John King · Realtor · Berkshire Hathaway HomeServices RW Towne Realty · Virginia Beach, VA · 23454 · Great Neck · (757) 270-3994
Great Neck,Virginia Beach
The complete neighborhood guide & market update for Virginia Beach's most coveted peninsula — where Broad Bay, the Lynnhaven River, and the region's best schools meet on a single strip of land.
Avg. $/Sq Ft
~$285
Active Listings
~30
Median Sale Price
~$825K
To Little Creek
15–20 min
Great Neck Virginia BeachGreat Neck Homes For SaleWaterfront Virginia Beach Real EstateCox High School DistrictWaterfront Virginia Beach Real Estate
Great Neck is an established peninsula on the Lynnhaven River in Virginia Beach (23454): Cox and Kellam school zones, estate lots and waterfront, minutes to NAS Oceana and the North End. The single-family core trades around $825K; Redfin's corridor-wide polygon (condos through waterfront) shows a $508K median, up 14.2%, and 21 days to contract for the three months ending August 2026. Written and kept current by John King — U.S. Navy veteran and REALTOR® with Berkshire Hathaway HomeServices RW Towne Realty, Virginia license 0225211050 — 441 closings across Hampton Roads since 2014, 44.2% of the 428 MLS transactions VA-financed, 5.0 stars on 117 Google reviews. Call or text (757) 270-3994.
Last reviewed October 11, 2026 · Market figures: Redfin, three months ending August 31, 2026 · Closing record: REIN MLS, June 2014 – August 2026
★ 5.0·117 Google Reviews·441 Closings·13 Years Experience·U.S. Navy Veteran
Great Neck Neighborhood Insider
If you're looking at Great Neck, you need to see what's actually moving before someone else gets there first.
Get notified when new Great Neck listings hit, see what homes are selling for, and stay connected to everything happening on the peninsula — straight to your inbox.
🔒 No spam. No pressure. Just Great Neck market updates from a neighbor who knows the area.
Welcome to Great Neck
Get a feel for what this page has to offer
This quick intro walks you through what you'll find here — market stats, schools, waterfront lifestyle, boating access, and everything you need to evaluate Great Neck as your next home in Virginia Beach.
Read the transcript — “How to Get Into Great Neck Before Prices Jump Again”
Hey, what's up, Great Neck? Welcome to the Great Neck community page. If you live in Great Neck, own a home here, or are planning to move into the area, this page is built for you. I'm John King, real estate agent and Navy veteran with Berkshire Hathaway HomeServices RW Towne Realty, and I cover the Hampton Roads market. Every first Monday of the month, I update this page with what's happening in the Great Neck real estate market: what homes are selling for, how many of them are on the market, how fast they're moving, and what that means for your equity if you own here. No BS, just the numbers that actually matter to our neighborhood. You don't have to be thinking about selling to find this useful. Knowing what your home is worth is just smart home ownership. I've also included a full neighborhood guide that covers everything else aside from real estate as well. Check back the first Monday of every single month and I'll keep you current. I hope you find this information helpful and I'll see you around town.
Neighborhood Guide
Virginia Beach's most coveted peninsula — and the neighborhood people never leave
If you've spent any time in Virginia Beach real estate, you've heard some version of this story: buyer comes in looking at Kempsville or Hilltop, agent drives them through Great Neck once, and suddenly the entire search changes. It's one of the most common things I see. The peninsula has that effect on people.
Great Neck occupies a privileged geography that no amount of development can replicate — a wooded, waterfront peninsula jutting into Broad Bay and the Lynnhaven River, just south of Shore Drive and minutes from the Chesapeake Bay. Homes here sit on mature, established lots with the kind of landscape that takes decades to grow. Neighbors who moved here 30 years ago are still here. This is one of those neighborhoods defined by legacy owners — people who arrived, discovered the combination of water access, top-tier schools, and seclusion-in-the-city, and simply never had a reason to leave.
What sets Great Neck apart is the combination it delivers simultaneously: boat docks in the backyard, some of Virginia Beach's best public high schools within minutes, a grocery corridor that includes Whole Foods, Trader Joe's, and Fresh Market all within two miles, and First Landing State Park essentially right out the back door. It's the kind of neighborhood where the more you look, the more you find — and the harder it becomes to justify living anywhere else.
