Rare opportunity to own a 7-bedroom waterfront estate in Thalia Acres on over 2 private acres along navigable Thalia Creek with a private pier, boat dock, saltwater pool, fire pit, and skyline views of The Westin at Town Center. Offering 7,023 sq ft plus an 805 sq ft unfinished basement, "Speak Easy" In-Law suite for multigenerational living and/or entertaining. The custom kitchen, completed in 2026, features walnut cabinetry, quartz countertops, natural stone flooring, and GE Cafe appliances. The 1,000 sq ft primary suite includes a private balcony with water views, a fireplace, a sitting area, and dual walk-in closets. Additional highlights include a full custom bar with seating for 8, a kegerator, a pool table, an entertainment area, a sunroom, three fireplaces, a circular driveway, and a small pond by the private in-law suite, which has a separate entrance, bedroom, and full bath.
Listing courtesy of Mark Rusnak · RE/MAX Allegiance · REIN MLS #10649547
Chapter · The Water
Life on the water
The waterfront is the reason this home exists. Its water record, straight from the listing: Creek, Dock, Navigable, Tidal.
Frontage
Creek · Tidal ✓ VERIFIED
Dock
Dock
Source: REIN MLS listing record · waterfront features as listed
Seven bedrooms, five full baths, and over 7,000 square feet on a single lot in Virginia Beach. Built in 1956, this home offers substantial space for a household that needs room to spread out. You're about ten minutes from JEB Little Creek-Fort Story and eleven from NAS Oceana.
This is a rare find: a seven-bedroom, five-bath home with genuine square footage to match. The 1956 construction speaks to solid bones and classic residential design. Whether you're drawn to the sheer capacity or the chance to customize a larger canvas, 507 Cedar Lane delivers the kind of footprint that anchors homes for sale in 23452. Space like this doesn't come around often in the area.
THALIA ACRES and the Virginia Beach real estate market
Cedar Lane sits in a residential pocket of Virginia Beach where homes have real setback and breathing room. The block carries the character of mid-century suburban Virginia Beach—tree-lined streets, established lots, and neighbors who've put down roots. Virginia Beach itself is a sprawling city where JEB Little Creek-Fort Story and NAS Oceana shape daily life and commute patterns. Downtown Virginia Beach sits less than a mile away, offering waterfront parks, dining, and civic gathering spaces. Getting around is straightforward: major roads connect you to the bases, the beach, and shopping corridors within minutes. The city balances military culture with a thriving civilian community, making it home to long-term residents who love the Tidewater lifestyle. If you are comparing homes for sale in Virginia Beach, note that this zip code offers solid access to both bases and urban amenities.
What's nearby
You're steps from everyday essentials. Sefide Global, Target Grocery, and The Fresh Market are all within a few blocks, so groceries are a quick trip. Tida Thai Cuisine, El Azteca, and Judy's Sichuan Cuisine give you dinner variety without leaving the neighborhood. Coffee runs are easy—Starbucks Coffee Company and Panera Bread are both nearby. Fitness options include ChiroSolutions Center, Latitude Climbing and Fitness, and The Dancing Rose. Parks and water access are close: Downtown Virginia Beach, Thalia Creek Launch, and Downtown Fountain Plaza are all under a mile away.
For different buyers
Base commute and VA loan notes
About ten minutes to JEB Little Creek-Fort Story and eleven to NAS Oceana—both short enough for a daily commute. VA loan financing is widely available in this zip code and neighborhood. The seven bedrooms and five baths give you flexibility for a multi-person household, home office, or guest space. Move-in condition varies, but the bones are there for a household ready to settle.
Room to grow
Seven bedrooms mean each person or purpose gets its own space: master suite, kids' rooms, guest bedroom, home office, hobby room, or all of the above. Over 7,000 square feet lets you spread out without feeling cramped. A single lot with established trees offers outdoor room that smaller homes can't match. The layout and footprint are built for a household that's outgrown a starter home.
More buyer questions
How far is 507 Cedar Lane from JEB Little Creek-Fort Story?
About ten minutes by car. It's one of the closer commutes if you work at the base.
What is the drive time to NAS Oceana from this address?
Roughly eleven minutes. Both bases are accessible without a long daily haul.
Are there grocery stores within walking distance?
Yes. Sefide Global, Target Grocery, and The Fresh Market are all within a few blocks.
Can you use a VA loan to buy homes for sale zoned for Princess Anne High School and homes for sale zoned for Thalia Elementary School in this area?
VA loan financing is available throughout Virginia Beach, including this zip code and school zones. Talk to a lender about your eligibility and benefits.
What parks or water access is nearby?
Downtown Virginia Beach, Thalia Creek Launch, and Downtown Fountain Plaza are all under a mile away, offering parks and waterfront access.
Ready to explore 507 Cedar Lane and other Virginia Beach homes for sale? Reach out to Tom & Dariya Milan at LPT Realty to schedule a tour.
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.
Homes like this one sell fast — see the next one first
Virginia Beach$1.6M – $2.1M7+ beds
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Military Commute
Drive times to nearest bases
⚓
Little Creek
Navy
16min·6.5mi
⚓
NAS Oceana
Navy
25min·13.5mi
🚢
USCG Finance Ctr
Coast Guard
21min·13.2mi
🚢
USCG Portsmouth
Coast Guard
18min·11.2mi
⚓
NNSY
Navy
20min·12.4mi
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
9.1 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.
Thalia is a central, settled Virginia Beach neighborhood. It lies along the winding banks of Thalia Creek. It sits just east of the Town Center business district and Princess Anne High School.
$437KMedian sale · 12 mo
$238Sold $/sq ft
12dDays on market
10For sale now
$74KHH income
33.7%Owner-occupied
REIN MLS closed sales, trailing 12 mo · U.S. Census ACS 2024 5-year
Homes at this tier often trade in cash or portfolio financing. The calculator below shows a financed view; taxes are from the public record.
Estimate your monthly payment
$11,294/mo
Principal & interest
$9,599
Property tax
$1,156
Home insurance
$540
PMI
None
HOA/Condo (paid separately)
None
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 & historyComparables
Asking vs. assessment129% of $1,429,500City assessment record · taxes $13,866/yr
Land share of assessed value57% · $815,500Improvements $614,000 · assessor record ✓
Source: City Assessor via Hampton Roads Regional Parcels.
29% above assessment
Total Assessed
$1,429,500
Land
$815,500
Improvement
$614,000
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.
83 days on market: read it in context
Higher-priced homes market more slowly by nature: the buyer pool is smaller and diligence is heavier. Days-on-market at this tier is a rhythm, not a warning.
CompareThis home next to what else is for sale nearby
Home
Price
Beds
Baths
Sqft
$ / sqft
507 Cedar Lnthis home
$1,850,000
7
5.1
7,023
$263
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 buyers ask
Is 507 Cedar Ln in a good school zone?
The assigned zones on the listing record are Thalia Elementary (VaHome School Score 4.8/10), Independence Middle (VaHome School Score 6.4/10), Princess Anne (VaHome School Score 8.1/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 507 Cedar 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.
Is 507 Cedar Ln a waterfront property?
Yes. The listing record shows: Creek,Dock,Navigable,Tidal.
Does 507 Cedar Ln have an HOA?
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 507 Cedar Ln built?
It was built in 1956, per the listing record.
Answers generated from the listing record, verified school zones, FEMA data, and cached nearby-places data. Never invented.
Tom & Dariya Milan | LPT Realty
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507 Cedar Ln, Virginia Beach, Virginia 23452 · MLS #10649547 · 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.
