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Virginia BeachPACIFIC SOUTH CONDO500 Pacific Ave #1012✓ Source: REIN MLS #10638491 · record updated Aug 3, 2026 · synced every 2 min · your inquiry is never resold
500 Pacific AVE #1012, VIRGINIA BEACH VA 23451 - Main photo
500 Pacific AVE #1012, VIRGINIA BEACH VA 23451 - Photo 2
500 Pacific AVE #1012, VIRGINIA BEACH VA 23451 - Photo 3
500 Pacific AVE #1012, VIRGINIA BEACH VA 23451 - Photo 4
500 Pacific AVE #1012, VIRGINIA BEACH VA 23451 - Photo 5
$398,000
$452 / sqft · est. $3,061/mo →
2beds
1.1baths
880sqft
59days on market

500 Pacific Ave #1012, Virginia Beach, VA 23451

ActiveResidential · built 1973 · PACIFIC SOUTH CONDO

Chapter · The Water

Life on the water

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

Frontage

Pond ✓ VERIFIED

Source: REIN MLS listing record · waterfront features as listed

About this home

The listing, in the seller's words

Welcome to this stunning condo on the 10th floor in Virginia Beach! Offering ocean views alongside Lake Holly, this residence delivers the perfect blend of coastal living and modern comfort.Completely refreshed in recent years, the home features an updated kitchen (2023) and bathrooms (2023) with new flooring throughout (2023), and a brand-new HVAC system installed in 2024. Only 1 block from the boardwalk with tons of local restaurants. Condo fee include water, sewer, cable, ground maintenance, trash pickup, pool, tennis courts, pickleball, shuffleboard, elevator and security! Laundry facilities are conveniently located on every floor. Parking is a breeze with two assigned parking passes plus ample visitor parking. Whether you're looking for a primary residence or a second home, this condo is ready for you to move in and start enjoying coastal living at its finest.

Listing courtesy of Stephanie Nance · Triumph Realty · REIN MLS #10638491

VaHome team overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · LPT Realty

At a glance

500 Pacific Ave #1012 puts you two blocks from the Virginia Beach oceanfront in a compact two-bedroom, one-and-a-half-bath condo built in 1973. At 880 square feet, it's a smart foothold in one of Hampton Roads' most walkable resort-district addresses, with Dam Neck Annex just six minutes away.

Read the full overview ↓

Why this home stands out

Most condos near the Virginia Beach strip trade walkability for noise or sacrifice location for quiet. Unit 1012 at 500 Pacific Ave threads that needle — sitting close enough to the oceanfront energy that you can walk to dinner, coffee, and the beach, yet set back just enough on Pacific Avenue that daily life doesn't feel like a permanent vacation crowd. Add a half-bath beyond the full, and the 880-square-foot floor plan punches above its size.

PACIFIC SOUTH CONDO and the Virginia Beach real estate market

Pacific Avenue runs the spine of Virginia Beach's resort district, and the 500 block sits right where the neighborhood transitions from pure tourist corridor into a genuine year-round community. You're surrounded by locally owned coffee shops, casual restaurants, and small fitness studios — the kind of block that feels alive on a Tuesday morning, not just a summer Saturday. Virginia Beach as a city brings a rare combination: oceanfront lifestyle, a strong military economy anchored by Dam Neck Annex and NAS Oceana, and a municipal footprint large enough to offer every amenity you'd want. The resort district specifically has seen steady investment in parks, streetscaping, and dining, making it one of the more walkable pockets in a metro that otherwise leans car-dependent. Owning here means you're buying into a neighborhood with a real identity — sand, salt air, and a surprisingly tight-knit community of full-time residents who chose this zip code on purpose.

What's nearby

Step outside and Calypso Bar & Grill, Chicho's Pizza, and Belvedere Coffee Shop & Diner are all within a single block. Need a morning coffee run? Belvedere, 2D Cafe & Eatery, and Virginia Beach Coffee Co are each within two-tenths of a mile. Prise's Food Mart handles quick grocery needs just 0.2 miles away, with Price Chopper a mile out for a fuller shop. Virginia Legends Park is a short walk at 0.2 miles, and 17th Street Park is under half a mile. CoreStrength Center and What's Your Excuse Fitness both sit within four-tenths of a mile for your workout routine.

For different buyers

For military families relocating

Dam Neck Annex is a six-minute drive and NAS Oceana is seven — hard to beat for back-to-back PCS cycles or a dual-military household. A VA loan can make a condo like this surprisingly accessible, and the resort-district location means your family gets genuine Virginia Beach lifestyle, not just proximity to the gate.

For first-time buyers

If you've been watching Virginia Beach and waiting for an entry point that actually makes sense, a two-bedroom condo on Pacific Avenue is worth a serious look. The floor plan is manageable, the location is genuinely walkable, and you'd be buying into one of the most recognizable zip codes in Hampton Roads — with coffee, food, and the beach all within a short walk of your front door.

More buyer questions

How far is 500 Pacific Ave #1012 from Dam Neck Annex?

Dam Neck Annex is approximately six minutes by car from 500 Pacific Ave. That's one of the shorter base commutes available anywhere in the Virginia Beach resort district.

