Explore Penhook
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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 Prices in Penhook, VA
The median home sale price in Penhook, VA is $1,499,000, up 61% year-over-year. Homes in Penhook sell in 75 days on average, compared to the national average of 58 days.
Home Price Trends
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Median Sale Price
$1,499,000
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Median Single Family Sale Price
$1,284,500
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Median Townhouse Sale Price
$937,500
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Median 2 Bedroom Sale Price
$582,500
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Average Price Per Sq Ft
$379
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Number of Homes for Sale
17
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Last 12 months Home Sales
31
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Months of Supply
6.60
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Median List Price
$1,484,950
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Median Change From 1st List Price
2%
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Median Home Sale Price YoY Change
61%
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