28

Penhook Homes for Sale

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  • /5

    $59,000

    • Land
    • 0.46 Acre
    • $128,261 per Acre

    Lot 234 Marina Bay Dr, Penhook, VA 24137

    Discover Your Private Paradise at The Waters Edge Golf Community. This beautiful building lot offers both privacy and convenience. With beautiful views of Smith Mountain, this water access lot is just a short walk from the marina / lake access, equestrian center and clubhouse, where you can enjoy golf, the pool, tennis courts, fitness center & dining. Club membership is available, contact the

    Agent Photo

    Michelle Turner

    BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    (540) 405-8373

    Lot 234 Marina Bay Dr, Penhook, VA 24137
  • /63

    $899,900 New Construction

    • 3 Beds
    • 2 Baths
    • 1,950 Sq Ft

    342 Morgans Mill Dr, Penhook, VA 24137

    COMPLETED NEW CONSTRUCTION, LAKE ACCESS W/ DEEDED COVERED BOATSLIP!! Located in the prestigious golf community of Waters Edge, this stunning new construction offers the perfect blend of modern craftsmanship and timeless elegance. Designed for both comfort and entertaining, this thoughtfully designed home features 3 spacious bedrooms, 2 luxurious bathrooms, and a dedicated office space within an

    Agent Photo

    Dana Montgomery

    BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    (540) 551-7914

    342 Morgans Mill Dr, Penhook, VA 24137
  • /52

    $1,295,000

    • 4 Beds
    • 3.5 Baths
    • 3,443 Sq Ft

    30 Island Green Cir Unit 22, Penhook, VA 24137

    Town home living at its best. 4 Bedrooms, 3.1 baths. Live on the lake with your boat and slip a short walk away. Nice lake views, located on a very large cove within a very large cove so no worries about boats getting near your family while in the water. Beautiful cherry cabinets in the kitchen. New LVT flooring in lower level and new bar area. IGP offers complete outdoor care which

    Peter Roberts BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    30 Island Green Cir Unit 22, Penhook, VA 24137
  • /51

    $785,000

    • 3 Beds
    • 2.5 Baths
    • 2,542 Sq Ft

    145 Golfers Crossing Dr, Penhook, VA 24137

    Charming home located within Nantucket-style Golfers Crossing in the popular lakefront community of The Water's Edge. The entry level is lovely with natural light and features hardwood floors & vaulted ceiling. The living level features a living room w/gas FP, kitchen w/cherry cabinets, dining area, covered back porch overlooking 12th fairway and Smith Mountain, large primary bedroom, office,

    Charlene Jones RE/MAX LAKEFRONT REALTY INC

    145 Golfers Crossing Dr, Penhook, VA 24137
  • /3

    $199,900

    • Land
    • 0.77 Acre
    • $259,610 per Acre

    LOT 454 E Pointe Dr, Penhook, VA 24137

    Wooded waterfront lot on Smith Mountain Lake. Located in the beautiful and prestigious community of The Water's Edge Golf Course and Country Club. Build your dream home in this quiet cove and enjoy all the amenities of the neighborhood. AEP approved dock permit attached under documents. Active club membership.

    Debbie Shelton BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    LOT 454 E Pointe Dr, Penhook, VA 24137
  • /7

    $59,000

    • Land
    • 0.77 Acre
    • $76,623 per Acre

    Lot 155 Cross Harbor Dr, Penhook, VA 24137

    This beautiful corner lot in The Waters Edge offers a tempting opportunity, boasting not only generous size (.77 acres) but also seasonal views of both the golf course and the water. Its proximity to the community Clubhouse is another perk, suggesting easy access to amenities. See agent for details. Water hook-up fees and drain field installation is the responsibility of the Purchasers.

    Vicki Millehan BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    Lot 155 Cross Harbor Dr, Penhook, VA 24137
  • /76

    $2,199,900

    • 5 Beds
    • 5.5 Baths
    • 4,893 Sq Ft

    211 Big Cove Dr, Penhook, VA 24137

    Welcome to this SPECTACULAR CUSTOM NEW BUILD, thoughtfully designed and perfectly positioned on a FLAT, PRIVATE LOT in Franklin County. Zoned A-1, this property permits short-term rentals with an approved Special Use Permit--offering EXCEPTIONAL potential as a high-performing INVESTMENT or a serene personal retreat. Tucked away in a QUIET COVE with LONG lake VIEWS, this home boasts rare,

    Jada Turner BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    211 Big Cove Dr, Penhook, VA 24137
  • /75

