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Virginia BeachOCEAN LAKES501 Hillshire Way✓ Source: REIN MLS #10636065 · record updated Jun 6, 2026 · synced every 2 min · your inquiry is never resold
501 Hillshire WAY, VIRGINIA BEACH VA 23454 - Main photo
$2,795
$2 / sqft · est. $15/mo →
3beds
2.1baths
1,459sqft
16days on market

501 Hillshire Way, Virginia Beach, VA 23454

RentedRental · built 1993 · OCEAN LAKES

About this home

The listing, in the seller's words

Solar home = LOW electric bills! Welcome to wonderful Ocean Lakes! Amenities galore await which include pool, tennis courts,playgrounds and more! This detached single family home offers updates throughout, large open floor plan and transitional living make this home easy to spread out. Neutral colors to match any decor, stainless steel appliance in the galley style kitchen. Private fenced back yard and green grass. Please reach out today for a video tour, approved applications will be able to walk through the unit before signing the lease. Welcome home!

Listing courtesy of Jeff Babb · AtCoastal Realty · REIN MLS #10636065

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Rental

Year built

1993

Price / sqft

$2

HOA

None

County

Virginia Beach VA

Waterfront

Yes

MLS #

10636065

Association amenities

PlaygroundsPoolTennis Cts

Interior

Bedrooms
3
Full baths
2
Half baths
1
Approx. sqft
1,459
Stories
2
Flooring
Carpet, Ceramic, Laminate/LVP
Other rooms
Breakfast Area, PBR with Bath
Appliances
Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer
Equipment
Attic Fan, Cable Hookup, Ceiling Fan

Construction & exterior

Style
Traditional
Foundation
Slab
Roof
Asphalt Shingle
Waterfront
Not Waterfront

Utilities & systems

Heating
Forced Hot Air, Heat Pump, Nat Gas
Cooling
Central Air, Heat Pump
Water heater
Gas
Water
City/County
Sewer
City/County

Lot, parking & ownership

Lot size
0.1257
Subdivision
OCEAN LAKES
Unit / floor
7
Garage
Yes
Parking
Garage Att 1 Car, 2 Space, Driveway Spc
Possession
IMMED

See more Virginia Beach homes under $200K.

Sources: REIN MLS record · city assessor · null fields are suppressed, never faked

Flood & environment

FEMA flood zone X · outside the high-risk area · FIRM 515531

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Evacuation Zone B

Source: Virginia Dept. of Emergency Management — Know Your Zone

Explore this neighborhood

South Shore Estates

South Shore Estates is a lakefront neighborhood in southeastern Virginia Beach, set off General Booth Boulevard near Nimmo Parkway and the Red Mill area, within the 23454 zip code.

$775K

Median sale · 12 mo

$263

Sold $/sq ft

14d

Days on market

2

For sale now

$128K

HH income

85.9%

Owner-occupied

REIN MLS closed sales, trailing 12 mo · U.S. Census ACS 2024 5-year

Explore South Shore Estates
Map of South Shore Estates with neighborhood boundaryNeighborhood

see more Virginia Beach homes

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

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

$15/mo

Principal & interest

$15

Property tax

$0

Home insurance

$1

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.

Value & history

Judge value on real ground

Asking vs. assessment

1% of $364,100

City assessment record

Land share of assessed value

46% — $166,000

Improvements $198,100 · assessor record ✓

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

$240,000$465,000

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.

1624 Sword Dancer DR · 0.3 mi · 1,452 sqft$349,000 sold 2026-06
789 Quesnel DR · 0.2 mi · 1,541 sqft$342,000 sold 2026-07
1614 Sword Dancer DR · 0.3 mi · 1,560 sqft$350,000 sold 2026-03

Sale & Tax History

List Price

$2,795

Price / Sq Ft

$2

Annual Taxes

N/A

Monthly Tax

N/A

HOA

None

Tax Rate (effective)

N/A

Sale Timeline (this listing)

EventDatePriceDetail
ListedMay 21, 2026$2,795
Price increasedJun 6, 2026$2,795+$50
SoldJun 6, 2026$2,795

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

99% below assessment

Total Assessed

$364,100

Land

$166,000

Improvement

$198,100

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.

Questions buyers ask

Real questions, answered from the record

Is 501 Hillshire Way in a good school zone?+
The assigned zones on the listing record are Ocean Lakes Elementary (GreatSchools 8/10), Corporate Landing Middle (GreatSchools 9/10), Ocean Lakes (GreatSchools 8/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 501 Hillshire Way in a flood zone?+
FEMA maps this parcel in Zone X, outside the high-risk Special Flood Hazard Area. See the flood section on this page for details and sources.
Does 501 Hillshire Way have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 501 Hillshire Way built?+
It was built in 1993, 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 Jeff Babb · AtCoastal Realty · REIN MLS #10636065

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.

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

Call or text (757) 777-7577

501 Hillshire Way, Virginia Beach, Virginia 23454 · MLS #10636065 · 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.