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Virginia BeachOCEAN WAY CONDOMINIUM500 Winston Salem Ave #103✓ Source: REIN MLS #10644672 · record updated Jul 18, 2026 · synced every 2 min · your inquiry is never resold
500 Winston Salem AVE #103, VIRGINIABEACH VA 23451 - Main photo
500 Winston Salem AVE #103, VIRGINIABEACH VA 23451 - Photo 2
500 Winston Salem AVE #103, VIRGINIABEACH VA 23451 - Photo 3
500 Winston Salem AVE #103, VIRGINIABEACH VA 23451 - Photo 4
500 Winston Salem AVE #103, VIRGINIABEACH VA 23451 - Photo 5
$525,000
$350 / sqft · est. $4,277/mo →
2beds
2baths
1,498sqft
1days on market

500 Winston Salem Ave #103, Virginia Beach, VA 23451

New ListingResidential · built 1985 · OCEAN WAY CONDOMINIUM

Chapter · The Water

Life on the water

The waterfront is the reason this home exists. Its water record, straight from the listing: Bulkhead, Deep Water, Deep Water Access, Navigable, Tidal.

Frontage

Tidal ✓ VERIFIED

Shoreline

Bulkheaded

Access

Deep-water access

Source: REIN MLS listing record · waterfront features as listed

About this home

The listing, in the seller's words

Wake up to views of Rudee Inlet and enjoy a Virginia Beach lifestyle centered around the water! This first floor Ocean Way residence offers an open floor plan designed for entertaining and maximizing marina views, plus a private balcony for morning coffee or relaxing at the end of the day. Have a boat? The neighboring marina keeps life on the water near home and easily accessible. Spend afternoons by the pool, work out without leaving home, walk to nearby restaurants, or head to the beach and Oceanfront, with all of these amenities and experiences right outside your front door. Garage parking, private storage, water, sewer, basic cable, and master insurance are among the community offerings. The living room is accented by a decorative fireplace, adding a distinctive architectural feature to the space. Less time managing the extras and more time enjoying where you live. This is more than a condo. This is life at Rudee Inlet!

Listing courtesy of Ken Longo · Howard Hanna Real Estate Svcs. · REIN MLS #10644672

VaHome team overview

Our read on this home

At a glance

Meet 500 Winston Salem Ave #103 — a 1,498-square-foot, two-bed, two-bath condo in Virginia Beach built in 1985, sitting steps from the waterfront with Dam Neck Annex and NAS Oceana each less than ten minutes away.

Read the full overview ↓

Why this home stands out

What sets this ground-floor condo apart is the rare combination of genuine waterfront proximity and everyday practicality. At 1,498 square feet, the floorplan gives two full bedrooms and two full baths real breathing room — uncommon at this size class. Add a walkable cluster of waterfront dining right outside the door and two major military installations reachable in under ten minutes, and the address earns its place on a short list.

OCEAN WAY CONDOMINIUM and the Virginia Beach real estate market

Unit 103 sits in the Shore Drive corridor of Virginia Beach, a stretch of coastline that feels distinctly different from the resort strip — quieter, more residential, and deeply rooted in the water. The surrounding blocks mix low-rise condos with single-family homes, and the vibe leans toward people who actually live here year-round rather than just visit. If you've been searching for a home for sale virginia beach va that puts you inside the lifestyle rather than adjacent to it, this zip code delivers. Virginia Beach itself is the most populous city in the Commonwealth, covering a wide range of neighborhoods from the Oceanfront to the rural Agricultural Reserve. The 23451 zip puts you on the northern end of the beach, close to Chesapeake Bay access, with the Atlantic a short ride east. It's a city that rewards people who want outdoor recreation, a strong military community, and a genuine sense of place — all without sacrificing urban convenience.

What's nearby

Daily life is easy here. Prise's Food Mart handles quick grocery runs at just 0.4 miles, and Tienda Latina La Tapatia 2 is under a mile for specialty finds. For coffee, you have three options within half a mile — Zeke's, Virginia Beach Coffee Co, and a 7-Eleven for early-morning runs. When it's time to eat, Docktails VB is essentially at your doorstep, with The Dock Grill and Big Sam's Inlet Cafe & Raw Bar both within a tenth of a mile. Fitness options are solid too: CoreStrength Center is 0.3 miles away, TakeOver Athletics Shadowlawn and Kaizen Athletics round out the choices nearby. Grommet Island Park, The Jetty, and Marshview Park (Southside) are all under a mile for outdoor time.

For different buyers

For military families relocating

Dam Neck Annex is a six-minute drive and NAS Oceana is seven minutes out — two of Hampton Roads' key installations within easy reach. A VA loan can make ownership here straightforward, and BAH rates for the Virginia Beach area align well with this price range. Whether you're PCS-ing in or already stationed locally, the commute math works in your favor.

For buyers drawn to character

There's a lot to love if you're drawn to a home with a sense of place rather than a generic subdivision. The Shore Drive corridor has personality — waterfront restaurants steps away, parks along the bay, a tight-knit community of year-round residents. A 1985 build means the bones are solid and the floorplans were designed with livable square footage in mind, not just maximized unit counts. This is Virginia Beach for sale at its most authentic.

