Welcome to 245 Lake Dr, a beautifully updated 1 bedroom, 1 bathroom condo in the heart of Virginia Beach just a block from the beach! The kitchen features white shaker cabinets, granite countertops, and opens to a bright, inviting living area. Enjoy your private deck with peaceful lake views. Located just one block from the beach and close to the boardwalk, dining, and shopping. Great opportunity for a primary residence, second home, or investment in a prime coastal location.
Sold
$349,900
245 Lake Dr, Virginia Beach, VA 23451
1beds
981sqft
Condominium
Built in 1983
-- sqft lot
$353,300 Zestimate®
$357/sqft
$1,792 Estimated rent
Home value
$353,300
$332,000 - $374,000
$1,792/mo
Zestimate® history
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$2,574/mo
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List your homeWhat's special
Granite countertopsWhite shaker cabinets
Zillow last checked:
Listing updated:
Listed by:
Marianna Nice,
Swell Real Estate Co 757-216-9222
Bought with:
Jeremy Ruff
Garrett Realty Partners
Source: REIN Inc.,MLS#: 10626584
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Utility Closet
Heating
- Electric, Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Included: 220 V Elec, Dishwasher, Disposal, Dryer, Microwave, Range, Electric Range, Refrigerator, Washer, Electric Water Heater
- Laundry: Dryer Hookup, Washer Hookup
Features
- Bar, Ceiling Fan(s)
- Flooring: Vinyl
- Number of fireplaces: 1
- Fireplace features: Wood Burning
- Common walls with other units/homes: End Unit
Interior area
- Total interior livable area: 981 sqft
Property
Parking
- Total spaces: 1
- Parking features: 1 Space, Assigned
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Balcony
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: City, Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Lake Front
Details
- Parcel number: 24271590310245
- Zoning: RT3
Construction
Type & style
- Home type: Condo
- Architectural style: Contemp
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Other
- Roof: Asphalt Shingle
Condition
- Rehabilitated
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: City/County
- Water: City/County
- Utilities for property: Cable Hookup
Community & HOA
Community
- Subdivision: Shadowlawn
HOA
- Has HOA: Yes
- Amenities included: Landscaping, Trash, Water
- Second HOA fee: $460 monthly
Location
- Region: Virginia Beach
Financial & listing details
- Price per square foot: $357/sqft
- Tax assessed value: $300,600
- Annual tax amount: $2,915
- Date on market: 3/25/2026
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,916 +8.5% | $300,600 +10.8% |
| 2024 | $2,687 +9% | $271,400 +9% |
| 2023 | $2,464 +7.4% | $248,900 +7.4% |
| 2022 | $2,294 +6.5% | $231,700 +6.5% |
| 2021 | $2,154 -3.9% | $217,600 +7.5% |
| 2020 | $2,243 +17.1% | $202,500 +6% |
| 2019 | $1,916 | $191,100 |
| 2018 | $1,916 | $191,100 |
| 2017 | $1,916 +2.6% | $191,100 +1.3% |
| 2016 | $1,867 -7.1% | $188,600 -7.1% |
| 2015 | $2,011 | $203,100 -0.5% |
| 2014 | $2,011 | $204,200 -1.3% |
| 2013 | -- | $206,900 |
| 2012 | -- | $206,900 |
| 2011 | -- | $206,900 |
| 2010 | -- | $206,900 -3.2% |
| 2007 | -- | $213,816 +2.9% |
| 2006 | -- | $207,860 +65.7% |
| 2005 | -- | $125,432 +39.1% |
| 2004 | -- | $90,180 +7.1% |
| 2003 | -- | $84,180 +10.1% |
| 2002 | -- | $76,444 +4.1% |
| 2001 | -- | $73,444 |
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: 0.4 mi
- 7/10Virginia Beach Middle SchoolGrades: 6-8Distance: 1 mi
- 6/10First Colonial High SchoolGrades: 9-12Distance: 3.8 mi
Schools provided by the listing agent
- Elementary: W.T. Cooke Elementary
- Middle: Virginia Beach Middle
- High: First Colonial
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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