3 days on market
$274,900
316 Falling Ln
Virginia Beach, Virginia 23454
MLS# 10637884 · WOODS AT LONDON BRIDGE · Virginia Beach VA
Updated Jun 12, 2026 · Source: REIN MLS
Est. payment
$1,691/mo
Edit below
Price / sq ft
$269
1,021 sq ft
Days on market
3
New listing
HOA
None
Year built
1984
42 yrs old
Beds
2
Full Baths
2
Half Baths
0
Sq Ft
1,021
Garage
No
Schools
- ElementaryKing's Grant Elementary School8/10
- MiddleGreat Neck Middle School8/10
- 7/10
Info provided by GreatSchools
About this home
Welcome to 316 Falling Lane in the Great Neck area of Virginia Beach. This charming end-unit townhome features two bedrooms and two baths and is move-in ready for its next owner. The first floor includes an updated kitchen with quartz countertops, modern cabinets, and stainless-steel appliances, as well as a bedroom with a renovated full bath. Upstairs offers a roomy bedroom, an updated bath, and a convenient laundry…
Listed by John Christian · The Real Estate Group
VaHome Team property overview
316 Falling Lane is a two-bedroom, two-bath home in Virginia Beach, built in 1984 and just over 1,000 square feet. It sits minutes from NAS Oceana, with groceries, parks, and local restaurants all within half a mile.
Read full property overview ↓Show less ↑
Why this home stands out
What sets 316 Falling Lane apart is its genuinely walkable daily routine in a city where most errands require a car. A park is two-tenths of a mile away, dinner is a short stroll, and three gyms are within six-tenths of a mile. For a compact two-bedroom home, the lifestyle radius here punches well above its square footage — and a five-minute drive to NAS Oceana makes the commute almost effortless.
WOODS AT LONDON BRIDGE and the Virginia Beach real estate market
316 Falling Lane sits in a quiet residential pocket of Virginia Beach — a city of roughly 460,000 people spread across beaches, military corridors, and established inland neighborhoods. This part of town, near the London Bridge Road corridor, has a lived-in, low-key character: modest streets, mature trees, and neighbors who tend to stay a while. You're close enough to the Oceanfront and Town Center to enjoy everything Virginia Beach offers, yet far enough from the tourist strip to keep daily life calm. If you've ever wondered what virginia beach in december actually feels like for residents — not visitors — this area answers that question well. Mild winters, uncrowded beaches, and a neighborhood that doesn't thin out when summer ends. Virginia Beach's year-round appeal is real, and this location puts you squarely inside it.
What's nearby
Daily errands are genuinely easy from Falling Lane. Food Lion is half a mile away for full grocery runs, and the American Asian Food Market rounds out specialty shopping at just 0.6 miles. When you'd rather let someone else cook, EJ's Kitchen is two-tenths of a mile away, and both Yiannis Wine & Food and The Veranda are under half a mile — The Veranda doubles as a coffee stop. Tropical Smoothie Cafe is another quick option at 0.5 miles. For fitness, TrainVB is 0.3 miles out, with RockBox Fitness and Mary Delk Pilates & Fitness both under 0.6 miles. Kenstock Park and London Bridge Park are both within easy walking distance for outdoor time.
For different buyers
For military families relocating
NAS Oceana is five minutes away, and Dam Neck Annex is roughly twelve — two of the most active installations in Hampton Roads, both reachable before your coffee gets cold. A VA loan can make ownership here straightforward, and the compact layout means lower utility and maintenance overhead during deployments. For a single service member or a small family working the Oceana flight line, the location math is hard to beat.
For first-time buyers
At just over 1,000 square feet, 316 Falling Lane is a realistic entry point into Virginia Beach homeownership without overextending. Two full baths, a manageable footprint, and a walkable block mean you're not sacrificing lifestyle for affordability. Virginia Beach in November and the quieter months ahead are a great time to get familiar with a neighborhood before the summer crowds arrive — and this one holds up year-round.
Frequently asked questions
How far is 316 Falling Lane from NAS Oceana?
NAS Oceana is approximately five minutes by car from 316 Falling Lane, making it one of the closest residential options to the base in Virginia Beach. The short commute is a practical advantage for active-duty personnel assigned there.
How far is 316 Falling Lane from Dam Neck Annex?
Dam Neck Annex is about twelve minutes south by car. That puts two major installations within easy reach of a single address, which is uncommon even in Hampton Roads.
Is 316 Falling Lane in a flood zone?
Flood zone status 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 before making decisions.
What is the neighborhood like around 316 Falling Lane?
The area has a quiet, established residential feel with mature landscaping and a mix of long-term homeowners. It's close to the London Bridge Road corridor, giving you quick access to groceries, dining, and parks without the noise of a commercial strip directly on your street.
Can you walk to restaurants and parks from 316 Falling Lane?
Yes — EJ's Kitchen and Kenstock Park are both about two-tenths of a mile away, and several other dining and fitness options are within half a mile. The walkability here is notably good for a Virginia Beach inland address.
Want to see 316 Falling Lane in person? Tom and Dariya Milan at LPT Realty know this corridor well — reach out and let's set up a time that works for you.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Places within ~1 mile, ordered by distance from this property. Powered by Google Places.
Flood Risk
Property Details
Bedrooms
2
Full Baths
2
Half Baths
0
Approx Sq Ft
1,021
Stories
2
Fireplaces
0
Flooring
Ceramic, Laminate/LVP
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
Dishwasher, Dryer, Microwave, Elec Range, Refrigerator, Washer
Sale & Tax History
List Price
$274,900
Price / Sq Ft
$269
Annual Taxes
$2,219
Monthly Tax
$185
HOA
None
Tax Rate (effective)
0.81%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Jun 9, 2026 | $274,900 | — |
| Currently listed | — | $274,900 | — |
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:
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.
About buying in Virginia Beach
Homes for sale in Virginia Beach, VA span every price point and lifestyle — from oceanfront condos along the famous Boardwalk to sprawling waterfront estates on the Lynnhaven River and Linkhorn Bay. As the largest city in Hampton Roads, Virginia Beach offers an unusually varied real estate market: established family neighborhoods in Great Neck (ZIP 23454), golf-course communities in Kempsville (23464), modern townhomes near Town Center (23462), and beach-cottage living along Sandbridge (23456). Whether you're searching for a starter home under $300K, a family home in a top-rated school district, or a luxury property north of $2 million, the active MLS inventory updates daily here. Buyer demand stays strong year-round, driven by Virginia Beach's mild coastal climate, the consistently top-ranked Virginia Beach City Public Schools (Kempsville High, Floyd E. Kellam High, Princess Anne High, and Cox High among them), and the city's role as home to Naval Air Station Oceana — the largest master jet base in the country. Military families relocating here through PCS orders make up a meaningful share of buyers, and VA loan financing is widely used. First-time buyers gravitate toward the inland ZIPs (23464, 23456, 23452), while second-home and luxury buyers tend toward 23451 (Oceanfront/North End) and 23454 (Great Neck/Bay Colony). Below you'll find every active Virginia Beach home for sale pulled live from the REIN MLS and refreshed every 5 minutes.
Military Commute
Drive times to nearest basesDrive 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.
Estimate your monthly payment
$1,691/moPrincipal & interest
$1,426
Property tax
$185
Home insurance
$80
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.
Listed by The Real Estate Group · MLS# 10637884
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$274,900
316 Falling LN, VIRGINIABEACH VA 23454
Virginia Beach, Virginia 23454
Request InfoQuick Facts
Schedule a tour
In-person or videoClick a day to pick a time