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Portsmouth › OLDE TOWNE › 475 Water St #802✓ Source: REIN MLS #10643254 · record updated Aug 14, 2026 · synced every 2 min · your inquiry is never resold
475 Water ST #802, PORTSMOUTH VA 23704 - Main photo
3beds
2.1baths
1,965sqft
6days on market

475 Water St #802, Portsmouth, VA 23704

SoldResidential · built 1996 · OLDE TOWNE

Chapter · The Water

Life on the water

The waterfront is the reason this home exists. Its water record, straight from the listing: River.

Frontage

River ✓ VERIFIED

Source: REIN MLS listing record · waterfront features as listed

Facts & features

Type

Residential

Year built

1996

Price / sqft

$229

Condo fee

$860/mo

Taxes

$5,947/yr

County

Portsmouth VA

Waterfront

Yes

MLS #

10643254

Condo association includes

CableClubhouseElevatorExercise RmGround MaintPoolSecuritySewerTrash PickupWater

$860/mo condo fee · Admirals Landing Condo Assoc · per the REIN MLS listing record — confirm inclusions with the association.

Interior

Bedrooms
3
Full baths
2
Half baths
1
Approx. sqft
1,965
Stories
1
Flooring
Carpet, Ceramic, Wood
Ensuite bedrooms
2
First-floor bed & full bath
Yes
Total rooms
6
Other rooms
1st Floor Primary BR, Assigned Storage, Breakfast Area, Foyer, PBR with Bath, Pantry, Utility Room
Appliances
Dishwasher, Dryer, Microwave, Elec Range, Refrigerator, Washer
Equipment
Ceiling Fan
Accessibility
Elevator, Level Flooring, Main Floor Laundry

Construction & exterior

Style
High-Rise
Subtype
Attached
Foundation
Slab
Roof
Asphalt Shingle
Exterior
Brick
Pool
No Pool
Waterfront
River

Utilities & systems

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

Lot, parking & ownership

Subdivision
OLDE TOWNE
Unit / floor
8
Zoning
T6
Ownership
Condo
Garage
Yes
Parking
Parking Gar, 2 Space, Assigned/Reserved
Possession
SETTLEMENT
Disclosures
Common Interest Community, Disclosure Statement, Resale Certif Req

See more Portsmouth waterfront homes.

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

About this home

Experience luxury waterfront living at Admirals Landing in the heart of historic Olde Towne Portsmouth! This beautifully maintained 8th-floor condo offers 3 bedrooms, 2.5 baths, and breathtaking views of the Elizabeth River and Norfolk Waterside from two private balconies. The open floor plan features a spacious great room, 3rd bedroom/office, dining area, and kitchen with breakfast bar, great for entertaining or relaxing while taking in the waterfront scenery. Resort-style amenities include a pool, hot tub, fitness center, pickleball courts, club room, library, guest suite, private storage, and waterfront boardwalk access. Ideally located adjacent to the High Street Landing Ferry with convenient access to downtown Norfolk, Waterside dining, festivals, shopping, and entertainment.

Listing courtesy of L. Ellen Drames · BHHS RW Towne Realty · REIN MLS #10643254

Tom & Dariya's overview

Our read on this home

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

At a glance

475 Water Street #802 is an eighth-floor, three-bedroom condo in Portsmouth, Virginia, offering nearly 2,000 square feet of living space with immediate proximity to Norfolk Naval Shipyard and USCG Base Portsmouth — a rare combination of size, elevation, and location in one address.

Keep searching in Portsmouth

See all Portsmouth homes for sale, including homes for sale in 23704, homes for sale zoned for Norcom High School, and homes for sale zoned for Park View Elementary School. Browse every listing among homes for sale in Portsmouth — updated from the REIN MLS every few minutes. Nearby, look at Olde Towne Portsmouth homes for sale, Portsmouth waterfront homes for sale, Portsmouth condos and townhomes for sale, and new construction homes in Portsmouth.

Read the full overview ↓

Why this home stands out

Condos this close to both Norfolk Naval Shipyard and USCG Base Portsmouth are genuinely uncommon. Unit 802 sits on the eighth floor, giving it a vertical perspective that ground-level homes in the area simply can't match. At 1,965 square feet across three bedrooms and two and a half baths, it delivers the square footage of a traditional single-family home with the low-maintenance lifestyle of a condo — a trade-off that works exceptionally well for busy households.

OLDE TOWNE and the Portsmouth real estate market

475 Water Street sits along Portsmouth's historic waterfront corridor, a stretch of the city that has quietly become one of the more interesting addresses in Hampton Roads. Portsmouth is one of the oldest cities in Virginia, and the blocks surrounding Water Street carry that history in their bones — brick facades, wide sidewalks, and views across the Elizabeth River toward the Norfolk skyline. The waterfront itself is walkable, with the Olde Towne Historic District just steps away, offering a genuine neighborhood feel rather than a manufactured one. Portsmouth is a working city with deep ties to the maritime and military industries, and that identity gives it a grounded, unpretentious character. Residents here tend to appreciate authenticity over polish. The Elizabeth River Trail runs through the area, connecting pedestrians and cyclists to miles of riverfront greenway. For a condo at this address, you're not just buying square footage — you're buying into a specific kind of urban waterfront lifestyle that's hard to replicate elsewhere in the region.

