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Virginia Beach › OCEAN LAKES › 505 Summer Lake Ln✓ Source: REIN MLS #10649703 · record updated Sep 18, 2026 · synced every 2 min · your inquiry is never resold
505 Summer Lake LN, VIRGINIA BEACH VA 23454 - Main photo
505 Summer Lake LN, VIRGINIA BEACH VA 23454 - Photo 2
505 Summer Lake LN, VIRGINIA BEACH VA 23454 - Photo 3
505 Summer Lake LN, VIRGINIA BEACH VA 23454 - Photo 4
505 Summer Lake LN, VIRGINIA BEACH VA 23454 - Photo 5
4beds
2.1baths
2,265sqft
31days on market

505 Summer Lake Ln, Virginia Beach, VA 23454

ActiveResidential · built 1995 · OCEAN LAKES

Facts & features

Type

Residential

Year built

1995

Price / sqft

$249

HOA fee

$36/mo

Taxes

$4,716/yr

County

Virginia Beach VA

MLS #

10649703

HOA association includes

ClubhousePlaygroundsPool

$36/mo HOA fee · N/A · per the REIN MLS listing record — confirm inclusions with the association.

Interior

Bedrooms
4
Full baths
2
Half baths
1
Approx. sqft
2,265
Stories
2
Flooring
Ceramic, Laminate/LVP, Vinyl
Ensuite bedrooms
1
First-floor bed & full bath
Yes
Total rooms
8
Other rooms
Attic, Breakfast Area, Foyer, PBR with Bath, Pantry, Porch, Utility Room
Appliances
Dishwasher, Disposal, Dryer, Dryer Hookup, Elec Range, Refrigerator, Washer, Washer Hookup
Equipment
Ceiling Fan, Gar Door Opener, Security Sys
Accessibility
Level Flooring, Main Floor Laundry

Construction & exterior

Style
Contemp
Subtype
Detached
Foundation
Slab
Roof
Asphalt Shingle
Exterior
Vinyl
Pool
No Pool
Fencing
Back Fenced,Privacy,Wood Fence

Utilities & systems

Heating
Forced Hot Air, Nat Gas, Programmable Thermostat, Zoned
Cooling
16+ SEER A/C, Central Air, Zoned
Water heater
Gas
Water
City/County
Sewer
City/County

Lot, parking & ownership

Lot size
0.1140
Subdivision
OCEAN LAKES
Zoning
PDH2
Ownership
Fee Simple
Garage
Yes
Parking
Garage Att 2 Car, Driveway Spc, Street
Possession
CLOSING
Disclosures
Common Interest Community, Disclosure Statement

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

About this home

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

Tom & Dariya's overview

Our read on this home

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

At a glance

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.

Keep searching in Virginia Beach

See all Virginia Beach homes for sale, including homes for sale in 23454, homes for sale zoned for Ocean Lakes High School, and homes for sale zoned for Ocean Lakes Elementary School. Browse every listing among homes for sale in Virginia Beach — updated from the REIN MLS every few minutes. Nearby, look at South Shore Estates homes for sale, Virginia Beach waterfront homes for sale, Virginia Beach condos and townhomes for sale, and new construction homes in Virginia Beach.

Read the full overview ↓

Why this home stands out

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.

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

Virginia Beach$480K – $650K4+ 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 515531

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Evacuation Zone B

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

Explore this neighborhood

South Shore Estates

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.

$775K

Median sale · 12 mo

$266

Sold $/sq ft

13d

Days on market

0

For sale now

$128K

HH income

85.9%

Owner-occupied

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

Explore South Shore Estates →
Map of South Shore Estates 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

$3,489/mo

Principal & interest

$2,932

Property tax

$393

Home insurance

$165

PMI

None

HOA/Condo (paid separately)

$36

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

116% of $486,200

City assessment record · taxes $4,716/yr

Land share of assessed value

36% — $175,000

Improvements $311,200 · assessor record ✓

Price context — similar nearby homes

$530,000 – $1,005,000

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.

1008 Hawthorne Farm TER · 1.8 mi · 2,300 sqft$593,000 sold 2026-05
1877 Rising Sun ARCH · 2 mi · 2,273 sqft$580,000 sold 2026-08
2452 Lewis DR · 1.8 mi · 2,367 sqft$700,000 sold 2026-05

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

Sale & Tax History

List Price

$565,000

Price / Sq Ft

$249

Annual Taxes

$4,716

Monthly Tax

$393

HOA fee

$36 / mo

Tax Rate (effective)

0.83%

Sale Timeline (this listing)

EventDatePriceDetail
ListedAug 18, 2026$565,000—
Price reducedSep 18, 2026$565,000−$5,000
Currently listed—$565,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

16% 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:

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.

Market tempo

31 days on market — read it in context

Days on market reflects pricing, season, and inventory — compare it against similar nearby homes below before reading anything into it.

Questions buyers ask

Is 505 Summer Lake Ln in a good school zone?+
The assigned zones on the listing record are Ocean Lakes Elementary (VaHome School Score 7.9/10), Corporate Landing Middle (VaHome School Score 6.3/10), Ocean Lakes (VaHome School Score 8/10). 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.

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 Debra Marable · The Real Estate Group · REIN MLS #10649703

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

Free, no obligation — your inquiry goes to Tom & Dariya, never resold.

505 Summer Lake Ln, Virginia Beach — photo

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

Call or text (757) 777-7577

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.

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