For sale

Price cut: $126K (10/28)

$899,000

1001 Five Forks Rd, Virginia Beach, VA 23455

4beds

3,643sqft

$5,822/mo

Get pre-qualified

Single Family Residence

Built in 1967

1.15 Acres Lot

$884,100 Zestimate^®

$247/sqft

$-- HOA

What's special

Indoor heated swimming poolWhole house generatorIrrigation systemThree fireplacesElectrical panelKitchen upgrades

OWNER FINANCE AT BELOW MARKET RATES IS AVAILABLE AND REQUIRED FOR THIS HOME AT PRICE SHOWN – QUALIFIED BUYER REQUIRED. Lakefront living meets year-round luxury on this 1.15-acre Lake Smith property, with 400’ of shoreline and an exceptional blend of modern upgrades and resort style amenities. This move-in-ready home features 4 spacious bedrooms and 3 full baths, creating generous private living space to match its extraordinary outdoor setting. Improvements since 2019 include kitchen upgrades, HVAC, roof, carpet, electrical panel, windows, and driveway, delivering turnkey comfort in one of Virginia Beach’s most desirable neighborhoods. An 1,100 sq’ deck, a 1,000 sq’ four-season room (heated and cooled) featuring a heated indoor swimming pool. Three fireplaces, a chef’s kitchen w/ Miele 6 burner gas oven and GE Profile microwave, a whole house generator & irrigation system. A detached workshop w/ electricity & water provides exceptional flexibility for hobbies and storage.

22 days
1,292
81

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3

Rooms

Room types: 1st Floor Primary BR, Breakfast Area, Office/Study

Primary bedroom

Level: First

Heating

Heat Pump

Cooling

Central Air, Heat Pump

Appliances

Included: 220 V Elec, Dishwasher, Disposal, Dryer, Microwave, Gas Range, Refrigerator, Washer, Electric Water Heater

Features

Primary Sink-Double, Ceiling Fan(s)
Flooring: Carpet, Ceramic Tile, Slate, Wood
Basement: Crawl Space
Number of fireplaces: 1
Fireplace features: Fireplace Gas-natural, Wood Burning

Interior area

Total interior livable area: 3,643 sqft

Property

Parking

Total spaces: 2
Parking features: Garage Att 2 Car, Off Street, Driveway, Garage Door Opener
Attached garage spaces: 2
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Pool features: In Ground
Fencing: None
Has view: Yes
View description: Water
Has water view: Yes
Water view: Water
Waterfront features: Lake Front

Lot

Size: 1.15 Acres

Details

Parcel number: 14782766080000
Zoning: R30
Other equipment: Backup Generator, Pump

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Brick, Shingle Siding
Roof: Asphalt Shingle

Condition

New construction: No
Year built: 1967

Utilities & green energy

Sewer: City/County
Water: City/County, Well

Community & HOA

Community

Subdivision: Lake Smith Terrace

HOA

Has HOA: No

Location

Region: Virginia Beach

Financial & listing details

Price per square foot: $247/sqft
Tax assessed value: $722,800
Annual tax amount: $7,011
Date on market: 10/15/2026

Estimated market value

$884,100

$840,000 - $928,000

$4,498/mo

Price history

Price history is unavailable.

Public tax history

Year	Property taxes	Tax assessment
2025	$7,011 +1.2%	$722,800 +3.3%
2024	$6,927 +17.3%	$699,700 +17.3%
2023	$5,905 +0.9%	$596,500 +0.9%
2022	$5,851 +6%	$591,000 +6%
2021	$5,518 -7.8%	$557,400 +3.2%
2020	$5,984 +11%	$540,300 +0.5%
2019	$5,390	$537,700
2018	$5,390	$537,700
2017	$5,390 +3.9%	$537,700 +2.6%
2016	$5,189 +0.5%	$524,100 +0.5%
2015	$5,164	$521,600 +5.2%
2014	$5,164	$495,900 +3.6%
2013	--	$478,500 -3.2%
2012	--	$494,300 -5.7%
2011	--	$524,200 -2.9%
2010	--	$539,800 -12.5%
2007	--	$616,757 +62.4%
2006	--	$379,729 +7.8%
2005	--	$352,137 +21.3%
2004	--	$290,397 +6.2%
2003	--	$273,397
2002	--	$273,397 +3.8%
2001	--	$263,397