Smith Mountain Lake Real Estate Search

Smith Mountain Lake Properties over $2,000,000 for Sale

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Newest Smith Mountain Lake Properties over $2,000,000 for Sale

Lot 3A Nicholas, Moneta
$2,200,000
5 Beds ⋅ 6 Baths ⋅ 932231 MLS
Welcome to The Cottages at Hickory Cove, a new waterfront community at Smith Mountain Lake! Lot 3 offers the opportunity to build a custom lake home in a private setting on a deep-water cove. Enjoy the peaceful side of SML waterfront living while still having convenient access to all the recreation, dining, shopping and amenities the lake has to offer. Frank Good Builders is the exclusive builder for this property, offering exceptional craftsmanship, quality construction and premium finishes. Photos feature one proposed custom home design, but additional plans are available. Buyers may also work with the talented Paragon Home Plans design team to customize a plan or create the Smith Mountain Lake home they've been envisioning. For a limited time, receive up to $100,000 in builder incentives to use toward closing costs, luxury upgrades and selections, or additional finished living space, including the basement. Whether you're looking for a full-time residence, Smith Mountain Lake vacation home or investment property, Lot 3 offers outstanding flexibility--vacation rentals are allowed. The neighborhood road is scheduled to be paved soon, adding the finishing touch to this distinctive new lakefront community. With Lot 1 already sold, opportunities are limited at The Cottages at Hickory Cove. Secure your place in this new Smith Mountain Lake waterfront neighborhood and enjoy deep water, privacy, custom new construction and the relaxed lake lifestyle SML is known for.

Lot 3A Nicholas, Moneta

131 Oak Hollow Rd, Moneta
$2,949,950
9 Beds ⋅ 8 Baths ⋅ 930883 MLS
**DSCR APPROVED!** SELLER OFFERING FURNITURE CREDIT! STOP DREAMING AND START OWNING! THIS LUXURIOUS CUSTOM WATERFRONT SMITH MOUNTAIN LAKE ESTATE IS READY FOR YOU AND YOUR FINAL TOUCHES! Slated for completion in May 2027, this exceptional 4,400-square-foot new construction offers an impressive 180 feet of waterfrontage, a large covered dock, heated salt water pool, and thoughtfully designed floor plan featuring a rare connected guest house surrounding a private central courtyard. With 9 bedrooms and expansive living space across three levels, two wrap around covered porches and two dwellings--including approximately 2,005 square feet on the lower level, 1,800 square feet on the main level, and 605 square feet upstairs--this home is perfectly suited for unforgettable hosting, becoming a generational legacy, or a high-performing vacation rental. The architecture blends timeless lake-house character with modern features, featuring cementitious board-and-batten siding, stone accents, and a sophisticated exterior designed to complement its premium waterfront location. Inside, upgraded cabinetry extends all the way to the ceiling, while luxury vinyl plank flooring runs throughout, with opportunities for the new owner to select additional upgrades. But perhaps the most exciting feature is that the home is still fully customizable. You have the opportunity to influence finishes, selections, and details, creating a home that feels uniquely yours before construction is complete. Currently projected to gross nearly $375,000 annually in short-term rental income! With 180 feet of Smith Mountain Lake shoreline, a unique courtyard-centered design, an attached guest-house concept, a heated saltwater pool, nine bedrooms, eight bathrooms, and the rare ability to personalize the home before completion, this is far more than new construction--it is the complete package to own and design the home of your dreams! All information to be independently verified by a buyer and buyer's agent. Home will have 8 bedroom septic system installed.

