11 days on market
$550,000
501 Grayson Way
Chesapeake, Virginia 23320
MLS# 10633747 · OAK GROVE MEADOWS · Chesapeake VA
Updated 3 days ago · Source: REIN MLS
Est. payment
$3,380/mo
Edit below
Price / sq ft
$256
2,152 sq ft
Days on market
11
New listing
HOA
None
Year built
1995
31 yrs old
Beds
4
Full Baths
2
Half Baths
1
Sq Ft
2,152
Garage
Yes
Schools
- ElementaryB.M. Williams Primary—
- MiddleGreenbrier Middle School6/10
- 3/10
Info provided by GreatSchools
About this home
Welcome to Oakbrook Meadows, centrally located in Greenbrier with easy access to shopping, dining, and major highways. This well-maintained home offers comfort and convenience with an HVAC replaced 2 years ago and a hot water heater less than a year old. Spacious bedrooms include a generous primary suite with a large walk-in closet. New LVP flooring flows throughout the main level, highlighting a bright, open-concept…
Listed by Kelsie Edwards · The Real Estate Group
VaHome Team property overview
501 Grayson Way is a 4-bedroom, 2.5-bath single-family home in Oak Grove Meadows, Chesapeake, Virginia — 2,152 square feet on a quarter-acre lot, built in 1995, and just two minutes from USCG Finance Center Chesapeake.
Read full property overview ↓Show less ↑
Why this home stands out
What sets 501 Grayson Way apart is the combination of generous square footage, a well-proportioned 0.24-acre lot, and an almost unbeatable position relative to USCG Finance Center Chesapeake — two minutes door to gate. Add a half-bath for guests, four true bedrooms, and a quiet cul-de-sac-style street in an established subdivision, and you have a home that checks a lot of boxes without compromise.
OAK GROVE MEADOWS and the Chesapeake real estate market
Oak Grove Meadows is one of those established Chesapeake subdivisions that earns its reputation quietly — mature trees lining the streets, well-kept yards, and neighbors who tend to stay a while. The homes here were built largely through the 1990s, giving the neighborhood a cohesive character without feeling cookie-cutter. Streets are calm enough for evening walks, and the lots are generous enough that you're not living on top of your neighbors. If you've been searching for homes in chesapeake that offer suburban breathing room without sacrificing convenience, Oak Grove Meadows consistently shows up on that short list. Chesapeake itself is Virginia's second-largest city by land area, which translates to a lifestyle that feels spacious — parks, waterways, and open space woven throughout. The Great Dismal Swamp National Wildlife Refuge sits to the west, and the broader Hampton Roads metro keeps everything from major employers to entertainment within easy reach.
What's nearby
Daily life runs smoothly from Grayson Way. Grocery runs are quick — a Kroger and a Food Lion are both within a few miles, and a Target sits close by for everything else. Grab a morning coffee at a nearby Starbucks or one of the local cafés along Battlefield Boulevard. For green space, Chesapeake City Park offers trails, a fitness area, and open fields just a short drive away. The Chesapeake Square Mall corridor puts dining, retail, and a movie theater within easy reach. Norfolk Naval Shipyard is a 14-minute commute, making this address practical for dual-military or multi-base households as well.
For different buyers
For military families relocating
Two minutes to USCG Finance Center Chesapeake is hard to beat — and that's exactly what 501 Grayson Way offers. Whether you're using a VA loan to make the purchase work or running the numbers on BAH for this zip code, the location alone saves real time every duty day. Norfolk Naval Shipyard is 14 minutes out, so dual-military households have solid options from this address too.
For families upgrading
Four bedrooms and 2,152 square feet give a growing family room to spread out — dedicated spaces for work, play, and guests without anyone feeling crowded. The 0.24-acre lot means there's genuine outdoor space for kids, a garden, or weekend cookouts. Oak Grove Meadows has the kind of settled, neighborhood feel that makes it easy to put down roots and stay a while.
Frequently asked questions
How far is 501 Grayson Way from USCG Finance Center Chesapeake?
About two minutes by car — it's one of the closest residential streets to the base gate. For active-duty or civilian personnel assigned there, the daily commute is essentially a non-issue.
How far is 501 Grayson Way from Norfolk Naval Shipyard?
Norfolk Naval Shipyard is approximately 14 minutes away under normal traffic conditions, making this address a practical option for shipyard-assigned personnel or contractors.
What is the lot size at 501 Grayson Way?
The lot measures 0.24 acres — a quarter-acre that provides meaningful outdoor space while remaining manageable to maintain.
Is 501 Grayson Way in an HOA?
Oak Grove Meadows does have an HOA; buyers should request the current HOA documents during due diligence to review any rules and responsibilities.
Is 501 Grayson Way in a flood zone?
Flood zone status for this address is displayed in the FloodRisk tile on this page — check there for the current FEMA designation and any insurance implications.
Want to walk through 501 Grayson Way in person or have questions about Oak Grove Meadows? Tom and Dariya Milan at LPT Realty are ready to help — reach out anytime.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Location & Street View
501 Grayson WAY, Chesapeake
Map and Street View imagery © Google. Imagery may not be current.
Map data ©Google. Click and drag inside the map to explore the surrounding area.
Flood Risk
Property Details
Bedrooms
4
Full Baths
2
Half Baths
1
Approx Sq Ft
2,152
Stories
2
Fireplaces
0
Flooring
Carpet, Ceramic, Laminate/LVP
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
Dishwasher, Disposal, Dryer, Dryer Hookup, Microwave, Elec Range, Refrigerator, Washer, Washer Hookup
Sale & Tax History
List Price
$550,000
Price / Sq Ft
$256
Annual Taxes
$4,390
Monthly Tax
$366
HOA
None
Tax Rate (effective)
0.80%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | May 8, 2026 | $550,000 | — |
| Currently listed | — | $550,000 | — |
Public-Records Assessment
Source: City Assessor via Hampton Roads Regional Parcels. Fetched May 19, 2026.
Total Assessed
$434,700
Land
$165,000
Improvement
$269,700
Parcel ID: 0378002000140
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:
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.
About buying in Chesapeake
Chesapeake is Virginia's second-largest city by area and offers a mix of suburban subdivisions, rural acreage, and waterfront properties along the Intracoastal Waterway. Western Branch, Greenbrier, and Great Bridge are among the most sought-after neighborhoods, with top-rated public schools and easy access to I-64 and the Chesapeake Expressway. The city is known for lower property taxes and larger lot sizes compared to neighboring Virginia Beach and Norfolk, which makes it especially attractive to families looking for more space.
Military Commute
Drive times to nearest basesDrive 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.
Estimate your monthly payment
$3,380/moPrincipal & interest
$2,854
Property tax
$366
Home insurance
$160
PMI
None
HOA
None
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.
Listed by The Real Estate Group · MLS# 10633747
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$550,000
501 Grayson WAY, CHESAPEAKE VA 23320
Chesapeake, Virginia 23320
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