Welcome home to this beautifully updated 3-bedroom, 2.5-bath home in the established Lake Placid neighborhood of Virginia Beach. Step inside to an open and inviting layout featuring a spacious living area with a cozy fireplace and an updated kitchen that flows seamlessly into the main living spaces, making it perfect for both everyday living and entertaining. Just off the main living area, you'll find a versatile bonus room ideal for a home office, playroom, or flex space, along with a convenient laundry room, half bath, and access to the attached one-car garage. Upstairs, the spacious primary suite offers a private ensuite with an updated bathroom, while two additional bedrooms and a full hall bath provide plenty of room for family and guests. Thoughtfully updated throughout, this home truly shines outdoors with a large backyard designed for relaxation and entertaining, featuring a sparkling saltwater in-ground pool, charming koi pond, pergola, and plenty of space to enjoy the outdoors. Conveniently located near shopping, dining, parks, military bases, beaches, and major commuter routes, this move-in-ready home offers the perfect combination of comfort, style, and location.
Listing courtesy of Racheal Pridgen · Keller Williams Town Center · REIN MLS #10642335
Meet 1840 Olympic Drive — a 3-bedroom, 2.1-bath home in Virginia Beach built in 1978, offering 1,716 square feet just six minutes from NAS Oceana. Groceries, a park, and a craft brewery are all within half a mile, making daily life genuinely convenient.
What sets 1840 Olympic Drive apart is its rare trifecta of proximity: NAS Oceana six minutes away, Dam Neck Annex nine minutes out, and a walkable pocket of everyday essentials right at the end of the block. For a 1978-built home in this zip code, that combination of military access and neighborhood infrastructure is hard to match among Virginia Beach homes for sale.
LAKE PLACID and the Virginia Beach real estate market
Virginia Beach is one of the largest cities by land area on the East Coast, yet individual pockets of it feel genuinely neighborhood-scaled — and the area around Olympic Drive is a good example of that. The surrounding streets are quiet and residential, lined with mature trees and homes from the late 1970s and early 1980s that give the area a settled, established feel. You're in the western interior of the city, away from the tourist corridor but still within a reasonable drive of the oceanfront when you want it. The broader Castleton area has a practical, unpretentious character — people here tend to know their neighbors, walk to the corner store, and grab a beer at the local brewery without making a production of it. City services, parks, and everyday retail are all close, and the road network makes commuting to either base fast and straightforward. If you're comparing homes for sale in Virginia Beach, this part of the city offers a grounded, livable alternative to higher-traffic corridors.
What's nearby
Daily errands barely require a car from 1840 Olympic Drive. Millers is 0.2 miles away and covers both grocery runs and your morning coffee. BP is equally close for quick stops. When it's time to eat, Ready Room and PMS Deli are both within 0.2 miles — solid neighborhood spots that regulars swear by. Young Veterans Brewing Company is just 0.5 miles out, a natural end-of-week destination. Lake Placid Park is a short walk at 0.2 miles, and Buyrn Farm Park adds more green space a mile away. Fitness options are plentiful too: Grappler's Garage, The Iron Asylum Gym - Castleton, and Porrada Barbell are all within a mile.
For different buyers
Base commute and VA loan notes
Six minutes to NAS Oceana and nine to Dam Neck Annex — 1840 Olympic Drive sits in one of the tightest commute windows you'll find in this zip code. A VA loan can make ownership here straightforward, and the established neighborhood means you're moving into a place that already works, not one you have to build from scratch.
For first-time buyers
If you're exploring homes for sale in 23453, 1840 Olympic Drive offers a practical entry point: three bedrooms, two and a half baths, and over 1,700 square feet in a neighborhood where walkable groceries, a park, and a brewery are already part of the package. The bones are solid, and the location does a lot of the heavy lifting.
More buyer questions
How far is 1840 Olympic Drive from NAS Oceana?
The drive is roughly six minutes under normal traffic conditions, making this one of the closer residential options to the base in Virginia Beach. Dam Neck Annex is about nine minutes in the other direction.
What school zone does 1840 Olympic Drive fall in?
Families comparing homes for sale zoned for Landstown High School and homes for sale zoned for Strawbridge Elementary School will want to verify current zoning directly with Virginia Beach City Public Schools, as boundaries can change.
Is 1840 Olympic Drive in a flood zone?
Flood zone status for this address is covered in the FloodRisk tile on this page, which pulls current FEMA map data. Always review that information and discuss it with your agent before making decisions.
Does the neighborhood near Olympic Drive have walkable amenities?
Yes — Millers grocery, BP, Ready Room, PMS Deli, and Lake Placid Park are all within 0.2 miles. Young Veterans Brewing Company is half a mile away, and three gyms are within a mile.
