58 days on market
$279,900
205 Lake Dr
Virginia Beach, Virginia 23451
MLS# 10624165 · SHADOWLAWN · Virginia Beach VA
Updated May 6, 2026 · Source: REIN MLS
Est. payment
$1,774/mo
Edit below
Price / sq ft
$295
949 sq ft
Days on market
58
HOA
None
Year built
1983
43 yrs old
Beds
1
Full Baths
1
Half Baths
0
Sq Ft
949
Garage
No
About this home
Fully furnished condo 1 block away from the sands of Virginia Beach Oceanfront & lively boardwalk. Recently updated sits on the top floor & offers a seamless open concept living space. Natural light pours into the condo, highlighting the stunning views of both the serene lake & the majestic ocean from not one, but two private balconies. Enjoy the morning sunrise over the ocean, & peaceful sunset over Lake Holly. Rece…
Listed by Tom Busciglio · Howard Hanna Real Estate Svcs.
VaHome Team property overview
Meet 205 Lake Drive — a 949-square-foot, one-bed, one-bath home built in 1983 in Virginia Beach's Shadowlawn neighborhood. You're steps from the oceanfront, minutes from two military bases, and surrounded by coffee shops, parks, and local dining.
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Why this home stands out
What sets 205 Lake Drive apart is its location sweet spot: tucked inside the walkable Shadowlawn neighborhood, you're within a short stroll of Virginia Beach Coffee Co, Side Street Cantina, and Virginia Legends Park, yet still just seven minutes from both Dam Neck Annex and NAS Oceana. For a compact, low-maintenance property this close to the beach corridor and two major bases, that combination is genuinely hard to find.
SHADOWLAWN and the Virginia Beach real estate market
Shadowlawn sits at the heart of the Virginia Beach oceanfront district — close enough to hear the energy of Atlantic Avenue, yet tucked just far enough away to feel like a real neighborhood rather than a tourist strip. The streets here are lined with a mix of cottages, townhomes, and smaller residential properties that give the area a relaxed, lived-in character. If you've been searching for va beach townhomes or compact residential options near the water, Shadowlawn consistently comes up as one of the more walkable, community-oriented pockets in Virginia Beach. Residents here tend to know their neighbors, walk to dinner, and bike to the beach. The broader Virginia Beach oceanfront area offers year-round amenities — farmers markets, boardwalk events, local art installations, and easy access to the Atlantic — and Shadowlawn puts you right at the edge of all of it without the noise and congestion of the resort strip itself.
What's nearby
Daily life is genuinely easy at 205 Lake Drive. Prise's Food Mart is just 0.2 miles away for quick grocery runs, and Tienda Latina La Tapatia 2 is under a mile for specialty items. For your morning coffee, Virginia Beach Coffee Co, 2D Cafe & Eatery, and a 7-Eleven are all within a tenth of a mile. Dinner options are just as close — Side Street Cantina and Basil are both a short walk away. If fitness is part of your routine, CoreStrength Center, TakeOver Athletics Shadowlawn, and What's Your Excuse Fitness are all within half a mile. Virginia Legends Park is right at 0.1 miles, and 17th Street Park is just 0.4 miles out.
For different buyers
For military families relocating
With Dam Neck Annex and NAS Oceana both sitting seven minutes away, 205 Lake Drive is a practical choice for active-duty personnel and their families. A VA loan can make ownership here straightforward, and your BAH in the Virginia Beach area is well-suited to a property at this price point and size. Short commutes and a walkable neighborhood make the daily routine noticeably easier.
For first-time buyers
If you're exploring virginia beach condos and compact homes as a first step into ownership, 205 Lake Drive offers a manageable footprint — 949 square feet, one bed, one bath — without sacrificing location. You're walking distance from coffee, dining, parks, and the beach corridor. It's a real home in a real neighborhood, and a genuinely approachable way to plant roots in Virginia Beach.
Frequently asked questions
How far is 205 Lake Drive from Dam Neck Annex?
Dam Neck Annex is approximately seven minutes from 205 Lake Drive by car. That's one of the shorter base commutes you'll find in the Virginia Beach area.
How far is 205 Lake Drive from NAS Oceana?
NAS Oceana is also about seven minutes away, making 205 Lake Drive a convenient location for personnel assigned to either base.
What is the Shadowlawn neighborhood like?
Shadowlawn is a walkable, residential pocket near the Virginia Beach oceanfront — close to dining, coffee, parks, and the boardwalk, but with a quieter, neighborhood feel compared to the resort strip itself.
Is 205 Lake Drive in a flood zone?
Flood zone information for this address is available in the FloodRisk tile on this page, which pulls current FEMA map data for the property.
Are there parks and outdoor spaces near 205 Lake Drive?
Yes — Virginia Legends Park is just 0.1 miles away, and 17th Street Park is about 0.4 miles out, with the Virginia Beach boardwalk and Atlantic shoreline also within easy reach.
Want to know more about 205 Lake Drive or the Shadowlawn area? Tom and Dariya Milan are happy to walk you through the details — reach out anytime.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Location & Street View
205 Lake 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
1
Full Baths
1
Half Baths
0
Approx Sq Ft
949
Stories
1
Fireplaces
0
Flooring
Laminate/LVP, Vinyl
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
220 V Elec, Dishwasher, Disposal, Dryer, Elec Range, Washer
Sale & Tax History
List Price
$279,900
Price / Sq Ft
$295
Annual Taxes
$2,877
Monthly Tax
$240
HOA
None
Tax Rate (effective)
1.03%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Mar 13, 2026 | $279,900 | — |
| Currently listed | — | $279,900 | — |
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:
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
$1,774/moPrincipal & interest
$1,452
Property tax
$240
Home insurance
$82
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 Howard Hanna Real Estate Svcs. · MLS# 10624165
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$279,900
205 Lake DR, VIRGINIABEACH VA 23451
Virginia Beach, Virginia 23451
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