Why Live in Penhook
Penhook, Virginia, is a serene community nestled along the southern banks of Smith Mountain Lake, offering a blend of lakefront and rural living. The area is divided by Old Franklin Turnpike, with one side featuring luxurious homes around Water’s Edge Country Club and the other showcasing expansive rural properties. The country club, established in the late 1980s, is a focal point with amenities like a PGA golf course, tennis courts, an equestrian center, and a clubhouse with a gym and restaurant. Smith Mountain Lake is a hub for outdoor attractions, providing opportunities for fishing, boating, and hiking along the Smith Mountain Lake Trail. Residential options range from ranch-style homes and farmhouses to luxury estates, with architectural styles including New England and Colonial Revival. Education is served by Franklin County Public Schools, with highly rated institutions like Glade Hill Elementary and Franklin County High School. Local dining includes spots like The Little Mule Café and Carl’s Place, while nearby Rocky Mount offers grocery stores and national retailers. Roanoke, less than 35 miles away, provides access to larger shopping centers. Penhook's unique setting offers both a lake-centric lifestyle and a rural countryside experience.
Home Trends in Penhook, VA
On average, homes in Penhook, VA sell after 21 days on the market compared to the national average of 70 days. The median sale price for homes in Penhook, VA over the last 12 months is $1,700,000, up 37% from the median home sale price over the previous 12 months.
Median Sale Price
$1,700,000
Median Single Family Sale Price
$599,950
Median Townhouse Sale Price
$440,000
Median 2 Bedroom Sale Price
$459,500
Average Price Per Sq Ft
$452
Number of Homes for Sale
2
Last 12 months Home Sales
544
Median List Price
$1,775,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
37%