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✓ Source: REIN MLS #10658812 · record updated Oct 22, 2026 · synced every 2 min · your inquiry is never resold
500 Winston Salem Ave AVE #505, VIRGINIA BEACH VA 23451 - Main photo
500 Winston Salem Ave AVE #505, VIRGINIA BEACH VA 23451 - Photo 2
500 Winston Salem Ave AVE #505, VIRGINIA BEACH VA 23451 - Photo 3
500 Winston Salem Ave AVE #505, VIRGINIA BEACH VA 23451 - Photo 4
500 Winston Salem Ave AVE #505, VIRGINIA BEACH VA 23451 - Photo 5
4beds
3.1baths
2,798sqft
0days on market

500 Winston Salem Ave Ave #505, Virginia Beach, VA 23451

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, Navigable, Ocean.

Frontage

Lake · Ocean ✓ VERIFIED

Access

Deep-water access

Source: REIN MLS listing record · waterfront features as listed

About this home

Enjoy breathtaking views of Lake Rudee and the Atlantic Ocean from this spacious 4-bedroom, 3.5-bath Virginia Beach penthouse! The open floor plan features a kitchen overlooking the living and dining areas, with access to a balcony perfect for relaxing or entertaining. A main-level bedroom with a private bath offers flexibility for guests. Upstairs, the primary suite features its own private balcony, spacious bath, and beautiful water views. Brand-new carpet in the upstairs bedrooms and wood-look tile flooring in the main living areas add comfort and style. With two balconies, generous living space, and easy access to the beach, restaurants, and entertainment, coastal living doesn't get much better!

Listing courtesy of Cameron Elliott · AtCoastal Realty · REIN MLS #10658812

Facts & features

Type

Residential

Year built

1985

Price / sqft

$340

Condo fee

$1,846/mo

Taxes

$6,871/yr

County

Virginia Beach VA

Waterfront

Yes

MLS #

10658812

Condo association includes

CableClubhouseElevatorExercise RmGround MaintPoolSecuritySewerTrash PickupWater

$1,846/mo condo fee · Ocean Way Condominium Owners Association · per the REIN MLS listing record — confirm inclusions with the association.

Interior

Bedrooms
4
Full baths
3
Half baths
1
Approx. sqft
2,798
Stories
2
Flooring
Carpet, Ceramic, Laminate/LVP
Ensuite bedrooms
2
First-floor bed & full bath
Yes
Total rooms
11
Other rooms
1st Floor BR, 1st Floor Primary BR, Balcony, Foyer, PBR with Bath
Appliances
Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer
Equipment
Ceiling Fan

Construction & exterior

Style
Contemp
Subtype
Attached
Foundation
Pile
Roof
Asphalt Shingle,Poly Skin
Exterior
EIFS
Pool
No Pool
Waterfront
Deep Water,Lake,Navigable,Ocean
Deep-water access
Yes

Utilities & systems

Heating
Heat Pump, None
Cooling
Central Air, Heat Pump
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, 1 Space, Assigned/Reserved, Lot
Possession
CLOSE
Disclosures
Disclosure Statement

See more Virginia Beach waterfront homes.

Sources: REIN MLS record

Tom & Dariya's overview

Our read on this home

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

At a glance

500 Winston Salem Ave #505 is a four-bedroom, 3.1-bath condo in Virginia Beach with 2,798 square feet built in 1985. It sits less than a mile from the oceanfront and just minutes from two military installations. Daily life here puts restaurants, parks, and coffee within easy walking distance.

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. 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

Nearly 2,800 square feet inside a condo is genuinely uncommon along this stretch of Virginia Beach. Four bedrooms and three full baths give you real flexibility — a home office, a guest room, or dedicated space for hobbies. The 1985 build means solid construction with room to update on your own timeline. Add the walkable waterfront location and you have a package that is hard to replicate among homes for sale in 23451.

OCEAN WAY CONDOMINIUM and the Virginia Beach real estate market

Winston Salem Avenue sits in the Resort Beach area, just inland from the Virginia Beach oceanfront strip. The streets here blend low-rise condos with older cottages, giving the area a relaxed, beach-town feel rather than a high-rise resort vibe. Foot traffic picks up in summer, but the neighborhood has a year-round residential core that keeps it grounded. Marshview Park is four-tenths of a mile away, offering open green space along the marsh edge. Grommet Island Park — an accessible oceanfront park — is just over half a mile out. Virginia Beach itself is one of the largest cities by land area on the East Coast. The oceanfront boardwalk, Town Center, and Pungo farmland all fall within city limits, so the lifestyle range is wide. Getting around is straightforward: I-264 connects you west toward Norfolk and Chesapeake, while Shore Drive links you north toward Chick's Beach. Virginia Beach homes for sale at this price point rarely come with this much interior space this close to the water.