Neighborhood History
Chesepioc, colonial planters, and one of Hampton Roads' oldest named waterways
Great Neck sits on one of the oldest inhabited peninsulas in Hampton Roads. Its history runs from the Chesapeake tribe's principal village to Virginia's first colonial controversies to a 20th-century suburban corridor that became the dominant address in northern Virginia Beach.
Pre-1607
Chesapeake Tribe
Chesepioc — the principal village at Great Neck
Before European contact, the peninsula now called Great Neck was home to Chesepioc, one of three principal towns of the Chesapeake tribe — an Algonquian-speaking people distinct from but related to the Powhatan confederacy. Chesepioc was fortified by wooden palisades and positioned on the East Branch of the Lynnhaven River, where the tribe relied on the estuarine waters for sustenance through fishing, oystering, and crabbing. Archaeological evidence from the Great Neck site reveals post molds indicating longhouses, pottery sherds, stone tools, and shell middens. The tribe was systematically destroyed by Powhatan's forces around 1607 — the same year English colonists landed at Cape Henry, just miles away.
1635
Colonial Grants
Adam Thoroughgood patents 5,350 acres — and names a river
In 1635, Adam Thoroughgood — a former indentured servant who had risen to become a leader in the Virginia Colony — received a land patent for over 5,000 acres along the Lynnhaven River. Thoroughgood had emigrated from King's Lynn in Norfolk, England, and named the river after his hometown. That name — Lynnhaven — still appears on every map of the area today, and the adjacent Henry Woodhouse grant further north put the entire Great Neck peninsula under English colonial ownership by the late 1630s. The Thoroughgood House, built ca. 1719 by Thoroughgood's great-grandson, still stands as a museum at 1636 Parish Road — one of the oldest surviving colonial homes in Virginia.
1706
The Witch Trial
Grace Sherwood and Witch Duck Bay
In 1706, the Lynnhaven's tidal waters entered Virginia legal history when Grace Sherwood — a local woman accused of witchcraft — was subjected to trial by water in what is now Witch Duck Bay, just southwest of Great Neck. She was bound and submerged; when she floated rather than sank, she was deemed guilty by ordeal. Sherwood survived, was later released, and was posthumously pardoned by the Governor of Virginia in 2006. Witchduck Road still marks the site today, a reminder that the land around Great Neck carries a colonial story far older than the subdivisions that cover it.
1800s–Early 1900s
Oysters & Farms
Lynnhaven oysters put the peninsula on the national map
Through the 19th century, the land around Great Neck transitioned from tobacco and grain farming to the Lynnhaven oyster trade — a business that made Hampton Roads famous up and down the East Coast. The brackish, nutrient-rich waters of the Lynnhaven River produced oysters prized by restaurants in New York, Philadelphia, and Baltimore. The peninsula itself remained largely agricultural through the early 1900s, with residential development beginning only after electric trolley service connected Virginia Beach's resort area to Norfolk, making the inland corridors accessible to commuting households for the first time.
1963–Present
Suburban Corridor
The 1963 merger turns farmland into Virginia Beach's premier peninsula
When Princess Anne County merged with Virginia Beach in 1963 to form the modern independent city, the Great Neck corridor was transformed almost overnight from rural county land into one of Virginia Beach's most desirable residential areas. North Great Neck Road became the primary commercial spine. The Hilltop shopping area, First Colonial High School, and the concentration of established neighborhoods from Alanton to Little Neck created a reputation for the corridor that has only grown. Today, Great Neck spans one of the widest price ranges of any neighborhood cluster in the city — from condos in the $240s to waterfront estates above $2M — making it one of the most genuinely diverse real estate markets in Virginia Beach.
Location
Where is Great Neck and how do you get around?
Great Neck Road is the spine of the peninsula, running north from I-264 directly up to Shore Drive and the Chesapeake Bay. The drive from Hilltop at the base to Shore Drive at the top is about 10 minutes — and along the way you pass grocery stores, restaurants, the recreation center, Cox and First Colonial High Schools, Sentara Virginia Beach General Hospital, and the kind of established neighborhood fabric that makes it one of the most self-contained communities in the city.
