Experience coastal living from one of Ocean Way's most desirable residences. Located in the sought-after southeast corner penthouse, this beautifully maintained 3-bedroom, 3-bath home captures spectacular views stretching from Rudee Inlet to the Atlantic Ocean. The unique floor plan features dual primary suites, one on each level, offering exceptional privacy for owners and guests. Vaulted ceilings, a fireplace, and walls of glass create an open, light-filled living space that takes full advantage of the incredible waterfront setting. Two private balconies provide the perfect place to enjoy morning coffee, ocean breezes, or watch boats come and go through the inlet. Tastefully updated bathrooms, an unbeatable beachside location, and easy access to the Oceanfront, restaurants, and entertainment make this a rare opportunity to own one of Ocean Way's premier penthouses.
For sale
$1,275,000
500 Winston Salem Ave APT 511, Virginia Beach, VA 23451
3beds
3,074sqft
:
Get pre-qualified$9,357/mo
Condominium
Built in 1985
-- sqft lot
$1,231,500 Zestimate®
$415/sqft
$1,600/mo HOA
What's special
- 5 days |
- 380 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Joshua Parnell,
BHHS RW Towne Realty 757-422-2200
Source: REIN Inc.,MLS#: 10644999
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Rooms
- Room types: 1st Floor BR, 1st Floor Primary BR, Attic, Breakfast Area, PBR with Bath, Office/Study, Utility Room
Primary bedroom
- Level: First
Heating
- Heat Pump
Cooling
- Central Air, Zoned
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer, Electric Water Heater
Features
- Cathedral Ceiling(s), Walk-In Closet(s), Entrance Foyer
- Flooring: Carpet, Ceramic Tile, Laminate/LVP
- Attic: Scuttle,Walk-In
- Number of fireplaces: 1
- Fireplace features: Wood Burning
- Common walls with other units/homes: Corner Unit
Interior area
- Total interior livable area: 3,074 sqft
Property
Parking
- Parking features: Parking Gar, Assigned, Off Street
- Has garage: Yes
Accessibility
- Accessibility features: Accessible Elevator Installed
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio
- Exterior features: Balcony
- Pool features: None, Association
- Fencing: None
- Has view: Yes
- View description: Harbor, Ocean
- Has water view: Yes
- Water view: Harbor,Ocean
- Waterfront features: Deep Water, Lake Front, Ocean Front
Details
- Parcel number: 24271262878640
- Zoning: RT3
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- EIFS
- Foundation: Pile, Slab
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1985
Utilities & green energy
- Sewer: City/County
- Water: City/County
Community & HOA
Community
- Subdivision: Ocean Way Condominium
HOA
- Has HOA: Yes
- Amenities included: Elevator(s), Fitness Center, Landscaping, Pool, Sewer, Water
- HOA fee: $1,600 monthly
Location
- Region: Virginia Beach
Financial & listing details
- Price per square foot: $415/sqft
- Tax assessed value: $779,900
- Annual tax amount: $7,565
- Date on market: 7/21/2026
Estimated market value
$1,231,500
$1.17M - $1.29M
$4,550/mo
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,565 -2% | $779,900 |
| 2024 | $7,721 +15% | $779,900 +15% |
| 2023 | $6,714 +4.9% | $678,200 +4.9% |
| 2022 | $6,398 +17.7% | $646,300 +17.7% |
| 2021 | $5,434 -10.6% | $548,900 |
| 2020 | $6,079 +21.6% | $548,900 +10.1% |
| 2019 | $4,998 | $498,600 |
| 2018 | $4,998 0% | $498,600 |
| 2017 | $4,998 +4.3% | $498,600 +3% |
| 2016 | $4,793 +3% | $484,100 +3% |
| 2015 | $4,653 | $470,000 +8.9% |
| 2014 | $4,653 | $431,400 -10% |
| 2013 | -- | $479,100 |
| 2012 | -- | $479,100 |
| 2011 | -- | $479,100 -10.9% |
| 2010 | -- | $538,000 -17% |
| 2007 | -- | $648,500 +6.7% |
| 2006 | -- | $607,500 +52.8% |
| 2005 | -- | $397,500 +7.9% |
| 2004 | -- | $368,500 +16.8% |
| 2003 | -- | $315,500 +14.5% |
| 2002 | -- | $275,500 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Seatack
Nearby schools
GreatSchools rating
- 7/10W.T. Cooke Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 7/10Virginia Beach Middle SchoolGrades: 6-8Distance: 1.4 mi
- 6/10First Colonial High SchoolGrades: 9-12Distance: 4.1 mi
Schools provided by the listing agent
- Elementary: W.T. Cooke Elementary
- Middle: Virginia Beach Middle
- High: First Colonial
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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