    $2,199,900

    • 4 Beds
    • 5.5 Baths
    • 5,484 Sq Ft

    211 Big Cove Dr, Penhook, VA 24137

    REDUCED! Discover this exquisite one of a kind new construction in Penhook. Dock will be completed for you to enjoy soon. Over an acre lot with a gentle slope to the lake. Once you enter the door you will be amazed at the quality of construction throughout. Wide trim and moldings complement every room. Entertain in the gourmet kitchen which flows to the 28x16 covered porch. Four large bedrooms

    Rosie Gantt Century 21 ALL-SERVICE

    211 Big Cove Dr, Penhook, VA 24137
  • /58

    $824,900

    • 4 Beds
    • 3 Baths
    • 2,800 Sq Ft

    95 Bull Run Trail, Penhook, VA 24137

    Welcome to 95 Bull Run Trail on Smith Mountain Lake! This captivating 4-bedroom, 3-bathroom lakefront home offers the perfect blend of comfort, charm, and timeless lake appealnestled on 1.31 acres of gently sloping waterfront in Penhook, VA. With 2,800 square feet of beautifully maintained living space, this home is designed for effortless indoor-outdoor living. Step onto the expansive wraparound

    Yancy Campbell Keeton & Co Real Estate

    95 Bull Run Trail, Penhook, VA 24137
  • /8

    $369,000

    • Land
    • 1.77 Acres
    • $208,475 per Acre

    1.77 AC Country Oak Rd, Penhook, VA 24137

    Exclusive Waterfront Opportunity—Private Cove with No Building Restrictions! Nestled at the end of the cul-de-sac, this secluded retreat offers unmatched privacy. A gated driveway winds through serene wooded surroundings, following a scenic stream, providing an unparalleled retreat. The adjoining acreage enhances the tranquil setting, ensuring lasting privacy. Essential utilities, including

    Genna Dickinson RAMSEY YEATTS & ASSOCIATES, REALTORS

    1.77 AC Country Oak Rd, Penhook, VA 24137
  • /2

    $25,000

    • Land
    • 0.38 Acre
    • $65,789 per Acre

    Lot 291 Dormie Ln, Penhook, VA 24137

    The Waters Edge- Enjoy this beautiful homesite conveniently located near The Waters Edge Country Club and amenities. The amenities include golf, tennis, pickleball, swimming, exercise and equestrian center.

    Vicki Millehan BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    Lot 291 Dormie Ln, Penhook, VA 24137
  • /34

    $25,000

    • Land
    • 0.84 Acre
    • $29,762 per Acre

    Lot 284 Cross Tower Dr, Penhook, VA 24137

    Welcome to The Waters Edge! Great building Lot, Mostly Wooded, Level Building Site with Privacy, Paved Roads. Hook up fees and septic system to be installed by purchaser.

    Alla Scott COLDWELL BANKER TOWNSIDE, REALTORS(r)

    Lot 284 Cross Tower Dr, Penhook, VA 24137
  • /77

    $1,975,000

    • 6 Beds
    • 4 Baths
    • 4,739 Sq Ft

    40 Sandpiper Cir, Penhook, VA 24137

    The Waters Edge-Experience breathtaking sunsets and expansive water views from this beautifully renovated lake home. Boasting a gentle slope to the dock, this property is perfect for entertaining and enjoying the waterfront lifestyle. Recent upgrades ensure modern comfort and convenience, while the spacious deck with composite, patio areas and double slip dock with new floater provide ample

    Vicki Millehan BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    40 Sandpiper Cir, Penhook, VA 24137
  • /103

    $1,844,999 Open Sun 1PM - 3PM

    • 4 Beds
    • 3.5 Baths
    • 3,648 Sq Ft

    40 Big Cove Dr, Penhook, VA 24137

    Your private Lakefront oasis! Walk into this fabulous home and view the stunning see through fireplace. This home, built in 2021 by the seller, has both rustic charm and modern elegance. Locally sourced hardwood floors add warmth and character to the spacious living areas. Expansive windows frame breathtaking panoramic views of Smith Mountain Lake, offering stunning sunrises. This home is

    Kermit Johnson COLDWELL BANKER TOWNSIDE, REALTORS(r)

