This is the one! Dramatic water views on two floors in this Penthouse overlooking the Elizabeth River and downtown Skyline. Floor to ceiling windows, skylights, private balconies on 2 levels, and even a secluded rooftop terrace for gardens in a flower pot and sunbathing. The two assigned parking spots #2 & #3 are in a gated lot just steps from the building lobby entrance. The Pier Condominium is extremely well managed with an onsite Manager M-F 8 to 5. Strong reserves! Boat slip #68 at $155 per month conveys with the unit and has power, water and a dock box. Condo fee includes basic cable, elevators, security, water, sewer, trash pickup, building insurance, flood insurance, and a Yacht Club on the first floor. 2 Pets allowed per unit. Designated Storage area, too! Rent with option to buy!
For sale
Price cut: $15K (11/7)
$595,000
40 Rader St APT 505, Norfolk, VA 23510
2beds
1,848sqft
Est.:
Condominium
Built in 1918
-- sqft lot
$593,100 Zestimate®
$322/sqft
$1,079/mo HOA
What's special
Secluded rooftop terraceDramatic water viewsFloor to ceiling windows
- 174 days |
- 463 |
- 13 |
Zillow last checked: 8 hours ago
Listing updated: November 16, 2025 at 07:30pm
Listed by:
Bill Anderson,
BHHS RW Towne Realty 757-422-2200
Source: REIN Inc.,MLS#: 10596671
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Assigned Storage, Utility Closet
Heating
- Heat Pump
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Electric Water Heater
Features
- Walk-In Closet(s), Entrance Foyer
- Flooring: Ceramic Tile, Marble, Wood
- Has fireplace: No
Interior area
- Total interior livable area: 1,848 sqft
Property
Parking
- Total spaces: 2
- Parking features: 2 Space, Assigned
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Balcony
- Pool features: None
- Fencing: Partial,Fenced
- Has view: Yes
- View description: City, Harbor
- Has water view: Yes
- Water view: Harbor
- Waterfront features: Deep Water, Deep Water Access, Dock, River Front
Lot
- Size: 1,167.41 Square Feet
Details
- Parcel number: 34077777
- Other equipment: Backup Generator
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Other
- Foundation: Pile
- Roof: Other
Condition
- New construction: No
- Year built: 1918
Utilities & green energy
- Sewer: City/County
- Water: City/County
Community & HOA
Community
- Subdivision: Downtown Area
HOA
- Has HOA: Yes
- Amenities included: Boat Slip, Cable TV, Clubhouse, Dock, Elevator(s), Security, Sewer, Trash, Water
- HOA fee: $155 monthly
- Second HOA fee: $924 monthly
Location
- Region: Norfolk
Financial & listing details
- Price per square foot: $322/sqft
- Tax assessed value: $587,000
- Annual tax amount: $6,659
- Date on market: 8/9/2025
Estimated market value
$593,100
$563,000 - $623,000
$2,793/mo
Price history
Price history
Price history is unavailable.
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,220 +8.4% | $587,000 +8.4% |
| 2024 | $6,659 +8.5% | $541,400 +10.2% |
| 2023 | $6,140 +25.4% | $491,200 +25.4% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,718/mo
Principal & interest
$2930
HOA Fees
$1079
Other costs
$709
Climate risks
Neighborhood: Ghent
Nearby schools
GreatSchools rating
- 8/10W.H. Taylor Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 4/10Blair Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Maury High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Walter Herron Taylor Elementary
- Middle: Blair Middle
- High: Maury
Source: REIN Inc.. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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