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Virginia Beach

Virginia Beach

AVERAGE HOME PRICES

Lowest
$89,999
Average
$364,000
Highest
$6,900,000

AVERAGE HOME PRICE PER SQUARE FEET

Lowest
$90
Average
$219
Highest
$722

AVERAGE HOME STATISTICS IN TERMS OF:

No. of beds
4
No. of baths
2.5
Square feet
2,230

Source: Redfin (1/5/2024)

Virginia Beach oceanfront

When it comes to sun, sand, and surf, Virginia Beach does not disappoint. With a waterfront area that covers about 38 miles along both the Chesapeake Bay and the Atlantic Ocean, it holds the Guinness Record for the largest pleasure beach in the world. Millions of people flock to The Resort City on a yearly basis to get a taste of the upscale coastal lifestyle that this piece of paradise offers.

Interested in moving to this part of the Old Dominion? Learn everything you need to know about this city in Hampton Roads, from the luxury real estate in Virginia Beach, VA to the wonderful way of life here.

OVERVIEW OF VIRGINIA BEACH, VA

Virginia Beach

While Virginia Beach’s bayfront and seaside flair is certainly a hit with tourists, the city’s laid-back charm, great community, and overall quality of life have turned many visitors into permanent residents. Over the years, various industry reports have consistently named Virginia Beach as one of the best places to live in the country so it comes as no surprise that the city continues to see significant population growth.

History

The history of Virginia Beach dates back to the time when Native American tribes were the primary occupants of the land from Virginia to New York. Those who lived in the region consisting of the modern-day cities of Norfolk, Portsmouth, Chesapeake, and Virginia Beach were called the Chesepians.

In April 1607, English colonists landed on the spot where the Chesapeake Bay meets the Atlantic Ocean. They named the location Cape Henry and from there, pushed further inland to create a permanent settlement. The first landing holds such an esteemed place in the nation’s history that monuments and parks were built near the actual landing site to commemorate the event.

From a rural zone meant for agriculture, the area known as Virginia Beach in Princess Anne County was slowly developed into a resort town. This came on the heels of the construction of a railroad by the coast in 1883. The continuous modernization of infrastructure and amenities contributed to its rising reputation as a vacation retreat.

In 1952, Virginia Beach was established as an independent city, politically separate from Princess Anne County. Eleven years later, the two entities were reunited to form a larger city, retaining the name, Virginia Beach due to its popularity.

Military ties

Hampton Roads is considered to be the center of military activity on the East Coast. With around 96,000 active-duty personnel, it has the biggest concentration of military professionals outside the Pentagon. There is a strong Navy presence in the region, and other branches of the Armed Forces are well-represented, as well.

Among the major military installations in the area is Naval Air Station Oceana, which is the Navy’s Master Jet Base on the east coast. This station is located right in the heart of Virginia Beach, so seeing military personnel coming and going is an everyday encounter for locals.

Location

Virginia Beach is situated in the southeastern part of Virginia, as well as the largest city in the Hampton Roads metro area. It covers approximately 245 square miles of land while its water territory spans over 250 square miles.

Norfolk and Chesapeake lie to the west of the city and are both within half an hour away. State capital Richmond is under two hours away further west.

There are seven districts to explore in Virginia Beach, each with its own identities that influence how people come to experience the city.

The Oceanfront is considered the city’s primary beach district. Sandbridge and Chesapeake Bay both provide a calmer waterfront lifestyle for residents and tourists. Urban haven Town Center is the high-end recreational zone in the city, while the Inland district is home to more relaxed shopping, dining, and residential experiences. Pungo is all about farmlands and agricultural activities, while the ViBe Creative District showcases the city’s art and cultural talents.

Population

The population in Virginia Beach is estimated at more than 455,000 – the biggest in the state. A significant number of single young career starters holding college or graduate degrees dominate the local demographic. This is largely due to the availability of many employment opportunities in the area, particularly in leading industries such as healthcare and social assistance, retail trade, and professional/scientific/technical services.

Another huge chunk of the population in Virginia Beach consists of those 55 and above – a testament to the city’s appeal among senior adults. The relaxed day-to-day life brought by the scenic beachfront, pleasant weather, and the average cost of living in Virginia Beach makes it an attractive prospect for this segment.

Lifestyle

While the average cost of living in Virginia Beach is slightly higher than the national average, the area is still more affordable than most of its mid-Atlantic and Northeastern neighbors. Costs of groceries, utilities, and transportation are at par or lower than those in other major cities. Healthcare, housing, and other miscellaneous expenses, however, are higher than the average spend by Americans living elsewhere in the country.

