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Norfolk › BAY POINT › 5049 Ocean Way✓ Source: REIN MLS #10644447 · record updated Oct 2, 2026 · synced every 2 min · your inquiry is never resold
5049 Ocean WAY, NORFOLK VA 23518 - Main photo
4beds
2.1baths
2,850sqft
64days on market

5049 Ocean Way, Norfolk, VA 23518

SoldResidential · built 2001 · BAY POINT

Facts & features

Type

Residential

Year built

2001

Price / sqft

$263

HOA fee

$14/mo

Taxes

$8,939/yr

County

Norfolk VA

MLS #

10644447

Interior

Bedrooms
4
Full baths
2
Half baths
1
Approx. sqft
2,850
Stories
2
Flooring
Bamboo, Ceramic
Ensuite bedrooms
1
Total rooms
8
Other rooms
Attic, Balcony, Foyer, Loft, PBR with Bath, Pantry, Porch
Appliances
Dishwasher, Disposal, Dryer, Dryer Hookup, Microwave, Elec Range, Refrigerator, Washer, Washer Hookup
Equipment
Ceiling Fan

Construction & exterior

Style
Transitional
Subtype
Detached
Foundation
Crawl
Roof
Asphalt Shingle
Exterior
Vinyl
Pool
No Pool
Fencing
Back Fenced,Full

Utilities & systems

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

Lot, parking & ownership

Subdivision
BAY POINT
Ownership
Fee Simple
Garage
Yes
Parking
Garage Att 2 Car, 2 Space, Off Street, Driveway Spc
Possession
SETTLEMENT
Disclosures
Common Interest Community

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

About this home

Tucked away on a quiet cul-de-sac in Bay Breeze Point, this beautifully updated home offers the coastal lifestyle you've been searching for. Just a short stroll or golf cart ride away to the neighborhood beach access and local East Beach shops. The natural light fills the home, showcasing stunning bamboo floors, a beautifully remodeled kitchen with quarts countertops, an induction stove and wall mounted oven/microwave combo (2017). A primary suite featuring a renovated bath with dual vanities, a floating bathtub and large walk in shower (2017). Just off the main living area, step onto a spacious composite deck overlooking mature landscaping, inviting you for morning coffee or outdoor dining. Just minutes from local restaurants, breweries, marinas, military bases, shopping, Norfolk Int Airport, this move in ready home is positioned for you to enjoy the best of Ocean View living.

Listing courtesy of Mel Volland · EXP Realty LLC · REIN MLS #10644447

Tom & Dariya's overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · Brokered by LPT Realty

At a glance

Meet 5049 Ocean Way—a four-bedroom, two-bath home built in 2001 with 2,850 square feet of living space. You're just three minutes from JEB Little Creek-Fort Story and fourteen minutes from Naval Station Norfolk. This Norfolk home sits in a walkable neighborhood close to parks, restaurants, and shops.

Read the full overview ↓

Why this home stands out

Ocean Way offers genuine convenience without compromise. Four bedrooms and a full second bath give you room to spread out. The 2001 construction means thoughtful layouts and solid bones. You're walking distance to Pleasant Avenue Park and a short drive to waterfront dining at Surf Rider Bay Point and Longboards. Daily life here is easy—grocery shopping at Riffle Farms Market & Co-op, fitness options nearby, and quick access to both major military installations. Homes for sale in Norfolk rarely sit this close to base and neighborhood amenities at once.

BAY POINT and the Norfolk real estate market

Ocean Way sits in an active, accessible part of Norfolk. The streets here fill with neighbors who value proximity to work and play. You'll find tree-lined blocks, a mix of well-kept homes, and genuine walkability. Pleasant Avenue Park is a three-minute walk—perfect for morning runs or evening strolls. The neighborhood has the feel of an established community where people stay and invest. Norfolk itself is a major military and maritime hub with deep roots and steady growth. Getting around is straightforward: you're minutes from the bases, close to downtown Norfolk's restaurants and culture, and near the beaches of the East Coast. Anyone comparing homes for sale in 23518 will notice how this address balances quiet streets with real convenience. The city's job market, naval presence, and waterfront character make it a natural draw for people at every life stage.

What's nearby

You're surrounded by good eating and gathering spots. Surf Rider Bay Point is less than half a mile away—casual waterfront dining with bay views. Longboards East Beach Waterfront Dining and Tiki Bar and Magnolia and Marlin are both under a mile and perfect for weekend dinners. Riffle Farms Market & Co-op handles your grocery runs in under a mile. For fitness, East Beach Training Studio is 0.6 miles and Little Creek Gym is under a mile. Coffee and a pastry at COVA Brewing Company or 7-Eleven takes just a few minutes. Three parks within walking distance—Pleasant Avenue Park, Garden Pergola Park, and East Beach Fountain Square and Park—round out the picture.

