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Virginia BeachLAKE EDWARD WEST5944 Margate Ave✓ Source: REIN MLS #10621287 · record updated Apr 30, 2026 · synced every 2 min · your inquiry is never resold
5944 Margate AVE, VIRGINIABEACH VA 23462 - Main photo
$200,000
$159 / sqft · est. $1,235/mo →
3beds
1.1baths
1,260sqft
34days on market

5944 Margate Ave, Virginia Beach, VA 23462

SoldResidential · built 1977 · LAKE EDWARD WEST

About this home

The listing, in the seller's words

Well-maintained townhome in the heart of Virginia Beach offering flexibility for owner-occupants or investors. 2025 updates include new HVAC, fresh interior paint, LVP flooring first floor only, updated lower cabinetry, lighting, and ceiling fans. Currently tenant-occupied at $1,700/month with lease transitioning to month-to-month May 1, providing immediate income or future occupancy options. Centrally located with convenient access to interstates, shopping, dining, and entertainment. Excellent military accessibility, approximately 20/25 minutes to NAS Oceana and 15/20 minutes to JEB Little Creek - Fort Story. Seller is open to carpet concessions with the acceptable offer. A solid opportunity in an established area with strong rental demand an dcommuter appeal. Price reflects condition and needed repairs

Listing courtesy of Cara Allen · BHHS RW Towne Realty · REIN MLS #10621287

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Residential

Year built

1977

Price / sqft

$159

HOA

None

Taxes

$1,669/yr

County

Virginia Beach VA

Waterfront

Yes

MLS #

10621287

Interior

Bedrooms
3
Full baths
1
Half baths
1
Approx. sqft
1,260
Stories
2
Flooring
Carpet, Laminate/LVP
Total rooms
6
Appliances
Dishwasher, Disposal, Dryer Hookup, Microwave, Elec Range, Refrigerator, Washer Hookup

Construction & exterior

Style
Townhouse
Subtype
Attached
Foundation
Slab
Roof
Asphalt Shingle
Exterior
Brick,Vinyl
Pool
No Pool
Fencing
Back Fenced
Waterfront
Not Waterfront

Utilities & systems

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

Lot, parking & ownership

Lot size
0.0507
Approx. acres
0.05
Subdivision
LAKE EDWARD WEST
Zoning
A18
Ownership
Fee Simple
Garage
No
Parking
2 Space, Driveway Spc, Street
Possession
SETTLE
Disclosures
Disclosure Statement

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

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

houses for sale in Virginia Beach

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

$1,235/mo

Principal & interest

$1,038

Property tax

$139

Home insurance

$58

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

Judge value on real ground

Asking vs. assessment

116% of $172,100

City assessment record · taxes $1,669/yr

Land share of assessed value

37% — $63,000

Improvements $109,100 · 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

$210,000$315,000

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.

5716 E Hastings ARCH · 0.3 mi · 1,200 sqft$245,000 sold 2026-04
5665 Dodington CT · 0.5 mi · 1,396 sqft$210,000 sold 2026-02
812 Tenure LN · 0.8 mi · 1,158 sqft$275,000 sold 2026-07

Sale & Tax History

List Price

$200,000

Price / Sq Ft

$159

Annual Taxes

$1,669

Monthly Tax

$139

HOA

None

Tax Rate (effective)

0.83%

Sale Timeline (this listing)

EventDatePriceDetail
ListedApr 5, 2026$200,000
SoldApr 24, 2026$200,000

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

16% above assessment

Total Assessed

$172,100

Land

$63,000

Improvement

$109,100

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:

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 5944 Margate Ave in a good school zone?+
The assigned zones on the listing record are Williams Elementary (GreatSchools 4/10), Bayside Middle (GreatSchools 4/10), Bayside (GreatSchools 4/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 5944 Margate 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 5944 Margate Ave?+
Yes — Southside Barbell is about 0.9 miles away, per the cached nearby-places record for this address.
Are there parks near 5944 Margate Ave?+
Woodlawn Funeral Home & Memorial Gardens is about 0.5 miles away.
Where is the nearest grocery store to 5944 Margate Ave?+
Tienda Latina La Bendicion is about 0.5 miles away. The closest dining on record is Boyd Dining Centre (0.4 mi).
Does 5944 Margate Ave have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 5944 Margate Ave built?+
It was built in 1977, 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 Cara Allen · BHHS RW Towne Realty · REIN MLS #10621287

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.

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

5944 Margate Ave, Virginia Beach, Virginia 23462 · MLS #10621287 · 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.