Chic's Beach (Chesapeake Beach)

Virginia Beach, VA

Neighborhood Market Analysis

Q3 2025 Report
$534,764 (2025)
Median Home Price
High for Virginia Beach (estimated 65–75); most homes are within walking distance to the bay, restaurants, and local shops.
Walkability Score
Public schools serving Chic's Beach are generally rated above average for Virginia Beach; strong reputation for academics and extracurriculars.
School Rating

Location Overview

Neighborhood Boundaries

Generally bounded by Shore Drive to the south, the Chesapeake Bay to the north, Little Creek Amphibious Base to the west, and Baylake Pines to the east.

Zip Codes

23455

Market Data Summary

Price Range$425,000 – $850,000 (2025)
Price per Sq FtVaries by property type and proximity to water; typically $300–$450/sqft for updated homes near the bay.
Inventory LevelsLow inventory; high demand for both primary residences and vacation/investment properties.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesTownhomesCondosMulti-family properties

Architectural Styles

Beach cottageContemporary coastalTraditional brick ranchModern infill

Property Details

Typical Lot Sizes0.10–0.25 acres; some larger lots closer to the bay.
Home Age Range1940s–2020s; mix of renovated older homes and new construction.
Construction QualityVaries; many homes have been updated or rebuilt, especially those closer to the water. Newer builds offer high-end finishes and hurricane-resistant features.

Community Profile

Demographics & Lifestyle

Demographics

Diverse mix of young professionals, military families, retirees, and second-home owners. Median age skews younger than city average due to lifestyle appeal.

Community Vibe

Relaxed, social, and coastal. Known for its 'no bad days' beach culture, local events, and friendly neighbors.

Typical Residents

  • Young professionals
  • Military families
  • Retirees
  • Vacation homeowners
  • Investors

Family Friendly

Moderately family-friendly; proximity to bay beaches, parks, and good schools. Some nightlife and seasonal tourism activity.

Amenities & Lifestyle

Parks & Recreation

  • Chesapeake Bay beaches
  • Bayville Farms Park
  • Pleasure House Point Natural Area
  • Little Creek Park

Dining Options

  • Casual seafood shacks
  • Upscale bistros
  • Coffee shops
  • Beach bars

Shopping Centers

  • Shore Drive corridor shops
  • Nearby Bayville Shopping Center

Local Businesses

  • Commonwealth Brewing Co.
  • Buoy 44 Seafood Grill
  • Zia Marie Italian Restaurant
  • Green Parrot Grill

Education & Schools

Public schools serving Chic's Beach are generally rated above average for Virginia Beach; strong reputation for academics and extracurriculars.
Overall School Rating

Elementary Schools

  • Hermitage Elementary

Middle Schools

  • Great Neck Middle School

High Schools

  • Frank W. Cox High School

Private Schools

  • Cape Henry Collegiate (nearby)

Transportation & Accessibility

Transit & Roads

Public Transit

  • Hampton Roads Transit bus routes along Shore Drive

Major Roads

  • Shore Drive (Route 60)
  • North Great Neck Road
  • I-264 (access ~10 minutes away)

Commute & Walkability

Commute Times~20–30 minutes to Downtown Virginia Beach; ~25 minutes to Norfolk Naval Base; ~15 minutes to Town Center.
WalkabilityHigh within the neighborhood for daily needs and recreation; car recommended for commuting beyond the area.
ParkingMix of private driveways, street parking, and some public lots near beach access points. Can be tight during peak summer weekends.

Marketing Intelligence

Target Buyer Types

  • Young professionals
  • Military families
  • Investors
  • Retirees seeking low-maintenance coastal living

Key Selling Points

  • Steps to Chesapeake Bay beaches
  • Vibrant local dining and nightlife
  • Strong rental and appreciation potential
  • Active, welcoming community

Pricing Considerations

Homes priced at or just below recent comps move quickly; premium for updated, move-in-ready, or waterfront properties.

Common Objections & Response Strategies

Objection: Flood risk and insurance costs

Response Strategy:

Provide recent flood zone maps, highlight homes with elevated construction or recent mitigation, and connect buyers with local insurance experts.

Objection: Limited parking during summer

Response Strategy:

Emphasize private parking options, off-season tranquility, and proximity to walkable amenities.

Objection: Older home stock

Response Strategy:

Showcase renovated properties, discuss potential for value-add renovations, and highlight newer construction options.

Investment Insights

Investment Potential

Appreciation Potential

Strong; limited land supply, high demand for coastal living, and ongoing renovations support continued appreciation.

Rental Demand

Very high for both short-term (Airbnb/VRBO) and long-term rentals, especially during summer and military transfer seasons.

Buyer Competition

Moderate to high; multiple offers are common for updated or waterfront properties.

Best For

  • Vacation home buyers
  • Military relocators
  • Investors seeking rental income
  • Buyers seeking walkable, social beach lifestyle

Potential Concerns

  • Flood insurance costs
  • Limited inventory
  • Parking during peak season

Professional Recommendations

1

Leverage hyperlocal market data and recent sales to set realistic pricing expectations.

2

Educate buyers on flood zones, insurance, and renovation opportunities.

3

Highlight lifestyle benefits—walkability, beach access, and local businesses—in all marketing materials.

4

Network with local property managers for accurate rental projections.

5

Stage and photograph outdoor spaces to maximize appeal.

6

Prepare for multiple-offer scenarios and coach buyers on competitive bidding strategies.

Competitive Analysis

Comparable Markets

  • Sandbridge
  • Ocean Park
  • Great Neck

Market Positioning

Chic's Beach is positioned as a vibrant, walkable, and social coastal community with strong investment and lifestyle appeal.

Competitive Advantages

  • More affordable than Sandbridge
  • Closer to city amenities than Ocean Park
  • Stronger rental demand than Great Neck

Price Comparison

Generally more affordable than Sandbridge and North End, but higher than inland neighborhoods like Kempsville.

Investment Metrics

4.5%–6% for well-managed short-term rentals; 3.5%–5% for long-term rentals.
Cap Rates
Annual gross yields of 7%–10% for short-term rentals; 5%–7% for long-term rentals.
Rental Yields
18–22, reflecting strong rental demand and moderate price appreciation.
Price-to-Rent
Positive cash flow possible with 20% down on well-located properties, especially for short-term rentals.
Cash Flow
3%–5% annual appreciation expected over the next 3 years barring major economic shifts.
Appreciation

Buyer Journey Insights

First-Time Buyers

Appealing for those seeking lifestyle and investment potential; may need education on flood insurance and renovation costs.

Move-Up Buyers

Attractive for buyers seeking more space, walkability, or proximity to water; limited inventory can be a challenge.

Downsizers

Popular for retirees seeking low-maintenance, walkable living; condos and townhomes are in demand.

Investors

High demand for both short- and long-term rentals; focus on properties with strong rental history or renovation potential.

Relocators

Military and remote workers value proximity to bases, city amenities, and beach lifestyle.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

Related Market Intelligence

Explore connected markets and opportunities