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✓ Source: REIN MLS #10649053 · record updated Sep 23, 2026 · synced every 2 min · your inquiry is never resold
241 W Ocean View AVE #1, NORFOLK VA 23503 - Main photo
3beds
2baths
1,202sqft
37days on market

241 W Ocean View Ave #1, Norfolk, VA 23503

Off MarketResidential · built 1989 · OCEAN VIEW

About this home

INVESTOR SPECIAL: $790K TWO-UNIT BEACHFRONT BUNDLE ($395K PER UNIT) Exceptional investment opportunity across from the Chesapeake Bay! This listing is for the highly desirable 3BR/2BA ground-floor residence (Unit 1), priced at $395k and purchased simultaneously alongside Unit 2 (MLS#10649064). Savvy buyers acquire full structural control over the entire physical asset, maximizing landlord profits with zero monthly condo fees. Even better, this active, high-performing Airbnb enterprise conveys with a city-approved 2-year short-term rental Conditional Use Permit (CUP) that transfers directly to the buyer at closing. Featuring immediate proximity to the sand, an open kitchen, modern finishes, a private covered porch, and in-unit laundry, this turnkey property delivers immediate, elite cash flow. Unbeatable location with a short distance to the public beach access, dining, and the Ocean View Fishing Pier. Both units must be purchased concurrently to secure this ultimate coastal wealth-builder!

Listing courtesy of Jennifer Lombardo · Atlantic Sothebys Int'l Realty · REIN MLS #10649053

Facts & features

Type

Residential

Year built

1989

Price / sqft

$329

HOA

None

Taxes

$3,012/yr

County

Norfolk VA

MLS #

10649053

Interior

Bedrooms
3
Full baths
2
Approx. sqft
1,202
Stories
1
Flooring
Carpet, Vinyl
First-floor bed & full bath
Yes
Total rooms
6
Other rooms
1st Floor Primary BR, Breakfast Area
Appliances
Dishwasher, Dryer, Microwave, Elec Range, Refrigerator, Washer
Equipment
Ceiling Fan
Accessibility
Main Floor Laundry

Construction & exterior

Style
2 Unit Condo
Subtype
Attached
Foundation
Crawl
Roof
Asphalt Shingle
Exterior
Vinyl,Wood
Pool
No Pool
Fencing
Back Fenced

Utilities & systems

Heating
Electric
Cooling
Central Air
Water heater
Electric
Water
City/County
Sewer
City/County

Lot, parking & ownership

Lot size
0.0667
Subdivision
OCEAN VIEW
Unit / floor
1
Ownership
Condo
Garage
No
Parking
4 Space, Multi Car, Driveway Spc
Possession
CLOSING
Disclosures
Disclosure Statement

See more Norfolk condos & townhomes.

Sources: REIN MLS record · city assessor

Tom & Dariya's overview

Our read on this home

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

At a glance

A three-bedroom, two-bath condo at 241 W Ocean View Ave #1 puts you 0.1 miles from the beach and six minutes from Naval Station Norfolk — compact, coastal, and genuinely convenient for anyone who wants the Ocean View lifestyle without the single-family footprint.

Keep searching in Norfolk

See all Norfolk homes for sale, including homes for sale in 23503, homes for sale zoned for Granby High School, and homes for sale zoned for Ocean View Elementary School. Nearby, look at Ocean View homes for sale, Norfolk waterfront homes for sale, Norfolk condos and townhomes for sale, and new construction homes in Norfolk.

Read the full overview ↓

Why this home stands out

What makes Unit #1 stand out among Norfolk homes for sale is the combination that's hard to replicate: a 1,202-square-foot layout with three real bedrooms, two full baths, and a location so close to the Chesapeake Bay shoreline that you can hear the water. Built in 1989, the building sits directly on W Ocean View Avenue — the street that runs the length of Norfolk's northern waterfront — giving residents walk-to-beach access that most of the city simply cannot offer.

OCEAN VIEW and the Norfolk real estate market

Ocean View is Norfolk's northernmost neighborhood, stretching along the Chesapeake Bay shoreline and carrying a personality all its own. It's more laid-back than downtown, more neighborly than the suburban corridors further south, and unmistakably coastal — fishing piers, beach bars, yoga studios, and kayak launches share the same zip code. The broader city of Norfolk anchors the Hampton Roads metro and blends military heritage with a growing arts and restaurant scene, but Ocean View keeps its own rhythm. Homes for sale in Norfolk range from Victorian row houses in Ghent to waterfront condos here in 23503, and this stretch of W Ocean View Avenue sits at one of the most distinctly beachy points on that spectrum. The neighborhood draws a mix of active-duty families, longtime locals, and buyers who simply want the bay as a daily backdrop rather than a weekend destination.

What's nearby

Daily life runs smoothly from this address. Sarah Constant Beach Park and a local beach access point are both 0.1 miles away — a two-minute walk. Ocean View Fishing Pier Restaurant is right there too, making a waterfront lunch genuinely effortless. The OV Beach Tavern and Mudita Cafe & Bar are each about 0.4 miles out for evenings or slow mornings. Starbucks and a Harris Teeter grocery are both within half a mile, as are Dollar General and Beach Bay Mart for quick runs. Monkey Bottom Park is 0.2 miles away for outdoor time. Ocean View Yoga is 0.4 miles out, and OV Fit rounds out the fitness options at one mile.

