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Virginia BeachSHADOWLAWN HEIGHTS417 Terrace Ave✓ Source: REIN MLS #10638840 · record updated Jul 18, 2026 · synced every 2 min · your inquiry is never resold
417 Terrace AVE, VIRGINIABEACH VA 23451 - Main photo
417 Terrace AVE, VIRGINIABEACH VA 23451 - Photo 2
417 Terrace AVE, VIRGINIABEACH VA 23451 - Photo 3
417 Terrace AVE, VIRGINIABEACH VA 23451 - Photo 4
417 Terrace AVE, VIRGINIABEACH VA 23451 - Photo 5
$875,000
$461 / sqft · est. $5,545/mo →
4beds
3.1baths
1,900sqft
39days on market

417 Terrace Ave, Virginia Beach, VA 23451

ActiveResidential · built 2026 · SHADOWLAWN HEIGHTS

About this home

The listing, in the seller's words

New construction custom home in Shadowlawn, just blocks to the oceanfront! Perfect for generational living with a flexible upstairs in-law suite with private entrance ready to customize. Features include custom-tiled bathrooms, upgraded flooring and doors, beautifully appointed finishes, and a durable Hardie Plank & block exterior. Brand-new appliances, roof, and HVAC complete this turnkey opportunity.

Listing courtesy of Carrie Copenhaver · Iron Valley Real Est Norfolk · REIN MLS #10638840

VaHome team overview

Our read on this home

At a glance

Meet 417 Terrace Ave — a brand-new 2026-built, 4-bedroom, 3.1-bath home in Shadowlawn Heights, Virginia Beach. At 1,900 square feet, it puts you steps from the waterfront dining scene and just minutes from Dam Neck Annex and NAS Oceana.

Read the full overview ↓

Why this home stands out

New construction in an established coastal neighborhood is genuinely rare, and 417 Terrace Ave delivers exactly that. Built in 2026, this 4-bedroom, 3.1-bath home gives you modern finishes, a fresh mechanical baseline, and a location that walkable waterfront neighborhoods in Virginia Beach rarely offer — all within a half-mile of parks, restaurants, and the inlet.

SHADOWLAWN HEIGHTS and the Virginia Beach real estate market

Shadowlawn Heights sits in the southern stretch of Virginia Beach, tucked between the Linkhorn Bay inlet and the broader resort corridor. It's a low-key, water-adjacent neighborhood where the streets are quiet but the lifestyle is anything but. Docktails VB, The Dock Grill, and Big Sam's Inlet Cafe & Raw Bar are all within a tenth of a mile — the kind of proximity that turns a Tuesday evening into something worth remembering. Grommet Island Park and The Jetty are a short walk away, giving the neighborhood a genuinely outdoor, on-the-water character. For anyone browsing homes for sale virginia beach va, Shadowlawn Heights stands out because it offers that coastal-Virginia-Beach energy without the density of the resort strip. Virginia Beach itself is one of the most livable cities on the East Coast — a military-friendly, family-oriented community with a strong job market, no state income tax on military pay, and year-round access to the water.

What's nearby

Daily life is easy at 417 Terrace Ave. Prise's Food Mart covers quick grocery runs at 0.4 miles, and Tienda Latina La Tapatia 2 is under a mile away for specialty ingredients. Coffee is well covered — Virginia Beach Coffee Co, Zeke's, and a 7-Eleven all sit within 0.4 miles. For fitness, CoreStrength Center is just 0.2 miles out, with TakeOver Athletics Shadowlawn and Kaizen Athletics both nearby. Virginia Legends Park rounds out the green space options at 0.6 miles. You're genuinely within walking distance of a full daily routine.

For different buyers

For military families relocating

Dam Neck Annex is a 6-minute drive and NAS Oceana is 7 minutes away — two of the most active installations in Hampton Roads, both within easy reach. A VA loan pairs naturally with a new-construction home like this, and your BAH at the E-7 through O-3 range aligns well with the Virginia Beach coastal market. No commute stress, no long drives — just a short trip to the gate.

For families upgrading

Four bedrooms and 3.1 baths in a 2026-built home means you're getting the space your family has outgrown its current place for — without inheriting someone else's deferred maintenance. Shadowlawn Heights is a neighborhood where kids can walk to the park, parents can walk to dinner, and the whole family benefits from that rare combination of new construction and a genuinely established, character-filled street.

More buyer questions

How far is 417 Terrace Ave from Dam Neck Annex?

Dam Neck Annex is approximately 6 minutes by car from 417 Terrace Ave, making it one of the closest residential options to the base in Virginia Beach.

How far is 417 Terrace Ave from NAS Oceana?

NAS Oceana is about 7 minutes away by car — a straightforward, low-traffic commute for most duty schedules.

What is the flood zone status for 417 Terrace Ave?

Shadowlawn Heights is a coastal neighborhood, so flood zone designation is worth reviewing carefully — check the FloodRisk tile on this page for the current FEMA designation specific to this address.

Is there an HOA for Shadowlawn Heights?

