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Virginia Beach › BELLWOOD ESTATES › 2261 Margaret Dr✓ Source: REIN MLS #10652666 · record updated Sep 8, 2026 · synced every 2 min · your inquiry is never resold
2261 Margaret DR, VIRGINIA BEACH VA 23456 - Main photo
2261 Margaret DR, VIRGINIA BEACH VA 23456 - Photo 2
2261 Margaret DR, VIRGINIA BEACH VA 23456 - Photo 3
2261 Margaret DR, VIRGINIA BEACH VA 23456 - Photo 4
2261 Margaret DR, VIRGINIA BEACH VA 23456 - Photo 5
4beds
2.1baths
3,400sqft
0days on market

2261 Margaret Dr, Virginia Beach, VA 23456

Coming SoonResidential · built 1988 · BELLWOOD ESTATES

Chapter · The Water

Life on the water

The waterfront is the reason this home exists. Its water record, straight from the listing: Dock, Lake.

Frontage

Lake ✓ VERIFIED

Dock

Dock

Source: REIN MLS listing record · waterfront features as listed

Facts & features

Type

Residential

Year built

1988

Price / sqft

$212

HOA

None

Taxes

$5,938/yr

County

Virginia Beach VA

Waterfront

Yes

MLS #

10652666

Interior

Bedrooms
4
Full baths
2
Half baths
1
Approx. sqft
3,400
Stories
2
Flooring
Carpet, Ceramic, Wood
Ensuite bedrooms
1
First-floor bed & full bath
Yes
Total rooms
10
Other rooms
Attic, Balcony, Breakfast Area, Fin. Rm Over Gar, Foyer, PBR with Bath, Office/Study, Pantry, Porch, Rec Room, Sun Room, Utility Room
Appliances
Dishwasher, Disposal, Dryer, Microwave, Gas Range, Refrigerator, Washer
Equipment
Attic Fan, Cable Hookup, Ceiling Fan, Gar Door Opener, Security Sys

Construction & exterior

Style
Colonial
Subtype
Detached
Foundation
Crawl
Roof
Asphalt Shingle
Exterior
Brick
Pool
No Pool
Waterfront
Dock,Lake
Deep-water access
Yes

Utilities & systems

Heating
Nat Gas, Programmable Thermostat, Zoned
Cooling
Central Air, Heat Pump, Zoned
Water heater
Gas
Water
City/County
Sewer
City/County

Lot, parking & ownership

Lot size
0.6772
Subdivision
BELLWOOD ESTATES
Zoning
R15
Ownership
Fee Simple
Garage
Yes
Parking
Garage Att 2 Car, Off Street, Driveway Spc, Street
Possession
CLOSING
Disclosures
Disclosure Statement

See more Virginia Beach waterfront homes.

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

About this home

Meticulously maintained lakefront living in desirable Bellwood Estates! This exceptional 4-bedroom (4th bedroom is FROG), 2½-bath home, offers timeless style, generous living spaces, and serene water views. A welcoming grand foyer opens to a traditional dining room and a large, beautifully appointed kitchen designed for entertaining. The inviting family room features a natural gas fireplace, while the four-seasons room provides a tranquil setting overlooking the lake. The spacious primary suite offers a private balcony overlooking the water, ready for your finishing touches. The updated bath features a luxurious spa shower and classic clawfoot tub. Ideally located near Virginia Beach and Chesapeake, major hospitals, the Virginia Beach City complex, shopping, dining, and everyday conveniences. Be on vacation every day!

Listing courtesy of Jennifer Keenan · BHHS RW Towne Realty · REIN MLS #10652666

Tom & Dariya's overview

Our read on this home

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

At a glance

2261 Margaret Drive is a 4-bedroom, 2.1-bath, 3,400-square-foot single-family home built in 1988 in Virginia Beach's 23456 zip code. With three parks within a quarter mile, quick access to two military installations, and everyday conveniences steps away, it's a well-positioned address in a quiet residential pocket.

Keep searching in Virginia Beach

See all Virginia Beach homes for sale, including homes for sale in 23456, homes for sale zoned for Landstown High School, and homes for sale zoned for New Castle Elementary School. Browse every listing among homes for sale in Virginia Beach — updated from the REIN MLS every few minutes. Nearby, look at Hillcrest Farms homes for sale, Virginia Beach waterfront homes for sale, Virginia Beach condos and townhomes for sale, and new construction homes in Virginia Beach.

Read the full overview ↓

Why this home stands out

At 3,400 square feet, this 1988-built home delivers the kind of square footage that's genuinely hard to find at this price point in southwest Virginia Beach. Four bedrooms and two and a half baths give households room to spread out, while the established neighborhood setting means mature landscaping and a sense of place that newer subdivisions simply can't replicate. Three separate parks within 0.3 miles make the immediate surroundings feel more like a community than a subdivision.

BELLWOOD ESTATES and the Virginia Beach real estate market

Margaret Drive sits in a well-established residential corridor in the southwestern quadrant of Virginia Beach — a part of the city that tends to fly under the radar compared to the oceanfront but rewards those who look closely. The streets here are quiet, the lots are generous, and the neighbors have often been around long enough to wave hello. This is the kind of area where kids ride bikes to Bentley Park Community Park or Wyndamere Park without crossing a major road, and where evening walks feel unhurried. Virginia Beach as a whole offers a rare combination of coastal lifestyle, military community, and suburban practicality — and the 23456 zip code sits squarely in the middle of that balance. You're far enough from the resort strip to avoid tourist congestion, yet close enough to the oceanfront, Town Center, and the broader amenities that make Virginia Beach homes for sale so consistently appealing to buyers relocating from across the country.

