$649,900
Penhook, VA 24137
MLS# 927814
1 / 31
Property Description
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 private septic system, and community water, providing a seamless foundation for your future lakefront retreat.
Details
Maps
General Property Description
Land Type: Unimproved Lot
Land Sub-Type: Residential - Single Family
Total Acreage: 1.15
Manufactured Allowed: No
Water Class: Waterfront Property
Water ID: Smith Mtn Lake
Length of Waterfront: 129
Location, Tax & Legal
Major Area: 16 - Pittsylvania County
Phase: 0
Lot: 4
Block: 0
Tax ID: 1563-84-8340
Annual Taxes: 1200
Section: 1
POA Y/N: No
POA Dues: 0
Area: 1690 - SML Pittsylvania County
Street Number: Lot 4
Street Name: Sweetwater Bay
Street Suffix: DR
State/Province: VA
Zip Code: 24137
Subdivision: Sanctuary Bay
Municipality: Pittsylvania County
Elementary School: Gretna Elementary
Middle School: Gretna Middle
High School: Gretna High
Remarks & Misc
Directions: Heading north on Smith Mountain Rd, turn right onto Sanctuary Bay Dr. Turn right onto Sweetwater Bay Dr. Destination on left.
Limited Service
Not Limited Service: 1
Land Description
Down Slope: 1
Varied: 1
Views
Lake: 1
Mountain(s): 1
Misc Features
Underground Util: 1
Property Description
Paved Road: 1
Views: 1
Water Description
Community System: 1
Documents Available
Building Restriction: 1
Deed Restrictions: 1
Sewer Description
Private Septic: 1
Electric Description
Below Ground: 1
Water Access Only A
Access - On/Off Site: Access - On Site
Water Features
Cove: 1
Other Water Details
Short Term Rental: 1
Contract Information
Current Price: $649,900
List Price: $649,900
List Date: 2026-05-22
Status: Active
Property Features
Limited Service: Not Limited Service
Land Description: Down Slope; Varied
Views: Lake; Mountain(s)
Misc Features: Underground Util
Property Description: Paved Road; Views
Documents Available: Building Restriction; Deed Restrictions
Electric Description: Below Ground
Water Description: Community System
Sewer Description: Private Septic
Water Features: Cove
Other Water Details: Short Term Rental
Supplements
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.
Listing Office: EXP REALTY, LLC - UNION HALL
Last Updated: May - 22 - 2026
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 reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.