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2992 Shore Dr Unit 304, Virginia Beach, VA, 23451

2beds
2baths
2,500sqft
$545,000
$218price/sqft
$3,666/moest. monthly cost
$146,640/yrincome needed

About This Home

Rare opportunity to own one of the larger condos on Shore Drive, just one block from the beach. This quiet corner unit offers elevator access, two deeded covered parking spaces, generous storage throughout, and a flexible third room with a closet that can serve as a home office, guest room, or hobby space. Inside, the home features abundant natural light, an expansive open living area, and primary suites on both levels. As a corner unit, it offers a sense of privacy and space that is hard to find in beach-area condos. Enjoy the Shore Drive lifestyle with First Landing State Park, beaches, scenic bike paths, and popular dining destinations such as Bay Local and Hot Tuna just minutes away. Start the morning with a beach walk, bike to nearby parks, or unwind by the water at the end of the day. Located within the Cox High, Great Neck Middle, and John B. Dey Elementary school attendance areas (buyer to verify), this home also offers one of the best values per square foot on Shore Drive, combining spacious living with everyday convenience and coastal charm. Some photos show virtual staging.

Getting Around

69
WalkingSomewhat Walkable
24
TransitMinimal Transit
68
BikeBikeable

Schools

10/10
9/10
Great Neck Middle SchoolGrades 6-81.3 mi
7/10
Frank W. Cox High SchoolGrades 9-122.1 mi

Construction

Condition

  • Year built: 2006

Materials

  • Foundation: Slab
  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

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

Bedrooms & Bathrooms

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

Features

  • Cathedral Ceiling(s),Walk-In Closet(s),Ceiling Fan(s)
  • Flooring: Carpet,Wood
  • Number of fireplaces: 1
  • Fireplace features: Fireplace Gas-natural
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 2,500 sqft

Property

Details

  • Parcel number: 15901062142304
  • Attached to another structure: Yes
  • Zoning: B4

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Patio
  • Exterior features: Balcony
  • Has spa: Yes
  • Spa features: Bath
  • Fencing: None
  • Has view: Yes
  • View description: City
  • Waterfront features: Not Waterfront

Parking

  • Total spaces: 2
  • Parking features: 2 Space,Assigned,Covered

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
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
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 $2,755$33,060
Home Insurance *$234$2,808
Property Taxes $437$5,244
Electricity $240$2,889
Total$3,666$43,992
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$125,691/yr
40% on housing$109,980/yr
45% on housing$97,760/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

$218This 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)

Price History

No price history available

For Sale by Agent

AgentKuang Peng
BrokerageKW Allegiance

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