For different buyers

Base commute and VA loan notes

Naval Station Norfolk is a six-minute drive, and MARFORCOM Norfolk is seven — making 241 W Ocean View Ave #1 one of the closer residential options to both installations. A VA loan can make a three-bedroom, two-bath purchase here straightforward, and the short commute leaves more time for the beach that's literally steps from your front door. Families comparing homes for sale in 23503 will find few addresses that check both boxes this cleanly.

For first-time buyers

Three bedrooms and two full baths in a condo format means you get meaningful space without the exterior maintenance demands of a detached home — a practical starting point. The walk-to-beach location adds lifestyle value that's hard to manufacture elsewhere in the city. If you're weighing homes for sale zoned for Granby High School and homes for sale zoned for Ocean View Elementary School, this address falls within that attendance zone and pairs academic access with a coastal setting.

More buyer questions

How far is 241 W Ocean View Ave #1 from Naval Station Norfolk?

The drive is approximately six minutes under normal traffic conditions, making this one of the closer residential addresses to the main gate. MARFORCOM Norfolk is similarly close at about seven minutes.

Is 241 W Ocean View Ave #1 within walking distance of the beach?

Yes — Sarah Constant Beach Park and a public beach access point are both 0.1 miles from the building, which translates to roughly a two-minute walk from the front door.

What is the flood zone status for this address?

Flood zone information for 241 W Ocean View Ave #1 is detailed in the FloodRisk tile on this page, which pulls current FEMA map data for the parcel.

Does 241 W Ocean View Ave #1 have an HOA?

As a condo unit, the property is governed by a condominium association. Whether an HOA is active and what it covers should be confirmed with current disclosure documents during the purchase process.

What grocery stores are near 241 W Ocean View Ave #1?

Harris Teeter, Dollar General, and Beach Bay Mart are all within half a mile, giving you solid everyday options without needing to travel far from the neighborhood.

Tom and Dariya Milan at LPT Realty know Ocean View well — reach out to get a full picture of what this address looks like in today's market.

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

How Far Is?

Driving distance by road and typical drive time via Google Maps, to the nearest location of each. Straight-line distances in “What’s nearby” are shorter.

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

Norfolk$335K – $455K3+ 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 510104

Flood Risk (FEMA)

Source: FEMA National Flood Hazard Layer · FIRM 510104

Low / Moderate Risk

FEMA flood zone

X (low to moderate risk)

Base flood elevation

Not applicable in low-risk zones

Zone X is outside the Special Flood Hazard Area; FEMA doesn\u2019t define a BFE here.

Property elevation

13.1 ft above sea level

USGS 3DEP digital elevation model

Outside the high-risk Special Flood Hazard Area. Federal flood insurance is NOT required, though optional preferred-rate NFIP coverage is still worth considering in coastal Hampton Roads.

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.

Hurricane Evacuation Zone

Evacuation Zone C

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

Explore this neighborhood

Ocean View

Ocean View is a neighborhood on the water in Norfolk, Virginia. It is known for its access to the Chesapeake Bay and its maritime feel. Homes range from modest single-family houses to cottages on the water.

$368K

Median sale · 12 mo

$255

Sold $/sq ft

30d

Days on market

61

For sale now

$61K

HH income

36.5%

Owner-occupied

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

Explore Ocean View →
Map of Ocean View with neighborhood boundaryNeighborhood

Norfolk real estate →

Location intelligence

What's nearby

Location & Neighborhood

Distances are straight-line (as the crow flies) from this property, not driving miles. Places within ~1 mile, nearest first. Powered by Google Places.

Military Commute

Drive times to nearest bases

NS Norfolk

Navy

11min·6.3mi

MARFORCOM

Marines

13min·7.3mi

NSA HR

Navy

16min·7.8mi

Little Creek

Navy

22min·8.7mi

NMCP

Navy

33min·12.2mi

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

Payment Calculator

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

$2,416/mo

Principal & interest

$2,050

Property tax

$251

Home insurance

$115

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

Comparables

Asking vs. assessment

161% of $244,900

City assessment record · taxes $3,012/yr

Land share of assessed value

18% — $43,000

Improvements $201,900 · assessor record ✓

Price context — similar nearby homes

$200,000 – $375,000

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.

9606 Mason Creek RD · 0.1 mi · 1,088 sqft$228,000 sold 2026-07
9396 PINE TREE RD #B · 0.6 mi · 1,296 sqft$205,000 sold 2026-10
245 W Ocean View AVE #102 · 0 mi · 976 sqft$200,000 sold 2026-10

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

Sale & Tax History

List Price

$395,000

Price / Sq Ft

$329

Annual Taxes

$3,012

Monthly Tax

$251

HOA

None

Tax Rate (effective)

0.76%

Sale Timeline (this listing)

EventDatePriceDetail
ListedAug 17, 2026$395,000—
Price reducedSep 18, 2026$395,000−$15,000
Currently listed—$395,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

61% above assessment

Total Assessed

$244,900

Land

$43,000

Improvement

$201,900

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:

Norfolk 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 241 W Ocean View Ave #1 in a good school zone?+
The assigned zones on the listing record are Ocean View Elementary (VaHome School Score 2.4/10), Northside Middle School (VaHome School Score 1.8/10), Granby (VaHome School Score 2.7/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 241 W Ocean View Ave #1 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.
Does 241 W Ocean View Ave #1 have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 241 W Ocean View Ave #1 built?+
It was built in 1989, 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

Listing courtesy of Jennifer Lombardo · Atlantic Sothebys Int'l Realty · REIN MLS #10649053

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

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241 W Ocean View Ave #1, Norfolk — photo

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

Call or text (757) 777-7577

241 W Ocean View Ave #1, Norfolk, Virginia 23503 · MLS #10649053 · 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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