44 days on market
$940,000
417 Terrace Ave
Virginia Beach, Virginia 23451
MLS# 10628452 · SHADOWLAWN HEIGHTS · Virginia Beach VA
Updated 11 hours ago · Source: REIN MLS
Est. payment
$5,902/mo
Edit below
Price / sq ft
$495
1,900 sq ft
Days on market
44
HOA
None
Year built
2026
0 yrs old
Beds
4
Full Baths
3
Half Baths
1
Sq Ft
1,900
Garage
Yes
About this home
New construction custom home in Shadowlawn, just blocks to the oceanfront! Perfect for generational living with a flexible upstairs in-law suite with private entrance ready to customize. Features include custom-tiled bathrooms, upgraded flooring and doors, beautifully appointed finishes, and a durable Hardie Plank & block exterior. Brand-new appliances, roof, and HVAC complete this turnkey opportunity.
Listed by Carrie Copenhaver · Iron Valley Real Est Norfolk
VaHome Team property overview
Meet 417 Terrace Ave — a brand-new 2026-built, 4-bedroom, 3.1-bath home in Shadowlawn Heights, Virginia Beach. At 1,900 square feet, it puts you steps from the waterfront dining scene and just minutes from Dam Neck Annex and NAS Oceana.
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Why this home stands out
New construction in an established coastal neighborhood is genuinely rare, and 417 Terrace Ave delivers exactly that. Built in 2026, this 4-bedroom, 3.1-bath home gives you modern finishes, a fresh mechanical baseline, and a location that walkable waterfront neighborhoods in Virginia Beach rarely offer — all within a half-mile of parks, restaurants, and the inlet.
SHADOWLAWN HEIGHTS and the Virginia Beach real estate market
Shadowlawn Heights sits in the southern stretch of Virginia Beach, tucked between the Linkhorn Bay inlet and the broader resort corridor. It's a low-key, water-adjacent neighborhood where the streets are quiet but the lifestyle is anything but. Docktails VB, The Dock Grill, and Big Sam's Inlet Cafe & Raw Bar are all within a tenth of a mile — the kind of proximity that turns a Tuesday evening into something worth remembering. Grommet Island Park and The Jetty are a short walk away, giving the neighborhood a genuinely outdoor, on-the-water character. For anyone browsing homes for sale virginia beach va, Shadowlawn Heights stands out because it offers that coastal-Virginia-Beach energy without the density of the resort strip. Virginia Beach itself is one of the most livable cities on the East Coast — a military-friendly, family-oriented community with a strong job market, no state income tax on military pay, and year-round access to the water.
What's nearby
Daily life is easy at 417 Terrace Ave. Prise's Food Mart covers quick grocery runs at 0.4 miles, and Tienda Latina La Tapatia 2 is under a mile away for specialty ingredients. Coffee is well covered — Virginia Beach Coffee Co, Zeke's, and a 7-Eleven all sit within 0.4 miles. For fitness, CoreStrength Center is just 0.2 miles out, with TakeOver Athletics Shadowlawn and Kaizen Athletics both nearby. Virginia Legends Park rounds out the green space options at 0.6 miles. You're genuinely within walking distance of a full daily routine.
For different buyers
For military families relocating
Dam Neck Annex is a 6-minute drive and NAS Oceana is 7 minutes away — two of the most active installations in Hampton Roads, both within easy reach. A VA loan pairs naturally with a new-construction home like this, and your BAH at the E-7 through O-3 range aligns well with the Virginia Beach coastal market. No commute stress, no long drives — just a short trip to the gate.
For families upgrading
Four bedrooms and 3.1 baths in a 2026-built home means you're getting the space your family has outgrown its current place for — without inheriting someone else's deferred maintenance. Shadowlawn Heights is a neighborhood where kids can walk to the park, parents can walk to dinner, and the whole family benefits from that rare combination of new construction and a genuinely established, character-filled street.
Frequently asked questions
How far is 417 Terrace Ave from Dam Neck Annex?
Dam Neck Annex is approximately 6 minutes by car from 417 Terrace Ave, making it one of the closest residential options to the base in Virginia Beach.
How far is 417 Terrace Ave from NAS Oceana?
NAS Oceana is about 7 minutes away by car — a straightforward, low-traffic commute for most duty schedules.
What is the flood zone status for 417 Terrace Ave?
Shadowlawn Heights is a coastal neighborhood, so flood zone designation is worth reviewing carefully — check the FloodRisk tile on this page for the current FEMA designation specific to this address.
Is there an HOA for Shadowlawn Heights?
Shadowlawn Heights does not carry a mandatory HOA, which means no association dues or governing restrictions on the property.
What year was 417 Terrace Ave built?
417 Terrace Ave was built in 2026, making it brand-new construction with modern systems, current building codes, and no deferred maintenance concerns.
Ready to walk through 417 Terrace Ave? Tom and Dariya Milan at LPT Realty know Shadowlawn Heights well — reach out and they'll get you in the door.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Location & Street View
417 Terrace AVE, 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
4
Full Baths
3
Half Baths
1
Approx Sq Ft
1,900
Stories
2
Fireplaces
0
Flooring
Laminate/LVP
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
Dishwasher, Dryer Hookup, Microwave, Elec Range, Refrigerator, Washer Hookup
Sale & Tax History
List Price
$940,000
Price / Sq Ft
$495
Annual Taxes
$9,000
Monthly Tax
$750
HOA
None
Tax Rate (effective)
0.96%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Apr 6, 2026 | $940,000 | — |
| Currently listed | — | $940,000 | — |
Public-Records Assessment
Source: Virginia Beach via Hampton Roads Regional Parcels. Fetched May 11, 2026.
Total Assessed
$456,800
Land
$400,000
Improvement
$56,800
Parcel ID: 24271257660000 · 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
$5,902/moPrincipal & interest
$4,877
Property tax
$750
Home insurance
$274
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 Iron Valley Real Est Norfolk · MLS# 10628452
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$940,000
417 Terrace AVE, VIRGINIABEACH VA 23451
Virginia Beach, Virginia 23451
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