68 days on market
$2,900,000
988 Michaelwood Dr
Virginia Beach, Virginia 23452
MLS# 10623841 · LITTLE NECK COVE · Virginia Beach VA
Updated yesterday · Source: REIN MLS
Est. payment
$16,533/mo
Edit below
Price / sq ft
$633
4,578 sq ft
Days on market
68
HOA
None
Year built
1910
116 yrs old
Beds
7
Full Baths
6
Half Baths
0
Sq Ft
4,578
Garage
Yes
Schools
- ElementaryKingston Elementary School8/10
- MiddleLynnhaven Middle School7/10
- 7/10
Info provided by GreatSchools
About this home
Set on its own peninsula, this truly one-of-a-kind luxury estate offers breathtaking water views from every angle. Completely renovated with exceptional craftsmanship, the home features 7 spacious bedrooms and 6 beautifully appointed bathrooms designed for both comfort and elegance. Expansive living areas flow seamlessly for entertaining, while large windows capture stunning panoramic vistas. Enjoy deep water access…
Listed by Travis Rock · EXP Realty LLC
VaHome Team property overview
988 Michaelwood Drive is a seven-bedroom, six-bath home on 1.65 acres in Little Neck Cove, Virginia Beach. Built in 1910, it delivers rare historic character, generous square footage, and a sprawling lot just minutes from two major military installations.
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Why this home stands out
Properties like 988 Michaelwood Drive don't come along often. You're looking at 4,578 square feet of living space on nearly two acres inside Virginia Beach city limits — a combination that's genuinely hard to find. The 1910 construction date gives this home more than a century of architectural character, and the seven-bedroom layout means there's room for extended family, a home office, a gym, or whatever your life actually calls for.
LITTLE NECK COVE and the Virginia Beach real estate market
Little Neck Cove sits in the heart of Virginia Beach's established North End corridor, where mature tree canopies line quiet residential streets and neighbors tend to stay for decades. The area has a distinctly unhurried feel — large lots, older homes with real bones, and a community identity that predates the city's rapid postwar growth. If you've been searching terms like 'siebert realty va beach va' while researching this part of town, you already know how rarely oversized properties surface here. Virginia Beach as a city wraps around you with every convenience — shopping, dining, and the oceanfront — while Little Neck Cove itself keeps things calm and spacious. The surrounding streets are walkable to green space, and the broader neighborhood draws people who want room to breathe without trading away urban access. At 1.65 acres, 988 Michaelwood Drive represents one of the larger residential parcels in this zip code, making it a standout even within a neighborhood already known for generous lot sizes.
What's nearby
Step outside and you're genuinely close to a lot. Little Neck Park and Kings Grant Park are both within 0.6 miles — easy walking or a quick bike ride for morning runs or weekend afternoons with kids. Brill Field, another green space, is just 0.8 miles away, adding even more outdoor options to your daily rotation. When you're ready to eat, Raised & Braised is right at 0.6 miles — a local spot worth knowing. The combination of multiple parks within a half-mile radius and a walkable restaurant makes daily life here feel unusually convenient for a property sitting on nearly two acres.
For different buyers
For military families relocating
JEB Little Creek-Fort Story is nine minutes away, and NAS Oceana is ten — two major installations within a short commute of the same address. For a military family weighing BAH against housing costs, a seven-bedroom home on 1.65 acres gives you real flexibility: space for family visits, a dedicated workspace, or a roommate arrangement that helps offset expenses. A VA loan could make this historic property more accessible than you'd expect.
For buyers drawn to character
If you've grown tired of subdivisions where every house looks like its neighbor, 988 Michaelwood Drive is a different conversation. A home built in 1910 carries details you simply can't replicate — proportions, craftsmanship, and a sense of permanence that newer construction rarely achieves. Pair that with nearly two acres in an established Virginia Beach neighborhood and you have something genuinely rare: a property with a story already written, waiting for its next chapter.
Frequently asked questions
How far is 988 Michaelwood Drive from JEB Little Creek-Fort Story?
The drive from 988 Michaelwood Drive to JEB Little Creek-Fort Story takes approximately nine minutes under normal traffic conditions. That's one of the shorter base commutes you'll find for a property this size in Virginia Beach.
How far is 988 Michaelwood Drive from NAS Oceana?
NAS Oceana is roughly ten minutes from 988 Michaelwood Drive, making this address a practical option for personnel assigned to either of the two nearest installations.
What is the lot size at 988 Michaelwood Drive?
The lot measures 1.653 acres, which is unusually large for a residential parcel within Virginia Beach city limits and especially rare in the Little Neck Cove neighborhood.
Is 988 Michaelwood Drive in a flood zone?
Flood zone information for this address is displayed in the dedicated FloodRisk tile on this page, which pulls current FEMA map data for the most accurate and up-to-date designation.
What parks are near 988 Michaelwood Drive?
Little Neck Park, Kings Grant Park, and Brill Field are all within a mile of the property — the first two at just 0.6 miles and Brill Field at 0.8 miles, giving you multiple outdoor options within easy walking distance.
Want to know more about Little Neck Cove or get a closer look at 988 Michaelwood Drive? Tom and Dariya Milan are ready to walk you through every detail — reach out anytime.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Location & Street View
988 Michaelwood DR, Virginia Beach
Map and Street View imagery © Google. Imagery may not be current.
Map data ©Google. Click and drag inside the map to explore the surrounding area.
Flood Risk
Property Details
Bedrooms
7
Full Baths
6
Half Baths
0
Approx Sq Ft
4,578
Stories
3
Fireplaces
0
Flooring
Carpet, Ceramic, Laminate/LVP, Wood
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
Dishwasher, Disposal, Dryer, Microwave, Gas Range, Refrigerator, Washer
Sale & Tax History
List Price
$2,900,000
Price / Sq Ft
$633
Annual Taxes
$7,671
Monthly Tax
$639
HOA
None
Tax Rate (effective)
0.26%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Mar 12, 2026 | $2,900,000 | — |
| Currently listed | — | $2,900,000 | — |
Public-Records Assessment
Source: Virginia Beach via Hampton Roads Regional Parcels. Fetched May 11, 2026.
Total Assessed
$790,900
Land
$605,000
Improvement
$185,900
Parcel ID: 14884510340000 · View on city GIS portal
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.
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.
About buying in Virginia Beach
Virginia Beach is the largest city in Hampton Roads and one of Virginia's most desirable real estate markets. From oceanfront condos along the boardwalk to golf-course communities in Kempsville, established family neighborhoods in Great Neck, and waterfront homes along the Lynnhaven River, the housing inventory here is unusually varied. The city's strong public schools, mild coastal climate, and proximity to Naval Air Station Oceana keep buyer demand consistent year-round, and active inventory typically ranges from sub-$300K starter homes to multi-million-dollar luxury estates.
Military Commute
Drive times to nearest basesDrive 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.
Estimate your monthly payment
$16,533/moPrincipal & interest
$15,047
Property tax
$639
Home insurance
$846
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.
Listed by EXP Realty LLC · MLS# 10623841
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$2,900,000
988 Michaelwood DR, VIRGINIABEACH VA 23452
Virginia Beach, Virginia 23452
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