Why Live in Broad Bay Island
Broad Bay Island is a 2-mile-long waterfront community in Virginia Beach's Great Neck area. This neighborhood is surrounded by Broad Bay, Long Creek and an inlet to Chesapeake Bay, making it a haven for water recreation like kayaking, paddle boarding and jet skiing. Residents also have deepwater access for boating, and anglers can find striped bass and bluefish in nearby waters. Chesapeake Beach offers access to the Chesapeake Bay's calm waters, and First Landing State Park features nearly 3,000 acres of swamps, forests, quiet beaches and ample parking. Homebuyers can find Colonial Revivals, ranch-styles and contemporary waterfront estates, often with open floor plans, large windows and expansive decks. Construction began in the 1950s, with newer homes interspersed.
The area is served by highly rated schools, including John B. Dey Elementary, Great Neck Middle and Frank W. Cox High. Shoppers can head to Food Lion for groceries or browse the Shore Drive Farmers Market. Dining options include A Bite of Maine, Hot Tuna and Chick’s Oyster Bar. Locals can gather at the annual Broad Bay Island Yacht Club Fourth of July parade. While many amenities are within walking distance, a car is necessary for broader city access. Shore Drive connects residents to the Oceanfront and to Downtown Norfolk, while North Great Neck Road leads to Hilltop Shopping Center.
Home Trends in Broad Bay Island, VA
On average, homes in Broad Bay Island, Virginia Beach sell after 34 days on the market compared to the national average of 53 days. The median sale price for homes in Broad Bay Island, Virginia Beach over the last 12 months is $549,050, up 96% from the median home sale price over the previous 12 months.
Median Sale Price
$549,050
Median Single Family Sale Price
$975,000
Median Townhouse Sale Price
$620,000
Median 2 Bedroom Sale Price
$360,000
Median 1 Bedroom Sale Price
$321,098
Average Price Per Sq Ft
$372
Number of Homes for Sale
38
Last 12 months Home Sales
182
Median List Price
$553,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
96%