Like New! No expense was spared in renovating this Lyme Regis condo; improvements include new cabinets, granite countertops, vanities, toilets, all faucets, all lighting/ ceiling fans, dishwasher, LVP flooring, carpet, doors, knobs, vent covers, outlets and wall plates and of course fresh paint throughout. Condo due covers insurance, sewer, trash & pool. 1 assigned parking space & several visitor spots located right out front of unit. The pool is very close, just across the parking lot. Ideal for those looking for a low maintenance living situation with the equity benefits of ownership vs renting. Location provides easy access to I-264, 2 miles to Lynnhaven Mall and 5 miles to the oceanfront.
Est. $1,498 per month, based on comparable rentals
Sale and tax history for 516 Rivers Reach
Sale History
Tax History
Date
Event
Price
REINMLS #10633267
Jun 1, 2026
Sold
$195,000
$201/sq ft
May 9, 2026
Listed
$195,000
$201/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,581 (+7.8%)
$60,000 + $103,000
$163,000
2024
$1,467 (+10.0%)
$60,000 + $103,000
$163,000
2023
$1,334 (+15.3%)
$60,000 + $91,200
$151,200
2022
$1,156 (+24.7%)
$53,000 + $81,700
$134,700
2021
$928 (+7.9%)
$47,000 + $69,800
$116,800
2020
$860 (+7.5%)
$35,000 + $58,700
$93,700
2019
$800 (+6.5%)
$30,000 + $54,500
$84,500
2018
$751
$27,000 + $47,900
$74,900
2017
$751 (−0.3%)
$27,000 + $47,900
$74,900
2016
$753
$27,000 + $47,900
$74,900
2015
$753 (+29.6%)
$27,000 + $49,100
$76,100
2014
$581 (−11.4%)
$21,500 + $41,000
$62,500
2013
$656 (−37.0%)
$21,500 + $41,000
$62,500
2012
$1,040
$23,900 + $46,600
$70,500
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
969
Year built
1985
Style
Condo/Co-op
County
Virginia Beach
APN
14962944680990
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 23, 2026.
A18
Apartment District
The purpose of the A-18 Apartment Districts is to provide areas for various multiple-family housing types at a variety of densities, in areas where public facilities are adequate to support these densities, and to provide for certain other necessary and related uses within multi-family communities but limited as to maintain compatibility with residential uses.