Search Penhook, VA Lake Homes for Sale

Penhook, VA Lake Homes for Sale

Penhook sits at the eastern end of Smith Mountain Lake, in Franklin and Pittsylvania counties, near Smith Mountain itself and the dam that created the lake. It is the lake's luxury market, known for large waterfront homes, mountain views and some of the newest high-end construction on the lake.

Penhook Lake Market Snapshot

As of November 2026, there are about 20 homes for sale in Penhook tied to Smith Mountain Lake, priced from roughly $400,000 to about $4 million. The average asking price is around $1.85 million, the highest of any lake community, and the average price per square foot is about $460, well above the lake-wide average of roughly $355. Figures come from live MLS data, change daily and are rounded.

Living in Penhook

The Smith Mountain Dam and its visitor center are nearby. The center overlooks the dam and has exhibits on how the lake's two-reservoir hydroelectric system works; check smithmtn.com for current hours. Penhook also has three marinas and several places to eat, and in warmer months a floating "boat church" gathers on the water. Penhook is easy to reach from US 29.

Good to Know

  • Penhook spans two counties, so confirm the county, tax rate and school assignment for each address.
  • At this price point, a careful look at the dock permit, shoreline stabilization and water depth matters even more. Our Smith Mountain Lake waterfront guide covers the full checklist.

Work with The Lee Team in Penhook

Buying or selling a luxury lake home in Penhook? The Lee Team at Red Key Realty can help you navigate the details. Contact us or call (540) 529-4294, or get a free home valuation.

Also explore Moneta, Huddleston, Hardy, Union Hall and Wirtz, or see all our neighborhood guides.

Penhook Communities

Explore Penhook's most popular lake communities, ranked by recent sales. Photos show Smith Mountain Lake, not the specific community.

The Waters EdgePenhook's largest luxury community Sanctuary Pointe and Sanctuary BayNew custom homes and homesites Vista PointeLake condos

Card photos: Smith Mountain Lake State Park (fall reflections, park view, cabin dock) by Virginia State Parks, CC BY 2.0.

Penhook Smith Mountain Lake Homes for Sale

104 Mountain Gln Dr, Penhook
$3,999,000
5 Beds ⋅ 8 Baths ⋅ 930308 MLS
May 2027 Delivery! Deep-water dock in place! Another Mountain View show-stopping estate by Sole Source Solution, Luxury Homes! Experience nearly 6900 sq. ft. of luxury waterfront living in this extraordinary new-construction estate at Sanctuary Pointe, thoughtfully positioned to capture breathtaking Smith Mountain, main-lake, and protected cove views. Large Deep-water dock with boat lift and jet ski lift complete! Designed for generations of family and friends, this exceptional legacy estate combines sophisticated design, superior construction, and effortless lake living. The main-level primary suite is a private retreat with stunning mountain views and sliders opening directly to the expansive deck. A huge vaulted great room showcases dramatic lake and mountain vistas through expansive glass, creating an impressive centerpiece for entertaining. This gorgeous estate features 4 spacious ensuite bedrooms plus an oversized bunk suite/rec room, providing exceptional accommodations for family and guests. An elevator serving all three levels, plus laundry facilities on every floor, add exceptional convenience for everyday living and extended family stays. The walkout lower level continues the spectacular views and offers easy access to the shoreline--just steps from the private dock already under construction. A 2-car garage provides additional space for vehicles, storage, and lake gear. Quality construction includes 2x6 exterior walls, energy-efficient spray foam insulation, and Superior Walls basement system, complemented by programmable irrigation, architectural uplighting, and beautiful designer finishes. Located approximately 2 miles from The Water's Edge Country Club, a McConnell Golf community, with an optional nonresident membership opportunity. Home package beginning at $3,999,000. A remarkable combination of luxury, craftsmanship, convenience, and unforgettable Smith Mountain Lake views--a legacy waterfront home designed to be enjoyed for generations. **Renderings created with AI- based on actual house plans.

