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Virginia Beach › LITTLE NECK COVE › 988 Michaelwood Dr✓ Source: REIN MLS #10637941 · record updated Sep 28, 2026 · synced every 2 min · your inquiry is never resold
988 Michaelwood DR, VIRGINIA BEACH VA 23452 - Main photo
6beds
5baths
4,256sqft
85days on market

988 Michaelwood Dr, Virginia Beach, VA 23452

SoldResidential · built 1910 · LITTLE NECK COVE

Chapter · The Water

Life on the water

The waterfront is the reason this home exists. Its water record, straight from the listing: Deep Water, Deep Water Access, Dock, Navigable, Tidal.

Frontage

Tidal ✓ VERIFIED

Dock

Dock

Access

Deep-water access

Source: REIN MLS listing record · waterfront features as listed

Facts & features

Type

Residential

Year built

1910

Price / sqft

$658

HOA

None

Taxes

$7,672/yr

County

Virginia Beach VA

Waterfront

Yes

MLS #

10637941

Interior

Bedrooms
6
Full baths
5
Approx. sqft
4,256
Stories
3
Flooring
Ceramic, Wood
Ensuite bedrooms
3
Total rooms
10
Other rooms
Balcony, Breakfast Area, Foyer, PBR with Bath, Pantry, Porch, Unfin.Rm Over Gar, Utility Room, Workshop
Appliances
Dishwasher, Disposal, Dryer, Microwave, Gas Range, Refrigerator, Washer
Equipment
Gar Door Opener, Generator Hookup, Security Sys

Construction & exterior

Style
Colonial, Traditional
Subtype
Detached
Foundation
Basement, Crawl
Roof
Asphalt Shingle
Exterior
Fiber Cement,Wood
Sustainability
Recirculation Hot Water
Pool
No Pool
Waterfront
Deep Water,Deep Water Access,Dock,Navigable,Tidal
Deep-water access
Yes

Utilities & systems

Heating
Electric, Forced Hot Air, Nat Gas, Zoned
Cooling
Central Air, Zoned
Water heater
Electric
Water
City/County
Sewer
City/County

Lot, parking & ownership

Lot size
1.6300
Subdivision
LITTLE NECK COVE
Zoning
R40
Ownership
Fee Simple
Garage
Yes
Parking
Garage Det 2 Car, Multi Car, Driveway Spc
Possession
SETTLE
Disclosures
Disclosure Statement, Owner Agent

See more Virginia Beach waterfront homes.

Sources: REIN MLS record · city assessor · null fields are suppressed, never faked

About this home

Discover this extraordinary Little Neck home, a spectacular 1910 private residence nestled on its own peninsula. This rare waterfront estate has been thoughtfully renovated to honor its rich architectural character while introducing 21st-century luxury. The home masterfully blends original style - including grand proportions, timeless millwork, soaring ceilings, and details - with sophisticated modern updates, including a gourmet chef's kitchen, spa-inspired primary suite, and high-end finishes. Spanning generous living spaces with 6 bedrooms and 5 full bathrooms in the main home, plus another bed/full bath attached to the newly constructed detached garage. This home delivers breathtaking views from nearly every room and an unparalleled setting for both intimate living and entertaining. Surrounded by water the property delivers privacy/serenity while being minutes to shopping, interstates, the beach & Town Center! Top rated public schools, bike path, parks & tennis courts, and more!

Listing courtesy of Holly Fisher · BHHS RW Towne Realty · REIN MLS #10637941

Tom & Dariya's overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · Brokered by LPT Realty

At a glance

Meet 988 Michaelwood Drive, a six-bedroom, five-bath home on 1.65 acres in Little Neck Cove. Built in 1910 and spanning 4,256 square feet, this residence sits minutes from JEB Little Creek-Fort Story and NAS Oceana. You're in the heart of Virginia Beach homes for sale with space, character, and proximity to base.

Keep searching in Virginia Beach

See all Virginia Beach homes for sale, including homes for sale in 23452, homes for sale zoned for First Colonial High School, and homes for sale zoned for Kingston Elementary School. Browse every listing among homes for sale in Virginia Beach — updated from the REIN MLS every few minutes. Nearby, look at Kings Grant homes for sale, Virginia Beach waterfront homes for sale, Virginia Beach condos and townhomes for sale, and new construction homes in Virginia Beach.

Read the full overview ↓

Why this home stands out

This 1910 home anchors a rare 1.65-acre lot—uncommon in Little Neck Cove. Six bedrooms and five bathrooms give you room to spread out, work from home, or host. The 4,256 square feet reflect a thoughtful layout built for a different era and updated for today. You'll find mature landscaping, established neighborhood roots, and the kind of scale that makes daily life unhurried.

