12 days on market
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$1,500,000
500 Winston Salem Ave #505
Virginia Beach, Virginia 23451
MLS# 10631743 · OCEAN WAY CONDOMINIUM · Virginia Beach VA
Updated 6 days ago · Source: REIN MLS
Est. payment
$8,793/mo
Edit below
Price / sq ft
$536
2,798 sq ft
Days on market
12
New listing
HOA
None
Year built
1985
41 yrs old
Beds
4
Full Baths
3
Half Baths
1
Sq Ft
2,798
Garage
Yes
About this home
Perched above the Virginia Beach coastline, this 4-bedroom, 3.5-bath penthouse offers incredible views of Lake Rudee and the Atlantic Ocean. Designed with a spacious open floor plan, the main living area flows seamlessly to the primary balcony, creating the perfect indoor-outdoor space for entertaining or relaxing with a view. The kitchen overlooks the living and dining areas, maximizing both functionality and natura…
This 4-bedroom, 3.1-bath penthouse in Ocean Way Condominium is listed at $1.5 million ($536 per square foot) and has been on the market for 12 days. Built in 1985, the 2,798-square-foot attached residence features an open floor plan with multiple balconies and views of Lake Rudee and the Atlantic Ocean. Located in Virginia Beach above the coastline, the property offers direct water views and indoor-outdoor entertaining space.
Summary generated by AI from public records and publicly available information.
Listed by Cameron Elliott · AtCoastal Realty
Location & Neighborhood
Location & Street View
500 Winston Salem AVE #505, Virginia Beach
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Flood Risk
Property Details
Bedrooms
4
Full Baths
3
Half Baths
1
Approx Sq Ft
2,798
Stories
2
Fireplaces
0
Flooring
Carpet, Ceramic, Laminate/LVP
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer
Sale & Tax History
List Price
$1,500,000
Price / Sq Ft
$536
Annual Taxes
$6,871
Monthly Tax
$573
HOA
None
Tax Rate (effective)
0.46%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Apr 28, 2026 | $1,500,000 | — |
| Currently listed | — | $1,500,000 | — |
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
$8,793/moPrincipal & interest
$7,783
Property tax
$573
Home insurance
$438
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 AtCoastal Realty · MLS# 10631743
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$1,500,000
500 Winston Salem AVE #505, VIRGINIABEACH VA 23451
Virginia Beach, Virginia 23451
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