More buyer questions

How far is 500 Winston Salem Ave #103 from Dam Neck Annex?

Dam Neck Annex is approximately six minutes by car from this address. The straightforward route along Shore Drive makes the daily commute predictable regardless of the time of day.

How far is 500 Winston Salem Ave #103 from NAS Oceana?

NAS Oceana is about seven minutes away by car. That puts two major Virginia Beach installations within a combined ten-minute radius of this address.

Is 500 Winston Salem Ave #103 in a flood zone?

Given its location in the Shore Drive waterfront corridor of Virginia Beach, flood zone status is worth reviewing carefully — check the FloodRisk tile on this page for the current FEMA designation and what it means for insurance.

Does 500 Winston Salem Ave #103 have an HOA?

Yes, this condo is part of a homeowners association. Specific fee amounts and what they cover are best confirmed through current association documents at the time of your inquiry.

What is the walkability like around 500 Winston Salem Ave #103?

Walkability is a genuine strength here — waterfront restaurants, a park, a gym, and a grocery store are all within half a mile, making it easy to handle a good portion of daily errands and leisure on foot.

Ready to see 500 Winston Salem Ave #103 in person? Tom and Dariya Milan at LPT Realty know this corridor 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

1985

Price / sqft

$350

Condo fee

$988/mo

Taxes

$4,939/yr

County

Virginia Beach VA

Waterfront

Yes

MLS #

10644672

Condo association includes

ElevatorExercise RmGround MaintPoolSewerTrash PickupWater

$988/mo condo fee · Ocean Way Condominium Owners Association · per the REIN MLS listing record — confirm inclusions with the association.

Interior

Bedrooms
2
Full baths
2
Approx. sqft
1,498
Stories
1
Flooring
Ceramic, Laminate/LVP
Ensuite bedrooms
1
First-floor bed & full bath
Yes
Total rooms
5
Other rooms
1st Floor BR, 1st Floor Primary BR, Balcony, PBR with Bath, Utility Room
Appliances
Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer
Equipment
Cable Hookup, Ceiling Fan
Accessibility
Elevator

Construction & exterior

Style
Contemp, Mid Rise, Transitional
Subtype
Attached
Foundation
Pile
Roof
Poly Skin
Exterior
EIFS
Pool
No Pool
Waterfront
Bulkhead,Deep Water,Deep Water Access,Navigable,Tidal
Deep-water access
Yes

Utilities & systems

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

Lot, parking & ownership

Subdivision
OCEAN WAY CONDOMINIUM
Unit / floor
1
Zoning
RT3
Ownership
Condo
Garage
Yes
Parking
Parking Gar, 1 Space, Driveway Spc
Possession
SETTLE
Miscellaneous
Pet Restrictions
Disclosures
Disclosure Statement, Resale Certif Req

See more Virginia Beach waterfront homes.

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

Flood & environment

Flood Risk

Looking up FEMA flood zone…

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 real estate

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

$4,277/mo

Principal & interest

$2,724

Property tax

$412

Home insurance

$153

PMI

None

HOA

$988

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

$525,000$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.

500 Winston Salem AVE #203 · 0 mi · 1,498 sqft$575,000 sold 2026-05
408 High Point AVE · 0.1 mi · 1,433 sqft$525,000 sold 2026-04
400 Rudee Point RD #205 · 0.2 mi · 1,460 sqft$575,000 sold 2026-02

Sale & Tax History

List Price

$525,000

Price / Sq Ft

$350

Annual Taxes

$4,939

Monthly Tax

$412

Condo fee

$988 / mo

Tax Rate (effective)

0.94%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJul 17, 2026$525,000
Currently listed$525,000

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.

Market tempo

1 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 Winston Salem Ave #103 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 there a gym near 500 Winston Salem Ave #103?+
Yes — CoreStrength Center is about 0.3 miles away, per the cached nearby-places record for this address.
Are there parks near 500 Winston Salem Ave #103?+
Grommet Island Park is about 0.4 miles away.
Where is the nearest grocery store to 500 Winston Salem Ave #103?+
Prise's Food Mart is about 0.4 miles away. The closest dining on record is Docktails VB (0 mi).
Is 500 Winston Salem Ave #103 a waterfront property?+
Yes. The listing record shows: Bulkhead,Deep Water,Deep Water Access,Navigable,Tidal.
Does 500 Winston Salem Ave #103 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 Ocean Way Condominium Owners Association. Association amenities on record include: Elevator, Exercise Rm, Ground Maint, Pool, Sewer, Trash Pickup, Water.
When was 500 Winston Salem Ave #103 built?+
It was built in 1985, 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 Ken Longo · Howard Hanna Real Estate Svcs. · REIN MLS #10644672

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 Winston Salem Ave #103, Virginia Beach — photo

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

Call or text (757) 777-7577

500 Winston Salem Ave #103, Virginia Beach, Virginia 23451 · MLS #10644672 · 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.