Dam Neck is on the very southern end of Virginia Beach. If you like hiking, outdoors recreation stuff, and the like there is a lot to do. Lots of state parks type areas on the shore. Also, if you want civilization closer, the whole Hampton Roads area is near with somewhere over a million folks living here. Standard malls, movie houses, shopping and the like. Like anywhere these days, real estate is a buyers market and houses, condos, rental apartments and houses are aplenty.
For your commute, I recommend you live in Virginia Beach. I live in Virginia Beach, and work in Norfolk. It takes me 45 mins to an hour each morning to get to work.