506 S Payne Street, Alexandria, VA 22314

$1,050,000
  • 506 S Payne Street, Alexandria, VA 22314 Main Photo

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New to the Market ACTIVE
BEDS3 BATHS2 full 1 partial SQUARE FEET1,775 MLS#VAAX2055388
STATUSACTIVE PROPERTY TYPEResidential - Townhouse SUBDIVISIONCAVALIER HOMES SCHOOLALEXANDRIA CITY PUBLIC SCHOOLS

Property Description

Nestled in Old Town Alexandria, 506 S Payne Street is an extraordinary townhome redefining exceptional living. This classic 3-bedroom, 2.5-bathroom townhome built in 1940 has been beautifully transformed to live like brand new, preserving its original structural quality while introducing today’s modern updates for the perfect balance of warmth, style and functionality. Step inside to discover a sunlit living space adorned with LED lighting, large picture window, engineered floors, crown molding and an elegant stacked stone wall with an inviting, eco-friendly electric fireplace. The open-concept kitchen is a culinary haven, featuring granite countertops, stainless steel appliances, accented backsplash and custom stained butcher block island. A half bath plus seamless flow from the kitchen to the living and dining areas and private outdoor patio creates an ideal setting for entertaining—whether it’s an intimate dinner party or casual weekend brunch. Upstairs, you’ll find a spacious main bedroom with an expanded walk-in closet and two additional bedrooms, one includes a washer/dryer hookup for upper level laundry. The renovated bathroom features a timeless finish and thoughtful clerestory window detail, ensuring natural light, convenience and sophistication. The lower level offers a second laundry hookup, storage, full bath, wet bar and versatile recreation space—perfect as a guest room, home office, gym or media room. The outdoor space sets this home apart - you’ll appreciate privacy in the back yard with a six foot, low maintenance pvc fence, plush green grass and a patio that feels like your own urban oasis. Imagine sipping your morning coffee or hosting summer outdoor gatherings. The shed provides storage for yard, hobby and entertaining essentials. Living here means being just steps away from the best of Old Town—King Street boutique shops, award-winning restaurants, scenic waterfront parks and Metro access for easy travel. Commuting is a breeze with an 87 walk score, 80 bike score plus minutes to access Route 1/I495. With its unbeatable location and undeniable charm, 506 S Payne St is more than a home—it’s a lifestyle and it’s waiting for you!

506 S Payne Street | MLS# VAAX2055388

This townhouse located at 506 S Payne Street, Alexandria, VA 22314 is currently listed for sale with an asking price of $1,050,000. This property was built in 1940 and has 3 bedrooms and 2 full and 1 partial baths with 1775 sq. ft. S Payne Street is located in the CAVALIER HOMES subdivision within the ALEXANDRIA CITY PUBLIC SCHOOLS school district. Search CAVALIER HOMES real estate on www.montaguemiller.com today.

Property Features

Property Type: Residential - Townhouse
Basement: Fully Finished, Improved, Walkout Stairs, Windows
Basement: Yes
Cooling: Central A/C
Fireplaces: 1
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Colonial
Lot Size: 0.05 Acres
Roof Type: Other, Flat
Stories: 3.0
Taxes: $9,609
Year Built: 1940

Feature Descriptions

Additional Structures: Above Grade, Below Grade
Appliances: Cooktop, Disposal, Dishwasher, Oven - Double, Refrigerator, Stainless Steel Appliances, Icemaker, Water Heater, Built-In Microwave
Exterior: Brick, Masonry
Fencing: Fully, Vinyl, Privacy
Fireplace: Electric
Flooring: Hardwood
Interior: Combination Dining/Living, Combination Kitchen/Dining, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Bathroom - Stall Shower, Upgraded Countertops, Crown Moldings, Recessed Lighting, Skylight(s), Wet/Dry Bar, Wood Floors
Lot: Front Yard, Rear Yard
Lot Dimensions: 0.05 Acre(S)
Rooms: Living Room, Dining Room, Primary Bedroom, Bedroom 2,Bedroom 3,Kitchen, Basement, Laundry, Utility Room, Primary Bathroom, Full Bath, Half Bath
Sewer: Public Sewer
Special View Info: Garden/Lawn, Street
SQFT Above Finished: 1224
SQFT Below Finished: 551
SQFT Total Finished: 1775
Structure Type: Interior Row/Townhouse
Water: Public

Local Schools

High School: ALEXANDRIA CITY
Middle School: GEORGE WASHINGTON
Elementary School: LYLES-CROUCH
School District: ALEXANDRIA CITY PUBLIC SCHOOLS

Listed By / Shown By

Listed By

Agency Name: Compass
Agency Phone: 7032667277

Shown By

Agency Title: Montague Miller & Co. Realtors
Agency Phone:

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Estimated Payment

$ 3,443.84 per month $2,336.84 Principal & Interest $800.75 Property Tax $306.25 Homeowner's Insurance

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