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2245 Wake Frst, Virginia Beach, VA, 23451

5beds
5baths
3,091sqft
$1,575,000
$510price/sqft
$10,237/moest. monthly cost
$409,480/yrincome needed

About This Home

Welcome to The Newcastle, located in the quaint Cape Story by the Sea neighborhood, designed for both everyday living and sophisticated entertaining and located within walking distance to both the bay and First Landing State Park. This home features two luxurious owner's suites-one on each floor-an ensuite, and two additional bedrooms, providing ample space for an established family, in-laws, and out-of-town guests. Upon entering the foyer, you are greeted by a stately dining room at the front of the home. The kitchen, accessible from the foyer or dining room via a butler's pantry, boasts an oversized island and an L-shaped design that overlooks a living room with vaulted ceilings. The first floor also includes a laundry room and a magnificent owner's suite with a sitting area, walk-in closet and an elegant bath. The second floor rivals the first in grandeur, offering an additional owner's suite, an ensuite, two bedrooms, and a hall bath. The second owner's suite features a private balcony and a luxurious bath a tiled shower and a free-standing tub, complemented by a double vanity and linen closet.

Getting Around

48
WalkingCar-Dependent
23
TransitMinimal Transit
60
BikeBikeable

Schools

9/10
8/10
Great Neck Middle SchoolGrades 6-81.0 mi
7/10
Frank W. Cox High SchoolGrades 9-121.9 mi

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Roof: Asphalt
  • Construction materials: Concrete,Brick

Other

  • Builder name: Bishard Homes

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Range

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • Ceiling Fan(s),In-Law Floorplan,Wired for Data
  • Window features: Double Pane Windows
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total interior livable area: 3,091 sqft

Property

Details

  • Parcel number: 15905089470000

Features

  • Levels: 2.0
  • Stories: 2
  • Patio & porch: Deck,Patio
  • Has view: Yes
  • View description: Park/Greenbelt

Parking

  • Total spaces: 2
  • Parking features: Attached,Off Street
  • Has garage: Yes
  • Attached garage 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

  • 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 $7,964$95,568
Home Insurance *$677$8,124
Property Taxes $1,299$15,588
Electricity $297$3,572
Total$10,237$122,844
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$350,982/yr
40% on housing$307,110/yr
45% on housing$272,986/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

$510This listing

vs Other Active Listings

Avg $/sqft

ZIP 23451$440
Virginia Beach City$291

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

DateEventPrice
2026-04-07Price change$1,575,000
2025-06-23Price change$1,595,000
2025-06-03Listed for sale$1,495,000
2025-03-24Listing removed$1,495,000
2025-02-21Listed for sale$1,495,000

New Construction Spec

BrokerageBishard Homes

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