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Virginia Beach › SAJO FARM › 5480 Memorial Dr✓ Source: REIN MLS #10624939 · record updated Apr 1, 2026 · synced every 2 min · your inquiry is never resold
5480 Memorial DR, VIRGINIABEACH VA 23455 - Main photo
$799,900
$268 / sqft · est. $5,199/mo →
5beds
3baths
2,986sqft
2days on market

5480 Memorial Dr, Virginia Beach, VA 23455

SoldResidential · built 2009 · SAJO FARM

Chapter · The Water

Life on the water

The waterfront is the reason this home exists. Its water record, straight from the listing: Dock, Lake.

Frontage

Lake ✓ VERIFIED

Dock

Dock

Source: REIN MLS listing record · waterfront features as listed

About this home

The listing, in the seller's words

Welcome to 5480 Memorial Drive in the sought-after Sajo Farms community. This meticulously maintained home is one of the larger models in the neighborhood and offers expansive living spaces with an exceptional layout designed for comfort and entertaining. The property features beautiful views of Lake Smith, creating a peaceful waterfront setting with wild life right in your backyard. A private dock is already in place and ready for your pontoon boat, making it easy to enjoy relaxing evening cruises and stunning sunset views on the lake. Sajo Farms is conveniently located with quick access to the airport, downtown Norfolk, and major routes. You'll also be just a short drive from the recreational Virginia Beach Oceanfront, the Chesapeake Bay, and the popular Chick's Beach area. This is a rare opportunity to own a beautiful lakefront home in one of the area's most desirable communities.

Listing courtesy of Al Lozito · The Real Estate Group · REIN MLS #10624939

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Residential

Year built

2009

Price / sqft

$268

Condo fee

$256/mo

Taxes

$6,711/yr

County

Virginia Beach VA

Waterfront

Yes

MLS #

10624939

Condo association includes

Boat SlipCableClubhouseDockGround MaintPlaygroundsPool

$256/mo condo fee · Sajo Farm Condominium Association · per the REIN MLS listing record — confirm inclusions with the association.

Interior

Bedrooms
5
Full baths
3
Approx. sqft
2,986
Stories
2
Flooring
Carpet, Ceramic, Laminate/LVP, Wood
Ensuite bedrooms
1
First-floor bed & full bath
Yes
Total rooms
9
Other rooms
1st Floor BR, 1st Floor Primary BR, Attic, Breakfast Area, Fin. Rm Over Gar, Foyer, PBR with Bath, Pantry, Porch, Screened Porch
Interior features
Cathedral Ceiling, Fireplace Gas-natural, Pull Down Attic Stairs, Scuttle Access, Walk-In Closet, Window Treatments
Appliances
Dishwasher, Disposal, Dryer Hookup, Elec Range, Refrigerator, Washer Hookup
Equipment
Cable Hookup, Ceiling Fan, Jetted Tub, Security Sys

Construction & exterior

Style
Farmhouse
Subtype
Detached
Foundation
Slab
Roof
Asphalt Shingle
Exterior
Clapboard,Stone
Exterior features
Patio, Wooded
Pool
No Pool
Fencing
Back Fenced,Decorative,Partial
Waterfront
Dock,Lake
Deep-water access
Yes

Utilities & systems

Heating
Electric,Forced Hot Air,Heat Pump,Nat Gas
Cooling
Central Air,Heat Pump
Water heater
Electric
Water
City/County
Sewer
City/County

Lot, parking & ownership

Subdivision
SAJO FARM
Ownership
Condo
Garage
Yes
Parking
Garage Att 2 Car, 2 Space, Driveway Spc, Street
Possession
SETTLE
Disclosures
Common Interest Community, Disclosure Statement, Resale Certif Req

See more Virginia Beach waterfront homes.

Sources: REIN MLS record · 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

Not in a designated hurricane evacuation zone.

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

Explore this neighborhood

Cypress Point

Cypress Point is a planned golf-course community in the Bayside area of northern Virginia Beach, built around the semi-private Cypress Point Country Club and its 18-hole course near Wesleyan Drive and Cypress Point Boulevard.

$380K

Median sale · 12 mo

$205

Sold $/sq ft

18d

Days on market

14

For sale now

$95K

HH income

78.3%

Owner-occupied

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

Explore Cypress Point →
Map of Cypress Point 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

$5,199/mo

Principal & interest

$4,151

Property tax

$559

Home insurance

$233

PMI

None

HOA

$256

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

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

$575,000 – $799,000

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.

5468 Nature LN · 0.1 mi · 2,914 sqft$580,000 sold 2026-05
5345 Lake Lawson RD · 0.4 mi · 2,900 sqft$650,000 sold 2026-07
5640 Memorial DR · 0.3 mi · 3,177 sqft$799,000 sold 2026-04

Sale & Tax History

List Price

$799,900

Price / Sq Ft

$268

Annual Taxes

$6,711

Monthly Tax

$559

Condo fee

$256 / mo

Tax Rate (effective)

0.84%

Sale Timeline (this listing)

EventDatePriceDetail
ListedMay 7, 2026$799,900—
SoldMar 31, 2026$799,900—

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 5480 Memorial Dr in a good school zone?+
The assigned zones on the listing record are Shelton Park Elementary (GreatSchools 5/10), Bayside Middle (GreatSchools 4/10), Bayside (GreatSchools 4/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 5480 Memorial 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.
Is there a gym near 5480 Memorial Dr?+
Yes — Torch Yoga is about 0.5 miles away, per the cached nearby-places record for this address.
Are there parks near 5480 Memorial Dr?+
Raleigh Square Park is about 0.4 miles away.
Where is the nearest grocery store to 5480 Memorial Dr?+
bp is about 0.8 miles away. The closest dining on record is Happy Cafe (0.4 mi).
Is 5480 Memorial Dr a waterfront property?+
Yes. The listing record shows: Dock,Lake.
Does 5480 Memorial Dr have a condo association?+
Yes — condo association fees are on record for this unit (the current amount is shown in the facts section on this page). The association of record is Sajo Farm Condominium Association. Association amenities on record include: Boat Slip, Cable, Clubhouse, Dock, Ground Maint, Playgrounds, Pool.
When was 5480 Memorial Dr built?+
It was built in 2009, 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 Al Lozito · The Real Estate Group · REIN MLS #10624939

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.

This home has sold

Curious what it means for your own plans? Ask about similar homes nearby, or what your home might sell for in this market.

🏡 Similar homes for saleWhat's my home worth?
5480 Memorial Dr, Virginia Beach — photo

This one's sold — the next one doesn't have to be.

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5480 Memorial Dr, Virginia Beach, Virginia 23455 · MLS #10624939 · 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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