104 Mountain Gln Dr, Penhook
176 Three Point Isle Dr, Penhook
$3,499,000
5 Beds ⋅ 6 Baths ⋅ 925505 MLS
Stunning Smith Mountain Lake waterfront estate designed by renowned lake architect Antonio Veloso and constructed in 2022 as a luxury home builder's personal residence. A showcase of elegance and craftsmanship, this remarkable property is nestled on nearly an acre on the exclusive Three Pointe Isle peninsula and offers sweeping lake views from multiple vantage points. From the front of the home, enjoy spectacular sunset views across Smith Mountain Lake toward Smith Mountain. Behind the home, the property opens to a calm, protected cove with main-lake views and almost no boat traffic--creating an extraordinary setting that combines dramatic scenery with peaceful waterfront living. Offering over 5,500 square feet of luxury construction, the residence was built with exceptional quality and attention to detail. Constructed with 2x6 exterior walls, spray foam insulation, and premium Pella Lifestyle doors and windows designed to maximize both energy efficiency and the incredible water views. The home features four spacious en-suites on a three-bedroom septic, including a main-level primary suite with private deck access, stunning lake views, and a spa-inspired bath. The secondary bedrooms are equally impressive, both featuring vaulted ceilings, with one offering its own private balcony overlooking the beautiful main-lake views. A large bonus room with a walk-in closet is currently styled as an oversized fifth bedroom or playroom, providing flexible space for guests or recreation. The finished walkout basement is designed for entertaining and extended guest stays. Featuring a kitchenette, second laundry room, private en-suite bedroom, powder room with a convenient changing area for lake days, and two additional flex rooms that can serve as guest rooms, hobby spaces, offices, or fitness rooms. Technology and convenience are seamlessly integrated throughout the home with a high-tech whole-house audio and visual system with interior and exterior speakers, a security system with exterior cameras, elegant exterior uplighting, and a programmable irrigation system. Brand New 4 ft. decorative aluminum fence on three sides. The waterfront amenities are equally impressive. The enormous dock is designed as a true lakefront entertainment hub and includes two boat lifts, two jet ski docks, expansive party space, a giant floater, kayak launch, and paddleboard racks--perfect for enjoying the Smith Mountain Lake lifestyle to its fullest. Located in the peaceful Penhook area of Smith Mountain Lake, the home is just three miles from The Water's Edge Country Club, where non-resident memberships are available for golf, dining, tennis, and social activities. Furnishings by Bassett may be purchased separately, offering the opportunity for a nearly turnkey luxury lakefront retreat. Main Photo from 2025.

176 Three Point Isle Dr, Penhook
250 Mountain Vista Dr, Penhook
$3,490,000
8 Beds ⋅ 8 Baths ⋅ 933056 MLS
A TRULY UNFORGETTABLE, ONCE IN A LIFETIME CUSTOM WATERFRONT HOME BUILD THAT IS CALLING YOUR NAME! **WITH GARAGE INCLUSION** Welcome HOME to this exceptional new-construction luxury lakefront estate in Sanctuary Bay, one of Smith Mountain Lake's most exclusive private neighborhoods, surrounded by multimillion-dollar homes valued at $5 million and beyond. With breathtaking mountain views, a level waterfront lot, and an incredible collection of luxury amenities, this is your opportunity to own a private lakefront estate that is simply unlike anything else on the market. Slated for completion in May 2027, this impressive 8-bedroom, 8-bathroom estate offers approximately 4,600 square feet of beautifully designed living space, thoughtfully created for entertaining or for your comfortable day to day lifestyle, with the ability to customize finishes for a limited time! A separate guest house, connected by a covered walkway and charming courtyard, offers SPECTACULAR guest amenities - providing privacy for guests, extended family, or even multigenerational living. Inside, the luxurious primary suite is designed to be your own personal escape, featuring an upscale spa-inspired ensuite. An expansive lower level overlooking the pool and lake provides even more room, while a dedicated personal gym and oversized double garage with additional workspace bring convenience and function to an already impressive home. But the true magic awaits you outdoors. Imagine starting your mornings on a heated, covered porch as the sun rises over the mountains, spending summer afternoons in your heated saltwater pool, and ending the day relaxing in the covered spa while taking in your own personal, spectacular lake views. Multiple covered porches and thoughtfully designed outdoor living spaces make it possible to enjoy this incredible setting in any season, making it an IDEAL second home or primary residence. The nearly flat lot offers an exceptional advantage for waterfront living, leading to a large covered dock that is top of the line, ensuring you experience Smith Mountain Lake at its maximum potential. Boating, swimming, entertaining your guests, or simply enjoying the peaceful beauty of the water--this property makes every day feel like a vacation. Completion is anticipated for May 2027, giving you the opportunity to secure an extraordinary new lakefront home before it is finished and customize finishes to your personal needs and taste. This property delivers on everything you need to bring your dream waterfront vision to life. Eight bedrooms. Eight bathrooms. A guest house. Heated saltwater pool. Covered spa. Expansive dock. Mountain views. An exclusive multimillion-dollar neighborhood. You do not want to miss THIS house! All information to be independently verified by buyer and buyer's agent. Photos shown are of a recently completed model home with a similar floor plan and may not reflect all finishes, upgrades, or features of the subject property.