Balancing this out is the high quality of life the city affords its residents. With top-notch healthcare, excellent schools, a strong economy, and the best of both city and coastal living, Virginia Beach remains one of the most desirable places to call home.

LUXURY REAL ESTATE IN VIRGINIA BEACH, VA

Rudee Inlet

Market overview

The real estate landscape in Virginia Beach is dominated by single-family homes. This type of housing comes in different styles and sizes but three- to four-bedroom structures are prevalent in the city. You’ll also find a good number of luxury real estate in Virginia Beach, VA, mostly in the more affluent neighborhoods located near the water or among golf communities.

The architectural styles seen around Virginia Beach reflect its rich history. You can still spot houses and other buildings that were built in the Colonial style. Symmetrical and spacious Georgian-style homes have also not lost their appeal. Other popular architecture styles include Federal, Ranch, and Contemporary, among others.

The Virginia Beach real estate market is considered to be highly competitive. There has been a consistent demand for housing in the area, driving home prices up over the years. Houses generally don’t stay on the market for very long, with sellers receiving multiple offers and often closing deals above their initial price.

Notable neighborhoods

Below are some of the best neighborhoods to live in Virginia Beach.

  1. THE NORTH END

    This suburban community offers residents a luxurious shoreside lifestyle, with unhindered access to the beach, a myriad of water-based activities, and a friendly atmosphere. Though near the perennially busy boardwalk area, the North End’s beach is still fairly secluded. It is also considered a family-friendly locale, primarily due to the excellent schools that serve the area.

    The North End has different housing options, ranging from homey cottages and townhouses to grand mansions. Many of the million-dollar homes in Virginia Beach are located in this upscale neighborhood.

  2. BAY COLONY

    Another premier residential area in the city, Bay Colony is an older, more established neighborhood known for maintaining a tranquil environment amid the hip and lively beach setting. Residents often engage in water activities like boating and fishing, as well as spending time in nearby parks, shopping districts, and dining establishments.

    Bay Colony is located on a peninsula less than two miles from the Atlantic Ocean, so if you are looking for waterfront luxury homes for sale in Virginia Beach, VA, this neighborhood is a good place to start your search.

  3. LYNNWOOD

    Lynnwood is a development in the Little Neck neighborhood. Given its status as one of the wealthiest communities in the city, expect the real estate here to be paragons of luxury. Lynnwood homes don’t often go on the market but when they do, they are snatched up quite quickly, given the neighborhood’s reputation as an ideal place to live the good life.

  4. GREAT NECK

    The Great Neck neighborhood offers a snapshot of how Virginia Beach looked from the 1950s to the 1980s. You will see Colonial houses, Cape Cod homes, and brick Ranch-style abodes lining the streets. The northern part of the community comes closest to the water. This is where you will find modern luxury real estate in Virginia Beach, VA.

    Apart from its picturesque setting along Broad Bay and the Lynnhaven River, residents also love the tranquil ambiance of this neighborhood. Traffic doesn’t come through the area and its location is relatively far from the crowds and the rush. These are what sets Great Neck apart from its more touristy counterparts.

Expanding your search to find more of the best neighborhoods to live in Virginia Beach won’t be difficult. Given the exceptional livability rating of the city, any of its 111 constituent communities is an excellent place to settle in.

Ultimately, wherever in the city you end up in, you can be assured of two things: excellent community amenities that are easily accessible and an abundance of beach areas that are always within driving distance!

LIVING IN VIRGINIA BEACH, VA

King Neptune Statue

Getting around

Virginia Beach is a driving city, with most residents relying on their own cars to commute around the area. Most households own an average of two cars, which is about the same as the national average.

Other commuting options include buses, ferries, the light rail, and seasonal shuttles like the VB Wave Trolley system. Bike, carriage, and boat rentals are also popular options for tourists to use while exploring the area.

Climate

The Virginia Beach climate brings nothing too extreme that it would drastically affect the experience of living in the city. Winters are often short and mild, rarely reaching below-freezing temperatures. Spring and fall seasons are delightfully temperate. In the lengthy summer season, sea breezes from the coast help relieve the heat and humidity during the period.

In terms of weather, May, October, and September are the most pleasant months while July and January are said to be the least comfortable.

Schools

Families with school-age children can rest easy knowing that their options for luxury real estate in Virginia Beach, VA come with access to some of the best educational institutions in the region.

