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201 Cove Reach, Suffolk, VA, 23435

4beds
3baths
2,698sqft
$645,000
$239price/sqft
$4,223/moest. monthly cost
$168,920/yrincome needed

About This Home

Welcome to 201 Cove Reach—your coastal retreat in the heart of Suffolk’s vibrant 55+ community! This like-new 4 bedroom, 3 bath home is full of charm and light, featuring an open floor plan, stylish finishes, and water views that will make every day feel like a getaway. Upstairs, the spacious flex room opens to a private balcony—perfect for sunset cocktails or morning coffee. The cheerful screened-in porch and private paver patio add even more space to unwind or entertain. You’ll love the community amenities and the unbeatable location just steps from Decoys Marina, the pool, and the restaurant. You can truly relax and enjoy the good life here whether you’re looking to downsize without compromise or crave a low-maintenance lifestyle with coastal flair, this home checks all the boxes!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
42
BikeSomewhat Bikeable

Schools

6/10
Driver Elementary SchoolGrades PK-51.0 mi
8/10
5/10

Construction

Condition

  • Year built: 2023

Materials

  • Foundation: Slab
  • Roof: Asphalt Shingle
  • Construction materials: Fiber Cement,Stone

Type & Style

  • Home type: Condo
  • Architectural style: Transitional
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Microwave,Gas Range,Refrigerator,Gas Water Heater
  • Laundry features: Dryer Hookup,Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Bar,Cathedral Ceiling(s),Primary Sink-Double,Walk-In Closet(s),Ceiling Fan(s),Entrance Foyer,Pantry
  • Flooring: Carpet,Ceramic Tile,Marble
  • Number of fireplaces: 1
  • Fireplace features: Fireplace Gas-natural
  • Fireplace: Yes
  • Attic: Walk-In

Heating & Cooling

  • Heating features: Natural Gas,Programmable Thermostat,Zoned
  • Cooling features: Central Air,Zoned

Interior Area

  • Total interior livable area: 2,698 sqft

Primary Bedroom

  • Level: First

Property

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Deck,Patio,Porch
  • Exterior features: Irrigation Control,Balcony
  • Fencing: Back Yard,Fenced
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • Waterfront features: Not Waterfront

Parking

  • Total spaces: 2
  • Parking features: Garage Att 2 Car,2 Space,Off Street,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Tsunami

FEMA Declared Disasters Across Virginia Counties

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 $3,261$39,132
Home Insurance *$236$2,832
Property Taxes $467$5,604
Electricity $259$3,118
Total$4,223$50,676
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$144,788/yr
40% on housing$126,690/yr
45% on housing$112,613/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: 7.5%
7.5%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 1.9%
1.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$239This listing

vs Other Active Listings

Avg $/sqft

ZIP 23435$208
Suffolk City$178

vs Homes Sold Last Month

Median $/sqft

ZIP 23435$206
Suffolk City$194

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

AgentE Ashley McDougal
BrokerageRE/MAX Alliance

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