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$1,050,000
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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!
Full Property Details
Full Property Details for 506 S Payne St
General
- Sold For: $1,050,000
- Taxes: $9,609 (2025)
- Status: Closed
- Type: Townhouse
- Source: BrightMLSMidAtlantic
- MLS ID: VAAX2055388
- Added to Site: 79 day(s) ago
Interior
- Rooms/Areas: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Basement, Laundry, Utility Room, Primary Bathroom, Full Bath, Half Bath
- Interior Features: 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
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Electric
- Appliances: Cooktop, Disposal, Dishwasher, Oven - Double, Refrigerator, Stainless Steel Appliances, Icemaker, Water Heater, Built-In Microwave
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
- Upper Floor Baths: 1
- Upper - Full Baths: 1
- Main Floor Baths: 1
- Main - 1/2 Baths: 1
- Lower Floor Baths: 1
- Lower - Full Baths: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms Upper: 3
Other Rooms
- Laundry: Lower Floor
Exterior
- Porch/Patio/Deck: Patio(s)
Parking
- Parking Type: On Street
Location
- County: ALEXANDRIA CITY
- Subdivision: CAVALIER HOMES
- Driving Directions: gps
- City Limits: Yes
School Information
- School District: Alexandria City Public Schools
- Elementary School: Lyles-Crouch
- Middle School: George Washington
- High School: Alexandria City
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Colonial
- Structure Type: Interior Row/Townhouse
- Construction: Brick, Masonry
- Basement: Yes
- Basement Desc.: Fully Finished, Improved, Walkout Stairs, Windows
- Foundation: Slab
- Roof: Other, Flat
- Stories Description: Lower 1, Main, Upper 1
- Square Feet: 1,775
- Sq. Ft. Source: Estimated
- Living Area: 1,775 Sq. Ft.
- Finished Above Grnd: 1,224 Sq. Ft.
- Finished Below Grnd: 551 Sq. Ft.
- Year Built: 1940
- Year Built Source: Assessor
- Property Condition: Excellent
Unit Information
Unit 1
- Bathrooms-Lower: 1
Additional Structures
- Other Structures: Shed
Lot Features
- Property View: Garden/Lawn, Street
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,078
- Lot Size Source: Assessor
- Zoning: RB
- Lot Description: Front Yard, Rear Yard
- Fencing (Description): Fully, Vinyl, Privacy
Financial Considerations
- Price Per Sq. Ft.: $857.84
- Assessment Year: 2025
- City/TownTax: $9,609
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $846,673
- Tax Amount: $9,609
- Tax Year: 2025
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 1836
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 508
Listed by Compass, Kristie A Zimmerman
Sold by Corcoran McEnearney, Wendy Santantonio
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Schools
Schools serving 506 S Payne St
School District:Alexandria City Public Schools
| Name | Grades | Distance |
|---|---|---|
Lyles-Crouch Elementary 530 South Saint Asaph Street, Alexandria, VA 22314 | K-5 | 0.4 mi |
Jefferson-Houston PreK-8 School 1501 Cameron Street, Alexandria, VA 22314 | PK-5 | 0.5 mi |
Alexandria City High School 3330 King Street, Alexandria, VA 22302 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 506 S Payne St
Date
Details
Price
Change
Source
6/12/2026
Sold
$1,050,000
—
MLS
4/22/2026
Listed
$1,050,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
506 S Payne Street, Alexandria, VA 22314 (MLS# VAAX2055388) is a Townhouse property that was sold at $1,050,000 on June 12, 2026. Want to learn more about 506 S Payne Street? Do you have questions about finding other Townhouse real estate for sale in Alexandria? You can browse all Alexandria real estate or contact a Coldwell Banker agent to request more information.

