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ChesapeakeKING JAMES COLONY537 Margaret Dr✓ Source: REIN MLS #10643086 · record updated Jul 28, 2026 · synced every 2 min · your inquiry is never resold
537 Margaret DR, CHESAPEAKE VA 23322 - Main photo
537 Margaret DR, CHESAPEAKE VA 23322 - Photo 2
537 Margaret DR, CHESAPEAKE VA 23322 - Photo 3
537 Margaret DR, CHESAPEAKE VA 23322 - Photo 4
537 Margaret DR, CHESAPEAKE VA 23322 - Photo 5
$900,000
$238 / sqft · est. $5,600/mo →
7beds
4baths
3,786sqft
21days on market

537 Margaret Dr, Chesapeake, VA 23322

ActiveResidential · built 1976 · KING JAMES COLONY

About this home

The listing, in the seller's words

Welcome home! This beautifully updated 7 bedroom and 4 full bath property offers over 3 acres of land and ample parking. First floor primary suite features a fireplace and upgraded bathroom with sleek tile. The kitchen boasts a large island, all new countertops, stainless steel appliances, and tile backsplash. Two upstairs bedrooms include full baths and walk-in closets. Open layout with recessed ceiling lighting, two fireplaces, and two sets of sliding glass doors lead to a spacious backyard. Schedule your showing today!

Listing courtesy of Reagan Feuerhahn · Prodigy Realty · REIN MLS #10643086

VaHome team overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · LPT Realty

At a glance

537 Margaret Drive is a seven-bedroom, four-bath home in Chesapeake, Virginia, offering 3,786 square feet of living space built in 1976. With room for a large or multi-generational family and easy access to two military installations, this address delivers serious square footage in a well-established city.

Read the full overview ↓

Why this home stands out

Seven bedrooms under one roof is genuinely rare, and 537 Margaret Drive delivers exactly that across 3,786 square feet. Whether you need dedicated home offices, guest suites, or space for a growing extended family, the floor plan here gives you options that most properties in this price range simply can't match. Four full bathrooms mean morning routines don't turn into a negotiation, and the 1976 construction era means solid bones on a mature lot.

KING JAMES COLONY and the Chesapeake real estate market

537 Margaret Drive sits in Chesapeake, one of the largest cities by land area in the entire United States — and one that still manages to feel like a collection of close-knit communities rather than a sprawling metro. This part of Chesapeake carries the relaxed, established character you'd expect from a neighborhood that's been maturing since the mid-1970s. Streets are lined with full-grown trees, lots tend to be generous, and neighbors tend to stay for decades. Chesapeake sits in the heart of Hampton Roads, giving residents straightforward access to Virginia Beach, Norfolk, and the broader region without the congestion of living inside those city limits. The city's mix of suburban comfort, outdoor recreation along the Chesapeake waterways, and proximity to major employment corridors makes it a perennial favorite for families putting down roots. Daily errands are manageable, commutes to the region's military installations are reasonable, and the overall pace of life here rewards people who want space without sacrificing convenience.

What's nearby

Everyday life runs smoothly from Margaret Drive. Grocery options, pharmacies, and casual dining are all within a short drive along the South Military Highway and Battlefield Boulevard corridors. Great Bridge, one of Chesapeake's most active commercial strips, is just a few minutes away and covers everything from coffee to home improvement. Chesapeake City Park offers walking trails, athletic fields, and open green space for weekend afternoons. The Dismal Swamp Canal Trail gives outdoor enthusiasts a scenic route for cycling and hiking. Interstate 64 access connects you to the broader Hampton Roads region quickly, and Virginia Beach's oceanfront is roughly a half-hour drive on a clear day.

For different buyers

For military families relocating

USCG Finance Center Chesapeake is about 17 minutes away, and NAS Oceana sits roughly 21 minutes out — both well within a practical daily commute. Seven bedrooms give a military family room to host visiting relatives during PCS transitions, set up a dedicated home office for remote duty work, or simply spread out after years of tight base housing. A VA loan can make a home this size more accessible than many families expect.

For families upgrading

If your current home has everyone tripping over each other, 537 Margaret Drive is the answer. Seven bedrooms mean every child gets their own space, guests have a real room, and you still have flexibility for a home gym or office. Four full bathrooms eliminate the morning bottleneck entirely. At 3,786 square feet in an established Chesapeake neighborhood, this is the kind of upgrade that genuinely changes daily life.

More buyer questions

How far is 537 Margaret Drive from USCG Finance Center Chesapeake?

The USCG Finance Center Chesapeake is approximately 17 minutes from 537 Margaret Drive under typical traffic conditions. The route is primarily along local surface roads, making it a straightforward daily commute.

