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Virginia Beach › OCEAN WAY CONDOMINIUM › 500 Winston Salem Ave #511✓ Source: REIN MLS #10644999 · record updated Sep 16, 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
3beds
3.1baths
3,074sqft
57days 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

Facts & features

Type

Residential

Year built

1985

Price / sqft

$389

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

About this home

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

Tom & Dariya's overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · Brokered by LPT Realty

At a glance

This three-bedroom, three-bath condo sits steps from the water in Virginia Beach. Built in 1985, it offers 3,074 square feet with easy access to dining and fitness. You're minutes from Dam Neck Annex and NAS Oceana.

Keep searching in Virginia Beach

See all Virginia Beach homes for sale, including homes for sale in 23451, homes for sale zoned for First Colonial High School, and homes for sale zoned for Cooke Elementary School. Browse every listing among homes for sale in Virginia Beach — updated from the REIN MLS every few minutes. Nearby, look at Rudee Heights homes for sale, Virginia Beach waterfront homes for sale, Virginia Beach condos and townhomes for sale, and new construction homes in Virginia Beach.

Read the full overview ↓

Why this home stands out

Waterfront living at an established address means you're walking distance to restaurants, coffee shops, and parks. The layout gives you three full bedrooms and multiple bathrooms—plenty of space without the single-family maintenance burden. Location here is rare: you're close enough to base commutes that matter, yet surrounded by the kind of neighborhood amenities that make daily life simple.

OCEAN WAY CONDOMINIUM and the Virginia Beach real estate market

This corner of Virginia Beach has the feel of a working waterfront community. Tree-lined streets connect you to local favorites like Rudee's Restaurant and Cabana Bar, The Dock Grill, and Docktails VB—all within a short walk. Marshview Park sits nearby for outdoor time, and Zeke's coffee is half a mile away. The neighborhood blends residential calm with easy access to dining and recreation. Virginia Beach itself stretches from the oceanfront to inland neighborhoods, with routes to Naval Station Norfolk and other major corridors well marked. Anyone comparing homes for sale in 23451 will notice this location's walkability and proximity to water-view dining. The city's network of parks, shops, and services means you're never far from what you need.

What's nearby

Rudee's Restaurant and Cabana Bar and The Dock Grill sit just two blocks away—perfect for dinner without the drive. Docktails VB is equally close for drinks and casual fare. Zeke's coffee is a half-mile walk, and Virginia Beach Coffee Co sits at 0.7 miles. For groceries, Prise's Food Mart is 0.7 miles and Tienda Latina La Tapatia 2 is just over a mile. Fitness options include TakeOver Athletics Shadowlawn and CoreStrength Center, both within walking distance. Marshview Park and Grommet Island Park offer green space and recreation nearby.

For different buyers

Base commute and VA loan notes

About six minutes to Dam Neck Annex and seven minutes to NAS Oceana—short enough for a daily commute without stress. VA loan financing is common in this area, and the established neighborhood means you can move in quickly. Three bedrooms and multiple bathrooms give you room to settle.

Room to grow

Three bedrooms and three full baths spread across 3,074 square feet—enough space for a home office, guest room, or dedicated hobby area. The condo layout eliminates yard upkeep while keeping you near parks and outdoor recreation. Storage and layout work hard for you here.

More buyer questions

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

About six minutes by car. It's one of the closer commutes in the Virginia Beach area.

What restaurants are within walking distance?

Rudee's Restaurant and Cabana Bar, The Dock Grill, and Docktails VB are all two blocks away. You can walk to dinner.

Are there parks nearby?

Yes. Marshview Park is 0.4 miles away, and Grommet Island Park is 0.6 miles. Both offer green space and recreation.

Can I use a VA loan to buy homes for sale zoned for First Colonial High School and homes for sale zoned for Cooke Elementary School?

Yes, VA loans are widely used throughout Virginia Beach. Talk to a lender about your specific eligibility and benefits.

Is this address in a walkable neighborhood?

Very much so. Coffee shops, restaurants, parks, and fitness centers are all within a short walk or half-mile drive.

Ready to explore this waterfront condo? Contact Tom & Dariya Milan at LPT Realty to schedule a tour today.

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

Homes like this one sell fast — see the next one first

Virginia Beach$1M – $1.4M3+ beds

By subscribing you agree to receive listing emails from Tom & Dariya Milan, Realtors, at most one a day. Unsubscribe anytime · Privacy PolicyBrokered by LPT Realty

Schools

VaHome School Score

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.

Flood & environment

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

8.4 ft above sea level

0.4 ft above 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\u2019s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service \u2014 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 — 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. It sits 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

$7,180/mo

Principal & interest

$6,201

Property tax

$630

Home insurance

$349

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

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
911 Virginia AVE · 0.5 mi · 3,330 sqft$1,145,000 sold 2026-09

Own a home nearby? See what it is worth today — What's your Virginia Beach home worth?

Sale & Tax History

List Price

$1,195,000

Price / Sq Ft

$389

Annual Taxes

$7,565

Monthly Tax

$630

HOA fee

$1,600 / mo

Tax Rate (effective)

0.63%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJul 21, 2026$1,195,000—
Price reducedSep 16, 2026$1,195,000−$80,000
Currently listed—$1,195,000—

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

57 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

Is 500 Winston Salem Ave #511 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 #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

Brokered by 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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