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Smith Mountain Lake Real Estate for Sale

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200 Sweetwater Bay DR, Penhook, VA 24137 (MLS# 928704)

200 Sweetwater Bay DR, Penhook, VA 24137

$2,390,000
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Property Type: Residential Bedrooms: 9 Baths: 6 Square Footage: 4,150 Lot Size (sq. ft.): 49,658 Status: Active
Current Price: $2,390,000 List Date: 6/22/2026 Last Modified: 9/17/2026

Overview

Description

SHORT TERM RENTABLE WATERFRONT LUXURY AT ITS FINEST IN ONE OF SMITH MOUNTAIN LAKE'S MOST COVETED LOCATIONS! Welcome to your future extraordinary waterfront property where sophisticated design and spectacular construction come together in harmony. Set to be completed in October 2026, this exceptional Craftsman-inspired luxury estate is set on a rare, level waterfront lot with pristine water, expansive shoreline views, and an enviable location. With projected rental income exceeding $350,000 ANNUALLY, this is a truly exceptional opportunity to own your premier Smith Mountain lakefront property with both remarkable lifestyle appeal and substantial income potential. From the moment you arrive, the quality and craftsmanship are unmistakable. The timeless Craftsman architecture is complemented by durable cementitious siding and thoughtfully selected exterior finishes designed with curb appeal and top of the line materials in mind. Inside, the impressive 9-bedroom, 6-full-bath residence offer ... (Read more) SHORT TERM RENTABLE WATERFRONT LUXURY AT ITS FINEST IN ONE OF SMITH MOUNTAIN LAKE'S MOST COVETED LOCATIONS! Welcome to your future extraordinary waterfront property where sophisticated design and spectacular construction come together in harmony. Set to be completed in October 2026, this exceptional Craftsman-inspired luxury estate is set on a rare, level waterfront lot with pristine water, expansive shoreline views, and an enviable location. With projected rental income exceeding $350,000 ANNUALLY, this is a truly exceptional opportunity to own your premier Smith Mountain lakefront property with both remarkable lifestyle appeal and substantial income potential. From the moment you arrive, the quality and craftsmanship are unmistakable. The timeless Craftsman architecture is complemented by durable cementitious siding and thoughtfully selected exterior finishes designed with curb appeal and top of the line materials in mind. Inside, the impressive 9-bedroom, 6-full-bath residence offers an inviting open-concept design, with an 8-bedroom septic system and community-maintained offsite well. Soaring vaulted ceilings accented by shiplap, walls of natural light, and elevated finishes create an atmosphere that feels simultaneously grand and effortlessly luxurious. At the heart of the home is a spectacular gourmet kitchen designed to bring people together. Custom cabinetry, a statement farmhouse sink, designer vent hood, generous counter space, and an expansive gathering area create the perfect setting for everything from relaxed family breakfasts to unforgettable dinners with a house full of guests. The kitchen flows seamlessly into the main living and dining areas and opens to the covered outdoor dining porch, making entertaining truly at your fingertips. Throughout the home, every space has been thoughtfully curated for your future indulgence. Beautifully tiled showers add a sophisticated touch, while the luxurious primary suite provides a peaceful escape overlooking the lake. Its spa-inspired bathroom features a spacious walk-in shower and tranquil water views, creating the perfect place to unwind after a long day on the lake.

Supplements: Modern smart-home technology adds an additional layer of modern touch, with smart thermostats and integrated technology systems thoughtfully incorporated throughout the property to enhance functionality. The outdoor living spaces allow the escape to continue. Multiple expansive covered porches dramatically extend the living area and feature rich ce ... (Read more) Modern smart-home technology adds an additional layer of modern touch, with smart thermostats and integrated technology systems thoughtfully incorporated throughout the property to enhance functionality. The outdoor living spaces allow the escape to continue. Multiple expansive covered porches dramatically extend the living area and feature rich cedar tongue-and-groove ceilings, a stone fireplace, and television -- creating an inviting setting for your morning coffee, watching the sunrise on the lake. The heated saltwater pool, equipped with Omni Smart controls, provides the perfect centerpiece for summer days spent lakeside. Just beyond, a Hot Spring 8-person hot tub invites you to relax while taking in sweeping views of the water. The poolside recreation room elevates entertaining even further, complete with a wet bar and cascading glass doors that seamlessly connect the spaces. And then there is the dock -- a destination all its own. The impressive covered waterfront dock features an upper-level party deck, enclosed bar area, and abundant room for anything your heart desires. THIS IS EVERYTHING YOU NEED, AND MORE! DON'T MISS OUT ON THIS BLESSING! Buyers and Buyer's Agent to independently verify all property information. Rental income is projected and is not guaranteed. Interior and exterior photos 14-56 shown are of the model home upon which this completed residence was based and may not represent the exact finishes, furnishings, landscaping, or features of the subject property.

