About Us


Dragas-Office-Park-0681-334wFor  50 years, The Dragas Companies has been making home buying possible – and affordable – for first-time homebuyers and others looking for well-built homes in well-planned condominium communities in Hampton Roads. Through the years, Dragas has developed more than 50 award-winning condominium communities in Chesapeake and Virginia Beach. Today, 5,000 Hampton Roads buyers and their families are enjoying the benefits and privileges of home ownership.

As a local builder with a national reputation for quality, you can rest assured that Dragas affordable homes in Virginia Beach and Chesapeake have been built to last – just like our reputation.

When you buy your home from Dragas, we’re with you all the way—even after the closing. Our Warranty Department works closely with new homeowners to ensure that all warranty requests are handled quickly and conveniently.



Mark & George Dragas

Mark & George Dragas

Fifty years can be forever in the construction industry. In our case, it spans two generations of a local family determined to help others in the community fulfill the American dream of homeownership. Our first company was Dragas Mortgage Company, founded in 1968 by George Dragas, a first generation American and son of Greek immigrants who believed owning a home was part of the American dream. A few years later, George formed a partnership with his brother Mark to develop and build reasonably priced homes and attractive condominium communities in Hampton Roads.

From the start, the Dragas brothers believed that providing value would build their business and their reputation. They were right. The Dragas name became associated with quality and recognized for integrity, innovation and a commitment to excellence—long before “excellence” became just another industry buzzword.

Helen Dragas

Helen Dragas

Those traditions continue today under a second generation of Dragas leadership. George’s daughter Helen E. Dragas began learning about her family’s emphasis on value at the family dinner table. By the age of 13, Helen had her first “official” position with the company—as marketing agent. During many summers and school breaks Helen visited homeowners door-to-door. Even as a teenager, she knew that understanding the Dragas customer would always be key to the company’s success.

Over the years, Helen has worn many hats in the family business. In 1996, she followed in her father’s footsteps and was named President and Chief Executive Officer. Today, with the benefit of years with the company in many different positions, Helen has fine-tuned the company’s vision and has continued the family tradition of providing value. And she’s done it the way her family always did—by building strong relationships with homeowners, employees, government officials and industry professionals. Under Helen’s leadership, The Dragas Companies has received dozens of civic, government and industry awards, including the prestigious America’s Best Builder award from Builder magazine, one of the nation’s leading housing publications.


2016 Forkids Toy DriveHoliday Toy Drive

‘Twas the season of giving and the ForKids Organization geared up for their annual Holiday Toy Drive. With a goal of reaching hundreds upon hundreds of kids, we once again participated in the annual drive. We hosted collections at our sales centers and corporate office with the hopes of gathering the best games, puzzles and sporting equipment Hampton Roads had to offer. When it was all said and done, we raised an overwhelming amount of toys and gift cards for the homeless children of the ForKids program!

GoodMojo Toy DropOff2If you’d like to donate or volunteer for the ForKids organization or even lend a hand at their thrift store, Good Mojo, head over to their website to learn how to get involved with this award-winning organization. –December 2016

ForKids Backpack Drive

ForKidsBackpackDriveEach year, the ForKids organization hosts a backpack drive to benefit children returning to school in Hampton Roads. We’re pleased to once again participate in the event and stuff over 50 bookbags! We’re proud to support ForKids in their mission to stop the cycle of homelessness in Hampton Roads! –August 2016

Cycle for Survival: The Race Against Cancer

david c4s2Cycle for Survival
is an indoor stationary spin cycling event and funds raised from this event benefit Rare Cancer Research. A maximum of 8 people per team can reserve 1 bike for a 4-hour duration with each member pedaling for 30 minutes. The Dragas Companies sponsored a bike for this event, and 8 pedaling enthusiasts made up #TeamDragas. The team pedaled away—riding towards the ultimate goal of answers and cures.

