$1,251,383Average Value$376Average Price per Sq Ft13Homes For Sale
Balancing a country club feel and rural setting along Smith Mountain Lake
Two halves make a whole in Penhook, a rural, waterside community nestled along the southern banks of Smith Mountain Lake. Old Franklin Turnpike bisects the hamlet and roughly pens the line between its lakefront homes surrounding the coveted Water’s Edge Country Club, and its rural countryside homes situated on expansive properties. “In Penhook, half the people are there for the lake and the other half want to be out in the country,” says local Realtor Adam Lynch of Berkshire Hathaway HomeServices Smith Mountain Lake. “You can have the private country club, lake-centric feel or the more rural countryside feel, which has a much different vibe.” Established in the late 80s, The Water’s Edge Country Club is a luxury golf course that offers state-of-the-art amenities, including an impressive clubhouse, tennis courts and an equestrian center. “A big draw to this part of the lake is Water’s Edge Country Club, which is the premier waterside development on the lake,” Lynch says. Still, lake recreation appeals to all residents, as Penhook’s proximity to Smith Mountain Lake, along with access to campgrounds and trails, offers ample opportunity for outdoor recreation in the heart of southwest Virginia.
Penhook is home to PGA Championship golf course Water's Edge Country Club.
Penhook is a rural, laid back community.
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Rural cottages to large waterfront estates
A range of residential architectural styles unfolds along Penhook’s landscape. "There are single-family homes and farms on acreage on the rural side and something for everyoe on the water, ranging from condos and lake cottages to single-family estates," Lynch says. Ranch-style homes and small farmhouses make up the housing stock throughout the area’s more rural setting, while luxury New England-style estates and countryside Colonial Revivals comprise the homes surrounding the country club. Price tags also reflect Penhook’s different halves; homes on the rural side typically range between $230,000 and $700,000, while Country Club and lakefront properties start around $725,000 and fetch up to $2.5 million. Parcels of land are also available for purchase, providing opportunities for new construction.
Lakeside cottages are popular in Penhook.
Luxury homes can be found throughout Penhook.
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Various Country Club amenities and recreation at Smith Mountain Lake
Apart from the R.F. Loving, Jr.-designed PGA golf course, The Water's Edge Country Club offers a range of amenities for its members. The 36,000-square-foot clubhouse features a state-of-the-art gym, a chef-centered restaurant and a junior Olympic-sized swimming pool. Multiple tennis courts are available for use and the club even has an equestrian center for horseback riding.
Smith Mountain Lake offers a plethora of outdoor recreation and remains a huge draw for residents of Penhook. The lake is a hotspot for fishing, boating, swimming, jet skiing and more. While some residents have private docks, others may access the water from the Penhook #9 Boat Access, which offers courtesy docks and paved parking. Marinas are peppered around the shoreline, like Lakeside Marina just east of Penhook. Those preferring to stay inland can take advantage of the rural landscape in other ways. Campgrounds also dot the natural setting that surrounds the lake, such as Smith Mountain Campground and Arrowhead Campground. The Smith Mountain Lake Trail snakes around the lake as well, offering multi-use pathways for horseback riding and hiking.
Penhook is mostly made up of homes and nature.
Enjoy stunning views of Smith Mountain Lake while you play golf in Penhook.
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Education in Franklin County Schools
Franklin County Public Schools serves students living in Penhook. The district earns a B-plus grade from Niche and includes schools such as Glade Hill Elementary and Benjamin Franklin Middle. Students may continue to Franklin County High School in the neighboring town of Rocky Mount. A new Career and Technical Education facility is in the works for the high school to continue to promote job readiness for vocations such as electrical engineering. All three schools in the pipeline receive a B-plus overall score from Niche.
Benjamin Franklin Middle School faithfully serves the community of Penhook.
Older students in Penhook will attend Franklin County High School.
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Local eats and shopping at nearby Rocky Mount
Along Old Franklin Turnpike are a handful of churches and small establishments, including Smith Mountain Boat & Tackle and The Little Mule Café, a quaint pit stop for baked goods, sandwiches, salads and coffee. Down the street, Carl’s Place is a no-fuss spot for burgers and other diner offerings. “Rocky Mount is the closest major shopping area,” Lynch says, adding that the town has grocery stores and a few national retailers. Grocery options in Rocky Mount include Food Lion, Walmart and Kroger. Shopping malls and larger retailers are less than 35 miles away in Roanoke.
Penhook locals can get the essentials at Kroger near Rocky Mount.
The Little Mule Cafe in Penhook serves tasty sandwiches and breakfast burritos.
