Why Live in Broad Bay Island
Broad Bay Island, in Virginia Beach's Great Neck area, is a 2-mile-long community surrounded by Broad Bay, Long Creek, and an inlet to Chesapeake Bay. It's a haven for water enthusiasts, offering deepwater access for boating, kayaking, paddle boarding, and jet skiing. Fishing is popular, with striped bass and bluefish in nearby waters. Chesapeake Beach, about 1 mile west, offers ocean access and views of boats under Lesner Bridge. First Landing State Park, 2 miles east, features nearly 3,000 acres of swamps, forests, quiet beaches, and ample parking. Homes range from colonials and ranches to 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. Local amenities include Food Lion for groceries, Shore Drive Farmers Market, and dining options like A Bite of Maine, Hot Tuna, and Chick’s Oyster Bar. The Broad Bay Island Civic League oversees community quality of life, and the annual Broad Bay Island Yacht Club 4th of July parade is a highlight. While many amenities are within walking distance, a car is necessary for broader city access. Shore Drive connects residents to the Oceanfront and Downtown Norfolk, while North Great Neck Road leads to Hilltop Shopping Center. The island is prone to flooding, especially on the northern and western sides, and evacuation may be required during hurricanes or tropical storms.
Home Trends in Broad Bay Island, VA
On average, homes in Broad Bay Island, Virginia Beach sell after 33 days on the market compared to the national average of 51 days. The median sale price for homes in Broad Bay Island, Virginia Beach over the last 12 months is $562,500, up 11% from the median home sale price over the previous 12 months.
Median Sale Price
$562,500
Median Single Family Sale Price
$845,000
Median Townhouse Sale Price
$515,000
Median 2 Bedroom Sale Price
$345,000
Median 1 Bedroom Sale Price
$320,000
Average Price Per Sq Ft
$373
Number of Homes for Sale
43
Last 12 months Home Sales
178
Median List Price
$559,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
11%