19 days on market
$335,000
251 Lake Dr
Virginia Beach, Virginia 23451
MLS# 10632744 · SHADOWLAWN · Virginia Beach VA
Updated 17 hours ago · Source: REIN MLS
Est. payment
$2,079/mo
Edit below
Price / sq ft
$335
1,000 sq ft
Days on market
19
HOA
None
Year built
1983
43 yrs old
Beds
2
Full Baths
1
Half Baths
1
Sq Ft
1,000
Garage
No
About this home
Enjoy amazing lake views from your living room and bedroom in this top-floor condo, located just two blocks from the ocean. This unit offers the best views of Lake Holly and features 2 bedrooms, 1.5 baths, a kitchen with granite countertops and stainless steel appliances, and a washer and dryer. Both the living room and bedroom have balconies with stunning lake views. Recent updates include new balconies, a replaced…
Listed by Holly Mitchell · EXIT Realty Central
VaHome Team property overview
Meet 251 Lake Drive — a 2-bedroom, 1.1-bath home in Virginia Beach's walkable Shadowlawn neighborhood, just steps from the oceanfront strip, two military bases within seven minutes, and a surprising cluster of coffee shops, eateries, and parks right outside your door.
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Why this home stands out
What sets 251 Lake Drive apart is its location geometry: you're sitting at the intersection of everyday convenience and beach-town energy, with Virginia Legends Park two blocks away, Side Street Cantina and 2D Cafe & Eatery within a short stroll, and both Dam Neck Annex and NAS Oceana reachable in roughly seven minutes. For a 1,000-square-foot home built in 1983, it packs a genuinely walkable lifestyle that larger properties in the area simply can't match.
SHADOWLAWN and the Virginia Beach real estate market
Shadowlawn is one of those Virginia Beach neighborhoods that rewards people who actually want to use their neighborhood rather than just park in it. Tucked between the resort strip and the calmer residential blocks to the west, it has a low-key, lived-in character — think local coffee shops, a Latin grocery, and a park you'll actually walk to. The streets are quiet but the energy is close. Virginia Beach Coffee Co is 0.1 miles away, and CoreStrength Center and TakeOver Athletics Shadowlawn are both within a third of a mile if staying active is part of your routine. If you've been browsing va beach condos for sale and wondering whether walkability is possible without sacrificing a neighborhood feel, Shadowlawn answers that question clearly. Virginia Beach as a city wraps this area in solid infrastructure — easy access to the Oceanfront, Atlantic Avenue, and the broader resort district — while Shadowlawn itself stays residential enough to feel like home rather than a hotel corridor.
What's nearby
Daily life is genuinely easy at 251 Lake Drive. Prise's Food Mart is 0.1 miles away for quick grocery runs, and Tienda Latina La Tapatia 2 is under a mile for specialty ingredients. When you want to eat out, Side Street Cantina and 2D Cafe & Eatery are both within a block. Morning coffee is covered by Virginia Beach Coffee Co just down the street. For green space, Virginia Legends Park is 0.2 miles out and 17th Street Park is 0.4 miles — both walkable. Two gyms, CoreStrength Center and TakeOver Athletics Shadowlawn, sit within 0.3 miles, so skipping leg day requires real effort.
For different buyers
For military families relocating
Dam Neck Annex and NAS Oceana are each about seven minutes from 251 Lake Drive — a commute that keeps BAH working hard and leaves real time in your day. The low-maintenance footprint of this 1,000-square-foot home pairs well with the unpredictable schedules military life brings, and a VA loan can make ownership here more straightforward than most people expect.
For first-time buyers
If you're exploring homes for sale in va beach and want something manageable in size, low on upkeep, and high on location, 251 Lake Drive is worth a serious look. Two bedrooms, a compact floor plan, and a walk-everywhere neighborhood mean you're buying into a lifestyle — not just square footage — without overextending on your first purchase.
Frequently asked questions
How far is 251 Lake Drive from Dam Neck Annex?
Dam Neck Annex is approximately seven minutes by car from 251 Lake Drive, making it one of the most convenient addresses in Virginia Beach for personnel assigned there.
How far is 251 Lake Drive from NAS Oceana?
NAS Oceana is also about seven minutes away, so if you work at either base, this address puts both within an easy daily commute.
What is the Shadowlawn neighborhood like in Virginia Beach?
Shadowlawn is a walkable, established neighborhood close to the Virginia Beach Oceanfront, with local restaurants, coffee shops, and parks within a few blocks — it has a relaxed beach-town character without being directly on the resort strip.
Is 251 Lake Drive in a flood zone?
Flood zone status for this address is detailed in the FloodRisk tile on this page — we recommend reviewing it and consulting with your insurance agent before making any decisions.
Does 251 Lake Drive have an HOA?
HOA status for this property is listed in the details section of this page — confirm current requirements directly with the relevant association or your agent.
Want to see 251 Lake Drive in person? Tom and Dariya Milan at LPT Realty know Shadowlawn well — reach out and let's set up a walkthrough.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Location & Street View
251 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
2
Full Baths
1
Half Baths
1
Approx Sq Ft
1,000
Stories
1
Fireplaces
0
Flooring
Carpet, Ceramic, Laminate/LVP
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
Dishwasher, Dryer, Microwave, Elec Range, Refrigerator, Washer
Sale & Tax History
List Price
$335,000
Price / Sq Ft
$335
Annual Taxes
$2,921
Monthly Tax
$243
HOA
None
Tax Rate (effective)
0.87%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | May 1, 2026 | $335,000 | — |
| Currently listed | — | $335,000 | — |
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
$2,079/moPrincipal & interest
$1,738
Property tax
$243
Home insurance
$98
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 EXIT Realty Central · MLS# 10632744
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$335,000
251 Lake DR, VIRGINIABEACH VA 23451
Virginia Beach, Virginia 23451
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