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About this home
Lakefront living meets year round luxury on this one of a kind 1.15 acre Lake Smith property, offering 400 feet of private shoreline and an exceptional blend of modern upgrades and resort style amenities. This home now features 4 spacious bedrooms and 3 full baths, creating generous private living space to match its extraordinary outdoor setting. Recent improvements since 2019—including the kitchen upgrades, HVAC, roof, carpet, electrical panel, windows, and driveway—deliver turnkey comfort in one of Virginia Beach’s most sought after neighborhoods. An impressive 1,100 sq ft deck, a 1,200 sq ft four season room (heated/cooled by 2 mini-split systems), and an indoor heated swimming pool set the stage for true resort style living. Three fireplaces (including one natural gas), a chef’s kitchen with a Miele six burner gas oven and GE Profile over the range microwave, a whole house generator, and an in ground irrigation system add everyday convenience and luxury. A detached workshop—complete with full electrical service and running water—provides exceptional flexibility for hobbies, storage, or future expansion. Seller financing available for buyer with appropriate qualifications.
Lake Smith Terrace, located between Lake Smith and the Norfolk city line, is a residential and lakeside Virginia Beach neighborhood with a wooded shoreline and mid-century streetscapes. The neighborhood’s character concentrates around the Lake Smith/Lake Lawson Natural Area trailheads, where boardwalk paths, birdlife, and kayaks set the daily rhythm. Brick ranches and split-levels sit on curving roads with mature trees and long driveways, giving the blocks a quiet, established feel. The lake edge reads like a small retreat, with water views and pockets of marshy habitat. For a local night out, the nearby Shore Drive corridor links to familiar pillars such as The Bold Mariner Brewing Company, Taste, and the outdoor stage at the Brock Environmental Center.
Provided by Walk Score and Local Logic
Offer insights
1001 Five Forks Rd · $1,075,000
$1.07M and above
75% chance or better to win
Why $1.07M+ is a strong offer
DAYS ON MARKET
31 days
The average home goes pending in 26 days.
SALE-TO-LIST
99.6%
Most homes are selling 0% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Backup generator
Ceiling fans
Garage door opener
Gas-natural and wood fireplaces
Double primary sink
Bedrooms
First-floor master bedroom
One bedroom with ensuite
Additional bedroom
Bathrooms
Three full bathrooms
Full bathroom on the first floor
Kitchen
Gas range
Microwave
Dishwasher
Disposal
Refrigerator
Laundry & utility
Washer
Dryer
Utility room
Flooring
Carpet
Ceramic
Slate
Wood
Heating & cooling
Heat pump heating
Central air conditioning
Exterior features
In-ground pool
Pump
Private well
Waterfront on a lake
Approximately 1.15 acres
Home design
Detached ranch
Single-story with one living level
Crawl space foundation
Parking
Attached 2-car garage (about 500 sq ft)
Off-street parking
Driveway parking spaces
Construction
Brick and shingle siding
Asphalt shingle roof
Built as a ranch style (single story)
Utilities
City/County water
City/County sewer
Electric water heater
HOA & community
No HOA or POA monthly fees indicated
Electricity and solar
View estimated energy costs and solar savings for this home
The purpose of the Residential Districts is to provide areas for residential housing types at a variety of densities, provide for harmonious neighborhoods located so as to create compatibility and to provide for certain other necessary and related uses within residential communities but limited as to maintain neighborhood compatibility. The R-40, R-30 and R-20 Residential Districts provide for larger minimum lot sizes for use in areas where lower residential densities are necessary to address environmental and public facilities constraints as recommended by the comprehensive plan. The R-15, R-10 and R-7.5 Residential Districts provide for medium density single-family residential development in areas where these densities are recommended by the comprehensive plan. The R-5D Residential Duplex District is created in recognition of the existence of developed areas where single-family and semidetached dwellings exist on lots averaging five thousand square feet in area and where duplexes exist on lots of ten thousand square feet in area. It is not the intention to create additional R-5D Districts or to enlarge the limits of existing R-5D Districts. The R-5R Residential Resort District is created in recognition of the existence of developed areas where single-family and duplex dwellings exist on lots of less than seven thousand five hundred square feet of area and where the character of the neighborhood includes both permanent yearround residents as well as seasonal residents. It is not the intention to create additional R-5R Districts or to enlarge the limits of existing R-5R Districts. The R-5S Residential Single-Family District is created in recognition of the existence of developed areas where single-family dwellings exist on lots with fifty- and sixty-foot frontages. It is not the intention to create additional R-5S Districts or to enlarge the limits of existing R-5S Districts. The R-2.5 Residential Townhouse District provides for the development of residential townho
Permitted uses
Include but are not limited to:
Agriculture
Day care facility
Housing-Single unit
Housing-Senior
Infrastructure
Educational/school
Communications tower
Cemetery
Park & open space
Apr 2, 2023 • Final
Building addition and or alteration residential
Remove and replace a driveway and apron within the existing footprint.
Grading
Apr 11, 2021 • Final
Gas residential
Install a new gas outlet for a generator.
Gas
Generator
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 104° expected this year, 17 days in 30 years
8/10 Wind Factor
95% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Virginia Beach, VA • 23455
Average low and high temperatures (°F)
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31
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34
65
45
73
54
76
61
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71
88
75
80
70
78
67
70
56
63
47
52
37
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 25% for direct sun exposure in Virginia Beach. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1001 Five Forks Rd
$1,037,279
$38K under list price of $1.08M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $546K to $1.0M.