Lovely water views on two floors in this Penthouse overlooking the Elizabeth River and Downtown Norfolk. Floor to ceiling windows, skylights, private balconies on both levels, and a private rooftop terrace provide the perfect space for easy everyday living and fabulous entertaining. Two assigned parking spots #2 & #3 are in a gated lot w/private door to building. The Pier Condominium is extremely well-managed with ample reserves and an onsite Manager M-F, 8-5. Boat slip #83 at $155 per month conveys with the unit and has power, water and dock box. Condo fee $950 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. 2023 HVAC, 2024 Trex on balconies. Water heater to be replaced prior to closing.
For sale
Price cut: $26K (9/8)
$499,000
40 Rader St APT 505, Norfolk, VA 23510
2beds
1,848sqft
Condominium
Built in 1918
-- sqft lot
$493,600 Zestimate®
$270/sqft
$1,105/mo HOA
What's special
Private rooftop terraceFloor to ceiling windows
- 105 days
- 414
- 15
Zillow last checked:
Listing updated:
Listed by:
Charlotte Chandler,
BHHS RW Towne Realty 757-217-4200,
Claudia Mackintosh,
BHHS RW Towne Realty
Source: REIN Inc.,MLS#: 10638027
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Assigned Storage, PBR with Bath, Utility Closet
Heating
- Heat Pump
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer, Electric Water Heater
Features
- Cathedral Ceiling(s), Ceiling Fan(s), Entrance Foyer
- Flooring: Carpet, Ceramic Tile, Marble, Wood
- Attic: Walk-In
- Has fireplace: No
- Common walls with other units/homes: End Unit
Interior area
- Total interior livable area: 1,848 sqft
Property
Parking
- Total spaces: 2
- Parking features: 2 Space, Assigned, Off Street, On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 1
- 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
- Features: Corner
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
- Utilities for property: Cable Hookup
Community & HOA
Community
- Security: Security System
- Subdivision: Downtown Area
HOA
- Has HOA: Yes
- Amenities included: Boat Slip, Cable TV, Clubhouse, Dock, Elevator(s), Fitness Center, Landscaping, Security, Sewer, Trash, Water
- HOA fee: $155 monthly
- Second HOA fee: $950 monthly
Location
- Region: Norfolk
Financial & listing details
- Price per square foot: $270/sqft
- Tax assessed value: $587,000
- Annual tax amount: $7,220
- Date on market: 6/5/2026
Estimated market value
$493,600
$469,000 - $518,000
$2,970/mo
Price history
Price history is unavailable.
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% |
| 2022 | $4,898 +16.8% | $391,800 +16.8% |
| 2021 | $4,194 -4.6% | $335,500 -4.6% |
| 2020 | $4,398 | $351,800 |
| 2019 | $4,398 +15.3% | $351,800 -13.5% |
| 2018 | $3,814 -26.2% | $406,800 -9.5% |
| 2017 | $5,167 | $449,300 -3.5% |
| 2016 | $5,167 -2.6% | $465,800 |
| 2015 | $5,306 | $465,800 |
| 2014 | $5,306 | $465,800 |
| 2013 | -- | $465,800 |
| 2012 | -- | $465,800 -6.3% |
| 2011 | -- | $497,300 -1.8% |
| 2010 | -- | $506,500 |
| 2009 | -- | $506,500 +12.9% |
| 2008 | -- | $448,700 -0.5% |
| 2007 | -- | $450,900 +29.5% |
| 2006 | -- | $348,200 +21.3% |
| 2005 | -- | $287,100 +10.9% |
| 2004 | -- | $258,800 +23.5% |
| 2003 | -- | $209,600 +2% |
| 2002 | -- | $205,400 +10% |
| 2001 | -- | $186,700 +0% |
| 2000 | -- | $186,640 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Ghent
Nearby schools
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.
