8 days on market
$249,000
501 Ocean Trace Arch #303
Virginia Beach, Virginia 23451
MLS# 10636717 · BEACH BOROUGH · Virginia Beach VA
Updated Jun 6, 2026 · Source: REIN MLS
Est. payment
$1,552/mo
Edit below
Price / sq ft
$263
945 sq ft
Days on market
8
New listing
HOA
None
Year built
1987
39 yrs old
Beds
2
Full Baths
2
Half Baths
0
Sq Ft
945
Garage
No
About this home
Third floor 2 bedroom, 2 full bath condo near the beach, oceanfront, interstate, shopping, restaurants, gym and so much more. This is gated community has a covered bike storage area, a dog area, and a pool. The condo fee covers master insurance policy, trash, and grounds maintenance. Really cute and ready to go.
Listed by Terri Haynie · BHHS RW Towne Realty
VaHome Team property overview
Meet 501 Ocean Trace Arch #303 — a two-bedroom, two-bath condo in Virginia Beach offering 945 square feet of comfortable living space, built in 1987, just minutes from NAS Oceana and Dam Neck Annex with everyday conveniences practically at your door.
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Why this home stands out
What sets this third-floor unit apart is its location sweet spot: you're five minutes from NAS Oceana and eight minutes from Dam Neck Annex, yet you're also steps from Seatack North Park and a short walk to local dining and fitness options. For a 945-square-foot footprint, the two full baths are a genuine everyday convenience that larger households will appreciate.
BEACH BOROUGH and the Virginia Beach real estate market
Virginia Beach is one of the most livable coastal cities on the East Coast, and the Birdneck Road corridor where 501 Ocean Trace Arch sits reflects that well. The area has a low-key, established feel — not a resort strip, not a sprawling suburb, but a practical middle ground where military families, working professionals, and long-term residents all put down roots. People searching for homes for sale near Virginia Beach often land here once they discover how close this pocket is to both the oceanfront and the bases without carrying the premium of the beachfront zip codes. The city itself wraps you in a lifestyle that's hard to replicate: ocean breezes, year-round outdoor activity, a strong military community, and a surprisingly diverse dining and entertainment scene. Virginia Beach's Birdneck area in particular has matured into a neighborhood where daily life runs smoothly — groceries, parks, fitness, and food are all within half a mile.
What's nearby
Daily life is easy from #303. Seatack North Park is just 0.1 miles away — a genuine walk-out-the-door option for a morning stretch or an afternoon with kids. Surf Rider Birdneck and SMOKE SHACK are both 0.3 miles out when you want a sit-down meal, and Pizza Hut is equally close for a quick night in. Coffee is covered by Dunkin' and 7-Eleven within half a mile. For groceries, DG Market, Food Lion, and Amoco are all under 0.7 miles. Fitness options include The Heart Space, Corrective Kinesiology Health and Fitness, and GoodGood Studio — all within half a mile. Tidewater Veterans Memorial Park is 0.6 miles away for a longer walk or a moment of reflection.
For different buyers
For military families relocating
Five minutes to NAS Oceana and eight minutes to Dam Neck Annex makes 501 Ocean Trace Arch #303 one of the more strategically located condos in Virginia Beach for active-duty households. A VA loan can make ownership here straightforward, and the two-bedroom, two-bath layout handles the practical demands of military life — whether that means a dedicated home office or room for visiting family.
For first-time buyers
If you're stepping into ownership for the first time, a 945-square-foot two-bed, two-bath condo is a smart, manageable starting point. You get two full bathrooms — a genuine upgrade over the typical starter layout — plus a location in Virginia Beach where parks, groceries, and dining are all within easy reach. It's a low-friction entry into a city with strong long-term appeal.
Frequently asked questions
How far is 501 Ocean Trace Arch #303 from NAS Oceana?
NAS Oceana is approximately a five-minute drive from 501 Ocean Trace Arch #303, making this one of the closest residential options to the base in Virginia Beach.
How far is 501 Ocean Trace Arch #303 from Dam Neck Annex?
Dam Neck Annex is about eight minutes by car, a commute that fits comfortably within most duty-day schedules.
Is 501 Ocean Trace Arch #303 part of an HOA?
Yes, the property is part of a condominium association — HOA coverage typically includes exterior maintenance and common areas, though you'll want to confirm the specific inclusions during your review of the condo documents.
What is the flood zone status for 501 Ocean Trace Arch #303?
Flood zone designation for this address is displayed in the FloodRisk tile on this page — we recommend reviewing it alongside your insurance research before making decisions.
What parks are near 501 Ocean Trace Arch #303?
Seatack North Park is just 0.1 miles away, making it the closest option for a quick outdoor break, while Tidewater Veterans Memorial Park is 0.6 miles out for a more expansive green space.
Want to see #303 in person or have questions about the Virginia Beach condo market near NAS Oceana? Tom and Dariya Milan at LPT Realty are ready to help — reach out today.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Places within ~1 mile, ordered by distance from this property. Powered by Google Places.
Flood Risk
Property Details
Bedrooms
2
Full Baths
2
Half Baths
0
Approx Sq Ft
945
Stories
1
Fireplaces
0
Flooring
Carpet
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
Dishwasher, Dryer, Elec Range, Refrigerator, Washer
Sale & Tax History
List Price
$249,000
Price / Sq Ft
$263
Annual Taxes
$2,253
Monthly Tax
$188
HOA
None
Tax Rate (effective)
0.90%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | May 29, 2026 | $249,000 | — |
| Currently listed | — | $249,000 | — |
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:
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 Virginia Beach
Homes for sale in Virginia Beach, VA span every price point and lifestyle — from oceanfront condos along the famous Boardwalk to sprawling waterfront estates on the Lynnhaven River and Linkhorn Bay. As the largest city in Hampton Roads, Virginia Beach offers an unusually varied real estate market: established family neighborhoods in Great Neck (ZIP 23454), golf-course communities in Kempsville (23464), modern townhomes near Town Center (23462), and beach-cottage living along Sandbridge (23456). Whether you're searching for a starter home under $300K, a family home in a top-rated school district, or a luxury property north of $2 million, the active MLS inventory updates daily here. Buyer demand stays strong year-round, driven by Virginia Beach's mild coastal climate, the consistently top-ranked Virginia Beach City Public Schools (Kempsville High, Floyd E. Kellam High, Princess Anne High, and Cox High among them), and the city's role as home to Naval Air Station Oceana — the largest master jet base in the country. Military families relocating here through PCS orders make up a meaningful share of buyers, and VA loan financing is widely used. First-time buyers gravitate toward the inland ZIPs (23464, 23456, 23452), while second-home and luxury buyers tend toward 23451 (Oceanfront/North End) and 23454 (Great Neck/Bay Colony). Below you'll find every active Virginia Beach home for sale pulled live from the REIN MLS and refreshed every 5 minutes.
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
$1,552/moPrincipal & interest
$1,292
Property tax
$188
Home insurance
$73
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 BHHS RW Towne Realty · MLS# 10636717
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$249,000
501 Ocean Trace ARCH #303, VIRGINIABEACH VA 23451
Virginia Beach, Virginia 23451
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