How far is 500 Pacific Ave #1012 from NAS Oceana?

NAS Oceana is about seven minutes from this address, making it a convenient option for personnel assigned to either base — or both.

Is 500 Pacific Ave #1012 in a flood zone?

Flood zone designation for this address is displayed in the FloodRisk tile on this page, which pulls the current FEMA map data for the parcel.

Does 500 Pacific Ave #1012 have an HOA?

Yes, this condo is governed by an HOA. Specific fee amounts and what they cover should be confirmed through current HOA disclosure documents during the purchase process.

What is the walk score like for 500 Pacific Ave in Virginia Beach?

The Pacific Avenue resort corridor is among the most walkable stretches in Virginia Beach, with restaurants, coffee shops, groceries, parks, and the oceanfront all reachable on foot from this address.

Curious whether 500 Pacific Ave #1012 fits your timeline and goals? Tom and Dariya Milan at LPT Realty know this Virginia Beach market well — reach out and let's talk through it.

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

1973

Price / sqft

$452

Condo fee

$625/mo

Taxes

$3,062/yr

County

Virginia Beach VA

Waterfront

Yes

MLS #

10638491

Condo association includes

CableCoin OperatedClubhouseElevatorGround MaintPoolSecuritySewerTennis CtsTrash PickupWater

$625/mo condo fee · Pacific South Condo Association · per the REIN MLS listing record — confirm inclusions with the association.

Interior

Bedrooms
2
Full baths
1
Half baths
1
Approx. sqft
880
Stories
1
Flooring
Laminate/LVP
First-floor bed & full bath
Yes
Total rooms
4
Other rooms
1st Floor BR, 1st Floor Primary BR, Assigned Storage, Balcony, Pantry
Appliances
Dishwasher, Disposal, Microwave, Elec Range, Refrigerator
Equipment
Cable Hookup

Construction & exterior

Style
High-Rise
Subtype
Attached
Foundation
Pile
Roof
Tar and Gravel
Exterior
Other
Pool
No Pool
Waterfront
Pond

Utilities & systems

Heating
Electric
Cooling
Central Air
Water heater
Other
Sewer
City/County

Lot, parking & ownership

Subdivision
PACIFIC SOUTH CONDO
Unit / floor
10
Zoning
RT1
Ownership
Condo
Garage
Yes
Parking
Parking Gar, Assigned/Reserved
Possession
SETTLEMENT
Miscellaneous
Pet Restrictions
Disclosures
Disclosure Statement, Resale Certif Req

See more Virginia Beach waterfront homes.

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

Flood & environment

FEMA flood zone AE · base flood elevation 8 ft · Special Flood Hazard Area (flood insurance typically required) · FIRM 515531

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 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)

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.

1

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

$2,436/mo

Principal & interest

$2,065

Property tax

$255

Home insurance

$116

PMI

None

HOA/Condo (paid separately)

$625

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

Why the land carries the value

Asking vs. assessment

28429% of $1,400

City assessment record · taxes $3,062/yr

Land share of assessed value

100% — $1,400

Improvements $0 · 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

$228,000$645,000

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.

500 Pacific AVE #211 · 0 mi · 950 sqft$425,000 sold 2026-06
532 9th ST · 0.3 mi · 916 sqft$449,900 sold 2026-07
500 Pacific AVE #809 · 0.2 mi · 950 sqft$390,000 sold 2026-04

Sale & Tax History

List Price

$398,000

Price / Sq Ft

$452

Annual Taxes

$3,062

Monthly Tax

$255

Condo fee

$625 / mo

Tax Rate (effective)

0.77%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJun 6, 2026$398,000
Price reducedJun 18, 2026$398,000−$11,900
Currently listed$398,000

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

28329% above assessment

Total Assessed

$1,400

Land

$1,400

Improvement

N/A

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

59 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 500 Pacific Ave #1012 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 500 Pacific Ave #1012 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 there a gym near 500 Pacific Ave #1012?+
Yes — CoreStrength Center is about 0.1 miles away, per the cached nearby-places record for this address.
Are there parks near 500 Pacific Ave #1012?+
Virginia Legends Park is about 0.4 miles away.
Where is the nearest grocery store to 500 Pacific Ave #1012?+
Prise's Food Mart is about 0.1 miles away. The closest dining on record is Virginia Beach Taco Festival (0.1 mi).
Is 500 Pacific Ave #1012 a waterfront property?+
Yes. The listing record shows: Pond.
Does 500 Pacific Ave #1012 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 Pacific South Condo Association. Association amenities on record include: Cable, Coin Operated, Clubhouse, Elevator, Ground Maint, Pool, Security, Sewer, Tennis Cts, Trash Pickup.
When was 500 Pacific Ave #1012 built?+
It was built in 1973, 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 Stephanie Nance · Triumph Realty · REIN MLS #10638491

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.

500 Pacific Ave #1012, Virginia Beach — photo

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

Call or text (757) 777-7577

500 Pacific Ave #1012, Virginia Beach, Virginia 23451 · MLS #10638491 · 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.