131 Oak Hollow Rd, Moneta

425 Park Way Ave, Moneta
$2,100,000
4 Beds ⋅ 4 Baths ⋅ 930537 MLS
Luxury Lakefront Living in Prestigious Park Place Welcome to this exceptional custom-built, one-owner waterfront home in the highly sought-after Park Place community on Smith Mountain Lake. Privately situated on a beautifully landscaped 1.03-acre lot, the home is accessed by a recently paved 200-foot driveway framed by elegant lighted stone entrance walls. Offering over 5000 square feet of thoughtfully designed living space, the open floor plan is filled with natural light and showcases breathtaking lake views through Andersen 400 Series windows and doors. The spacious family room features soaring 17-foot cathedral ceilings and a stunning stone gas fireplace, while the chef's kitchen boasts quartz countertops, stainless steel appliances, a large center island, and a walk-in pantry. The home offers four bedrooms, including a luxurious primary suite with a coffered ceiling, a dedicated study, three-and-a-half baths, formal and casual dining spaces, and expansive recreation and game rooms designed for entertaining. Outside, enjoy over 895 square feet of composite decking and tiled patio space overlooking the lake, complete with a covered dock, electric boat lift, and floater. Additional highlights include an oversized three-car garage, whole-house generator, lake-fed irrigation, professionally landscaped grounds, and meticulous one-owner maintenance throughout. Franklin County SML Park and Beach are just a 3 minute golf cart ride away. Experience luxury lake living at its finest.

425 Park Way Ave, Moneta

250 Mountain Vista Dr, Penhook
$3,449,950
9 Beds ⋅ 8 Baths ⋅ 930533 MLS
**DSCR APPROVED!** SELLER OFFERING FURNITURE CREDIT! 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!

250 Mountain Vista Dr, Penhook

34 Mountain Glen Dr, Penhook
$3,999,000
5 Beds ⋅ 8 Baths ⋅ 930308 MLS
May 2027 Delivery! Deep-water dock in place! Another Mountain View show-stopping estate by Sole Source Solution, Luxury Homes! Experience nearly 6900 sq. ft. of luxury waterfront living in this extraordinary new-construction estate at Sanctuary Pointe, thoughtfully positioned to capture breathtaking Smith Mountain, main-lake, and protected cove views. Large Deep-water dock with boat lift and jet ski lift complete! Designed for generations of family and friends, this exceptional legacy estate combines sophisticated design, superior construction, and effortless lake living. The main-level primary suite is a private retreat with stunning mountain views and sliders opening directly to the expansive deck. A huge vaulted great room showcases dramatic lake and mountain vistas through expansive glass, creating an impressive centerpiece for entertaining. This gorgeous estate features 4 spacious ensuite bedrooms plus an oversized bunk suite/rec room, providing exceptional accommodations for family and guests. An elevator serving all three levels, plus laundry facilities on every floor, add exceptional convenience for everyday living and extended family stays. The walkout lower level continues the spectacular views and offers easy access to the shoreline--just steps from the private dock already under construction. A 2-car garage provides additional space for vehicles, storage, and lake gear. Quality construction includes 2x6 exterior walls, energy-efficient spray foam insulation, and Superior Walls basement system, complemented by programmable irrigation, architectural uplighting, and beautiful designer finishes. Located approximately 2 miles from The Water's Edge Country Club, a McConnell Golf community, with an optional nonresident membership opportunity. Home package beginning at $3,999,000. A remarkable combination of luxury, craftsmanship, convenience, and unforgettable Smith Mountain Lake views--a legacy waterfront home designed to be enjoyed for generations. **Renderings created with AI- based on actual house plans.

