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Virginia BeachLITTLE NECK COVE988 Michaelwood Dr✓ Source: REIN MLS #10637941 · record updated Sep 8, 2026 · synced every 2 min · your inquiry is never resold
988 Michaelwood DR, VIRGINIA BEACH VA 23452 - Main photo
988 Michaelwood DR, VIRGINIA BEACH VA 23452 - Photo 2
988 Michaelwood DR, VIRGINIA BEACH VA 23452 - Photo 3
988 Michaelwood DR, VIRGINIA BEACH VA 23452 - Photo 4
988 Michaelwood DR, VIRGINIA BEACH VA 23452 - Photo 5
6beds
5baths
4,256sqft
85days on market

988 Michaelwood Dr, Virginia Beach, VA 23452

Under ContractResidential · 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

A rare 1910-built, six-bedroom estate on 1.65 acres in Little Neck Cove — one of Virginia Beach's most established enclaves — offering 4,256 square feet of living space, five full baths, and a lot size that almost never surfaces this close to the coast.

Read the full overview ↓

Why this home stands out

Properties like 988 Michaelwood Drive don't come along often. A 1910 build on a 1.65-acre lot in Virginia Beach puts this address in genuinely rare company — the land alone sets it apart from virtually every newer subdivision nearby. Six bedrooms and five baths give large or multi-generational households real breathing room, while the historic bones of the home carry the kind of character that simply cannot be replicated by new construction.

LITTLE NECK COVE and the Virginia Beach real estate market

Little Neck Cove sits in the western reaches of Virginia Beach, tucked between the Lynnhaven River corridor and the mature tree canopy that defines this part of the city. It's the kind of neighborhood where lots run large, streets stay quiet, and neighbors tend to put down roots for the long haul. The area has a distinctly established feel — think wide setbacks, mature landscaping, and a pace of life that contrasts sharply with the busier resort-strip side of Virginia Beach. Virginia Beach itself is the largest city in Virginia by land area, and the western neighborhoods like Little Neck Cove offer a suburban depth that surprises many newcomers. You're never far from the water — the Lynnhaven River and its tributaries thread through the surrounding area — yet daily errands, dining, and green space are all within easy reach. Families comparing homes for sale in 23452 will find this zip code covers some of the most sought-after residential pockets the city offers.

What's nearby

Daily life is easy from Michaelwood Drive. Raised & Braised, a well-regarded local restaurant, is just half a mile away — close enough for a weeknight dinner without the commute. Little Neck Park and Kings Grant Park are both within six-tenths of a mile, giving you accessible green space for morning walks, weekend pickup games, or simply letting kids roam. Brill Field rounds out the park options at 0.7 miles. It's a genuinely walkable cluster of amenities for a neighborhood that otherwise feels refreshingly removed from the city's busier corridors.

For different buyers

For military families relocating

JEB Little Creek-Fort Story is a nine-minute drive, and NAS Oceana is ten minutes in the other direction — an unusually convenient position for dual-military households or anyone weighing a VA loan purchase in a stable, established neighborhood. Six bedrooms handle PCS moves with ease, and 1.65 acres means there's room to spread out between deployments.

For families upgrading

If your current home has outgrown your family, 988 Michaelwood Drive answers the call. Six bedrooms, five baths, and 4,256 square feet give everyone their own space — and the 1.65-acre lot adds the outdoor room that most Virginia Beach homes simply can't offer. Families comparing homes for sale zoned for First Colonial High School and homes for sale zoned for Kingston Elementary School will find this address lands squarely in that zone.

More buyer questions

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

The drive to JEB Little Creek-Fort Story runs about nine minutes under normal traffic conditions, making this one of the closer residential options in the Little Neck Cove area for service members stationed there.

How far is 988 Michaelwood Drive from NAS Oceana?

NAS Oceana is roughly ten minutes away, a straightforward drive that keeps this address competitive for aviation personnel looking at Virginia Beach homes for sale near the base.

What is the lot size at 988 Michaelwood Drive?

The lot measures 1.653 acres — an unusually large parcel for an in-city Virginia Beach address, especially one this close to established parks and dining.

Is 988 Michaelwood Drive in a flood zone?

Flood zone status for this address is detailed in the FloodRisk tile on this page, which pulls current FEMA map data for the parcel.

How old is the home at 988 Michaelwood Drive?

The home was built in 1910, making it one of the older residential structures in the area and a genuine piece of early-twentieth-century Virginia Beach history.

Tom and Dariya Milan at LPT Realty know Little Neck Cove inside and out. Reach out today to schedule a private walkthrough of 988 Michaelwood Drive and get your questions answered.

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

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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

Looking up FEMA flood zone…

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-established Virginia Beach community in the Little Neck and Lynnhaven area, set 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

9

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
ListedJun 15, 2026$2,799,000
Price reducedAug 13, 2026$2,799,000−$101,000
Currently listed$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.

Schedule a private tour

Free, no obligation — your inquiry goes to Tom & Dariya, never resold.

988 Michaelwood Dr, Virginia Beach — photo

See it in person — the record only says so much.

Call or text (757) 777-7577

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.