Smith Mountain Lake Real Estate Search

Newest Lots and Land

$1,100,000
930986 MLS
This exceptional 1.52 acre waterfront homesite truly has it all-an unrestricted, breathtaking view of Smith Mountain, desirable southeastern exposure, 181 feet of protected waterfront, a freshly riprapped shoreline, and your own natural beach area. Ideally positioned just off the main channel, this remarkable property offers the perfect balance of expansive lake views, privacy, and protected waterfront. Best of all, this amazing setting is only 10 minutes from the Westlake area, where grocery stores, shopping, medical offices, restaurants, and everyday amenities are conveniently close by. Gently sloping and beautifully situated, the property offers an outstanding canvas for a truly custom lake residence. Bring your plans and create the lake home you've always envisioned on one of Smith Mountain Lake's truly special private waterfront lots. Whether envisioned as an elegant full-time residence or an exclusive luxury lake retreat, this exceptional homesite offers the opportunity to create a truly extraordinary waterfront estate. Located in the highly sought-after South Harbour subdivision, this homesite is surrounded by some of the lake's most impressive residences and scenic vistas. Thoughtfully developed to the highest standards, South Harbour offers a beautiful community setting with mountain views, walking paths, lush landscaping, street lighting, and a community common area. The property is approved for a 4-bedroom Advantex septic system, with public water and high-speed internet available, providing an ideal foundation for your future lakefront estate. A truly exceptional homesite in an extraordinary setting-where breathtaking mountain views, protected waterfront, a private natural beach, and the opportunity to create a one-of-a-kind lakefront residence come together. This is Smith Mountain Lake living at its finest.

Lot 13 Sail Away, Moneta

$899,000
927565 MLS
An increasingly rare opportunity to own a true estate-sized waterfront parcel on Smith Mountain Lake. Lot 29 in the exclusive Penn Shores Communityoffers an exceptional 8.044 acres and approx 220 feet of pristine waterfront, creating the perfect setting for a luxury custom retreat, family compound, or legacy estate. Community Roads scheduled to be paved oct 2026. Large-acreage waterfront properties of this scale are becoming nearly impossible to find at Smith Mountain Lake. This remarkable homesite combines privacy, natural beauty, and expansive building potential within one of the lake's most desirable communities. The gently rolling topography provides an ideal canvas for a custom home designed to maximize lake views, outdoor entertaining, and seamless indoor-outdoor living. resort-style amenities, and recreational space, the possibilities are truly extraordinary. Thoughtful community standards help protect long-term value while preserving the upscale character and natural surroundings that define Shores at Penn Hall. Private road access further enhances the secluded, estate-like feel of the property. Conveniently located near marinas, golf, dining, and all the lifestyle amenities Smith Mountain Lake has to offer, Lot 29 delivers the rare combination of acreage, waterfront, and exclusivity that discerning buyers have been waiting for. Opportunities like this are finite -- and among the final chances to secure a premier large-acreage waterfront homesite on Smith Mountain Lake.