Listing Details MLS# 928704

Location, Tax & Legal

Area
1690 - SML Pittsylvania County
Street Number
200
Street Name
Sweetwater Bay
Street Suffix
DR
State/Province
VA
Zip Code
24137
Subdivision
Sanctuary Village
Municipality
Pittsylvania County
Elementary School
Other - See Remarks
Middle School
Other - See Remarks
High School
Other - See Remarks
Major Area
16 - Pittsylvania County
Phase
0
Lot
19
Block
No
Tax ID
1563-74-5134
Annual Taxes
1833
Section
No
POA Y/N
No

General Property Description

Property Sub-Type
Single Family Residence
Residential Type
Detached
Construction Status
Under Construction
Year Built
2026
Total Bdrm
9
Total Bths
6
Total F Baths
6
Entry Above Grd Fin SQFT
1617
Upper Above Grd Fin SQFT
522
Lower Below Grd Fin SQFT
2011
Total Fnshd SqFt
4150
Total Above Grd Fin SQFT
2139
Grand Total Attached SQFT
4150
Basement Y/N
Yes
Prim. Covered Prking
N/A
Add'l Covered Prkng
Not Applicable
Lot Dimensions
1.14
Total Acreage
1.14
Water Class
Waterfront Property
Water ID
Smith Mtn Lake
Length of Waterfront
150
Other Above Grd Fin SQFT
0
Total Unfin SQFT
0
Total Cov'd Prk Spc
0

Primary Bedrooms

Primary BR Entry Lvl
Yes

Bedrooms

BR Entry Level
2
BR Upper Level
2
BR Lower Level
5

Full Baths

Full Baths Entry Lvl
2
Full Baths Upper Lvl
Yes
Full Baths Lower Lvl
3

More Information

Laundry

Laundry Entry Level
Yes

Remarks & Misc

Public Remarks
SHORT TERM RENTABLE WATERFRONT LUXURY AT ITS FINEST IN ONE OF SMITH MOUNTAIN LAKE'S MOST COVETED LOCATIONS! Welcome to your future extraordinary waterfront property where sophisticated design and spectacular construction come together in harmony. Set to be completed in October 2026, this exceptional Craftsman-inspired luxury estate is set on a rare, level waterfront lot with pristine water, expansive shoreline views, and an enviable location. With projected rental income exceeding $350,000 ANNUALLY, this is a truly exceptional opportunity to own your premier Smith Mountain lakefront property with both remarkable lifestyle appeal and substantial income potential. From the moment you arrive, the quality and craftsmanship are unmistakable. The timeless Craftsman architecture is complemented by durable cementitious siding and thoughtfully selected exterior finishes designed with curb appeal and top of the line materials in mind. Inside, the impressive 9-bedroom, 6-full-bath residence offers an inviting open-concept design, with an 8-bedroom septic system and community-maintained offsite well. Soaring vaulted ceilings accented by shiplap, walls of natural light, and elevated finishes create an atmosphere that feels simultaneously grand and effortlessly luxurious. At the heart of the home is a spectacular gourmet kitchen designed to bring people together. Custom cabinetry, a statement farmhouse sink, designer vent hood, generous counter space, and an expansive gathering area create the perfect setting for everything from relaxed family breakfasts to unforgettable dinners with a house full of guests. The kitchen flows seamlessly into the main living and dining areas and opens to the covered outdoor dining porch, making entertaining truly at your fingertips. Throughout the home, every space has been thoughtfully curated for your future indulgence. Beautifully tiled showers add a sophisticated touch, while the luxurious primary suite provides a peaceful escape overlooking the lake. Its spa-inspired bathroom features a spacious walk-in shower and tranquil water views, creating the perfect place to unwind after a long day on the lake.
Directions
Old Franklin Tpke. to left on Old Mountain rd left on Smith mt. Rd. to right onto Sanctuary Bay rd to end, property on Left

Style of House

1.5 Story
Yes
Contemporary
Yes

Limited Service

Not Limited Service
Yes

Lot Description

Level
Yes
Secluded
Yes

Construction

Other - See Remarks
Yes

Basement

Partial
Yes
Walk-Out Access
Yes

Heating

Heat Pump Electric
Yes

Cooling

Heat Pump Electric
Yes

Water Description

Private Well
Yes

Sewer Description

Private Septic
Yes

Floors

Tile - i.e. ceramic
Yes

Property Features

Style of House: 1.5 Story; Contemporary Limited Service: Not Limited Service Lot Description: Level; Secluded Construction: Other - See Remarks Basement: Partial; Walk-Out Access Heating: Heat Pump Electric Cooling: Heat Pump Electric Floors: Tile - i.e. ceramic Water Description: Private Well Sewer Description: Private Septic
Listing Office: VIRGINIA REALTY GROUP
Last Updated: September - 17 - 2026
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dba Deb Beran Properties
6655 Scruggs Road
Moneta, VA 24121
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540-529-4229 Cell

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