ForKids Inc.: Most Successful Art Auction…Ever

The 14th Annual ForKids Art Auction & Casino Night was a huge success! The night was filled with whimsical characters that we’ve grown to love since childhood. Thing 1 and Thing 2, the Grinch, and dozens of Cat in the Hat impersonators filled the Waterside Marriott for the much-anticipated event. The children and volunteers of ForKids, Inc. decked the room in typical Seuss-ical fashion with Truffula Tree centerpieces, popular Seuss books, and Thing 1 and Thing 2-themed bidding paddles. The main event was when the bidding started – trips, parties, cars and kids’ artwork went for thousands of dollars! The eager donors kept their biding paddles up all night! For the third year in a row, The Dragas Companies had the honor of being the title sponsor of the ForKids Art Auction. We’re looking forward to what next year has in store! –March 2015

Dr. Seuss: The Teacher of Practical Life

Today we celebrate the 111th birthday of Dr. Seuss. Dr. Seuss has written 44 children’s book that have been translated into 15 different languages. His witty use of small words and creation of memorable characters has sparked the love of learning in kids around the world. The children of ForKids, Inc. are no different. This year, the organization’s Art Auction & Casino Night will feature artwork made by kids of the program – in a Seuss-ical fashion. For the third year, The Dragas Companies is proud to be the title sponsor of this event. If you’re looking for a fun night for a worthy cause, contact ForKids at 757-622-6400 to reserve your seat!

Holiday Toy DriveMaking the Season a Little Brighter

After a week of “elf-ing” around, our team came together and stuffed festive toy boxes for the families of ForKids, Inc. Nostalgia settled in as we reminisced on childhood memories made with Easy Bake Ovens, fire trucks, and those green Ninja Turtles. Our hope is that the children of this award-winning organization will one day stand where we stand as they think back on the good times they had with these toys. We are more than pleased to have been a part of the ForKids Holiday Toy Drive. Thank you to everyone who helped us to make this season just a little bit jollier for kids and families around Hampton Roads. It’s not too late to donate toys! There are numerous toy drives taking place throughout Hampton Roads. Contact a local shelter, nonprofit organization, or mentorship program to see how you can help. –December 2014

We Build and Invest in the American Dream

backpack3Labor Day is fast approaching and with it comes big yellow buses and huge backpacks on tiny backs. As families across Hampton Roads prepare for the coming school year, the ForKids Organization once again offered us the chance to invest in a child’s education through their annual backpack drive. Without hesitation, the entire Dragas Team came together and stuffed 55 backpacks to the brim! Like our President, Helen Dragas, we understand the power of education and we were thrilled to play a part in the lives of so many youth.






























  • Greg3Quality Builder’s Warranty Corporation
    • 2015 Builder of Integrity Award
  • The Hampton Roads Apartment Council -2015
    • ABB_Logo_09Best Model Apartment – Built 2007 and After presented to The Apartments at Spence Crossing
  • America’s Best Builders – 2009
    • Builder Magazine
  • Dream Builder Award – 2009
    • Habitat for Humanity of South Hampton Roads
  • Lee Evans Award – 2009
    • For Management Excellence
      The Shinn Consulting Group
  • Farrcroft_Exterior_Home2-2Ridgely Manor at Lake Smith, Virginia Beach
    • Best Electronic Media Advertisement – Television – 2008
      Tidewater Builders Association
    • Best Model Landscaping – 2007
      Tidewater Builders Association
    • Award of Merit for Consistently Maintaining an Attractive and Litter Free Premises – 2007, 2008 and 2009
    • The Council of Garden Clubs of Virginia Beach and Virginia Beach Beautification Commission
    • Honor Award for Superior Residential Development – 2009
      City of Virginia Beach Planning Commission
    • Honor Award for Exceptional Residential Development – 2006
      City of Virginia Beach, Planning Commission

