Seller's Agent in 2025
Mandy Farmer
BHHS RW Towne Realty
(757) 214-7246
22 in this area
59 Total Sales
2240 Rio Rancho Dr Virginia Beach, VA 23456
Virginia Beach Central Neighborhood
6
Beds
4.5
Baths
4,210
Sq Ft
0.36
Acres
Highlights
- In Ground Pool
- Finished Room Over Garage
- Recreation Room
- Red Mill Elementary School Rated A
- Craftsman Architecture
- Wood Flooring
About This Home
As of August 2025Welcome to this exquisite 6-bedroom, 4.5-bath Stephen Alexander home in Back Bay at Lago Mar. Spanning over 4,200 sqft, this luxury residence offers soaring coffered ceilings, transom windows, rich hardwood floors, and a flexible layout including a first-floor bedroom with full bath. The chef''s kitchen features a large island, walk-in pantry, and generous storage. Enjoy the all-weather screened porch overlooking a 19,000-gallon heated saltwater pool with spillover spa. The pool house offers storage and is ready for conversion- guest suite, studio, or private bar. Extensive upgrades include a security system, reinforced turf for RV/boat parking, and irrigation. Entertain under the covered porch or relax in the spa-like primary suite with walk-in closet. A 660 sqft 3-car garage, upstairs laundry, and FROG with office enhance functionality. No HOA, with nearby parks, tennis, and just minutes from beaches, dining, and top-rated schools.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,412
Year Built
- Built in 2018
Lot Details
- 0.36 Acre Lot
- Property is Fully Fenced
- Sprinkler System
Home Design
- Craftsman Architecture
- Transitional Architecture
- Traditional Architecture
- Asphalt Shingled Roof
Interior Spaces
- 4,210 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Entrance Foyer
- Home Office
- Recreation Room
- Screened Porch
- Storage Room
- Utility Room
- Crawl Space
- Pull Down Stairs to Attic
- Home Security System
Kitchen
- Breakfast Area or Nook
- Gas Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Main Floor Bedroom
- En-Suite Primary Bedroom
- Walk-In Closet
- In-Law or Guest Suite
- Dual Vanity Sinks in Primary Bathroom
Laundry
- Dryer
- Washer
Parking
- 3 Car Attached Garage
- Finished Room Over Garage
- Garage Door Opener
- Driveway
- On-Street Parking
- Off-Street Parking
Outdoor Features
- In Ground Pool
- Patio
Schools
- Red Mill Elementary School
- Princess Anne Middle School
- Ocean Lakes High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Well
- Gas Water Heater
- Cable TV Available
Community Details
Overview
- No Home Owners Association
- Lagomar Subdivision
Recreation
- Tennis Courts
- Community Playground
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 8, 2025
Closed on
Jul 13, 2025
Sold by
Santo Timothy P and Santo Traci L
Bought by
Kennedy Nathan J and Kennedy Kelly A
Seller's Agent
Mandy Farmer
BHHS RW Towne Realty
Buyer's Agent
Alison Zachary
The Bryant Group
List Price
$1,369,000
Sold Price
$1,320,000
Premium/Discount to List
-$49,000
-3.58%
Views
506
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,988
Avg. Annual Appreciation
-3.18%
Original Mortgage
$340,000
Outstanding Balance
$329,554
Interest Rate
6.67%
Estimated Equity
$968,458
Purchase Details
Closed on
Sep 26, 2018
Sold by
Stephen Alexander Homes Llc
Bought by
Santo Timothy P and Santo Traci L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,800
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 18, 2017
Sold by
Land America Holding Llc A Virginia Limi
Bought by
Stephen Alexander Homes Llc A Virginia L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
3.9%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,320,000 | Old Republic National Title In | |
| Warranty Deed | $854,725 | Attorney | |
| Warranty Deed | $233,500 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $340,000 | No Value Available | |
| Open | $806,500 | VA | |
| Previous Owner | $512,800 | New Conventional | |
| Previous Owner | $580,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Sold | $1,320,000 | -2.2% | $314 / Sq Ft |
| 07/07/2025 07/07/25 | Pending | -- | -- | -- |
| 06/05/2025 06/05/25 | Price Changed | $1,350,000 | -1.4% | $321 / Sq Ft |
| 05/08/2025 05/08/25 | For Sale | $1,369,000 | -- | $325 / Sq Ft |
Source: Real Estate Information Network (REIN)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,412 | $1,088,100 | $350,000 | $738,100 |
| 2024 | $9,412 | $970,300 | $325,000 | $645,300 |
Source: Public Records
Agents Affiliated with this Home
-
Mandy Farmer
-
Alison Zachary
Buyer's Agent in 2025
Alison Zachary
The Bryant Group
(757) 748-9412
4 in this area
47 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10582410
APN: 2414-95-6256
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