Why this home stands out
New construction in the 23451 zip code is genuinely rare. Most homes this close to the Virginia Beach oceanfront are decades-old cottages or condos — 417 Terrace Ave is a 2026-built, 1,900-square-foot single-family residence with four bedrooms and three and a half baths, meaning you get modern finishes, current building codes, and a fresh start without sacrificing the walkable beach lifestyle that makes this stretch of Virginia Beach so hard to leave.
SHADOWLAWN and the Virginia Beach real estate market
Terrace Ave sits in the Shadowlawn area of Virginia Beach, a low-key residential pocket tucked just inland from the oceanfront corridor. The streets here are quiet and tree-lined, but the energy of the beach is genuinely a short walk away — you're talking a few blocks to the sand, not a drive. The broader Virginia Beach oceanfront neighborhood blends year-round locals with a lively seasonal atmosphere, and Shadowlawn residents tend to enjoy the best of both: close enough to feel the buzz, far enough to have a real neighborhood feel. Virginia Beach as a city offers one of the most livable coastal environments on the East Coast, with a strong military presence, a diverse dining and recreation scene, and a no-state-income-tax environment that makes homeownership here especially attractive. The 23451 zip code in particular carries a premium for good reason — oceanfront access, walkability, and proximity to two major military installations make it one of the most consistently in-demand addresses in Hampton Roads.
What's nearby
Daily life is well-supported within a half-mile of 417 Terrace Ave. Rudee's Restaurant and Cabana Bar, The Dock Grill, and Docktails VB are all within two-tenths of a mile — walkable waterfront dining on a Tuesday night is simply part of the routine here. Zeke's coffee shop is a half-mile away, with Virginia Beach Coffee Co and a 7-Eleven both at 0.7 miles for your morning options. Prise's Food Mart handles quick grocery runs at 0.7 miles, and Tienda Latina La Tapatia 2 is a mile out. For fitness, TakeOver Athletics Shadowlawn, CoreStrength Center, and ReStormi Pilates are all within a mile. Marshview Park, Marshview Park Field, and Grommet Island Park round out the outdoor options nearby.
For different buyers
For military families relocating
Dam Neck Annex is six minutes away and NAS Oceana is seven — 417 Terrace Ave is about as well-positioned as a Virginia Beach address gets for dual-military households or anyone assigned to either installation. A VA loan can make new construction like this surprisingly accessible, and the 23451 zip code holds its value well across PCS cycles, which matters when you're thinking about your next move.
For families upgrading
Four bedrooms and three and a half baths in a 2026-built home means no deferred maintenance, no dated floor plans, and no compromises on space. If you've been watching older beach-area homes sell with long lists of updates needed, 417 Terrace Ave offers a clean slate — modern construction, a walkable neighborhood, and room for the whole family — without having to choose between condition and location.
More buyer questions
How far is 417 Terrace Ave from Dam Neck Annex?
Dam Neck Annex is approximately six minutes by car from 417 Terrace Ave, making it one of the closest residential options to that installation in Virginia Beach.
How far is 417 Terrace Ave from NAS Oceana?
NAS Oceana is about seven minutes away — a short commute that puts this address in a strong position for personnel assigned to either base.
What is the flood zone status for 417 Terrace Ave?
Flood zone information for this address is displayed in the FloodRisk tile on this page — we recommend reviewing it carefully given the property's proximity to the Virginia Beach oceanfront and coastal waterways.
Is 417 Terrace Ave part of an HOA?
HOA status for this property should be confirmed during the due diligence process; as a newly constructed single-family home in a non-planned-community setting, HOA affiliation is worth verifying with your agent.
Where is the nearest beach access to 417 Terrace Ave?
The Virginia Beach oceanfront is just a few blocks away, and Grommet Island Park — a fully accessible beachfront park — is approximately 0.6 miles from the address.
Want to walk through 417 Terrace Ave or talk through what new construction near the Virginia Beach oceanfront looks like right now? Tom and Dariya Milan at LPT Realty are ready to help.
