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For sale
  • $3,599,000

    176 Three Point Isle Dr, Penhook, VA 24137

    5beds
    5,678sqft
    : 
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    Single Family Residence
    Built in 2022
    0.84 Acres Lot
    $3,336,300 Zestimate®
    $634/sqft
    $-- HOA

    What's special

    Waterfront estateTwo jet ski docksKayak launchPaddleboard racksElegant exterior uplightingSpray foam insulationProgrammable irrigation system
    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.
    99 days
    |
    1,429
    |
    67
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    COURTNEY MILLS GRECO 919-389-4951,

    EXP REALTY, LLC - UNION HALL

    Source: RVAR,MLS#: 925505MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 6
      • Full bathrooms: 4
      • 1/2 bathrooms: 2
      Bedroom 1
      • Level: E
      Bedroom 2
      • Level: U
      Bedroom 3
      • Level: U
      Bedroom 4
      • Level: U
      Bedroom 5
      • Level: L
      Bedroom 6
      • Level: L
      Other
      • Level: L
      Dining area
      • Level: E
      Family room
      • Level: L
      Kitchen
      • Level: E
      Living room
      • Level: E
      Recreation room
      • Level: L
      Heating
      • Heat Pump Electric, Zoned
      Cooling
      • Central Air, Heat Pump Electric, Zoned
      Appliances
      • Included: Dishwasher, Microwave, Other - See Remarks, Electric Range, Refrigerator
      Features
      • Other - See Remarks, Wet Bar
      • Doors: Other - See Remarks
      • Windows: Other - See Remarks
      • Has basement: Yes
      • Number of fireplaces: 3
      • Fireplace features: Basement, Gas Log, Living Room, Master Bedroom, Recreation Room
      Interior area
      • Total structure area: 5,678
      • Total interior livable area: 5,678 sqft
      • Finished area above ground: 3,906
      • Finished area below ground: 1,772
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached, Other, Paved, Garage Door Opener
      • Has attached garage: Yes
      • Covered spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck, Patio, Front Porch, Rear Porch
      • Exterior features: Balcony, Other - See Remarks
      • Has view: Yes
      • View description: Sunset
      • Has water view: Yes
      • Water view: Lake
      • Waterfront features: Waterfront, Cove, Riprap Shoreline
      • Body of water: Smith Mtn Lake
      Lot
      • Size: 0.84 Acres
      • Features: Gentle Sloping, Views
      Details
      • Parcel number: 050 00006 02
      • Other equipment: Generator

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Contemporary
      • Property subtype: Single Family Residence
      Materials
      • Fiber Cement, Stone
      Condition
      • Completed
      • Year built: 2022

      Utilities & green energy

      • Electric: 0 Phase
      • Water: Well
      • Utilities for property: Underground Utilities
      Green energy
      • Energy efficient items: 2 X 6 Exterior Walls

      Community & HOA

      Community
      • Security: Security System
      • Subdivision: Three Pointe Isle
      HOA
      • Has HOA: No
      Location
      • Region: Penhook

      Financial & listing details

      • Price per square foot: $634/sqft
      • Tax assessed value: $1,841,400
      • Annual tax amount: $7,918
      • Date on market: 3/27/2026
      • Road surface type: Paved

        Estimated market value

        $3,336,300

        $3.17M - $3.50M

        $4,402/mo

        Price history

        DateEventPrice
        3/27/2026Listed for sale$3,599,000-5.3%$634/sqft
        Source: RVAR #925505 Report a problem
        11/17/2025Listing removed$3,799,000$669/sqft
        Source: RVAR #920868 Report a problem
        9/12/2025Listed for sale$3,799,000+966.8%$669/sqft
        Source: RVAR #920868 Report a problem
        10/6/2021Sold$356,100$63/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,918 $1,841,400
        2024$7,918 +38.1%$1,841,400 +95.9%
        2023$5,735 +422.3%$940,100
        2022$1,098 $940,100 +422.3%
        2021$1,098 $180,000
        2020$1,098 -20%$180,000 -20%
        2019$1,373 $225,000
        2018$1,373 $225,000 -18.2%
        2017$1,373 +10.9%$275,000
        2016$1,238 $275,000
        2015$1,238 $275,000

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 24137

        Getting around

        0 / 100
        Car-Dependent
        16 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Glade Hill
        • Middle: Ben Franklin Middle
        • High: Franklin County

        Source: RVAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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