Ocean Way Condominiums 500 Winston Salem Ave Unit 105 Virginia Beach, VA 23451
Oceanfront Neighborhood
2
Beds
2
Baths
1,498
Sq Ft
1985
Built
Highlights
- Property Fronts a Bay or Harbor
- Fitness Center
- Clubhouse
- W.T. Cooke Elementary School Rated A-
- Deep Water Access
- Community Pool
About This Home
As of March 2025This is your chance to own a piece of coastal living in one of Virginia Beach's premier waterfront condominiums. Amenities include security, basic cable, pool, exercise room, sauna, water, flood/hazard insurance, grounds & building maintenance, trash removal, reserved parking, storage in the garage and so much more. You can bike and walk to restaurants, boardwalk, & beach. This beautiful condo has one of the LARGEST balconies in the building with spectacular views of the ocean and Rudee Inlet. This stunning property has it all from sunrise to sunset this is undeniably a special place to call home!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,311
Year Built
- Built in 1985
Lot Details
- Property Fronts a Bay or Harbor
HOA Fees
- $886 Monthly HOA Fees
Parking
- Garage
Home Design
- Property Attached
- Slab Foundation
- Stucco Exterior Insulation and Finish Systems
- Asphalt Shingled Roof
Interior Spaces
- 1,498 Sq Ft Home
- 1-Story Property
- Bar
- Ceiling Fan
- Storage Room
- Washer and Dryer Hookup
- Utility Room
- Bay Views
Kitchen
- Breakfast Area or Nook
- Electric Range
- Dishwasher
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Deep Water Access
- Balcony
Schools
- W.T. Cooke Elementary School
- Virginia Beach Middle School
- First Colonial High School
Utilities
- Central Air
- Floor Furnace
- Electric Water Heater
- Sewer Paid
- Cable TV Available
Community Details
Overview
- Brian Devost 757 428 5058 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 17, 2024
Closed on
Mar 24, 2025
Sold by
Roots Philip R and Roots Elena Maria
Bought by
Grim Joshua F and Grim Josephine J
Seller's Agent
Mandelyn Gray
BHHS RW Towne Realty
Buyer's Agent
Sally Payne
LPT Realty LLC
List Price
$534,900
Sold Price
$515,000
Premium/Discount to List
-$19,900
-3.72%
Views
76
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
$9,123
Avg. Annual Appreciation
5.00%
Purchase Details
Closed on
Jun 5, 2017
Sold by
Roots Philip R
Bought by
Roots Philip R and Roots Elena Maria
Purchase Details
Closed on
Mar 27, 2015
Sold by
Roots Philip R
Bought by
Roots Trustee Philip R and The Philip Raymond Roots Revoc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.67%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 1, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Roots Philip R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 21, 2013
Sold by
Samuel I White Pc Sub Tr
Bought by
Federal Home Loan Mortgage Corporation
Purchase Details
Closed on
Dec 1, 2006
Sold by
Lloyd K Newman Sr - Tr
Bought by
Goode Clara
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,600
Interest Rate
6.18%
Mortgage Type
New Conventional
Similar Homes in Virginia Beach, VA
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
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $515,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | -- | -- | |
| Special Warranty Deed | $285,000 | -- | |
| Trustee Deed | $271,235 | -- | |
| Warranty Deed | $469,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $394,000 | Credit Line Revolving | |
| Previous Owner | $220,000 | New Conventional | |
| Previous Owner | $228,000 | New Conventional | |
| Previous Owner | $375,600 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/24/2025 03/24/25 | Sold | $515,000 | -3.7% | $344 / Sq Ft |
| 01/27/2025 01/27/25 | Pending | -- | -- | -- |
| 12/23/2024 12/23/24 | For Sale | $534,900 | +3.9% | $357 / Sq Ft |
| 12/22/2024 12/22/24 | Off Market | $515,000 | -- | -- |
| 10/08/2024 10/08/24 | Price Changed | $534,900 | -1.9% | $357 / Sq Ft |
| 07/17/2024 07/17/24 | For Sale | $545,000 | -- | $364 / Sq Ft |
Source: Real Estate Information Network (REIN)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $4,858 | $500,800 | $76,400 | $424,400 |
| 2023 | $4,311 | $435,500 | $66,400 | $369,100 |
| 2022 | $4,106 | $414,700 | $63,300 | $351,400 |
| 2021 | $3,480 | $351,500 | $53,600 | $297,900 |
| 2020 | $3,577 | $351,500 | $53,600 | $297,900 |
| 2019 | $3,439 | $318,800 | $48,600 | $270,200 |
| 2018 | $3,196 | $318,800 | $48,600 | $270,200 |
| 2017 | $3,196 | $318,800 | $48,600 | $270,200 |
| 2016 | $3,064 | $309,500 | $47,200 | $262,300 |
| 2015 | $2,975 | $300,500 | $45,800 | $254,700 |
| 2014 | $2,849 | $275,700 | $42,100 | $233,600 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Mandelyn Gray
BHHS RW Towne Realty
(757) 891-6785
1 in this area
32 Total Sales
-
Buyer's Agent in 2025
Sally Payne
LPT Realty LLC
(757) 435-3687
1 in this area
54 Total Sales
About Ocean Way Condominiums
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10542938
APN: 2427-12-6287-8100
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.
Copyright 2025 REIN. REIN's listings Data and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain compilations of Data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW.
REIN updates its listings on a daily basis.
Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions.
Some or all of the listings (or listings Data) represented in this application have been enhanced with Data not provided by REIN. The enhancements are as follows: mapping, demographics, and economics. The source of these enhancements are: GreatSchools, CoStar, Google, Walk Score, How Loud, Collateral Analytics, Black Knight, First American, and Quantarium.
This application does not include information on all of the properties available for sale at this time.
Nearby Homes
- 507 Winston Salem Ave
- 404 Terrace Ave
- 408 Terrace Ct
- 500 Pacific Ave Unit 309
- 500 Pacific Ave Unit 812
- 500 Pacific Ave Unit 908
- 500 Pacific Ave Unit 203
- 405 Harbour Point Unit 305
- 515 Carolina Ave
- 411 Harbour Point Unit 102
- 407 Harbour Point Unit 303
- 536 Virginia Ave
- 610 Virginia Ave
- 710 Greensboro Ave
- 714 Goldsboro Ave
- 524 Maryland Ave
- 303 Atlantic Ave Unit 1104
- 303 Atlantic Ave Unit 803
- 303 Atlantic Ave Unit 506
- 303 Atlantic Ave Unit 1405