Virginia Beach › OCEAN WAY CONDOMINIUM › 500 Winston Salem Ave #511✓ Source: REIN MLS #10644999 · record updated Jul 21, 2026 · synced every 2 min · your inquiry is never resold

500 Winston Salem AVE #511, VIRGINIABEACH VA 23451 - Main photo

500 Winston Salem AVE #511, VIRGINIABEACH VA 23451 - Photo 2

500 Winston Salem AVE #511, VIRGINIABEACH VA 23451 - Photo 3

500 Winston Salem AVE #511, VIRGINIABEACH VA 23451 - Photo 4

500 Winston Salem AVE #511, VIRGINIABEACH VA 23451 - Photo 5

$1,275,000

$415 / sqft · est. $9,218/mo →

3beds

3.1baths

3,074sqft

0days on market

500 Winston Salem Ave #511, Virginia Beach, VA 23451

Name: 500 Winston Salem AVE #511, Virginia Beach, Virginia 23451
Brand: BHHS RW Towne Realty
Price: 1275000 USD
Availability: InStock

New ListingResidential · 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: Deep Water, Lake, Ocean.

Frontage

Lake · Ocean ✓ VERIFIED

Access

Deep-water access

Source: REIN MLS listing record · waterfront features as listed

About this home

The listing, in the seller's words

Experience coastal living from one of Ocean Way's most desirable residences. Located in the sought-after southeast corner penthouse, this beautifully maintained 3-bedroom, 3-bath home captures spectacular views stretching from Rudee Inlet to the Atlantic Ocean. The unique floor plan features dual primary suites, one on each level, offering exceptional privacy for owners and guests. Vaulted ceilings, a fireplace, and walls of glass create an open, light-filled living space that takes full advantage of the incredible waterfront setting. Two private balconies provide the perfect place to enjoy morning coffee, ocean breezes, or watch boats come and go through the inlet. Tastefully updated bathrooms, an unbeatable beachside location, and easy access to the Oceanfront, restaurants, and entertainment make this a rare opportunity to own one of Ocean Way's premier penthouses.

Listing courtesy of Joshua Parnell · BHHS RW Towne Realty · REIN MLS #10644999

Schools

ElementaryW.T. Cooke Elementary School
7/10
MiddleVirginia Beach Middle School
7/10
HighFirst Colonial High School
7/10

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Residential

Year built

1985

Price / sqft

$415

HOA fee

$1,600/mo

Taxes

$7,565/yr

County

Virginia Beach VA

Waterfront

Yes

MLS #

10644999

HOA association includes

ElevatorExercise RmGround MaintPoolSewerWater

$1,600/mo HOA fee · OCEAN WAY CONDOMINIUM OWNERS ASSOCIATION · per the REIN MLS listing record — confirm inclusions with the association.

Interior

Bedrooms: 3
Full baths: 3
Half baths: 1
Approx. sqft: 3,074
Stories: 2
Flooring: Carpet, Ceramic, Laminate/LVP
Ensuite bedrooms: 2
First-floor bed & full bath: Yes
Total rooms: 5
Other rooms: 1st Floor BR, 1st Floor Primary BR, Attic, Balcony, Breakfast Area, Foyer, PBR with Bath, Office/Study, Utility Room
Appliances: Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer
Accessibility: Elevator

Construction & exterior

Style: Traditional
Subtype: Attached
Foundation: Pile, Slab
Roof: Asphalt Shingle
Exterior: EIFS
Pool: No Pool
Waterfront: Deep Water,Lake,Ocean
Deep-water access: Yes

Utilities & systems

Heating: Heat Pump
Cooling: Central Air, Zoned
Water heater: Electric
Water: City/County
Sewer: City/County

Lot, parking & ownership

Subdivision: OCEAN WAY CONDOMINIUM
Unit / floor: 5
Zoning: RT3
Ownership: Condo
Garage: Yes
Parking: Parking Gar, Assigned/Reserved, Off Street
Possession: SETTLE
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

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.

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.

For sale now

$176K

HH income

81.7%

Owner-occupied

U.S. Census ACS 2024 5-year

Explore Rudee Heights →

Neighborhood

Virginia Beach real estate →

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

Homes at this tier often trade in cash or portfolio financing — the calculator below shows a financed view; taxes are from the public record.

Estimate your monthly payment

$9,218/mo

Down payment20% · $255,000

Interest rate6.75%

Loan term30 years

Principal & interest

$6,616

Property tax

$630

Home insurance

$372

PMI

None

HOA

$1,600

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.

Value & history

Judge value on real ground

Why we show no algorithmic estimate.

National AVMs misprice homes whose value drivers they can't see. Instead: the sourced assessment above, the carrying cost, real price history, and honest comparables below.

Price context — similar nearby homes

$1,000,000 – $1,270,000

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.

825 Greensboro AVE · 0.4 mi · 3,092 sqft$1,270,000 sold 2026-04

707 Carolina AVE · 0.3 mi · 2,700 sqft$1,049,000 sold 2026-03

425 Maryland CT · 1 mi · 3,000 sqft$1,130,000 sold 2026-04

Sale & Tax History

List Price

$1,275,000

Price / Sq Ft

$415

Annual Taxes

$7,565

Monthly Tax

$630

HOA fee

$1,600 / mo

Tax Rate (effective)

0.59%

Sale Timeline (this listing)

Event	Date	Price	Detail
Listed	Jul 21, 2026	$1,275,000	—
Currently listed	—	$1,275,000	—

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

0 days on market — read it in context

Higher-priced homes market more slowly by nature: the buyer pool is smaller and diligence is heavier. Days-on-market at this tier is a rhythm, not a warning.

Questions buyers ask

Real questions, answered from the record

Is 500 Winston Salem Ave #511 in a good school zone?+

The assigned zones on the listing record are W.T. Cooke Elementary (GreatSchools 7/10), Virginia Beach Middle (GreatSchools 7/10), First Colonial (GreatSchools 7/10). School attendance zones can change — always confirm enrollment with the local school division.

Is 500 Winston Salem Ave #511 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 500 Winston Salem Ave #511 a waterfront property?+

Yes. The listing record shows: Deep Water,Lake,Ocean.

Does 500 Winston Salem Ave #511 have an HOA?+

Yes — HOA dues are on record for this property (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: Elevator, Exercise Rm, Ground Maint, Pool, Sewer, Water.

When was 500 Winston Salem Ave #511 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

Tom & Dariya Milan

LPT Realty · Hampton Roads · answer their own phone

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

Listing courtesy of Joshua Parnell · BHHS RW Towne Realty · REIN MLS #10644999

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.

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500 Winston Salem Ave #511, Virginia Beach — photo

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

Call or text (757) 777-7577

500 Winston Salem Ave #511, Virginia Beach, Virginia 23451 · MLS #10644999 · 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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