$2,950,000
NEW CONSTRUCTION

51 Island View Dr Penhook, VA 24137

Penhook Area

Estimated payment $16,664/month

5 Beds
5.5 Baths
5,880 Sq Ft
$502 Price per Sq Ft

Highlights

  • 118 Feet of Waterfront
  • Golf Course Community
  • Lake View
  • 2 Dock Slips
  • New Construction
  • Wolf Appliances

About This Home

Experience exceptional Smith Mountain Lake living in this stunning new construction waterfront home in The Water's Edge. Offering 5 bedrooms, 5.5 baths and 5,880 finished sq. ft. across three beautifully appointed levels, the home features a private master suite on each floor. The open-concept main level showcases hardwood floors, custom built-ins, multiple fireplaces and a gourmet kitchen with Wolf, Sub-Zero and Cove appliances, quartz countertops, custom maple cabinetry and a 10-foot island. Enjoy a screened porch with fireplace overlooking the lake, lake-level kitchenette, heated tile floors, exceptional storage and an EV-ready two-car garage. Professionally landscaped grounds feature irrigation, lighting, paver patios, firepit and a private dock with boat and PWC lifts. Luxury,

Listing Agent

Jane Sullivan Horne

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225147263 Listed on: 07/31/2026

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,344

Year Built

  • Built in 2026 | New Construction

Lot Details

  • 32,670 Sq Ft Lot
  • 118 Feet of Waterfront
  • Property is zoned RPD

HOA Fees

  • $20 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • Sliding Doors
  • Living Room with Fireplace
  • 2 Fireplaces
  • Recreation Room with Fireplace
  • Storage
  • Lake Views
  • Wolf Appliances
  • Basement

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Personal Watercraft Lift
  • Rip-Rap
  • Dock has a Storage Area
  • Boat Hoist or Davit
  • 2 Dock Slips
  • Deck
  • Patio

Schools

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

Utilities

  • Heat Pump System
  • Underground Utilities
  • Tankless Water Heater
  • Propane Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 48

Community Details

Overview

  • The Waters Edge Poa
  • The Waters Edge Subdivision

Recreation

  • Golf Course Community
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,344

Year Built

Built in 2026 | New Construction

Lot Details

0.75 Acres

HOA Fees

$20 per month

Listing Details

  • Interior Features: Bookcases, Ceiling Fan(s), Storage, Walk-In Closet(s)
  • Heating System: Heat Pump Electric
  • Fireplace(s): Living Room, Other - See Remarks, Recreation Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Full, Walk-Out Access
  • Major Appliances: Clothes Dryer, Clothes Washer, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Deck, Patio
  • Views: Lake
  • BedroomsBREntryLevel: 3
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 2421.00
  • ExteriorDoors: Sliding, Wood
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsLowerLvl: 2
  • HalfBathsHalfBathsEntryLvl: 1
  • Internet Access: Cable
  • LaundryLaundryEntryLevel: 1
  • LengthOfWaterfront: 118.00
  • LowerBelowGrdFin Sq Ft: 1975.00
  • Major Area: 04 - Franklin County
  • MasterBedroomsMasterBRLowerLvl: 1
  • MasterBedroomsMasterBRUpperLvl: 1
  • NumberPrimCovSpaces: 2.00
  • P O A Condo Contact Name: The Waters Edge POA
  • POACondoDues: 240.00
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • Primary Covered Parking S Q F T: 606
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: Contemporary
  • SubdivisionMap: The Waters Edge
  • Total Above Grd Fin S Q F T: 3905
  • TotalBdrm: 5
  • TotalBths: 5.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 5
  • Total Finished Sq Ft: 5880.00
  • TotalHBaths: 1
  • UpperAboveGrdFin Sq Ft: 1484.00
  • Water Class: Waterfront Property
  • WaterDetailsNumberCoveredSlips: 2
  • Water Htr Energy: Propane
  • WaterID: Smith Mtn Lake
  • YardSign: No
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

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

Association/Amenities

  • Misc Features: New Construction, Underground Util

Green Features

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

Lot Info

  • Lot Description: Gentle Sloping
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.75
  • Lot: 48
  • ZoningCode: RPD

Building Info

  • Year Built: 2026

Tax Info

  • Taxes (6 mo): 5343.90

MLS Schools

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

Map

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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
07/31/2026 07/31/26 For Sale $2,950,000 -- $502 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Source: Roanoke Valley Association of REALTORS®

MLS Number: 929958

Roanoke Valley Association of REALTORS®
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