What's nearby

Rudee's Restaurant and Cabana Bar, The Dock Grill, and Docktails VB are all within two-tenths of a mile — walkable dinner options on most nights. Zeke's coffee shop is half a mile away, and Virginia Beach Coffee Co is just seven-tenths of a mile out. Prise's Food Mart handles quick grocery runs at 0.7 miles. TakeOver Athletics Shadowlawn and CoreStrength Center are both under a mile for fitness. Marshview Park and Marshview Park Field offer open space within half a mile, and Grommet Island Park puts accessible oceanfront recreation within easy reach.

For different buyers

Base commute and VA loan notes

Dam Neck Annex is about six minutes away by car. NAS Oceana is roughly seven minutes in the opposite direction. VA loan financing is widely used in this zip code, and the condo format means less exterior maintenance to manage between assignments. Four bedrooms also means room to set up a dedicated workspace or home office without giving anything up.

For buyers drawn to character

A nearly 2,800-square-foot condo from 1985 is a different animal from the sleek new builds nearby. The layout has real room to breathe — four bedrooms, three full baths, and a half bath give you corners to make your own. The Resort Beach location means walkable waterfront energy without the high-rise feel. Anyone comparing homes for sale zoned for First Colonial High School and homes for sale zoned for Cooke Elementary School will find this address lands in both zones.

More buyer questions

How far is 500 Winston Salem Ave #505 from Dam Neck Annex?

Dam Neck Annex is about six minutes by car from this address. That makes it one of the shorter commutes available this close to the Virginia Beach oceanfront.

How far is 500 Winston Salem Ave #505 from NAS Oceana?

NAS Oceana is roughly seven minutes away by car. Both bases are reachable without getting on a major highway.

Is 500 Winston Salem Ave #505 in a flood zone?

Flood zone information for this address is available in the FloodRisk tile on this page. Given the proximity to the oceanfront and marsh areas, reviewing that detail is a smart early step.

What is the square footage of unit 505 at 500 Winston Salem Ave?

The unit measures 2,798 square feet. That is a notably large footprint for a condo in this part of Virginia Beach.

Are there walkable restaurants near 500 Winston Salem Ave #505?

Yes — Rudee's Restaurant and Cabana Bar, The Dock Grill, and Docktails VB are all within two-tenths of a mile. You can reach all three on foot in under five minutes.

Want to see 500 Winston Salem Ave #505 in person? Tom and Dariya Milan can walk you through every room and answer your questions about the Resort Beach area.

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

How Far Is?

Driving distance by road and typical drive time via Google Maps, to the nearest location of each. Straight-line distances in “What’s nearby” are shorter.

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

Virginia Beach$805K – $1.1M4+ beds

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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

7.4 ft above sea level

0.6 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\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.

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

VA Beach homes for sale →

Location intelligence

What's nearby

Location & Neighborhood

Distances are straight-line (as the crow flies) from this property, not driving miles. Places within ~1 mile, nearest first. Powered by Google Places.

Military Commute

Drive times to nearest bases

Dam Neck

Navy

18min·8.2mi

NAS Oceana

Navy

15min·6.2mi

Little Creek

Navy

30min·17.1mi

USCG Finance Ctr

Coast Guard

29min·22mi

USCG Portsmouth

Coast Guard

27min·20.1mi

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

Payment Calculator

Estimates only — taxes come from the public record; confirm rates with your lender. VA-eligible buyers: $0-down financing may apply.

Estimate your monthly payment

$5,779/mo

Principal & interest

$4,929

Property tax

$573

Home insurance

$277

PMI

None

HOA/Condo (paid separately)

$1,846

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

Comparables

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.

707 Carolina AVE · 0.3 mi · 2,700 sqft$1,049,000 sold 2026-03
604 Croatan CT · 0.6 mi · 2,826 sqft$1,125,000 sold 2026-09
533 Vanderbilt AVE · 0.7 mi · 2,800 sqft$1,260,000 sold 2026-06

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

Sale & Tax History

List Price

$950,000

Price / Sq Ft

$340

Annual Taxes

$6,871

Monthly Tax

$573

Condo fee

$1,846 / mo

Tax Rate (effective)

0.72%

Sale Timeline (this listing)

EventDatePriceDetail
ListedOct 23, 2026$950,000—
Currently listed—$950,000—

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

Days on market reflects pricing, season, and inventory — compare it against similar nearby homes below before reading anything into it.

Questions buyers ask

Is 500 Winston Salem Ave Ave #505 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 Ave #505 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 Ave #505 a waterfront property?+
Yes. The listing record shows: Deep Water,Lake,Navigable,Ocean.
Does 500 Winston Salem Ave Ave #505 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: Cable, Clubhouse, Elevator, Exercise Rm, Ground Maint, Pool, Security, Sewer, Trash Pickup, Water.
When was 500 Winston Salem Ave Ave #505 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

Listing courtesy of Cameron Elliott · AtCoastal Realty · REIN MLS #10658812

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

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500 Winston Salem Ave Ave #505, Virginia Beach — photo

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

Call or text (757) 777-7577

500 Winston Salem Ave Ave #505, Virginia Beach, Virginia 23451 · MLS #10658812 · 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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