9 days on market
$2,760,000
502 W Holly Rd
Virginia Beach, Virginia 23451
MLS# 10633103 · BAY COLONY · Virginia Beach VA
Updated 4 days ago · Source: REIN MLS
Est. payment
$16,242/mo
Edit below
Price / sq ft
$488
5,654 sq ft
Days on market
9
New listing
HOA
None
Year built
1951
75 yrs old
Beds
5
Full Baths
4
Half Baths
1
Sq Ft
5,654
Garage
Yes
About this home
Luxury and comfort meet in this stunning home in an unbeatable location. Close to the oceanfront, ideally situated on the 2nd green/3rd tee of the PACC. Offering appx 5654 sqft of living space, this spacious, beautifully maintained property features 5 bedrooms and 4 1/2 baths. The thoughtfully designed layout includes main floor primary and guest suites, providing comfort and convenience. You'll find hardwood floors…
Listed by Keith Smedley · Atkinson Realty
VaHome Team property overview
502 W Holly Rd is a five-bedroom, four-and-a-half-bath home on more than half an acre in Bay Colony — one of Virginia Beach's most established oceanfront-adjacent neighborhoods — offering over 5,100 square feet of living space in a setting that's hard to replicate anywhere on the East Coast.
Read full property overview ↓Show less ↑
Why this home stands out
What sets 502 W Holly Rd apart is the combination of sheer scale and location rarity. A 5,100-square-foot footprint on a 0.62-acre lot — in a neighborhood that sits steps from the Atlantic — is genuinely uncommon in Virginia Beach. Built in 1951, the home carries the bones of mid-century construction while offering the room count and layout flexibility that larger families or remote-working households actually need day to day.
BAY COLONY and the Virginia Beach real estate market
Bay Colony sits at the northern end of the Virginia Beach Oceanfront, tucked between the Atlantic shore and the Chesapeake Bay shoreline corridor. It's one of the city's older, more established residential pockets — the kind of neighborhood where mature trees line wide lots and neighbors have been here long enough to know each other by name. When people search for bay colony virginia beach, they're usually looking for exactly this: a quieter, more residential alternative to the dense condo strips further south, but still within easy walking distance of the beach, the boardwalk energy, and the restaurants and shops that make the Oceanfront worth living near. The streets here feel unhurried. Lots are generous. The housing stock skews toward larger single-family homes rather than townhomes or condos, which gives the neighborhood a grounded, permanent feel. Virginia Beach as a whole is one of the most populous cities on the East Coast, but Bay Colony manages to feel like a genuine neighborhood within it — the kind of place you move to and stay.
What's nearby
Daily life at 502 W Holly Rd is remarkably walkable for a Virginia Beach address. TASTE is just 0.2 miles away and pulls triple duty as a grocery stop, restaurant, and coffee shop — a genuinely convenient anchor. Driftwood Kitchen and Pelon's Baja Grill Oceanfront are also within a two-minute walk for evenings when cooking isn't the plan. Harris Teeter is 0.6 miles out for a full grocery run. For fitness, Hillier Ignite Fitness Park, Bike Spot, and ReStormi Pilates are all within half a mile. Muscle Beach and Cavalier Grand Lawn give you outdoor options nearby, and the Virginia Beach Law Enforcement Officers Memorial is just 0.3 miles away.
For different buyers
For military families relocating
NAS Oceana is roughly eight minutes from the front door, and Dam Neck Annex is about ten — both without highway driving. For military households, that kind of proximity matters enormously when schedules shift without warning. A VA loan can make a home at this price point and square footage more accessible than many buyers expect, and BAH rates in the Virginia Beach area have historically supported strong housing budgets for mid-to-senior paygrades.
For families upgrading
Five bedrooms and four and a half baths across 5,100 square feet means everyone gets space — and then some. The 0.62-acre lot gives kids room to actually run around, which is increasingly rare this close to the Oceanfront. If you've outgrown your current home and want to stay in Virginia Beach without sacrificing yard space or proximity to the water, this address checks boxes that are genuinely difficult to find in combination.
Frequently asked questions
How far is 502 W Holly Rd from NAS Oceana?
NAS Oceana is approximately eight minutes from 502 W Holly Rd under normal traffic conditions. The route is straightforward and doesn't require significant highway time.
How far is 502 W Holly Rd from Dam Neck Annex?
Dam Neck Annex is about ten minutes away — a short, manageable commute that makes this address practical for personnel assigned to either installation.
What is the lot size at 502 W Holly Rd?
The lot measures approximately 0.6185 acres, which is notably large for a property this close to the Virginia Beach Oceanfront and is one of the address's defining characteristics.
Is 502 W Holly Rd in a flood zone?
Flood zone information for this address is available in the FloodRisk tile on this page, which pulls current FEMA map data for the parcel.
What neighborhood is 502 W Holly Rd located in?
The home is located in Bay Colony, a well-established residential neighborhood at the northern end of the Virginia Beach Oceanfront known for its larger lots, mature landscaping, and proximity to the Atlantic shore.
Ready to get a closer look at 502 W Holly Rd? Tom and Dariya Milan at LPT Realty know Bay Colony well — reach out and they'll walk you through everything.
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
5
Full Baths
4
Half Baths
1
Approx Sq Ft
5,654
Stories
2
Fireplaces
0
Flooring
Carpet, Ceramic, Wood
Heating
Cooling
Laundry
Interior Features
Dual Entry Bath (Br & Br), Fireplace Gas-natural, Fireplace Wood, Primary BR FP, Primary Sink-Double, Pull Down Attic Stairs, Walk-In Closet, Window Treatments
Appliances
220 V Elec, Dishwasher, Disposal, Dryer, Energy Star Appliance(s), Microwave, Gas Range, Refrigerator, Washer
Sale & Tax History
List Price
$2,760,000
Price / Sq Ft
$488
Annual Taxes
$13,386
Monthly Tax
$1,116
HOA
None
Tax Rate (effective)
0.48%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | May 27, 2026 | $2,760,000 | — |
| Currently listed | — | $2,760,000 | — |
Public-Records Assessment
Source: Virginia Beach via Hampton Roads Regional Parcels. Fetched May 8, 2026.
Total Assessed
$1,380,100
Land
$845,000
Improvement
$535,100
Parcel ID: 24188387020000 · View on city GIS portal
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
$16,242/moPrincipal & interest
$14,321
Property tax
$1,116
Home insurance
$805
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 Atkinson Realty · MLS# 10633103
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$2,760,000
502 W Holly RD, VIRGINIABEACH VA 23451
Virginia Beach, Virginia 23451
Request InfoQuick Facts
Schedule a tour
In-person or videoClick a day to pick a time