With 86 schools under its domain, Virginia Beach City Public Schools (VBCPS) is the largest school district in Hampton Roads. It’s also considered one of the top districts in the state, with a large number of schools receiving an above-average quality rating.

Noteworthy schools belonging to VBCPS include the following:

Private school alternatives are also available in the city. In addition, those who want to pursue tertiary education within Virginia Beach may enroll in Virginia Wesleyan University or Regent University.

Shopping and dining

As with any resort town, shopping and dining are some of the best things to do in Virginia Beach, VA. Locals and tourists alike will have a grand time in any one of the shopping and dining districts in the city.

The Town Center is a massive lifestyle center located in uptown Virginia Beach, a short commute away from the oceanfront and mere minutes from Norfolk International Airport. Retail shops, high-end boutiques, varied dining options, and countless entertainment choices converge in this 36-acre development to create a unique lifestyle experience.

Meanwhile, The Artery in the Oceanfront District is a fairly new hub that was developed by small business owners located on and around Laskin Road. This locale is a collection of about 40 eateries and small shops that are all about promoting beach culture at its finest.

Seafood is a central component in Virginia Beach cuisine, and there is no shortage of restaurants that offer delightful culinary treats from the sea. Salacia Prime Seafood and Steaks, for instance, is the only AAA Four-Diamond steakhouse in Virginia. Joining the ranks of AAA-rated restaurants in Virginia Beach are Terrapin Restaurant and Zoës Steak and Seafood, both known for their wonderful menus and dining experiences.

Recreational activities

An action-packed day on the beach is filled with activities like surfing, boating, kayaking, and paddleboarding, though lounging around to take in the scene is highly encouraged, too. The Virginia Beach Boardwalk, a three-mile stretch lined with shops, restaurants, bars, and entertainment stages, is a good place for either. The widely popular King Neptune statue is also located along the boardwalk and an Instagram-worthy subject among tourists.

With the presence of vast parkland to visit and explore, hiking and biking are some of the best things to do in Virginia Beach, VA, as well. If camping is more up your alley, there are five major coastal campgrounds to choose from. First Landing State Park – named after the historic event in the country’s colonial past – is the most visited site that highlights these experiences, but there are multiple options among the 4,000 acres of city and state parks.

Dozens of hotels, country clubs, and other lifestyle establishments are also available for some leisurely golf, tennis, swimming, spa days, and the like. Adventures that will surely turn into lifelong memories include pick-your-own produce activities in the Pungo agricultural district, horseback riding down by the beach, and whale-watching cruises.

Attractions

Soaking in the arts, culture, and historical scene in Virginia Beach is definitely a worthwhile endeavor, especially since the city played an crucial role in the country’s foundation. Everyone will find it easy to appreciate the numerous celebrated sites in the city.

The Cape Henry Lighthouse was the first public works project funded by the newly formed U.S. government. It is one of the monuments built to commemorate the first landing of English settlers in the country and remains a popular tourist destination to this day.

Housing one of the world’s largest collections of vintage military aircraft, the Military Aviation Museum is another must-see attraction in the city. Apart from touring the museum, you can also catch regularly scheduled flying demos and airshows.

In the mood for an artsy afternoon? Then take a trip to the ViBe Creative District. In this area, the entire neighborhood is the canvas, with brightly colored murals seen almost everywhere. ViBe is home to over 60 artisanal businesses that also launch regular events like the Old Beach Farmers Market, Small Business Saturday, and the Mural Festival. The Virginia Museum of Contemporary Art is also located within the district.

Local events and festivals

Get the opportunity to soak in the local culture through its colorful festivals and other events when you become the owner of one of the luxury homes for sale in Virginia Beach, VA.

The Neptune Festival Boardwalk Weekend is among the biggest of these. Held every September, this event is marked by daily concerts, arts and crafts shows, as well as competitions like Neptune’s International Sandsculpting Championship and the 8K Race. The much-awaited Annual Coastal Craft Beer Festival is another event worth looking forward to for mingling with the rest of the community and tasting different varieties of brews and ales.

YOUR VIRGINIA BEACH HOME AWAITS

Wading into such a hot market like the Hampton Roads may be daunting but here at The Agency Coastal, we step up to this challenge on a regular basis for the sake of our clients. Our reputation for excellence in the region is legend, having served in the real estate industry for more than three decades. From military residences to million-dollar homes in Virginia Beach and nearby areas, we come up with the best real estate finds that fit our clients’ preferences and lifestyle.

Call us today at 757.434.4171 or reach us via email. We’ll have you living the awesome Virginia Beach life in no time!


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