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Written By
Christina von Claparede-Crola
Photography Contributed By
Caleb Jones
Video By
Jason Jacot
Interested in learning more about homes in this area?
Reach out to
Wendy Swanson,
an experienced agent in this area.
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On average, homes in Penhook, VA sell after 67 days on the market compared to the national average of 53 days. The median sale price for homes in Penhook, VA over the last 12 months is $1,267,500, up 55% from the median home sale price over the previous 12 months.
HARD TO FIND JEFFERSON DOCK PERFECT LOT! Penhook Pointe, an Exceptional Waterfront Community on gorgeous Smith Mountain Lake, the Lake Tahoe of the East, invites you to explore the possibilities of this FLAT LOT with an open feel due to keeping larger trees and cleaning up underbrush, recent perc test, 2 paved road fronts, and underground utilities. Imagine gorgeous springs, exciting summers,
Experience elevated modern luxury in this fully furnished Model Home, perfectly situated on a quiet cul-de-sac within the prestigious Water's Edge Country Club at Smith Mountain Lake. This brand-new, approximately 2,800 sq ft residence captures sweeping fairway views and offers effortless main-level living enhanced by sophisticated design and next-generation technology. Built by Sole Source
Marina Bay Condo-Relax in this beautiful fully furnished lower-level condo, perfectly situated for ease and enjoyment. Forget the stairs-this unit is effortlessly accessed from the lower parking lot, making arrivals and departures a breeze. Your front row seat to the links offers stunning views of #11 tee box and green, providing a picturesque backdrop to your daily life. It offers a gentle slope
Vicki MillehanBERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Come see the Magnificent Views of Smith Mtn, Peaks of Otter and the Blue Ridge mountains from these 522 acres. The property has intensely managed loblolly pines stands for future income. There is long frontage along the Pig River. Perfect for fishing, kayaking, and canoeing. The property has road frontage on two roads. This provides great access to the river as well. There is abundant Deer,
This beautiful waterfront lot on Smith Mountain Lake has it all! Almost 2 acres, view of Smith Mountain, adjoining 4 acres of open space, two locations for drainfields that will accommodate a seven bedroom house, part open and part wooded, and located in the prestigious Water's Edge Golf Course & Country Club community with an active membership. The adjoining 1.65 acre lot is also currently for
Debbie SheltonBERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Golf views, lake views, privacy, and a covered boat slip! This is one of only 3 properties within The Water's Edge community that allows both a main house and a guest house. Water access with a deeded covered boat slip in the nearby community marina, this is a rare acreage parcel at The Water's Edge AND the $35k initiation fee to TWE CC is waived, buyer to join within 30 days of closing.
Cathie DanielBERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Imagine living on the most gorgeous point at Smith Mountain Lake. Views of the mountains, water, sunrise. sunset & fireworks.The best thing is this unit is located on the ground level and boasts two walkout patios for you, your plants as well as furry friends.With water, sewer, internet and trash service, you can enjoy your time on the two beaches, fishing, kayaking, reading or just soaking up
+/- 322 acres of intensely managed timber land. The property has a rocky, flowing stream all year long, providing water for the abundant wildlife and water sounds for peace and serenity. There are Oaks along the stream to provide food for the plentiful deer, turkey and bear. Adjoins Turkey Cock Mtn wildlife preserve. BIG VIEWS!!!
Gorgeous AFFORDABLE Smith Mountain Lake waterfront home offering the ultimate lake lifestyle with incredible views, extensive upgrades, and an exceptional double-slip dock! POTENTIAL to be used as a short term rental! This beautifully maintained 3-bedroom, 3-bath home is designed for both comfort and entertaining, featuring a finished basement complete with a bedroom and full bathroom, ideal for
Beautiful Flat Lot with Smith Mountain Lake Views. Located in Private Golf Community ( The Waters Edge ). Active Club Membership. Purchaser to Pay Club Initiation Fee. Owner/Realtor.
Summer 2026 Delivery! Framed! Walk through the house and experience the gorgeous views for yourself! Lot 25 Lakeport Circle: A Legacy Waterfront Estate by Sole Source Solution, Luxury Homes. Welcome to The Sanctuary, Smith Mountain Lake's most elite new waterfront enclave! A place where architectural excellence meets natural tranquility. Dubbed ''The Lake Tahoe of the East,'' Smith Mountain Lake
Country club living in this turn-key Nantucket-style, furnished lake home in the popular community of Waters Edge. Home has natural light, vaulted ceiling, and hardwood floors. Entry level has a living room with w/gas FP, dining area, kitchen with cherry cabinets, large main bedroom, office, laundry room and powder room. Covered back porch overlooks 12th fairway and Smith Mountain. Upper level
Peter RobertsBERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
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