250 Mountain Vista Dr, Penhook
51 Island View Dr, Penhook
$2,950,000
5 Beds ⋅ 6 Baths ⋅ 929958 MLS
Experience exceptional Smith Mountain Lake living in this stunning new construction waterfront home in The Water's Edge. Offering 5 bedrooms, 5.5 baths and 5,880 finished sq. ft. across three beautifully appointed levels, the home features a private master suite on each floor. The open-concept main level showcases hardwood floors, custom built-ins, multiple fireplaces and a gourmet kitchen with Wolf, Sub-Zero and Cove appliances, quartz countertops, custom maple cabinetry and a 10-foot island. Enjoy a screened porch with fireplace overlooking the lake, lake-level kitchenette, heated tile floors, exceptional storage and an EV-ready two-car garage. Professionally landscaped grounds feature irrigation, lighting, paver patios, firepit and a private dock with boat and PWC lifts. Luxury, craftsmanship and lake living come together beautifully in this exceptional new home.

51 Island View Dr, Penhook
315 Upland Shores Dr, Penhook
$2,895,500
5 Beds ⋅ 6 Baths ⋅ 928284 MLS
Experience timeless English Country in this custom built home with stunning water and mountain views, including the cove, main channel, and Peaks of Otter. Features hand-hewn beams, stacked-stone fireplace, custom cabinetry and floor-to-ceiling windows. Recent updates by Tim Rutrough include renovated primary and half bath with quartz, new cabinetry, lighting, sconces and heated flooring in primary with walk-in curbless shower. New oak hardwood flooring added to primary bedroom with custom closets and shelving. LED downlights and updated switches throughout the home. Kitchen offers newer 2021 appliances-KitchenAid dishwasher along with farm and prep sinks, plus Quartzite counters, Sub-Zero refrigerator and Thermador 5-burner gas range. Relax outdoors on the open patio or unwind quietly on the screened porch overlooking the water. New remote-controlled gas logs in living, primary, and lower level guest bedroom. Lower level includes custom wet bar, family/game room with stone fireplace, and large flex space ideal for workshop, studio or future sleeping/media room. Mechanical updates: main level HVAC with gas backup (2020) and upper level 14 SEER HVAC (2021). Exterior features include another patio, new dock addition and sandy beach. Active Water's Edge Country Club membership conveys, allowing buyers to join within 30 days for reduced $35000 initiation fee. Amenities include golf, tennis/pickleball, Jr Olympic and kiddie pool, snack shack, equestrian facility, exercise and dining.

315 Upland Shores Dr, Penhook
197 Mountain Shore Dr, Penhook
$2,435,000
4 Beds ⋅ 5 Baths ⋅ 929297 MLS
Imagine waking up to a beautiful sunrise over Smith Mountain and lake views, then unwinding in the afternoon shade on your covered porch. This custom-built home by Sole Source solution delivers luxury craftsmanship at every turn, framed by spectacular mountain views from every level. Designed for comfort and efficiency, the home features 9 ft ceilings on the main and upper levels and 10ft ceilings on the lower level, filling each space with natural light. Built with 2 x 6 exterior walls and fully insulated from rafters to ceiling, the home offers exceptional year-round comfort. An inground propane tank supports the on-demand hot water heater, gas fireplace, Cafe range, and a standby emergency generator with automatic switchgear-ensuring uninterrupted lake living and peace of mind. High-efficiency windows and doors, along with solid interior doors, reinforce the home's quality. Enjoy true main-floor living with a convenient laundry area and a spacious primary ensuite. The lower level is an entertainer's dream, complete with a custom wet bar, built-in cabinetry, and walkout access to beautiful outdoor living spaces. A freshly custom built dock offers maintenance-fee composite decking, powder-coated aluminum handrails, aluminum step ladder, dock-level storage and a gated diving area. Deep water ensures ideal conditions for a tritoon boat slip and swimming. The professionally designed and landscaped yard showcases a stamped concrete driveway, lush plantings maintained by an automatic irrigation system, and extensive hardscaping. Lighted pathways lead to a welcoming lower-level firepit area, perfect for evening gatherings. Every detail of this home has been thoughfully crafted to elevate lake living. Come experience the quality, comfort and beauty that defines this exceptional property. (Taxes estimated)

