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Virginia Beach › OCEAN LAKES › 505 Summer Lake Ln✓ Source: REIN MLS #10649703 · record updated Aug 31, 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
$575,000
$254 / sqft · est. $3,580/mo →
4beds
2.1baths
2,265sqft
13days on market

505 Summer Lake Ln, Virginia Beach, VA 23454

ActiveResidential · built 1995 · OCEAN LAKES

Facts & features

Type

Residential

Year built

1995

Price / sqft

$254

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

VaHome team overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · LPT Realty

At a glance

505 Summer Lake Lane is a four-bedroom, 2.1-bath single-family home in Virginia Beach, built in 1995 with 2,265 square feet of living space. Two minutes from Dam Neck Annex and surrounded by parks, it sits in one of the city's most convenient southern corridors.

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

What sets 505 Summer Lake Lane apart is its rare proximity to Dam Neck Annex — a two-minute drive that almost no Virginia Beach homes for sale can match. Add a generous 2,265-square-foot floor plan with four bedrooms, a half bath for guests, and a location flanked by three separate parks within a mile, and you have a home that balances everyday practicality with genuine breathing room.

OCEAN LAKES and the Virginia Beach real estate market

Summer Lake Lane sits in the southern reaches of Virginia Beach, a section of the city that trades boardwalk bustle for quiet residential streets and easy base access. The surrounding area has a settled, established feel — 1990s construction, mature trees, and neighborhoods that have grown into themselves over the decades. Virginia Beach as a whole is the most populous city in Virginia, stretching from the Chesapeake Bay to the Atlantic Ocean, and this corner of the 23454 zip code puts you well away from tourist traffic while keeping you close to everything that makes the city work day to day. Groceries, dining, fitness, and green space are all within a short drive. For families comparing homes for sale in Virginia Beach, the southern corridor near Dam Neck consistently comes up as a sweet spot — military-accessible, park-rich, and genuinely livable without the premium of oceanfront addresses.

What's nearby

Daily life is easy here. COCO's Cuisine is just 0.4 miles away for a sit-down meal, and Galley is right behind it at 0.5 miles — both solid options when you don't want to cook. Panda Express rounds out the quick-meal options at 0.6 miles. Ocean Lakes Park is a four-tenths-of-a-mile walk, and Pine Meadows West Park and Pine Meadows Park are both under a mile in the other direction, giving you three distinct green spaces for weekend mornings or after-school runs. The Dam Neck Fitness Center at 0.6 miles means you can skip the gym commute entirely.

For different buyers

For military families relocating

Two minutes to Dam Neck Annex is about as close as it gets in Virginia Beach without living on base. NAS Oceana is nine minutes in the other direction, which matters if assignments shift or a spouse works there. VA loan eligibility pairs naturally with a floor plan this size — four bedrooms handle PCS moves with room for a home office or a guest room when family visits.

For families upgrading

Four bedrooms and 2,265 square feet give a growing family genuine room to spread out — dedicated spaces for kids, a home office, or a guest room without anyone feeling crowded. Families comparing homes for sale zoned for Ocean Lakes High School and homes for sale zoned for Ocean Lakes Elementary School will find 505 Summer Lake Lane worth a close look, especially with three parks within a mile for afternoons outside.

More buyer questions

How far is 505 Summer Lake Lane from Dam Neck Annex?

Dam Neck Annex is approximately a two-minute drive from 505 Summer Lake Lane, making it one of the closest off-base addresses you'll find in Virginia Beach. NAS Oceana is about nine minutes away, adding flexibility if duty stations or assignments change.

What is the square footage and layout of 505 Summer Lake Lane?

The home offers 2,265 square feet with four bedrooms and 2.1 bathrooms — a layout that gives families dedicated sleeping spaces plus a half bath on the main level for guests. Built in 1995, the floor plan reflects the roomier proportions typical of mid-1990s construction.

Are there parks near 505 Summer Lake Lane?

Yes — Ocean Lakes Park is 0.4 miles away, Pine Meadows West Park is 0.7 miles, and Pine Meadows Park is 0.8 miles, giving you three separate green spaces all within easy walking or biking distance.

Is 505 Summer Lake Lane in a flood zone?

Flood zone designation for this address is covered in the FloodRisk tile on this page, which pulls current FEMA map data. It's worth reviewing before making any decisions, as flood zone status can affect insurance costs.

Where can I find other homes for sale in 23454?

The 23454 zip code covers a wide stretch of southern Virginia Beach with a range of property types and price points. The homes for sale in 23454 search page on this site filters active listings by zip code so you can compare options side by side.

Tom and Dariya Milan at LPT Realty know this corridor well. Reach out to get a straight answer on timing, comparables, or what a VA loan could mean for this address.

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

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

Virginia Beach$485K – $665K4+ 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 neighborhood in southeastern Virginia Beach, set off General Booth Boulevard near Nimmo Parkway and the Red Mill area, within the 23454 zip code.

$775K

Median sale · 12 mo

$266

Sold $/sq ft

13d

Days on market

2

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

$3,544/mo

Principal & interest

$2,984

Property tax

$393

Home insurance

$168

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

118% 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 – $745,000

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
1088 Warner Hall DR · 2 mi · 2,280 sqft$536,600 sold 2026-03

Sale & Tax History

List Price

$575,000

Price / Sq Ft

$254

Annual Taxes

$4,716

Monthly Tax

$393

HOA fee

$36 / mo

Tax Rate (effective)

0.82%

Sale Timeline (this listing)

EventDatePriceDetail
ListedAug 18, 2026$575,000—
Price reducedAug 31, 2026$575,000−$5,000
Currently listed—$575,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

18% 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

13 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

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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