Chesapeake › INLAND COLONY › 220 Deepwater Dr✓ Source: REIN MLS #10645328 · record updated Sep 25, 2026 · synced every 2 min · your inquiry is never resold

220 Deepwater DR, CHESAPEAKE VA 23322 - Main photo

$415,000

3beds

2baths

1,766sqft

30days on market

220 Deepwater Dr, Chesapeake, VA 23322

SoldResidential · built 1978 · INLAND COLONY

Chapter · The Water

Life on the water

The waterfront is the reason this home exists. Its water record, straight from the listing: Boat Lift, Bulkhead, Canal, Deep Water, Deep Water Access, Dock, Navigable, Riparian Rights, River, Tidal.

Frontage

Canal · River · Tidal ✓ VERIFIED

Dock

Dock · Boat lift

Shoreline

Bulkheaded

Access

Deep-water access

Source: REIN MLS listing record · waterfront features as listed

Facts & features

Type

Residential

Year built

1978

Price / sqft

$235

HOA

None

Taxes

$4,243/yr

County

Chesapeake VA

Waterfront

Yes

MLS #

10645328

Interior

Bedrooms: 3
Full baths: 2
Approx. sqft: 1,766
Stories: 1
Flooring: Carpet, Ceramic, Laminate/LVP, Vinyl
Ensuite bedrooms: 1
First-floor bed & full bath: Yes
Total rooms: 8
Other rooms: 1st Floor BR, 1st Floor Primary BR, Attic, Breakfast Area, Foyer, PBR with Bath, Pantry, Porch, Utility Room
Appliances: Dishwasher, Disposal, Dryer Hookup, Microwave, Elec Range, Refrigerator, Washer Hookup
Equipment: Cable Hookup, Ceiling Fan, Gar Door Opener
Accessibility: Main Floor Laundry, Pocket Doors

Construction & exterior

Style: Ranch
Subtype: Detached
Foundation: Crawl
Roof: Asphalt Shingle
Exterior: Brick
Pool: No Pool
Waterfront: Boat Lift,Bulkhead,Canal,Deep Water,Deep Water Access,Dock,Navigable,Riparian Rights,River,Tidal
Deep-water access: Yes

Utilities & systems

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

Lot, parking & ownership

Lot size: 0.4590
Subdivision: INLAND COLONY
Zoning: R10S
Ownership: Fee Simple
Garage: Yes
Parking: Garage Att 2 Car, 4 Space, Driveway Spc
Possession: SETTLEMENT
Miscellaneous: Fixer Upper
Disclosures: Disclosure Statement

See more Chesapeake waterfront homes.

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

About this home

Rare opportunity to own on deep water in Chesapeake! Fish, kayak, boat right off your back dock. Keep your boat in your own backyard on the boat lift instead of paying for dry storage or slip fees. From your private dock, enjoy an approximate 40–50-minute cruise to the open waters of the Chesapeake Bay or to Downtown Norfolk's vibrant Waterside District where waterfront dining, entertainment and marina amenities await you! Solidly built and full of potential, this classic brick ranch home offers 1,800 square feet of living space with 3 bedrooms and 2 full baths. Whether you're looking to renovate, personalize or invest, this home provides a fantastic opportunity to make it your own. Being sold as-is, it is ready for your vision and your creativity! Call for more details or to schedule a private tour.

Listing courtesy of Lorrie Gilbert · BHHS RW Towne Realty · REIN MLS #10645328

Tom & Dariya's overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · Brokered by LPT Realty

At a glance

Three-bedroom, two-bath home built in 1978 on a quiet Chesapeake street. About 1,766 square feet with solid bones and room to personalize. Close to USCG Finance Center Chesapeake and Norfolk Naval Shipyard. A straightforward option among Chesapeake homes for sale.

Keep searching in Chesapeake

See all Chesapeake homes for sale, including homes for sale in 23322, homes for sale zoned for Grassfield High School, and homes for sale zoned for Cedar Road Elementary School. Browse every listing among homes for sale in Chesapeake — updated from the REIN MLS every few minutes. Nearby, look at Riverwalk homes for sale, Chesapeake waterfront homes for sale, Chesapeake condos and townhomes for sale, and new construction homes in Chesapeake.

Read the full overview ↓

Why this home stands out

This 1978 ranch sits on a residential lot in a stable neighborhood. The floor plan offers three bedrooms and two bathrooms across 1,766 square feet—efficient and unpretentious. You'll find the bones are sound and the layout works well for daily life. The location puts you minutes from federal employers and the broader Chesapeake area. It's the kind of property that rewards someone ready to make it their own.

INLAND COLONY and the Chesapeake real estate market

220 Deepwater Drive sits in a quiet, established residential area of Chesapeake. The streets here are lined with modest single-family homes from the 1970s and 1980s, each on its own lot. Neighbors tend to stay put, and the pace is unhurried. Chesapeake itself is Virginia's largest city by land area, a mix of suburban neighborhoods, commercial corridors, and waterfront access. Getting around is easy on major roads like George Washington Highway and I-64. Shopping, dining, and services cluster nearby. If you are comparing homes for sale in Chesapeake, note that 23322 offers affordability and proximity to military and federal employment centers. Anyone comparing homes for sale zoned for Grassfield High School and homes for sale zoned for Cedar Road Elementary School will find solid options throughout the zip code. The city balances small-town feel with big-city convenience.

What's nearby

USCG Finance Center Chesapeake is about 7 minutes away by car. Norfolk Naval Shipyard sits roughly 14 minutes east. Grocery stores, pharmacies, and casual dining are within a short drive. Parks and recreation areas dot the broader Chesapeake area. The neighborhood itself is quiet, with tree-lined streets and low traffic. Local shops and services cluster along nearby commercial corridors. You'll find everything you need without a long commute.

