57 days on market
$525,000
500 Winston Salem Ave #103
Virginia Beach, Virginia 23451
MLS# 10626342 · OCEAN WAY CONDOMINIUM · Virginia Beach VA
Updated 2 days ago · Source: REIN MLS
Est. payment
$3,289/mo
Edit below
Price / sq ft
$350
1,498 sq ft
Days on market
57
HOA
None
Year built
1985
41 yrs old
Beds
2
Full Baths
2
Half Baths
0
Sq Ft
1,498
Garage
Yes
About this home
Breathtaking views of Rudee Inlet in the heart of the Vibe District! Rare 1st floor unit w/ newer appliances, built ins, jetted tub, tile backsplash, wet bar + private balcony. Community includes pool, gym, party room, covered parking & storage, basic cable, water/sewer, master insurance, + security entrance! Bedroom fireplace conveys as-is. Some personal property for sale under separate bill of sale. Enter from Med…
Listed by Ken Longo · Howard Hanna Real Estate Svcs.
VaHome Team property overview
Meet 500 Winston Salem Ave #103 — a 1,498-square-foot, two-bed, two-bath condo in Virginia Beach built in 1985, sitting steps from the waterfront with Dam Neck Annex and NAS Oceana each less than ten minutes away.
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Why this home stands out
What sets this ground-floor condo apart is the rare combination of genuine waterfront proximity and everyday practicality. At 1,498 square feet, the floorplan gives two full bedrooms and two full baths real breathing room — uncommon at this size class. Add a walkable cluster of waterfront dining right outside the door and two major military installations reachable in under ten minutes, and the address earns its place on a short list.
OCEAN WAY CONDOMINIUM and the Virginia Beach real estate market
Unit 103 sits in the Shore Drive corridor of Virginia Beach, a stretch of coastline that feels distinctly different from the resort strip — quieter, more residential, and deeply rooted in the water. The surrounding blocks mix low-rise condos with single-family homes, and the vibe leans toward people who actually live here year-round rather than just visit. If you've been searching for a home for sale virginia beach va that puts you inside the lifestyle rather than adjacent to it, this zip code delivers. Virginia Beach itself is the most populous city in the Commonwealth, covering a wide range of neighborhoods from the Oceanfront to the rural Agricultural Reserve. The 23451 zip puts you on the northern end of the beach, close to Chesapeake Bay access, with the Atlantic a short ride east. It's a city that rewards people who want outdoor recreation, a strong military community, and a genuine sense of place — all without sacrificing urban convenience.
What's nearby
Daily life is easy here. Prise's Food Mart handles quick grocery runs at just 0.4 miles, and Tienda Latina La Tapatia 2 is under a mile for specialty finds. For coffee, you have three options within half a mile — Zeke's, Virginia Beach Coffee Co, and a 7-Eleven for early-morning runs. When it's time to eat, Docktails VB is essentially at your doorstep, with The Dock Grill and Big Sam's Inlet Cafe & Raw Bar both within a tenth of a mile. Fitness options are solid too: CoreStrength Center is 0.3 miles away, TakeOver Athletics Shadowlawn and Kaizen Athletics round out the choices nearby. Grommet Island Park, The Jetty, and Marshview Park (Southside) are all under a mile for outdoor time.
For different buyers
For military families relocating
Dam Neck Annex is a six-minute drive and NAS Oceana is seven minutes out — two of Hampton Roads' key installations within easy reach. A VA loan can make ownership here straightforward, and BAH rates for the Virginia Beach area align well with this price range. Whether you're PCS-ing in or already stationed locally, the commute math works in your favor.
For buyers drawn to character
There's a lot to love if you're drawn to a home with a sense of place rather than a generic subdivision. The Shore Drive corridor has personality — waterfront restaurants steps away, parks along the bay, a tight-knit community of year-round residents. A 1985 build means the bones are solid and the floorplans were designed with livable square footage in mind, not just maximized unit counts. This is Virginia Beach for sale at its most authentic.
Frequently asked questions
How far is 500 Winston Salem Ave #103 from Dam Neck Annex?
Dam Neck Annex is approximately six minutes by car from this address. The straightforward route along Shore Drive makes the daily commute predictable regardless of the time of day.
How far is 500 Winston Salem Ave #103 from NAS Oceana?
NAS Oceana is about seven minutes away by car. That puts two major Virginia Beach installations within a combined ten-minute radius of this address.
Is 500 Winston Salem Ave #103 in a flood zone?
Given its location in the Shore Drive waterfront corridor of Virginia Beach, flood zone status is worth reviewing carefully — check the FloodRisk tile on this page for the current FEMA designation and what it means for insurance.
Does 500 Winston Salem Ave #103 have an HOA?
Yes, this condo is part of a homeowners association. Specific fee amounts and what they cover are best confirmed through current association documents at the time of your inquiry.
What is the walkability like around 500 Winston Salem Ave #103?
Walkability is a genuine strength here — waterfront restaurants, a park, a gym, and a grocery store are all within half a mile, making it easy to handle a good portion of daily errands and leisure on foot.
Ready to see 500 Winston Salem Ave #103 in person? Tom and Dariya Milan at LPT Realty know this corridor 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
500 Winston Salem AVE #103, 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
2
Half Baths
0
Approx Sq Ft
1,498
Stories
1
Fireplaces
0
Flooring
Ceramic, Laminate/LVP
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer
Sale & Tax History
List Price
$525,000
Price / Sq Ft
$350
Annual Taxes
$4,939
Monthly Tax
$412
HOA
None
Tax Rate (effective)
0.94%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Mar 23, 2026 | $525,000 | — |
| Currently listed | — | $525,000 | — |
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
$3,289/moPrincipal & interest
$2,724
Property tax
$412
Home insurance
$153
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# 10626342
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$525,000
500 Winston Salem AVE #103, VIRGINIABEACH VA 23451
Virginia Beach, Virginia 23451
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