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NorfolkBAY POINT5049 Ocean Way✓ Source: REIN MLS #10644447 · record updated Aug 26, 2026 · synced every 2 min · your inquiry is never resold
5049 Ocean WAY, NORFOLK VA 23518 - Main photo
5049 Ocean WAY, NORFOLK VA 23518 - Photo 2
5049 Ocean WAY, NORFOLK VA 23518 - Photo 3
5049 Ocean WAY, NORFOLK VA 23518 - Photo 4
5049 Ocean WAY, NORFOLK VA 23518 - Photo 5
4beds
2.1baths
2,850sqft
41days on market

5049 Ocean Way, Norfolk, VA 23518

Under ContractResidential · built 2001 · BAY POINT

Facts & features

Type

Residential

Year built

2001

Price / sqft

$267

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

A four-bedroom, 2.1-bath home built in 2001 with 2,850 square feet, sitting minutes from the water and three minutes from JEB Little Creek-Fort Story — one of the most base-convenient addresses you'll find among Norfolk homes for sale.

Read the full overview ↓

Why this home stands out

What sets 5049 Ocean Way apart is the combination of serious square footage and an almost unbeatable military commute. At 2,850 square feet, there's genuine room to spread out — four bedrooms, a half bath on the main level, and space that doesn't feel like a compromise. Layer on a three-minute drive to JEB Little Creek-Fort Story and a fourteen-minute run to Naval Station Norfolk, and this address does a lot of heavy lifting for households that care about both space and base access.

BAY POINT and the Norfolk real estate market

Ocean Way sits in the East Beach corridor of Norfolk — a neighborhood that trades city-grid density for a more relaxed, coastal pace without actually being far from anything. The streets here feel residential and unhurried, but you're still firmly inside Norfolk, with all the infrastructure and amenities that implies. East Beach itself is a planned community that brought new construction and walkable green space to this corner of the city in the early 2000s, and the area has matured nicely in the two-plus decades since. Neighbors tend to be a mix of military families, longtime locals, and people who discovered that waterfront-adjacent living in this zip code punches well above its weight. If you're sorting through homes for sale in Norfolk and want a neighborhood that feels genuinely livable — not just convenient — East Beach and the Ocean Way block are worth a close look. Norfolk as a whole is a city of distinct neighborhoods, and this one earns its reputation.

What's nearby

Daily life is easy here. Riffle Farms Market & Co-op is just 0.6 miles away for fresh groceries, and Pleasant Avenue Park is a three-minute walk at 0.3 miles. Garden Pergola Park is another 0.4 miles out when you want a change of scenery. For dining, Surf Rider Bay Point is practically around the corner at 0.4 miles, and both Longboards East Beach Waterfront Dining and Tiki Bar and Magnolia and Marlin are within 0.6 miles — solid options for a weeknight out or a weekend with friends. COVA Brewing Company rounds out the social scene at 0.7 miles. Fitness is covered by East Beach Training Studio (0.6 mi), Fit Body Boot Camp (0.7 mi), and Little Creek Gym (0.9 mi). East Beach Fountain Square and Park ties the whole neighborhood together at 0.6 miles.

For different buyers

For military families relocating

Three minutes to JEB Little Creek-Fort Story is hard to beat — and at fourteen minutes to Naval Station Norfolk, this address works for dual-military households too. The VA loan is a natural fit here, and 2,850 square feet means there's room for everyone, including the gear, the guests, and the inevitable PCS boxes waiting to be unpacked. Families comparing homes for sale in 23518 will find this block genuinely competitive on commute time.

For families upgrading

Four bedrooms and 2,850 square feet give a growing family real breathing room — enough for dedicated office space, a playroom, or simply a guest room that doesn't double as storage. The East Beach neighborhood adds parks within walking distance and a dining scene that makes weekends feel like a reward. Families comparing homes for sale zoned for Lake Taylor High School and homes for sale zoned for Ghent School will find 5049 Ocean Way worth a serious look.

More buyer questions

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

The drive is roughly three minutes under normal conditions — about as close as you can get while still living in a proper residential neighborhood. It's one of the strongest commute advantages this address carries.

How far is 5049 Ocean Way from Naval Station Norfolk?

Naval Station Norfolk is approximately fourteen minutes away by car, making this address a workable option for sailors and civilians assigned there, especially for households that prioritize the shorter JEB Little Creek-Fort Story commute as primary.

What is the flood zone status for 5049 Ocean Way?

Flood zone information for this address is detailed in the FloodRisk tile on this page — check there for the current FEMA designation and what it means for insurance requirements.

Is there an HOA at 5049 Ocean Way?

East Beach is a planned community and does have an HOA — confirm current association details, rules, and any applicable fees directly with the listing agent or community management before making decisions.

What are the walkable amenities near 5049 Ocean Way?

Pleasant Avenue Park is just 0.3 miles away, Surf Rider Bay Point is 0.4 miles, and Riffle Farms Market & Co-op, Longboards East Beach Waterfront Dining and Tiki Bar, and East Beach Training Studio are all within 0.6 miles — a genuinely walkable daily radius for a Norfolk neighborhood.

Tom and Dariya Milan at LPT Realty know this corner of Norfolk well. Reach out to get straight answers about 5049 Ocean Way and what it takes to make it yours.

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

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

Norfolk$645K – $875K4+ 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 northeastern Virginia Beach, just off Great Neck Road and bordered by Broad Bay and Dey Cove.

$1.19M

Median sale · 12 mo

$351

Sold $/sq ft

9d

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

$4,910/mo

Principal & interest

$3,943

Property tax

$745

Home insurance

$222

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

105% 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

$400,000$1,210,000

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.

5022 Pleasant AVE · 0.1 mi · 2,608 sqft$730,000 sold 2026-07
9536 25th Bay ST · 0.3 mi · 3,000 sqft$1,210,000 sold 2026-05
9525 Marina DR · 0.1 mi · 2,583 sqft$1,116,000 sold 2026-08

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

Sale & Tax History

List Price

$760,000

Price / Sq Ft

$267

Annual Taxes

$8,939

Monthly Tax

$745

HOA fee

$14 / mo

Tax Rate (effective)

1.18%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJul 16, 2026$760,000
Price reducedAug 7, 2026$760,000−$10,000
Currently listed$760,000

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.

Schedule a private tour

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5049 Ocean Way, Norfolk — photo

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

Call or text (757) 777-7577

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.