505 Summer Lake Ln was listed for sale on Aug 18, 2026. The last list price was $535,000. It came off the market on Nov 10, 2026. It is not listed for sale in the REIN MLS.
Beautifully updated four-bedroom, two-and-a-half-bath home in the Ocean Lakes area of Virginia Beach! The redesigned kitchen is the heart of the home, featuring an open layout, expanded island, abundant cabinetry and updated appliances. Neutral luxury vinyl plank flooring flows throughout the home, while the rebuilt staircase with custom treads adds a distinctive finishing touch. The spacious primary suite offers a custom closet system and an updated bathroom with dual sinks and a large tiled shower. Additional highlights include generously sized bedrooms, updated lighting, a stone-accented fireplace, newer appliances, pull-down attic access and excellent storage. Outside, enjoy a fenced, low-maintenance backyard with an attractive paver patio, exterior lighting and a separate dog run. An irrigation well supplies an exterior spigot for convenient lawn and garden watering. The refrigerator, washer, dryer, wine cooler and window blinds convey. Quiet street near bases and beaches!
Listing courtesy of Debra Marable · The Real Estate Group · REIN MLS #10649703
Facts & features
TypeResidential
Year built1995
Price / sqft$236
HOA fee$36/mo
Taxes$4,716/yr
CountyVirginia Beach VA
MLS #10649703
HOA association includes
ClubhousePlaygroundsPool
$36/mo HOA fee · per the REIN MLS listing record. Confirm inclusions with the association.
Meet 505 Summer Lake Lane—a four-bedroom, two-bath home built in 1995 with 2,265 square feet of comfortable living space. You're just minutes from Dam Neck Annex and NAS Oceana, surrounded by parks and local dining. This is the kind of home that anchors homes for sale in 23454.
The layout gives you room to spread out: four bedrooms mean a master suite, guest rooms, and a home office or flex space. Two full baths plus a powder room keep mornings smooth. The 1995 construction brings solid bones and a mature neighborhood feel. Parks are within walking distance, and restaurants like COCO's Cuisine and the Galley are nearby. You're close enough to base commutes to make daily life simple.
OCEAN LAKES and the Virginia Beach real estate market
Summer Lake Lane sits in a residential pocket of Virginia Beach where tree-lined streets and family-friendly blocks are the norm. The neighborhood centers around easy access to parks—Ocean Lakes Park is just a short walk away. You'll find a real mix of homes and a sense of community that comes from established streets. Virginia Beach itself is a sprawling city of over 450,000 people, with beaches to the east, Naval Station Norfolk to the north, and a strong military presence woven throughout. Getting around is straightforward: major roads like General Booth Boulevard and Independence Boulevard connect you to shopping, dining, and the waterfront. If you are comparing Virginia Beach homes for sale, note that this zip code offers a balance—close to bases, close to parks, and far enough inland to feel like a quiet neighborhood.
What's nearby
Ocean Lakes Park sits just 0.4 miles away, perfect for a quick walk or afternoon outing. COCO's Cuisine and the Galley are both within half a mile, giving you dinner options without a long drive. Dam Neck Fitness Center is 0.6 miles out if you want a gym nearby. Pine Meadows West Park and Pine Meadows Park extend your recreation choices. Panda Express rounds out casual dining options. The whole area feels connected but not crowded.
For different buyers
Base commute and VA loan notes
Dam Neck Annex is just two minutes away, and NAS Oceana is nine minutes out—both short enough for a manageable commute. VA loan financing is common in this zip code. Four bedrooms and two baths give you flexibility for a household that needs space.
Room to grow
Four bedrooms mean a master suite, two guest rooms, and a dedicated office or playroom. The 2,265 square feet layout flows well for a household that needs room to grow. Two full baths plus a powder room cut down on morning conflicts. A mature neighborhood with nearby parks gives kids outdoor space without a long drive.
More buyer questions
How far is 505 Summer Lake Lane from Dam Neck Annex?
It's about two minutes away, making it one of the closest neighborhoods to the base for a short commute.
What parks are nearby?
Ocean Lakes Park is just 0.4 miles away, and Pine Meadows West and Pine Meadows Parks are within a mile. You've got plenty of outdoor space for recreation.
How many bedrooms does this home have?
The home has four bedrooms and 2.1 baths across 2,265 square feet, built in 1995.
Where can I eat near this address?
COCO's Cuisine, the Galley, and Panda Express are all within a half-mile walk or short drive.
