702 S Atlantic Ave Virginia Beach, VA 23451
7
Beds
4.5
Baths
4,368
Sq Ft
0.25
Acres
Highlights
- Ocean Front
- Deck
- Wood Flooring
- W.T. Cooke Elementary School Rated A-
- Transitional Architecture
- 1-minute walk to Beach Park
About This Home
As of April 2025Embrace the coastal lifestyle in this beautiful beach house situated on a meticulously landscaped oceanfront lot in the coveted Croatan community. This stunning home features a welcoming foyer, a striking 4-story open stairwell, spacious bedrooms, & expansive windows that flood the interior w/light & provide breathtaking views. The bright 3rd-floor living space is an entertainer's dream w/its comfortable sitting room, elegant dining area, well-appointed kitchen, living room w/gas fireplace & bar, & front + back balconies including screened in areas perfect for enjoying the salt air. The 2nd level offers 5 bedrooms & 3 baths, & the 4th floor provides a loft area & primary suite w/sweeping water views & a 7th bedroom/office space. Unwind in the all weather sunroom or relax to the sounds of the waves at the beachfront gazebo. Other notable features: large storage rm/gym space, 1,180 square ft, dbl tandem 2-car garage, & elevator service from 1st floor to rooftop deck w/360 degree views.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $23,393
Year Built
- Built in 1989
Lot Details
- 0.25 Acre Lot
- Ocean Front
- Decorative Fence
- Back Yard Fenced
- Sprinkler System
- Property is zoned R10
Property Views
- Ocean
- Beach
Home Design
- Transitional Architecture
- Slab Foundation
Interior Spaces
- 4,368 Sq Ft Home
- 4-Story Property
- Bar
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Entrance Foyer
- Home Office
- Utility Room
Kitchen
- Breakfast Area or Nook
- Electric Range
- Microwave
- Dishwasher
- Trash Compactor
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- En-Suite Primary Bedroom
- Walk-In Closet
- Dual Vanity Sinks in Primary Bathroom
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Storm Doors
Parking
- 2 Car Attached Garage
- Oversized Parking
- Parking Available
- Garage Door Opener
- Driveway
Outdoor Features
- Balcony
- Deck
- Patio
- Gazebo
- Porch
Schools
- W.T. Cooke Elementary School
- Virginia Beach Middle School
- First Colonial High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Heat Pump System
- Heating System Uses Natural Gas
- Electric Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Croatan Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 7, 2024
Closed on
Apr 2, 2025
Sold by
Gregory Marianne S
Bought by
Donald James Hawthorne And Maria R Hawthorne and Hawthorne
Seller's Agent
Kristie Weaver
Own Real Estate LLC
Buyer's Agent
Timothy White
Siebert Realty
List Price
$2,800,000
Sold Price
$2,650,000
Premium/Discount to List
-$150,000
-5.36%
Total Days on Market
92
Views
248
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.94%
Purchase Details
Closed on
May 5, 2021
Sold by
Cosgrove Michael J and Cosgrove Patricia A
Bought by
Gregory Marianne S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,540,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 21, 1999
Sold by
Zocco J James
Bought by
Cosgrove Michael J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,000
Interest Rate
7.78%
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 | $2,650,000 | Fidelity National Title | |
| Deed | $2,200,000 | Fidelity National Ttl Ins Co | |
| Deed | $840,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,540,000 | New Conventional | |
| Previous Owner | $239,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/07/2025 04/07/25 | Sold | $2,650,000 | -5.4% | $607 / Sq Ft |
| 02/07/2025 02/07/25 | Pending | -- | -- | -- |
| 11/07/2024 11/07/24 | For Sale | $2,800,000 | -- | $641 / 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 | $23,127 | $2,384,200 | $1,650,000 | $734,200 |
| 2023 | $23,394 | $2,363,000 | $1,375,000 | $988,000 |
| 2022 | $21,468 | $2,168,500 | $1,287,500 | $881,000 |
| 2021 | $19,863 | $2,006,400 | $1,250,000 | $756,400 |
| 2020 | $17,791 | $1,748,500 | $1,175,000 | $573,500 |
| 2019 | $18,036 | $2,002,600 | $1,337,500 | $665,100 |
| 2018 | $20,076 | $2,002,600 | $1,337,500 | $665,100 |
| 2017 | $20,240 | $2,019,000 | $1,337,500 | $681,500 |
| 2016 | $18,558 | $1,874,500 | $1,225,000 | $649,500 |
| 2015 | $16,532 | $1,669,900 | $1,137,500 | $532,400 |
| 2014 | $16,695 | $1,792,900 | $1,312,500 | $480,400 |
Source: Public Records
Agents Affiliated with this Home
-
Kristie Weaver
Seller's Agent in 2025
Kristie Weaver
Own Real Estate LLC
(757) 613-6978
333 Total Sales
-
Timothy White
Buyer's Agent in 2025
Timothy White
Siebert Realty
(757) 426-7558
36 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10558170
APN: 2426-38-9499
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