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.
For sale
Price cut: $100K (8/21)
$3,499,000
176 Three Point Isle Dr, Penhook, VA 24137
5beds
5,678sqft
Single Family Residence
Built in 2022
0.84 Acres Lot
$3,282,200 Zestimate®
$616/sqft
$-- HOA
What's special
Waterfront estateTwo jet ski docksKayak launchPaddleboard racksElegant exterior uplightingSpray foam insulationProgrammable irrigation system
- 200 days
- 986
- 55
Zillow last checked:
Listing updated:
Listed by:
COURTNEY MILLS GRECO 919-389-4951,
EXP REALTY, LLC - UNION HALL 703-898-0863
Source: RVAR,MLS#: 925505
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Bedroom 1
- Level: Entry
Bedroom 2
- Level: Upper
Bedroom 3
- Level: Upper
Bedroom 4
- Level: Upper
Bedroom 5
- Level: Lower
Bedroom 6
- Level: Lower
Other
- Level: Lower
Dining area
- Level: Entry
Family room
- Level: Lower
Kitchen
- Level: Entry
Living room
- Level: Entry
Recreation room
- Level: Lower
Heating
- Heat Pump Electric, Zoned
Cooling
- Central Air, Heat Pump Electric, Zoned
Appliances
- Included: Microwave Oven (Built In), Other
Features
- Wired for Sound, Ceiling Fan(s), Other, Walk-In Closet(s), Wet Bar, Wired for Data
- Flooring: Luxury Vinyl Plank
- Doors: Other - See Remarks
- Windows: Other
- Basement: Full,Walk-Out Access
- Number of fireplaces: 3
- Fireplace features: Basement, Living Room, Primary Bedroom, Recreation Room, Gas Log
Interior area
- Total structure area: 5,678
- Total interior livable area: 5,678 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Paved Driveway, Garage Door Opener
- Has garage: Yes
- Covered spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Front Porch, Rear Porch, Covered Porch, Deck, Patio
- Exterior features: Balcony, Other
- Has view: Yes
- View description: Lake, Mountain(s), Sunset
- Has water view: Yes
- Water view: Lake
- Waterfront features: Cove, Riprap Shoreline
- Body of water: Smith Mtn Lake
Lot
- Size: 0.84 Acres
- Features: Gentle Sloping, Views
Details
- Parcel number: 050 00006 02
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Fiber Cement, Stone
Condition
- Year built: 2022
Utilities & green energy
- Electric: Generator
- Sewer: Private Septic
- Water: Private 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: $616/sqft
- Tax assessed value: $1,841,400
- Annual tax amount: $7,918
- Date on market: 3/27/2026
- Cumulative days on market: 201 days
Estimated market value
$3,282,200
$3.12M - $3.45M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2026 | Price change | $3,499,000-2.8%$616/sqft |
Source: | ||
| 3/27/2026 | Listed for sale | $3,599,000-5.3%$634/sqft |
Source: | ||
| 11/17/2025 | Listing removed | $3,799,000$669/sqft |
Source: | ||
| 9/12/2025 | Listed for sale | $3,799,000+966.8%$669/sqft |
Source: | ||
| 10/6/2021 | Sold | $356,100$63/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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.Climate risks
Neighborhood: 24137
Nearby schools
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.






