Lovely water views on two floors in this Penthouse overlooking the Elizabeth River and Downtown Norfolk. Floor to ceiling windows, skylights, private balconies on both levels, and a private rooftop terrace provide the perfect space for easy everyday living and fabulous entertaining. Two assigned parking spots #2 & #3 are in a gated lot w/private door to building. The Pier Condominium is extremely well-managed with ample reserves and an onsite Manager M-F, 8-5. Boat slip #83 at $155 per month conveys with the unit and has power, water and dock box. Condo fee $950 includes basic cable, elevators, security, water, sewer, trash pickup, building insurance, flood insurance, and a Yacht Club on the first floor. 2 Pets allowed per unit. Designated Storage area. 2023 HVAC, 2024 Trex on balconies. Water heater to be replaced prior to closing.
For sale
$525,000
40 Rader St APT 505, Norfolk, VA 23510
2beds
1,848sqft
Condominium
Built in 1918
-- sqft lot
$522,900 Zestimate®
$284/sqft
$1,105/mo HOA
What's special
Private rooftop terraceFloor to ceiling windows
- 7 days |
- 339 |
- 19 |
Zillow last checked:
Listing updated:
Listed by:
Charlotte Chandler,
BHHS RW Towne Realty 757-217-4200,
Claudia Mackintosh,
BHHS RW Towne Realty
Source: REIN Inc.,MLS#: 10638027
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Assigned Storage, PBR with Bath, Utility Closet
Heating
- Heat Pump
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer, Electric Water Heater
Features
- Cathedral Ceiling(s), Ceiling Fan(s), Entrance Foyer
- Flooring: Carpet, Ceramic Tile, Marble, Wood
- Attic: Walk-In
- Has fireplace: No
- Common walls with other units/homes: End Unit
Interior area
- Total interior livable area: 1,848 sqft
Property
Parking
- Total spaces: 2
- Parking features: 2 Space, Assigned, Off Street, On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 1
- Patio & porch: Deck
- Exterior features: Balcony
- Pool features: None
- Fencing: Partial,Fenced
- Has view: Yes
- View description: City, Harbor
- Has water view: Yes
- Water view: Harbor
- Waterfront features: Deep Water, Deep Water Access, Dock, River Front
Lot
- Features: Corner
Details
- Parcel number: 34077777
- Other equipment: Backup Generator
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Other
- Foundation: Pile
- Roof: Other
Condition
- New construction: No
- Year built: 1918
Utilities & green energy
- Sewer: City/County
- Water: City/County
- Utilities for property: Cable Hookup
Community & HOA
Community
- Security: Security System
- Subdivision: Downtown Area
HOA
- Has HOA: Yes
- Amenities included: Boat Slip, Cable TV, Clubhouse, Dock, Elevator(s), Fitness Center, Landscaping, Security, Sewer, Trash, Water
- HOA fee: $155 monthly
- Second HOA fee: $950 monthly
Location
- Region: Norfolk
Financial & listing details
- Price per square foot: $284/sqft
- Tax assessed value: $587,000
- Annual tax amount: $7,220
- Date on market: 6/5/2026
Estimated market value
$522,900
$497,000 - $549,000
$2,893/mo
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,220 +8.4% | $587,000 +8.4% |
| 2024 | $6,659 +8.5% | $541,400 +10.2% |
| 2023 | $6,140 +25.4% | $491,200 +25.4% |
| 2022 | $4,898 +16.8% | $391,800 +16.8% |
| 2021 | $4,194 -4.6% | $335,500 -4.6% |
| 2020 | $4,398 | $351,800 |
| 2019 | $4,398 +15.3% | $351,800 -13.5% |
| 2018 | $3,814 -26.2% | $406,800 -9.5% |
| 2017 | $5,167 | $449,300 -3.5% |
| 2016 | $5,167 -2.6% | $465,800 |
| 2015 | $5,306 | $465,800 |
| 2014 | $5,306 | $465,800 |
| 2013 | -- | $465,800 |
| 2012 | -- | $465,800 -6.3% |
| 2011 | -- | $497,300 -1.8% |
| 2010 | -- | $506,500 |
| 2009 | -- | $506,500 +12.9% |
| 2008 | -- | $448,700 -0.5% |
| 2007 | -- | $450,900 +29.5% |
| 2006 | -- | $348,200 +21.3% |
| 2005 | -- | $287,100 +10.9% |
| 2004 | -- | $258,800 +23.5% |
| 2003 | -- | $209,600 +2% |
| 2002 | -- | $205,400 +10% |
| 2001 | -- | $186,700 +0% |
| 2000 | -- | $186,640 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
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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Climate risks
Neighborhood: Ghent
Nearby schools
GreatSchools rating
- 8/10W.H. Taylor Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 4/10Blair Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Maury High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Walter Herron Taylor Elementary
- Middle: Blair Middle
- High: Maury
Source: REIN Inc.. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Virginia
- Norfolk City
- Norfolk
- 23510
- Ghent
- 40 Rader St Apartment 505
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