Shadowlawn Heights does not carry a mandatory HOA, which means no association dues or governing restrictions on the property.

What year was 417 Terrace Ave built?

417 Terrace Ave was built in 2026, making it brand-new construction with modern systems, current building codes, and no deferred maintenance concerns.

Ready to walk through 417 Terrace Ave? Tom and Dariya Milan at LPT Realty know Shadowlawn Heights well — reach out and they'll get you in the door.

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

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Residential

Year built

2026

Price / sqft

$461

HOA

None

Taxes

$9,000/yr

County

Virginia Beach VA

Waterfront

Yes

MLS #

10638840

Interior

Bedrooms
4
Full baths
3
Half baths
1
Approx. sqft
1,900
Stories
2
Flooring
Laminate/LVP
Ensuite bedrooms
2
First-floor bed & full bath
Yes
Total rooms
7
Other rooms
1st Floor BR, 1st Floor Primary BR, Balcony, PBR with Bath, Porch, Utility Room
Appliances
Dishwasher, Dryer Hookup, Microwave, Elec Range, Refrigerator, Washer Hookup
Equipment
Ceiling Fan

Construction & exterior

Style
Transitional
Subtype
Detached
Foundation
Crawl
Roof
Asphalt Shingle
Exterior
Vinyl
Pool
No Pool
Fencing
Back Fenced,Privacy,Wood Fence
Waterfront
Not Waterfront

Utilities & systems

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

Lot, parking & ownership

Subdivision
SHADOWLAWN HEIGHTS
Zoning
R5S
Ownership
Fee Simple
Garage
Yes
Parking
Garage Att 1 Car, Off Street, Driveway Spc
Possession
SETTLEMENT
Disclosures
Disclosure Statement, Owner Agent

See more Virginia Beach new construction homes.

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

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 C

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

Military Aircraft Zone Information

Aircraft Noise

70-75 dB DNL

Accident Potential Zone

Not in a mapped Accident Potential Zone

Source: U.S. Navy AICUZ — Air Installations Compatible Use Zones (via city GIS)

Explore this neighborhood

Rudee Heights

Rudee Heights is a compact waterfront neighborhood at the south end of the Virginia Beach Oceanfront, set on the peninsula between Lake Rudee and Lake Wesley near Rudee Inlet.

3

For sale now

$176K

HH income

81.7%

Owner-occupied

U.S. Census ACS 2024 5-year

Explore Rudee Heights
Map of Rudee Heights with neighborhood boundaryNeighborhood

Virginia Beach homes for sale

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

$5,545/mo

Principal & interest

$4,540

Property tax

$750

Home insurance

$255

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.

Value & history

Why the land carries the value

Asking vs. assessment

192% of $456,800

City assessment record · taxes $9,000/yr

Land share of assessed value

88% — $400,000

Improvements $56,800 · assessor record ✓

Why we show no algorithmic estimate.

National AVMs misprice homes whose value drivers they can't see. Instead: the sourced assessment above, the carrying cost, real price history, and honest comparables below.

Price context — similar nearby homes

$575,000$790,000

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.

705 9th ST · 0.4 mi · 1,957 sqft$790,000 sold 2026-05
504 High Point AVE · 0 mi · 1,702 sqft$620,000 sold 2026-03
719 9th ST · 0.4 mi · 1,812 sqft$719,500 sold 2026-07

Sale & Tax History

List Price

$875,000

Price / Sq Ft

$461

Annual Taxes

$9,000

Monthly Tax

$750

HOA

None

Tax Rate (effective)

1.03%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJun 9, 2026$875,000
Price reducedJul 18, 2026$875,000−$25,000
Currently listed$875,000

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

92% above assessment

Total Assessed

$456,800

Land

$400,000

Improvement

$56,800

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.

Market tempo

39 days on market — read it in context

Days on market reflects pricing, season, and inventory — compare it against similar nearby homes below before reading anything into it.

Questions buyers ask

Real questions, answered from the record

Is 417 Terrace Ave in a good school zone?+
The assigned zones on the listing record are W.T. Cooke Elementary (GreatSchools 7/10), Virginia Beach Middle (GreatSchools 7/10), First Colonial (GreatSchools 7/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 417 Terrace Ave 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 there a gym near 417 Terrace Ave?+
Yes — CoreStrength Center is about 0.2 miles away, per the cached nearby-places record for this address.
Are there parks near 417 Terrace Ave?+
Grommet Island Park is about 0.4 miles away.
Where is the nearest grocery store to 417 Terrace Ave?+
Prise's Food Mart is about 0.4 miles away. The closest dining on record is Docktails VB (0.1 mi).
Does 417 Terrace Ave have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 417 Terrace Ave built?+
It was built in 2026, 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

LPT Realty · Hampton Roads · answer their own phone

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

Listing courtesy of Carrie Copenhaver · Iron Valley Real Est Norfolk · REIN MLS #10638840

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.

417 Terrace Ave, Virginia Beach — photo

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

Call or text (757) 777-7577

417 Terrace Ave, Virginia Beach, Virginia 23451 · MLS #10638840 · 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.