LITTLE NECK COVE and the Virginia Beach real estate market

Little Neck Cove is a quiet, tree-lined neighborhood where wide lots and older homes define the streetscape. Residents enjoy a village feel despite being inside Virginia Beach proper. The area has strong neighborhood character—tree canopy, low traffic, and a sense of established community. Virginia Beach itself is a major city with a working waterfront, Naval Station Norfolk nearby, and a downtown core that's walkable and growing. Getting around is straightforward: I-64 connects you to the Peninsula and beyond. The 23452 zip code sits in the eastern part of the city, close to the water and military installations. Anyone comparing homes for sale in 23452 will notice this address offers acreage and breathing room.

What's nearby

Little Neck Park sits just half a mile away, offering green space and a neighborhood gathering point. Kings Grant Park and Brill Field are within a mile, rounding out your outdoor options. Raised&Braised, a local restaurant, is a short drive for dinner without leaving the neighborhood feel. These nearby spots make daily life convenient while keeping the area quiet and residential. You're never far from both recreation and dining.

For different buyers

Base commute and VA loan notes

JEB Little Creek-Fort Story is about nine minutes away; NAS Oceana is ten. Both bases are straightforward commutes. VA loan financing is common in this area, and the home's size and lot scale mean you're not outgrowing the space quickly. Move-in condition and established utility infrastructure support a smooth transition.

Room to grow

Six bedrooms and five bathrooms let everyone have their own space. The 1.65-acre lot is large enough for a yard, garden, or future projects without feeling cramped. Storage and layout across 4,256 square feet give you room to grow without moving again soon. The neighborhood's quiet streets and nearby parks add to the appeal for households seeking space and calm.

More buyer questions

How far is 988 Michaelwood Drive from JEB Little Creek-Fort Story?

About nine minutes by car. NAS Oceana is ten minutes away, making this a convenient location for either base.

What is the lot size at this address?

The property sits on 1.653 acres, which is substantial for Little Neck Cove and offers rare space and privacy in the neighborhood.

When was this home built?

The home was built in 1910 and has been maintained and updated over the years, blending period character with modern livability.

Are there parks nearby?

Yes. Little Neck Park is half a mile away, Kings Grant Park is 0.6 miles, and Brill Field is 0.7 miles—all within easy reach for outdoor activity.

What schools are nearby if I am comparing homes for sale zoned for First Colonial High School or homes for sale zoned for Kingston Elementary School?

Both schools serve this area. Check the Schools tile on this listing for enrollment zones, ratings, and distance details.

Ready to explore 988 Michaelwood Drive? Contact Tom & Dariya Milan to schedule a tour and see how this home fits your life.

Summary generated by AI from public records and publicly available information.

Homes like this one sell fast — see the next one first

Virginia Beach$2.4M – $3.2M6+ beds

By subscribing you agree to receive listing emails from Tom & Dariya Milan, Realtors, at most one a day. Unsubscribe anytime · Privacy PolicyBrokered by LPT Realty

Schools

VaHome School Score

Our own 1–10 rating, scored from Virginia Department of Education data.

VaHome School Score — calculated by VaHome.com from Virginia Department of Education assessment, progress, and attendance data. Attendance zones come from the MLS listing record; confirm the current zone with the school division before making an offer.

Flood & environment

FEMA flood zone X · outside the high-risk area · FIRM 515531

Flood Risk (FEMA)

Source: FEMA National Flood Hazard Layer · FIRM 515531

Low / Moderate Risk

FEMA flood zone

X (low to moderate risk)

Base flood elevation

Not applicable in low-risk zones

Zone X is outside the Special Flood Hazard Area; FEMA doesn\u2019t define a BFE here.

Property elevation

14.3 ft above sea level

USGS 3DEP digital elevation model

Outside the high-risk Special Flood Hazard Area. Federal flood insurance is NOT required, though optional preferred-rate NFIP coverage is still worth considering in coastal Hampton Roads.

Data sources: Flood zone and base flood elevation come from FEMA\u2019s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service \u2014 actual elevations across a single property can vary by several feet higher or lower than the figure shown. Use these numbers as a starting reference and do your own due diligence (a professional survey or elevation certificate) before relying on them for any financial, insurance, or construction decision.

