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Key Details
Sold Price $1,073,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,550 sqft
Price per Sqft $302
Subdivision Ocean View East
MLS Listing ID 10583470
Sold Date 06/27/25
Style Transitional,Tri-Level
Bedrooms 5
Full Baths 4
HOA Y/N No
Year Built 2003
Annual Tax Amount $12,058
Property Sub-Type Detached
Property Description
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.
Location
State VA
County Norfolk
Area 13 - North Norfolk
Zoning R-12
Rooms
Other Rooms 1st Floor BR, 1st Floor Primary BR, Attic, Balcony, Breakfast Area, PBR with Bath, Porch
Interior
Interior Features Cathedral Ceiling, Dual Entry Bath (Br & Hall), Fireplace Gas-natural, Walk-In Closet
Hot Water Gas
Heating Electric
Cooling Central Air
Flooring Carpet, Ceramic, Wood
Fireplaces Number 1
Equipment Ceiling Fan, Gar Door Opener
Appliance Dishwasher, Disposal, Dryer, Dryer Hookup, Microwave, Range, Elec Range, Refrigerator, Washer, Washer Hookup
Exterior
Exterior Feature Inground Sprinkler, Irrigation Control, Patio, Pump, Well
Parking Features Garage Att 2 Car, 2 Space, Off Street
Garage Description 1
Fence None
Pool No Pool
Waterfront Description Bay
View Bay, Beach
Roof Type Asphalt Shingle
Building
Story 3.0000
Foundation Crawl
Sewer City/County
Water City/County
Schools
Elementary Schools Little Creek Elementary
Middle Schools Azalea Gardens Middle
High Schools Lake Taylor
Others
Senior Community No
Ownership Simple
Disclosures None
Special Listing Condition None
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Bought with AtCoastal Realty