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Virginia BeachLAKE PLACID1840 Olympic Dr✓ Source: REIN MLS #10642335 · record updated Jul 19, 2026 · synced every 2 min · your inquiry is never resold
1840 Olympic DR, VIRGINIA BEACH VA 23456 - Main photo
1840 Olympic DR, VIRGINIA BEACH VA 23456 - Photo 2
1840 Olympic DR, VIRGINIA BEACH VA 23456 - Photo 3
1840 Olympic DR, VIRGINIA BEACH VA 23456 - Photo 4
1840 Olympic DR, VIRGINIA BEACH VA 23456 - Photo 5
$450,000
$262 / sqft · est. $2,753/mo →
3beds
2.1baths
1,716sqft
16days on market

1840 Olympic Dr, Virginia Beach, VA 23456

ActiveResidential · built 1978 · LAKE PLACID

About this home

The listing, in the seller's words

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

VaHome team overview

Our read on this home

At a glance

1840 Olympic Drive is a three-bedroom, two-and-a-half-bath home in Virginia Beach, built in 1978 and offering 1,716 square feet of living space. With NAS Oceana just six minutes away and Dam Neck Annex nine minutes out, the location is hard to beat for military households.

Read the full overview ↓

Why this home stands out

What sets 1840 Olympic Drive apart is its rare combination of proximity to two major installations and an established Virginia Beach neighborhood with mature trees and a settled, residential feel. At 1,716 square feet across three bedrooms, the floor plan gives every household member real space to spread out — and the half-bath on the main level is one of those small details that makes daily life noticeably smoother.

LAKE PLACID and the Virginia Beach real estate market

Olympic Drive sits within a quiet, established section of Virginia Beach — a city that consistently ranks among the most livable on the East Coast. This part of the 23456 zip code has a grounded, neighborhood feel: streets lined with mature trees, homes that have been loved for decades, and neighbors who tend to stick around. You're far enough from the resort strip to enjoy genuine residential calm, yet close enough to Virginia Beach's coastline, parks, and commercial corridors to reach them without effort. The broader city wraps around you with all the infrastructure a busy household needs — major grocery anchors, healthcare facilities, dining, and recreation are all within a short drive. Virginia Beach's mix of natural beauty, military heritage, and year-round outdoor lifestyle gives this address a context that's genuinely hard to replicate elsewhere in Hampton Roads.

What's nearby

Everyday errands are straightforward from 1840 Olympic Drive. Grocery options, pharmacies, and casual dining are all within a few miles, and the Landstown Commons shopping corridor puts a wide range of retail within easy reach. Stumpy Lake Natural Area is close by for hiking and fishing, and First Landing State Park is a reasonable drive for kayaking and trail time. The Virginia Beach Oceanfront is accessible without a major commitment, making spontaneous beach days a realistic part of life here rather than a special occasion.

For different buyers

For military families relocating

For active-duty households, 1840 Olympic Drive is genuinely well-positioned. NAS Oceana is six minutes away and Dam Neck Annex is nine — meaning short commutes in both directions. Using a VA loan, qualified buyers can often purchase with no down payment, which makes a three-bedroom, two-and-a-half-bath home in Virginia Beach an achievable goal rather than a distant one. BAH rates in this area are strong, and the location supports them.

For first-time buyers

If you're buying your first home, 1840 Olympic Drive offers a realistic entry point into Virginia Beach homeownership. Three bedrooms, two and a half baths, and 1,716 square feet give you room to grow without overextending. The 1978 build year means the home has character and established bones, and the neighborhood's stability is a reassuring backdrop for a first purchase. It's a home you can settle into and build equity from.

More buyer questions

How far is 1840 Olympic Drive from NAS Oceana?

NAS Oceana is approximately six minutes from 1840 Olympic Drive under normal traffic conditions. That's one of the shortest base commutes you'll find in a residential neighborhood setting in Virginia Beach.

How far is 1840 Olympic Drive from Dam Neck Annex?

Dam Neck Annex is about nine minutes away, making this address a practical choice for households with personnel assigned to either installation — or both.

Is 1840 Olympic Drive in a flood zone?

Flood zone information for this address is displayed in the FloodRisk tile on this page, which pulls current FEMA map data. We recommend reviewing that section and discussing it with your agent.

What is the lot and property type at 1840 Olympic Drive?

1840 Olympic Drive is a residential single-family property built in 1978, offering 1,716 square feet across three bedrooms and two and a half baths in an established Virginia Beach neighborhood.