North Trail at the Arboretum, Chesapeake

  • Best Community – 100-250 Homesites – 2007
    Tidewater Builders Association
  • Certificate of Appreciation – 2007, 2005
    • For dedication and enthusiasm in helping to keep Chesapeake beautiful – 2005 and 2007IMG_0067
      Chesapeake Environmental Improvement Council
  • Cromwell Park at Salem, Virginia Beach
    • Honor Award for Superior Residential Development – 2004
      City of Virginia Beach Planning Commission
  • Red Mill Village, Virginia Beach
    • Certificate of Merit for Outstanding Residential Development – 2004
      City of Virginia Beach Planning Commission
    • Best Community – 100-250 Homesites – 2003
      Tidewater Builders Association
    • Merit Award for Exemplary Residential Development – 2003
      City of Virginia Beach Planning Commission
  • Southampton at Salem Springs, Virginia Beach
    • Merit Award for Exemplary Residential Development – 2003
      City of Virginia Beach Planning Commission
  • Columbus Station Apartments, Virginia Beach
    • Award of Excellence – 2003, 2002, 1998, 1996, 1995, 1986
      Tidewater Builders Association/Tidewater Multifamily Housing CouncilH4H
    • Water Conservation Leadership Award – 1996
      City of Virginia Beach Public Utilities Department
    • Best of the Beach Honorable Mention – 1995
      The Virginian-Pilot
  • Lee Evans Award
  • For Building Management Excellence – 1999
  • The Dragas Companies, Singular Award in the United StatesNational Association of Homebuilders/Builder Magazine Only one developer in the nation is recognized with this award each year. In selecting The Dragas Companies, the judges committee commended the company for “thoughtfully designed communities, executed with quality and style, that make a lasting contribution to the fabric of the community.”
  • Plantation Woods, Chesapeake
    • Community of the Year – 1997, 1999
    • Best Product – Detached – 1999
    • Best Marketing Brochure Between $100–$150,000 – 1997
    • Best Model Landscaping Between $100–$150,000 – 1997
    • Best Interior Merchandising Between $100–$150,000 – 1997
      Tidewater Builders Association/Sales and Marketing Council
  • Asbury at Plantation Woods, Chesapeake
    • Best Product – Attached – 1999
      Tidewater Builders Association/Sales and Marketing Council Asbury
  • Shearin Residence, Virginia Beach
    • Certificate of Recognition for Exceptional Rural Residential Development – 1997
      City of Virginia Beach Planning Commission
  • Wellington at Dam Neck, Virginia Beach
    • Best Marketing Brochure Below $100,000 – 1996
    • Best Model Landscaping Attached Below $100,000 – 1966
    • Best Model Complex Attached Below $100,000 – 1996
    • Best Interior Merchandising Attached Below $100,000 – 1996
      Tidewater Builders Association/Sales and Marketing Council
  • Lesner Pointe East
    Virginia Beach

    • Best Marketing Brochure Above $150,000 – 1996
    • Best Marketing Brochure Above $125,000 – 1993
    • Best Model Landscaping Attached – 1993
      Tidewater Builders Association/Sales and Marketing Council
    • Design Award of Excellence for Outstanding Residential Development – 1993
      City of Virginia Beach Planning Commission
  • The Virginia Beach Habitat Enhancement Committee Certificate of Appreciation – 1994
  • In recognition for valuable contributions to Habitat Enhancement and Restoration Projects.
  • The Gables at Bellamy, Virginia Beach
    • Best Interior Merchandising Attached – 1994
    • Best Model Complex Attached – 1994
      Tidewater Builders Association/Sales and Marketing Council
  • BrennemanFarm MonumentSignBrenneman Farm, Virginia Beach
    • Certificate of Honorable Mention for a Quality Residential Development
      Tidewater Builders Association/Sales and Marketing Council
  • Lake Smith, Virginia Beach
    • Best Special Promotion – 1992
      Tidewater Builders Association/Sales and Marketing Council
  • Lake Smith/The Gables at Bellamy, Chesapeake
    • Advertisement of the Year – Magazine Color -1991
    • Advertisement of the Year – Black and White -1991
      Tidewater Builders Association/Sales and Marketing Council




We promise:

A well-built home constructed with quality materials by seasoned contractors who know and meet our rigid standards.Belmeade Photo - Sheri High Res

A well-designed home that makes maximum use of every square foot so you get the most for your investment.

A well-planned community– a true neighborhood, attractively designed and landscaped, and professionally maintained to protect and enhance your investment for years to come.

A reasonable price that is more than competitive, because we are able to offer more for your home-buying dollar, including many amenities and features that other builders may consider upgrades.

Responsive service to our homebuyers– even long after the sale- thanks to the attention to detail our exceptional customer care group provides to you and your neighbors.