The peninsula is bounded by Broad Bay to the east and the Eastern Branch of the Lynnhaven River to the west, with Linkhorn Bay at the southern point. Nearly every sub-neighborhood within Great Neck has at least some waterfront property within walking distance. Deep-water lots connect through canal systems to the Chesapeake Bay via the Lynnhaven Inlet under the Lesner Bridge.
Military positioning: Great Neck is one of the best locations in Virginia Beach for multi-base flexibility. JEB Little Creek-Fort Story is approximately 15-20 minutes east via Shore Drive — no tunnel. NAS Oceana is about 15 minutes south. Naval Station Norfolk is 20-25 minutes west via I-264. This central positioning is why the neighborhood draws O-3 through O-6 families consistently — the commute works regardless of which installation you end up at.
Explore the Area
Great Neck on the map — neighborhood & nearby
See exactly where Great Neck sits — the peninsula, Broad Bay waterfront, Cox High School district, and the Great Neck Road dining corridor.
Great Neck is a residential peninsula bordered by Broad Bay, Linkhorn Bay, and the Lynnhaven River — one of Virginia Beach's most established waterfront corridors.
Real Estate
Great Neck real estate: what to expect
Great Neck is a fully developed peninsula — there are no open fields for a developer to come in and build hundreds of new homes. That structural constraint, combined with the school zone and water access, keeps demand consistently higher than supply. Homes average about 28 days on market and the corridor regularly sees multiple offers in the core price ranges. Browse current Great Neck listings here.
Median Sale Price
~$825K
Avg. Sale Price
~$550K
Avg. Days on Market
~28 days
Active Listings
~30
Price ranges by property type
Property Type
Typical Range
Notes
Condos & townhomes
$185K – $400K
Great Neck Landing, Grove, Villas; entry point into the corridor
Mid-range single-family
$400K – $650K
Brick ranches, colonials, established lots; most active segment
Updated / larger homes
$650K – $1.1M
Renovated ranches, larger lots, water views, boat-accessible canals
Waterfront estates
$1M – $3M+
Deep-water dock access to Broad Bay, Lynnhaven, Linkhorn Bay
Rental range
$1,800 – $4,500+/mo
Strong demand from Little Creek/Oceana personnel and hospital staff
Great Neck is one of the best corridors in Virginia Beach for military buyers at every tier. The condo entry point around $185K-$314K is accessible on E-7 and lower O-grade BAH. The mid-range segment at $400K-$650K is the sweet spot for O-3 through O-5 families. Call me and I'll show you exactly which segment fits your situation.
From the Agent
What most buyers get wrong about Great Neck
I've helped dozens of buyers navigate Great Neck across 13+ years. Here's what I see people misread about this market repeatedly.
1
They treat "Great Neck" as one market — it isn't.
Great Neck spans several distinct submarkets with meaningfully different price ranges, lot sizes, HOA structures, and waterfront access. Alanton, Great Neck Meadows, Southern Point, Wolfsnare, Baycliff, and the waterfront corridor all behave differently — and the price gaps between them can be significant even for similar square footage. A $550K home in Wolfsnare is a fundamentally different asset from a $550K home in the waterfront corridor or a townhome in Great Neck Meadows two streets over. Understanding which submarket fits your priorities — waterfront access, school zone, lot size, or commute — changes the entire search strategy.
2
They underestimate the school district advantage.
Great Neck Middle School is consistently rated among the top 3 middle schools in Hampton Roads. Great Neck is one of the few corridors in Virginia Beach where buyers with school-age children can get strong school performance alongside reasonable pricing and Chesapeake Bay access — a combination that doesn't exist in many other submarkets. For families, this is a value driver that rarely shows up in the listing description.
3
They wait for the "right" waterfront listing and lose the non-waterfront opportunity.
The gap between interior and waterfront pricing in Great Neck is significant — but interior lots often appreciate at a stronger rate because the entry point is lower and demand is broader. Many buyers fixate on direct water access, miss an exceptional interior property, and then spend 18 months waiting for a waterfront home they can't quite afford. The best long-term Great Neck play isn't always the most obvious one.
Have questions about Great Neck specifically?
I know this neighborhood block by block. Call or text me directly — no scripts, no runaround.
