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Virginia BeachSHADOWLAWN531 Terrace Ave✓ Source: REIN MLS #10624601 · record updated Jun 16, 2026 · synced every 2 min · your inquiry is never resold
531 Terrace AVE, VIRGINIABEACH VA 23451 - Main photo
$2,500
$2 / sqft · est. $14/mo →
3beds
1baths
1,026sqft
97days on market

531 Terrace Ave, Virginia Beach, VA 23451

RentedRental · built 1959 · SHADOWLAWN

About this home

The listing, in the seller's words

Wonderful coastal cottage located in the heart of the marina district. Nestle in the Shadowlawn neighborhood and conveniently close to shops, restaurants, beach, interstate, and the new surf park and Dome concert venue. 24 hour notice to show. Washer and Dryer convey as is. No Pets No smoking.

Listing courtesy of Clay Atkinson · Atkinson Realty · REIN MLS #10624601

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Rental

Year built

1959

Price / sqft

$2

HOA

None

County

Virginia Beach VA

Waterfront

Yes

MLS #

10624601

Interior

Bedrooms
3
Full baths
1
Approx. sqft
1,026
Stories
1
Flooring
Laminate/LVP
First-floor bed & full bath
Yes
Appliances
220 V Elec, Dryer Hookup, Elec Range, Washer Hookup
Equipment
Cable Hookup, Ceiling Fan

Construction & exterior

Style
Ranch
Foundation
Crawl
Roof
Asphalt Shingle
Pool
No Pool
Fencing
Partial
Waterfront
Not Waterfront

Utilities & systems

Heating
Heat Pump
Cooling
Heat Pump
Water heater
Electric
Water
City/County
Sewer
City/County

Lot, parking & ownership

Subdivision
SHADOWLAWN
Unit / floor
1
Garage
Yes
Parking
Garage Att 1 Car
Possession
START OF LEASE
Disclosures
Noise 70-75 dB, Pre 1978

See more Virginia Beach homes under $200K.

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

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 C

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

Military Aircraft Zone Information

Aircraft Noise

70-75 dB DNL

Accident Potential Zone

Not in a mapped Accident Potential Zone

Source: U.S. Navy AICUZ — Air Installations Compatible Use Zones (via city GIS)

Explore this neighborhood

Rudee Heights

Rudee Heights is a compact waterfront neighborhood at the south end of the Virginia Beach Oceanfront, set on the peninsula between Lake Rudee and Lake Wesley near Rudee Inlet.

3

For sale now

$176K

HH income

81.7%

Owner-occupied

U.S. Census ACS 2024 5-year

Explore Rudee Heights
Map of Rudee Heights 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

$14/mo

Principal & interest

$13

Property tax

$0

Home insurance

$1

PMI

None

HOA

None

Estimate only. 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

Why the land carries the value

Asking vs. assessment

0% of $531,700

City assessment record

Land share of assessed value

79% — $420,000

Improvements $111,700 · assessor record ✓

Why we show no algorithmic estimate.

National AVMs misprice homes whose value drivers they can't see. Instead: the sourced assessment above, the carrying cost, real price history, and honest comparables below.

Price context — similar nearby homes

$213,000$425,000

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.

504 Norfolk AVE · 0.3 mi · 1,043 sqft$362,000 sold 2026-01
1006 Barclay Sq · 0.4 mi · 1,017 sqft$213,000 sold 2026-02
926 Rudee CT · 0.4 mi · 1,000 sqft$265,000 sold 2026-03

Sale & Tax History

List Price

$2,500

Price / Sq Ft

$2

Annual Taxes

N/A

Monthly Tax

N/A

HOA

None

Tax Rate (effective)

N/A

Sale Timeline (this listing)

EventDatePriceDetail
ListedMar 11, 2026$2,500
SoldJun 16, 2026$2,500

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

100% below assessment

Total Assessed

$531,700

Land

$420,000

Improvement

$111,700

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:

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.

Questions buyers ask

Real questions, answered from the record

Is 531 Terrace Ave in a good school zone?+
The assigned zones on the listing record are W.T. Cooke Elementary (GreatSchools 7/10), Virginia Beach Middle (GreatSchools 7/10), First Colonial (GreatSchools 7/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 531 Terrace Ave 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 there a gym near 531 Terrace Ave?+
Yes — CoreStrength Center is about 0.3 miles away, per the cached nearby-places record for this address.
Are there parks near 531 Terrace Ave?+
Grommet Island Park is about 0.5 miles away.
Where is the nearest grocery store to 531 Terrace Ave?+
Prise's Food Mart is about 0.5 miles away. The closest dining on record is The Dock Grill (0.1 mi).
Does 531 Terrace Ave have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 531 Terrace Ave built?+
It was built in 1959, 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 Clay Atkinson · Atkinson Realty · REIN MLS #10624601

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.

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

Call or text (757) 777-7577

531 Terrace Ave, Virginia Beach, Virginia 23451 · MLS #10624601 · 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.