Park Place Homes under $500,000

Welcome to Park Place, a hidden gem nestled in the heart of Virginia! This charming neighborhood is not only known for its picturesque tree-lined streets and friendly atmosphere but also for its affordability, making it an ideal location for families, young professionals, and first-time homebuyers alike.

Park Place boasts a rich sense of community, with local parks and recreational areas that invite residents to enjoy the great outdoors. Families can often be found picnicking in the parks, children playing on the playgrounds, and neighbors gathering for seasonal events that foster a tight-knit community spirit. The area is also conveniently located near schools, shopping centers, and dining options, ensuring that everything you need is just a stone's throw away.

What truly sets Park Place apart is the variety of homes available for under $500,000. Whether you’re looking for a cozy single-family home, a charming townhouse, or a modern condo, you’ll find options that fit your budget and lifestyle. Many of these homes feature spacious yards, inviting interiors, and updated amenities, offering the perfect blend of comfort and style.

With its affordable housing options and welcoming community vibe, Park Place is an ideal place to plant your roots. Don’t miss out on the opportunity to call this delightful neighborhood home—explore the listings today and discover the perfect property that suits your needs!

Newest Park Place Homes under $500,000

$329,000

10657642 MLS

Fantastic investment opportunity! Property was fully renovated in 2022 (Granite counters and SST Appliances), and great cash flow with both units fully 12-month leased. Priced to move and CCA (up to 2%) considered. W/D in each unit and tenant pay all utilities.

639 W 26th Street, West Norfolk

$399,000

5 Beds ⋅ 3.1 Baths ⋅ 10656704 MLS

Beautifully renovated and thoughtfully maintained, this spacious 5-bedroom, 3.5-bath home features two primary suites—one on the first floor and one upstairs—each with an en-suite full bath, plus an additional full hall bath upstairs and a half bath downstairs. A comprehensive renovation completed in 2019–2020 included updated plumbing, electrical and HVAC systems, roof, siding, windows, gutters, water heater, and kitchen appliances. The versatile floor plan offers generous living space, while the expansive unfinished walk-up attic provides abundant storage and potential for future finished space. Custom blinds and updated lighting add a polished touch. Outside, enjoy established native landscaping created in partnership with the Elizabeth River Project, raised garden beds, a backyard concrete pad, two storage buildings, and a concrete driveway with parking for 3+ vehicles. A new gate was added in 2026. Ideally located between Downtown Norfolk and North Colley, with convenient access to restaurants, entertainment, shopping, ODU, military bases, and nearby bike routes. An exceptional opportunity offering extensive updates, flexible living space, and a thoughtfully designed outdoor setting.

245 W 31st Street, West Norfolk

3748 Cainhoy Lane, South Central 2 Virginia Beach

$440,000

3 Beds ⋅ 2.1 Baths ⋅ 10648998 MLS

Spacious 3BR & 2.5BA Home in the desirable Towne Square Community. Great central location! Close to everything: VB Town Center, easy access to military bases, the Oceanfront, I-64 & 264! Bright open floor plan,1st-floor primary bedroom w/jetted tub & walk-in closet, gas fireplace, 2-car attached garage, privacy fence backyard. LVP flooring recently installed on first floor. Community amenities include an inground Olympic-sized pool, clubhouse, ground maintenance, exercise room, playground & walking paths.

3748 Cainhoy Lane, South Central 2 Virginia Beach

$375,000

3 Beds ⋅ 2 Baths ⋅ 10648102 MLS

Great home in a convenient Norfolk location! Located just down the street from the YMCA, this beautifully updated home offers numerous improvements, including all-new windows, new LVP flooring downstairs, new carpet upstairs, updated plumbing and light fixtures, new cabinets and countertops, and more. Buy now and choose your appliances! The fenced backyard provides privacy and outdoor space, while the planned driveway will offer convenient off-street parking. Landscaping will be completed soon. Conveniently located near Old Dominion University, military bases, downtown Norfolk, and with easy access to I-64 and I-264. A great opportunity to own a move-in-ready home in a highly convenient location!

220 W 30th Street, West Norfolk

$260,000

3 Beds ⋅ 2.1 Baths ⋅ 10647407 MLS

Move-in ready home in Norfolk! This 3-bedroom, 2.5-bath home features an open-concept layout with new flooring and fresh paint throughout. Enjoy modern conveniences including a tankless water heater, washer and dryer, and a new roof. Relax on the spacious front porch or entertain in the fully fenced backyard, offering plenty of room for outdoor gatherings, gardening, pets, or simply unwinding. Conveniently located with easy access to The Railyard at Lamberts Point, ODU, downtown Norfolk, and major interstates. This home combines comfort, style, and an unbeatable location. Move right in and start making memories in this beautifully maintained home. Schedule your showing today!

315 W 31st Street, West Norfolk

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Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions.