$525,000 Under Contract
- 2 Beds
- 2 Baths
- 1,498 Sq Ft
- 500 Winston Salem Ave
- Unit 202
- Virginia Beach, VA
Ocean Way Condominiums 500 Winston Salem Ave Unit 101 Virginia Beach, VA 23451
Oceanfront NeighborhoodEstimated payment $4,493/month
Total Views
1,137
2
Beds
2
Baths
1,498
Sq Ft
$387
Price per Sq Ft
Highlights
- Home fronts navigable water
- Access to Tidal Water
- Clubhouse
- W.T. Cooke Elementary School Rated A-
- Fitness Center
- Wood Flooring
About This Home
Take in stunning harbor sunrises and sunsets from this well-maintained Rudee Inlet condo. 2-bed, 2-bath offers coastal living, just a short distance to beach and restaurants. Kitchen features granite counters, tile backsplash, upgraded cabinetry, pantry, modern appliances. Large living area window opens to the patio with great views of the docks, boats and vacation vibes. Spacious primary suite includes an updated en-suite with tile shower. Guest bath has been thoughtfully renovated as well. This clean, move-in ready unit is located in a meticulously cared-for building offering exceptional amenities, including secure entry, pool, sauna & updated fitness center, community room, water, sewer, basic cable and master flood insurance policy. Deeded private parking plus ample guest spaces. Rentals are allowed with a 12-month minimum (8-unit rental cap; currently only 3 rented). One cat or dog allowed up to 15 lbs. Agent parking:202 Garage storage unit:54 This is coastal living at its finest!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,879
Year Built
- Built in 1985
Lot Details
- Property fronts a marsh
- Home fronts navigable water
HOA Fees
- $1,044 Monthly HOA Fees
Home Design
- Property Attached
- Stucco Exterior Insulation and Finish Systems
- Urethane Roof
- Pile Dwellings
Interior Spaces
- 1,498 Sq Ft Home
- 1-Story Property
- Bar
- Ceiling Fan
- Decorative Fireplace
- Window Treatments
- Entrance Foyer
- Utility Closet
- Washer and Dryer Hookup
- Storage Room
- Home Security System
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- En-Suite Primary Bedroom
- 2 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Hydromassage or Jetted Bathtub
Parking
- Garage
- 1 Car Parking Space
- Driveway
- Parking Garage Space
Outdoor Features
- Access to Tidal Water
- Deep Water Access
- Bulkhead
- Balcony
Schools
- W.T. Cooke Elementary School
- Virginia Beach Middle School
- First Colonial High School
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
- Sewer Paid
- Cable TV Available
Community Details
Overview
- The Select Group Association
- Mid-Rise Condominium
- Ocean Way Condominium Subdivision
- On-Site Maintenance
Amenities
- Door to Door Trash Pickup
- Clubhouse
- Elevator
Recreation
- Fitness Center
- Community Pool
Security
- Security Service
Map
About Ocean Way Condominiums
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | $4,879 | $503,000 | $76,700 | $426,300 |
| 2024 | $4,879 | $503,000 | $76,700 | $426,300 |
| 2023 | $4,332 | $437,600 | $66,800 | $370,800 |
| 2022 | $4,127 | $416,900 | $63,600 | $353,300 |
| 2021 | $3,501 | $353,600 | $53,900 | $299,700 |
| 2020 | $3,598 | $353,600 | $53,900 | $299,700 |
| 2019 | $3,461 | $295,400 | $45,100 | $250,300 |
| 2018 | $2,961 | $295,400 | $45,100 | $250,300 |
| 2017 | $2,961 | $295,400 | $45,100 | $250,300 |
| 2016 | $2,823 | $285,200 | $43,500 | $241,700 |
| 2015 | $2,741 | $276,900 | $42,200 | $234,700 |
| 2014 | $2,625 | $254,300 | $38,800 | $215,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/23/2025 10/23/25 | Pending | -- | -- | -- |
Source: Real Estate Information Network (REIN)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $556,000 | Old Republic National Title | |
| Warranty Deed | $410,000 | Advance Title & Abstract Inc | |
| Special Warranty Deed | -- | None Available | |
| Warranty Deed | $375,000 | Attorney | |
| Warranty Deed | $375,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $356,000 | New Conventional |
Source: Public Records
About the Listing Agent
I'm an expert real estate agent with BHHS RW Towne Realty in Virginia Beach, VA and the nearby area, providing home-buyers and sellers with professional, responsive and attentive real estate services. Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells? Give me a call! I'm eager to help and would love to talk to you.
Bill's Other Listings
Source: Real Estate Information Network (REIN)
MLS Number: 10607352
APN: 2427-12-6287-8070
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