250 Mountain Vista DR, Penhook, VA 24137

$3,450,000

Mountain Vista Dr Main Level with Garage

Property Type: Residential Bedrooms: 9 Baths: 7.1 Square Footage: 4,410 Lot Size (sq. ft.): 29,621 Status: Active

Current Price: $3,450,000 List Date: 8/19/2026 Last Modified: 8/19/2026

Overview

Description

LAKEFRONT ESTATE ~Stunning Mountain views & MAXIMUM RENTAL INCOME 9 beds/8 baths~ Slated for completion in May 2027, this extraordinary new construction is designed to bring together everything that makes Smith Mountain Lake special: beautiful mountain views, wrap around waterfront with a large covered dock, heated salt water pool, incredible outdoor living, plenty of space for family and friends, and the opportunity to generate substantial short-term rental income. With approximately 4,400 square feet of uniquely designed living spaces, there is room here for everyone to spread out and settle in, while also finding personal retreat. The home also features an expansive lower level overlooking the pool and lake with additional living space, creating even more flexibility for guests, entertaining, or simply enjoying extra room. A separate guest house with a covered walkway and courtyard in between adds another level of privacy and versatility, making this property especially well-suited ... (Read more) LAKEFRONT ESTATE ~Stunning Mountain views & MAXIMUM RENTAL INCOME 9 beds/8 baths~ Slated for completion in May 2027, this extraordinary new construction is designed to bring together everything that makes Smith Mountain Lake special: beautiful mountain views, wrap around waterfront with a large covered dock, heated salt water pool, incredible outdoor living, plenty of space for family and friends, and the opportunity to generate substantial short-term rental income. With approximately 4,400 square feet of uniquely designed living spaces, there is room here for everyone to spread out and settle in, while also finding personal retreat. The home also features an expansive lower level overlooking the pool and lake with additional living space, creating even more flexibility for guests, entertaining, or simply enjoying extra room. A separate guest house with a covered walkway and courtyard in between adds another level of privacy and versatility, making this property especially well-suited for large families, multi-generational gatherings, or those looking for a vacation home that can comfortably accommodate a crowd. Outside is where this property really comes to life. Expansive covered porches are designed to take full advantage of the lake and mountain setting, while a heated salt water in-ground pool with a dedicated lounge area and hot tub creates the kind of outdoor space that makes you want to stay all day. And, of course, the property will include a private dock that is already built and approved by AEP, giving you easy access to the water and all that Smith Mountain Lake has to offer. Picture slow mornings overlooking the mountains, afternoons on the lake, and evenings gathered around the pool or hot tub as the sun goes down. This is lake living at its best. Located in the heart of Smith Mountain Lake, the property offers both the lifestyle people come here for and the potential to make it a truly impressive investment. The home is eligible for short-term rental use, and the opportunity here is significant. A similar plan built by the same team just two years ago has already demonstrated strong rental performance, providing a real-world foundation for the projected approximately $400,000 in gross annual rental income. THIS HOME TRULY checks all the boxes. The buzz around this property is well deserved. New construction, breathtaking mountain views, waterfront living, a private dock, pool, hot tub, guest house, nine bedrooms, and significant rental potential--opportunities like this at Smith Mountain Lake don't come along often. Completion is anticipated for May 2027, giving you the opportunity to FULLY CUSTOMIZE! Additionally, for the next 30 DAYS, buyers have the opportunity to add a garage! All information to be independently verified by buyer and buyer's agent. Photos included show a recently built model home that closely resembles the subject home, but please note upgrades are included!

Listing Details MLS# 930533

Location, Tax & Legal

Area: 1690 - SML Pittsylvania County
Street Number: 250
Street Name: Mountain Vista
Street Suffix: DR
State/Province: VA
Zip Code: 24137
Subdivision: Sanctuary Bay
Municipality: Pittsylvania County
Elementary School: Glade Hill
Middle School: Ben Franklin Middle
High School: Franklin County
Major Area: 16 - Pittsylvania County
Phase: 0
Lot: 6
Block: No
Tax ID: 1563849612
Annual Taxes: 1000
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: 7.1
Total F Baths: 7
Total H Baths: Yes
Entry Above Grd Fin SQFT: 1800
Upper Above Grd Fin SQFT: 605
Lower Below Grd Fin SQFT: 2005
Total Fnshd SqFt: 4410
Total Above Grd Fin SQFT: 2405
Grand Total Attached SQFT: 4410
Basement Y/N: Yes
Prim. Covered Prking: Other - See Remarks
Add'l Covered Prkng: Other
Lot Dimensions: 0.68
Total Acreage: 0.68
Water Class: Waterfront Property
Water ID: Smith Mtn Lake
Length of Waterfront: 123
Entry Below Grd Fin SQFT: 0
Other Above Grd Fin SQFT: 0
Other Below Grd Fin SQFT: 0
Detached 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: 4
BR Other Level: Yes