What's nearby

Day-to-day errands are genuinely easy from Margaret Drive. A Food Lion grocery store is just 0.6 miles away, and a 7-Eleven sits only 0.4 miles out for quick stops. When you're ready to eat out, Honeybee Grill is half a mile away and a local favorite for casual dining. Honey Bee Golf Club, also 0.5 miles out, adds a recreational dimension that golfers will appreciate. For wellness, Mindful Arts and Healing is 0.8 miles away, and there's a soccer facility just 0.2 miles from the front door. Bellwood Estate Park rounds out the green-space options at 0.3 miles, joining Bentley Park Community Park and Wyndamere Park — both within 0.2 miles.

For different buyers

For military families relocating

USCG Finance Center Chesapeake is an 11-minute drive, and NAS Oceana is only 13 minutes away — making 2261 Margaret Drive a practical choice for service members at either installation. The VA loan program pairs well with a home this size, and the established neighborhood tends to hold value across PCS cycles. Families comparing homes for sale in Virginia Beach with a short commute to both bases will find this address checks a lot of boxes.

For families upgrading

Four bedrooms and 3,400 square feet give a growing household genuine breathing room — separate spaces for work, play, and guests without anyone feeling crowded. Three parks within a quarter mile mean younger kids have somewhere to go on a Saturday morning, and the quiet street character suits families who want a neighborhood that feels safe and settled. Parents researching homes for sale zoned for Landstown High School and homes for sale zoned for New Castle Elementary School will want to put this address on their list.

More buyer questions

How far is 2261 Margaret Drive from NAS Oceana?

NAS Oceana is approximately 13 minutes by car from 2261 Margaret Drive, making it a convenient commute for personnel stationed at the base. The route stays largely on established Virginia Beach roads without major highway congestion.

How far is 2261 Margaret Drive from USCG Finance Center Chesapeake?

The USCG Finance Center Chesapeake is about 11 minutes from this address, making it the closest military installation to Margaret Drive. Coast Guard personnel will find the commute straightforward on typical workday mornings.

What parks are near 2261 Margaret Drive?

Three parks are within 0.3 miles: Bentley Park Community Park and Wyndamere Park are both 0.2 miles away, and Bellwood Estate Park is 0.3 miles out. It's an unusually park-dense pocket for a residential street in this part of Virginia Beach.

Is 2261 Margaret Drive in a flood zone?

Flood zone designation for this address is detailed in the FloodRisk tile on this page, which pulls current FEMA map data. It's always worth reviewing that information alongside any insurance estimates before making a decision.

What is the neighborhood like around Margaret Drive in Virginia Beach?

The surrounding area is a quiet, established residential neighborhood in the 23456 zip code — characterized by mature trees, single-family homes built largely in the late 1980s and 1990s, and a low-traffic street environment. Among homes for sale in 23456, this pocket stands out for its walkable access to multiple parks and everyday conveniences within half a mile.

Tom and Dariya Milan at LPT Realty know this corner of Virginia Beach well. Reach out to get a complete picture of what 2261 Margaret Drive offers and how it fits your plans.

Summary generated by AI from public records and publicly available information.

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

Virginia Beach$610K – $830K4+ beds

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Schools

VaHome School Score

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.

Flood & environment

FEMA flood zone X · outside the high-risk area · FIRM 515531

Flood Risk

Looking up FEMA flood zone…

Explore this neighborhood

Hillcrest Farms

Hillcrest Farms is a residential community of detached single-family homes in south-central Virginia Beach, with access via Dam Neck Road.

$650K

Median sale · 12 mo

$206

Sold $/sq ft

20d

Days on market

4

For sale now

$165K

HH income

99.2%

Owner-occupied

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

Explore Hillcrest Farms →
Map of Hillcrest Farms with neighborhood boundaryNeighborhood

Virginia Beach real estate →

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

$4,441/mo

Principal & interest

$3,736

Property tax

$495

Home insurance

$210

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

Judge value on real ground

Price context — similar nearby homes

$450,000 – $883,500

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.

3800 Whitley Abbey CT · 0.4 mi · 3,480 sqft$600,000 sold 2026-06
4265 Feather Ridge DR · 0.5 mi · 3,200 sqft$450,000 sold 2026-04
4265 Feather Ridge DR · 0.5 mi · 3,200 sqft$659,000 sold 2026-08

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

Sale & Tax History

List Price

$720,000

Price / Sq Ft

$212

Annual Taxes

$5,938

Monthly Tax

$495

HOA

None

Tax Rate (effective)

0.82%

Sale Timeline (this listing)

EventDatePriceDetail
ListedSep 8, 2026$720,000—
Currently listed—$720,000—

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

Is 2261 Margaret Dr in a good school zone?+
The assigned zones on the listing record are New Castle Elementary (VaHome School Score 9.3/10), Landstown Middle (VaHome School Score 7.8/10), Landstown (VaHome School Score 7.6/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 2261 Margaret 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 2261 Margaret Dr a waterfront property?+
Yes. The listing record shows: Dock,Lake.
Does 2261 Margaret Dr have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 2261 Margaret Dr built?+
It was built in 1988, 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

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

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

Listing courtesy of Jennifer Keenan · BHHS RW Towne Realty · REIN MLS #10652666

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.

2261 Margaret Dr, Virginia Beach — photo

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

Call or text (757) 777-7577

2261 Margaret Dr, Virginia Beach, Virginia 23456 · MLS #10652666 · 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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