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Virginia Beach › OCEAN WAY CONDOMINIUM › 500 Winston Salem Ave #511✓ Source: REIN MLS #10644999 · record updated Jul 30, 2026 · synced every 2 min · your inquiry is never resold
500 Winston Salem AVE #511, VIRGINIA BEACH VA 23451 - Main photo
500 Winston Salem AVE #511, VIRGINIA BEACH VA 23451 - Photo 2
500 Winston Salem AVE #511, VIRGINIA BEACH VA 23451 - Photo 3
500 Winston Salem AVE #511, VIRGINIA BEACH VA 23451 - Photo 4
500 Winston Salem AVE #511, VIRGINIA BEACH VA 23451 - Photo 5
$1,275,000
$415 / sqft · est. $9,218/mo →
3beds
3.1baths
3,074sqft
14days on market

500 Winston Salem Ave #511, 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: 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

VaHome team overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · LPT Realty

At a glance

500 Winston Salem Ave #511 is a spacious 3-bedroom, 3.1-bath condo in Virginia Beach, offering 3,074 square feet built in 1985 — just blocks from the oceanfront with two military installations both under ten minutes away.

Read the full overview ↓

Why this home stands out

Three bedrooms, three full baths, and a half bath spread across more than 3,000 square feet is genuinely rare in a Virginia Beach oceanfront-area condo. Built in 1985, the building carries that era's commitment to generous room proportions and solid construction. You're getting a full-sized home's worth of living space with the lock-and-leave convenience of condo ownership — a combination that's hard to find this close to the water.

OCEAN WAY CONDOMINIUM and the Virginia Beach real estate market

Unit 511 sits in the southern stretch of the Virginia Beach oceanfront corridor, where the resort energy of the main strip gives way to a slightly quieter, more residential rhythm. This part of the city draws people who want genuine proximity to the Atlantic without living directly on the tourist drag. The streets here mix year-round residents with weekend visitors, and the overall feel is coastal-casual — flip-flops are perfectly acceptable footwear for most errands. Virginia Beach itself is one of the largest cities by land area in the country, which means you're never far from major retail, dining, or green space, yet this particular pocket keeps things walkable and low-key. The Rudee Inlet area is just to the south, adding a working-waterfront character that sets this neighborhood apart from the purely hotel-and-boardwalk blocks to the north. It's a genuinely livable slice of the oceanfront.

What's nearby

Daily life is easy here. Rudee's Restaurant and Cabana Bar, The Dock Grill, and Docktails VB are all within two-tenths of a mile — waterfront dining practically at your doorstep. Zeke's and Virginia Beach Coffee Co are both under a mile for your morning routine, and Prise's Food Mart covers quick grocery runs at 0.7 miles. For fitness, TakeOver Athletics Shadowlawn and CoreStrength Center are both under a mile, with ReStormi Pilates just slightly beyond. Marshview Park and Grommet Island Park give you green space and accessible outdoor recreation within easy walking distance.

For different buyers

For military families relocating

Dam Neck Annex is a six-minute drive and NAS Oceana is seven minutes out — two major installations that rarely sit this close together on a single commute map. For a service member using a VA loan, a condo this size near two bases is a meaningful find. The lock-and-leave nature of condo living also makes deployment transitions considerably less stressful for the whole family.

For families upgrading

At 3,074 square feet with three full baths and a half bath, this condo lives like a single-family home — just without the yard maintenance. Families who've outgrown a smaller place will appreciate having real separation between bedrooms and genuine room to spread out. Add Grommet Island Park and Marshview Park within walking distance, and there's plenty of outdoor space that doesn't require you to own it.

More buyer questions

How far is 500 Winston Salem Ave #511 from Dam Neck Annex?

Dam Neck Annex is approximately six minutes by car from this address, making it one of the shortest base commutes available in the Virginia Beach oceanfront area. NAS Oceana is similarly close at around seven minutes.

Is 500 Winston Salem Ave #511 part of an HOA?

Yes, as a condo property this unit is governed by a condominium association. HOA membership covers shared building and common-area maintenance; specific fee details are available through current listing documentation.

What is the flood zone status for 500 Winston Salem Ave #511?

Given its location near the Virginia Beach oceanfront and Rudee Inlet, flood zone designation is an important consideration — check the FloodRisk tile on this page for the current FEMA map classification for this address.

How walkable is the area around 500 Winston Salem Ave #511?

Walkability is a genuine strength here — multiple waterfront restaurants are within 0.2 miles, a coffee shop is half a mile out, and two parks are reachable on foot. Most daily errands require a short drive, but the immediate surroundings are unusually pedestrian-friendly for Virginia Beach.

What year was 500 Winston Salem Ave #511 built?

The building was constructed in 1985, placing it in an era known for larger unit footprints and more substantial construction than many newer condo developments in the area.

Want to walk through #511 or talk through the numbers? Tom and Dariya Milan at LPT Realty know this stretch of Virginia Beach well — reach out and let's set something up.

Summary generated by AI from public records and publicly available information.

Schools

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.

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, set 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

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

$7,618/mo

Principal & interest

$6,616

Property tax

$630

Home insurance

$372

PMI

None

HOA/Condo (paid separately)

$1,600

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

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
628 Surfside AVE · 0.8 mi · 2,912 sqft$1,000,000 sold 2026-08

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)

EventDatePriceDetail
ListedJul 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

14 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

TD

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.

Schedule a private tour

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

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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