$1,695,000
$200K PRICE DROP

Estimated payment $9,842/month

Total Views 7,768
8 Beds
6 Baths
6,596 Sq Ft
$257 Price per Sq Ft

Highlights

  • 1 Dock Slip
  • Cathedral Ceiling
  • Storage

About This Home

With a special use permit, this exceptional waterfront home presents a rare opportunity as a fully turnkey short-term rental or an effortless personal retreat--just in time for the summer season. Thoughtfully designed with generous living space across the upper, entry, and lower levels, the home offers the ideal layout to comfortably host guests while maintaining privacy throughout. The main level features multiple bedrooms and baths--an uncommon and highly desirable feature for lakefront living--along with a spacious kitchen that provides so much room for gathering and entertaining. Offered fully furnished, including linens, kitchenware, and décor (with only a few personal exclusions--see agent for details), this property is truly move-in or rental ready from day one. Tucked within a quiet, no-wake cove, the setting is perfect for relaxed lake days, swimming, and peaceful enjoyment of the water. The gentle approach to the shoreline enhances accessibility, while the brand-new aluminum dock creates an inviting space for lounging and lakeside living. Meticulously maintained as a second home, the property feels like new and showcases quality finishes throughout, including cherry hardwoods, tigerwood flooring, and soaring cathedral ceilings. Recent updates and features such as a 2025 whole-house generator, brand-new HVAC (being installed in May), separate heat pumps for each level, and gutter guards provide comfort, efficiency, and peace of mind. With no homeowners association, exceptional flexibility, and immediate usability, this property offers the ideal blend of investment potential and personal enjoyment in a serene waterfront setting.

Listing Agent

Jada Turner

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225194874 Listed on: 04/17/2026

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2011

Interior Spaces

  • Cathedral Ceiling
  • Storage
  • Laundry on main level
  • Built-In Microwave

Outdoor Features

  • 1 Dock Slip

Schools

  • Glade Hill Elementary School
  • Franklin County High School

Utilities

  • Heat Pump System
  • Private or Community Septic Tank
  • Septic System

Home Details

Home Type

Single Family

Year Built

Built in 2011

Lot Details

1.27 Acres

Listing Details

  • Interior Features: Cathedral Ceiling(s), Ceiling Fan(s), Storage, Walk-In Closet(s)
  • Heating System: Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Full
  • Major Appliances: Microwave Oven (Built In)
  • Cooling System: Heat Pump Electric
  • FullBathsFullBathsLowerLvl: 2
  • HalfBathsHalfBathsEntryLvl: 1
  • LaundryLaundryEntryLevel: 1
  • WaterDetailsNumberCoveredSlips: 1
  • Lot Size Acres: 1.27
  • Water Body Name: Smith Mtn Lake
  • Subdivision Name: Cedar Bay
  • Architectural Style: Contemporary
  • Property Attached Yn: No
  • ApprovalStatus: Yes
  • DelayedMarketingYN: No
  • OriginatingSystemPlatformID: T00000052
  • OriginatingSystemPlatformName: Flexmls
  • SourceSystemPlatformID: T00000052
  • SourceSystemPlatformName: Flexmls
  • ListAgentNationalAssociationId: 848061615
  • Contract Information: Lock Box: RVAR
  • General Property Description: Construction Status: Completed
  • General Property Description: Entry Above Grd Fin SQFT: 2698.0
  • General Property Description: Prim. Covered Prking: Garage Attached
  • General Property Description: Residential Type: Detached
  • General Property Description: Total Above Grd Fin SQFT: 3898
  • General Property Description: Upper Above Grd Fin SQFT: 1200.0
  • General Property Description: Water Class: Waterfront Property
  • Interior Features: Cathedral Ceiling(s), Ceiling Fan(s), Storage, Walk-In Closet(s)
  • Location, Legal & Taxes: Condo Assoc Y/N: No
  • Location, Legal & Taxes: Major Area: 04 - Franklin County
  • Location, Legal & Taxes: Phase: 9
  • Location, Legal & Taxes: Subdivision Map: Cedar Bay
  • Misc Features: Paved Road
  • Sewer Description: Private Septic
  • Showing Instructions: Other - See Remarks
  • Water Heater Type: Tank
  • General Property Description: Lower Below Grd Fin SQFT: 2698.0
  • Water Htr Energy: Electric
  • Contract Information: Lock Box Hours: Day Time
  • Water Details: Short Term Rental
  • Boat Dock Desc: Stationary
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Sewer: Private Septic
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Door Features: French Doors, Wood
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Window Features: Insulated Windows
  • BathroomsTotalDecimal: 5.5
  • General Property Description: Basement Y/N: Yes
  • Primary Bedrooms: Primary BR Entry Lvl: 1

Exterior Features

  • Lot Features: Gentle Sloping, Level
  • View: Lake
  • Waterfront Features: Cove
  • Waterfront: Yes
  • Construction Type: See Remarks, Stone
  • Other Structures: Shed(s)
  • Exterior Doors: French, Wood
  • General Property Description: Length of Waterfront: 113.0

Garage/Parking

  • Covered Parking Spaces: 2.0

Utilities

  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Well

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Ben Franklin Middle

Lot Info

  • Lot Size Sq Ft: 55321.2
  • Parcel #: 052 02-075 00
  • Zoning: A-1
  • Lot Description: Gentle Sloping, Level

Building Info

  • Year Built: 2011

Tax Info

  • Tax Annual Amount: 7495.0
  • Tax Block: 0
  • Tax Lot: 0
  • Tax Tract: 0

MLS Schools

  • Elementary School: Glade Hill
  • HighSchool: Franklin County

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $6,420 $1,493,000 $144,700 $1,348,300
2024 $6,420 $1,493,000 $144,700 $1,348,300
2023 $4,220 $691,800 $132,700 $559,100
2022 $4,220 $691,800 $132,700 $559,100
2021 $4,220 $691,800 $132,700 $559,100
2020 $4,220 $691,800 $132,700 $559,100
2019 $4,117 $674,900 $132,700 $542,200
2018 $4,117 $674,900 $132,700 $542,200
2017 $3,712 $730,100 $170,000 $560,100
2016 $3,712 $730,100 $170,000 $560,100
2015 $3,755 $695,400 $170,000 $525,400
2014 $3,755 $695,400 $170,000 $525,400
2013 $3,755 $695,400 $170,000 $525,400
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
08/27/2026 08/27/26 Price Changed $1,695,000 -10.6% $257 / Sq Ft
04/17/2026 04/17/26 For Sale $1,895,000 -- $287 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
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 Loan Amount Loan Type
Closed $207,000 Adjustable Rate Mortgage/ARM
Closed $200,000 Construction
Source: Public Records

Source: Roanoke Valley Association of REALTORS®

MLS Number: 926651

Roanoke Valley Association of REALTORS®

APN: 0520207500

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