Lake Placid Homes under $500,000

Welcome to Lake Placid, a hidden gem nestled in the heart of Southeast Virginia Beach, VA. This charming subdivision offers a perfect blend of serene living and vibrant community life, making it an ideal choice for families, first-time homebuyers, and anyone looking to embrace the coastal lifestyle without breaking the bank.

Lake Placid boasts a variety of homes under $500,000, providing an excellent opportunity for those seeking affordability in a desirable location. The architecture here ranges from cozy single-family homes to more spacious designs, catering to diverse tastes and lifestyles. Many of these residences feature modern amenities, open floor plans, and inviting outdoor spaces, perfect for entertaining or enjoying a peaceful evening by the water.

One of the standout features of Lake Placid is its proximity to local attractions and outdoor activities. Residents can take advantage of the nearby parks, walking trails, and, of course, the stunning beaches that Virginia Beach is famous for. Whether you’re looking to spend a day soaking up the sun or exploring the vibrant local dining and shopping scene, everything you need is just a stone's throw away.

Community spirit thrives in Lake Placid, where neighbors become friends and local events foster connections. This subdivision not only offers a place to live, but a place to belong. Discover the charm and convenience of Lake Placid, where your dream home awaits at an accessible price point. Make this welcoming community your next address and experience the best of Southeast Virginia Beach living!

Newest Lake Placid Homes under $500,000

1709 Placid Court, Southeast Virginia Beach

$363,000

4 Beds ⋅ 2 Baths ⋅ 10653040 MLS

Property is owned by the US Dept. of HUD. HUD Case #: 541-838582 Insurability Code: IE. Seller makes no representations or warranties as to property condition. HUD Homes are sold "AS-IS." Lead-Based Paint disclosure is required. Equal Housing Opportunity. Seller may contribute for buyer's closing costs, upon buyer request. This single-story property features 1,985 square feet of interior living space on an .18ac lot. The home includes 4 bedrooms and 2 bathrooms. Built in 1978, the property is equipped with central air conditioning and a heat pump. Additional physical characteristics include an attached garage, carpeted flooring, and an interior masonry fireplace.

1709 Placid Court, Southeast Virginia Beach

1805 Saranac Court, Southeast Virginia Beach

$430,000

3 Beds ⋅ 2 Baths ⋅ 10652996 MLS

Welcome to this charming and beautifully updated 3-bedroom, 2-bath ranch nestled on a quiet cul-de-sac! The spacious, open-concept kitchen flows into the living room and features new granite countertops, new backsplash, and new lower cabinets, plus plenty of storage and workspace. Refrigerator and dishwasher replaced in 2025; washer and dryer replaced in 2024. Freshly painted with new outlets, switches, and door handles throughout. A bonus room and separate office/den offer even more flexability, with the den providing the option for a 4th bedroom. Utility room includes spacious shelving and cabinetry for added storage. Numerous updates include LVT flooring (2019), bathrooms (2019), swimming pool (2020), privacy fence (2021), and roof, soffit, and trim wrap (2016). Enjoy the spacious backyard, ideal for entertaining, gardening, relaxing, or creating your own private retreat. Three sheds provide excellent storage, including a powered side-yard shed that makes a great workshop. Conveniently located near shopping, dining, military bases, beaches, and major highways.

1805 Saranac Court, Southeast Virginia Beach

1797 Olympic Drive, Southeast Virginia Beach

$465,000

4 Beds ⋅ 2.1 Baths ⋅ 10652249 MLS

Come check out this beautiful home on large corner lot in Lake Placid before its gone! Family room w/beamed ceiling & wood burning fireplace w/brick hearth. Four bedrooms including a primary suite with walk in closet & three additional bedrooms. Nearly 2100 sq ft. Side entry 2 car garage. Plenty of storage including storage area under the stairs. Eat in kitchen features with pantry. Fenced yard w/concrete patio perfect for entertaining. No HOA!! Enjoy all this neighborhood has to offer including playground, tennis & pickleball courts, basketball courts & nearby lakes. Centrally located with close proximity to shopping, military bases, restaurants & more. Welcome home! Please note: some photos have been digitally staged/painted.

1797 Olympic Drive, Southeast Virginia Beach

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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.