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Virginia Beach › OCEAN LAKES › 1742 Ocean Bay Dr✓ Source: REIN MLS #10638601 · record updated Jun 22, 2026 · synced every 2 min · your inquiry is never resold
1742 Ocean Bay DR, VIRGINIABEACH VA 23454 - Main photo
1742 Ocean Bay DR, VIRGINIABEACH VA 23454 - Photo 2
1742 Ocean Bay DR, VIRGINIABEACH VA 23454 - Photo 3
1742 Ocean Bay DR, VIRGINIABEACH VA 23454 - Photo 4
1742 Ocean Bay DR, VIRGINIABEACH VA 23454 - Photo 5
$227,000
$261 / sqft · est. $1,664/mo →
2beds
2baths
870sqft
11days 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

At a glance

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.

Read the full overview ↓

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.

More buyer 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.

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

Waterfront

Yes

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
Waterfront
Not Waterfront

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.

$787K

Median sale · 12 mo

$266

Sold $/sq ft

18d

Days on market

3

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

$1,664/mo

Principal & interest

$1,178

Property tax

$162

Home insurance

$66

PMI

None

HOA

$258

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

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

$100,000 – $289,000

The 3 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 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:

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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