Exceptional waterfront home on Bay Colony Drive, set on approx. 1.25 acres across two lots. Located on a tidal lake off Linkhorn Bay, this private, park-like property is just minutes from the ocean. Originally built in 1954 and fully renovated in 2007, the brick home features 4 bedrooms, 4 baths, a sunroom, and a spacious primary suite. Quality construction and updates throughout, including a newer Carrier 4-ton heat pump. Beautifully landscaped with mature trees, tall hedges, and a circular drive for added privacy. Enjoy peaceful water views from the charming gazebo. A rare opportunity to own one of the finest lots in Bay Colony offers space, privacy, and coastal living at its best.
For sale
$2,450,000
1005 Bay Colony Dr, Virginia Beach, VA 23451
4beds
3,300sqft
Single Family Residence
Built in 1955
1.25 Acres Lot
$2,312,500 Zestimate®
$742/sqft
$-- HOA
What's special
Charming gazeboWaterfront homeBrick homePrivate park-like propertyPeaceful water viewsTall hedgesSpacious primary suite
- 30 days |
- 1,953 |
- 73 |
Zillow last checked:
Listing updated:
Listed by:
Chastity Ferguson,
Atkinson Realty 757-321-1000
Source: REIN Inc.,MLS#: 10640655
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Rooms
- Room types: 1st Floor BR, 1st Floor Primary BR, Attic, Breakfast Area, Office/Study, Utility Room
Primary bedroom
- Level: First
Heating
- Electric, Oil
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Electric Water Heater
Features
- Primary Sink-Double, Entrance Foyer
- Flooring: Ceramic Tile, Wood
- Windows: Window Treatments
- Basement: Crawl Space
- Attic: Pull Down Stairs
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 3,300 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage Att 2 Car, Driveway
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Main Floor Laundry
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Pool features: None
- Fencing: Partial,Fenced
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Deep Water
Lot
- Size: 1.25 Acres
Details
- Additional structures: Gazebo
- Parcel number: 24183746000000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,Traditional
- Property subtype: Single Family Residence
Materials
- Brick
- Roof: Other
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: City/County
- Water: City/County
- Utilities for property: Cable Hookup
Community & HOA
Community
- Subdivision: Bay Colony
HOA
- Has HOA: No
Location
- Region: Virginia Beach
Financial & listing details
- Price per square foot: $742/sqft
- Tax assessed value: $997,500
- Annual tax amount: $9,675
- Date on market: 6/19/2026
Estimated market value
$2,312,500
$2.20M - $2.43M
$5,712/mo
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,676 +9.2% | $997,500 +11.5% |
| 2024 | $8,860 +15.2% | $894,900 +15.2% |
| 2023 | $7,690 +5.3% | $776,800 +5.3% |
| 2022 | $7,300 +6.3% | $737,400 +6.3% |
| 2021 | $6,865 -10% | $693,400 +0.7% |
| 2020 | $7,624 +13.3% | $688,400 +2.6% |
| 2019 | $6,727 | $671,000 |
| 2018 | $6,727 +3.4% | $671,000 +3.4% |
| 2017 | $6,503 +7.9% | $648,700 +6.5% |
| 2016 | $6,029 +7% | $609,000 +7% |
| 2015 | $5,635 | $569,200 +1.9% |
| 2014 | $5,635 | $558,500 +3.8% |
| 2013 | -- | $537,900 +5.6% |
| 2012 | -- | $509,400 |
| 2011 | -- | $509,400 -12.3% |
| 2010 | -- | $581,100 -16.5% |
| 2007 | -- | $696,290 +16.3% |
| 2006 | -- | $598,776 +25.1% |
| 2005 | -- | $478,664 +22.3% |
| 2004 | -- | $391,524 +15.5% |
| 2003 | -- | $338,982 |
| 2002 | -- | $338,982 +5.4% |
| 2001 | -- | $321,552 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Bay Colony
Nearby schools
GreatSchools rating
- 8/10Linkhorn Park Elementary SchoolGrades: PK-5Distance: 1.8 mi
- 7/10Virginia Beach Middle SchoolGrades: 6-8Distance: 1.9 mi
- 7/10Frank W. Cox High SchoolGrades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Linkhorn Park Elementary
- Middle: VB Middle
- High: Frank W. Cox
Source: REIN Inc.. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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