197 Mountain Shore Dr, Penhook
25 Findlay Cir, Penhook
$2,395,000
4 Beds ⋅ 4 Baths ⋅ 926888 MLS
Step into this immaculate home and immediately unwind as you take in the expansive wide-water views framed by the beauty of Smith Mountain. The main level primary suite offers comfort and convenience, complemented by updated bath and kitchen renovations completed in 2014. The new outdoor living spaces elevate the experience even further, featuring an elevated bird's-eye view of the mountain with desirable eastern exposure-perfect for peaceful morning sunrises, gentle approach to the spacious dock with a party deck, ideal for lakeside gatherings. A firepit area provides the perfect setting to enjoy late-day relaxation by the water. An active club membership is available for purchase by the Purchasers for $35000 within 30 days of closing. Club amenities include, golf, tennis/pickleball, equestrian, jr olympic and kiddie pool, dining, and exercise facility.

25 Findlay Cir, Penhook
255 Upland Shores Dr, Penhook
$2,295,000
5 Beds ⋅ 5 Baths ⋅ 932249 MLS
Custom built by Charles Lynch, this exceptional lake home showcases quality craftsmanship and thoughtful updates throughout. A major renovation completed in 2007 included the expansion of the kitchen to incorporate the former porch area, creating a spacious and inviting gathering space. The lower level was also enhanced with additional work and living areas. Numerous improvements have been completed within the last four years, including marble countertops and backsplash in the laundry room, epoxy-coated garage floors, a new garage door, white oak white brushed engineered hardwood flooring in the lower level, new carpeting, and a beautiful stackstone fireplace. Additional upgrades include a new dock floater, propane water heater (2024), electric water heater (2017, and water softener system. The primary suite offers exceptional comfort with dual-zone climate control, heated tile floors in the primary bath, and a luxurious steam shower. The home is served by gas heat, with additional HVAC system added for the kitchen expansion. This property may be purchased turnkey, including most furnishings and accessories for an additional 50K Separate Bill of Sale with only a limited number of seller exclusions to be provided upon request. An active club membership may be purchased within 30 days of closing. Purchasers are responsible for the 35K initiation fee

255 Upland Shores Dr, Penhook
75 Grande Villa Dr, Penhook
$2,050,000
4 Beds ⋅ 5 Baths ⋅ 926044 MLS
Experience Luxury Lifestyle at the Grande Villas! Spacious lakefront townhouse offers superior quality & complete with a private elevator for easy access to both levels. Great room with cathedral ceiling, built-in bookshelves, & masonry brick fireplace. The gourmet kitchen is a chef's dream w/custom hand glazed cabinets, quartz counters,Wolf & Sub-Zero appliances. A formal dining room provides ample seating for gatherings. Large main level primary bedroom w/luxurious bath w/lighted MakeUp Mirror/Vanity. Masonry FP's. Large covered porch w/beautiful lake views. Main level guest room/office & guest full bath. Two ensuite guest bedrooms & Media room/bedroom on lower level. Spacious lower level family room w/stone FP & wet bar. 2 car garage & covered dock w/cabana, boat slip, & jet ski lift. Seller will convey all bedroom suites and lower level family room furniture. There are many extras in this townhome such as heated bathroom floors, 2 x 6 interior & exterior walls, R27 insulation walls, R38 in the ceiling, Two propane tankless water heaters, Whole home central vac, main level laundry w/Electrolux W/D and 1800 Seer HVAC units. Kitchen has granite countertops and window seat. Wet bar in the family room has lots of cabinets, wine cooler and microwave. There is a media room on the lower decorated as a bedroom. Plantation shutters and ceiling fans throughout. One of the owners is a Retired Decorator. Sellers are members of the Clubhouse and buyers can join for $35,000. initiation fee within 30 days after closing. It is a very easy walk to the boathouse. Beautiful front courtyard. Paved driveway. Some furniture for sale.

75 Grande Villa Dr, Penhook
365 Hardy Rd, Penhook
$1,950,000
929063 MLS
Two Amazing Waterfront Lots combined featuring 1.45+/- acres & 330 Ft. of rip-rapped shoreline. Custom boat dock with cabana. Well & Septic installed. One of a kind waterfront with lots of wide water channel & Smith Mountain views.

