Jackie Boyd

250 Mountain Vista Dr, Penhook, VA 24137

$3,450,000
  • 250 Mountain Vista Dr, Penhook, VA 24137 Main Photo

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New to the Market Active
BEDS9 BATHS7 full 1 partial SQUARE FEET4,410 MLS#930533
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONSanctuary Bay

Property 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 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

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.jackieknowshomes.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Cooling: Heat Pump Electric
Heating: Heat Pump Electric
Home Style: 1.5 Story
Lot Size: 0.68 Acres
Taxes: $1,000
Year Built: 2026

Amenities

Breakfast Area
Cathedral Ceiling(s)
Storage
Deck
Hot Tub
In-Ground Pool
Patio

Feature Descriptions

Boat Dock: Boat Hoist, Storage/Util Bldg
Days on Site: 6
Exterior: Stone
Floor: Luxury Vinyl Plank
Hot Tub: Yes
Lot: Gentle Sloping
Lot Dimensions: 0.68 acre(s)
Miscellaneous Features: New Construction
Nearby Water: Smith Mountain Lake
Number Covered Slips: 1
Sewer: Private Septic
Special View Info: Lake
Swimming Pool: Yes
Water: Private Well

Local Schools

High School: Franklin County
Middle School: Ben Franklin Middle
Elementary School: Glade Hill

Listed By / Shown By

Listed By

Agency Name: VIRGINIA REALTY GROUP
Agency Phone: (540) 929-1000

Shown By

Agent Name: Jackie Boyd
Agent Phone:
Agency Title: MKB, REALTORS

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Estimated Payment

$ 8,767.79 per month $7,678.20 Principal & Interest $83.33 Property Tax $1,006.25 Homeowner's Insurance

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