12

Penhook, VA Houses for Sale

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  • /140

    $1,159,000 New Construction

    • 4 Beds
    • 4 Baths
    • 2,803 Sq Ft

    31 Flagstick Ct, Penhook, VA 24137

    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

    Courtney Greco EXP REALTY LLC - FOREST

    31 Flagstick Ct, Penhook, VA 24137
  • /55

    $4,999,000 New Construction

    • 4 Beds
    • 6 Baths
    • 6,158 Sq Ft

    25 Lakeport Cir, Penhook, VA 24137

    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

    Courtney Greco EXP REALTY LLC - FOREST

    25 Lakeport Cir, Penhook, VA 24137
  • /302

    $3,650,000 New Construction

    • 6 Beds
    • 6 Baths
    • 6,654 Sq Ft

    2650 Waters Edge Dr, Penhook, VA 24137

    Welcome to 2650 Water's Edge Drive - A Waterfront Luxury RetreatThis stunning 6-bedroom, 6-bath lakefront home offers 6,654 finished square feet of elegant living with an open floor plan designed for comfort and entertaining. Thoughtfully crafted with high-end finishes, this residence combines timeless craftsmanship with modern convenience. Enjoy the rare luxury of three spacious master

    Jane Sullivan Horne BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    2650 Waters Edge Dr, Penhook, VA 24137
  • /65

    $1,590,000

    • 7 Beds
    • 7 Baths
    • 4,330 Sq Ft

    292 Cove Rd, Penhook, VA 24137

    LAKEFRONT LUXURY in this stunning, fully remodeled 7-bedroom, 5 bathroom home nestled on the shores of beautiful Penhook. This cove is the IDEAL location for all water activities! Bring the boat for your own private dock. Impeccably maintained and thoughtfully upgraded throughout, this gorgeous property offers a rare blend of style, space, and sophistication with each detail thought of. Whether

    Kendra Porter Virginia Realty Group

    292 Cove Rd, Penhook, VA 24137
  • /61

    $1,895,000

    • 4 Beds
    • 4.5 Baths
    • 3,514 Sq Ft

    6 Low Country Dr, Penhook, VA 24137

    A rare blend of luxury, privacy, and lakefront perfection.Nestled on 1.7 secluded acres in The Water's Edge, this extensively renovated 4-bedroom, 4.5-bath modern waterfront home showcases exceptional attention to detail throughout. Enjoy a gentle slope to the water, a quiet cove, and an impressive 260 feet of shoreline--a rare find on Smith Mountain Lake.Inside, soaring vaulted ceilings, premium

    Michelle Vandergrift KELLER WILLIAMS REALTY LYNCHBURG

    6 Low Country Dr, Penhook, VA 24137
  • /33

    $2,490,000 New Construction

    • 9 Beds
    • 6 Baths
    • 3,941 Sq Ft

    200 Sweetwater Bay Dr, Penhook, VA 24137

    WATERFRONT LUXURY IN A PREMIER SMITH MOUNTAIN LAKE LOCATION! Experience lakefront living at its finest in this stunning new waterfront home, ideally situated close to Smith Mountain. This property offers the perfect blend of elegance, comfort, and smart technology, set on a flat lot with crystal-clear water and breathtaking panoramic views. Currently set to generate over $350,000 in annual rental

    Kendra Porter VIRGINIA REALTY GROUP

    200 Sweetwater Bay Dr, Penhook, VA 24137
  • /46

    $750,000

    • 3 Beds
    • 2.5 Baths
    • 2,473 Sq Ft

    195 Golfers Crossing Dr, Penhook, VA 24137

    This home offers country club living at its finest with a wraparound porch overlooking #12 fairway and green, including water and mountain views. Entry level has a primary bedroom, 1 and 1/2 baths, den, office, large family room with wood fireplace (can be converted to propane). The layout is perfect. Vaulted ceiling with clerestory windows for light. The upper level has two large bedrooms and a

    Peter Roberts BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    195 Golfers Crossing Dr, Penhook, VA 24137
  • /59

    $850,000

    • 4 Beds
    • 4 Baths
    • 2,268 Sq Ft

    228 Cove Rd, Penhook, VA 24137

    Offers presented as received! Listed below Appraised Value.(report available) Welcome to 228 Cove Rd, a beautifully remodeled and fully furnished 4-bedroom, 4-bath lakefront home located in scenic Penhook, VA.(AirBNB Approved) With 142 feet of pristine deep water frontage on a half of acre - this home offers breathtaking views of Smith Mountain Lake and the surrounding Blue Ridge

    Daniel Perkins KELLER WILLIAMS REALTY ROANOKE

    228 Cove Rd, Penhook, VA 24137
  • /31

    $349,900

    • 3 Beds
    • 2 Baths
    • 1,400 Sq Ft

    971 Waters Edge Dr, Penhook, VA 24137

    Looking for one level living, come check out this New 3 Bedroom, 2 Bath home located in a lake access community. Upgraded kitchen cabinets & appliances. 12x24 detached garage. The community has a community boat ramp & dock. Home has an open floor concept with split bedroom design. Beautiful kitchen with large island. Home has 6'' walls and a 7 /12 roof. Comes with a 10 year HVAC warranty. Great

    Pamela Gabriel RE/MAX LAKEFRONT REALTY INC

    971 Waters Edge Dr, Penhook, VA 24137
  • /51

    $735,000

    • 3 Beds
    • 2.5 Baths
    • 2,336 Sq Ft

    205 Golfers Crossing Dr, Penhook, VA 24137

    The Waters Edge-This is one of just 45 exceptional Nantucket-style residences where exterior upkeep is included in your association fees. This home comes fully furnished and ready for you and your family. Enjoy your morning coffee on the classic covered porch overlooking the golf course and lake. In the afternoon watch the beautiful sunset views over the water. A valuable asset is the covered

    Vicki Millehan BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    205 Golfers Crossing Dr, Penhook, VA 24137
  • /35

    $379,000

    • 2 Beds
    • 2 Baths
    • 1,300 Sq Ft

    127 Village Green Dr, Penhook, VA 24137

    Village Green in The Waters Edge-Relax and unwind on your covered patio, which provides an unobstructed view of #17 fairway and green. This is the perfect spot for your morning coffee or hosting an evening gathering watching the beautiful sunsets. Beautiful cherry hardwood floors and tile baths. Masonry gas log fireplace for your enjoyment on a chilly day. An active membership is available for

    Vicki Millehan BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    127 Village Green Dr, Penhook, VA 24137
  • /43

    $309,900

    • 2 Beds
    • 1 Bath
    • 1,332 Sq Ft

    1179 Danville Turnpike, Penhook, VA 24137

    Set on 28.5 +/- acres in Penhook, Virginia, this property offers a rare opportunity to own an expansive tract of land with a close proximity to Smith Mountain Lake. The acreage provides a mix of open and wooded areas, making it an excellent setting for outdoor recreation, hunting, or a private retreat. The home on the property presents an opportunity for renovation, expansion, or use as a weekend

    Amy Winikur Copper Key Realty, LLC

    1179 Danville Turnpike, Penhook, VA 24137

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

Housing Trends

Median Sale Price
$1,101,000
Median Single Family Sale Price
$1,125,000
Median Townhouse Sale Price
$1,295,000
Average Price Per Sq Ft
$374
Number of Homes for Sale
12
Last 12 months Home Sales
40
Months of Supply
3.60
Median List Price
$1,079,450
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
30%
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