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Virginia Beach › OCEAN WAY CONDOMINIUM › 500 Winston Salem Ave #207✓ Source: REIN MLS #10622918 · record updated May 18, 2026 · synced every 2 min · your inquiry is never resold
500 Winston Salem AVE #207, VIRGINIA BEACH VA 23451 - Main photo
500 Winston Salem AVE #207, VIRGINIA BEACH VA 23451 - Photo 2
500 Winston Salem AVE #207, VIRGINIA BEACH VA 23451 - Photo 3
500 Winston Salem AVE #207, VIRGINIA BEACH VA 23451 - Photo 4
500 Winston Salem AVE #207, VIRGINIA BEACH VA 23451 - Photo 5
2beds
2baths
1,498sqft
158days on market

500 Winston Salem Ave #207, Virginia Beach, VA 23451

ActiveResidential · 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, Navigable.

Frontage

Waterfront ✓ VERIFIED

Shoreline

Bulkheaded

Access

Deep-water access

Source: REIN MLS listing record · waterfront features as listed

Facts & features

Type

Residential

Year built

1985

Price / sqft

$344

Condo fee

$986/mo

Taxes

$4,887/yr

County

Virginia Beach VA

Waterfront

Yes

MLS #

10622918

Condo association includes

DockElevatorExercise 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, Ceramic
Ensuite bedrooms
1
First-floor bed & full bath
Yes
Total rooms
5
Other rooms
1st Floor Primary BR, Assigned Storage, Balcony, Foyer, PBR with Bath, Utility Closet
Appliances
Dishwasher, Dryer, Microwave, Elec Range, Refrigerator, Washer
Equipment
Cable Hookup, Ceiling Fan, Jetted Tub

Construction & exterior

Style
Mid Rise
Subtype
Attached
Foundation
Pile
Roof
Other
Exterior
EIFS
Pool
No Pool
Waterfront
Bulkhead,Deep Water,Navigable
Deep-water access
Yes

Utilities & systems

Heating
Forced Hot Air, 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
No
Parking
1 Space, Assigned/Reserved
Possession
SETTLEMENT
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

About this home

Why shouldn't every day feel like a vacation? Live your best life now in this spacious 2 bedroom/2 bathroom condominium offering open and functional living nestled within a premier waterfront community. From sunrise to sunset, from Lake Rudee to the Atlantic, the incredible views from your private balcony change daily. Additional amenities within the complex include secured entrance, assigned parking, private storage, community storage, luxurious party room, sitting foyers on each floor, gym, pool, and so much more!!!

Listing courtesy of David Smith · Shield Realty Co. Inc. · REIN MLS #10622918

Tom & Dariya's overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · Brokered by LPT Realty

At a glance

500 Winston Salem Ave #207 is a 2-bed, 2-bath condo in Virginia Beach's Ocean Way Condominium community, offering 1,498 square feet built in 1985 — just steps from the Rudee Inlet waterfront dining scene and six minutes from Dam Neck Annex.

Keep searching in Virginia Beach

See all Virginia Beach homes for sale, including homes for sale in 23451, homes for sale zoned for First Colonial High School, and homes for sale zoned for Cooke Elementary School. Browse every listing among homes for sale in Virginia Beach — updated from the REIN MLS every few minutes. Nearby, look at Rudee Heights homes for sale, Virginia Beach waterfront homes for sale, Virginia Beach condos and townhomes for sale, and new construction homes in Virginia Beach.

Read the full overview ↓

Why this home stands out

What sets Unit 207 apart is the combination of genuine square footage — 1,498 feet is roomy for a Virginia Beach condo — and an address that puts you within a short walk of three waterfront restaurants, multiple fitness studios, and Grommet Island Park. The Ocean Way Condominium community keeps things low-key while the Rudee Inlet corridor right outside delivers the coastal energy most people drive to.

OCEAN WAY CONDOMINIUM and the Virginia Beach real estate market

Ocean Way Condominium sits at the southern edge of the Virginia Beach Resort Area, where the Rudee Inlet meets the Atlantic. The 23451 zip code is one of the most recognizable in Hampton Roads — it covers the Oceanfront proper, and homes for sale in 23451 tend to attract buyers who want beach-city convenience without sacrificing livability. The surrounding blocks feel more residential than the boardwalk strip: quieter streets, mature landscaping, and a mix of condos and single-family homes that have been here long enough to feel rooted. Virginia Beach as a city offers year-round amenities — a robust parks system, a thriving restaurant scene, and easy access to both the Atlantic coast and the Chesapeake Bay side — and this address puts you near the best of it. Marshview Park is a four-minute walk away, giving the neighborhood a genuine green anchor that the resort-area zip code doesn't always guarantee.

What's nearby

Daily life is well-supplied from here. Prise's Food Mart handles quick grocery runs at 0.7 miles, and Tienda Latina La Tapatia 2 is just a mile out for specialty finds. For coffee, Zeke's is half a mile away, with Virginia Beach Coffee Co another option at 0.7 miles. Dinner options stack up fast: Rudee's Restaurant and Cabana Bar, The Dock Grill, and Docktails VB are all within 0.2 miles — a walkable waterfront dining cluster that most neighborhoods can't match. TakeOver Athletics Shadowlawn and CoreStrength Center cover strength and conditioning within 0.6 miles, and ReStormi Pilates rounds out the fitness options at one mile. Grommet Island Park and Marshview Park are both under 0.7 miles for outdoor time.

