Why this home stands out
Four-bedroom, three-and-a-half-bath condominiums this close to the Virginia Beach oceanfront are genuinely rare. At 2,798 square feet, Unit 505 offers the footprint of a single-family home wrapped in the low-maintenance lifestyle of a condo — no yard work, no exterior upkeep, just a walkable resort neighborhood and two military bases each under ten minutes away. The Ocean Way Condominium community adds a layer of established character that newer high-rises simply can't replicate.
OCEAN WAY CONDOMINIUM and the Virginia Beach real estate market
Ocean Way Condominium sits in one of the most sought-after pockets of Virginia Beach — the resort strip where the Atlantic Ocean is a constant backdrop and the energy of the boardwalk is always within reach. This is the kind of address that draws people browsing homes for sale in Virginia Beach who want genuine coastal living, not just a zip code near the water. The building sits steps from Rudee Inlet, where the ocean meets the bay, giving the surrounding streets a marina-town feel that's distinct from the broader resort strip. Neighbors walk to dinner, bike to the beach, and kayak from nearby inlets on weekends. Virginia Beach's resort district has invested heavily in its public spaces and pedestrian infrastructure over the years, and this corridor benefits directly from that — wide sidewalks, well-lit streets, and a genuine sense of place that makes it feel like a destination even on a Tuesday afternoon.
What's nearby
Daily life is remarkably convenient here. Prise's Food Mart handles quick grocery runs just half a mile out, and Tienda Latina La Tapatia 2 is a mile away for specialty ingredients. For coffee, you have three options within half a mile: Zeke's, Virginia Beach Coffee Co, and a 7-Eleven for those early-morning departures. Fitness is covered by CoreStrength Center at 0.3 miles, TakeOver Athletics Shadowlawn at 0.5, and Kaizen Athletics under a mile out. When it's time to unwind, Docktails VB and The Dock Grill are essentially at your doorstep, with Rudee's Restaurant and Cabana Bar just a tenth of a mile away. Grommet Island Park, The Jetty, and Marshview Park are all within six-tenths of a mile for outdoor time.
For different buyers
For military families relocating
Dam Neck Annex is six minutes away and NAS Oceana is seven — two of the region's most active installations, both reachable before your coffee gets cold. A VA loan can make a property like this more accessible than you might expect, and BAH rates for Virginia Beach reflect the area's coastal demand. Four bedrooms means everyone gets space, and the low-maintenance condo format fits the tempo of military life perfectly.
For families upgrading
If you're searching for houses for sale in Virginia Beach and keep running into smaller footprints, Unit 505 reframes the conversation. Nearly 2,800 square feet across four bedrooms and three and a half baths gives a growing family genuine room to spread out — separate spaces for work, school, and downtime — while the walkable resort neighborhood means weekends essentially plan themselves. Grommet Island Park and the nearby waterfront are practically in the backyard.
More buyer questions
How far is 500 Winston Salem Ave #505 from Dam Neck Annex?
Dam Neck Annex is approximately six minutes by car from the building — one of the shortest commutes available to personnel stationed there. The route is straightforward and avoids most of the resort-district congestion.
How far is 500 Winston Salem Ave #505 from NAS Oceana?
NAS Oceana is roughly seven minutes away, making this address a practical choice for aviators and support staff stationed at the base. Both Dam Neck Annex and NAS Oceana are reachable without getting on a major highway.
Is 500 Winston Salem Ave #505 in a flood zone?
Given its proximity to Rudee Inlet and the Atlantic coast, flood zone status is an important consideration for this address — check the dedicated FloodRisk tile on this page for the current FEMA designation and what it means for insurance.
Does Ocean Way Condominium have an HOA?
Yes, Ocean Way Condominium is governed by a homeowners association. HOA coverage typically includes exterior maintenance and common area upkeep — contact the listing agent for current details on what the association covers.
What is the walkability like around 500 Winston Salem Ave?
Walkability is one of the strongest selling points of this address — restaurants, coffee shops, parks, and the oceanfront are all within half a mile, and the pedestrian infrastructure in this part of Virginia Beach is among the best in the region.
Ready to see Unit 505 in person? Tom and Dariya Milan at LPT Realty know this corridor well — reach out and let's find a time that works for you.