Great Neck feeds into what many consider the best public high school pipeline in Virginia Beach — Cox High School and First Colonial High School are consistently ranked among the top in the state, and the middle and elementary schools are A-rated across the board.
🏫
John B. Dey Elementary School
Virginia Beach City Public Schools · PK–Grade 5 · serves core Great Neck area · strong test scores and community-connected programming
PK–5
🏫
Thoroughgood Elementary School
Virginia Beach City Public Schools · PK–Grade 5 · serves the northern Great Neck corridor
PK–5
📚
Great Neck Middle School
Virginia Beach City Public Schools · Grades 6–8 · 17:1 student-teacher ratio · strong athletics and academics
6–8
🎓
Frank W. Cox High School
Virginia Beach City Public Schools · Grades 9–12 · 56 state athletic titles · most Wachovia Cups in Virginia · 16:1 student-teacher ratio
9–12
🎓
First Colonial High School
Virginia Beach City Public Schools · Grades 9–12 · serves portions of southern Great Neck · strong AP and IB programming · Legal Studies Academy
9–12
🏛️
Cape Henry Collegiate School
Private · PK–Grade 12 · located within the Great Neck corridor · International Baccalaureate · exceptional college placement
PK–12 Private
Lifestyle
Living in Great Neck: water, parks, and community
Great Neck is the kind of neighborhood where the lifestyle sells itself. Boating access, 70+ acres of community parkland, an 83,000-square-foot recreation center, First Landing State Park at the top of the road, and some of the most active neighborhood civic leagues in Virginia Beach — it adds up to a way of living that's genuinely hard to replicate.
⛵
Waterfront & Boating Access
Deep-water lots on Broad Bay, the Lynnhaven River, and Linkhorn Bay connect to the Chesapeake Bay via the Lynnhaven Inlet. Marina Shores and Long Shore Marina offer slip rentals for residents without private docks.
🌲
First Landing State Park
2,888 acres right off Shore Drive at the top of the peninsula — 20 miles of trails, Chesapeake Bay beach, kayaking, fishing, and camping. The site where English settlers first landed in 1607.
🏋️
Great Neck Recreation Center
83,000-square-foot facility behind Cox High School — indoor pool, cardio and weight rooms, basketball, volleyball, racquetball courts, and a walking trail near Lynnhaven Bay.
🌳
Great Neck Park
70+ acres of community parkland with basketball, sand volleyball, picnic areas, a large playground, open fields, and walking paths — one of the most beloved parks in northern Virginia Beach.
🛒
The Grocery Corridor
Six grocery stores within two miles — Whole Foods, Trader Joe's, Fresh Market, Kroger, Farm Fresh, and more. No other Virginia Beach neighborhood offers this density of quality grocery access.
🏥
Sentara Virginia Beach General
A major regional medical center within the corridor — emergency services, specialty care, and a large healthcare employment base for families and healthcare professionals.
Sub-neighborhoods & community life
Great Neck is a collection of distinct sub-neighborhoods — Alanton, Baycliff, Brighton on the Bay, Laurel Cove, The Reserve, Broad Bay Point Greens, Chelsea, Great Neck Estates, Great Neck Landing, and more. Many maintain active civic leagues with Easter parades, 4th of July celebrations, Christmas light displays, and neighborhood-level social fabric that's increasingly hard to find anywhere else in Hampton Roads.
Dining & Local Food
Best Restaurants Near Great Neck, Virginia Beach
Great Neck has no commercial strip of its own — the peninsula keeps its residential character intact. Within five minutes you're into the Hilltop corridor, one of the most densely-packed dining destinations in all of Virginia Beach. Whether you're searching for restaurants near Great Neck VA or best places to eat near Great Neck Virginia Beach, the options below are where Great Neck residents actually eat.
Estimates only · Tax at 1.1% VA rate · Insurance at 0.5%
Great Neck corridor — 12-Month Median Price Trend (Redfin polygon)
September 2025 – August 2026 · Source: Redfin, rolling 3-month median sale price · Updated monthly
Current Median
$508K
↑ 14.2% YoY
Redfin rolling 3-month median for the Great Neck polygon (corridor-wide, condos through waterfront), September 2025 – August 2026. Ask John for a street-level REIN MLS series.