34 Mountain Glen Dr, Penhook

64 Grande Lake Cir, Moneta
$5,750,000
6 Beds ⋅ 8 Baths ⋅ 929614 MLS
A rare opportunity to own one of the most extraordinary waterfront estates ever built at Smith Mountain Lake. Completed in 2026 within the prestigious gated community of Bridgewater Grande, this ultra-custom modern masterpiece offers nearly 7,900 square feet of uncompromising design where exceptional craftsmanship, bespoke finishes, and breathtaking architecture create a residence unlike anything currently available. A dramatic dogtrot design frames panoramic lake views from the moment you arrive, while soaring walls of glass, handcrafted beams, floating steel staircases, floor-to-ceiling stone fireplaces, and artisan millwork showcase an extraordinary level of detail. Designed for luxurious everyday living and spectacular entertaining, the home offers six bedrooms, Eight bathrooms ... including a private guest house, three full kitchens plus a dockside entertaining kitchen, two wet bars, three laundry rooms, hidden biometric safe room, executive office, theater, gym, expansive loft, and an exceptional primary suite featuring a spa-inspired wet room with steam shower, Kohler digital shower system, soaking tub, designer custom closet, and luxurious finishes throughout. The stunning chef's kitchen is appointed with premium Monogram appliances, dual JennAir dishwashers, custom white oak cabinetry, Cambria quartz surfaces, oversized island, prep sink, pot filler, walk-in pantry with full-size refrigerator/freezer, and exceptional custom lighting. Outdoor living is every bit as impressive, offering approximately 1,806 square feet of covered and open decking plus nearly 5,000 square feet of additional patio, pool, and outdoor entertaining space designed for unforgettable gatherings. The heated saltwater pool features a fully automatic safety cover and is surrounded by professionally designed hardscapes, custom steel stairways, multiple covered entertaining areas, and fully fenced grounds. Extending the experience to the water is an extraordinary 1,480-square-foot custom dock featuring a waterfront entertaining pavilion complete with fireplace, Sonos audio system, RGB accent lighting, pocketing doors, pass-through serving window, outdoor kitchen, and storage room. Large enough for 2 slips and designed to have an additional opening/slip if desired. Every detail was thoughtfully curated with premium materials including Andersen windows and doors, Brizo fixtures, custom lighting, smart toilets, designer wall coverings, whole-home security, and countless handcrafted architectural elements that simply cannot be replicated. Situated on 207 feet of waterfront in one of Smith Mountain Lake's premier gated communities, this is more than a luxury home--it is a legacy estate built to an extraordinary standard, representing one of the finest residential offerings ever to come to market at Smith Mountain Lake. Designed inside and out by NoR Design Build Inc. Ask for Documents with Features & Details. Driving directions: Coming from North Rt. 122 cross Halesford Bridge. Pass Bridgwater Plaza on your left. Turn Right on Bridgewater Grande Dr. to left on Grande Lake Cir. House straight at end of culdesac.

64 Grande Lake Cir, Moneta

103 Bluebird Ct, Huddleston
$2,750,000
6 Beds ⋅ 4 Baths ⋅ 929586 MLS
'Positioned near the dam with expansive main-channel views, this 4,196-square-foot Smith Mountain Lake waterfront home pairs 301 feet of shoreline with a level, park-like setting, a private beach, and a double-slip dock. Lake and mountain views stretch across the property, while mature trees provide a sense of privacy from the end-of-cul-de-sac location. The setting also offers a memorable vantage point for Smith Mountain Lake's July 4th fireworks. Built in 2013, the two-story board-and-batten and stone home offers six bedrooms, three full baths, and one half bath. The entry level is designed for comfortable everyday living, with the primary bedroom, laundry, office, dining area, kitchen, family room, and a great room centered around a masonry fireplace. Wide doorways and a zero-entry shower add thoughtful accessibility to the main level. Upstairs, five additional bedrooms and a game room provide flexible space for guests, recreation, or extended stays. Outdoor living is a defining feature of the property. A screened porch off the kitchen creates a comfortable place to take in the lake setting, while two sleeping porches offer additional spaces to enjoy the water and surrounding views. A paver pathway leads across the level lawn to the beach and riprap shoreline, continuing to an A-roof, double-slip dock with boat hoists and storage. Additional features include an attached two-car garage, outdoor grill, generator, gas range, wood, tile and luxury vinyl plank flooring, and community water. With main-channel frontage, mountain and lake views, a private beach, substantial shoreline, and multiple outdoor living spaces, 103 Bluebird Court offers a distinctive Smith Mountain Lake waterfront setting.'

