Ocean Way Condominiums 500 Winston Salem Ave Unit 108 Virginia Beach, VA 23451
Oceanfront Neighborhood
2
Beds
2
Baths
1,498
Sq Ft
1985
Built
Highlights
- Ocean Front
- Boat Dock
- Deep Water Access
- W.T. Cooke Elementary School Rated A-
- Fitness Center
- Harbor Views
About This Home
As of January 2025Wake up on Rudee inlet! This 2 bedroom, 2 bath condo overlooks Rudee Inlet with amazing views of fishing boats, paddle boarders and water tour boats, not to mention, sunrise and sunsets all from your private balcony. Condo is near restaurants, the boardwalk and the oceanfront. Condo amenities include gym, party room, pool, security entrance, water, trash, cable, hazard/flood insurance and more! Primary bedroom contains walk in closet, and spacious bath with jetted tub and a separate shower. Overlook the inlet from the kitchen, dining and living area. Make this your primary or vacation home
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,311
Year Built
- Built in 1985
Lot Details
- Ocean Front
- Home fronts navigable water
HOA Fees
- $886 Monthly HOA Fees
Home Design
- Property Attached
- Stucco Exterior Insulation and Finish Systems
- Asphalt Shingled Roof
- Pile Dwellings
Interior Spaces
- 1,498 Sq Ft Home
- 1-Story Property
- Bar
- Entrance Foyer
- Storage Room
- Utility Room
- Harbor Views
Kitchen
- Breakfast Area or Nook
- Electric Range
- Microwave
- Dishwasher
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- En-Suite Primary Bedroom
- 2 Full Bathrooms
- Hydromassage or Jetted Bathtub
Laundry
- Dryer
- Washer
Parking
- Garage
- 1 Car Parking Space
- Off-Street Parking
Accessible Home Design
- Accessible Elevator Installed
Outdoor Features
- Deep Water Access
- Docks
- Balcony
Schools
- W.T. Cooke Elementary School
- Virginia Beach Middle School
- First Colonial High School
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
- Sewer Paid
- Cable TV Available
Community Details
Overview
- The Select Group/Brian Devost 757 428 5058 Association
- Mid-Rise Condominium
- Ocean Way Condominium Subdivision
- On-Site Maintenance
Amenities
- Door to Door Trash Pickup
- Clubhouse
Recreation
- Boat Dock
- Fitness Center
- Community Pool
Security
- Security Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 17, 2016
Sold by
Potter Mark E
Bought by
Harris David F
Total Days on Market
118
Current Estimated Value
Purchase Details
Closed on
Jun 16, 2010
Sold by
Starke Shirley Ann
Bought by
Potter Mark E and Kondas September J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4.78%
Mortgage Type
New Conventional
Similar Homes in Virginia Beach, VA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $330,000 | Attorney | |
| Warranty Deed | $352,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $280,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/15/2025 01/15/25 | Sold | $495,000 | 0.0% | $330 / Sq Ft |
| 12/19/2024 12/19/24 | Pending | -- | -- | -- |
| 10/09/2024 10/09/24 | Price Changed | $495,000 | -2.9% | $330 / Sq Ft |
| 08/23/2024 08/23/24 | For Sale | $510,000 | -- | $340 / 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
-
Katherine Kiley
Seller's Agent in 2025
Katherine Kiley
Swell Realty Co
(757) 618-0452
2 in this area
14 Total Sales
-
Madison West
Buyer's Agent in 2025
Madison West
RE/MAX
(757) 705-0805
3 in this area
45 Total Sales
About Ocean Way Condominiums
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10548410
APN: 2427-12-6287-8130
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