Seller's Agent in 2025
David Simon
WAINWRIGHT & CO., REALTORS(r)- LAKE
(434) 426-1520
6 in this area
118 Total Sales
40 Bay Front Rd Penhook, VA 24137
4
Beds
3.5
Baths
3,602
Sq Ft
0.81
Acres
Highlights
- Boat Ramp
- Water Access
- Deck
- Golf Course Community
- Lake View
- Contemporary Architecture
About This Home
As of December 2025For the first time in 30 years, this inviting lake-view home is available in the highly desirable Water's Edge neighborhood. Located on a beautifully landscaped lot with mature trees, outdoor gardens, and stunning views of the lake, this property offers both privacy and natural beauty in a truly special setting.The home exudes a charm and authenticity that's increasingly rare. The open floor plan features a soaring great room with cathedral ceilings and a fireplace with stone hearth, flowing effortlessly into a spacious kitchen designed for both everyday living and entertaining.A separate dining room allows for large family gathering, while the main-level primary suite includes lake views, a walk-in closet, and a calming sense of retreat. Two additional bedrooms complete the
Last Agent to Sell the Property
WAINWRIGHT & CO., REALTORS(r)- LAKE License #0225104207 Listed on: 07/24/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,588
Year Built
- Built in 1990
Lot Details
- 0.81 Acre Lot
- Lot Dimensions are 215 x 115
- Property is zoned RPD
HOA Fees
- $17 Monthly HOA Fees
Home Design
- Contemporary Architecture
- Stone Siding
Interior Spaces
- Cathedral Ceiling
- Skylights
- Sliding Doors
- Great Room with Fireplace
- Lake Views
- Basement
- Fireplace in Basement
Kitchen
- Electric Range
- Dishwasher
- Compactor
Bedrooms and Bathrooms
- 4 Bedrooms | 3 Main Level Bedrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Off-Street Parking
Outdoor Features
- Water Access
- Deck
- Patio
Schools
- Glade Hill Elementary School
- Ben Franklin Middle School
- Franklin County High School
Utilities
- Heat Pump System
- Underground Utilities
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 156
Community Details
Overview
- Jim Weaver Association
- The Waters Edge Subdivision
Recreation
- Boat Ramp
- Boat Dock
- Golf Course Community
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 24, 2025
Closed on
Nov 20, 2025
Sold by
Arkell Judith A
Bought by
Frank David B and Grant Barbara A
Seller's Agent
David Simon
WAINWRIGHT & CO., REALTORS(r)- LAKE
Buyer's Agent
Amy Campbell
RE/MAX LAKEFRONT REALTY INC
List Price
$750,000
Sold Price
$645,000
Premium/Discount to List
-$105,000
-14%
Views
192
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2111.78%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $645,000 | Old Republic National Title In |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/23/2025 12/23/25 | Sold | $645,000 | -4.4% | $179 / Sq Ft |
| 11/08/2025 11/08/25 | Pending | -- | -- | -- |
| 10/20/2025 10/20/25 | Price Changed | $675,000 | -3.6% | $187 / Sq Ft |
| 09/13/2025 09/13/25 | Price Changed | $700,000 | -6.7% | $194 / Sq Ft |
| 08/08/2025 08/08/25 | For Sale | $750,000 | -- | $208 / Sq Ft |
Source: Roanoke Valley Association of REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,589 | $602,000 | $55,000 | $547,000 |
| 2024 | $2,589 | $602,000 | $55,000 | $547,000 |
| 2023 | $2,565 | $420,500 | $50,000 | $370,500 |
| 2022 | $2,565 | $420,500 | $50,000 | $370,500 |
| 2021 | $2,565 | $420,500 | $50,000 | $370,500 |
| 2020 | $2,565 | $420,500 | $50,000 | $370,500 |
| 2019 | $2,641 | $433,000 | $65,000 | $368,000 |
| 2018 | $2,641 | $433,000 | $65,000 | $368,000 |
| 2017 | $2,382 | $396,000 | $40,000 | $356,000 |
| 2016 | $2,382 | $396,000 | $40,000 | $356,000 |
| 2015 | -- | $396,000 | $40,000 | $356,000 |
| 2014 | -- | $396,000 | $40,000 | $356,000 |
| 2013 | -- | $396,000 | $40,000 | $356,000 |
Source: Public Records
Agents Affiliated with this Home
-
David Simon
-
Amy Campbell
Buyer's Agent in 2025
Amy Campbell
RE/MAX
(540) 420-0275
1 in this area
32 Total Sales
Map
Source: Roanoke Valley Association of REALTORS®
MLS Number: 919478
APN: 0510706100
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