365 Hardy Rd, Penhook
31 Mountain Glen Dr, Penhook
$1,750,000
922314 MLS
THE PINNACLE OF PREMIER SMITH MOUNTAIN LAKE PROPERTY WITH UNOBSTRUCTED VIEWS OF SMITH MOUNTAIN. IF YOU ARE LOOKING FOR THE MOST PRESTIGIOUS ADDRESS AT SMITH MOUNTAIN LAKE THIS IS IT! New Dock and Rip Rap on Shoreline Installed.

31 Mountain Glen Dr, Penhook
6015 Smith Mountain Rd, Penhook
$1,599,000
4 Beds ⋅ 4 Baths ⋅ 929820 MLS
Welcome to 6015 Smith Mountain Road, this beautiful lakefront home is located at the foothills of Smith Mountain, gorgeous wide water and mountain views all around, natural sand beach, double slip dock w/floater, fire pit, hot tub, it has it all, plans already approved for an infinity pool overlooking the lake, included is a vacant lot fronting Smith Mountain Road for total acreage of 1.19+/- acres, many possibilities for the vacant lot, you will always feel like you're on vacation at 6015 Smith Mountain Road, Penhook, VA, this property and the surroundings are simply amazing, no homeowner's association, rental income $60K+ per season, furnishings included, decorated as 5 bedrooms, storage building, paved drive, much more to see, make your appointment today!

6015 Smith Mountain Rd, Penhook
6 Low Country Dr, Penhook
$1,499,000
4 Beds ⋅ 5 Baths ⋅ 932758 MLS
A rare blend of luxury, privacy, and effortless lakefront living. Nestled on 1.7 secluded acres in The Waters Edge, this beautifully renovated 4BR, 4.5 Bath, waterfront retreat offers the perfect setting to relax, entertain, and create lasting memories. Soaring vaulted ceilings, floor-to-ceiling finishes, and an open, light-filled floor plan create a warm yet sophisticated atmosphere. Step outside to expansive outdoor living spaces overlooking a quiet cove with 260 feet of shoreline and an easy walk to the lake. The oversized three-car garage and double-lift boat dock for a boat and 2 jet skis make lake life convenient with the option to purchase fully furnished for a turn key experience for additional $25K. Barletta Aria 2024 200 HP Mercury (20 hrs) $50K and 2 Jetskis 2016 and 2017 GTI 130's with single trailer 9K. Active club membership available for $35K to be paid by Purchasers within 30 days of closing, allowing you to enjoy all the exceptional amenities this community has to offer. Furnishings, boat, jet skis and/or trailer to be on separate bill of sale.

6 Low Country Dr, Penhook
140 Island Green Cir, Penhook
$1,399,000
4 Beds ⋅ 5 Baths ⋅ 929901 MLS
Welcome to 140 Island Green Cir, a stunning townhouse nestled in the serene community of Penhook, VA. This charming home was built in 1995 and boasts a classic design that exudes both elegance and comfort. With 4 bathrooms and 1 half bathroom, this property offers ample space and convenience for its residents. Spanning across 1,866 square feet of finished area, this townhouse provides a spacious layout that is perfect for both entertaining and everyday living. The open floor plan seamlessly connects the living, dining, and kitchen areas, creating a cohesive and inviting atmosphere throughout the home. Situated on a generous lot size of 12,066 square feet, the property offers plenty of outdoor space for enjoying the beautiful Virginia weather. Whether you're relaxing on the patio, gardening in the yard, or simply taking in the peaceful surroundings, this home provides the ideal setting for outdoor living. The interior features of the home are equally impressive, with tasteful finishes and modern amenities that elevate the overall appeal of the property. From the sleek hardwood floors to the gourmet kitchen with granite countertops and stainless steel appliances, every detail has been carefully considered to create a luxurious living experience. The bedrooms are spacious and bright, offering a peaceful retreat at the end of the day. The bathrooms are well-appointed with stylish fixtures and finishes, providing a spa-like experience in the comfort of your own home. Additionally, the property has a convenient half bathroom for guests. Located in the desirable community of Penhook, VA, this townhouse offers a tranquil escape from the hustle and bustle of city life. Surrounded by lush greenery and scenic views, residents can enjoy a peaceful and relaxing environment while still being close to all the amenities and attractions that the area has to offer. Overall, 140 Island Green Cir is a beautiful townhouse that combines classic charm with modern convenience, creating a truly special place to call home. Don't miss your chance to own this exceptional property in Penhook, VA.

