Incredible investment opportunity in a premier growth region at the Oceanfront! In the heart of Virginia Beach's ViBe District, eight blocks to the ocean and near the new Wave Park site. Experience the magic of this impeccably curated, one of a kind designer haven that includes 4 pink bungalows w/ 3 rental units on the lot. Blending luxury design w/ southern charm, this property gifts both owners and renters an unmatched and inspired experience. 1312 Cypress Ave has 3 yearly rental units and is priced based on 2023 appraisal, also has the potential as an event space. Expertly marketed in both print and televised media, this turnkey rental sanctuary earns a good return while land appreciates and has established followers. Seeing is believing when walking through these exceptionally designed bungalows!
Sold for $900,000
$900,000
1312 Cypress Ave, Virginia Beach, VA 23451
5beds
1,860sqft
Single Family Residence
Built in 1937
8,154 Square Feet Lot
$974,500 Zestimate®
$484/sqft
$3,743 Estimated rent
Home value
$974,500
$926,000 - $1.03M
$3,743/mo
Zestimate® history
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$3,743/mo
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$3,743/mo
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$5,475/mo
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Zillow last checked:
Listing updated:
Listed by:
Ms. Maria Kelly 703-232-0802,
Compass,
Co-Listing Agent: Madeline Middlebrook 703-772-1136,
Compass
Bought with:
NON MEMBER, 0225194075
Non Subscribing Office
Source: Bright MLS,MLS#: VAVB2000400
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 4
- Main level bedrooms: 5
Heating
- Heat Pump, Electric
Cooling
- Central Air, Heat Pump, Electric
Appliances
- Included: Gas Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,860
- Total interior livable area: 1,860 sqft
- Finished area above ground: 1,860
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 8,154 Square Feet
Details
- Additional structures: Above Grade
- Parcel number: 24179553850000
- Zoning: R5D
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Fiber Cement
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1937
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Beach Borough
HOA
- Has HOA: No
Location
- Region: Virginia Beach
Financial & listing details
- Price per square foot: $484/sqft
- Tax assessed value: $659,500
- Annual tax amount: $4,978
- Date on market: 4/12/2024
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 6/19/2024 | Sold | $900,000-21.7%$484/sqft |
Source:  Bright MLS #VAVB2000400 Report a problem | ||
| 6/6/2024 | Contingent | $1,150,000$618/sqft |
Source: Bright MLS #VAVB2000400 Report a problem | ||
| 4/23/2024 | Price change | $1,150,000-4.2%$618/sqft |
Source: Bright MLS #VAVB2000400 Report a problem | ||
| 4/10/2024 | Price change | $1,200,000+33.3%$645/sqft |
Source:  REIN Inc. #10512592 Report a problem | ||
| 1/31/2024 | Price change | $900,000-10%$484/sqft |
Source: REIN Inc. #10512592 Report a problem | ||
| 1/5/2024 | Price change | $1,000,000-63.6%$538/sqft |
Source: REIN Inc. #10512592 Report a problem | ||
| 12/5/2023 | Listed for sale | $2,750,000-21.4%$1,478/sqft |
Source: REIN Inc. #10512592 Report a problem | ||
| 6/15/2023 | Listing removed | $3,500,000$1,882/sqft |
Source: REIN Inc. #10488068 Report a problem | ||
| 5/26/2023 | Listed for sale | $3,500,000+419.1%$1,882/sqft |
Source: REIN Inc. #10488068 Report a problem | ||
| 9/2/2021 | Sold | $674,200-3%$362/sqft |
Source: Public Record Report a problem | ||
| 8/2/2021 | Contingent | $695,000$374/sqft |
Source: REIN Inc. #10387074 Report a problem | ||
| 7/26/2021 | Listed for sale | $695,000$374/sqft |
Source: REIN Inc. #10387074 Report a problem | ||
| 7/12/2021 | Contingent | $695,000$374/sqft |
Source: REIN Inc. #10387074 Report a problem | ||
| 6/28/2021 | Listed for sale | $695,000+334.4%$374/sqft |
Source: REIN Inc. #10387074 Report a problem | ||
| 11/19/2002 | Sold | $160,000$86/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,040 +23.1% | $828,900 +25.7% |
| 2024 | $6,529 +31.1% | $659,500 +31.1% |
| 2023 | $4,979 -2.8% | $502,900 -2.8% |
| 2022 | $5,120 +21.1% | $517,200 +21.1% |
| 2021 | $4,228 +1.4% | $427,100 +13.4% |
| 2020 | $4,170 +0.1% | $376,500 -9.4% |
| 2019 | $4,166 | $415,600 |
| 2018 | $4,166 +8.2% | $415,600 +8.2% |
| 2017 | $3,850 -4.2% | $384,000 -5.4% |
| 2016 | $4,019 -0.3% | $406,000 -0.3% |
| 2015 | $4,033 | $407,400 -9.3% |
| 2014 | $4,033 | $449,400 +16.8% |
| 2011 | -- | $384,800 |
| 2010 | -- | $384,800 -9.2% |
| 2007 | -- | $423,994 +34.1% |
| 2006 | -- | $316,260 +58.2% |
| 2005 | -- | $199,900 +29.8% |
| 2004 | -- | $153,965 +14.5% |
| 2003 | -- | $134,416 +6% |
| 2002 | -- | $126,760 +7.2% |
| 2001 | -- | $118,272 |
Find assessor info on the county website
Neighborhood: Seatack
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Nearby schools
GreatSchools rating
- 7/10W.T. Cooke Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 7/10Virginia Beach Middle SchoolGrades: 6-8Distance: 0.7 mi
- 6/10First Colonial High SchoolGrades: 9-12Distance: 3.4 mi
Schools provided by the listing agent
- District: Virginia Beach City Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Virginia
- Virginia Beach City
- Virginia Beach
- 23451
- Seatack
- 1312 Cypress Ave
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