Can a VA loan be used to purchase 1840 Olympic Drive?

Yes — eligible active-duty service members, veterans, and qualifying surviving spouses can use a VA loan to purchase this property. VA loans offer significant benefits including no required down payment for qualified buyers.

Tom and Dariya Milan at LPT Realty know this corner of Virginia Beach well. Reach out to schedule a walkthrough or ask any questions about 1840 Olympic Drive — they're here to help.

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

1978

Price / sqft

$262

HOA

None

Taxes

$3,442/yr

County

Virginia Beach VA

Waterfront

Yes

MLS #

10642335

Interior

Bedrooms
3
Full baths
2
Half baths
1
Approx. sqft
1,716
Stories
2
Flooring
Carpet, Ceramic, Vinyl
Total rooms
8
Other rooms
Assigned Storage, Attic, Breakfast Area, PBR with Bath, Office/Study, Pantry, Porch, Utility Closet, Utility Room
Appliances
Dishwasher, Disposal, Dryer Hookup, Microwave, Elec Range, Refrigerator, Washer Hookup
Equipment
Cable Hookup, Ceiling Fan, Satellite Dish

Construction & exterior

Style
Traditional
Subtype
Detached
Foundation
Slab
Roof
Asphalt Shingle
Exterior
Vinyl
Pool
In Ground Pool
Fencing
Back Fenced
Waterfront
Not Waterfront

Utilities & systems

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

Lot, parking & ownership

Lot size
0.1815
Subdivision
LAKE PLACID
Zoning
R75
Ownership
Fee Simple
Garage
Yes
Parking
Unit Gar, 1 Space, Street
Possession
SETTLEMENT
Disclosures
Disclosure Statement, Pet on Premises

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

Flood & environment

FEMA flood zone AE · base flood elevation 7 ft · Special Flood Hazard Area (flood insurance typically required) · FIRM 515531

Flood Risk

Looking up FEMA flood zone…

Zone AE typically means lenders require flood insurance — factor it into the monthly numbers below.

Hurricane Evacuation Zone

Evacuation Zone C

Source: Virginia Dept. of Emergency Management — Know Your Zone

Military Aircraft Zone Information

Aircraft Noise

70-75 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

Lake Placid

Lake Placid is an established Virginia Beach neighborhood built around its namesake lake, set off London Bridge Boulevard near Dam Neck Road in the 23453 ZIP code, with Holland Road and Lynnhaven Parkway among the nearby corridors.

$458K

Median sale · 12 mo

$255

Sold $/sq ft

15d

Days on market

2

For sale now

$125K

HH income

92.5%

Owner-occupied

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

Explore Lake Placid
Map of Lake Placid with neighborhood boundaryNeighborhood

Virginia Beach homes for sale

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

$2,753/mo

Principal & interest

$2,335

Property tax

$287

Home insurance

$131

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.

Value & history

Judge value on real ground

Asking vs. assessment

127% of $354,800

City assessment record · taxes $3,442/yr

Land share of assessed value

37% — $130,000

Improvements $224,800 · assessor record ✓

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

$299,900$535,000

The 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.

2017 Hillsboro CT · 1.7 mi · 1,733 sqft$535,000 sold 2026-05
2578 Hartley ST · 2.3 mi · 1,727 sqft$399,900 sold 2026-05
2317 Seaboard RD · 1.6 mi · 1,453 sqft$299,900 sold 2026-04

Sale & Tax History

List Price

$450,000

Price / Sq Ft

$262

Annual Taxes

$3,442

Monthly Tax

$287

HOA

None

Tax Rate (effective)

0.76%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJul 3, 2026$450,000
Currently listed$450,000

Public-Records Assessment

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:

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.

Market tempo

16 days on market — read it in context

Days on market reflects pricing, season, and inventory — compare it against similar nearby homes below before reading anything into it.

Questions buyers ask

Real questions, answered from the record

Is 1840 Olympic Dr in a good school zone?+
The assigned zones on the listing record are Strawbridge Elementary (GreatSchools 8/10), Corporate Landing Middle (GreatSchools 9/10), Landstown (GreatSchools 7/10). 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.

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 Racheal Pridgen · Keller Williams Town Center · REIN MLS #10642335

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.

1840 Olympic Dr, Virginia Beach — photo

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

Call or text (757) 777-7577

1840 Olympic Dr, Virginia Beach, Virginia 23456 · 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.