Hurricane Evacuation Zone

Evacuation Zone D

Source: Virginia Dept. of Emergency Management — Know Your Zone

Explore this neighborhood

Kings Grant

Kings Grant is a long-settled Virginia Beach neighborhood in the Little Neck and Lynnhaven area. It sits off Little Neck Road near the Eastern Branch of the Lynnhaven River.

$620K

Median sale · 12 mo

$282

Sold $/sq ft

10d

Days on market

10

For sale now

$117K

HH income

82.4%

Owner-occupied

REIN MLS closed sales, trailing 12 mo · U.S. Census ACS 2024 5-year

Explore Kings Grant →
Map of Kings Grant with neighborhood boundaryNeighborhood

houses for sale in Virginia Beach →

Location intelligence

Minutes to real places, not a score

Location & Neighborhood

Places within ~1 mile, ordered by distance from this property. Powered by Google Places.

Military Commute

Drive times to nearest bases

Drive 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.

The numbers

Run the real carrying cost

Homes at this tier often trade in cash or portfolio financing — the calculator below shows a financed view; taxes are from the public record.

Estimate your monthly payment

$15,979/mo

Principal & interest

$14,523

Property tax

$639

Home insurance

$816

PMI

None

HOA/Condo (paid separately)

None

Estimate only. Association (HOA/condo) fees are paid separately and are not included in the payment above. 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.

Value & history

Why the land carries the value

Asking vs. assessment

354% of $790,900

City assessment record · taxes $7,672/yr

Land share of assessed value

76% — $605,000

Improvements $185,900 · assessor record ✓

Price context — similar nearby homes

$715,000 – $2,200,000

The 6 most similar homes nearby (same city, within ~20% of this size, ~2.5 mi; 6 sold). Context for judging the asking price — not an appraisal or an estimate of this home's value.

1236 Southfield PL · 0.2 mi · 3,843 sqft$1,050,000 sold 2026-05
3812 Chelwood LN · 0.3 mi · 3,868 sqft$715,000 sold 2026-07
1049 Ducking Point TRL · 0.7 mi · 4,439 sqft$2,200,000 sold 2026-07

Own a home nearby? See what it is worth today — What's your Virginia Beach home worth?

Sale & Tax History

List Price

$2,799,000

Price / Sq Ft

$658

Annual Taxes

$7,672

Monthly Tax

$639

HOA

None

Tax Rate (effective)

0.27%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJul 5, 2026$2,799,000—
Price reducedAug 13, 2026$2,799,000−$101,000
SoldSep 25, 2026$2,799,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

254% above assessment

Total Assessed

$790,900

Land

$605,000

Improvement

$185,900

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:

Virginia Beach Real Estate Assessor

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.

Questions buyers ask

Is 988 Michaelwood Dr in a good school zone?+
The assigned zones on the listing record are Kingston Elementary (VaHome School Score 9.5/10), Lynnhaven Middle (VaHome School Score 6/10), First Colonial (VaHome School Score 7.4/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 988 Michaelwood Dr in a flood zone?+
FEMA maps this parcel in Zone X, outside the high-risk Special Flood Hazard Area. See the flood section on this page for details and sources.
Are there parks near 988 Michaelwood Dr?+
Little Neck Park is about 0.6 miles away.
Is 988 Michaelwood Dr a waterfront property?+
Yes. The listing record shows: Deep Water,Deep Water Access,Dock,Navigable,Tidal.
Does 988 Michaelwood Dr have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 988 Michaelwood Dr built?+
It was built in 1910, per the listing record.

Answers generated from the listing record, verified school zones, FEMA data, and cached nearby-places data — never invented.

The people

You'll talk to a person, not a lead queue

TD

Tom & Dariya Milan

Brokered by LPT Realty · Hampton Roads · answer their own phone

✓ Your inquiry goes to Tom & Dariya — never sold to strangers

Listing courtesy of Holly Fisher · BHHS RW Towne Realty · REIN MLS #10637941

Call or text (757) 777-7577

Ask Dariya — instant answers

Schools, flood, drive times, what it really costs to own — answered from this page's data, by chat or voice.

This home has sold

Curious what it means for your own plans? Ask about similar homes nearby, or what your home might sell for in this market.

🏡 Similar homes for saleWhat's my home worth?
988 Michaelwood Dr, Virginia Beach — photo

This one's sold — the next one doesn't have to be.

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988 Michaelwood Dr, Virginia Beach, Virginia 23452 · MLS #10637941 · Source: REIN MLS + public record. Information deemed reliable but not guaranteed — verify independently. School zones subject to change; confirm with the local school division. All locations are described by neutral geographic fact. Equal Housing Opportunity.

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