    40 Big Cove Dr, Penhook, VA 24137
  • /11

    $22,000

    • Land
    • 0.54 Acre
    • $40,741 per Acre

    LOT 273 Niblicks Cir, Penhook, VA 24137

    Great wooded building lot in The Waters Edge CC community. Located on a quiet cul-de-sac with a short walk to the country club. The club is now a part of McConnell Golf family of clubs (15). Amenities include Golf (the course is in incredible shape), Tennis (club has a tennis pro that pairs player up on Mon/Wed/Fri), Pickleball, Pool, Fitness Room, Banquet Facilities, Dining and Equestrian

    Debbie Shelton BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    LOT 273 Niblicks Cir, Penhook, VA 24137
  • /12

    $35,000

    • Land
    • 0.78 Acre
    • $44,872 per Acre

    Lot 218A Hunterwood Cir, Penhook, VA 24137

    Beautiful, wooded cul-de-sac lot with views of golf driving range and club house. Extremely private and yet a convenient location with a short walk to the clubhouse (pool, tennis, fitness center, restaurant and equestrian center). Great place to relax and enjoy all the amenities in a place many call paradise. Lot has active membership. Any connection fees for well and septic are buyers'

    Debbie Shelton BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    Lot 218A Hunterwood Cir, Penhook, VA 24137
  • /13

    $64,900

    • Land
    • 0.42 Acre
    • $154,524 per Acre

    Lot 96 Sandwedge Cir, Penhook, VA 24137

    Beautiful partially wooded golf course lot with views of the 16th green and fairway. Also views of mountains including Smith Mountain. Convenient location with a short walk to the clubhouse (pool, tennis, fitness center, restaurant).

    Debbie Shelton BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    Lot 96 Sandwedge Cir, Penhook, VA 24137
  • /19

    $40,000

    • Land
    • 0.73 Acre
    • $54,795 per Acre

    Lot 383 Mountain Shore Dr, Penhook, VA 24137

    Approximately 3/4 acre flat lot in The Waters Edge Country Club Community. Great location with just a short walk to club, restaurant, golf, pool, tennis and equestrian center. Active club membership.

    Debbie Shelton BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    Lot 383 Mountain Shore Dr, Penhook, VA 24137
  • /21

    $499,000

    • Land
    • 1.65 Acres
    • $302,424 per Acre

    Lot 476 Southwood Dr, Penhook, VA 24137

    Large waterfront lot on Smith Mountain Lake with a view of the water and mountain! A spacious 1.65 acres adjoining 4 acres of open space, with a covered boat dock with storage. Mostly wooded, and located in the prestigious Water's Edge Golf Course & Country Club community with an active membership. The adjoining 1.91 acre lot is also currently for sale which borders another 4 acres of open space

    Debbie Shelton BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    Lot 476 Southwood Dr, Penhook, VA 24137
  • /26

    $699,000

    • Land
    • 1.91 Acres
    • $365,969 per Acre

    LOT 474 Southwood Dr, Penhook, VA 24137

    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 Shelton BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    LOT 474 Southwood Dr, Penhook, VA 24137
  • /11

    $99,900

    • Land
    • 0.50 Acre
    • $199,800 per Acre

    LOT 29 Waters Edge Dr, Penhook, VA 24137

    Rare find with water views from every direction on this level, water access lot at Smith Mountain Lake. Located in the beautiful community of The Water's Edge Golf Course and Country club with an active membership.

    Debbie Shelton BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    LOT 29 Waters Edge Dr, Penhook, VA 24137
  • /14

    $49,900

    • Land
    • 0.73 Acre
    • $68,356 per Acre

    LOT 377 Morgans Mill Dr, Penhook, VA 24137

    Beautiful wooded lot with water access to Smith Mountain Lake. Located in one of the most desirable neighborhoods, The Water's Edge Golf Course and Country Club with an active membership. Sellers have the plans for a Lindal Cedar home that would complement the property nicely!

    Debbie Shelton BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    LOT 377 Morgans Mill Dr, Penhook, VA 24137
  • /24

    $59,900

    • Land
    • 0.34 Acre
    • $176,176 per Acre

    Lot 178 Cross Harbor Dr, Penhook, VA 24137

    Discover your dream property at Waters Edge, a premier water access level lot that seamlessly borders the lush greens of the golf course.This exceptional lot features water and mountain views, creating a pleasant setting for your daily life. Residents of Waters Edge enjoy a wealth of amenities designed for an active and luxurious lifestyle, including golf, tennis, swimming, fitness facilities,

    Jody Lyons LYONS TEAM, REALTORS(r)

