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 2 pink bungalows plus a heated saltwater pool. Blending luxury design w/ southern charm, this property gifts both owners and renters an unmatched and inspired experience. 1316 Cypress Ave is permitted for short term rentals earning 130K/yr in 2022 and 123K in 2023 YTD. 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 $850,000
$850,000
1316 Cypress Ave, Virginia Beach, VA 23451
3beds
4,298sqft
Single Family Residence
Built in 1937
0.31 Acres Lot
$929,300 Zestimate®
$198/sqft
$4,347 Estimated rent
Home value
$929,300
$827,000 - $1.04M
$4,347/mo
Zestimate® history
Owner options
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$5,140/mo
Est. payment
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Est. payment
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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#: VAVB2000396
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Heating
- Heat Pump, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 4,298
- Total interior livable area: 4,298 sqft
- Finished area above ground: 4,298
Property
Parking
- Total spaces: 4
- Parking features: Driveway
- Uncovered spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio, Porch
- Exterior features: Lighting, Street Lights, Sidewalks
- Has private pool: Yes
- Pool features: Heated, Salt Water, Private
- Fencing: Wood,Back Yard
Lot
- Size: 0.31 Acres
- Features: Downtown
Details
- Additional structures: Above Grade
- Additional parcels included: 24179553850000
- Parcel number: 24179554830000
- Zoning: R5D
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Composition
- Foundation: Crawl Space
- Roof: Composition
Condition
- Excellent
- 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: $198/sqft
- Tax assessed value: $9,000
- Annual tax amount: $9,000
- Date on market: 4/10/2024
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 6/14/2024 | Sold | $850,000$198/sqft |
Source:  Bright MLS #VAVB2000396 Report a problem | ||
| 5/14/2024 | Contingent | $850,000$198/sqft |
Source: Bright MLS #VAVB2000396 Report a problem | ||
| 4/23/2024 | Price change | $850,000-27.7%$198/sqft |
Source: Bright MLS #VAVB2000396 Report a problem | ||
| 4/10/2024 | Price change | $1,175,000-50.5%$273/sqft |
Source:  REIN Inc. #10512622 Report a problem | ||
| 1/31/2024 | Price change | $2,375,000+61%$553/sqft |
Source: Bright MLS #VAVB2000358 Report a problem | ||
| 1/31/2024 | Price change | $1,475,000-15.7%$343/sqft |
Source: REIN Inc. #10512622 Report a problem | ||
| 1/4/2024 | Price change | $1,750,000-36.4%$407/sqft |
Source: REIN Inc. #10512622 Report a problem | ||
| 12/4/2023 | Listed for sale | $2,750,000-21.4%$640/sqft |
Source: Bright MLS #VAVB2000358 Report a problem | ||
| 6/15/2023 | Listing removed | $3,500,000$814/sqft |
Source: REIN Inc. #10488075 Report a problem | ||
| 5/26/2023 | Listed for sale | $3,500,000+659.2%$814/sqft |
Source: REIN Inc. #10488075 Report a problem | ||
| 4/29/2021 | Sold | $461,000+22.9%$107/sqft |
Source: Public Record Report a problem | ||
| 5/27/2005 | Sold | $375,000$87/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,388 +8.8% | $555,500 +11% |
| 2024 | $4,953 +7% | $500,300 +7% |
| 2023 | $4,630 +25.7% | $467,700 +25.7% |
| 2022 | $3,685 +30.1% | $372,200 +30.1% |
| 2021 | $2,832 +4.3% | $286,100 +16.6% |
| 2020 | $2,717 +8.6% | $245,300 -1.7% |
| 2019 | $2,502 | $249,600 |
| 2018 | $2,502 +2.8% | $249,600 +2.8% |
| 2017 | $2,434 +8.3% | $242,800 +6.9% |
| 2016 | $2,248 +5.2% | $227,100 +5.2% |
| 2015 | $2,137 | $215,900 +2% |
| 2014 | $2,137 | $211,700 -9.1% |
| 2013 | -- | $232,900 -0.8% |
| 2012 | -- | $234,700 -2.1% |
| 2011 | -- | $239,700 -8.7% |
| 2010 | -- | $262,400 -13.4% |
| 2007 | -- | $302,884 +46.7% |
| 2006 | -- | $206,512 +29.7% |
| 2005 | -- | $159,262 +34.1% |
| 2004 | -- | $118,762 +15.7% |
| 2003 | -- | $102,618 +7% |
| 2002 | -- | $95,868 +9.1% |
| 2001 | -- | $87,900 |
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
- 1316 Cypress Ave
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