103 Bluebird Ct, Huddleston

197 Mountain Shore Dr, Penhook
$2,435,000
4 Beds ⋅ 5 Baths ⋅ 929297 MLS
Imagine waking up to a beautiful sunrise over Smith Mountain and lake views, then unwinding in the afternoon shade on your covered porch. This custom-built home by Sole Source solution delivers luxury craftsmanship at every turn, framed by spectacular mountain views from every level. Designed for comfort and efficiency, the home features 9 ft ceilings on the main and upper levels and 10ft ceilings on the lower level, filling each space with natural light. Built with 2 x 6 exterior walls and fully insulated from rafters to ceiling, the home offers exceptional year-round comfort. An inground propane tank supports the on-demand hot water heater, gas fireplace, Cafe range, and a standby emergency generator with automatic switchgear-ensuring uninterrupted lake living and peace of mind. High-efficiency windows and doors, along with solid interior doors, reinforce the home's quality. Enjoy true main-floor living with a convenient laundry area and a spacious primary ensuite. The lower level is an entertainer's dream, complete with a custom wet bar, built-in cabinetry, and walkout access to beautiful outdoor living spaces. A freshly custom built dock offers maintenance-fee composite decking, powder-coated aluminum handrails, aluminum step ladder, dock-level storage and a gated diving area. Deep water ensures ideal conditions for a tritoon boat slip and swimming. The professionally designed and landscaped yard showcases a stamped concrete driveway, lush plantings maintained by an automatic irrigation system, and extensive hardscaping. Lighted pathways lead to a welcoming lower-level firepit area, perfect for evening gatherings. Every detail of this home has been thoughfully crafted to elevate lake living. Come experience the quality, comfort and beauty that defines this exceptional property. (Taxes estimated)

197 Mountain Shore Dr, Penhook

200 Sweetwater Bay Dr, Penhook
$2,189,950
9 Beds ⋅ 6 Baths ⋅ 928704 MLS
**DSCR APPROVED!** SELLER OFFERING FURNITURE CREDIT! 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. 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.

200 Sweetwater Bay Dr, Penhook

315 Upland Shores Dr, Penhook
$2,895,500
5 Beds ⋅ 6 Baths ⋅ 928284 MLS
Experience timeless English Country in this custom built home with stunning water and mountain views, including the cove, main channel, and Peaks of Otter. Features hand-hewn beams, stacked-stone fireplace, custom cabinetry and floor-to-ceiling windows. Recent updates by Tim Rutrough include renovated primary and half bath with quartz, new cabinetry, lighting, sconces and heated flooring in primary with walk-in curbless shower. New oak hardwood flooring added to primary bedroom with custom closets and shelving. LED downlights and updated switches throughout the home. Kitchen offers newer 2021 appliances-KitchenAid dishwasher along with farm and prep sinks, plus Quartzite counters, Sub-Zero refrigerator and Thermador 5-burner gas range. Relax outdoors on the open patio or unwind quietly on the screened porch overlooking the water. New remote-controlled gas logs in living, primary, and lower level guest bedroom. Lower level includes custom wet bar, family/game room with stone fireplace, and large flex space ideal for workshop, studio or future sleeping/media room. Mechanical updates: main level HVAC with gas backup (2020) and upper level 14 SEER HVAC (2021). Exterior features include another patio, new dock addition and sandy beach. Active Water's Edge Country Club membership conveys, allowing buyers to join within 30 days for reduced $35000 initiation fee. Amenities include golf, tennis/pickleball, Jr Olympic and kiddie pool, snack shack, equestrian facility, exercise and dining.

