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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

Meet 500 Winston Salem Ave #207, a two-bedroom, two-bath condo in Ocean Way Condominium. You're steps from waterfront dining and just minutes from Dam Neck Annex and NAS Oceana. This 1,498-square-foot home sits in a walkable Virginia Beach neighborhood with easy access to coffee, groceries, and parks.

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

This condo offers the rare combination of waterfront proximity and military convenience. You're walking distance to restaurants like Rudee's and The Dock Grill, yet only six minutes to Dam Neck Annex. The layout spans 1,498 square feet with two full baths—plenty of space for a home office or guest room. Built in 1985, the building sits on a quieter stretch of Winston Salem Ave, away from heavy traffic but close to everything.

OCEAN WAY CONDOMINIUM and the Virginia Beach real estate market

Ocean Way Condominium sits in a neighborhood defined by water access and local character. The streets here are lined with modest residential buildings and waterfront businesses, creating a lived-in, genuine feel. You're never far from a coffee shop—Zeke's and Virginia Beach Coffee Co are both under a mile away. Marshview Park and Grommet Island Park offer green space and water views within a short walk. Virginia Beach itself is a city of 450,000 with a strong military presence, a thriving waterfront culture, and neighborhoods that range from beachy and casual to quiet and residential. Getting around is straightforward: major roads like Military Highway and Shore Drive connect you to the rest of the city and to other bases in about 20 minutes. Anyone comparing homes for sale in Virginia Beach will notice how this zip code balances convenience with a genuine neighborhood feel.

What's nearby

You're in a walker's paradise. Rudee's Restaurant and Cabana Bar and The Dock Grill sit just two blocks away—perfect for dinner without the drive. Zeke's coffee shop is a half-mile stroll, and grocery options like Prise's Food Mart and Tienda Latina La Tapatia 2 are close by. Fitness is nearby too: TakeOver Athletics Shadowlawn and CoreStrength Center are both under a mile away. Marshview Park sits four-tenths of a mile south, offering a quiet green space and water views.

For different buyers

Base commute and VA loan notes

Dam Neck Annex is just six minutes away, and NAS Oceana sits seven minutes south. VA loan financing is common in this zip code, and the condo's straightforward layout means you can move in quickly. Two full baths and a dedicated office space give you flexibility for remote work or visiting family.

Room to grow

Two bedrooms and two full baths give you room to spread out and host guests comfortably. The 1,498-square-foot layout works well for a home office, workout space, or hobby room. Condo living means no yard maintenance, so you keep more time for what matters. Storage is efficient, and the waterfront location puts parks and recreation just steps away.

More buyer questions

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

About six minutes by car, making this a convenient location for anyone commuting to the base.

What grocery stores are near this condo?

Prise's Food Mart is 0.7 miles away, and Tienda Latina La Tapatia 2 is one mile south. Both are quick drives or bike rides.

Are there parks nearby?

Yes. Marshview Park is four-tenths of a mile away, and Grommet Island Park sits six-tenths of a mile south. Both offer green space and water access.

What is the zoning for this address if you are comparing homes for sale zoned for First Colonial High School and homes for sale zoned for Cooke Elementary School?

This address is zoned for both schools. Check the Schools tile on this page for full details about each.

How walkable is the neighborhood around homes for sale in 23451?

Very. Coffee shops, restaurants, and parks are all within a mile, and the waterfront dining scene is just two blocks away.

Ready to explore this Ocean Way condo? Contact Tom & Dariya Milan today to schedule a tour and learn more about homes for sale in 23451.

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

By subscribing you agree to receive listing emails from Tom & Dariya Milan, Realtors, at most one a day. Unsubscribe anytime · Privacy PolicyBrokered by LPT Realty

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 (FEMA)

Source: FEMA National Flood Hazard Layer · FIRM 515531

High Risk

FEMA flood zone

AE (1% annual chance)

Base flood elevation

8 ft above sea level

Property elevation

7.7 ft above sea level

0.3 ft below BFE

USGS 3DEP digital elevation model

Special Flood Hazard Area — 1% annual chance of flooding. Federal flood insurance is required on most mortgages.

Data sources: Flood zone and base flood elevation come from FEMA\u2019s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service \u2014 actual elevations across a single property can vary by several feet higher or lower than the figure shown. Use these numbers as a starting reference and do your own due diligence (a professional survey or elevation certificate) before relying on them for any financial, insurance, or construction decision.

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. It sits 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

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 – $835,000

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

Free, no obligation — your inquiry goes to Tom & Dariya, never resold.

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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