Value & history
Why the land carries the value
Asking vs. assessment
149% of $4,974,000
City assessment record · taxes $48,248/yr
Land share of assessed value
71% — $3,550,900
Improvements $1,423,100 · assessor record ✓
Price context — similar nearby homes
$2,704,800 – $6,500,000
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.
Own a home nearby? See what it is worth today — What's your Virginia Beach home worth?
Sale & Tax History
List Price
$7,395,000
Price / Sq Ft
$1202
Annual Taxes
$48,248
Monthly Tax
$4,021
HOA
None
Tax Rate (effective)
0.65%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | May 15, 2026 | $7,395,000 | — |
| Price reduced | Oct 5, 2026 | $7,395,000 | −$500,000 |
| Currently listed | — | $7,395,000 | — |
Public-Records Assessment
Source: City Assessor via Hampton Roads Regional Parcels.
Total Assessed
$4,974,000
Land
$3,550,900
Improvement
$1,423,100
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.
