REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Johnny Connolly

jdmcsellshomes@gmail.com +1(804) 219-8895

Listed by KENDRA REED PORTER VIRGINIA REALTY GROUP

$ 3,449,950

Est. payment | -/mo

9 Beds

8 Baths

4,410 SqFt

Save

$ 3,449,950

Est. payment | -/mo

Save

9 Beds

8 Baths

4,410 SqFt

Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Square Footage 4,410 sqft

Price per Sqft $782

Subdivision Sanctuary Bay

MLS Listing ID 930533

Bedrooms 9

Full Baths 7

Half Baths 1

HOA Y/N No

Year Built 2026

Annual Tax Amount $1,000

Lot Size 4,410 Sqft

Acres 0.68

Lot Dimensions 0.68

Property Sub-Type Residential

Source Roanoke Valley Association of REALTORS®

Land Area 4410

Property Description

**DSCR APPROVED!** SELLER OFFERING FURNITURE CREDIT! 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!

Location

State VA

County Pittsylvania County

Community Sanctuary Bay

Area 0.68

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.

Rooms

Basement Full

Interior

Interior Features Cathedral Ceiling(s), Storage

Heating Electric Heat Pump

Cooling Heat Pump Electric

Fireplace No

Laundry Entry Level, Lower Level, Other Level, Upper Level

Exterior

Pool In-Ground Pool

View Lake

Porch true

Garage No

Building

Lot Description Gentle Sloping

Story 15 Story

Sewer Private Septic

Water Private Well

New Construction Yes

Schools

Elementary Schools Glade Hill

Middle Schools Ben Franklin Middle

High Schools Franklin County

Others

Tax ID 1563849612

MLS of Roanoke Valley, Inc. (RVAR) - IDX

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(804) 219-8895

jdmcsellshomes@gmail.com

250 Mountain Vista DR Penhook, VA 24137