Skip to main content
Virginia BeachLAKEWOOD481 Lakewood Cir✓ Source: REIN MLS #10633205 · record updated Jun 9, 2026 · synced every 2 min · your inquiry is never resold
481 Lakewood CIR, VIRGINIABEACH VA 23451 - Main photo
$780,000
$534 / sqft · est. $4,795/mo →
3beds
2baths
1,462sqft
4days on market

481 Lakewood Cir, Virginia Beach, VA 23451

SoldResidential · built 1950 · LAKEWOOD

About this home

The listing, in the seller's words

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 situated for enjoying the ocean breezes while overlooking the lake a large detached 1-car garage includes EV charging station, work bench, and room for beach bikes and chairs, the garage is accessed via the alley and includes off-street parking driveway parking

Listing courtesy of Christopher Martini · Atkinson Realty · REIN MLS #10633205

VaHome team overview

Our read on this home

At a glance

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.

Read the full overview ↓

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.

More buyer 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.

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Residential

Year built

1950

Price / sqft

$534

HOA

None

Taxes

$6,241/yr

County

Virginia Beach VA

Waterfront

Yes

MLS #

10633205

Interior

Bedrooms
3
Full baths
2
Approx. sqft
1,462
Stories
1
Flooring
Ceramic, Laminate/LVP
Ensuite bedrooms
1
First-floor bed & full bath
Yes
Total rooms
7
Other rooms
1st Floor BR, 1st Floor Primary BR, Attic, Breakfast Area, Porch
Appliances
220 V Elec, Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer
Equipment
Ceiling Fan, Electric Vehicle Charging Station, Gar Door Opener, Security Sys, Tagged Fixtures

Construction & exterior

Style
Cape Cod
Subtype
Detached
Foundation
Crawl
Roof
Asphalt Shingle
Exterior
Vinyl
Pool
No Pool
Fencing
Back Fenced,Privacy
Waterfront
Not Waterfront

Utilities & systems

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

Lot, parking & ownership

Subdivision
LAKEWOOD
Ownership
Fee Simple
Garage
Yes
Parking
Garage Det 1 Car, Driveway Spc
Possession
AFTER DISBURSEMENT OF PROCEEDS
Disclosures
Disclosure Statement

Sources: REIN MLS record · 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

65-70 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)

In the Lakewood Area neighborhood of Virginia Beach. 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

$4,795/mo

Principal & interest

$4,047

Property tax

$520

Home insurance

$228

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

Judge value on real ground

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

$370,000$700,000

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.

408 High Point AVE · 0.5 mi · 1,433 sqft$525,000 sold 2026-04
815 Delaware AVE · 0.6 mi · 1,420 sqft$700,000 sold 2026-06
318 24th ST #2 · 0.7 mi · 1,450 sqft$380,000 sold 2026-07

Sale & Tax History

List Price

$780,000

Price / Sq Ft

$534

Annual Taxes

$6,241

Monthly Tax

$520

HOA

None

Tax Rate (effective)

0.80%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJun 5, 2026$780,000
Price increasedJun 9, 2026$780,000+$5,000
SoldJun 8, 2026$780,000

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:

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.

Questions buyers ask

Real questions, answered from the record

Is 481 Lakewood Cir 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 481 Lakewood Cir 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 481 Lakewood Cir?+
Yes — Kaizen Athletics is about 0.3 miles away, per the cached nearby-places record for this address.
Are there parks near 481 Lakewood Cir?+
Virginia Legends Park is about 0.2 miles away.
Where is the nearest grocery store to 481 Lakewood Cir?+
Prise's Food Mart is about 0.3 miles away. The closest dining on record is 7-Eleven (0.2 mi).
Does 481 Lakewood Cir have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 481 Lakewood Cir built?+
It was built in 1950, 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 Christopher Martini · Atkinson Realty · REIN MLS #10633205

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.

This one's sold — the next one doesn't have to be.

481 Lakewood Cir, Virginia Beach, Virginia 23451 · MLS #10633205 · 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.