This is a rare opportunity to own 108 acres in the Pungo area of Virginia Beach. This unique property offers a beautiful mix of open farmland and wooded acreage - the perfect setting for a private estate, recreational retreat, or long-term investment. A portion of the land is currently being farmed, providing agricultural use and potential tax advantages (subject to buyer verification). Wooded areas offer excellent habitat for wildlife, ideal for hunting and outdoor enjoyment. Access is via a private drive, enhancing the secluded, estate-like setting. Approximately 3 acres of the property contain an existing dwelling that is uninhabitable and being sold as-is, along with trailers, debris, and outbuildings. Seller may remove some items while listed, but makes no guarantees. Zoned AG1. Large tracts this size in VB are increasingly rare, making this a unique opportunity to create a private estate, recreational haven, or legacy property.
Vacant landProperty Type
108 acresLot Size
$10,185Price/Acres
Listed by Susan Moody• Howard Hanna Real Estate Svcs.
Pungo-Blackwater, located between Back Bay National Wildlife Refuge and the North Landing River, is a rural and waterfront Virginia Beach neighborhood with working farmland and broad marsh views. The neighborhood’s character concentrates around the Princess Anne Rd and Indian River Rd corridor, where farm stands, feed stores, and low-slung local eateries set an unhurried pace. Roads thread past ditches, canals, and fields toward boat ramps and wildlife trails. Architecture leans to ranch homes, cottages, and newer builds on larger lots, often with porches and outbuildings. Outdoor life centers on paddling, birding, and seasonal harvests. Evenings read quiet, with dark skies and long horizons.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Interior features
Cleared areas and wooded sections across the property
Suitable for agriculture and recreational use
Zoned for horses
Exterior features
Approximately 108 acres
Property includes cleared land, flag lot configuration, and wooded areas
Heavily wooded in parts and partially wooded elsewhere
Currently used for crops
Creek and marsh frontage — on the waterfront
Private road frontage with gravel road access
Home design
Contains other buildings and an uninhabitable dwelling
Property suitable for residential use among other uses
Construction
Uninhabitable dwelling present (no further construction details provided)
Utilities
Electric service available
Well water
Septic system
Sale and tax history for 1229 Princess Anne Rd
Sale History
Tax History
Date
Event
Price
REINMLS #10638277
Aug 14, 2026
Price Changed
$1,100,000
Jun 5, 2026
Listed
$1,200,000
Year
Property tax
Land + Additions
Assessment*
2025
$3,444 (+6.9%)
$928,200 + $33,600
$961,800
2024
$3,223 (+5.5%)
$928,200 + $33,600
$961,800
2023
$3,054 (+20.1%)
$916,400 + $33,700
$950,100
2022
$2,543 (+7.6%)
$902,900 + $32,900
$935,800
2021
$2,364 (−1.3%)
$863,300 + $32,900
$896,200
2020
$2,394 (−1.4%)
$785,400 + $30,000
$815,400
2019
$2,429 (+4.6%)
$788,200 + $30,000
$818,200
2018
$2,322 (+2.0%)
$792,100 + $24,900
$817,000
2017
$2,276
$788,700 + $24,900
$813,600
Public record
Public record
Zoning
Beds
4
Baths
1.5
Stories
2
Lot width
—
Lot depth
—
Lot size
108.21 Acres
Year renovated
—
Finished Sq. Ft.
2,880
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,880
Year built
1920
Style
Single Family Residential
County
Virginia Beach
APN
24013240920000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 23, 2026.
AG1
Agricultural District
The purpose of the AG-1 Agricultural Districts is to protect and preserve agricultural lands for agricultural functions, including agritourism and the direct sale of agricultural and agricultural-related products to the public, and to protect and preserve agricultural lands and activities in the rural areas of the city in harmony with reasonable levels of rural residential development and in keeping with the special rural character, environmental protection needs and limited rural infrastructure available.
Permitted uses
Include but are not limited to:
Agriculture
Equestrian facility
Greenhouse / nursery
Livestock production
Winery & vineyard
Day care facility
Housing-Single unit
Housing-Senior
Agriculture-Grove / orchard
Park & open space
Climate risks
5/10 Flood Factor
Estimated 42-56% chance of a flood reaching the building in the next 30 years
4/10 Fire Factor
0.93% chance of being in a wildfire in next 30 years
8/10 Heat Factor
7 days above 105° expected this year, 17 days in 30 years
8/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Virginia Beach, VA • 23457
Average low and high temperatures (°F)
47
30
51
34
66
46
73
54
77
60
86
69
88
75
81
68
78
66
71
54
64
46
53
36
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 9% for direct sun exposure in Virginia Beach. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1229 Princess Anne Rd
$1,024,226
$76K under list price of $1.10M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $770K to $1.1M.