Are there homes for sale zoned for Ocean Lakes High School and homes for sale zoned for Ocean Lakes Elementary School in this area?
Yes—this zip code includes both homes for sale zoned for Ocean Lakes High School and homes for sale zoned for Ocean Lakes Elementary School.
Ready to explore 505 Summer Lake Lane? Contact Tom & Dariya Milan today to schedule a showing and discover your next home.
Summary generated by AI from public records and publicly available information.
Schools · VaHome School ScoreAssigned schools
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.
How Far Is?
Driving distance by road and typical drive time via Google Maps, to the nearest location of each.
Also nearby
Distances are straight-line (as the crow flies) from this property, not driving miles. Places within ~1 mile, nearest first. Powered by Google Places.
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Military Commute
Drive times to nearest bases
⚓
Dam Neck
Navy
7min·2.3mi
⚓
NAS Oceana
Navy
16min·5.3mi
⚓
Little Creek
Navy
34min·20mi
🚢
USCG Finance Ctr
Coast Guard
33min·17.4mi
⚓
NNSY
Navy
38min·24.1mi
Typical drive times from Google Maps, without live traffic. Rush hour and tunnel backups can add time.
Flood & environmentFlood risk (FEMA)
FEMA flood zone X · outside the high-risk area · FIRM 515531
🌊 Flood Risk (FEMA)
Source: FEMA National Flood Hazard Layer · FIRM 515531
Low / Moderate Risk
FEMA flood zone
X (low to moderate risk)
Base flood elevation
Not applicable in low-risk zones
Zone X is outside the Special Flood Hazard Area; FEMA doesn’t define a BFE here.
Property elevation
6.3 ft above sea level
USGS 3DEP digital elevation model
Outside the high-risk Special Flood Hazard Area. Federal flood insurance is NOT required, though optional preferred-rate NFIP coverage is still worth considering in coastal Hampton Roads.
Data sources: Flood zone and base flood elevation come from FEMA’s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service — actual elevations across a single property can vary by several feet higher or lower than the figure shown. Use these numbers as a starting reference and do your own due diligence (a professional survey or elevation certificate) before relying on them for any financial, insurance, or construction decision.
South Shore Estates is a lakefront area in southeast Virginia Beach. It sits off General Booth Boulevard near Nimmo Parkway and the Red Mill area, in the 23454 zip code.
$799KMedian sale · 12 mo
$263Sold $/sq ft
14dDays on market
1For sale now
$128KHH income
85.9%Owner-occupied
REIN MLS closed sales, trailing 12 mo · U.S. Census ACS 2024 5-year
Last list price vs. assessment110% of $486,200City assessment record · taxes $4,716/yr
Land share of assessed value36% · $175,000Improvements $311,200 · assessor record ✓
Price context: similar nearby homes$580,000 – $1,005,000The 6 most similar homes nearby (same city, within ~20% of this size, ~2.5 mi; 6 sold). Context for the last list price, not an appraisal or an estimate of this home's value.
Source: City Assessor via Hampton Roads Regional Parcels.
10% above assessment
Total Assessed
$486,200
Land
$175,000
Improvement
$311,200
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.
CompareThis home next to what else is for sale nearby
Home
Price
Beds
Baths
Sqft
$ / sqft
505 Summer Lake Lnthis home, last list price
$535,000
4
2.1
2,265
$236
Loading nearby homes for sale…
Active comparables from the REIN MLS, the same homes shown under Comparable Properties. Context for judging the asking price, not an appraisal.
Questions about this home
Is 505 Summer Lake Ln in a good school zone?
The assigned zones on the listing record are Ocean Lakes Elementary (VaHome School Score 7.5/10), Corporate Landing Middle (VaHome School Score 6.5/10), Ocean Lakes (VaHome School Score 8.2/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 505 Summer Lake Ln 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 505 Summer Lake Ln 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. Association amenities on record include: Clubhouse, Playgrounds, Pool.
When was 505 Summer Lake Ln built?
It was built in 1995, per the listing record.
Answers generated from the listing record, verified school zones, FEMA data, and cached nearby-places data. Never invented.
Off the marketSee what this home is worth now
This home is not listed for sale in the REIN MLS. The home value tool estimates a current value from recent nearby sales.
Listing courtesy of Debra Marable · The Real Estate Group · REIN MLS #10649703
505 Summer Lake Ln, Virginia Beach, Virginia 23454 · MLS #10649703 · 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.
