8 days on market
$1,499,900
500 Winston Salem Ave #503
Virginia Beach, Virginia 23451
MLS# 10636944 · OCEAN WAY CONDOMINIUM · Virginia Beach VA
Updated Jun 6, 2026 · Source: REIN MLS
Est. payment
$9,116/mo
Edit below
Price / sq ft
$494
3,036 sq ft
Days on market
8
New listing
HOA
None
Year built
1985
41 yrs old
Beds
3
Full Baths
3
Half Baths
1
Sq Ft
3,036
Garage
Yes
About this home
ABSOLUTE STUNNING WATERFRONT VIEW!!! INSANELY GORGEOUS MARBLE TILE!! AN ARTISTS DREAM PENTHOUSE CONDO THAT MUST BE SEEN TO BE BELIEVED!!! UNMATCHED VIEWS ANYWHERE ELSE OF RUDEE'S INLET. ENJOY TWO, YES TWO, PRIVATE BALCONIES THAT OVERLOOK THE INLET. CATHEDRAL CEILING IN THE LIVING ROOM MAKES THIS CONDO SEEM MORE OPEN THAN MOST HOUSES. TOP NOTCH LUXURY LIVING IN EACH BEDROOM AND FULL BATHROOM. 3 SEPARATE SUITES SO EACH…
Listed by Justin McDaniel · AtCoastal Realty
VaHome Team property overview
Meet 500 Winston Salem Ave #503 — a three-bedroom, three-and-a-half-bath condo in Virginia Beach with over 3,000 square feet of living space, steps from the waterfront, and just minutes from Dam Neck Annex and NAS Oceana.
Read full property overview ↓Show less ↑
Why this home stands out
At 3,036 square feet, this 1985-built condo delivers the kind of square footage you'd expect from a single-family home, wrapped in a low-maintenance lifestyle right at the water's edge. Three full baths plus a half bath means no one's waiting in line on a busy morning, and the three-bedroom layout gives you genuine flexibility — whether that's a home office, a guest suite, or both.
OCEAN WAY CONDOMINIUM and the Virginia Beach real estate market
Virginia Beach has a personality that surprises people who only know it as a summer destination. Even when you're experiencing va beach in winter, this stretch near the Rudee Inlet and the southern end of the Oceanfront stays lively — local restaurants stay open, the boardwalk is walkable without the crowds, and the coastal light on a clear January afternoon is something else entirely. The area around Winston Salem Ave sits where the resort strip transitions into a more residential rhythm, giving you genuine beach-town energy without the wall-to-wall tourist traffic. Virginia Beach is an independent city — no county layer — which keeps local services streamlined. The neighborhood draws a mix of military families, working professionals, and longtime residents who simply refuse to live anywhere that isn't within earshot of the ocean. It's a community with real roots and a very specific sense of place.
What's nearby
Daily life is easy here. Groceries are covered at Prise's Food Mart half a mile away, with Tienda Latina La Tapatia 2 just a mile out for specialty finds. For coffee before a morning walk, Zeke's, Virginia Beach Coffee Co, and a 7-Eleven are all within half a mile. Dining is almost embarrassingly convenient — Docktails VB and The Dock Grill are essentially at your doorstep, and Rudee's Restaurant and Cabana Bar is just a tenth of a mile away. When it's time to move your body, CoreStrength Center is three-tenths of a mile out, with TakeOver Athletics Shadowlawn and Kaizen Athletics close behind. Grommet Island Park, The Jetty, and Marshview Park are all within walking distance for fresh air and open water views.
For different buyers
For military families relocating
Dam Neck Annex is a six-minute drive and NAS Oceana is seven minutes out — commute times that make a real difference during a busy duty week. A VA loan can be a strong tool for a property like this, and the size of the unit means the whole family has room to settle in properly rather than just survive a tour. The waterfront location is the kind of thing families talk about long after PCS orders move them on.