For different buyers

For military families relocating

Dam Neck Annex is six minutes away and NAS Oceana is seven — Unit 207 is one of the tightest base-to-door commutes you'll find in the resort-area zip code. A VA loan works well here, and the condo format means less weekend maintenance and more time actually enjoying the coast. Families comparing Virginia Beach homes for sale with short base commutes should put this address on the list.

For first-time buyers

At 1,498 square feet, Unit 207 gives first-time buyers real room to grow — two full bedrooms, two full baths, and a layout that doesn't feel like a starter compromise. The condo structure keeps exterior upkeep off your plate, and the walkable access to restaurants, parks, and coffee shops means you won't need a car for every errand. It's a strong foothold in a zip code that holds its value.

More buyer questions

How far is 500 Winston Salem Ave #207 from Dam Neck Annex?

Dam Neck Annex is approximately six minutes by car from Unit 207 — one of the shortest base commutes available in the Oceanfront zip code. NAS Oceana is similarly close at about seven minutes.

Is 500 Winston Salem Ave #207 in a flood zone?

Flood zone information for this address is covered in the FloodRisk tile on this page — check that section for the current FEMA designation and what it means for insurance requirements.

What schools serve 500 Winston Salem Ave #207?

Buyers comparing homes for sale zoned for First Colonial High School and homes for sale zoned for Cooke Elementary School will find that this address falls within those attendance zones — confirm current boundaries with Virginia Beach City Public Schools before closing.

Does Ocean Way Condominium have an HOA?

Yes, Ocean Way Condominium is governed by a homeowners association. HOA fee amounts are not listed here — your agent can pull the current disclosure packet, which will include dues, rules, and reserve fund information.

How walkable is the area around 500 Winston Salem Ave?

Very walkable for a condo address in this part of Virginia Beach — three waterfront restaurants are within 0.2 miles, Marshview Park is 0.4 miles out, and Zeke's coffee is a half-mile stroll. Grocery and gym options are all under a mile.

Tom and Dariya Milan at LPT Realty know the Ocean Way Condominium community well. Reach out to get the full picture on Unit 207 — comps, HOA details, and what the Rudee Inlet corridor looks like day-to-day.

Summary generated by AI from public records and publicly available information.

Homes like this one sell fast — see the next one first

Virginia Beach$435K – $595K2+ beds

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Schools

VaHome School Score

Our own 1–10 rating, scored from Virginia Department of Education data.

VaHome School Score — calculated by VaHome.com from Virginia Department of Education assessment, progress, and attendance data. Attendance zones come from the MLS listing record; confirm the current zone with the school division before making an offer.

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.

2

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

homes for sale in Virginia Beach →

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

$3,230/mo

Principal & interest

$2,672

Property tax

$407

Home insurance

$150

PMI

None

HOA/Condo (paid separately)

$986

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

Judge value on real ground

Price context — similar nearby homes

$545,000 – $620,000

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
316 Winston Salem AVE #501 · 0 mi · 1,500 sqft$580,000 sold 2026-07
400 Rudee Point RD #205 · 0.2 mi · 1,460 sqft$575,000 sold 2026-02

Own a home nearby? See what it is worth today — What's your Virginia Beach home worth?

Sale & Tax History

List Price

$515,000

Price / Sq Ft

$344

Annual Taxes

$4,887

Monthly Tax

$407

Condo fee

$986 / mo

Tax Rate (effective)

0.95%

Sale Timeline (this listing)

EventDatePriceDetail
ListedFeb 27, 2026$515,000—
Currently listed—$515,000—

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

158 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

Is 500 Winston Salem Ave #207 in a good school zone?+
The assigned zones on the listing record are W.T. Cooke Elementary (VaHome School Score 6/10), Virginia Beach Middle (VaHome School Score 6.4/10), First Colonial (VaHome School Score 7.4/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 500 Winston Salem Ave #207 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 Winston Salem Ave #207?+
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 #207?+
Grommet Island Park is about 0.4 miles away.
Where is the nearest grocery store to 500 Winston Salem Ave #207?+
Prise's Food Mart is about 0.5 miles away. The closest dining on record is Docktails VB (0 mi).
Is 500 Winston Salem Ave #207 a waterfront property?+
Yes. The listing record shows: Bulkhead,Deep Water,Navigable.
Does 500 Winston Salem Ave #207 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: Dock, Elevator, Exercise Rm, Ground Maint, Pool, Security, Sewer, Trash Pickup, Water.
When was 500 Winston Salem Ave #207 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

Brokered by LPT Realty · Hampton Roads · answer their own phone

✓ Your inquiry goes to Tom & Dariya — never sold to strangers

Listing courtesy of David Smith · Shield Realty Co. Inc. · REIN MLS #10622918

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

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500 Winston Salem Ave #207, Virginia Beach — photo

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

Call or text (757) 777-7577

500 Winston Salem Ave #207, Virginia Beach, Virginia 23451 · MLS #10622918 · 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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