Opens in John King's IDX portal · Lead capture enabled · REIN MLS data
Sale Details
$200K$825K$5M
$0$0$2.5M
1%5%6%
$0$0$50K
Estimated Net Proceeds
Sale Price$—
Agent Commission-$—
Mortgage Payoff-$—
VA Transfer Tax (0.1%)-$—
Title & Settlement (~$1,200)-$1,200
Repairs / Concessions-$—
Estimated Net Proceeds$—
Estimates only. Actual proceeds vary. Get an exact net sheet from John King — free home valuation →
Financial Indicators
Live · Source: Federal Reserve (FRED) · Updates daily
📊
10-Year Treasury
Key mortgage rate driver
4.40%
May 29, 2026
🏠
30-Year Fixed
Freddie Mac PMMS weekly
7.40%
Oct 8, 2026
🏦
Federal Funds Rate
Fed benchmark rate
4.5%
September 2026
📈
Case-Shiller HPI
National home price index
332.1
Feb 2026
Why This Matters
How financial markets affect your real estate decision
10-Year Treasury
The single most important rate in real estate. Mortgage rates track the 10-yr directly — when it rises, 30-yr fixed rates follow within days. Watching it tells you where mortgage rates are heading before they move.
Federal Funds Rate
The Fed's benchmark rate. Directly affects home equity lines (HELOCs) and ARMs. When the Fed cuts rates, borrowing gets cheaper — a signal that can unlock buyer demand.
Case-Shiller HPI
The national benchmark for home price appreciation. A rising HPI means home equity is growing — important for both sellers calculating proceeds and buyers building wealth.
Real Estate News
Real Estate News · HousingWire · Updated continuously
Updated September 2026 · Source: Redfin / REIN MLS · Updated monthly
Median Sale Price
~$825K
Redfin corridor median $508K · 163 sales
Avg. $/Sq Ft
$269
↑ 18.0% year-over-year (Redfin)
Median Days on Market
21 days
↓ from 23 days last year
Active Listings
89
163 sold · 3 months ending Aug 2026
Recent Sales
Want to see exactly what’s sold in Great Neck lately — real closed prices, not estimates? Run my free instant CMA and I’ll pull the most recent comparable sales for your street:
Great Neck inventory updates daily. For the current list of active homes — live pricing, photos, and status straight from the MLS — search my real-time feed:
Great Neck enters the fall 2026 market with real momentum. Redfin's Great Neck polygon — which takes in the whole corridor from the condos along First Colonial to the waterfront estates on the Lynnhaven — shows a $508K median sale price for the three months ending August 2026, up 14.2% year-over-year, $269 per square foot (up 18%), a median 21 days to contract versus 23 a year ago, 163 sales in the period versus 147, and 89 active listings; the established single-family core of the peninsula still trades around $825K. Redfin's figures for the three months ending August 2026 put the Virginia Beach median sale price at $431K, up 7.7% year-over-year, with homes going under contract in a median 25 days and 1,870 sales in the period versus 1,791 a year earlier, confirming active buyer demand through the summer PCS cycle. The Great Neck market spans a wide price range — from condos in the $240s to waterfront estates above $1M — giving buyers at every budget a genuine entry point into one of Virginia Beach's most established peninsulas.
If You're Buying
Great Neck is a permanently supply-constrained market — the peninsula is fully developed and there are no large lots left for new construction. Combined with the school zone reputation that consistently draws buyers from across the city, well-priced homes at every tier move quickly. Pre-approval before you start searching is essential. If you're on a military timeline, call me before your orders are finalized — I've helped dozens of families get into Great Neck ahead of PCS season.
If You're Selling
Great Neck sellers are in a genuinely strong position. The buyer pool is wide and deep — legacy families moving up or down, military officers on PCS orders, healthcare professionals at Sentara, and buyers from across Virginia Beach who've been targeting this corridor for years. Waterfront and water-view properties command significant premiums. Well-presented homes in the core $400K-$700K range are moving in about three weeks — the corridor median was 21 days this summer. Call me for a no-obligation market analysis.
"Before working with John, we had our home listed with another agent, and it sat on the market for four months with very little traffic. […] We relaunched with John, and within just three days on the market, we saw significant traffic and received multiple offers above list price."