For families upgrading
Three bedrooms and three and a half baths across more than 3,000 square feet gives a growing family genuine breathing room — separate spaces for work, play, and guests without anyone feeling crowded. The condo format handles exterior maintenance so weekends stay free, and the walkable waterfront location means after-school and weekend activities are steps away rather than a car ride.
Frequently asked questions
How far is 500 Winston Salem Ave #503 from Dam Neck Annex?
Dam Neck Annex is approximately six minutes by car from this address, making it one of the more convenient locations in Virginia Beach for personnel assigned there.
How far is 500 Winston Salem Ave #503 from NAS Oceana?
NAS Oceana is about seven minutes away by car, giving you quick access to one of the region's largest employers and military installations.
Is 500 Winston Salem Ave #503 in a flood zone?
Given its proximity to the Rudee Inlet and the Virginia Beach coastline, 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 #503 have an HOA?
Yes, this condo is part of a homeowners association — HOA membership is standard for this type of property and typically covers shared building and common area maintenance.
What is the walkability like around 500 Winston Salem Ave #503?
Walkability is a genuine strength here — restaurants, coffee shops, parks, and the waterfront are all within a half mile, and the broader Oceanfront area is easily accessible on foot or by bike.
Ready to get a closer look at 500 Winston Salem Ave #503? Tom and Dariya Milan at LPT Realty know this stretch of Virginia Beach well — reach out and let's talk through the details.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Places within ~1 mile, ordered by distance from this property. Powered by Google Places.
Flood Risk
Property Details
Bedrooms
3
Full Baths
3
Half Baths
1
Approx Sq Ft
3,036
Stories
2
Fireplaces
0
Flooring
Carpet, Ceramic, Other
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
Dishwasher, Dryer, Microwave, Elec Range, Refrigerator, Washer
Sale & Tax History
List Price
$1,499,900
Price / Sq Ft
$494
Annual Taxes
$10,746
Monthly Tax
$896
HOA
None
Tax Rate (effective)
0.72%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | May 29, 2026 | $1,499,900 | — |
| Currently listed | — | $1,499,900 | — |
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:
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.
About buying in Virginia Beach
Homes for sale in Virginia Beach, VA span every price point and lifestyle — from oceanfront condos along the famous Boardwalk to sprawling waterfront estates on the Lynnhaven River and Linkhorn Bay. As the largest city in Hampton Roads, Virginia Beach offers an unusually varied real estate market: established family neighborhoods in Great Neck (ZIP 23454), golf-course communities in Kempsville (23464), modern townhomes near Town Center (23462), and beach-cottage living along Sandbridge (23456). Whether you're searching for a starter home under $300K, a family home in a top-rated school district, or a luxury property north of $2 million, the active MLS inventory updates daily here. Buyer demand stays strong year-round, driven by Virginia Beach's mild coastal climate, the consistently top-ranked Virginia Beach City Public Schools (Kempsville High, Floyd E. Kellam High, Princess Anne High, and Cox High among them), and the city's role as home to Naval Air Station Oceana — the largest master jet base in the country. Military families relocating here through PCS orders make up a meaningful share of buyers, and VA loan financing is widely used. First-time buyers gravitate toward the inland ZIPs (23464, 23456, 23452), while second-home and luxury buyers tend toward 23451 (Oceanfront/North End) and 23454 (Great Neck/Bay Colony). Below you'll find every active Virginia Beach home for sale pulled live from the REIN MLS and refreshed every 5 minutes.
Military Commute
Drive times to nearest basesDrive 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.
Estimate your monthly payment
$9,116/moPrincipal & interest
$7,783
Property tax
$896
Home insurance
$437
PMI
None
HOA
None
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.
Listed by AtCoastal Realty · MLS# 10636944
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$1,499,900
500 Winston Salem AVE #503, VIRGINIABEACH VA 23451
Virginia Beach, Virginia 23451
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