For different buyers

Base commute and VA loan notes

JEB Little Creek-Fort Story is three minutes away by car. Naval Station Norfolk sits fourteen minutes out. VA loan financing is standard here and moves quickly. The home's 2001 build and solid layout mean you can close and settle in without major surprises. Four bedrooms give you flexibility for home office, guest room, or whatever your household needs.

Room to grow

Four bedrooms and two full baths let everyone have their own space. The 2,850-square-foot layout spreads across a sensible floor plan—no cramped corners. A fenced yard gives kids and pets room to play safely. Storage is built in throughout. The neighborhood's parks and walkability mean your household can bike, walk, or play outside without a car. Riffle Farms and the restaurants nearby make weeknight cooking and weekend outings simple.

More buyer questions

How far is 5049 Ocean Way from JEB Little Creek-Fort Story?

About three minutes by car. It's one of the closest residential addresses to the base in Norfolk.

What is the drive time to Naval Station Norfolk?

Roughly fourteen minutes, depending on traffic. You're well-positioned for either base commute.

Are there parks within walking distance?

Yes. Pleasant Avenue Park is a three-minute walk, and Garden Pergola Park and East Beach Fountain Square and Park are both under half a mile away.

Where can I find groceries and restaurants nearby?

Riffle Farms Market & Co-op is 0.6 miles for groceries. Surf Rider Bay Point, Longboards, and Magnolia and Marlin are all under a mile for dining.

What schools are nearby if I'm comparing homes for sale zoned for Lake Taylor High School and homes for sale zoned for Ghent School?

This address is zoned for both. Check the Schools tile on this page for full details on ratings, programs, and boundaries.

Ready to explore 5049 Ocean Way? Contact Tom & Dariya Milan at LPT Realty to schedule a tour and learn more about this Norfolk home.

Summary generated by AI from public records and publicly available information.

Homes like this one sell fast — see the next one first

Norfolk$635K – $865K4+ beds

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Schools

VaHome School Score

Our own 1–10 rating, scored from Virginia Department of Education data.

VaHome School Score — calculated by VaHome.com from Virginia Department of Education assessment, progress, and attendance data. Attendance zones come from the MLS listing record; confirm the current zone with the school division before making an offer.

Flood & environment

FEMA flood zone X · outside the high-risk area · FIRM 510104

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Evacuation Zone C

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

Explore this neighborhood

Broad Bay Point Greens

Broad Bay Point Greens is a waterfront golf-course neighborhood in the Great Neck area of Virginia Beach. It sits just off Great Neck Road, bordered by Broad Bay and Dey Cove.

$1.18M

Median sale · 12 mo

$336

Sold $/sq ft

11d

Days on market

2

For sale now

$186K

HH income

94.5%

Owner-occupied

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

Explore Broad Bay Point Greens →
Map of Broad Bay Point Greens with neighborhood boundaryNeighborhood

Norfolk homes 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

$4,855/mo

Principal & interest

$3,892

Property tax

$745

Home insurance

$219

PMI

None

HOA/Condo (paid separately)

$14

Estimate only. Association (HOA/condo) fees are paid separately and are not included in the payment above. 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

103% of $726,800

City assessment record · taxes $8,939/yr

Land share of assessed value

31% — $222,100

Improvements $504,700 · assessor record ✓

Price context — similar nearby homes

$775,000 – $1,116,000

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.

4764 Pleasant AVE · 0.1 mi · 3,100 sqft$858,000 sold 2026-04
9525 Marina DR · 0.1 mi · 2,583 sqft$1,116,000 sold 2026-08
4703 Pleasant AVE · 0.2 mi · 3,139 sqft$825,000 sold 2026-05

Own a home nearby? See what it is worth today — What's your Norfolk home worth?

Sale & Tax History

List Price

$750,000

Price / Sq Ft

$263

Annual Taxes

$8,939

Monthly Tax

$745

HOA fee

$14 / mo

Tax Rate (effective)

1.19%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJul 30, 2026$750,000—
Price reducedOct 2, 2026$750,000−$10,000
SoldSep 30, 2026$750,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

Asking near assessment

Total Assessed

$726,800

Land

$222,100

Improvement

$504,700

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:

Norfolk 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

Is 5049 Ocean Way in a good school zone?+
The assigned zones on the listing record are Lake Taylor School, Azalea Gardens Middle, Lake Taylor (VaHome School Score 1.9/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 5049 Ocean 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 5049 Ocean Way have an HOA?+
Yes — HOA dues are on record for this property (the current amount is shown in the facts section on this page). The association of record is N/A.
When was 5049 Ocean Way built?+
It was built in 2001, 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

Brokered by LPT Realty · Hampton Roads · answer their own phone

✓ Your inquiry goes to Tom & Dariya — never sold to strangers

Listing courtesy of Mel Volland · EXP Realty LLC · REIN MLS #10644447

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.

5049 Ocean Way, Norfolk — photo

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

5049 Ocean Way, Norfolk, Virginia 23518 · MLS #10644447 · 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.

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