Your next cash flowing beach investment is already booked and earning! Fully furnished and professionally managed, this rare 5-year city approved short term rental in Norfolk’s desirable East Beach is ready for new ownership. Generating over $150, 000 gross annual income in both 2023 and 2024, it offers a strong 9% CAP rate with consistent bookings from vacationers and corporate guests alike. Whether you're an investor or a buyer looking for a beach home that pays for itself, this one delivers. Enjoy multiple decks with Bay views, direct beach access just steps away, and a location minutes from marinas, local dining, naval bases, and the airport. This is your chance to own a high performing furnished rental in one of Coastal Virginia’s most exciting emerging markets.
Sold for $1,073,000
$1,073,000
4036 E Ocean View Avenue, Norfolk, VA 23518
5beds
--baths
3,550sqft
Single Family Residence
Built in 2003
-- sqft lot
$1,100,300 Zestimate®
$302/sqft
$5,118 Estimated rent
Home value
$1,100,300
$1.02M - $1.18M
$5,118/mo
Zestimate® history
Owner options
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$5,118/mo
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$5,118/mo
Rent Zestimate®
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$5,439/mo
Est. payment
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$5,439/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Mel Volland,
EXP Realty LLC
Source: eXp Realty,MLS#: 10583470
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Full bathrooms: 4
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Dryer Hookup, Microwave, Range, Elec Range, Refrigerator, Washer, Washer Hookup
Features
- Cathedral Ceiling, Dual Entry Bath (Br & Hall), Fireplace Gas-natural, Walk-In Closet
- Flooring: Carpet, Ceramic, Wood
- Number of fireplaces: 1
Interior area
- Total structure area: 3,550
- Total interior livable area: 3,550 sqft
Property
Parking
- Parking features: Garage Att 2 Car, 2 Space, Off Street
- Has attached garage: Yes
Features
- Stories: 3
- Exterior features: Inground Sprinkler, Irrigation Control, Patio, Pump, Well
- Pool features: No Pool
- Fencing: None
- Has view: Yes
- View description: Bay, Beach
- Has water view: Yes
- Water view: Bay, Beach
- Waterfront features: Bay
Details
- Parcel number: 20616248
- Zoning: R-12
- Other equipment: Ceiling Fan, Gar Door Opener
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Transitional, Tri-Level
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2003
Utilities & green energy
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Norfolk
Price history
| Date | Event | Price |
|---|---|---|
| 12/27/2025 | Listing removed | $5,750$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/22/2025 | Listed for rent | $5,750+105.4%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/1/2025 | Sold | $1,073,000-2.5%$302/sqft |
Source: Public Record Report a problem | ||
| 5/27/2025 | Contingent | $1,100,000$310/sqft |
Source:  REIN Inc. #10583470 Report a problem | ||
| 5/15/2025 | Listed for sale | $1,100,000-13.7%$310/sqft |
Source: REIN Inc. #10583470 Report a problem | ||
| 5/10/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/28/2025 | Listed for sale | $1,275,000+64.5%$359/sqft |
Source: Owner Report a problem | ||
| 9/23/2020 | Sold | $775,000$218/sqft |
Source: Public Record Report a problem | ||
| 6/5/2020 | Listed for sale | $775,000-3%$218/sqft |
Source: BHHS Towne Realty #10322446 Report a problem | ||
| 5/1/2020 | Listing removed | $799,000$225/sqft |
Source: XRealty.NET LLC #10296559 Report a problem | ||
| 12/23/2019 | Listed for sale | $799,000+33.2%$225/sqft |
Source: Owner Report a problem | ||
| 12/31/2015 | Listing removed | $599,900$169/sqft |
Source: Beach Office #1536409 Report a problem | ||
| 7/31/2015 | Price change | $599,900+0.2%$169/sqft |
Source: Beach Office #1536409 Report a problem | ||
| 5/9/2015 | Price change | $599,000-7.1%$169/sqft |
Source: Beach Office #1515071 Report a problem | ||
| 4/10/2015 | Listed for sale | $645,000$182/sqft |
Source: Visual Tour #1515071 Report a problem | ||
| 6/14/2014 | Listing removed | $2,800$1/sqft |
Source: Owner Report a problem | ||
| 5/27/2014 | Listed for rent | $2,800$1/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,275 +1.8% | $998,000 +1.8% |
| 2024 | $12,059 +1.1% | $980,400 +2.7% |
| 2023 | $11,929 +12.4% | $954,300 +12.4% |
| 2022 | $10,613 +9.6% | $849,000 +9.6% |
| 2021 | $9,680 +6% | $774,400 +6% |
| 2020 | $9,130 +3.1% | $730,400 +3.1% |
| 2019 | $8,859 +3.4% | $708,700 +3.4% |
| 2018 | $8,566 +18.2% | $685,300 +6% |
| 2017 | $7,246 | $646,700 +5.8% |
| 2016 | $7,246 +3.1% | $611,300 |
| 2015 | $7,030 | $611,300 |
| 2014 | $7,030 | $611,300 |
| 2013 | -- | $611,300 |
| 2012 | -- | $611,300 -4.8% |
| 2011 | -- | $642,300 -1.6% |
| 2010 | -- | $653,000 -17.1% |
| 2009 | -- | $788,000 -6.2% |
| 2008 | -- | $840,000 |
| 2007 | -- | $840,000 +20.2% |
| 2006 | -- | $698,900 +38.8% |
| 2005 | -- | $503,500 +11.1% |
| 2004 | -- | $453,000 +215.2% |
| 2003 | -- | $143,700 |
Find assessor info on the county website
Neighborhood: East Ocean View
Nearby schools
GreatSchools rating
- 2/10Little Creek Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 3/10Azalea Middle SchoolGrades: 6-8Distance: 1.7 mi
- 2/10Lake Taylor High SchoolGrades: 9-12Distance: 4.2 mi
Schools provided by the listing agent
- Elementary: Little Creek Elementary
- Middle: Azalea Gardens Middle
- High: Lake Taylor
Source: eXp Realty. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$1,100,300
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+$22,006
With Zillow Showcase(estimated)
$1,122,306
- Virginia
- Norfolk City
- Norfolk
- 23518
- East Ocean View
- 4036 E Ocean View Avenue
Nearby cities
Nearby neighborhoods
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