What's nearby

Daily errands and leisure are well within reach from 475 Water Street. The Olde Towne neighborhood puts independent restaurants, coffee shops, and local retail within a short walk. The Portsmouth ferry terminal is nearby, offering a quick water crossing to downtown Norfolk for work, dining, or entertainment without touching a highway. Kroger and other grocery options are accessible within a few minutes by car. The Elizabeth River Trail provides an off-road path for running, cycling, or an evening walk along the water. Portsmouth City Park and several smaller green spaces are close by, and the Portsmouth Naval Medical Center is just minutes from the front door.

For different buyers

For military families relocating

For service members assigned to Norfolk Naval Shipyard or USCG Base Portsmouth, the commute from Unit 802 is measured in minutes — not miles. Both installations are essentially at the doorstep. A VA loan can make financing a condo like this straightforward, and the low-maintenance structure means fewer weekend chores and more time with family. It's a practical address for an active-duty household.

For first-time buyers

Three bedrooms, two and a half baths, and nearly 2,000 square feet on the eighth floor of a waterfront building — this is a first purchase that doesn't feel like a starter. Portsmouth's waterfront condos tend to attract buyers who want real square footage without the yard work, and Unit 802 delivers exactly that. The location near two major military installations also makes it a strong long-term hold for buyers thinking ahead.

More buyer questions

How far is 475 Water Street #802 from Norfolk Naval Shipyard?

Norfolk Naval Shipyard is approximately one minute from 475 Water Street, making it one of the closest residential addresses to the installation in the region. The proximity is a defining feature of this specific location.

How far is 475 Water Street #802 from USCG Base Portsmouth?

USCG Base Portsmouth is essentially adjacent to 475 Water Street — the commute is measured in under a minute by car. Coast Guard personnel assigned to this installation rarely find a more convenient address.

Is 475 Water Street #802 in a flood zone?

Portsmouth's waterfront areas do carry flood zone considerations, and the specific flood zone designation for this address is displayed in the FloodRisk tile on this page. Being on the eighth floor of a multi-story building does provide meaningful elevation above ground-level flood risk.

What is the square footage of Unit 802 at 475 Water Street?

Unit 802 offers 1,965 square feet of interior living space across three bedrooms and two and a half bathrooms, which is notably large for a condominium in this building and in the Portsmouth waterfront market generally.

Does 475 Water Street #802 have an HOA?

Yes, this condominium is subject to an HOA. Specific fee amounts are not displayed here, but HOA details including dues and governing documents are available through the listing and can be provided upon request.

Want to see Unit 802 in person or have questions about the building? Tom and Dariya Milan at LPT Realty know this corridor well — reach out and let's talk through it.

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

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

Portsmouth$380K – $520K3+ 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 AE · base flood elevation 8 ft · Special Flood Hazard Area (flood insurance typically required) · FIRM 515529

Flood Risk

Looking up FEMA flood zone…

Zone AE typically means lenders require flood insurance — factor it into the monthly numbers below.

Hurricane Evacuation Zone

Evacuation Zone A

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

In the Olde Towne Portsmouth neighborhood of Portsmouth. houses for sale in Portsmouth →

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

$2,961/mo

Principal & interest

$2,334

Property tax

$496

Home insurance

$131

PMI

None

HOA/Condo (paid separately)

$860

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

Price context — similar nearby homes

$205,000 – $381,000

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.

28 Alden AVE · 2.5 mi · 1,936 sqft$205,000 sold 2026-04
17 Prospect PW · 2.6 mi · 2,050 sqft$255,000 sold 2026-02
429 Forecastle ST · 2.7 mi · 1,903 sqft$381,000 sold 2026-07

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

Sale & Tax History

List Price

$449,900

Price / Sq Ft

$229

Annual Taxes

$5,947

Monthly Tax

$496

Condo fee

$860 / mo

Tax Rate (effective)

1.32%

Sale Timeline (this listing)

EventDatePriceDetail
ListedAug 8, 2026$449,900—
SoldAug 12, 2026$449,900—

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:

Portsmouth 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 475 Water St #802 in a good school zone?+
The assigned zones on the listing record are Park View Elementary (VaHome School Score 3.6/10), Churchland Middle (VaHome School Score 2.7/10), IC Norcom. School attendance zones can change — always confirm enrollment with the local school division.
Is 475 Water St #802 in a flood zone?+
FEMA maps this parcel in Zone AE with a base flood elevation of 8 ft — a high-risk flood band where lenders typically require flood insurance. See the flood section on this page for the full details and sources, and verify with an elevation certificate.
Is 475 Water St #802 a waterfront property?+
Yes. The listing record shows: River.
Does 475 Water St #802 have a condo association?+
Yes — condo association fees are on record for this unit (the current amount is shown in the facts section on this page). The association of record is Admirals Landing Condo Assoc. Association amenities on record include: Cable, Clubhouse, Elevator, Exercise Rm, Ground Maint, Pool, Security, Sewer, Trash Pickup, Water.
When was 475 Water St #802 built?+
It was built in 1996, 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 L. Ellen Drames · BHHS RW Towne Realty · REIN MLS #10643254

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.

This home has sold

Curious what it means for your own plans? Ask about similar homes nearby, or what your home might sell for in this market.

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475 Water St #802, Portsmouth — photo

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475 Water St #802, Portsmouth, Virginia 23704 · MLS #10643254 · 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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