Your opportunity to own a high performing, luxury short term rental in East Beach with a rare 5-year CUP is here! Fully furnished, professionally managed generating over $107,000 annual gross income, offering a compelling cap rate (~8%+) with clear upside. Built in 2022, all major systems are only four years old meaning this is a true turnkey opportunity. Designed for larger groups, the spacious layout and curated interiors create a premium guest experience that drives consistent bookings and repeat stays. Located just steps from the Chesapeake Bay in one of Norfolk’s most sought after waterfront communities, with quick access to East Beach dining, marinas, and amenities. Naval Station Norfolk, JEB Little Creek and the airport minutes away. East Ocean View has a limited inventory of legal STRs, this is a standout investment or beach home with proven success!
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Street View
$669,900
2701 Pleasant Ave, Norfolk, VA 23518
4beds
2,550sqft
Single Family Residence
Built in 2022
-- sqft lot
$672,900 Zestimate®
$263/sqft
$3,657 Estimated rent
Home value
$672,900
$633,000 - $713,000
$3,657/mo
Zestimate® history
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$4,114/mo
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List your homeWhat's special
Fully furnishedCurated interiorsSpacious layout
Zillow last checked:
Listing updated:
Listed by:
Mel Volland,
EXP Realty LLC 866-825-7169
Bought with:
Jeff Babb
AtCoastal Realty
Source: REIN Inc.,MLS#: 10629014
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Natural Gas
Cooling
- Central Air, Zoned
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Gas Range, Refrigerator, Washer, Electric Water Heater
Features
- Cathedral Ceiling(s), Primary Sink-Double, Walk-In Closet(s), Ceiling Fan(s)
- Flooring: Vinyl
- Windows: Window Treatments
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Electric
Interior area
- Total interior livable area: 2,550 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Att 2 Car, Off Street, Driveway, Garage Door Opener
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Porch
- Pool features: None
- Fencing: Back Yard,Front Yard,Full,Fenced
- Waterfront features: Not Waterfront
Lot
- Features: Corner
Details
- Parcel number: 42311601
- Zoning: R-12
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Transitional
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 2022
Utilities & green energy
- Sewer: City/County
- Water: City/County
Green energy
- Water conservation: Rain Water Harvesting
Community & neighborhood
Security
- Security features: Security System
Location
- Region: Norfolk
- Subdivision: Ocean View East
HOA & financial
HOA
- Has HOA: No
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,735 +3.4% | $628,900 +3.4% |
| 2024 | $7,482 +5.3% | $608,300 +7% |
| 2023 | $7,104 +103.2% | $568,300 +103.2% |
| 2022 | $3,496 +422.8% | $279,700 +422.8% |
| 2021 | $669 -61.2% | $53,500 -61.2% |
| 2020 | $1,725 +2.8% | $138,000 +2.8% |
| 2019 | $1,678 +2.8% | $134,200 +2.8% |
| 2018 | $1,633 +16% | $130,600 +4.4% |
| 2017 | $1,408 | $125,100 +0.8% |
| 2016 | $1,408 -1.4% | $124,100 |
| 2015 | $1,427 | $124,100 |
| 2014 | $1,427 | $124,100 |
| 2013 | -- | $124,100 |
| 2012 | -- | $124,100 -7.9% |
| 2011 | -- | $134,800 -3.4% |
| 2010 | -- | $139,600 -17.6% |
| 2009 | -- | $169,500 -8.1% |
| 2008 | -- | $184,500 |
| 2007 | -- | $184,500 +43% |
| 2006 | -- | $129,000 +53% |
| 2005 | -- | $84,300 +18.2% |
| 2004 | -- | $71,300 +9.2% |
| 2003 | -- | $65,300 +4.8% |
| 2002 | -- | $62,300 +3.3% |
| 2001 | -- | $60,300 +4.9% |
| 2000 | -- | $57,460 |
Find assessor info on the county website
Neighborhood: East Ocean View
Nearby schools
GreatSchools rating
- 2/10Little Creek Elementary SchoolGrades: PK-5Distance: 1 mi
- 3/10Azalea Middle SchoolGrades: 6-8Distance: 1.5 mi
- 2/10Lake Taylor High SchoolGrades: 9-12Distance: 4.3 mi
Schools provided by the listing agent
- Elementary: Little Creek Elementary
- Middle: Azalea Gardens Middle
- High: Lake Taylor
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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$672,900
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$686,358
- Virginia
- Norfolk City
- Norfolk
- 23518
- East Ocean View
- 2701 Pleasant Ave
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