500 Winston Salem Ave #503 was listed for sale on May 28, 2026. The last list price was $1,499,000. It came off the market on Sep 1, 2026. It is not listed for sale in the REIN MLS.
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 BEDROOM HAS A FULL BATHROOM. KITCHEN IS A FULL CHEFS DREAM WITH STAINLESS STEEL COUNTERTOPS FIT FOR ANY OCCASION. BUILDING HAS A POOL, FITNESS CENTER, SAUNA, COVERED PARKING GARAGE, COMMON ROOM AND KEYLESS ENTRY. COASTAL LIVING AT ITS FINEST AS THERE ARE PLENTY OF BEACH FRONT ACTIVITIES, RESTAURANTS AND ATTRACTIONS WITHIN MINUTES OF WALKING. COME SEE IT TODAY!!!!
Listing courtesy of Justin McDaniel · AtCoastal Realty · REIN MLS #10636944
Chapter · The Water
Life on the water
The waterfront is the reason this home exists. Its water record, straight from the listing: Deep Water, Ocean.
Frontage
Ocean ✓ VERIFIED
Access
Deep-water access
Source: REIN MLS listing record · waterfront features as listed
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.
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
Base commute and VA loan notes
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.
Room to grow
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.
More buyer 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.
Schools · VaHome School ScoreAssigned schools
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.
How Far Is?
Driving distance by road and typical drive time via Google Maps, to the nearest location of each.
Also nearby
Distances are straight-line (as the crow flies) from this property, not driving miles. Places within ~1 mile, nearest first. Powered by Google Places.
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Military Commute
Drive times to nearest bases
⚓
Dam Neck
Navy
20min·8.2mi
⚓
NAS Oceana
Navy
16min·6.2mi
⚓
Little Creek
Navy
31min·17.1mi
🚢
USCG Finance Ctr
Coast Guard
30min·22mi
🚢
USCG Portsmouth
Coast Guard
27min·20.1mi
Typical drive times from Google Maps, without live traffic. Rush hour and tunnel backups can add time.
Flood & environmentFlood risk (FEMA)
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’s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service — 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.
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.
Price context: similar nearby homes$1,000,000 – $1,270,000The 6 most similar homes nearby (same city, within ~20% of this size, ~2.5 mi; 6 sold). Context for the last list price, not an appraisal or an estimate of this home's value.
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.
CompareThis home next to what else is for sale nearby
Home
Price
Beds
Baths
Sqft
$ / sqft
500 Winston Salem Ave #503this home, last list price
$1,499,000
3
3.1
3,036
$494
Loading nearby homes for sale…
Active comparables from the REIN MLS, the same homes shown under Comparable Properties. Context for judging the asking price, not an appraisal.
Questions about this home
Is 500 Winston Salem Ave #503 in a good school zone?
The assigned zones on the listing record are W.T. Cooke Elementary (VaHome School Score 6.3/10), Virginia Beach Middle (VaHome School Score 7.1/10), First Colonial (VaHome School Score 8.2/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 500 Winston Salem Ave #503 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 #503?
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 #503?
Grommet Island Park is about 0.4 miles away.
Where is the nearest grocery store to 500 Winston Salem Ave #503?
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 #503 a waterfront property?
Yes. The listing record shows: Deep Water,Ocean.
Does 500 Winston Salem Ave #503 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: Clubhouse, Elevator, Exercise Rm, Ground Maint, Pool, Security, Sewer, Water.
When was 500 Winston Salem Ave #503 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.
Off the marketSee what this home is worth now
This home is not listed for sale in the REIN MLS. The home value tool estimates a current value from recent nearby sales.
Listing courtesy of Justin McDaniel · AtCoastal Realty · REIN MLS #10636944
500 Winston Salem Ave #503, Virginia Beach, Virginia 23451 · MLS #10636944 · 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.
