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$269,000
701 Gust Ln
Portsmouth, Virginia 23701
MLS# 10638465 · VICTORY PARK · Portsmouth VA
Updated 21 hours ago · Source: REIN MLS
Est. payment
$1,657/mo
Edit below
Price / sq ft
$269
1,000 sq ft
Days on market
0
New listing
HOA
None
Year built
1961
65 yrs old
Beds
3
Full Baths
2
Half Baths
0
Sq Ft
1,000
Garage
No
About this home
Welcome to your dream home where modern sophistication meets effortless living. If you are looking for an updated home, this is it! Come inside to discover a bright and airy floor plan showcasing beautiful new flooring and fresh paint that flows seamlessly throughout the entire layout. The heart of the home is the stunning, fully updated kitchen, which features pristine white shaker cabinets, elegant stone tops, and…
Listed by Jamey Fereday · World Class Realty
VaHome Team property overview
701 Gust Lane is a 1,000-square-foot, three-bedroom, two-bath home built in 1961 in Portsmouth, Virginia. Compact and efficient, it sits minutes from Norfolk Naval Shipyard and a short walk from local dining — a practical footprint in a well-connected part of the city.
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Why this home stands out
What sets 701 Gust Lane apart is its unbeatable proximity to two major installations — Norfolk Naval Shipyard is just seven minutes away and USCG Base Portsmouth is eight. For a household where commute time to the gate matters, that's a genuine daily-life advantage. The 1961 construction gives the home solid mid-century bones, and the three-bedroom layout delivers real flexibility in a compact, easy-to-maintain package.
VICTORY PARK and the Portsmouth real estate market
Portsmouth is one of Hampton Roads' most storied cities, and the area around Gust Lane reflects that layered character. This part of southwestern Portsmouth sits within reach of both working waterfront history and everyday convenience — a mix that's hard to replicate in newer suburban corridors. Streets here are established, lots are mature, and neighbors tend to put down roots. The city itself spans from the revitalized Olde Towne waterfront district to quieter residential pockets like this one, where the pace is unhurried but the connections are fast. Portsmouth shares the Elizabeth River with Norfolk, and that geography shapes everything — the commutes, the culture, and the sense that you're genuinely at the center of the region. Whether you're drawn by the military presence, the affordability relative to neighboring cities, or simply the straightforward access to I-264 and the Downtown Tunnel, Portsmouth rewards people who look past the surface.
What's nearby
Daily errands are easy from Gust Lane. Tony's Crab & Seafood is just 0.1 miles away — practically next door — and Prince Fried Chicken and Southside BBQ are both within half a mile for quick weeknight meals. Amoco and Royal Farms cover your closest grocery and convenience runs at 0.4 and 0.6 miles respectively, with Victory Exxon a mile out as a backup. Coffee options open up at the 0.8-mile mark, where you'll find both Crossings Cafe and Starbucks Coffee Company. Woodland Park is also 0.8 miles away, giving you a green space outlet without a long drive.
For different buyers
For military families relocating
For military households, 701 Gust Lane is hard to beat on commute math alone. Norfolk Naval Shipyard is seven minutes from the front door, and USCG Base Portsmouth is eight. If you're using a VA loan, that short gate-to-door distance translates directly into time back in your day — and makes PCS transitions significantly less stressful when the next set of orders arrives.
For first-time buyers
If you're stepping into homeownership for the first time, a three-bedroom, two-bath home under 1,000 square feet is a manageable starting point — lower utility costs, less to maintain, and room to build equity without overextending. Gust Lane's location near two military installations and everyday conveniences means you're not sacrificing access for affordability. It's a practical first chapter.
Frequently asked questions
How far is 701 Gust Lane from Norfolk Naval Shipyard?
Norfolk Naval Shipyard is approximately seven minutes from 701 Gust Lane by car, making it one of the closest residential options to the shipyard's main gate in the area.
What is the square footage and layout of 701 Gust Lane?
The home offers 1,000 square feet of living space configured as three bedrooms and two full bathrooms — a compact but functional layout well-suited to small households or those who prefer lower maintenance.
Is 701 Gust Lane in a flood zone?
Flood zone information for this address is displayed in the FloodRisk tile on this page, which pulls current FEMA map data for the property's specific parcel.
What year was 701 Gust Lane built?
The home was built in 1961, giving it mid-century construction characteristics typical of established Portsmouth neighborhoods developed during the postwar era.
Are there parks or green spaces near 701 Gust Lane?
Woodland Park is about 0.8 miles from the address, offering a nearby outdoor option for walks, recreation, or time outside without a significant drive.
Tom and Dariya Milan at LPT Realty know Portsmouth inside and out. Reach out to get honest answers about 701 Gust Lane and what it could mean for your next move.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Places within ~1 mile, ordered by distance from this property. Powered by Google Places.
Flood Risk
Property Details
Bedrooms
3
Full Baths
2
Half Baths
0
Approx Sq Ft
1,000
Stories
1
Fireplaces
0
Flooring
Laminate/LVP
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
Dishwasher, Disposal, Dryer Hookup, Microwave, Elec Range, Washer Hookup
Sale & Tax History
List Price
$269,000
Price / Sq Ft
$269
Annual Taxes
$2,196
Monthly Tax
$183
HOA
None
Tax Rate (effective)
0.82%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Jun 5, 2026 | $269,000 | — |
| Currently listed | — | $269,000 | — |
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 Portsmouth
Homes for sale in Portsmouth, VA combine historic charm with the most affordable entry prices in Hampton Roads. Olde Towne Portsmouth (23704) features cobblestone streets and Federalist-era row houses overlooking the Elizabeth River, with active listings typically ranging $250K-$500K. Western Portsmouth's Churchland neighborhood (23703) offers larger suburban homes, top schools, and direct commutes to Norfolk Naval Shipyard. Park View (23707) and Cradock (23702) provide some of the most affordable single-family inventory in the region, often under $200K. Portsmouth's biggest employers are Norfolk Naval Shipyard (one of the largest ship-repair facilities in the country) and Naval Medical Center Portsmouth — Hampton Roads' largest military hospital. Active-duty military and shipyard families make up a significant share of buyers, and VA loan financing is common. Portsmouth Public Schools includes Churchland High, Manor High, and I.C. Norcom High; Churchland is consistently among the city's top-performing high schools. Buyers looking for waterfront views without Virginia Beach prices often find Portsmouth's Olde Towne and Hodges Ferry areas particularly attractive. Browse every active Portsmouth listing below, refreshed hourly from the REIN MLS.
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
$1,657/moPrincipal & interest
$1,396
Property tax
$183
Home insurance
$78
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 World Class Realty · MLS# 10638465
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$269,000
701 Gust LN, PORTSMOUTH VA 23701
Portsmouth, Virginia 23701
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