Penhook Homes under $700,000

Penhook Homes under $700,000

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Newest Penhook Homes under $700,000

255 Plantation Dr, Penhook
$650,000
2 Beds ⋅ 2 Baths ⋅ 930851 MLS
Escape to the peace and privacy of country living just minutes from beautiful Smith Mountain Lake! Situated on more than 6 picturesque acres, this unique Penhook property offers the perfect blend of a beautifully renovated home, income-producing potential, and space for hobbies, animals, or equipment. The completely renovated 1950 cottage features approximately 2,500 square feet of one-level living with 2 bedrooms and 2 full baths. Inside, you'll find warm hardwood floors, granite countertops, updated finishes, and a spacious, comfortable layout that combines classic charm with modern convenience. Hardwired for stereo and security. An oversized attached single-car garage includes an automotive lift, making it a dream setup for car enthusiasts, hobbyists, or anyone needing a premium workshop space. Zoned A-1, the property is fenced and ready for a variety of uses. Outdoor improvements include a small barn/shed, a separate storage building, a tractor shed for equipment, and a spring fed pond that creates a peaceful backdrop for relaxing evenings or weekend fishing. Adding exceptional value are two single-wide mobile homes currently generating rental income of $700 per month each, providing an excellent opportunity to offset expenses or expand your investment portfolio. Whether you're looking for a primary residence with supplemental income, a small homestead, or a versatile country retreat, this property offers possibilities that are hard to find. Enjoy the best of both worlds--quiet rural living with room to roam, yet just a short drive from Smith Mountain Lake, marinas, public boat launches, restaurants, shopping, and recreation. Bring your animals, your toys, your hobbies, and your vision--this one-of-a-kind property is ready to welcome you home.

255 Plantation Dr, Penhook

268 Sweetwater Bay Dr, Penhook
$649,900
3 Beds ⋅ 3 Baths ⋅ 927363 MLS
Perched atop a breathtaking rolling landscape with sweeping views of Smith Mountain Lake, this special 3-acre retreat offers a rare blend of natural beauty, privacy, and outdoor recreation. Surrounded by pastoral scenery with 45+ acres of open pasture stretching across the front yard and over 5,000 acres of the Smith Mountain Cooperative Wildlife Management Area bordering the backyard, the setting is truly one-of-a-kind. From sunset over the lake to wildlife roaming the fields and mountains beyond, every direction offers a view worth capturing. Designed for comfortable one-level living, the home also features a full unfinished basement, providing the opportunity to nearly double the square footage and create additional living, or guest space tailored to your vision. New appliances 2024, New HVAC 2025. Whether you are searching for a peaceful primary residence, SML retreat, equestrian escape, or that farm like living, this property delivers. Outdoor enthusiasts will appreciate direct access to hiking, horseback riding, and mountain biking trails directly behind the property. Positioned on the quieter side of the mountain with minimal hunting pressure, the property is home to thriving populations of deer, turkey, bear, and abundant small game. Adding to its long-term appeal, the property overlooks Sanctuary Bay, where luxury waterfront homes command multi-million-dollar values -- a rare neighboring influence that enhances both the prestige and future equity potential.

268 Sweetwater Bay Dr, Penhook

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