12 days on market
$775,000
481 Lakewood Cir
Virginia Beach, Virginia 23451
MLS# 10633205 · LAKEWOOD · Virginia Beach VA
Updated 4 days ago · Source: REIN MLS
Est. payment
$4,767/mo
Edit below
Price / sq ft
$530
1,462 sq ft
Days on market
12
New listing
HOA
None
Year built
1950
76 yrs old
Beds
3
Full Baths
2
Half Baths
0
Sq Ft
1,462
Garage
Yes
About this home
Gorgeous, well-maintained Cape Cod on a quiet one-way street with views of Lake Holly. The interior has been completely updated, granite counters in kitchen and baths, stainless-steel appliances, custom designer tiled bath and shower, walk-in closets, attic, and laundry. The kitchen includes a tile backsplash, farm sink, white shaker cabinetry, and stainless-steel exhaust hood. The covered front porch is perfectly si…
Listed by Christopher Martini · Atkinson Realty
VaHome Team property overview
Meet 481 Lakewood Circle — a 3-bedroom, 2-bath home in Virginia Beach's LAKEWOOD neighborhood, just steps from the Oceanfront. Built in 1950 and spanning 1,462 square feet, this address puts beaches, coffee shops, parks, and two military bases all within a short drive.
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Why this home stands out
What makes 481 Lakewood Circle stand out is the combination of vintage mid-century character and an unbeatable location wedged between the Virginia Beach Oceanfront and two major military installations. At 1,462 square feet, the layout is efficient without feeling cramped, and the 1950 build era means solid construction with the kind of proportions you rarely find in newer cookie-cutter builds. Add walkable daily errands and you have a rare package.
LAKEWOOD and the Virginia Beach real estate market
LAKEWOOD is a compact, established neighborhood tucked just inland from the Virginia Beach Oceanfront — close enough to hear the energy of the resort strip, but residential enough to feel like a real community. Streets here are lined with mid-century homes that have aged gracefully, and longtime residents give the area a grounded, neighborhood-first feel. If you've been searching for a house virginia beach va that puts you within a few blocks of the Atlantic without the condo-tower price tag, Lakewood is the answer. Virginia Beach itself is one of the largest cities on the East Coast by land area, yet this corner of it feels surprisingly walkable and human-scaled. The city's year-round population keeps local businesses thriving well past Labor Day, so the energy here isn't purely seasonal. Proximity to both the beachfront and inland amenities gives Lakewood residents the best of what Virginia Beach offers.
What's nearby
Daily life is genuinely easy from 481 Lakewood Circle. Fathom Coffee and 2D Cafe & Eatery are both within a few blocks for your morning routine, and Ben & Jerry's is just 0.2 miles away when the afternoon calls for it. Bella Pizza & Pasta handles dinner without a drive. For groceries, Prise's Food Mart is 0.3 miles out, with Tienda Latina La Tapatia 2 a bit further for specialty finds. Virginia Legends Park and 17th Street Park give you green space close by, and fitness options — Kaizen Athletics, TakeOver Athletics Shadowlawn, and Oceanfront Yoga — are all within half a mile.
For different buyers
For military families relocating
Dam Neck Annex and NAS Oceana are each about 7 minutes away, which makes 481 Lakewood Circle a practical choice for active-duty households. A VA loan can make ownership here straightforward, and BAH rates in the Virginia Beach area are well-suited to this price tier. Short commutes mean more time at home — and home here is a short walk from the beach.
For first-time buyers
A 3-bedroom, 2-bath home with 1,462 square feet in a walkable Virginia Beach neighborhood is a strong entry point into homeownership. The 1950 build gives the home character that newer construction rarely matches, and the surrounding block of established neighbors means a stable, community-oriented environment from day one. Everything you need day-to-day is within a short walk.
Frequently asked questions
How far is 481 Lakewood Circle from Dam Neck Annex?
Dam Neck Annex is approximately 7 minutes by car from 481 Lakewood Circle, making it one of the most conveniently located addresses in Virginia Beach for personnel assigned there.
How far is 481 Lakewood Circle from NAS Oceana?
NAS Oceana is also about 7 minutes away, so households with assignments at either installation can commute easily without a long daily drive.
What is the LAKEWOOD neighborhood like in Virginia Beach?
LAKEWOOD is a well-established, mid-century residential neighborhood situated just inland from the Virginia Beach Oceanfront, known for its compact walkable layout, owner-occupied homes, and proximity to both beach amenities and everyday services.
Is 481 Lakewood Circle in a flood zone?
Flood zone information for this address is available in the FloodRisk tile on this page, which pulls current FEMA map data for the property's specific parcel.
Are there parks and outdoor spaces near 481 Lakewood Circle?
Yes — Virginia Legends Park is 0.2 miles away, Barreled Sculpture is 0.3 miles out, and 17th Street Park is just 0.4 miles from the front door, giving you multiple outdoor options within easy walking distance.
Want to see 481 Lakewood Circle in person? Tom and Dariya Milan at LPT Realty know this neighborhood well — reach out and let's set up a walkthrough.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Location & Street View
481 Lakewood CIR, Virginia Beach
Map and Street View imagery © Google. Imagery may not be current.
Map data ©Google. Click and drag inside the map to explore the surrounding area.
Flood Risk
Property Details
Bedrooms
3
Full Baths
2
Half Baths
0
Approx Sq Ft
1,462
Stories
1
Fireplaces
0
Flooring
Ceramic, Laminate/LVP
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
220 V Elec, Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer
Sale & Tax History
List Price
$775,000
Price / Sq Ft
$530
Annual Taxes
$6,241
Monthly Tax
$520
HOA
None
Tax Rate (effective)
0.81%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | May 7, 2026 | $775,000 | — |
| Currently listed | — | $775,000 | — |
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
Virginia Beach is the largest city in Hampton Roads and one of Virginia's most desirable real estate markets. From oceanfront condos along the boardwalk to golf-course communities in Kempsville, established family neighborhoods in Great Neck, and waterfront homes along the Lynnhaven River, the housing inventory here is unusually varied. The city's strong public schools, mild coastal climate, and proximity to Naval Air Station Oceana keep buyer demand consistent year-round, and active inventory typically ranges from sub-$300K starter homes to multi-million-dollar luxury estates.
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
$4,767/moPrincipal & interest
$4,021
Property tax
$520
Home insurance
$226
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 Atkinson Realty · MLS# 10633205
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$775,000
481 Lakewood CIR, VIRGINIABEACH VA 23451
Virginia Beach, Virginia 23451
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