$253,500
- 3 Beds
- 2 Baths
- 1,322 Sq Ft
5103 Gatehouse Way, Virginia Beach, VA 23455
Karen Adcock Keller Williams Town Center
4
Lake Shores Multifamily Homes & Duplexes for Sale
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5103 Gatehouse Way, Virginia Beach, VA 23455
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$259,999
- 2 Beds
- 2 Baths
- 1,400 Sq Ft
5117 Walkers Grant Ln Unit A, Virginia Beach, VA 23455
5117 Walkers Grant Ln Unit A, Virginia Beach, VA 23455Joshua Kaiser 1st Class Real Estate-Equity Group
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$240,000
- 2 Beds
- 2 Baths
- 1,243 Sq Ft
5088 Gatehouse Way, Virginia Beach, VA 23455
5088 Gatehouse Way, Virginia Beach, VA 23455Sarah Evans Wainwright Real Estate
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$253,500
- 2 Beds
- 2 Baths
- 1,646 Sq Ft
5160 Walkers Grant Ln, Virginia Beach, VA 23455
5160 Walkers Grant Ln, Virginia Beach, VA 23455Paul Bauer The Bauer Group-Real Estate Solutions
Why Live in Lake Shores
Lake Shores in Virginia Beach is a serene neighborhood characterized by its midcentury suburban feel and waterfront views along Little Creek Reservoir. The area features classic 1950s and 1960s ranch-style homes, larger colonials, split-levels, and custom-built houses, with townhouse-style condos also available. Residents may occasionally hear sounds from the nearby Joint Expeditionary Base Little Creek-Fort Story, including machine gun fire and military bugle calls, which some find reassuring. The neighborhood is safer than the national average. Outdoor features include private piers and docks, with the expansive Lake Smith Lake Lawson Natural Area nearby for kayaking, fishing, hiking, and playground activities. Chic’s Beach, about 3 miles away, offers a quieter beach experience on the Chesapeake Bay. Shore Drive serves as the main commercial hub, with Lake Shores Plaza anchored by a Food Lion and various dining options like New River Taphouse and Leaping Lizard Cafe. Community events are organized through the joint Lake Shores, Lakeview Shores, and Lakeview Park Facebook page, with activities such as yard sales and holiday events. Commuters have convenient access to downtown Norfolk, 11 miles away, and Norfolk International Airport, 6 miles away. Public transportation is available via Hampton Regional Transit buses. The neighborhood is served by highly rated schools, including Shelton Park Elementary School, Independence Middle School, and Bayside High School, which offers a magnet Health Sciences Academy.
Home Trends in Lake Shores, VA
On average, homes in Lake Shores, Virginia Beach sell after 19 days on the market compared to the national average of 51 days. The median sale price for homes in Lake Shores, Virginia Beach over the last 12 months is $436,000, up 32% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$436,000
Median Single Family Sale Price
$464,250
Median 2 Bedroom Sale Price
$249,900
Average Price Per Sq Ft
$233
Number of Homes for Sale
10
Last 12 months Home Sales
20
Months of Supply
6.00
Median List Price
$436,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
32%
In Lake Shores, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $240,000 to $259,999, there's something for every budget. As of July, 2025 the median home price in Lake Shores, Virginia Beach is $436,000, while the average sale price is $415,897, providing insight into local market trends. On average, multi-family homes spend 19 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Lake Shores, Virginia Beach.
Lake Shores Types of Homes for Sale
More About Living in Lake Shores
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