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Virginia Beach › OCEAN WAY CONDOMINIUM › 500 Winston Salem Ave #203✓ Source: REIN MLS #10625565 · record updated May 7, 2026 · synced every 2 min · your inquiry is never resold
500 Winston Salem AVE #203, VIRGINIABEACH VA 23451 - Main photo
$575,000
$384 / sqft · est. $4,550/mo →
2beds
2baths
1,498sqft
6days on market

500 Winston Salem Ave #203, Virginia Beach, VA 23451

SoldResidential · 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: Bay, Bulkhead, Deep Water, Ocean.

Frontage

Bay · Ocean ✓ 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

Mornings begin with sweeping views of Rudee Inlet, the harbor, and the open ocean — a backdrop that never loses its magic. This beautifully updated coastal residence is designed for those who want to live the beach, not just visit it. The open layout flows seamlessly to a private balcony where boats drift by and the salt air does the rest. An updated kitchen with granite counters connects effortlessly to the living and dining spaces, making it ideal for quiet evenings at home or easy entertaining with friends. The primary suite offers a true sense of retreat, complete with custom California Closets. Hardwood floors, plantation shutters, and updated baths add a polished, move-in-ready feel throughout. A deeded garage space, private storage closet, inlet-view pool, and fitness center complete the amenity package. Just minutes from the oceanfront, you are close to acclaimed dining, live music, festivals, and the energy of coastal living. Some places you visit. This one you come home to.

Listing courtesy of Jan Edwards · Real Broker LLC · REIN MLS #10625565

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Residential

Year built

1985

Price / sqft

$384

Condo fee

$986/mo

Taxes

$4,948/yr

County

Virginia Beach VA

Waterfront

Yes

MLS #

10625565

Condo association includes

CableElevatorExercise RmGround MaintPoolSecuritySewerTrash PickupWater

$986/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
Carpet, Laminate/LVP, Wood
Ensuite bedrooms
1
First-floor bed & full bath
Yes
Total rooms
5
Other rooms
Assigned Storage, Balcony, Breakfast Area, Foyer, PBR with Bath, Utility Room
Appliances
Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer
Equipment
Cable Hookup, Ceiling Fan, Jetted Tub, Security Sys

Construction & exterior

Style
Contemp, Mid Rise
Subtype
Attached
Foundation
Pile, Sealed/Encapsulated Crawl Space
Roof
Asphalt Shingle,Poly Skin
Exterior
EIFS,Fiber Cement
Pool
No Pool
Waterfront
Bay,Bulkhead,Deep Water,Ocean
Deep-water access
Yes

Utilities & systems

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

Lot, parking & ownership

Subdivision
OCEAN WAY CONDOMINIUM
Unit / floor
2
Zoning
RT3
Ownership
Condo
Garage
Yes
Parking
Garage Att 1 Car, 1 Space, Assigned/Reserved, Covered
Possession
SETTLE
Disclosures
Common Interest Community, Disclosure Statement, Resale Certif Req

See more Virginia Beach waterfront homes.

Sources: REIN MLS record · 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

70-75 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.

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

$4,550/mo

Principal & interest

$2,984

Property tax

$412

Home insurance

$168

PMI

None

HOA

$986

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 · 0.1 mi · 1,433 sqft$525,000 sold 2026-04
400 Rudee Point RD #307 · 0.3 mi · 1,460 sqft$590,000 sold 2026-07
815 Delaware AVE · 0.5 mi · 1,420 sqft$700,000 sold 2026-06

Sale & Tax History

List Price

$575,000

Price / Sq Ft

$384

Annual Taxes

$4,948

Monthly Tax

$412

Condo fee

$986 / mo

Tax Rate (effective)

0.86%

Sale Timeline (this listing)

EventDatePriceDetail
ListedMay 4, 2026$575,000—
SoldMay 4, 2026$575,000—

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 500 Winston Salem Ave #203 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 Winston Salem Ave #203 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 500 Winston Salem Ave #203 a waterfront property?+
Yes. The listing record shows: Bay,Bulkhead,Deep Water,Ocean.
Does 500 Winston Salem Ave #203 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: Cable, Elevator, Exercise Rm, Ground Maint, Pool, Security, Sewer, Trash Pickup, Water.
When was 500 Winston Salem Ave #203 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 Jan Edwards · Real Broker LLC · REIN MLS #10625565

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.

🏡 Similar homes for saleWhat's my home worth?

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

🏡 Homes for sale in Virginia BeachCall or text (757) 777-7577

500 Winston Salem Ave #203, Virginia Beach, Virginia 23451 · MLS #10625565 · 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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