315 Upland Shores Dr, Penhook

176 Three Point Isle Dr, Penhook
$3,499,000
5 Beds ⋅ 6 Baths ⋅ 925505 MLS
Stunning Smith Mountain Lake waterfront estate designed by renowned lake architect Antonio Veloso and constructed in 2022 as a luxury home builder's personal residence. A showcase of elegance and craftsmanship, this remarkable property is nestled on nearly an acre on the exclusive Three Pointe Isle peninsula and offers sweeping lake views from multiple vantage points. From the front of the home, enjoy spectacular sunset views across Smith Mountain Lake toward Smith Mountain. Behind the home, the property opens to a calm, protected cove with main-lake views and almost no boat traffic--creating an extraordinary setting that combines dramatic scenery with peaceful waterfront living. Offering over 5,500 square feet of luxury construction, the residence was built with exceptional quality and attention to detail. Constructed with 2x6 exterior walls, spray foam insulation, and premium Pella Lifestyle doors and windows designed to maximize both energy efficiency and the incredible water views. The home features four spacious en-suites on a three-bedroom septic, including a main-level primary suite with private deck access, stunning lake views, and a spa-inspired bath. The secondary bedrooms are equally impressive, both featuring vaulted ceilings, with one offering its own private balcony overlooking the beautiful main-lake views. A large bonus room with a walk-in closet is currently styled as an oversized fifth bedroom or playroom, providing flexible space for guests or recreation. The finished walkout basement is designed for entertaining and extended guest stays. Featuring a kitchenette, second laundry room, private en-suite bedroom, powder room with a convenient changing area for lake days, and two additional flex rooms that can serve as guest rooms, hobby spaces, offices, or fitness rooms. Technology and convenience are seamlessly integrated throughout the home with a high-tech whole-house audio and visual system with interior and exterior speakers, a security system with exterior cameras, elegant exterior uplighting, and a programmable irrigation system. Brand New 4 ft. decorative aluminum fence on three sides. The waterfront amenities are equally impressive. The enormous dock is designed as a true lakefront entertainment hub and includes two boat lifts, two jet ski docks, expansive party space, a giant floater, kayak launch, and paddleboard racks--perfect for enjoying the Smith Mountain Lake lifestyle to its fullest. Located in the peaceful Penhook area of Smith Mountain Lake, the home is just three miles from The Water's Edge Country Club, where non-resident memberships are available for golf, dining, tennis, and social activities. Furnishings by Bassett may be purchased separately, offering the opportunity for a nearly turnkey luxury lakefront retreat. Main Photo from 2025.

176 Three Point Isle Dr, Penhook

75 Grande Villa Dr, Penhook
$2,050,000
4 Beds ⋅ 5 Baths ⋅ 926044 MLS
Experience Luxury Lifestyle at the Grande Villas! Spacious lakefront townhouse offers superior quality & complete with a private elevator for easy access to both levels. Great room with cathedral ceiling, built-in bookshelves, & masonry brick fireplace. The gourmet kitchen is a chef's dream w/custom hand glazed cabinets, quartz counters,Wolf & Sub-Zero appliances. A formal dining room provides ample seating for gatherings. Large main level primary bedroom w/luxurious bath w/lighted MakeUp Mirror/Vanity. Masonry FP's. Large covered porch w/beautiful lake views. Main level guest room/office & guest full bath. Two ensuite guest bedrooms & Media room/bedroom on lower level. Spacious lower level family room w/stone FP & wet bar. 2 car garage & covered dock w/cabana, boat slip, & jet ski lift. Seller will convey all bedroom suites and lower level family room furniture. There are many extras in this townhome such as heated bathroom floors, 2 x 6 interior & exterior walls, R27 insulation walls, R38 in the ceiling, Two propane tankless water heaters, Whole home central vac, main level laundry w/Electrolux W/D and 1800 Seer HVAC units. Kitchen has granite countertops and window seat. Wet bar in the family room has lots of cabinets, wine cooler and microwave. There is a media room on the lower decorated as a bedroom. Plantation shutters and ceiling fans throughout. One of the owners is a Retired Decorator. Sellers are members of the Clubhouse and buyers can join for $35,000. initiation fee within 30 days after closing. It is a very easy walk to the boathouse. Beautiful front courtyard. Paved driveway. Some furniture for sale.

75 Grande Villa Dr, Penhook

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