140 Island Green Cir, Penhook
337 Emerald Pt, Penhook
$1,395,000
4 Beds ⋅ 3 Baths ⋅ 929049 MLS
Experience the best of Smith Mountain Lake from this exceptional waterfront retreat! Perfectly positioned on a point with a cul-de-sac, this beautifully maintained two-story home offers expansive wide-water views, breathtaking sunsets, and outstanding water frontage. Designed for both everyday living and entertaining, the home features 4 spacious bedrooms, 3 full baths, and a finished walkout basement providing ample space for family and guests. Relax on the covered porch while taking in panoramic lake views, or head down the gentle-sloping lot to the impressive dock complete with party deck and boat slip, making it easy to enjoy all that the lake has to offer. A detached two-car garage provides plenty of storage for vehicles and lake toys. This is a great vacation getaway.

337 Emerald Pt, Penhook
76 Lake Front Cir, Penhook
$1,249,500
6 Beds ⋅ 5 Baths ⋅ 930789 MLS
Southern Living Cottage Meets Lake and Golf Views!!! Enjoy overlooking SML and the fabulous 11th hole golf green. Deeded boat slip available with an acceptable offer. Relax on the spacious covered back porch while taking in the beautiful water views and spectacular sunsets. The large screened-in porch offers a cozy retreat with the soothing sounds of the nearby fountain--perfect for morning coffee or evening relaxation. Enjoy cooking in the beautiful updated kitchen with Shaker-style cabinetry and updated appliances while looking out at your lake views. The large theater room on the lower walkout level is perfect for movies, sports, and entertaining. The home combines timeless character with comfortable, updated living.Membership available at The Water's Edge Golf & Country Club. Golf, Tennis, Pickleball, Pool, Restaurant, equestrian center.

76 Lake Front Cir, Penhook
18 Flagstick Ct, Penhook
$1,195,000
4 Beds ⋅ 4 Baths ⋅ 931173 MLS
Experience the best of lake and golf course living in this beautiful custom-built 4 bedroom, 3.5 bath home by Willard Construction, ideally situated on a flat corner lot in a cul-de-sac highly sought-after Waters Edge community. This exceptional property includes a deeded, assigned boat slip which is within walking distance of the Marina Bay marina, clubhouse, and community amenities. Enjoy breathtaking tee-to-green views overlooking #2 fairway, with horses peacefully roaming in the distance, all from the comfort of the expansive screened back porch. Inside, you'll find quality craftsmanship throughout, including a stunning coffered ceiling in the great room, extensive crown molding, custom built-in cabinet, beautiful hardwood flooring, updated interior and exterior outdoor lighting, invisible fencing and fresh interior and exterior paint. The main level features a spacious primary suite, along with two guest bedrooms. Upstairs offers a versatile office space, an additional bedroom, and a full bath, storage and providing plenty of room for family and guests. Residents enjoy access to an impressive array of amenities in The Waters Edge Owned by McConnell Golf Group including Private golf, fitness center, swimming pool, restaurant, tennis courts, pickleball courts, equestrian center and a vibrant calendar of social activities for all ages. An active club membership is available for $35,000, payable by the purchaser within 30 days of closing. (Sellers will remove the chandelier in dining area and master bedroom and the sconces and mirror in the half bath. They will provide a lighting & mirror allowance for replacements).