"He is the consummate professional, shows up strong at all times. He speaks truth and does not try to sell. He puts you in the best position to achieve your goals, providing sound guidance at every turn."
Selling in Great Neck: more than half your likely buyers will be using a VA loan
Great Neck sits in 23454, and that ZIP is among the most VA-concentrated parts of Virginia Beach in my record — 57 percent of the buyers I closed there financed with a VA loan, against 37 percent across the city. If you are selling here, the majority of your buyer pool is on a loan with condition standards, and that should shape what you do before you list.
57%
Share of my 23 closings in 23454 financed with a VA loan, against 37% across Virginia Beach
9 days
Median time to contract in 23454 (n=23)
35%
Share of VA buyers in my record who went above asking, against 27% of conventional buyers
Fix what an appraiser flags before you list
With more than half your buyer pool on VA financing, appraisal condition items stop being a footnote. Peeling paint, an aging roof, exposed wiring, moisture, broken windows and unsafe steps are the recurring culprits. Addressing them up front is far cheaper than discovering them under contract, where the repair happens on the buyer's timetable instead of yours.
VA offers are not the weak ones
The folklore says avoid VA offers. My record says otherwise: VA deals ran a median of 30 days against 23 for conventional — about a week — while VA buyers went above asking 35 percent of the time versus 27 percent for conventional. That week has generally been worth real money.
Speed here is genuine
Nine days is the median time to contract across my closings in this ZIP, the fastest in my Virginia Beach book. That has a practical consequence: have your next move planned before you list, because in this part of the city the offer often arrives before the seller is ready for it.
Figures come from John King’s own REIN MLS closing record — 428 MLS-recorded transactions (441 client sides), 2014–2026 — not a regional average. ZIP-level figures cover every closing recorded in that ZIP code, which is a wider area than this one neighborhood; sample sizes are shown so you can weigh them. Past results do not predict what any individual home will do.
Great Neck is primarily in zip code 23454 in Virginia Beach, Virginia. Some portions near the base of the peninsula may be in 23455 or 23451. Verify the exact zip code with your agent when targeting a specific sub-neighborhood.
How much do homes cost in Great Neck?
Great Neck homes range from approximately $185,000 for condos in Great Neck Landing and Great Neck Villas to $3M+ for waterfront estates on Broad Bay with private docks. The median sale price is approximately $825,000 with an average around $550,000. The wide range reflects the spectrum from entry-level condos to luxury waterfront properties.
What schools serve Great Neck?
Great Neck feeds into Virginia Beach City Public Schools with John B. Dey or Thoroughgood Elementary (PK-5), Great Neck Middle School (6-8), and Frank W. Cox High School or First Colonial High School (9-12) depending on exact address. Cox and First Colonial are consistently ranked among the best public high schools in Virginia Beach. Cape Henry Collegiate School (PK-12) is located within the Great Neck corridor.
Is Great Neck good for military families?
It's one of the best. JEB Little Creek-Fort Story is approximately 15-20 minutes east via Shore Drive — no tunnel, straight shot. NAS Oceana is about 15 minutes south. Naval Station Norfolk is 20-25 minutes west via I-264. O-3 through O-5 families consistently target Great Neck because the school pipeline, water access, and commute combination is hard to match. As a Navy veteran, I know what the commute calculus looks like — call me and I'll walk you through exactly what your BAH buys here in 2026.
What is First Landing State Park?
First Landing State Park is Virginia's most visited state park — 2,888 acres of cypress swamp, live oak forest, and Chesapeake Bay beach right off Shore Drive at the top of Great Neck Road. The site where English settlers first landed in 1607 before reaching Jamestown. 20 miles of hiking and biking trails, 1.5 miles of Bay beach, kayaking, fishing, cabins, and camping.
What is boating like from Great Neck?
Exceptional. The Lynnhaven River connects to the Chesapeake Bay via the Lynnhaven Inlet under the Lesner Bridge — giving residents direct access to Bay fishing, the Bridge-Tunnel grounds, and Atlantic Ocean approaches. Broad Bay and Linkhorn Bay offer calmer water for kayaking and sailing. Marina Shores Marina and Long Shore Marina provide slip rentals for residents without private docks.