For different buyers

Base commute and VA loan notes

Seven minutes to USCG Finance Center Chesapeake and 14 minutes to Norfolk Naval Shipyard—short commutes for federal employees. VA loan financing is common in this price range and neighborhood. The home's straightforward layout and modest size mean lower utility costs and less upkeep. Quick move-in is possible for buyers ready to settle in.

Room to grow

Three bedrooms give you room to spread out—a dedicated master, two secondary bedrooms, and two full baths. The 1978 ranch layout is open enough to flow well for daily life. A modest lot means less yard maintenance while still offering outdoor space. The efficient 1,766 square feet keeps heating and cooling costs reasonable.

Homes like this one sell fast — see the next one first

Chesapeake$350K – $480K3+ beds

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Schools

VaHome School Score

Our own 1–10 rating, scored from Virginia Department of Education data.

ElementaryCedar Road Elementary School
8.6/10
MiddleHickory Middle School
9/10
HighGrassfield High School
9.1/10

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.

Flood & environment

FEMA flood zone AE · base flood elevation 8 ft · Special Flood Hazard Area (flood insurance typically required) · FIRM 510034

Flood Risk (FEMA)

Source: FEMA National Flood Hazard Layer · FIRM 510034

High Risk

FEMA flood zone

AE (1% annual chance)

Base flood elevation

8 ft above sea level

Property elevation

4.4 ft above sea level

3.6 ft below 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\u2019s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service \u2014 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.

Hurricane Evacuation Zone

Evacuation Zone A

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

Explore this neighborhood

Riverwalk

Riverwalk is a master-planned community in Chesapeake, Virginia. It sits among mature hardwoods along the Eastern Branch of the Elizabeth River.

$295K

Median sale · 12 mo

$207

Sold $/sq ft

16d

Days on market

For sale now

$87K

HH income

70%

Owner-occupied

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

Explore Riverwalk →

Neighborhood

homes for sale in Chesapeake →

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

$2,628/mo

Down payment20% · $83,000

Interest rate6.75%

Loan term30 years

Principal & interest

$2,153

Property tax

$354

Home insurance

$121

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 & history

Why the land carries the value

Asking vs. assessment

99% of $420,100

City assessment record · taxes $4,243/yr

Land share of assessed value

52% — $220,000

Improvements $200,100 · assessor record ✓

Price context — similar nearby homes

$332,500 – $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.

407 Pines Of Warrick DR · 1.6 mi · 1,837 sqft$535,000 sold 2026-04

560 Denver AVE · 1.8 mi · 1,710 sqft$420,000 sold 2026-09

540 Akron AVE · 1.7 mi · 1,900 sqft$450,000 sold 2026-04

Own a home nearby? See what it is worth today — What's your Chesapeake home worth?

Sale & Tax History

List Price

$415,000

Price / Sq Ft

$235

Annual Taxes

$4,243

Monthly Tax

$354

HOA

None

Tax Rate (effective)

1.02%

Sale Timeline (this listing)

Event	Date	Price	Detail
Listed	Aug 26, 2026	$415,000	—
Price reduced	Sep 25, 2026	$415,000	−$50,000
Sold	Sep 25, 2026	$415,000	—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

Asking near assessment

Total Assessed

$420,100

Land

$220,000

Improvement

$200,100

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:

Chesapeake 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

Is 220 Deepwater Dr in a good school zone?+

The assigned zones on the listing record are Cedar Road Elementary (VaHome School Score 8.6/10), Hickory Middle (VaHome School Score 9/10), Grassfield (VaHome School Score 9.1/10). School attendance zones can change — always confirm enrollment with the local school division.

Is 220 Deepwater Dr in a flood zone?+

FEMA maps this parcel in Zone AE with a base flood elevation of 8 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.

Is 220 Deepwater Dr a waterfront property?+

Yes. The listing record shows: Boat Lift,Bulkhead,Canal,Deep Water,Deep Water Access,Dock,Navigable,Riparian Rights,River,Tidal.

Does 220 Deepwater Dr have an HOA?+

No — there are no HOA, condo, or association dues on the listing record for this property.

When was 220 Deepwater 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

Tom & Dariya Milan

Brokered by LPT Realty · Hampton Roads · answer their own phone

✓ Your inquiry goes to Tom & Dariya — never sold to strangers

Listing courtesy of Lorrie Gilbert · BHHS RW Towne Realty · REIN MLS #10645328

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.

This home has sold

Curious what it means for your own plans? Ask about similar homes nearby, or what your home might sell for in this market.

This one's sold — the next one doesn't have to be.

🏡 Homes for sale in Chesapeake Call or text (757) 777-7577

220 Deepwater Dr, Chesapeake, Virginia 23322 · MLS #10645328 · 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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220 Deepwater Dr, Chesapeake, VA 23322

Life on the water

Facts & features

About this home

Our read on this home

Why this home stands out

INLAND COLONY and the Chesapeake real estate market

What's nearby

For different buyers

Base commute and VA loan notes

Room to grow

More buyer questions

Homes like this one sell fast — see the next one first

Schools

Flood & environment

🌊 Flood Risk (FEMA)

Hurricane Evacuation Zone

Riverwalk

Minutes to real places, not a score

Location & Neighborhood

Military Commute

Run the real carrying cost

Estimate your monthly payment

Why the land carries the value

Sale & Tax History

Sale Timeline (this listing)

Public-Records Assessment

Comparable Properties

Questions buyers ask

You'll talk to a person, not a lead queue

This one's sold — the next one doesn't have to be.

Flood Risk (FEMA)