32 days on market
$424,999
708 Colony Dr
Chesapeake, Virginia 23322
MLS# 10627438 · ALBEMARLE COLONY · Chesapeake VA
Updated Apr 28, 2026 · Source: REIN MLS
Est. payment
$2,636/mo
Edit below
Price / sq ft
$309
1,377 sq ft
Days on market
32
HOA
None
Year built
1988
38 yrs old
Beds
4
Full Baths
2
Half Baths
0
Sq Ft
1,377
Garage
Yes
Schools
- ElementaryButts Road Primary—
- MiddleHickory Middle School7/10
- 9/10
Info provided by GreatSchools
About this home
Welcome to this 4-bedroom home located in the highly sought-after Hickory School District. Situated on a nice sized lot, this property offers the perfect balance of indoor comfort and outdoor space. Inside, you'll find durable and stylish LVP flooring that flows throughout the main living areas. The spacious layout provides flexibility for both everyday living and entertaining. Step outside onto the deck, for relaxin…
Listed by Shawn Burr · Iron Valley Real Estate HR
VaHome Team property overview
708 Colony Drive is a four-bedroom, two-bath single-family home in Chesapeake's Albemarle Colony subdivision. Built in 1988, it offers 1,377 square feet on a residential lot just minutes from the USCG Finance Center and a short drive to Norfolk Naval Shipyard.
Read full property overview ↓Show less ↑
Why this home stands out
What sets 708 Colony Drive apart is its position in the established Albemarle Colony neighborhood — a quiet, tree-lined pocket of Chesapeake where 1980s construction means solid bones and mature landscaping. Four bedrooms in under 1,400 square feet keeps the layout efficient and easy to maintain, while proximity to two military installations makes daily commuting genuinely straightforward for active-duty households.
ALBEMARLE COLONY and the Chesapeake real estate market
Albemarle Colony sits in the southern tier of Chesapeake, Virginia — a city that consistently ranks among the safest and most livable in the Mid-Atlantic. The subdivision carries the relaxed, established character you'd expect from a neighborhood that's been putting down roots since the late 1980s. Streets here are calm, lots are generously spaced, and the surrounding area blends residential comfort with practical convenience. When people searching for houses for sale chesapeake land on this part of the city, they often find it checks boxes they didn't know they had: low traffic, easy highway access, and a genuine sense of community. Chesapeake as a whole offers a lower-density alternative to Virginia Beach or Norfolk while keeping you well within reach of Hampton Roads' employment corridors, waterways, and amenities. The 23322 zip code in particular draws buyers who want suburban breathing room without sacrificing access.
What's nearby
Daily errands are a non-issue from Colony Drive. Food Lion is 0.8 miles away, and both Kroger and its in-store bakery are just 0.9 miles out — so grocery runs stay quick. When you'd rather let someone else cook, The Spot Family Restaurant and Hotrodders Cafe are both within 0.8 miles, and Taco Bell is right there too. Morning coffee is covered by Dunkin', Hotrodders Cafe, or 7-Eleven, all under a mile. Fitness options are equally close: Universal Fitness, Handsprings Etc., and MY OPEN WORKOUT are all within a mile. Etheridge Lakes Park at 0.7 miles gives you a green-space outlet just around the corner.
For different buyers
For military families relocating
USCG Finance Center Chesapeake is roughly eight minutes from Colony Drive — one of the shortest commutes you'll find in the 23322 zip code. Norfolk Naval Shipyard is about 20 minutes north. For households weighing BAH and looking to put a VA loan to work, this location threads the needle between two installations without stretching the drive to either.
For first-time buyers
If you're buying your first home and want a four-bedroom house in a stable, established neighborhood without the complexity of new construction, 708 Colony Drive is worth a close look. Albemarle Colony is the kind of community where neighbors know each other, the streets are calm, and chesapeake homes for sale 23322 searches regularly surface this area as an approachable entry point into homeownership.
Frequently asked questions
How far is 708 Colony Drive from USCG Finance Center Chesapeake?
The USCG Finance Center Chesapeake is approximately 8 minutes from 708 Colony Drive under normal traffic conditions. It's one of the closest military installations to this address, making it a practical choice for Coast Guard personnel.
How far is 708 Colony Drive from Norfolk Naval Shipyard?
Norfolk Naval Shipyard is roughly 20 minutes north of Colony Drive. The commute runs primarily along well-traveled routes connecting Chesapeake to Portsmouth.
What is the flood zone status for 708 Colony Drive?
Flood zone information for this address is displayed in the FloodRisk tile on this page. We recommend reviewing that section and confirming details with a licensed insurance professional before closing.
Is there an HOA for Albemarle Colony?
Albemarle Colony does not carry a mandatory HOA, which means no required dues or association-governed restrictions for most homeowners — though it's always worth confirming current status during the transaction.
Where is the nearest park to 708 Colony Drive?
Etheridge Lakes Park is the closest green space at just 0.7 miles from the address, making it an easy walk or quick drive for outdoor time.
Ready to see 708 Colony Drive in person? Tom and Dariya Milan at LPT Realty know Albemarle Colony well — reach out and they'll get you through the door.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Location & Street View
708 Colony DR, Chesapeake
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
2
Half Baths
0
Approx Sq Ft
1,377
Stories
1
Fireplaces
0
Flooring
Ceramic, Laminate/LVP
Heating
Nat Gas
Cooling
Central Air
Laundry
Interior Features
Fireplace Wood, Walk-In Attic
Appliances
Dishwasher, Elec Range, Refrigerator
Sale & Tax History
List Price
$424,999
Price / Sq Ft
$309
Annual Taxes
$3,678
Monthly Tax
$307
HOA
None
Tax Rate (effective)
0.87%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Apr 3, 2026 | $424,999 | — |
| Currently listed | — | $424,999 | — |
Public-Records Assessment
Source: Chesapeake via Hampton Roads Regional Parcels. Fetched May 8, 2026.
Total Assessed
$364,200
Land
$185,000
Improvement
$179,200
Parcel ID: 0611008000390 · 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 Chesapeake
Chesapeake is Virginia's second-largest city by area and offers a mix of suburban subdivisions, rural acreage, and waterfront properties along the Intracoastal Waterway. Western Branch, Greenbrier, and Great Bridge are among the most sought-after neighborhoods, with top-rated public schools and easy access to I-64 and the Chesapeake Expressway. The city is known for lower property taxes and larger lot sizes compared to neighboring Virginia Beach and Norfolk, which makes it especially attractive to families looking for more space.
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
$2,636/moPrincipal & interest
$2,205
Property tax
$307
Home insurance
$124
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 Estate HR · MLS# 10627438
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$424,999
708 Colony DR, CHESAPEAKE VA 23322
Chesapeake, Virginia 23322
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