Skip to main content
Virginia BeachLAKEVIEW PARK5016 Madeira Rd✓ Source: REIN MLS #10602142 · record updated Mar 25, 2026 · synced every 2 min · your inquiry is never resold
5016 Madeira RD, VIRGINIABEACH VA 23455 - Main photo
$690,000
$198 / sqft · est. $4,164/mo →
6beds
5baths
3,483sqft
169days on market

5016 Madeira Rd, Virginia Beach, VA 23455

SoldResidential · built 1956 · LAKEVIEW PARK

About this home

The listing, in the seller's words

This hidden gem in the heart of Virginia Beach has been newly staged and opened between the dining and family rooms, creating a brighter flow while maintaining its classic charm and versatile layout. With six bedrooms, five bathrooms, and a pool on almost one acre, the home offers exceptional space for multi-generational living or entertaining. The converted garage adds finished living space for an office, gym, or guest suite. Over $250,000 in upgrades include a new roof, updated flooring, renovated bathrooms, stainless steel appliances, and more. Mini-split systems serve the first floor, and central HVAC provides comfort upstairs. The large backyard offers privacy and a perfect setting for outdoor gatherings. Located minutes from Little Creek military base, Shore Drive beaches, and shopping, this property combines comfort and convenience. An assumable VA loan at 2.75% is available for qualified buyers.

Listing courtesy of Melissa Ly · Coldwell Banker Premier · REIN MLS #10602142

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Residential

Year built

1956

Price / sqft

$198

HOA

None

Taxes

$4,588/yr

County

Virginia Beach VA

Waterfront

Yes

MLS #

10602142

Interior

Bedrooms
6
Full baths
5
Approx. sqft
3,483
Stories
2
Flooring
Ceramic, Laminate/LVP
Ensuite bedrooms
3
First-floor bed & full bath
Yes
Total rooms
12
Other rooms
1st Floor Primary BR, Attic, Breakfast Area, In-Law Suite, PBR with Bath, Office/Study, Pantry, Porch, Rec Room, Spare Room, Utility Room
Interior features
Bar, Fireplace Wood, Scuttle Access, Walk-In Attic, Walk-In Closet
Appliances
220 V Elec, Dishwasher, Disposal, Dryer Hookup, Microwave, Elec Range, Refrigerator, Washer Hookup
Equipment
Cable Hookup
Accessibility
Main Floor Laundry

Construction & exterior

Style
Transitional
Subtype
Detached
Foundation
Slab
Roof
Asphalt Shingle
Exterior
Stone,Vinyl
Exterior features
Deck, Patio
Pool
In Ground Pool
Fencing
Back Fenced,Privacy,Wood Fence
Waterfront
Not Waterfront

Utilities & systems

Heating
Electric,Forced Hot Air,Zoned
Cooling
Central Air,Heat Pump,Zoned
Water heater
Electric
Water
City/County
Sewer
City/County

Lot, parking & ownership

Lot size
0.9400
Approx. acres
0.94
Subdivision
LAKEVIEW PARK
Zoning
R40
Ownership
Fee Simple
Garage
No
Parking
4 Space, Multi Car, Off Street, Driveway Spc
Possession
SETTLEMENT
Disclosures
Disclosure Statement, Owner Agent

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

Not in a designated hurricane evacuation zone.

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

Explore this neighborhood

Lake Shores

Lake Shores is a peaceful, established lakeside community known for its serene waterfront setting, mature landscaping, and convenient highway access to shopping and services.

$471K

Median sale · 12 mo

$242

Sold $/sq ft

20d

Days on market

9

For sale now

$109K

HH income

81.7%

Owner-occupied

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

Explore Lake Shores
Map of Lake Shores with neighborhood boundaryNeighborhood

Virginia Beach houses for sale

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

$4,164/mo

Principal & interest

$3,580

Property tax

$382

Home insurance

$201

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

131% of $524,800

City assessment record · taxes $4,588/yr

Land share of assessed value

42% — $220,000

Improvements $304,800 · 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

$515,000$850,000

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.

5021 Madeira RD · 0.1 mi · 3,661 sqft$730,000 sold 2026-05
816 Mariposa CT · 0.7 mi · 3,185 sqft$610,000 sold 2026-03
5484 Memorial DR · 1.1 mi · 3,721 sqft$850,000 sold 2026-05

Sale & Tax History

List Price

$690,000

Price / Sq Ft

$198

Annual Taxes

$4,588

Monthly Tax

$382

HOA

None

Tax Rate (effective)

0.66%

Sale Timeline (this listing)

EventDatePriceDetail
ListedNov 21, 2025$690,000
SoldMar 16, 2026$690,000

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

31% above assessment

Total Assessed

$524,800

Land

$220,000

Improvement

$304,800

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 5016 Madeira Rd in a good school zone?+
The assigned zones on the listing record are Hermitage Elementary (GreatSchools 8/10), Independence Middle (GreatSchools 6/10), Bayside (GreatSchools 4/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 5016 Madeira Rd 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 5016 Madeira Rd have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 5016 Madeira Rd built?+
It was built in 1956, 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 Melissa Ly · Coldwell Banker Premier · REIN MLS #10602142

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.

This home has sold

Curious what it means for your own plans? Ask about similar homes nearby, or what your home might sell for in this market.

This one's sold — the next one doesn't have to be.

5016 Madeira Rd, Virginia Beach, Virginia 23455 · MLS #10602142 · 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.