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Sanctuary Pointe and Sanctuary Bay Homes for Sale

Sanctuary Pointe and Sanctuary Bay are neighboring luxury communities in Penhook, with large homesites and new custom homes along streets like Sanctuary Pointe Drive, Mountain Vista Drive and Sweetwater Bay. They are home to some of the newest high-end construction on Smith Mountain Lake.

Market Snapshot

As of November 2026, there are about 6 properties for sale across the two communities, from about $650,000 to about $4 million, including new homes under construction. In the past two years, about 11 properties have sold here, mostly homesites from about $200,000 to $900,000, along with homes up to about $5 million. Figures come from live MLS data, change daily and are rounded.

Buying Here

  • Building a custom home? Review architectural guidelines, shoreline classification and dock permits before you buy a homesite. Steven Lee's contractor background helps buyers plan and budget a build.
  • Ask about HOA fees and community amenities.

Selling Here

Get a free home valuation or contact The Lee Team at (540) 529-4294.

Back to Penhook lake homes or the Smith Mountain Lake waterfront guide.

Sanctuary Pointe and Sanctuary Bay 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
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
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
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
LOT 23 Mountain Vista, Penhook
$699,900
805955 MLS
GREAT ACREAGE LOT IN UPSCALE RESIDENTIAL NEIGHBORHOOD. CLOSE TO THE WATERS EDGE GOLF AND COUNTRY CLUB, CLEAN DEEP WATER, AT THE BASE OF SMITH MOUNTAIN! THIS IS WHAT YOU ARE AT THE LAKE FOR! 3 BR SEPTIC APPROVED. REALTORS ARE REALTED TO OWNERS AND OWNERS ARE REALTORS. New 2 Boat Slip Dock, Storage Building, Floating Dock, Azek PVC Decking Completed 12-19-24 ( See Attached Photo and Dock Plans ).

LOT 23 Mountain Vista, Penhook
Lot 4 Sweetwater Bay, Penhook
$649,900
927814 MLS
Discover an extraordinary opportunity to build your custom lakefront estate in The Sanctuary at Smith Mountain Lake. Private and serene, this exceptional estate lot in the Sanctuary Bay section is ideally positioned near the end of a quiet cul-de-sac and spans over one acre. Featuring breathtaking protected views, deep-water frontage with room for an expansive dock, and unparalleled privacy near the base of iconic Smith Mountain. Located in Pittsylvania County, the property features a pre-approved building site, pre-approved three bedroom private septic system, and community water, providing a seamless foundation for your future lakefront retreat. Set amongst stunning multi-million-dollar homes in one of Smith Mountain Lake's most exclusive communities, this expansive homesite is perfectly suited for creating a luxury retreat with sweeping indoor-outdoor living spaces designed to capture the breathtaking lake and mountain vistas. Tucked within a deep-water cove, enjoy calm waters, scenic beauty, and the ultimate lake lifestyle year-round. Short-term rentals are allowed, offering exceptional flexibility for personal enjoyment or investment potential. Located on the desirable Penhook side of the lake, this property is convenient to marinas, waterfront dining, and all that Smith Mountain Lake has to offer while still maintaining a peaceful and private setting. Conveniently located less than two hours from Raleigh, Durham, and Cary, NC, and under four hours from Northern Virginia, this property offers an effortless escape from city life while remaining easily accessible for weekend getaways or full-time luxury living. For those seeking elevated amenities, the property is just two miles from The Water's Edge Country Club, where a limited number of non-resident memberships may be available. As part of the renowned McConnell Golf network, members enjoy access to 16 premier golf and country club properties throughout the region.

Lot 4 Sweetwater Bay, Penhook
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