250 Mountain Vista DR, Penhook, VA 24137

New Listing
$3,450,000
Property Type: Residential Bedrooms: 9 Baths: 7.1 Square Footage: 4,410 Lot Size (sq. ft.): 29,621 Status: Active
Current Price: $3,450,000 List Date: 8/19/2026 Last Modified: 8/19/2026

Overview

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 ...

Listing Details MLS# 930533

Location, Tax & Legal

Area
1690 - SML Pittsylvania County
Street Number
250
Street Name
Mountain Vista
Street Suffix
DR
State/Province
VA
Zip Code
24137
Subdivision
Sanctuary Bay
Municipality
Pittsylvania County
Elementary School
Glade Hill
Middle School
Ben Franklin Middle
High School
Franklin County
Major Area
16 - Pittsylvania County
Phase
0
Lot
6
Block
No
Tax ID
1563849612
Annual Taxes
1000
Section
No
POA Y/N
No

General Property Description

Property Sub-Type
Single Family Residence
Residential Type
Detached
Construction Status
Under Construction
Year Built
2026
Total Bdrm
9
Total Bths
7.1
Total F Baths
7
Total H Baths
Yes
Entry Above Grd Fin SQFT
1800
Upper Above Grd Fin SQFT
605
Lower Below Grd Fin SQFT
2005
Total Fnshd SqFt
4410
Total Above Grd Fin SQFT
2405
Grand Total Attached SQFT
4410
Basement Y/N
Yes
Prim. Covered Prking
Other - See Remarks
Add'l Covered Prkng
Other
Lot Dimensions
0.68
Total Acreage
0.68
Water Class
Waterfront Property
Water ID
Smith Mtn Lake
Length of Waterfront
123
Entry Below Grd Fin SQFT
0
Other Above Grd Fin SQFT
0
Other Below Grd Fin SQFT
0
Detached Above Grd Fin SQFT
0
Total Unfin SQFT
0
Total Cov'd Prk Spc
0

Primary Bedrooms

Primary BR Entry Lvl
Yes

Bedrooms

BR Entry Level
2
BR Upper Level
2
BR Lower Level
4
BR Other Level
Yes

Full Baths

Full Baths Entry Lvl
3
Full Baths Upper Lvl
Yes
Full Baths Lower Lvl
3

More Information

Half Baths

Half Baths Lower Lvl
Yes

Laundry

Laundry Entry Level
Yes

Water Details

Number Covered Slips
Yes
Short Term Rental
Yes

Remarks & Misc

Public Remarks
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!
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.

Style of House

1.5 Story
Yes

Limited Service

Not Limited Service
Yes

Lot Description

Gentle Sloping
Yes

Construction

Stone
Yes

Basement

Full
Yes

Views

Lake
Yes

Heating

Heat Pump Electric
Yes

Misc Features

New Construction
Yes

Cooling

Heat Pump Electric
Yes

Water Description

Private Well
Yes

Sewer Description

Private Septic
Yes

Interior Features

Breakfast Area
Yes
Cathedral Ceiling(s)
Yes
Storage
Yes

Exterior Features

Deck
Yes
Hot Tub
Yes
In-Ground Pool
Yes
Patio
Yes

Floors

Luxury Vinyl Plank
Yes

Boat Dock Desc

Boat Hoist
Yes
Storage/Util Bldg
Yes

Property Features

Style of House: 1.5 Story Limited Service: Not Limited Service Lot Description: Gentle Sloping Construction: Stone Basement: Full Heating: Heat Pump Electric Cooling: Heat Pump Electric Interior Features: Breakfast Area; Cathedral Ceiling(s); Storage Exterior Features: Deck; Hot Tub; In-Ground Pool; Patio Views: Lake Misc Features: New Construction Floors: Luxury Vinyl Plank Water Description: Private Well Sewer Description: Private Septic Boat Dock Desc: Boat Hoist; Storage/Util Bldg Water Details: Short Term Rental
Listing Office: VIRGINIA REALTY GROUP
Last Updated: August - 19 - 2026
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