How far is Great Neck from the Virginia Beach Oceanfront?
The Virginia Beach Oceanfront is approximately 6 miles from the heart of Great Neck — about a 15-minute drive. The Chesapeake Bay beaches along Shore Drive are 5-10 minutes north. Great Neck residents have quick access to both bay and ocean swimming, a meaningful quality-of-life differentiator compared to neighborhoods further inland.
Is Great Neck a good place to buy in Virginia Beach?
Yes — Great Neck is one of the most consistently strong real estate markets in Virginia Beach. The combination of Chesapeake Bay access, top-rated schools (Great Neck Middle is consistently top 3 in Hampton Roads), proximity to the Hilltop dining corridor, and the diversity of home types at multiple price points makes it a reliable long-term hold.
What is the difference between Great Neck and Alanton in Virginia Beach?
Alanton sits south of Great Neck on a more contained peninsula with larger lots (1 acre+) and higher price points ($900K–$5M+). Great Neck offers a broader range of home types and price points ($400K–$1.5M+), more inventory, and stronger school infrastructure. Great Neck is accessible to more buyers; Alanton is a more exclusive, finite market.
Who typically buys in Great Neck, Virginia Beach?
Great Neck attracts families prioritizing school quality and bay access, professionals relocating for senior roles, move-up buyers from other Virginia Beach submarkets, and retirees who want waterfront access without the Alanton price premium. Military buyers at mid-to-senior ranks (O-4 through O-6) are also a consistent segment.
Is Great Neck in a flood zone?
Parts of Great Neck along the Lynnhaven River, Linkhorn Bay, and Broad Bay are in FEMA AE and VE flood zones. Interior lots in neighborhoods like Princess Anne Hills and Linkhorn Park are generally in X zones with lower risk. Flood insurance costs $500 to $8,000+ per year depending on zone and elevation. Always check the specific flood zone before making an offer.
How far is Great Neck from NAS Oceana?
Great Neck is approximately 15 to 20 minutes from NAS Oceana via Lynnhaven Parkway or First Colonial Road — no tunnel required. This makes it one of the most popular neighborhoods for Navy pilots and aviation personnel who want top schools and waterfront access with a short commute.
What are property taxes on a Great Neck home?
Virginia Beach property tax is approximately $1.045 per $100 of assessed value. On a $500,000 Great Neck home, that is roughly $5,225 per year. On a $1.2M waterfront property, roughly $12,540. Taxes are escrowed into your monthly mortgage payment and reassessed periodically by the city.
Does Great Neck have waterfront homes?
Yes — Great Neck is defined by water. The corridor includes Linkhorn Bay, Broad Bay, and Lynnhaven River waterfront properties. Homes range from canal-front ($400K to $700K) to full bayfront estates ($1M to $5M+). The Great Neck boat ramp and private docks provide Chesapeake Bay access. Water type and depth directly affect value.
Can I use a VA loan to buy in Great Neck?
Yes. VA loans work throughout Great Neck at all price points. With full entitlement, there is no VA loan limit, so even higher-priced Great Neck homes are accessible. John King has closed VA loan transactions throughout the Great Neck corridor including waterfront properties.
How does Great Neck compare to Great Bridge in Chesapeake?
Both are premier family neighborhoods with top schools. Great Neck offers waterfront access, First Colonial school zone, and proximity to the bay — at higher prices ($400K to $5M+). Great Bridge offers Grassfield school zone, larger lots, and more land per dollar ($350K to $700K). Great Neck is water-focused. Great Bridge is land-focused. Both are excellent — it depends on lifestyle priority.
What is my Great Neck home worth?
Great Neck spans a wide range, from established interior streets to water-access properties, so an accurate figure depends on which part of the neighborhood you are in. John King has closed 23 transactions in 23454 with a median of 9 days to contract. A valuation built from actual closed comparables rather than an automated estimate is free and usually turned around within a day.
How fast do homes sell in Great Neck?
Fast. Across John King's 23 closings in 23454 the median time to contract was 9 days — the quickest of any Virginia Beach ZIP in his record, against a city median of 23 days across 139 closings. Sellers here should have their next move settled before listing.
Will a VA buyer slow down my sale in Great Neck?
