Welcome to 5480 Memorial Drive in the sought-after Sajo Farms community. This meticulously maintained home is one of the larger models in the neighborhood and offers expansive living spaces with an exceptional layout designed for comfort and entertaining. The property features beautiful views of Lake Smith, creating a peaceful waterfront setting with wild life right in your backyard. A private dock is already in place and ready for your pontoon boat, making it easy to enjoy relaxing evening cruises and stunning sunset views on the lake. Sajo Farms is conveniently located with quick access to the airport, downtown Norfolk, and major routes. You’ll also be just a short drive from the recreational Virginia Beach Oceanfront, the Chesapeake Bay, and the popular Chick’s Beach area. This is a rare opportunity to own a beautiful lakefront home in one of the area’s most desirable communities.
Sold
$799,900
5480 Memorial Dr, Virginia Beach, VA 23455
5beds
2,986sqft
Condominium
Built in 2009
-- sqft lot
$811,600 Zestimate®
$268/sqft
$3,943 Estimated rent
Home value
$811,600
$771,000 - $852,000
$3,943/mo
Zestimate® history
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List your homeWhat's special
Meticulously maintained homeExpansive living spacesPeaceful waterfront settingBeautiful lakefront home
Zillow last checked:
Listing updated:
Listed by:
Al Lozito,
The Real Estate Group 757-961-9090
Bought with:
Christin Glover
Fathom Realty
Source: REIN Inc.,MLS#: 10624939
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: 1st Floor BR, 1st Floor Primary BR, Attic, Breakfast Area, Fin. Rm Over Gar, PBR with Bath
Primary bedroom
- Level: First
Heating
- Electric, Forced Air, Heat Pump, Natural Gas
Cooling
- Central Air, Heat Pump
Appliances
- Included: Dishwasher, Disposal, Electric Range, Refrigerator, Electric Water Heater
- Laundry: Dryer Hookup, Washer Hookup
Features
- Cathedral Ceiling(s), Walk-In Closet(s), Ceiling Fan(s), Entrance Foyer, Pantry
- Flooring: Carpet, Ceramic Tile, Laminate/LVP, Wood
- Windows: Window Treatments
- Attic: Pull Down Stairs,Scuttle
- Number of fireplaces: 1
- Fireplace features: Fireplace Gas-natural
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,986 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Att 2 Car, 2 Space, Driveway, On Street
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 2
- Patio & porch: Patio, Porch, Screened Porch
- Pool features: None, Association
- Has spa: Yes
- Spa features: Bath
- Fencing: Back Yard,Decorative,Partial,Fenced
- Has view: Yes
- View description: Water, Trees/Woods
- Has water view: Yes
- Water view: Water
- Waterfront features: Dock, Lake Front
Lot
- Features: Wooded
Details
- Parcel number: 14683953570212
Construction
Type & style
- Home type: Condo
- Architectural style: Farmhouse
- Property subtype: Condominium
Materials
- Clapboard, Stone
- Foundation: Slab
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 2009
Utilities & green energy
- Sewer: City/County
- Water: City/County
- Utilities for property: Cable Hookup
Community & HOA
Community
- Security: Security System
- Subdivision: Sajo Farm
HOA
- Has HOA: Yes
- Amenities included: Boat Slip, Cable TV, Clubhouse, Dock, Landscaping, Playground, Pool
- Second HOA fee: $256 monthly
Location
- Region: Virginia Beach
Financial & listing details
- Price per square foot: $268/sqft
- Tax assessed value: $691,900
- Annual tax amount: $6,711
- Date on market: 3/13/2026
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,711 -3.9% | $691,900 -1.9% |
| 2024 | $6,980 +2.3% | $705,100 +2.3% |
| 2023 | $6,822 +14.2% | $689,100 +14.2% |
| 2022 | $5,974 +13.5% | $603,400 +13.5% |
| 2021 | $5,264 -5.6% | $531,700 +5.6% |
| 2020 | $5,574 +15.9% | $503,300 +4.9% |
| 2019 | $4,811 | $479,900 |
| 2018 | $4,811 +0.6% | $479,900 +0.6% |
| 2017 | $4,782 +4.4% | $477,000 +3.1% |
| 2016 | $4,582 -2.5% | $462,800 -2.5% |
| 2015 | $4,700 | $474,700 +2.3% |
| 2014 | $4,700 | $464,000 +0.5% |
| 2013 | -- | $461,900 |
| 2012 | -- | $461,900 |
| 2011 | -- | $461,900 |
| 2010 | -- | $461,900 |
Find assessor info on the county website
Neighborhood: Bayside
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Nearby schools
GreatSchools rating
- 7/10Shelton Park Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 4/10Bayside Middle SchoolGrades: 6-8Distance: 1.3 mi
- 6/10Bayside High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Shelton Park Elementary
- Middle: Bayside Middle
- High: Bayside
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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- Virginia
- Virginia Beach City
- Virginia Beach
- 23455
- Bayside
- 5480 Memorial Dr
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