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 Mountai
Listed By
Agency Name: VIRGINIA REALTY GROUP
Agency Phone: (540) 929-1000
Shown By
Agent Name: Tim Thompson
Agent Phone: (540) 353-7073
Agency Title: MKB, REALTORS
Estimated Payment
$ 8,767.79 per month $7,678.20 Principal & Interest $83.33 Property Tax $1,006.25 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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250 Mountain Vista Dr | MLS# 930533
This single family home located at 250 Mountain Vista Dr, Penhook, VA 24137 is currently listed for sale with an asking price of $3,450,000. This property was built in 2026 and has 9 bedrooms and 7 full and 1 partial baths with 4410 sq. ft. Mountain Vista Dr is located in the Sanctuary Bay subdivision. Search Sanctuary Bay real estate on www.timthompsonrealtor.com today.