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Virginia BeachLITTLE NECK COVE988 Michaelwood Dr✓ Source: REIN MLS #10637941 · record updated Jun 15, 2026 · synced every 2 min · your inquiry is never resold
988 Michaelwood DR, VIRGINIABEACH VA 23452 - Main photo
988 Michaelwood DR, VIRGINIABEACH VA 23452 - Photo 2
988 Michaelwood DR, VIRGINIABEACH VA 23452 - Photo 3
988 Michaelwood DR, VIRGINIABEACH VA 23452 - Photo 4
988 Michaelwood DR, VIRGINIABEACH VA 23452 - Photo 5
$2,900,000
$681 / sqft · est. $16,533/mo →
6beds
5baths
4,256sqft
11days on market

988 Michaelwood Dr, Virginia Beach, VA 23452

ActiveResidential · 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

About this home

The listing, in the seller's words

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

VaHome team overview

Our read on this home

At a glance

988 Michaelwood Drive is a seven-bedroom, six-bath home on 1.65 acres in Little Neck Cove, Virginia Beach. Built in 1910, it delivers rare historic character, generous square footage, and a sprawling lot just minutes from two major military installations.

Read the full overview ↓

Why this home stands out

Properties like 988 Michaelwood Drive don't come along often. You're looking at 4,578 square feet of living space on nearly two acres inside Virginia Beach city limits — a combination that's genuinely hard to find. The 1910 construction date gives this home more than a century of architectural character, and the seven-bedroom layout means there's room for extended family, a home office, a gym, or whatever your life actually calls for.

LITTLE NECK COVE and the Virginia Beach real estate market

Little Neck Cove sits in the heart of Virginia Beach's established North End corridor, where mature tree canopies line quiet residential streets and neighbors tend to stay for decades. The area has a distinctly unhurried feel — large lots, older homes with real bones, and a community identity that predates the city's rapid postwar growth. If you've been searching terms like 'siebert realty va beach va' while researching this part of town, you already know how rarely oversized properties surface here. Virginia Beach as a city wraps around you with every convenience — shopping, dining, and the oceanfront — while Little Neck Cove itself keeps things calm and spacious. The surrounding streets are walkable to green space, and the broader neighborhood draws people who want room to breathe without trading away urban access. At 1.65 acres, 988 Michaelwood Drive represents one of the larger residential parcels in this zip code, making it a standout even within a neighborhood already known for generous lot sizes.

What's nearby

Step outside and you're genuinely close to a lot. Little Neck Park and Kings Grant Park are both within 0.6 miles — easy walking or a quick bike ride for morning runs or weekend afternoons with kids. Brill Field, another green space, is just 0.8 miles away, adding even more outdoor options to your daily rotation. When you're ready to eat, Raised & Braised is right at 0.6 miles — a local spot worth knowing. The combination of multiple parks within a half-mile radius and a walkable restaurant makes daily life here feel unusually convenient for a property sitting on nearly two acres.

For different buyers

For military families relocating

JEB Little Creek-Fort Story is nine minutes away, and NAS Oceana is ten — two major installations within a short commute of the same address. For a military family weighing BAH against housing costs, a seven-bedroom home on 1.65 acres gives you real flexibility: space for family visits, a dedicated workspace, or a roommate arrangement that helps offset expenses. A VA loan could make this historic property more accessible than you'd expect.

For buyers drawn to character

If you've grown tired of subdivisions where every house looks like its neighbor, 988 Michaelwood Drive is a different conversation. A home built in 1910 carries details you simply can't replicate — proportions, craftsmanship, and a sense of permanence that newer construction rarely achieves. Pair that with nearly two acres in an established Virginia Beach neighborhood and you have something genuinely rare: a property with a story already written, waiting for its next chapter.

More buyer questions

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

The drive from 988 Michaelwood Drive to JEB Little Creek-Fort Story takes approximately nine minutes under normal traffic conditions. That's one of the shorter base commutes you'll find for a property this size in Virginia Beach.

How far is 988 Michaelwood Drive from NAS Oceana?

NAS Oceana is roughly ten minutes from 988 Michaelwood Drive, making this address a practical option for personnel assigned to either of the two nearest installations.

What is the lot size at 988 Michaelwood Drive?

The lot measures 1.653 acres, which is unusually large for a residential parcel within Virginia Beach city limits and especially rare in the Little Neck Cove neighborhood.

Is 988 Michaelwood Drive in a flood zone?

Flood zone information for this address is displayed in the dedicated FloodRisk tile on this page, which pulls current FEMA map data for the most accurate and up-to-date designation.

What parks are near 988 Michaelwood Drive?

Little Neck Park, Kings Grant Park, and Brill Field are all within a mile of the property — the first two at just 0.6 miles and Brill Field at 0.8 miles, giving you multiple outdoor options within easy walking distance.

Want to know more about Little Neck Cove or get a closer look at 988 Michaelwood Drive? Tom and Dariya Milan are ready to walk you through every detail — reach out anytime.

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

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Residential

Year built

1910

Price / sqft

$681

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

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 Forest

Kings Forest is an established neighborhood in the central, north-central section of Virginia Beach (ZIP 23452), set between the Thalia and Kings Grant communities near the West Branch of the Lynnhaven River.

$520K

Median sale · 12 mo

$270

Sold $/sq ft

4d

Days on market

3

For sale now

$79K

HH income

69.2%

Owner-occupied

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

Explore Kings Forest
Map of Kings Forest 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

$16,533/mo

Principal & interest

$15,047

Property tax

$639

Home insurance

$846

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.

Value & history

Why the land carries the value

Asking vs. assessment

367% of $790,900

City assessment record · taxes $7,672/yr

Land share of assessed value

76% — $605,000

Improvements $185,900 · assessor record ✓

Why we show no algorithmic estimate.

National AVMs misprice homes whose value drivers they can't see. Instead: the sourced assessment above, the carrying cost, real price history, and honest comparables below.

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

Sale & Tax History

List Price

$2,900,000

Price / Sq Ft

$681

Annual Taxes

$7,672

Monthly Tax

$639

HOA

None

Tax Rate (effective)

0.26%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJun 4, 2026$2,900,000
Currently listed$2,900,000

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

267% 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.

Market tempo

11 days on market — read it in context

Higher-priced homes market more slowly by nature: the buyer pool is smaller and diligence is heavier. Days-on-market at this tier is a rhythm, not a warning.

Questions buyers ask

Real questions, answered from the record

Is 988 Michaelwood Dr in a good school zone?+
The assigned zones on the listing record are Kingston Elementary (GreatSchools 8/10), Lynnhaven Middle (GreatSchools 8/10), First Colonial (GreatSchools 7/10). 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

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.