NOT LISTED FOR SALE

405 Island View Dr Penhook, VA 24137

Penhook Area

Estimated Value: $2,877,000 - $3,052,000

4 Beds
4.5 Baths
5,765 Sq Ft
$513/Sq Ft Est. Value

Sale Details

Date Sold: June 20, 2025

Last sale price $2,900,000 $503 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $17,172 / mo

45 Days on Market

Highlights

  • 113 Feet of Waterfront
  • Golf Course Community
  • Contemporary Architecture
  • 1 Dock Slip
  • Lake View
  • Family Room with Fireplace

About This Home

As of June 2025

The Waters Edge-Nestled on a gentle slope overlooking breathtaking channel views, this exquisite residence, crafted in 2007 by renowned architect Anthony Veloso and premier builder Charles Lynch, offers the perfect blend of elegance and functionality. Enjoy stunning sunsets and picturesque water views from your private oasis. Built with Hardie fiber and Tennessee fieldstone exterior, and featuring 2 x 6 construction on all outer walls for optimal insulation and generous windowsills. Experience the warmth of Carlisle wide plank pine flooring throughout the main level. The spacious living room boasts a 12-foot coffered ceiling, a masonry wood-burning fireplace with gas logs, and a wet bar with a Sub-Zero wine chiller. The gourmet kitchen is a chef's dream, equipped with high-end appliances

Last Agent to Sell the Property

Vicki Millehan

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225015182 Listed on: 03/14/2025

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Last Buyer's Agent

Vicki Millehan

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225015182 Listed on: 03/14/2025

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,995

Year Built

  • Built in 2007

Lot Details

  • 25,265 Sq Ft Lot
  • 113 Feet of Waterfront
  • Cul-De-Sac
  • Gentle Sloping Lot

HOA Fees

  • $17 Monthly HOA Fees

Property Views

  • Lake
  • Mountain

Home Design

  • Contemporary Architecture
  • Stone Siding
  • Hardboard

Interior Spaces

  • Central Vacuum
  • Wired For Sound
  • Bookcases
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Drapes & Rods
  • French Doors
  • Family Room with Fireplace
  • 2 Fireplaces
  • Great Room with Fireplace
  • Alarm System

Kitchen

  • Built-In Oven
  • Gas Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Car Attached Garage
  • 6 Open Parking Spaces
  • Garage Door Opener

Outdoor Features

  • Rip-Rap
  • Dock has a Storage Area
  • Boat Hoist or Davit
  • 1 Dock Slip
  • Covered Dock
  • Covered Patio or Porch
  • Outdoor Gas Grill

Schools

  • Glade Hill Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 71

Community Details

Overview

  • Scott Kula Association
  • The Waters Edge Subdivision

Amenities

  • Restaurant

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,995

Year Built

Built in 2007

Lot Details

0.58 Acres

HOA Fees

$17 per month

Listing Details

  • Interior Features: Alarm, All Drapes, Audio-Video Wired, Book Shelves, Cathedral Ceiling, Gas Log Fireplace, Masonry Fireplace
  • Heating System: Heat Pump Gas, Zoned Heat
  • Fireplace(s): Family Room, Great Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Central Vacuum, Clothes Dryer, Clothes Washer, Dishwasher, Garage Door Opener, Microwave Oven (Built In), Range Gas, Refrigerator, Wall Oven
  • Cooling System: Heat Pump Electric, Zoned Cooling
  • Outside Features: Covered Porch, Gas Grill & Line, Patio, Paved Driveway
  • Views: Lake, Mountain, Sunset
  • BedroomsBREntryLevel: 1
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 2800.00
  • ExteriorDoors: French, Full View
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsLowerLvl: 2
  • HalfBathsHalfBathsEntryLvl: 1
  • Internet Access: Cable
  • InternetAccessCurntInternetProv: Shentel
  • LaundryLaundryEntryLevel: 1
  • LaundryLaundryLowerLevel: 1
  • LengthOfWaterfront: 113.00
  • LowerBelowGrdFin Sq Ft: 2300.00
  • Major Area: 04 - Franklin County
  • NumberPrimCovSpaces: 3.00
  • P O A Condo Contact Name: Scott Kula
  • POACondoDues: 200.00
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: Contemporary
  • SubdivisionMap: The Waters Edge
  • Total Above Grd Fin S Q F T: 3465
  • TotalBdrm: 4
  • TotalBths: 4.10
  • TotalCovdPrkSpc: 3.00
  • TotalFBaths: 4
  • Total Finished Sq Ft: 5765.00
  • TotalHBaths: 1
  • UncoveredNumberSpaces: 6.00
  • UpperAboveGrdFin Sq Ft: 665.00
  • Water Class: Waterfront Property
  • WaterDetailsNumberCoveredSlips: 1
  • Water Htr Energy: Electric
  • WaterID: Smith Mtn Lake
  • YardSign: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch, Rear Porch

Utilities

  • Sewer Description: Private Septic
  • Water Description: Community System
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Cable TV, Cul-de-sac, Underground Util

Green Features

  • Energy Features: 2 X 6 Exterior Walls
  • Water Features: Cove, Riprap Shoreline

Lot Info

  • Lot Description: Gentle Slope
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.58
  • Lot: 71

Building Info

  • Year Built: 2007

Tax Info

  • Taxes (6 mo): 11995.37

MLS Schools

  • Elementary School: Glade Hill
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2025
Closed on
Jun 18, 2025
Sold by
Bought by
Seller's Agent
Vicki Millehan
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Buyer's Agent
Vicki Millehan
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
List Price
$3,375,000
Sold Price
$2,900,000
Premium/Discount to List
-$475,000
-14.07%
Views
59
Current Estimated Value
$2,956,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,085
Avg. Annual Appreciation
1.82%
Original Mortgage
$1,500,000
Interest Rate
0.0525%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2005
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,900,000 Fidelity National Title
$650,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,500,000
Previous Owner $417,000
Previous Owner $1,500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/20/2025 06/20/25 Sold $2,900,000 -14.1% $503 / Sq Ft
04/28/2025 04/28/25 Pending -- -- --
03/14/2025 03/14/25 For Sale $3,375,000 -- $585 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,581 $2,925,700 $635,000 $2,290,700
2024 $12,581 $2,925,700 $635,000 $2,290,700
2023 $9,686 $1,587,800 $630,000 $957,800
2022 $9,686 $1,587,800 $630,000 $957,800
2021 $9,686 $1,587,800 $630,000 $957,800
2020 $9,686 $1,587,800 $630,000 $957,800
2019 $9,370 $1,536,000 $630,000 $906,000
2018 $9,370 $1,536,000 $630,000 $906,000
2017 $8,448 $1,348,400 $555,000 $793,400
2016 $8,448 $1,348,400 $555,000 $793,400
2015 $7,281 $1,348,400 $555,000 $793,400
2014 $7,281 $1,348,400 $555,000 $793,400
2013 $7,281 $1,348,400 $555,000 $793,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 915248

Roanoke Valley Association of REALTORS®

APN: 0510607100

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