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Virginia Beach › OCEAN LAKES › 1742 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
$227,000
$261 / sqft · est. $1,664/mo →
2beds
2baths
870sqft
39days on market

1742 Ocean Bay Dr, Virginia Beach, VA 23454

Under ContractResidential · built 1986 · OCEAN LAKES

About this home

The listing, in the seller's words

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

VaHome team overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · LPT Realty

At a glance

1742 Ocean Bay Drive is a two-bedroom, two-bath home in Virginia Beach built in 1986, sitting less than a mile from Dam Neck Annex. At 870 square feet, it offers a low-maintenance footprint with two parks within walking distance and everyday dining just steps away.

Read the full overview ↓

Why this home stands out

What sets 1742 Ocean Bay Drive apart is its almost unbeatable proximity to Dam Neck Annex — we're talking roughly a one-minute drive to the gate. That kind of access is genuinely rare in Virginia Beach. Add two full baths for a two-bedroom layout, a walkable pocket of green space, and a neighborhood restaurant around the corner, and this 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, one of the most livable mid-sized cities on the East Coast. Virginia Beach blends coastal lifestyle with real suburban infrastructure — you get Atlantic Ocean beaches, a thriving restaurant scene, and well-maintained parks without sacrificing everyday convenience. This particular corner of the city sits inland just enough to feel calm and residential, yet you're never far from the action. The surrounding streets have a settled, established character that comes with late-1980s construction — mature landscaping, single-family and smaller residential homes, and neighbors who tend to stay a while. Pine Meadows West Park is a short walk away, giving the area a genuinely green feel that's easy to take for granted until you don't have it.

What's nearby

Daily life is easy from 1742 Ocean Bay Drive. COCO's Cuisine is just 0.2 miles away — close enough to walk when you don't feel like cooking. The Galley, a local favorite, is about a mile out and worth the short drive. Green space is well covered: Pine Meadows West Park is 0.2 miles away, Pine Meadows Park sits at 0.3 miles, with another Pine Meadows Park entrance at 0.4 miles — so morning walks and weekend afternoons outdoors are genuinely convenient. Dam Neck Annex is essentially at your doorstep, and NAS Oceana is reachable in about eight minutes.

For different buyers

For military families relocating

For active-duty personnel assigned to Dam Neck Annex, it's hard to find a more practical address in Virginia Beach. The gate is roughly one minute away by car, which means more time at home and less time commuting. NAS Oceana is eight minutes out, keeping dual-military households covered. A VA loan can make ownership here straightforward, and the low-maintenance size means less weekend upkeep.

For first-time buyers

If you're stepping into ownership for the first time, 1742 Ocean Bay Drive offers a manageable entry point. Two bedrooms, two full baths, and 870 square feet means lower utility costs and less to maintain while you build equity. The walkable parks and nearby dining make the neighborhood feel livable from day one — and Virginia Beach's long-term demand keeps this a smart first move.

More buyer questions

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

Dam Neck Annex is approximately one minute by car from 1742 Ocean Bay Drive — about as close as you can get without living on base. It's one of the defining advantages of this address.

How far is 1742 Ocean Bay Drive from NAS Oceana?

NAS Oceana is roughly eight minutes away by car, making this home a practical option for personnel assigned to either installation.

Is 1742 Ocean Bay Drive in a flood zone?

Flood zone designation for this property is detailed in the FloodRisk tile on this page — check there for the most current FEMA map data.

What parks are near 1742 Ocean Bay Drive?

Pine Meadows West Park is 0.2 miles away, and Pine Meadows Park has access points at 0.3 and 0.4 miles — all walkable from the front door.

Does 1742 Ocean Bay Drive have an HOA?

HOA status for this property should be confirmed through current disclosure documents — your agent can pull that detail during the due-diligence process.

Want to see 1742 Ocean Bay Drive in person? Tom and Dariya Milan at LPT Realty know this corner of Virginia Beach well — reach out and let's set up a walkthrough.

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

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

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.

$770K

Median sale · 12 mo

$257

Sold $/sq ft

14d

Days on market

2

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

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

$1,500 – $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

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

Real questions, answered from the record

Is 1742 Ocean Bay Dr in a good school zone?+
The assigned zones on the listing record are Corporate Landing Elementary (GreatSchools 9/10), Corporate Landing Middle (GreatSchools 9/10), Ocean Lakes (GreatSchools 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

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

Free, no obligation — your inquiry goes to Tom & Dariya, never resold.

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.

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