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250 Mountain Vista Dr

Penhook, VA 24137
Mark as Favorite
Bed 9

Bed

Bath 7.5

Bath

SqFt4,410

Sqft

Acres0.68

Acre(Lot)

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, enterta ining, 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!

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Detail Ic Property Details

Property Type : Residential

Price : $3,450,000

AD Id : 89730701

MLS Id : 930533

Beds : 9

Lot Size : 0.68 Acre

Living Area Size : 4,410

Year Built : 2026

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Feature Features

  • Bedroom Information

    Total beds: 9

    Bathroom Information

    Full Baths: 7 Half Baths: 1

    Room Information

    Has Basement: Yes Basement: Full
  • Flooring Information

    Vinyl
  • Interior Features

    Cathedral Ceiling(s)
  • Heating & Cooling

    Has Heating: Yes Heating: Heat Pump Water front: 1

  • Building Information

    Year Built: 2026 Construction Materials: Stone Frontage Length: 123.00 Patio And Porch Features: Deck, Patio Pool Features: In Ground Private Pool: Yes View: Lake

  • Lot Information

    Lot Dimensions: 0.68 Lot Size Acres: 0.68 Lot Description: Waterfront

    Property Information

    Subdivision: Sanctuary Bay Source Property Type: Residential Property SubType: Single Family Residence Property Age: 0

  • Listing Price Information

    Listing Price: $3450000

  • Tax Information

    Parcel Number: 1563849612 Tax Lot: 6 Tax Block: 0 Annual Tax: $1000

  • School Information

    Elementary School: Glade Hill
    Junior High School: Ben Franklin Middle
    Senior High School: Franklin County
  • Location Information

    Direction: 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. WaterSource: Private, Well
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
268 Sweetwater Bay Dr, Penhook, VA, 24137 $649,900 3 3 1,891 1,891 SqFt
200 Sweetwater Bay Dr, Penhook, VA, 24137 $2,495,000 9 6 3,941 3,941 SqFt
6015 Smith Mountain Rd, Penhook, VA, 24137 $1,599,000 4 4 2,645 2,645 SqFt
121 Penhook Point Pt, Penhook, VA, 24137 $1,399,900 3 3.5 2,824 2,824 SqFt
337 Emerald Pt Pt, Penhook, VA, 24137 $1,495,000 4 3 2,980 2,980 SqFt
176 Three Point Isle Dr, Penhook, VA, 24137 $3,599,000 5 4.5 5,678 5,678 SqFt
315 Upland Shores Dr, Penhook, VA, 24137 $3,125,000 5 5.5 5,805 5,805 SqFt
197 Mountain Shore Dr, Penhook, VA, 24137 $2,435,000 4 4.5 3,925 3,925 SqFt
34 Mountain Glen Dr, Penhook, VA, 24137 $3,999,000 5 6.5 6,892 6,892 SqFt
25 Findlay Cir, Penhook, VA, 24137 $2,395,000 4 3.5 5,565 5,565 SqFt

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ByOwner last updated this listing 08/20/2026 @ 05:20

MLS: 930533 LISTED BY: KENDRA PORTER, VIRGINIA REALTY GROUP SOURCE: Roanoke Valley Association of REALTORS

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