Escape to your own secluded paradise on this unique 3-acre island nestled along the banks of the Elizabeth River. Tucked away at the end of Island Road in the sought-after Sterling Point neighborhood, this property is a true gem boasting a stunning Southern exposure. Surrounded by water, the privacy, wildlife, and breathtaking views will capture your heart. This grand 2-story brick home is awaiting your personal touch to restore it to its former splendor. Featuring 3 en-suite bedrooms, a bonus room, spacious dining and living areas with water views, and a fabulous bar and game room, this home has endless potential. Hardwood floors hidden beneath the carpets are just waiting to be refinished and shine once again. A huge 2-story detached garage offers enormous storage, hobby, and workshop space. With rip rap already in place, the construction of a dock would provide deepwater access to enjoy unlimited boating activities. Don't miss this rare opportunity to own your own paradise island! 2024-09-18
Sold for $775,000
$775,000
2701 Island Rd, Portsmouth, VA 23703
3beds
3,358sqft
Single Family Residence
Built in 1949
3 Acres Lot
$886,800 Zestimate®
$231/sqft
$2,745 Estimated rent
Home value
$886,800
$816,000 - $967,000
$2,745/mo
Zestimate® history
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Zillow last checked:
Bought with:
Lynnhaven Office
Source: Berkshire Hathaway HomeServices Towne Realty Solds,MLS#: 10532183
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Features
- Has fireplace: Yes
Interior area
- Total structure area: 3,358
- Total interior livable area: 3,358 sqft
Property
Features
- On waterfront: Yes
- Waterfront features: Waterfront
- Frontage type: Waterfront
Lot
- Size: 3 Acres
Details
- Parcel number: 07800040
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1949
Community & HOA
Location
- Region: Portsmouth
Financial & listing details
- Price per square foot: $231/sqft
- Tax assessed value: $808,890
- Annual tax amount: $10,030
- Date on market: 8/9/2024
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2024 | Sold | $775,000-13.5%$231/sqft |
Source: Public Record Report a problem | ||
| 6/11/2024 | Contingent | $896,000$267/sqft |
Source:  REIN Inc. #10532183 Report a problem | ||
| 5/24/2024 | Price change | $896,000-7.6%$267/sqft |
Source: REIN Inc. #10532183 Report a problem | ||
| 5/15/2024 | Listed for sale | $970,000$289/sqft |
Source: REIN Inc. #10532183 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,030 -6.8% | $808,890 -7.5% |
| 2024 | $10,760 +2.8% | $874,800 +4.5% |
| 2023 | $10,469 -1.7% | $837,500 +2.2% |
| 2022 | $10,649 +4.1% | $819,190 +4.1% |
| 2021 | $10,234 +4.2% | $787,260 +4.2% |
| 2019 | $9,821 | $755,500 |
| 2018 | $9,821 | $755,500 |
| 2017 | $9,821 -1.1% | $755,500 |
| 2016 | $9,932 +1.1% | $755,500 |
| 2015 | $9,821 +2.4% | $755,500 +0% |
| 2014 | $9,592 | $755,250 |
| 2013 | $9,592 -0.9% | $755,250 -0.9% |
| 2012 | $9,680 -1.5% | $762,210 -1.5% |
| 2011 | $9,832 +2.4% | $774,210 |
| 2010 | $9,600 -9.2% | $774,210 -9.2% |
| 2009 | $10,568 +2.5% | $852,240 |
| 2008 | $10,312 +9% | $852,240 +13.5% |
| 2007 | $9,461 +15.1% | $750,850 +24.2% |
| 2006 | $8,220 +8.9% | $604,380 +15.3% |
| 2005 | $7,549 +11.1% | $524,240 +11.9% |
| 2004 | $6,792 +22.4% | $468,410 +19.9% |
| 2003 | $5,547 +11.3% | $390,650 +11.3% |
| 2002 | $4,983 +4.1% | $350,900 +4.1% |
| 2001 | $4,784 | $336,930 |
Find assessor info on the county website
Neighborhood: Sterling Point
Nearby homes
- $901,7003 bd3 ba3.7k sqft2702 Island Rd, Portsmouth, VA 23703Off Market
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- $849,400-- bd3 ba3.4k sqft2740 Sterling Point Dr, Portsmouth, VA 23703Off Market
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- $502,200-- bd3 ba2.8k sqft2804 Sterling Point Dr, Portsmouth, VA 23703Off Market
- $312,460-- sqft2 Vacation Ln, Portsmouth, VA 23703Off Market
Nearby schools
GreatSchools rating
- 6/10Churchland Elementary SchoolGrades: K-6Distance: 1.3 mi
- 3/10Churchland Middle SchoolGrades: 7-8Distance: 2.8 mi
- 6/10Churchland High SchoolGrades: 9-12Distance: 2.9 mi
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$886,800
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- Virginia
- Portsmouth City
- Portsmouth
- 23703
- Sterling Point
- 2701 Island Rd
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