This exceptional Smith Mountain Lake property offers over 2 acres across two adjoining parcels and more than 700 feet of waterfront with stunning long-water views. Nestled in a private cove just off the main channel, it provides the perfect balance of seclusion and convenience. Enjoy breathtaking lake vistas from the screened porch and spacious lakeside decks. Inside, you'll find a stone fireplace, a private primary suite, and guest suites with separate courtyard access for added privacy. A gentle walkway leads to the dock, featuring two boat lifts, storage, an oversized platform, and a stationary dock. Located in The Waterfront Country Club, just minutes from shopping, dining, and cultural attractions, this property delivers the ideal combination of luxury, location, and lakefront living. Welcome to this lakefront home in The Waterfront Country Club, offering a distinctive floor plan and the privacy of two adjoining parcels totaling over 2 acres with more than 700 feet of waterfront and expansive long water views. Located just off the main channel in a quiet cove, this home delivers spectacular views from the screened porch and lakeside decks. The stone fireplace anchors the living area. The primary suite is separated from the guest accommodations, with guest bedroom suites positioned in the courtyard for added privacy. A stone walkway leads to the boat dock, set on a gentle-sloped lot for easy water access. The stone walk way to the dock transvers the gentle slope and you will find a oversize double dock with large stationary. Ask LA about Membership to the WFCC. Check Doc
## Highlights
Golf at The Waterfront Country Club
In addition to the hundreds of Smith Mountain Lake waterfront and off-water real estate options here, many of the homes offer residents the opportunity to be situated on or very near the country club's recreational amenities.
The golf course at The Waterfront is a nearly 7,000-yard community highlight built by George Dillon of the Fazio Group in 1984.
The 18-hole PGA Championship course was the first course established at Smith Mountain Lake. It follows a distinctive layout across the hilly topography of the land making for a stimulating experience round after round, challenging for the advanced player yet playable for those with a higher handicap.
The Waterfront course is a place where players can sharpen their golf game in the most beautiful of settings and alongside friendly course staff and fellow members. Members enjoy access to onsite golf professionals, driving range and regular competitions, events and groups. Amenities at The Waterfront Country Club
The Waterfront's 22,000 square foot country club provides a welcoming community center with a variety of lifestyle enhancements. The pro shop, state-of-the-art fitness center, 19th Hole Lounge, locker rooms, banquet center and fine dining restaurant perfectly complement the classic yet casual character of the community.
Improve your tennis game at one of the two outdoor tennis courts or spend leisurely summer days by the junior Olympic sized outdoor pool. All this with access to the exciting recreational and relaxing opportunities on Smith Mountain Lake too.
You'll love living at this exceptional Smith Mountain Lake real estate development - The Waterfront Country Club.
For sale
Price cut: $220K (8/11)
$1,525,000
232 Peninsula Dr, Moneta, VA 24121
3beds
1,960sqft
Single Family Residence
Built in 1977
2.1 Acres Lot
$1,459,500 Zestimate®
$778/sqft
$-- HOA
What's special
Stone fireplaceDistinctive floor planStunning long-water viewsSpacious lakeside decksPrivate primary suite
- 154 days
- 651
- 57
Zillow last checked:
Listing updated:
Listed by:
DEBORAH F BERAN 540-529-4229,
DEB BERAN PROPERTIES 540-721-1488
Source: RVAR,MLS#: 925758
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Upper
Bedroom 2
- Level: Entry
Bedroom 3
- Level: Entry
Dining room
- Level: Entry
Kitchen
- Level: Entry
Laundry
- Level: Entry
Living room
- Level: Entry
Heating
- Heat Pump Electric
Cooling
- Heat Pump Electric
Features
- Flooring: Carpet, Tile, Wood
- Doors: Full View
- Windows: Insulated Windows
- Basement: Other
- Number of fireplaces: 1
- Fireplace features: Great Room
Interior area
- Total structure area: 1,960
- Total interior livable area: 1,960 sqft
Video & virtual tour
Property
Parking
- Total spaces: 8
- Uncovered spaces: 8
Features
- Levels: One and One Half
- Stories: 1.5
- Patio & porch: Screened Porch, Deck
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Cove, Point
- Body of water: Smith Mtn Lake
Lot
- Size: 2.1 Acres
- Features: Gentle Sloping, Views, Cul-De-Sac
Details
- Parcel number: 030 02039 00;03002 038 00
- Zoning: R1
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- HardiPlank Type
Condition
- Year built: 1977
Utilities & green energy
- Sewer: Private Septic
- Water: Public
Community & HOA
Community
- Features: Golf, Tennis Court(s)
- Subdivision: The Waterfront
HOA
- Has HOA: No
Location
- Region: Moneta
Financial & listing details
- Price per square foot: $778/sqft
- Tax assessed value: $1,180,300
- Annual tax amount: $5,398
- Date on market: 9/4/2026
- Cumulative days on market: 139 days
Estimated market value
$1,459,500
$1.39M - $1.53M
$2,995/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Listed for sale | $1,525,000$778/sqft |
Source: | ||
| 8/18/2026 | Pending sale | $1,525,000$778/sqft |
Source: | ||
| 8/11/2026 | Price change | $1,525,000-12.6%$778/sqft |
Source: | ||
| 4/27/2026 | Price change | $1,745,000-7.9%$890/sqft |
Source: | ||
| 4/4/2026 | Listed for sale | $1,895,000$967/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,075 | $1,180,300 |
| 2024 | $5,075 +8.5% | $1,180,300 +54% |
| 2023 | $4,676 | $766,600 |
| 2022 | $4,676 | $766,600 |
| 2021 | $4,676 | $766,600 |
| 2020 | $4,676 +0.7% | $766,600 +0.7% |
| 2019 | $4,646 | $761,600 |
| 2018 | $4,646 | $761,600 +1% |
| 2017 | $4,646 +10.9% | $754,100 |
| 2016 | $4,189 | $754,100 |
| 2015 | $4,189 +2.9% | $754,100 |
| 2014 | $4,072 | -- |
| 2013 | $4,072 | $754,100 |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
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: 24121
Nearby schools
Schools provided by the listing agent
- Elementary: Dudley
- 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.







