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309 Caspian Ave, Virginia Beach, VA, 23451

5beds
7baths
4,378sqft
$2,695,000
$616price/sqft
$17,430/moest. monthly cost
$697,200/yrincome needed

About This Home

Gorgeously updated, deep waterfront luxury coastal home featuring five bedrooms, five full baths, and two half baths in the heart of Shadowlawn. Featuring a large floating dock and 25,000 lb boat lift on Lake Rudee with 12 ft low-tide clearance and direct passage to the Atlantic - great for fishing and sunset cruises. Host guests and have gatherings by your stunning pool with covered pool house complete with kitchen, bar, and pool bath. Inside you will find a chef’s kitchen opening to a bright sunroom and dining area with natural gas fireplace, leading into an expansive den with abundant natural light, which opens to your pool and outdoor living spaces. The wraparound first-floor deck overlooks the inlet, plus a second-floor deck off one of two primary suites. All five bedrooms are ensuites, enjoy privacy of a dedicated office, fiber cement siding, and attached 2-car garage. Originally two waterfront lots, but offers the potential to vacate and restore the original property line.

Getting Around

27
WalkingCar-Dependent
43
TransitSome Transit
47
BikeSomewhat Bikeable

Schools

7/10
7/10
7/10

Construction

Condition

  • Year built: 1965

Materials

  • Foundation: Pile
  • Roof: Asphalt Shingle
  • Construction materials: Fiber Cement

Type & Style

  • Home type: SingleFamily
  • Architectural style: Transitional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Microwave,Gas Range,Refrigerator,Washer,Electric Water Heater

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 7
  • Full bathrooms: 5
  • 1/2 bathrooms: 2

Features

  • Primary Sink-Double,Walk-In Closet(s),Ceiling Fan(s),Entrance Foyer,Pantry
  • Window features: Window Treatments
  • Flooring: Carpet,Other,Wood
  • Number of fireplaces: 1
  • Fireplace features: Fireplace Gas-natural
  • Fireplace: Yes
  • Attic: Scuttle

Heating & Cooling

  • Heating features: Heat Pump,Programmable Thermostat,Zoned
  • Cooling features: Central Air,Zoned

Interior Area

  • Total interior livable area: 4,378 sqft

Property

Details

  • Parcel number: 24270251840000
  • Zoning: R5S
  • Other equipment: Backup Generator

Features

  • Stories: 2
  • Pool features: In Ground
  • Patio & porch: Deck,Patio,Porch
  • Exterior features: Balcony
  • Fencing: Partial,Privacy,Fenced
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Boat Lift,Deep Water,Deep Water Access,Dock,Navigable Water

Lot

  • Lot size: 0.42 Acres

Parking

  • Total spaces: 2
  • Parking features: Garage Att 2 Car,Multi Car,Driveway,On Street,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Lightning
Tsunami

FEMA Declared Disasters Across Virginia Counties

Flood
Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $13,627$163,524
Home Insurance *$1,159$13,908
Property Taxes $2,223$26,676
Electricity $421$5,060
Total$17,430$209,160
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$597,600/yr
40% on housing$522,900/yr
45% on housing$464,800/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 1.4%
1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$616This listing

vs Other Active Listings

Avg $/sqft

ZIP 23451$439
Virginia Beach City$290

vs Homes Sold Last Month

Median $/sqft

ZIP 23451$402
Virginia Beach City$249

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

No price history available

For Sale by Agent

AgentSusan Pender
BrokerageBHHS RW Towne Realty

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