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Virginia Beach › BELLWOOD ESTATES › 2261 Margaret Dr✓ Source: REIN MLS #10652666 · record updated Sep 19, 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
3days on market

2261 Margaret Dr, Virginia Beach, VA 23456

Under ContractResidential · 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 · city assessor · 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

Four-bedroom, two-bath home built in 1988 on a spacious lot in Virginia Beach. About 3,400 square feet with room to grow. Close to NAS Oceana and USCG Finance Center Chesapeake for easy commutes.

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

This 1988 single-family home sits on a generous lot with four bedrooms and over 3,400 square feet. The layout gives you flexibility—whether you're looking for a home office, guest space, or room to expand your household. Solid bones and a practical floor plan make this the kind of block that anchors homes for sale in 23456.

BELLWOOD ESTATES and the Virginia Beach real estate market

Margaret Drive is a quiet, tree-lined street in a well-established residential area of Virginia Beach. The neighborhood has the feel of a mature community where homes sit comfortably on larger lots. You'll find a mix of single-family properties and established landscaping that gives the block real character. Virginia Beach itself is a sprawling, dynamic city with miles of waterfront, parks, and shopping districts. Getting around is straightforward on major roads like Military Highway and General Booth Boulevard. The city balances suburban calm with urban convenience—you're never far from grocery stores or restaurants. Commutes to NAS Oceana and USCG Finance Center Chesapeake are quick from this location.

What's nearby

Margaret Drive puts you within a few minutes of everyday essentials. Grocery stores, pharmacies, and casual dining options are scattered throughout the surrounding neighborhoods. Parks and recreation areas offer green space for outdoor time. The proximity to NAS Oceana and USCG Finance Center Chesapeake means short commutes for many households. Shopping and services cluster along nearby commercial corridors, so you won't need to travel far for what you need.

For different buyers

Base commute and VA loan notes

About 11 minutes to USCG Finance Center Chesapeake and 13 minutes to NAS Oceana. VA loan financing is common in this area, and the home's solid condition supports a smooth closing. Four bedrooms and established neighborhood infrastructure mean you can move in and settle quickly without major surprises.

Room to grow

Four spacious bedrooms give you room for a home office, guest suite, or whatever your household needs. Over 3,400 square feet means you're not cramped for storage or living space. The lot size is generous—plenty of room for outdoor projects or a yard that grows with your interests.

More buyer questions

How far is 2261 Margaret Drive from NAS Oceana?

About 13 minutes by car, making it a reasonable commute for personnel stationed there.

What is the square footage of this home?

The home is approximately 3,400 square feet across four bedrooms and two-and-a-half bathrooms.

Are there homes for sale zoned for Landstown High School and homes for sale zoned for New Castle Elementary School in this area?

Yes, this address falls within zones for both schools, and comparable homes for sale zoned for Landstown High School and homes for sale zoned for New Castle Elementary School are available throughout the neighborhood.

When was this home built?

The home was constructed in 1988, giving it over three decades of established character and proven systems.

How close is this home to USCG Finance Center Chesapeake?

About 11 minutes away, making it a convenient location for anyone commuting to the base.

Ready to explore Virginia Beach homes for sale? Contact us to schedule a tour of 2261 Margaret Drive and discover what this home offers.

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

By subscribing you agree to receive listing emails from Tom & Dariya Milan, Realtors, at most one a day. Unsubscribe anytime · Privacy PolicyBrokered by LPT Realty

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…

Hurricane Evacuation Zone

Evacuation Zone B

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

Explore this neighborhood

Hillcrest Farms

Hillcrest Farms is a neighborhood of detached single-family homes in south-central Virginia Beach. Access is via Dam Neck Road. Developed in the late 1990s on what was once a horse farm, it is built on big lots.

$650K

Median sale · 12 mo

$206

Sold $/sq ft

20d

Days on market

2

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

Asking vs. assessment

118% of $612,200

City assessment record · taxes $5,938/yr

Land share of assessed value

30% — $186,600

Improvements $425,600 · assessor record ✓

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.

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
3864 Border WAY · 0.8 mi · 3,329 sqft$883,500 sold 2026-07

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 16, 2026$720,000—
Currently listed—$720,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

18% above assessment

Total Assessed

$612,200

Land

$186,600

Improvement

$425,600

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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