Section Image

Ocean Way Condominiums

Ocean Way Condominiums

Ocean Way Condominiums
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

500 Winston Salem Ave
Virginia Beach, VA 23451-4784
61 Units
7 Stories
1985 Year Built
$507K - $1.8M Value Range

Available Units

For Sale
No Units Available
For Rent
No Units Available

Highlights

  • Ocean Front
  • W.T. Cooke Elementary School Rated A-
  • Fitness Center
  • Bay View
  • Clubhouse
  • Sauna

Modern Living in the Heart of Oceanfront

Ocean Way Condominiums, a seven-story building constructed in 1985, is located in the vibrant Oceanfront neighborhood. With 61 units, this condominium offers a blend of modern design and coastal tranquility. The building's white facade and large windows provide a clean, contemporary look that complements its surroundings. Situated just two blocks from the ocean and boardwalk, Ocean Way Condominiums offers residents easy access to the beach and a variety of local amenities.

Spacious Units with Elegant Features

Ocean Way Condominiums offers a range of 2- and 3-bedroom units, each designed to maximize comfort and style. The 2-bedroom units range from 1,498 to 1,685 square feet and include 2 bathrooms. These units are priced between $500,000 and $545,000. Features include marble, hickory, and ceramic floors, custom tile work, and marble counters in the bathrooms. The kitchens are equipped with Thermidor stainless steel appliances, maple cabinets, and Quartzite counters, along with a bar and wine cooler. The primary bedrooms boast custom closets and luxurious bathrooms with dual sinks, glassed showers, and freestanding tubs. The 3-bedroom units are more expansive, ranging from 2,798 to 3,438 square feet, with 3 and a half to 4 bathrooms. These units are priced around $1,810,000. They feature open floor plans with vaulted ceilings, custom kitchens with quartz countertops, and elegant fixtures throughout. Some units include unique elements like shiplap in the living room, natural stained solid ash oversized counters, and light sandy stained wood floors. The primary suites often come with spacious walk-in closets, jetted tubs, and separate showers. Many units offer breathtaking views of Rudee Inlet and the Atlantic Ocean, providing a serene backdrop for daily living.

Comprehensive Amenities for a Comfortable Lifestyle

Ocean Way Condominiums provides a wide array of amenities designed to enhance the living experience. Residents have access to a well-equipped gym, a party room, and a pool that overlooks the water. The building also features a sauna, a weight room, and a community room for social gatherings. Security is a priority, with an electronic entrance at the front doors, a building security system, and keyless entry. The on-site property manager ensures that maintenance and other services are promptly addressed. Additional amenities include basic cable with HBO, water, trash, sewer, and building insurance. Reserved parking is available in the parking garage, along with storage units and bicycle storage. The building also offers a dock for those interested in water activities. Pet restrictions are in place, allowing one pet no more than 15 lbs and 14 inches long. These comprehensive amenities make Ocean Way Condominiums a convenient and enjoyable place to live.

Vibrant Oceanfront Community with Endless Activities

The Oceanfront neighborhood is a dynamic area known for its famous boardwalk, excellent school district, and walkable creative arts section. The community is a mix of surfer enthusiasts, beach-loving retirees, and families who enjoy the coastal lifestyle. The ViBe Creative District, a 13-block area filled with murals and creative businesses, adds a unique charm to the neighborhood. The Virginia Museum of Contemporary Art anchors this artistic scene, while local favorites like Pink Dinghy and Three Ships Coffee Roasters offer slow food and drink options. Residents can enjoy a variety of dining options, from the fresh seafood at Tautog’s Restaurant to the New American dishes at Commune. The Old Beach Farmers Market provides fresh produce, meats, and baked goods. For shopping, the nearby Harris Teeter supermarket offers a wide selection of groceries. The neighborhood also hosts several events throughout the year, including the Something In the Water festival and the Neptune Festival, which draw visitors from near and far. Outdoor enthusiasts will appreciate the proximity to Neptune’s Park, with its playground and outdoor amphitheater, and Grommet Island Park, perfect for beginner surfers. The century-old Princess Anne Country Club offers a more refined experience with its golf course and tennis courts. For those seeking calmer waters, Owl Creek provides opportunities for paddling and fishing.

Convenient Transportation Options

Ocean Way Condominiums is well-connected to various transportation options, making it easy for residents to navigate the area. Several bus stops are within walking distance, including Pacific & Winston Salem, Atlantic & 3rd, and Pacific & 6th, which are served by transit lines such as General Booth Blvd, Aquarium & Campground Shuttle, and the Atlantic Avenue Trolley. These options provide convenient access to different parts of the city. For those who prefer to drive, major roads like Route 58, Virginia Beach Boulevard, and Interstate 264 are easily accessible. The building also offers on-site parking in a secure garage, with additional parking spaces available outside. Norfolk International Airport is approximately 30 minutes away by car, providing convenient options for air travel. With a mix of walkable and drivable options, residents can easily reach their destinations.

Building Details

Recreation

  • Fitness Center
  • Community Pool

Outdoor Features

  • Ocean Front
  • Property Fronts a Bay or Harbor

Amenities

  • Bay Views
  • Sauna
  • Door to Door Trash Pickup
  • Clubhouse
  • Security Service
  • Controlled Access

Parking

  • 1 Parking Garage Space Per Unit
  • Garage
  • 1 Car Parking Space

Condo Association

  • $886 Monthly HOA Fees
  • Monthly HOA Fees Range from $886 - $1,600
  • The Select Group/Brian Devost 757 428 5058 Association
  • Ocean Way Condominium Subdivision
  • On-Site Maintenance

Building Design

  • Mid-Rise Condominium
  • Elevator

Unit Features

  • Balcony

Unit Information

Unit
105
108
211
503
Date
03/24/2025
01/15/2025
08/06/2024
08/06/2024
Beds
2 Beds
2 Beds
2 Beds
3 Beds
Baths
2 Baths
2 Baths
2 Baths
3.5 Baths
Sq Ft
1,498
1,498
1,685
3,036
Price
$515,000
$495,000
$520,000
$1,810,000
Price / Sq Ft
$344 / Sq Ft
$330 / Sq Ft
$309 / Sq Ft
$596 / Sq Ft

Unit Size and Value Ranges

2 Bedroom Units
Sq Ft Range
1,498 - 1,685
Est. Values
$507,134 - $615,294
3 Bedroom Units
Sq Ft Range
2,798 - 3,438
Est. Values
$901,756 - $1,781,792

Map

Area Factors

Low Crime

Crime Score®

4 / 10

Bikeable

Bike Score®

58 / 100

Somewhat Walkable

Walk Score®

53 / 100

Some Transit

Transit Score®

46 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

78 / 100

--

Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

See All Agents

Property Taxes

Range in Assessed Values
$485K - $1.2M
Range of Taxes in Building
$547 - $11,497
Range of Taxes per Sq Ft
$0.37 - $3.51

Property Tax History

Source: Public Records
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.