How far is 537 Margaret Drive from NAS Oceana?

NAS Oceana is about 21 minutes from Margaret Drive, heading northeast toward Virginia Beach. The commute is manageable and stays mostly on well-traveled roads through the South Hampton Roads corridor.

What is the square footage and layout of 537 Margaret Drive?

The home offers 3,786 square feet of living space with seven bedrooms and four full bathrooms. Built in 1976, the layout provides substantial flexibility for large families, multi-generational living arrangements, or dedicated work-from-home setups.

Is 537 Margaret Drive in a flood zone?

Flood zone designation for this address is detailed in the FloodRisk tile on this page, which pulls current FEMA map data. Reviewing that section will give you the most accurate and up-to-date information.

Does 537 Margaret Drive have an HOA?

HOA status for this property is not confirmed in the current data set — your agent can verify whether any homeowners association applies and what, if any, community guidelines are in place.

Want to walk through 537 Margaret Drive and see how all 3,786 square feet work in person? Tom and Dariya Milan at LPT Realty are ready to set that up for you.

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

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Residential

Year built

1976

Price / sqft

$238

HOA

None

Taxes

$8,008/yr

County

Chesapeake VA

MLS #

10643086

Interior

Bedrooms
7
Full baths
4
Approx. sqft
3,786
Stories
2
Flooring
Carpet, Laminate/LVP
Ensuite bedrooms
3
First-floor bed & full bath
Yes
Total rooms
13
Other rooms
1st Floor BR, 1st Floor Primary BR, Attic, Fin. Rm Over Gar, Foyer, PBR with Bath, Porch, Utility Room
Appliances
Dishwasher, Disposal, Dryer Hookup, Microwave, Elec Range, Washer Hookup
Equipment
Ceiling Fan

Construction & exterior

Style
Traditional
Subtype
Detached
Foundation
Crawl
Roof
Asphalt Shingle
Exterior
Brick
Pool
No Pool

Utilities & systems

Heating
Forced Hot Air, Heat Pump
Cooling
Central Air, Heat Pump
Water heater
Electric
Water
Well
Sewer
Septic

Lot, parking & ownership

Subdivision
KING JAMES COLONY
Ownership
Fee Simple
Garage
Yes
Parking
Garage Att 1 Car, Multi Car, Driveway Spc
Possession
CLOSING
Miscellaneous
Rehabilitated
Disclosures
Disclosure Statement, Related to Seller

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

Flood & environment

FEMA flood zone X · outside the high-risk area · FIRM 510034

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

>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

Ravenna

Ravenna is a residential community in the Hickory area of southern Chesapeake, Virginia, set near the intersection of Mount Pleasant Road and Elmhurst Avenue.

$817K

Median sale · 12 mo

$235

Sold $/sq ft

18d

Days on market

1

For sale now

$131K

HH income

89.7%

Owner-occupied

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

Explore Ravenna
Map of Ravenna with neighborhood boundaryNeighborhood

Chesapeake homes 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

$5,600/mo

Principal & interest

$4,670

Property tax

$667

Home insurance

$263

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 & history

Judge value on real ground

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

$3,500$1,175,000

The 4 most similar homes nearby (same city, within ~20% of this size, ~2.5 mi; 1 sold). Context for judging the asking price — not an appraisal or an estimate of this home's value.

715 Paula DR · 0.5 mi · 3,238 sqft$771,000 sold 2026-05
1336 Blackwater RD · 0.5 mi · 3,260 sqft$575,000 new listing
2029 Mount Pleasant RD · 3.1 mi · 3,442 sqft$3,500 active

Sale & Tax History

List Price

$900,000

Price / Sq Ft

$238

Annual Taxes

$8,008

Monthly Tax

$667

HOA

None

Tax Rate (effective)

0.89%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJul 7, 2026$900,000
Price reducedJul 24, 2026$900,000−$25,000
Currently listed$900,000

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:

Chesapeake 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

21 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

Real questions, answered from the record

Is 537 Margaret Dr in a good school zone?+
The assigned zones on the listing record are Southeastern Elementary (GreatSchools 6/10), Hickory Middle (GreatSchools 9/10), Hickory (GreatSchools 9/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 537 Margaret Dr 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 537 Margaret Dr have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 537 Margaret Dr built?+
It was built in 1976, 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 Reagan Feuerhahn · Prodigy Realty · REIN MLS #10643086

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.

537 Margaret Dr, Chesapeake — photo

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

Call or text (757) 777-7577

537 Margaret Dr, Chesapeake, Virginia 23322 · MLS #10643086 · 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.