18 Flagstick Ct, Penhook
30 Island Green Cir Unit 22, Penhook
$1,185,000
4 Beds ⋅ 4 Baths ⋅ 918287 MLS
Townhome Living at Its Best -- Lakefront, Golf & Resort-Style Amenities Enjoy the best of lakefront living in this beautifully maintained four-bedroom, 3.1-bath townhome in the desirable Island Green neighborhood of The Water's Edge Country Club. With beautiful lake views, a peaceful setting, and a boat dock and slip just a short walk away, this home offers an exceptional opportunity to enjoy the lake, golf, and country club lifestyle. The home is ideally situated on a large, quiet cove within an expansive cove, creating a wonderful setting for swimming, kayaking, paddleboarding, and spending time on the water with family and friends. The protected location provides added peace of mind when children and grandchildren are enjoying the lake, while still offering easy access for boating. Inside, the open and inviting floor plan provides plenty of room for family and guests. The kitchen features beautiful cherry cabinetry, while the lower level has been enhanced with new LVT flooring and an updated bar area, creating a comfortable space for entertaining or relaxing after a day on the lake or golf course. The flexible floor plan is currently a four-bedroom home. The spacious upper-level loft provides additional versatility and could easily serve as an office, craft room, reading area, or children's play space. The lower level includes two bedrooms, a comfortable family room, and the inviting bar area. Multiple outdoor living spaces take full advantage of the beautiful lake setting. The large enclosed upper porch, complete with sliding glass doors and screens, provides a comfortable space to enjoy the outdoors in a variety of seasons. An additional open upper porch and spacious lower deck with ceiling fans offer plenty of room for entertaining, relaxing, and enjoying peaceful evenings overlooking the water. Golf enthusiasts will appreciate the home's convenient location near the #7 signature hole, while the nearby boat dock makes getting out on the lake quick and easy. Perhaps best of all, Island Green Property (IGP) takes care of the exterior maintenance, including the mowing and outdoor upkeep, allowing you to spend less time working around the house and more time enjoying everything The Water's Edge has to offer. Imagine simply arriving, relaxing, and enjoying the lifestyle--with golf, dining, swimming, tennis, pickleball, the equestrian center, and the lake all at your fingertips. This is more than a townhome--it is an opportunity to embrace a carefree lake and country club lifestyle in a beautiful, peaceful setting. Simply bring your boat, family, and friends and start enjoying all that Smith Mountain Lake and The Water's Edge have to offer.

30 Island Green Cir Unit 22, Penhook
289 Anthony Ford Rd, Penhook
$1,150,000
3 Beds ⋅ 2 Baths ⋅ 932229 MLS
RARE WATERFRONT OPPORTUNITY! Beautifully updated cottage on a premium, level lot in a highly desirable location near Smith Mountain and the Dam. Sold Turn-Key! Situated on a partial point with some of the best water and views at Smith Mountain Lake, along with beautiful sunset views, this property has water at the dock and dockable boat slips even with the lake's current extremely low level. The grand two-slip dock is a standout feature, with a floater, dock house, plenty of open and shaded stationary areas, and an overhead party deck offering exceptional lake views. The party deck was updated with new decking and Trex railing in 2022, and the entire dock was painted in 2025. The level waterfront yard also features a firepit and sandy beach/walk-in water area. It is an incredible setting for entertaining, enjoying the lake, and simply soaking in the views. The cottage is easily accessible from the level lot and has been extensively updated, including a complete kitchen remodel in 2026 with new flooring, backsplash, island, and appliances, new LVP flooring throughout most of the home, and an updated full bathroom with a walk-in shower. A spacious deck overlooks the level backyard and lake, providing another great spot to relax and enjoy the views. The home offers 3 bedrooms, 1 full bathroom, and 1 half bathroom. Other major improvements include a new roof in 2026 and a new HVAC system in 2025. A large storage shed near the water provides plenty of room for lake toys, tools, and outdoor equipment. Sold Turn-Key and ready to enjoy from day one!

289 Anthony Ford Rd, Penhook
75 Milestone Ln, Penhook
$997,000
4 Beds ⋅ 5 Baths ⋅ 924590 MLS
Discover the charm and elegance of this beautiful Nantucket-style Spindrift model, ideally situated in the sought-after Golfers Crossing area of The Waters Edge Country Club community. From the home and its two spacious, covered porches--one on each level--enjoy breathtaking views of the 18th fairway, country club, and surrounding Blue Ridge Mountains. The inviting interior features a cozy fireplace with gas logs, beautiful hardwood floors, and granite countertops, creating a warm and sophisticated setting for both everyday living and entertaining. One of the home's most unique features--and something not typically found in other models--is the exceptionally large unfinished area beneath the garage. This versatile space offers endless possibilities and could easily be transformed into a workshop, exercise or fitness room, children's play area, hobby space, or craft studio. The property also includes deeded boat slip #15 and PWC lifts #3 and #4, providing convenient access to Smith Mountain Lake and making this an ideal home for those who enjoy both golf and lake living. Membership at The Waters Edge Country Club is available within 30 days of closing and offers an impressive array of amenities, including golf, pickleball, tennis, fine dining, social events and activities, and an equestrian center. This exceptional property offers the perfect blend of golf, lake, mountain views, country club amenities, and comfortable resort-style living--all in one beautiful setting.

