500 Goodspeed Rd is a 5,911 square foot house on a 1.07 acre lot with 5 bedrooms and 5.5 bathrooms. - it last sold on September 16, 2022 for $1,190,000. Based on Redfin's Virginia Beach data, we estimate the home's value is $2,475,508.
Single-familyProperty Type
1971Year Built
1.07 acresLot Size
$419Est. Price/Sq.Ft.
2 car garageParking
Source:Public Records
Redfin Estimate
$2,475,508
$1.3M since sold in September 2022$156K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 15.5% higher than the average sale price ($2.14M) of 5 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
R20
Residential District
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
May 22, 2025 • Active
Electrical commercial
Install a new electrical service and panelboard for a storm water pump station. The work includes setting up an equipment rack for storm water level monitoring and a telemetry unit.
Electrical
Sep 29, 2024 • Final
Building addition and or alteration residential
Remove the existing second story and reframe the floor and roof systems. Complete first floor renovations including elevating the finished floor to meet required elevation standards. Obtain a new elevation certificate at the framing and final inspection stages.
Addition
Remodel
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.
Property details
Interior
Bathroom Information
# of Full Baths: 5
# of 1/2 Baths: 1
Heating & Cooling
Air Conditioning Type: Central
Heating Type: Forced Air Oil
Fireplace Information
# of Fireplaces: 2
Fireplace Type: Masonry
Has Fireplace
Room Information
# of Rooms: 13
Exterior
Exterior Information
Physical Condition: Average
Foundation Type: Dirt/Earth
Construction Type: Wood
Exterior Wall: Brick
Roof Shape Type: Hip
Building Type: Single Family
Pool Information
Pool Type: Inground
Has Pool
Property Information
Subdivision Name: PRINCESS ANNE HILLS
Living Sq. Ft: 5,911
Building Sq. Ft: 5,911
# of Stories: 1.5
Legal Description: PRINCESS ANNE HILLS PARK SEC A LOT 25A
Parking & Garage Information
Parking Type: Detached Garage
Garage/Parking Sq. Ft: 528
Garage / Carport Type: Detached
Lot Information
# of Buildings: 1
Land Sq. Ft: 46,589
Legal Lot Number: 25A
Municipality Name: LYNNHAVEN
Acres: 1.0695
Zoning Code: R20
County Use Description: RESIDENCE
Location Information
Parcel Location Influence: Waterfront
Financial
Assessor Information
Assessment Year: 2025
Tax District County: LYNNHAVEN
Public facts
Beds: 5
Baths: 5.5
Sq. Ft.: 5,911
Stories: 1.5
Lot Size: 1.07 acres
Style: Single Family Residential
Year Built: 1971
Year Renovated: —
County: Virginia Beach
APN: 24193163600000
Home facts updated by county records on Jul 23, 2026
Around this home
Schools
Linkhorn Park Elementary School
Public PreK-5 • Assigned • 2.3mi
8/10
Virginia Beach Middle School
Public 6-8 • Assigned • 2.5mi
7/10
Frank W. Cox High School
Public 9-12 • Assigned • 2.8mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.77% chance of being in a wildfire in next 30 years
9/10 Heat Factor
7 days above 102° 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
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Virginia Beach, VA • 23451
Average low and high temperatures (°F)
47
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34
66
44
74
54
77
60
86
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88
75
80
69
78
67
70
55
63
46
52
36
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.3 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.
9.3 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$2.35M – $2.85M
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