The Shore Drive Blog : Virginia Beach Real Estate - Neighborhood Spotlight - Cape Story By The Sea

Virginia Beach Real Estate - Neighborhood Spotlight - Cape Story By The Sea

Cape Story by the Sea is a neighborhood located in the northeast part of the City of Virginia Beach.  It is bordered to the east by Cape Henry Shores and First Landing State Park, to the north by the Chesapeake Bay, to the south by Long Creek and then Bay Island, and to the west by Great Neck Road.  It consists primarily of single family homes, with some duplexes, duplex condos, and at least one small (bay-front) apartment building.  There are still a few vacant lots as well. 

Cape Story began to take shape when lots were platted in the early 1950s and marketed by Ewing Nusbaum Hutcheson Realtors.  Buildable interior lots could be bought for around $200, yes $200.  The bay-front lots were much more expensive at a whopping $700.  This was 1951, and demand was not high.  That would soon change, however.  Even just a year later, similar interior lots were up to $335 and bay-front lots were over $1000.

Beach Photo Bike Path / Park Photo of Long Creek

 Cape Story Beach to Cape Henry - Neighborhood Park/Trail to State Park - Long Creek to the East

In the 50s and 60s, small beach cottages were built typically with 2 bedrooms and 1 bath.  A railroad track bisected the neighborhood where the bike path is today.  The beach was fished by commercial fishermen who still harvest from the old pound nets.

The neighborhood has a variety of home styles.  Recently there has been a bit of building/redevelopment activity.  Many of the old small homes are being replaced by larger, more modern structures.  This process is referred to as "infill development".  There have been interior lots that have sold for over $380,000, that have had structures needing to be torn down.  This redevelopment over time creates an eclectic variety of homes.  If you are someone who likes subdivisions where all of the homes are somewhat similar to one another, Cape Story By The Sea may not be your cup of tea.

Cape Story does have a very active civic association.   Each year they organize the Spring Fling, 4th of July parade through the streets and fireworks display over the bay,  Fall Oyster Roast, and a Santa visits the neighborhood's park in December.

Public schools that Cape Story feeds into are John B. Dey Elementary, Great Neck Middle, and Cox High Schools. 

Hopefully you found this post informative.  Feel free to post additions, corrections, or questions about Cape Story By The Sea.

9 commentsMark A. Moore • March 12 2008 09:44AM

Comments

 

                        Surfing Lessons in Cape Story By The Sea

Surfing Practice

Posted by Mark A. Moore, ABR - Virginia Beach Real Estate (RE/MAX Alliance - REMAX) almost 6 years ago

Don't forget about the Cape Story By The Sea 4th of July events.  The parade / brunch starts on Beech Street at 10 a.m.  The fireworks display starts around 9:20 p.m. off the beach.  Come early for a good spot.

If you would like to volunteer for either events please contact Todd@sdcc.info.

 

Posted by Mark A. Moore, ABR - Virginia Beach Real Estate (RE/MAX Alliance - REMAX) almost 6 years ago

Here is the end of another great day on the Bay, Saturday 12 July, 2008

Bay Sunset

Posted by Mark A. Moore, ABR - Virginia Beach Real Estate (RE/MAX Alliance - REMAX) over 5 years ago

Nice story about a nice area.  I have some friends that live in the area.  They just love it.

Posted by Gene Allen, Realtor Hampton Roads Real Estate (Resh Realty Group) over 5 years ago

Mark,

I grew up in Va Beach and miss it sometimes.  Are there any investment opportunities on the top of your head where the numbers work or would everything be too high ?  Would love to own an investment property down there.

Chris Somers  www.thesomersteam.com

Posted by Christopher and Stephanie Somers - Realtors - Philadelphia Real Estate (Realtor / Owner - RE/MAX Access) over 5 years ago

Hello Gene, thanks for your comments.  I moved to Cape Story right after college and rented with some buddies for a couple years.  Then I got married and bought a 2 bedroom house near the bike path.  A couple years later we moved to another 2 bedroom a block away.  We were lucky enough to be able to keep that first house and we rent it out. 

I am getting ready to pack up some sandwiches and take my wife and sons down for another dinner and sunset on the beach.   -Mark

Posted by Mark A. Moore, ABR - Virginia Beach Real Estate (RE/MAX Alliance - REMAX) over 5 years ago

Hi Chris,  Where did you live when you were here?

There are some opportunities.  In this particular neighborhood we will still see long term appreciation considerably higher that average.  The neighborhood will slowly be redeveloped over time.  It is tough to make the numbers work though in todays market without "creative" financing and/or a sizeable down payment.   In my opinion, land here is a very limited commodity.  And demand will always outpace supply.  I would be happy to throw some scenarios your way if you would like me to. 

You may want to keep an eye on my new outside blog at www.shoredriveblog.com.  I just put it together and I hope to take it in a unique direction soon.   -Mark

 

Posted by Mark A. Moore, ABR - Virginia Beach Real Estate (RE/MAX Alliance - REMAX) over 5 years ago

We spent some time at a family reunion in the area. It is a nice place.

Posted by Marty & Laurie Gale, Utah Realtors - RealEstateSource.com - (Re/Max Metro - UtahTeam.com) almost 4 years ago

Hi Marty, We love it.  Just getting ready to walk down for a sunset dinner on the beach. -Mark 

Posted by Mark A. Moore, ABR - Virginia Beach Real Estate (RE/MAX Alliance - REMAX) almost 4 years ago

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