    Lot 178 Cross Harbor Dr, Penhook, VA 24137
  • /11

    $80,000

    • Land
    • 0.41 Acre
    • $195,122 per Acre

    Lot 12 Birdie Ln, Penhook, VA 24137

    The Waters Edge-This captivating corner lot boasts an impressive .41 acres with breathtaking views of sparkling waters and Smith Mountain views. The level terrain provides a solid foundation for your future home. With a community water system readily available, you'll benefit from the convenience of public water access. However, please note that the purchaser will be responsible for the septic

    Vicki Millehan BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    Lot 12 Birdie Ln, Penhook, VA 24137
  • /6

    $439,900

    • Land
    • 0.95 Acre
    • $463,053 per Acre

    0 Morgans Mill Dr Unit 806383, Penhook, VA 24137

    Active club membership ($30K fee to join club, paid by purchaser). Dock ( See attached dock plans, and photos) featuring Azek Composite Decking, Storage Building, and Floating Dock., zoned RPDOwner/Realtor.buyer responsible for installing septic and water hook-up

    Erik Plyler WATERMARK REALTY LLC

    0 Morgans Mill Dr Unit 806383, Penhook, VA 24137
  • /2

    $129,900

    • Land
    • 0.50 Acre
    • $259,800 per Acre

    LOT 126 Lands End Rd, Penhook, VA 24137

    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.

    Erik Plyler WATERMARK REALTY LLC

    LOT 126 Lands End Rd, Penhook, VA 24137
  • /64

    $3,490,000 Open House 7/04

    • 5 Beds
    • 6 Baths
    • 4,825 Sq Ft

    95 Shoreline Cir, Penhook, VA 24137

    Modern luxury meets panoramic lake and golf course views in this stunning waterfront estate at The Water's Edge Country Club, crafted by Sole Source Solution - Luxury Homes. Set on a rare, virtually flat lot with minimal stairs for main-level living, this almost 4900 sq ft residence combines architectural elegance, energy efficiency, and cutting-edge technology in one extraordinary package. The

    Courtney Greco EXP REALTY LLC - FOREST

    95 Shoreline Cir, Penhook, VA 24137
  • /94

    $1,099,000 New Construction

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

    Lot 243 Flagstick Ct, Penhook, VA 24137

    Stunning Golf Course Home with Expansive Windows & Main-Level Living! Enjoy maximum energy efficiency! ~2800 sq ft estate home with breathtaking golf course views. Bathed in natural light from abundant Pella windows and oversized sliders, this residence features an open-concept layout ideal for entertaining. The main level offers four spacious bedrooms and two and a half bathrooms, including a

    Courtney Greco EXP REALTY LLC - FOREST

    Lot 243 Flagstick Ct, Penhook, VA 24137

Why Live in Penhook

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 c...

Frequently Asked Questions

Is Penhook a good place to live?
Penhook is a good place to live. Penhook is considered very car-dependent and somewhat bikeable. Penhook is a neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. It is sparse in population with 0.1 people per acre and a median age of 62. The average household income is $115,059 which is above the national average. College graduates make up 41.9% of residents. A majority of residents in Penhook are home owners, with 10.6% of residents renting and 89.4% of residents owning their home. A local real estate agent serving Penhook can help you decide if this neighborhood is the right one for you. Learn more on our Penhook neighborhood guide.
Is Penhook, VA a safe neighborhood?
Penhook, VA is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
How much do you need to make to afford a house in Penhook?
The median home price in Penhook is $924,950. If you put a 20% down payment of $185,000 and had a 30-year fixed mortgage with an interest rate of 6.81%, your estimated principal and interest payment would be $4,830 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $207K a year to afford the median home price in Penhook. The average household income in Penhook is $115K.
What are the best public schools in Penhook?
The best public schools that serve Penhook are:
What are the most popular zip codes in Penhook, Penhook, VA?
The most popular zip codes in Penhook, Penhook, VA include 24121, 24151, 24101, 24014 and 24104.
What are the most popular neighborhoods near Penhook, Penhook, VA?
The most popular neighborhoods near Penhook, Penhook, VA are Garden City, Riverdale, Cave Spring, Southern Hills and South Roanoke.
Are home prices dropping in Penhook?
Yes, home prices in Penhook are down 31% in the last 12 months.

Home Trends in Penhook, VA

Housing Trends

Median Sale Price
$850,000
Median Single Family Sale Price
$947,500
Median Townhouse Sale Price
$1,295,000
Average Price Per Sq Ft
$357
Number of Homes for Sale
10
Last 12 months Home Sales
25
Months of Supply
4.80
Median List Price
$924,950
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-35%
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