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4545 Commerce St Unit 3701, Virginia Beach, VA, 23462

3beds
6baths
5,000sqft
$7,500,000
$1,500price/sqft
$47,442/moest. monthly cost
$1,897,680/yrincome needed

About This Home

Own the sky in the tallest residential home in Virginia & beyond. Perched as the singular Penthouse on the 37th floor of The Westin Residences, experience 360*; panoramic views of the Atlantic Ocean, Chesapeake Bay, and city skyline. Offering 5,000 sq ft of elegance and sophistication that soars from floor to ceilings with unrivaled design & furnishings. Boasting Masterpiece Kitchen, Palatial dining room, Executive Office, Workout area, a Primary & Guest wing with kitchenette and 6 private balconies define this one-of-a-kind penthouse. Enjoy resort living with 24/7 concierge, room & laundry service, health club, spa, indoor pool & 1000SF owner's entertaining lounge. 3 Parking spaces, 3 Storage units, & more all with direct access just outside the door to Town Center’s shops, dining, art and nightlife. This is the only residence of its kind—there is no next level.

Getting Around

85
WalkingVery Walkable
48
TransitSome Transit
60
BikeBikeable

Schools

8/10
Thalia Elementary SchoolGrades PK-50.9 mi
6/10
7/10
Princess Anne High SchoolGrades 9-120.5 mi

Construction

Condition

  • Year built: 2007

Materials

  • Foundation: Pile
  • Roof: Other
  • Construction materials: Other,ICFs (Insulated Concrete Forms)

Type & Style

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

Interior

Appliances

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

Bedroom

  • Level: First

Bedroom

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 6
  • Full bathrooms: 3
  • 1/2 bathrooms: 3

Dining Room

  • Level: First

Features

  • Bar,Walk-In Closet(s),Ceiling Fan(s),Entrance Foyer,Pantry
  • Window features: Window Treatments
  • Flooring: Marble,Other,Wood
  • Number of fireplaces: 5
  • Fireplace features: Fireplace Gas-natural,Primary Bedroom
  • Fireplace: Yes

Full Bathroom

  • Level: First

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 5,000 sqft

Living Room

  • Level: First

Primary Bedroom

  • Level: First

Utility Room

  • Level: First

Property

Accessibility

  • Accessibility features: Accessible Elevator Installed,Level Flooring,Main Floor Laundry

Details

  • Parcel number: 14774475104120
  • Attached to another structure: Yes
  • Zoning: B3A

Features

  • Levels: One
  • Stories: 1
  • Pool features: None,Association
  • Exterior features: Balcony
  • Has spa: Yes
  • Spa features: Bath
  • Fencing: None
  • Has view: Yes
  • View description: Bay,City
  • Has water view: Yes
  • Water view: Bay
  • Waterfront features: Not Waterfront

Parking

  • Total spaces: 3
  • Parking features: Unit Gar,3 Space,Assigned
  • Has garage: 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

  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

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 $37,924$455,088
Home Insurance *$3,297$39,564
Property Taxes $5,740$68,880
Electricity $481$5,779
Total$47,442$569,304
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,626,582/yr
40% on housing$1,423,260/yr
45% on housing$1,265,120/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

$1,500This listing

vs Other Active Listings

Avg $/sqft

ZIP 23462$162
Virginia Beach City$289

vs Homes Sold Last Month

Median $/sqft

ZIP 23462$233
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

AgentMisty Brownell
BrokerageAtlantic Sothebys Int'l Realty

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