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309 Norfolk Ave, Virginia Beach, VA, 23451

2beds
2baths
1,200sqft
$392,000
$327price/sqft
$2,675/moest. monthly cost
$107,000/yrincome needed

About This Home

LARGE OPEN Waterfront 1200' Condo 2br/2ba The Vibe This Condo is 800 meters to the Oceanfront! Lake Station Condos: Located on corner of Pacific St/Norfolk AV. Updated bathrooms, new fans, electrical upgrades, freshly cleaned and painted, expanded balcony, exterior storage shed, new windows & doors, etc. Excellent location. Off street parking. Condo fees: $495 Taxes: approx $3100 annual. No pending assessments. EUC Appliances working and condo conveys as is. Last review: 4/2026 Please contact owner directly. Applicants required to provide prequalified letter from lender and gov't ID prior to viewing.

Getting Around

60
WalkingSomewhat Walkable
50
TransitGood Transit
68
BikeBikeable

Schools

7/10
7/10
7/10

Construction

Condition

  • Year built: 1985

Materials

  • Roof: Shake / Shingle
  • Construction materials: Frame

Type & Style

  • Home type: Condo

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Garbage disposal,Microwave,Range / Oven,Refrigerator,Washer
  • Laundry features: In Unit

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Tile,Carpet,Linoleum / Vinyl
  • Fireplace features: masonry
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Heat pump,Electric
  • Cooling features: Central

Interior Area

  • Total interior livable area: 1,200 sqft

Property

Details

  • Parcel number: 24271464730017

Features

  • Exterior features: Shingle
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes

Parking

  • Total spaces: 1
  • Parking features: Off-street

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 $1,982$23,784
Home Insurance *$168$2,016
Property Taxes $323$3,876
Electricity $202$2,433
Total$2,675$32,100
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$91,714/yr
40% on housing$80,250/yr
45% on housing$71,333/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

$327This listing

vs Other Active Listings

Avg $/sqft

ZIP 23451$442
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)

No zestimate history available

Price History

DateEventPrice
2026-02-16Listed for sale$375,000
2025-11-29Listing removed$2,215
2025-11-08Listed for rent$2,215
2025-10-28Listing removed$2,215
2025-08-22Listed for rent$2,215
2025-08-15Listing removed$2,215
2025-08-01Price change$2,215
2025-07-25Listed for rent$2,285
2025-07-16Listing removed$2,285
2025-06-17Price change$2,285
2025-04-23Price change$2,225
2025-04-04Price change$2,195
2025-03-20Listed for rent$2,300
2025-02-28Listing removed$2,300
2025-02-02Listed for rent$2,300
2025-01-18Listing removed$2,300
2025-01-01Listed for rent$2,300
2024-12-01Listing removed$2,300
2024-11-23Listed for rent$2,300
2024-11-15Listing removed$2,300
2024-11-15Price change$2,300
2024-11-01Listed for rent$2,100
2024-11-01Listing removed--
2024-09-26Listed for sale$398,000
2024-09-12Listing removed$2,095

For Sale by Owner

AgentProperty Owner

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