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Off market
  • $374,500

    221 Market St Unit 544, Virginia Beach, VA 23462

    1beds
    1,105sqft
    Apartment
    Built in ----
    -- sqft lot
    $374,500 Zestimate®
    $339/sqft
    $1,734 Estimated rent

    Home value

    $374,500

    $352,000 - $397,000

    $1,734/mo

    Zestimate® history
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    $2,276/mo

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    What's special

    Contemporary window treatmentsContemporary flooring and fixturesFinished rooftop patioFloor to ceiling windows

    ** UNFURNISHED PREMIUM LOFT SPACE WITH WIFI; CUSTOM, TRIPLE-MODE ENTERTAINMENT SYSTEM & TWO DEDICATED PARKING GARAGE SPACES - REEF AQUARIUM NOT INCLUDED ** This is the most desirable unit in arguably the most desirable community within Town Center. This is quite literally the city's geographic center, which optimizes travel times to anywhere within Virginia Beach (~ 20 minutes any direction) and throughout Greater Hampton Roads area (adjacent to Independence/I-264 interchange). The Studio 56 Loft Condominiums community is anchored squarely in the heart of Virginia Beach's walkable business and entertainment district. This vibrant and eclectic neighborhood community is just paces from some of Virginia Beach's finest dining and entertainment venues, Studio 56 and the upscale Westin Residences bookend Coastal Virginia's arts and cultural jewel, The Sandler Center for the Performing Arts. The unit within Studio 56 sits five stories above the hum and energy of ground level. Soaring floor to ceiling windows invites natural illumination inside, while contemporary window treatments balance the benefits of natural sunlight and your privacy. Combined with traditional Ethan Allen furniture, top-end kitchen and laundry appliances, and contemporary flooring and fixtures, a living space dubbed "NAUTICUS" has been carefully curated. Whether during the day or night, you will have a panoramic southeastern overwatch of Town Center that also offers convenient views of sunrises, sunsets, seasonal moon phases, high-rise reflections, and even firework displays right from the loft. NAUTICUS is your literal corner of Town Center from which you can shop, dine, live, and play. Are you looking forward to a housewarming once you are settled? The finished rooftop patio ("6th floor") is an excellent place to offer an unparalleled social gathering experience. Historically, live bands have played atop Studio 56! Are the surf and sand beckoning? No problem! You could not be closer to the Independence/I-264 artery interchange unless you are an exit/onramp sign. Other multimodal transportation options to Virginia Beach's award-winning Oceanfront resort area include an express bus (bus stop is one block away), rideshare, or "pedal power" your way along the soon-to-be-completed 12-mile Virginia Beach [Shared-Use] Trail. Regardless of which mode you choose, you will have two dedicated covered automobile parking spots conveniently located on the first level right near the elevator and stairwell of Town Center's Red Garage for yourself and/or guests. Town Center Parking Enforcement patrol and enforce unauthorized parking. Lease terms are for a minimum of 12 months per condominium restrictions. Longer-term leases may be considered by the Landlord, but typically the Landlord does 12-month leases and gives current tenants the right-of-first refusal to extend for another 12 months at least 30 days before expiry. ABSOLUTELY NO SHORT-TERM/VACATION RENTING IS ALLOWED PER COMMUNITY REGULATIONS.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Microwave, Oven, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Flooring: Tile
    Interior area
    • Total interior livable area: 1,105 sqft

    Property

    Parking
    • Parking features: Detached
    • Details: Contact manager
    Accessibility
    • Accessibility features: Disabled access
    Features
    • Patio & porch: Patio
    • Exterior features: Dedicated, enforceable parking for two vehicles, Easily accessible public transit, Heating system: Forced Air, Keyless entry/security, Safe, walkable community
    Details
    • Parcel number: 14774488920544

    Construction

    Type & style
    • Home type: Apartment
    • Property subtype: Apartment

    Community & HOA

    Community
    • Deposit fee: $2,600
    Location
    • Region: Virginia Beach

    Financial & listing details

    • Price per square foot: $339/sqft
    • Tax assessed value: $333,900
    • Annual tax amount: $3,239
    • Date on market: 8/28/2025
    • Date available: 10/01/2025
    • Lease term: 1 Year

    Price history

    DateEventPrice
    11/1/2025Listing removed$2,600$2/sqft
    Source: Zillow Rentals Report a problem
    9/1/2025Price change$2,600-25.7%$2/sqft
    Source: Zillow Rentals Report a problem
    8/28/2025Listed for rent$3,500$3/sqft
    Source: Zillow Rentals Report a problem
    6/2/2008Sold$410,200$371/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,239 +2.9%$333,900 +5%
    2024$3,148 +2%$318,000 +2%
    2023$3,088 +8.4%$311,900 +8.4%
    2022$2,848 -22.6%$287,700 +14.8%
    2021$3,678 +2.7%$250,600 +2.7%
    2020$3,582 +1%$244,100
    2019$3,546 +44.9%$244,100
    2018$2,447 +40.8%$244,100 +2%
    2017$1,738 -49.6%$239,300
    2016$3,446 $239,300
    2015$3,446 $239,300
    2014$3,446 $239,300 +4%
    2013-- $230,100 +4.1%
    2012-- $221,100 -24.7%
    2011-- $293,800
    2010-- $293,800
    Find assessor info on the county website

    Neighborhood: Thalia

    Nearby schools

    GreatSchools rating
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    $374,500
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    +$7,490
    With Zillow Showcase(estimated)
    $381,990