What is the property type and size at 1840 Olympic Drive?
It's a residential single-family home built in 1978, with 3 bedrooms, 2.1 baths, and 1,716 square feet of living space in Virginia Beach, Virginia 23453.
Tom and Dariya Milan at LPT Realty know this part of Virginia Beach well. Reach out to get a straight answer on whether 1840 Olympic Drive fits your timeline and goals.
Summary generated by AI from public records and publicly available information.
Schools · VaHome School ScoreAssigned schools
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.
How Far Is?
Driving distance by road and typical drive time via Google Maps, to the nearest location of each.
Also nearby
Distances are straight-line (as the crow flies) from this property, not driving miles. Places within ~1 mile, nearest first. Powered by Google Places.
Homes like this one sell fast — see the next one first
Virginia Beach$380K – $520K3+ beds
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Military Commute
Drive times to nearest bases
⚓
NAS Oceana
Navy
13min·4.6mi
⚓
Dam Neck
Navy
15min·6.2mi
🚢
USCG Finance Ctr
Coast Guard
25min·13.1mi
⚓
Little Creek
Navy
32min·17mi
⚓
NNSY
Navy
31min·21.1mi
Typical drive times from Google Maps, without live traffic. Rush hour and tunnel backups can add time.
Flood & environmentFlood risk (FEMA)
FEMA flood zone AE · base flood elevation 7 ft · Special Flood Hazard Area (flood insurance typically required) · FIRM 515531
🌊 Flood Risk (FEMA)
Source: FEMA National Flood Hazard Layer · FIRM 515531
High Risk
FEMA flood zone
AE (1% annual chance)
Base flood elevation
7 ft above sea level
Property elevation
8.5 ft above sea level
1.5 ft above BFE
USGS 3DEP digital elevation model
Special Flood Hazard Area — 1% annual chance of flooding. Federal flood insurance is required on most mortgages.
Data sources: Flood zone and base flood elevation come from FEMA’s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service — actual elevations across a single property can vary by several feet higher or lower than the figure shown. Use these numbers as a starting reference and do your own due diligence (a professional survey or elevation certificate) before relying on them for any financial, insurance, or construction decision.
Zone AE typically means lenders require flood insurance. Factor it into the monthly numbers below.
Lake Placid is a settled Virginia Beach neighborhood built around its namesake lake. It sits off London Bridge Boulevard near Dam Neck Road in the 23453 ZIP code.
$450KMedian sale · 12 mo
$258Sold $/sq ft
15dDays on market
2For sale now
$125KHH income
92.5%Owner-occupied
REIN MLS closed sales, trailing 12 mo · U.S. Census ACS 2024 5-year
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
$2,753/mo
Principal & interest
$2,335
Property tax
$287
Home insurance
$131
PMI
None
HOA/Condo (paid separately)
None
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 & historyComparables
Asking vs. assessment127% of $354,800City assessment record · taxes $3,442/yr
Land share of assessed value37% · $130,000Improvements $224,800 · assessor record ✓
Price context: similar nearby homes$380,000 – $420,000The 6 most similar homes nearby (same city, within ~20% of this size, ~2.5 mi; 6 sold). Context for judging the asking price, not an appraisal or an estimate of this home's value.
Source: City Assessor via Hampton Roads Regional Parcels.
27% above assessment
Total Assessed
$354,800
Land
$130,000
Improvement
$224,800
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.
CompareThis home next to what else is for sale nearby
Home
Price
Beds
Baths
Sqft
$ / sqft
1840 Olympic Drthis home
$450,000
3
2.1
1,716
$262
Loading nearby homes for sale…
Active comparables from the REIN MLS, the same homes shown under Comparable Properties. Context for judging the asking price, not an appraisal.
Questions buyers ask
Is 1840 Olympic Dr in a good school zone?
The assigned zones on the listing record are Strawbridge Elementary (VaHome School Score 9.2/10), Corporate Landing Middle (VaHome School Score 6.5/10), Landstown (VaHome School Score 7.4/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 1840 Olympic Dr in a flood zone?
FEMA maps this parcel in Zone AE with a base flood elevation of 7 ft — a high-risk flood band where lenders typically require flood insurance. See the flood section on this page for the full details and sources, and verify with an elevation certificate.
Does 1840 Olympic Dr have an HOA?
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 1840 Olympic Dr built?
It was built in 1978, per the listing record.
Answers generated from the listing record, verified school zones, FEMA data, and cached nearby-places data. Never invented.
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Listing courtesy of Racheal Pridgen · Keller Williams Town Center · REIN MLS #10642335
1840 Olympic Dr, Virginia Beach, Virginia 23453 · MLS #10642335 · 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.
