Waterfront - New Construction
Address
250 Mountain Vista Dr, Penhook, VA
Price
$ 3,450,000
Property Attributes
- MLS#930533
- TypeSingle Family
- Listing Status Active
- CountyPITTSYLVANIA
- CityPenhook
- Area1690 - SML Pittsylvania County
- NeighborhoodSanctuary Bay
- Zip24137
- StyleSingle Family Residence
- Year Built2026
- Taxes$ 1000
- Price$ 3,450,000
- Bedrooms9
- Full Bathrooms7
- Half Bathrooms1
- Sqr Footage4410
- Lot Size0.68 Acres
Data Source:
Roanoke Valley MLS (RVAR)
Property Description
LAKEFRONT ESTATE ~Stunning Mountain views & MAXIMUM RENTAL INCOME 9 beds/8 baths~ Slated for completion in May 2027, this extraordinary new construction is designed to bring together everything that makes Smith Mountain Lake special: beautiful mountain views, wrap around waterfront with a large covered dock, heated salt water pool, incredible outdoor living, plenty of space for family and friends, and the opportunity to generate substantial short-term rental income. With approximately 4,400 square feet of uniquely designed living spaces, there is room here for everyone to spread out and settle in, while also finding personal retreat. The home also features an expansive lower level overlooking the pool and lake with additional living space, creating even more flexibility for guests, entertaining, or simply enjoying extra room. A separate guest house with a covered walkway and courtyard in between adds another level of privacy and versatility, making this property especially well-suited for large families, multi-generational gatherings, or those looking for a vacation home that can comfortably accommodate a crowd. Outside is where this property really comes to life. Expansive covered porches are designed to take full advantage of the lake and mountain setting, while a heated salt water in-ground pool with a dedicated lounge area and hot tub creates the kind of outdoor space that makes you want to stay all day. And, of course, the property will include a private dock that is already built and approved by AEP, giving you easy access to the water and all that Smith Mountain Lake has to offer. Picture slow mornings overlooking the mountains, afternoons on the lake, and evenings gathered around the pool or hot tub as the sun goes down. This is lake living at its best. Located in the heart of Smith Mountain Lake, the property offers both the lifestyle people come here for and the potential to make it a truly impressive investment. The home is eligible for short-term rental use, and the opportunity here is significant. A similar plan built by the same team just two years ago has already demonstrated strong rental performance, providing a real-world foundation for the projected approximately $400,000 in gross annual rental income. THIS HOME TRULY checks all the boxes. The buzz around this property is well deserved. New construction, breathtaking mountain views, waterfront living, a private dock, pool, hot tub, guest house, nine bedrooms, and significant rental potential--opportunities like this at Smith Mountain Lake don't come along often. Completion is anticipated for May 2027, giving you the opportunity to FULLY CUSTOMIZE! Additionally, for the next 30 DAYS, buyers have the opportunity to add a garage! All information to be independently verified by buyer and buyer's agent. Photos included show a recently built model home that closely resembles the subject home, but please note upgrades are included!
| Elementary School | Middle School | High School |
|---|---|---|
| Glade Hill Elementary School | Ben Franklin Middle | Franklin County High School |
| Price History | |
|---|---|
| 8/20/2026 | Listed $3,450,000 |
General Features
| Heating | Heat Pump Electric |
|---|---|
| Cooling | Heat Pump Electric |
| Patio/Porch Features | Deck,Patio |
| Pool Features | In-Ground Pool |
| Year Built | 2026 |
| View | Lake |
| Levels | 15 Story |
| Property Subtype | Single Family Residence |
| County | Pittsylvania County |
| New Construction | Yes |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | Sanctuary Bay |
| Full Baths | 7 |
| Status | Active |
| Directions | FROM HFB: 122 SOUTH,L ON 616,R ON 834 TO 40 EAST. 40 E TO PENHOOK,L 645,L ON 626 TO SANCTUARY BAY ON RIGHT. |
| High School | Franklin County |
| City | Penhook |
| MLS Area | 1690 - SML Pittsylvania County |
| Lot Size Units | Acres |
| Lot Size Square Feet | 29620.8 |
| Carport Spaces | 0.0 |
| Carport Y/N | No |
| Spa Features | Above Ground |
| Elementary School | Glade Hill |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 1000.0 |
| Home Warranty Y/N | No |
| Middle/Junior High School | Ben Franklin Middle |
| Lease Renewal Y/N | No |
| MLS Area Minor | 1690 - SML Pittsylvania County |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active |
| Tax Lot | 6 |
| MobileHomeRemainsYN | No |
| Senior Community | None |
Interior Features
| Interior Amenities | Cathedral Ceiling(s),Storage |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Half Baths | 1 |
| Total Bedrooms | 9 |
| Below Grade Finished Area | 0.0 |
| Main Level Bedrooms | 2 |
| Main Level Bathrooms | 3 |
| Total Baths | 8 |
Exterior Features
| Lot Features | Gentle Sloping |
|---|---|
| Water Source | Private Well |
| Lot Size Area | 0.68 |
| Spa | No |
| Building Area Total | 4410.0 |
| Lot Dimensions | 0.68 |
| Lot Size Acres | 0.68 |
| Waterfront Y/N | Yes |
| Covered Spaces | 0.0 |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 24137
Price
Taxes
Year Built
Visits
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All MLS listings are © 2026 Central Virginia Regional Multiple Listing Service, LLC. All
Charlottesville Area Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Information is deemed to be reliable, but is not guaranteed. © 2026 MLS and FBS. Prepared by MLS of Roanoke Valley, Inc. (540-772-0526) on September 21, 2026 2:48 AM UTC . The information on this sheet has been made available by the MLS and may not be the listing of the provider. All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily
Lynchburg MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
