The 1988–89 Virginia Cavaliers men's basketball team represented University of Virginia as a member of the Atlantic Coast Conference during the 1988–89 NCAA Division I men's basketball season.
The team was led by 15th-year head coach Terry Holland.
The Cavaliers earned an at-large bid to the NCAA tournament as #5 seed in the Southeast region, and made a run to the Elite Eight before falling to Michigan, the eventual national champion.