Modestly, and it is usually worth it. In John King's 441 closings, VA-financed deals ran a median of 30 days on market against 23 for conventional — roughly one week. In exchange, VA buyers closed above asking 35 percent of the time compared with 27 percent for conventional buyers. In 23454 specifically, 57 percent of his closings were VA-financed against 37 percent citywide, so declining VA offers here means declining most of the market.
What repairs should I make before listing in Great Neck?
Prioritize anything a VA or FHA appraiser can flag: roof condition, peeling paint on pre-1978 homes, moisture and drainage, exposed wiring, handrails and any broken glass. With 57 percent of buyers in this ZIP using VA financing in John King's record, these items are the most common cause of a delayed closing — and they are far cheaper to handle before the home is under contract.
Should I sell or rent out my Great Neck home after PCS orders?
Run the transaction-cost math first. Selling costs roughly 7 to 9 percent of the price after commissions, closing costs and Virginia's grantor tax, and repeat sales in John King's record appreciated at a median of 6.25 percent a year — so a two-year hold is close to break-even. Great Neck's proximity to Oceana and the bases does make it a strong rental market, which is the real argument for keeping it.
Explore More
Other Virginia Beach neighborhoods worth knowing
Great Neck buyers often explore the surrounding corridor — these are the neighborhoods most commonly considered alongside it.
U.S. Navy Veteran · Berkshire Hathaway HomeServices RW Towne Realty · 13+ years · 441 closings · Hampton Roads
Ready to make your move in Great Neck?
John King is a U.S. Navy veteran and REALTOR® with Berkshire Hathaway HomeServices RW Towne Realty — 13+ years experience, 441 closings, and deep roots in the Virginia Beach market. Whether you're buying, selling, PCSing to the area, or want to know what your Great Neck home is worth today, reach out directly.
A Great Neck purchase, start to finish. Each one links to its source — the full write-up, the client's own review on Zillow or Google, or John on camera.
Move-up: sell and buy nine days apart
Deerwood Trace → Wolfsnare Plantation, Virginia Beach · 2026
The situation
A family needed to sell a 3-bed brick townhouse and buy a larger home in Great Neck without a gap between the two.
What John did
Listed January 29, under contract in four days at full asking ($289,900) to a VA buyer, with a 7–10 day rent-back negotiated so the family could close on the purchase first.
Result
Bought a 4-bed on N. Wolfsnare Drive for $530,000; closings on February 23 and March 4, nine days apart, with the rent-back bridging the move.
Hey, what's going on? John King, Berkshire Hathaway HomeServices RW Towne Realty. Today we are going to take a look at one of the most affordable detached properties in all of Great Neck. It's listed at $485,000, and that's about as low as it gets. This home is a four-bedroom, two-bath, 1,800 square foot house in Wellington Woods. Let's take a look. [Tour of the house and yard follows: the koi pond with nets against birds of prey, and a little wood rot that most loan types will require to be fixed, a pretty easy repair.] Well, there you have it. Let me know what you think. If you're interested in this home, again, John King, Berkshire Hathaway HomeServices RW Towne Realty. I've got more video tours and more real estate content for you here on this channel.
Uncover the Charm of Wolfsnare Plantation, Virginia Beach
There's a neighborhood inside the Great Neck corridor of Virginia Beach where one of the homes on the street has been standing since 1715, and that's Wolfsnare. Named after the pits colonial settlers dug along Wolfsnare Creek to trap red wolves, the plantation house built by John Pallett around 1715 still stands today on West Plantation Road — one of the oldest colonial structures in all of Virginia Beach. The modern neighborhood grew up around it starting in the 1960s with brick ranches, traditional colonials, Cape Cods and Dutch colonials, mature trees, and no homeowners association. It's one of the most accessible entry points into the Great Neck school zone: prices range from the upper $400s up to a million dollars-plus for most of the active market, and you still get John B. Dey Elementary, Great Neck Middle and Cox High School, all top-rated. It's the kind of neighborhood you discover late in your search and immediately wish you had found first. I've written the full neighborhood guide at 757king.com. Call or text me anytime if it's time to talk real estate: 757-270-3994. Happy to help you find or sell your Great Neck home. Thanks for watching, I'll see you around.