75 Milestone Ln, Penhook
31 Flagstick Ct, Penhook
$989,000
4 Beds ⋅ 4 Baths ⋅ 917613 MLS
Price Improvement! Deeded boat slip available for purchase! New Construction overlooking the Third Fairway of The Water's Edge Country Club at Smith Mountain Lake. This brand-new, approximately 2,800 sq ft residence captures sweeping fairway views and offers effortless main-level living enhanced by sophisticated design and next-generation technology. Built by Sole Source Solution, Luxury Homes, with interior selections by Brass Key Design Society, the home showcases exceptional craftsmanship, curated finishes, and meticulous attention to detail. The main level features three spacious bedrooms and a dedicated office, anchored by a serene primary suite with golf course views and a spa-inspired bath with deep soaking tub! Two additional bedrooms share a beautifully designed full bath, while the upper level offers a versatile fourth bedroom or bonus suite with oversized closets and a private half bath, ideal for guests or flexible living. Modern innovation elevates every corner of the home. The chef's kitchen features a high-efficiency induction cooktop with a built-in air fryer, while motion-sensor exterior lighting, a full irrigation system, and a custom motorized pergola add luxury, convenience, and year-round enjoyment outdoors. Vaulted ceilings and expansive Pella windows fill the living spaces with natural light, flowing seamlessly from the kitchen and dining area into the great room and onto the large covered porch. Oversized sliding doors lead to the extended concrete patio, complete with a gas line for a future fire pit or outdoor kitchen, all overlooking the fairway beneath the adjustable shade of the motorized pergola. Constructed with 2x6 exterior walls, spray-foam insulation, and advanced energy-efficient features, this home blends solid construction with high performance and modern comfort. Move-in ready and positioned in a premier golf course setting, it offers an unmatched lifestyle with optional club membership providing access to the clubhouse restaurant, resort-style pool, tennis and pickleball courts, equestrian center, year-round social events, summer camps, and the exclusive McConnell Golf Network of 16 premier clubs across NC, TN, and VA. This exceptional home embodies refined style, modern innovation, and luxury living at The Water's Edge.

31 Flagstick Ct, Penhook
Lot 13 Sanctuary Pointe, Penhook
$975,000
930469 MLS
Discover the opportunity to build your dream lake home in Sanctuary Pointe, one of Smith Mountain Lake's most prestigious waterfront communities. Lot 13 offers a rare combination of beautiful lake views and stunning vistas of iconic Smith Mountain, creating an exceptional backdrop for your future home. Located at the base of Smith Mountain, The Sanctuary is renowned for its spectacular scenery, pristine waterfront, and desirable setting on Smith Mountain Lake. Enjoy direct lake access and the tranquility of a premier waterfront community while being conveniently located to area amenities, dining, golf, and recreation. With its exceptional location and breathtaking surroundings, Lot 13 is the perfect place to create a private lake retreat or your forever home. Opportunities to own premier waterfront property in a setting this special are increasingly rare--bring your vision and make Smith Mountain Lake your home.

Lot 13 Sanctuary Pointe, Penhook
320 Fingerlake Rd, Penhook
$969,000
3 Beds ⋅ 3 Baths ⋅ 931627 MLS
Welcome to your newly remodeled waterfront retreat on Smith Mountain Lake! This stunning 3-bedroom, 3-bathroom home combines modern updates with the relaxed charm of lakefront living. Step inside to discover a thoughtfully renovated interior with comfortable living spaces and breathtaking water views. The finished basement provides additional space for entertaining, complete with a built-in bar--perfect for hosting family and friends after a day on the lake. Outside, enjoy your own private waterfront setting with a large dock, offering plenty of room for boating, swimming, fishing, and soaking in the spectacular Smith Mountain Lake sunsets. Whether you're looking for a peaceful full-time residence, a weekend getaway, or an investment opportunity, this property offers exceptional versatility. With its prime waterfront setting, expansive views, remodeled interiors, finished basement, and impressive dock, this home is ready to enjoy. It also has the potential for use as a short-term rental! Come experience lake life at its finest!

320 Fingerlake Rd, Penhook
13a-1 Waters Edge Dr, Penhook
$749,500
889645 MLS
Golf views, lake views, privacy, and a covered boat slip! This is one of only 3 properties within The Water's Edge community that allows both a main house and a guest house. Water access with a deeded covered boat slip in the nearby community marina, this is a rare acreage parcel at The Water's Edge AND the $35k initiation fee to TWE CC is waived, buyer to join within 30 days of closing. Membership at The Water's Edge gives access to fine dining, championship golf, tennis, swimming, clubhouse, equestrian center, fitness facilities, and more!

13a-1 Waters Edge Dr, Penhook
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