and a surprisingly active local arts and dining scene that doesn't pack up when summer ends. The surrounding streets feel genuinely residential, and the proximity to both military corridors and civilian amenities gives this corner of Virginia Beach a practical, grounded character that appeals to a wide range of buyers.
What's nearby
Daily errands and downtime are well covered from this address. COCO's Cuisine is just 0.4 miles away for a quick dinner out, and Galley is under a mile if you're in the mood for something different. Panda Express rounds out the nearby dining options at about a mile. Green space is plentiful — Pine Meadows West Park and Pine Meadows Park are both within 0.4 miles, and Ocean Lakes Park is only 0.6 miles out, giving you easy access to open air without a drive. If you work out on base, the Dam Neck Fitness Center is roughly a mile away.
For different buyers
For military families relocating
With Dam Neck Annex literally one minute away and NAS Oceana reachable in about eight, this address is about as close to base as you can get without living on it. A VA loan makes ownership here straightforward, and the short commute means more time at home and less time in traffic — a real quality-of-life difference for active-duty families.
For first-time buyers
At 870 square feet with two bedrooms and two full baths, this home is a manageable, right-sized entry point into Virginia Beach homeownership. The layout doesn't waste space, the year-built puts you in a well-established neighborhood, and the proximity to parks and dining means you're stepping into a community with real daily convenience from day one.
Frequently asked questions
How far is 1742 Ocean Bay Drive from Dam Neck Annex?
Dam Neck Annex is approximately one minute from 1742 Ocean Bay Drive — it's one of the closest off-base addresses you'll find to that installation. The drive is essentially a straight shot with no highway required.
How far is 1742 Ocean Bay Drive from NAS Oceana?
NAS Oceana is about eight minutes away by car, making this address a practical option for personnel attached to either installation or households with assignments at both.
What is the square footage and layout of 1742 Ocean Bay Drive?
The home offers 870 square feet with two bedrooms and two full bathrooms — a compact but functional layout built in 1986 that suits couples, small families, or anyone who prefers a lower-maintenance footprint.
Is 1742 Ocean Bay Drive in a flood zone?
Flood zone information for this address is displayed in the FloodRisk tile on this page, which pulls the current FEMA designation directly. We recommend reviewing that section and discussing it with your agent before making any decisions.
Are there parks near 1742 Ocean Bay Drive?
Yes — Pine Meadows West Park and Pine Meadows Park are both within 0.4 miles, and Ocean Lakes Park is about 0.6 miles away, giving you multiple green-space options within easy walking or biking distance.
Tom and Dariya Milan at LPT Realty know this corner of Virginia Beach well. Reach out to get your questions answered and take a closer look at 1742 Ocean Bay Drive.
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
2
Full Baths
2
Half Baths
0
Approx Sq Ft
870
Stories
1
Fireplaces
0
Flooring
Carpet, Laminate/LVP
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer
Sale & Tax History
List Price
$227,000
Price / Sq Ft
$261
Annual Taxes
$1,941
Monthly Tax
$162
HOA
None
Tax Rate (effective)
0.86%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Jun 11, 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:
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
$1,406/moPrincipal & interest
$1,178
Property tax
$162
Home insurance
$66
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 Prodigy Realty · MLS# 10638601
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$227,000
1742 Ocean Bay DR, VIRGINIABEACH VA 23454
Virginia Beach, Virginia 23454
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