Lot 29 Hidden Treasures, Union Hall

$699,999
924092 MLS
Rare build-ready waterfront opportunity! Create your dream home on this exceptional .64± acre homesite with approximately 110 feet of dockable shoreline in one of Smith Mountain Lake's most desirable locations, just beyond Smith Mountain Lake State Park. Enjoy breathtaking wide-water views on three sides, a new stationary dock, and a gentle building site perfect for your custom retreat. A valid 4-bedroom septic permit, recent survey, large storage shed, and professionally designed home plans all convey, or bring your own vision. Minutes from Mariners Landing, Parkway Marina, golf, dining, and recreation. No HOA and short-term rentals are permitted, making this an outstanding investment, vacation getaway, or legacy waterfront estate for generations to enjoy! Start building your dream today! "One of the Last Build-Ready Waterfront Opportunities..." Opportunities like this are becoming increasingly rare at Smith Mountain Lake. Truly a rare opportunity to secure a truly exceptional waterfront homesite at Smith Mountain Lake--where privacy, panoramic views, and lifestyle converge. Ideally positioned just minutes from Mariners Landing Resort Community, golf, dining, and premier lake amenities, this property offers a refined canvas for your custom lakefront estate. More to Love This build-ready homesite showcases expansive, panoramic lake views from three sides--an increasingly rare offering at Smith Mountain Lake. All the groundwork has been thoughtfully completed, including a recent survey, clearly staked homesite, valid 4-bedroom septic permit, and professionally designed custom home plans (featured in photos). On-site improvements include a brand-new stationary dock and a large storage shed--allowing you to move forward with confidence and ease. With no HOA restrictions and short-term rentals permitted, this property offers exceptional flexibility--ideal for a full-time residence, private weekend retreat, or income-producing luxury investment. Hard to find almost level waterfront properties like this on the lake! And short boat ride to the famous "Rabbit Island" on Smith Mountain Lake Va. Bonus Opportunity The neighboring 0.57± acre homesite is also available for $658,500. Acquire both parcels to enjoy nearly 300 feet of premier waterfront--a rare opportunity to create a private, multi-generational compound in one of the East Coast's most sought-after lake destinations. The Lifestyle - Smith Mountain Lake Often called the "Jewel of the Blue Ridge," Smith Mountain Lake spans over 500 miles of shoreline with pristine waters, championship striper fishing, and year-round boating (the lake never freezes). Enjoy quick access to Smith Mountain Lake State Park, scenic trails, and a 50-mile bike path. Beyond the lake, the Roanoke Valley and Virginia's Blue Ridge offer over 1,000 miles of trails for hiking, biking, climbing, and paddling. Explore iconic destinations such as the Appalachian Trail and the Triple Crown of Virginia--Dragon's Tooth, McAfee Knob, and Tinker Cliffs--along with the scenic Blue Ridge Parkway and vast George Washington and Jefferson National Forests.

Lot 3 Sigh N Pine, Huddleston

$649,900
927814 MLS
Discover an extraordinary opportunity to build your custom lakefront estate in The Sanctuary at Smith Mountain Lake. Private and serene, this exceptional estate lot in the Sanctuary Bay section is ideally positioned near the end of a quiet cul-de-sac and spans over one acre. Featuring breathtaking protected views, deep-water frontage with room for an expansive dock, and unparalleled privacy near the base of iconic Smith Mountain. Located in Pittsylvania County, the property features a pre-approved building site, pre-approved three bedroom private septic system, and community water, providing a seamless foundation for your future lakefront retreat. Set amongst stunning multi-million-dollar homes in one of Smith Mountain Lake's most exclusive communities, this expansive homesite is perfectly suited for creating a luxury retreat with sweeping indoor-outdoor living spaces designed to capture the breathtaking lake and mountain vistas. Tucked within a deep-water cove, enjoy calm waters, scenic beauty, and the ultimate lake lifestyle year-round. Short-term rentals are allowed, offering exceptional flexibility for personal enjoyment or investment potential. Located on the desirable Penhook side of the lake, this property is convenient to marinas, waterfront dining, and all that Smith Mountain Lake has to offer while still maintaining a peaceful and private setting. Conveniently located less than two hours from Raleigh, Durham, and Cary, NC, and under four hours from Northern Virginia, this property offers an effortless escape from city life while remaining easily accessible for weekend getaways or full-time luxury living. For those seeking elevated amenities, the property is just two miles from The Water's Edge Country Club, where a limited number of non-resident memberships may be available. As part of the renowned McConnell Golf network, members enjoy access to 16 premier golf and country club properties throughout the region.

Lot 4 Sweetwater Bay, Penhook

$579,000
931046 MLS
One of the rare waterfront lots available in this price range is now on the market. This gently sloping lot in the prestigious Compass Cove community off Scruggs Road is now available. With a lot depth of 300' from the road to the lake, you can pick your building site knowing that your existing neighbors will not infringe on your view or on your home's setting. That's a huge benefit in today's market. Since the septic drainfield is off site and already in place with an existing force main connection, and public water eliminates the need to drill a well, you have even more opportunities to choose your building site in this deep water No Wake cove. The gently sloping lot at the shoreline caps off the opportunities presented by this unique parcel of property. The Westlake shopping and business area, which offers many restaurants, businesses and a new modern medical facility preparing to open, is only 10 minutes away. As you'll notice from the photos, Smith Mountain Lake is still approximately 5' below full pond, which happens infrequently. As can be seen from the shore, the current water depth where your new dock will be built still has plenty of water depth to ensure you can launch your boat in these conditions. If you'd like an even deeper boat slip, dredging is allowed and relatively inexpensive. These additional benefits enhance this lot's appeal, especially since so few similarly priced lots are on today's market. Check out the Documents for Restrictions and Plats and Stop By and Give Yourself a Tour!

Lot 26 Compass Cove, Moneta

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