831 Little Bay Ave #A, Norfolk, VA, 23503
About This Home
Exceptional opportunity in sought-after Ocean View, Norfolk! This beautiful single-family home offers an active short-term rental permit secured for the next 5 years — a rare and valuable asset. Featuring 4 spacious bedrooms, including two primary suites, this home is designed for flexibility and comfort. The kitchen showcases granite countertops, stainless steel appliances, and beautifully accented tile that perfectly complements the space. The open living area on the first floor features brand-new flooring, creating a fresh and modern feel. A separate laundry room conveniently located on the second floor adds everyday practicality. Enjoy balconies on each level — perfect for catching coastal breezes and relaxing after a day at the beach. Whether you're looking for a primary residence, second home, or income-producing investment, this Ocean View gem delivers location, layout, and long-term opportunity. Furniture can be purchased.
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2020
Materials
- Foundation: Other
- Roof: Asphalt Shingle
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Contemp
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: 220 V Elec,Dishwasher,Disposal,Dryer,ENERGY STAR Qualified Appliances,Microwave,Gas Range,Refrigerator,Washer,Gas Water Heater
- Laundry features: Dryer Hookup,Washer Hookup
Basement
- Basement: Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Features
- Bar,Primary Sink-Double,Walk-In Closet(s),Ceiling Fan(s)
- Window features: Window Treatments
- Flooring: Carpet,Ceramic Tile,Laminate/LVP,Wood
- Number of fireplaces: 1
- Fireplace features: Fireplace Gas-natural
- Fireplace: Yes
- Attic: Scuttle
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Heat Pump,Natural Gas,Zoned
- Cooling features: Geothermal
Interior Area
- Total interior livable area: 2,536 sqft
Primary Bedroom
- Level: First
Property
Details
- Parcel number: 43606002
- Attached to another structure: Yes
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Patio & porch: Porch
- Exterior features: Balcony
- Fencing: None
- Has view: Yes
- View description: Bay,Beach
- Has water view: Yes
- Water view: Bay,Beach
- On waterfront: Yes
- Waterfront features: Bay,Deep Water
Lot
- Lot size: 8,276 sqft
Parking
- Total spaces: 4
- Parking features: 4 Space,Carport,Driveway
- Has uncovered spaces: Yes
- Carport: 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
- Hurricane
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Virginia Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,298 | $51,576 |
| Home Insurance * | $473 | $5,676 |
| Property Taxes | $867 | $10,404 |
| Electricity | $244 | $2,931 |
| Total | $5,882 | $70,584 |
Income You'd Need if You Spent...
Virginia FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
No price history available
For Sale by Agent
View on Zillow