Full Baths

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

More Information

Half Baths

Half Baths Lower Lvl: Yes

Laundry

Laundry Entry Level: Yes

Water Details

Number Covered Slips: Yes
Short Term Rental: Yes

Remarks & Misc

Public Remarks: LAKEFRONT ESTATE ~Stunning Mountain views & MAXIMUM RENTAL INCOME 9 beds/8 baths~ Slated for completion in May 2027, this extraordinary new construction is designed to bring together everything that makes Smith Mountain Lake special: beautiful mountain views, wrap around waterfront with a large covered dock, heated salt water pool, incredible outdoor living, plenty of space for family and friends, and the opportunity to generate substantial short-term rental income. With approximately 4,400 square feet of uniquely designed living spaces, there is room here for everyone to spread out and settle in, while also finding personal retreat. The home also features an expansive lower level overlooking the pool and lake with additional living space, creating even more flexibility for guests, entertaining, or simply enjoying extra room. A separate guest house with a covered walkway and courtyard in between adds another level of privacy and versatility, making this property especially well-suited for large families, multi-generational gatherings, or those looking for a vacation home that can comfortably accommodate a crowd. Outside is where this property really comes to life. Expansive covered porches are designed to take full advantage of the lake and mountain setting, while a heated salt water in-ground pool with a dedicated lounge area and hot tub creates the kind of outdoor space that makes you want to stay all day. And, of course, the property will include a private dock that is already built and approved by AEP, giving you easy access to the water and all that Smith Mountain Lake has to offer. Picture slow mornings overlooking the mountains, afternoons on the lake, and evenings gathered around the pool or hot tub as the sun goes down. This is lake living at its best. Located in the heart of Smith Mountain Lake, the property offers both the lifestyle people come here for and the potential to make it a truly impressive investment. The home is eligible for short-term rental use, and the opportunity here is significant. A similar plan built by the same team just two years ago has already demonstrated strong rental performance, providing a real-world foundation for the projected approximately $400,000 in gross annual rental income. THIS HOME TRULY checks all the boxes. The buzz around this property is well deserved. New construction, breathtaking mountain views, waterfront living, a private dock, pool, hot tub, guest house, nine bedrooms, and significant rental potential--opportunities like this at Smith Mountain Lake don't come along often. Completion is anticipated for May 2027, giving you the opportunity to FULLY CUSTOMIZE! Additionally, for the next 30 DAYS, buyers have the opportunity to add a garage! All information to be independently verified by buyer and buyer's agent. Photos included show a recently built model home that closely resembles the subject home, but please note upgrades are included!
Directions: FROM HFB: 122 SOUTH, L ON 616, R ON 834 TO 40 EAST. 40 E TO PENHOOK, L 645, L ON 626 TO SANCTUARY BAY ON RIGHT.

Style of House

1.5 Story: Yes

Limited Service

Not Limited Service: Yes

Lot Description

Gentle Sloping: Yes

Construction

Stone: Yes

Basement

Full: Yes

Views

Lake: Yes

Heating

Heat Pump Electric: Yes

Misc Features

New Construction: Yes

Cooling

Heat Pump Electric: Yes

Water Description

Private Well: Yes

Sewer Description

Private Septic: Yes

Interior Features

Breakfast Area: Yes
Cathedral Ceiling(s): Yes
Storage: Yes

Exterior Features

Deck: Yes
Hot Tub: Yes
In-Ground Pool: Yes
Patio: Yes

Floors

Luxury Vinyl Plank: Yes

Boat Dock Desc

Boat Hoist: Yes
Storage/Util Bldg: Yes

Property Features

Style of House: 1.5 Story Limited Service: Not Limited Service Lot Description: Gentle Sloping Construction: Stone Basement: Full Heating: Heat Pump Electric Cooling: Heat Pump Electric Interior Features: Breakfast Area; Cathedral Ceiling(s); Storage Exterior Features: Deck; Hot Tub; In-Ground Pool; Patio Views: Lake Misc Features: New Construction Floors: Luxury Vinyl Plank Water Description: Private Well Sewer Description: Private Septic Boat Dock Desc: Boat Hoist; Storage/Util Bldg Water Details: Short Term Rental

Listing Office: VIRGINIA REALTY GROUP

Last Updated: August - 19 - 2026

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250 Mountain Vista DR, Penhook, VA 24137 (MLS# 930533)