For sale

$2,695,000

309 Caspian Ave, Virginia Beach, VA 23451

5beds

4,378sqft

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Single Family Residence

Built in 1965

0.43 Acres Lot

$2,573,300 Zestimate^®

$616/sqft

$-- HOA

What's special

Bright sunroomFiber cement sidingLarge floating dockFive bedroomsTwo half bathsDedicated office

Gorgeously updated, deep waterfront luxury coastal home featuring five bedrooms, five full baths, and two half baths in the heart of Shadowlawn. Featuring a large floating dock and 25,000 lb boat lift on Lake Rudee with 12 ft low-tide clearance and direct passage to the Atlantic - great for fishing and sunset cruises. Host guests and have gatherings by your stunning pool with covered pool house complete with kitchen, bar, and pool bath. Inside you will find a chef’s kitchen opening to a bright sunroom and dining area with natural gas fireplace, leading into an expansive den with abundant natural light, which opens to your pool and outdoor living spaces. The wraparound first-floor deck overlooks the inlet, plus a second-floor deck off one of two primary suites. All five bedrooms are ensuites, enjoy privacy of a dedicated office, fiber cement siding, and attached 2-car garage. Originally two waterfront lots, but offers the potential to vacate and restore the original property line.

86 days

811

39

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 7
Full bathrooms: 5
1/2 bathrooms: 2

Rooms

Room types: 1st Floor BR, Breakfast Area, Fin. Rm Over Gar, PBR with Bath, Office/Study, Sun Room, Utility Room

Heating

Heat Pump, Programmable Thermostat, Zoned

Cooling

Central Air, Zoned

Appliances

Included: Dishwasher, Disposal, Dryer, Microwave, Gas Range, Refrigerator, Washer, Electric Water Heater

Features

Primary Sink-Double, Walk-In Closet(s), Ceiling Fan(s), Entrance Foyer, Pantry
Flooring: Carpet, Other, Wood
Windows: Window Treatments
Basement: Crawl Space
Attic: Scuttle
Number of fireplaces: 1
Fireplace features: Fireplace Gas-natural

Interior area

Total interior livable area: 4,378 sqft

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Property

Parking

Total spaces: 2
Parking features: Garage Att 2 Car, Multi Car, Driveway, On Street, Garage Door Opener
Attached garage spaces: 2
Has uncovered spaces: Yes

Features

Stories: 2
Patio & porch: Deck, Patio, Porch
Exterior features: Balcony
Pool features: In Ground
Fencing: Partial,Privacy,Fenced
Has view: Yes
View description: Water
Has water view: Yes
Water view: Water
Waterfront features: Boat Lift, Deep Water, Deep Water Access, Dock, Navigable Water

Lot

Size: 0.43 Acres

Details

Parcel number: 24270251840000
Zoning: R5S
Other equipment: Backup Generator

Construction

Type & style

Home type: SingleFamily
Architectural style: Transitional
Property subtype: Single Family Residence

Materials

Fiber Cement
Foundation: Pile
Roof: Asphalt Shingle

Condition

New construction: No
Year built: 1965

Utilities & green energy

Sewer: City/County
Water: City/County
Utilities for property: Cable Hookup

Community & HOA

Community

Subdivision: Shadowlawn

HOA

Has HOA: No

Location

Region: Virginia Beach

Financial & listing details

Price per square foot: $616/sqft
Tax assessed value: $1,383,100
Annual tax amount: $13,416
Date on market: 4/2/2026

Estimated market value

$2,573,300

$2.44M - $2.70M

$5,965/mo

Price history

Price history is unavailable.

Public tax history

Year	Property taxes	Tax assessment
2025	$13,416 +3.1%	$1,383,100 +5.3%
2024	$13,007 +19.5%	$1,313,800 +19.5%
2023	$10,888 +3.6%	$1,099,800 +3.6%
2022	$10,505 +5.2%	$1,061,100 +5.2%
2021	$9,985 -6.7%	$1,008,600 +4.4%
2020	$10,704 +20.7%	$966,500 +9.3%
2019	$8,867	$884,500
2018	$8,867 +106.5%	$884,500 +3.3%
2017	$4,294 -43.2%	$856,600 +12.1%
2016	$7,565	$764,100

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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