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For sale
  • Price cut: $30K (7/2)
    $649,900

    268 Sweetwater Bay Dr, Penhook, VA 24137

    3beds
    1,891sqft
    : 
    $3,736/mo
    Get pre-qualified
    Single Family Residence
    Built in 2005
    3.15 Acres Lot
    $-- Zestimate®
    $344/sqft
    $-- HOA

    What's special

    Overlooks sanctuary bayFull unfinished basement
    Perched atop a breathtaking rolling landscape with sweeping views of Smith Mountain Lake, this special 3-acre retreat offers a rare blend of natural beauty, privacy, and outdoor recreation. Surrounded by pastoral scenery with 45+ acres of open pasture stretching across the front yard and over 5,000 acres of the Smith Mountain Cooperative Wildlife Management Area bordering the backyard, the setting is truly one-of-a-kind. From sunset over the lake to wildlife roaming the fields and mountains beyond, every direction offers a view worth capturing. Designed for comfortable one-level living, the home also features a full unfinished basement, providing the opportunity to nearly double the square footage and create additional living, or guest space tailored to your vision. New appliances 2024, New HVAC 2025. Whether you are searching for a peaceful primary residence, SML retreat, equestrian escape, or that farm like living, this property delivers. Outdoor enthusiasts will appreciate direct access to hiking, horseback riding, and mountain biking trails directly behind the property. Positioned on the quieter side of the mountain with minimal hunting pressure, the property is home to thriving populations of deer, turkey, bear, and abundant small game. Adding to its long-term appeal, the property overlooks Sanctuary Bay, where luxury waterfront homes command multi-million-dollar values -- a rare neighboring influence that enhances both the prestige and future equity potential.
    102 days
    |
    410
    |
    13
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    JADA A. TURNER 540-263-0202,

    BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE 540-721-8659

    Source: RVAR,MLS#: 927363MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Primary bedroom
      • Level: E
      Bedroom 2
      • Level: E
      Bedroom 3
      • Level: E
      Dining area
      • Level: E
      Kitchen
      • Level: E
      Living room
      • Level: E
      Heating
      • Heat Pump Electric
      Cooling
      • Heat Pump Electric
      Appliances
      • Included: Dryer, Washer, Dishwasher, Microwave, Gas Range
      Features
      • Flooring: Wood
      • Doors: Fiberglass
      • Windows: Insulated Windows
      • Has basement: Yes
      • Number of fireplaces: 1
      • Fireplace features: Living Room
      Interior area
      • Total structure area: 3,782
      • Total interior livable area: 1,891 sqft
      • Finished area above ground: 1,891
      Video & virtual tour

      Property

      Parking
      • Total spaces: 3
      • Parking features: Attached
      • Has attached garage: Yes
      • Covered spaces: 3
      Features
      • Patio & porch: Deck, Front Porch
      • Exterior features: Garden Space
      • Has view: Yes
      • View description: Sunrise
      • Has water view: Yes
      • Water view: Lake
      Lot
      • Size: 3.15 Acres
      • Features: Horses Permitted, Varied
      Details
      • Parcel number: 1563824939
      • Zoning: A-1
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Brick
      Condition
      • Completed
      • Year built: 2005

      Utilities & green energy

      • Electric: 6 Phase
      • Sewer: Public Sewer
      • Water: Well

      Community & HOA

      Community
      • Subdivision: Sanctuary Bay
      HOA
      • Has HOA: No
      Location
      • Region: Penhook

      Financial & listing details

      • Price per square foot: $344/sqft
      • Tax assessed value: $421,700
      • Annual tax amount: $2,861
      • Date on market: 5/8/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/2/2026Price change$649,900-4.4%$344/sqft
        Source: RVAR #927363 Report a problem
        5/8/2026Listed for sale$679,900+85.3%$360/sqft
        Source: RVAR #927363 Report a problem
        10/19/2024Listing removed$2,500$1/sqft
        Source: Zillow Rentals Report a problem
        10/16/2024Price change$2,500-7.4%$1/sqft
        Source: Zillow Rentals Report a problem
        9/17/2024Listed for rent$2,700$1/sqft
        Source: Zillow Rentals Report a problem
        9/9/2020Sold$367,000-3.4%$194/sqft
        Source: RVAR #870746 Report a problem
        7/30/2020Pending sale$379,900$201/sqft
        Source: WATERMARK REALTY LLC #870746 Report a problem
        6/26/2020Listed for sale$379,900+8.5%$201/sqft
        Source: WATERMARK REALTY LLC #870746 Report a problem
        9/17/2011Listing removed$350,000$185/sqft
        Source: South Lake Real Estate, LLC #767866 Report a problem
        8/16/2011Price change$350,000-9.1%$185/sqft
        Source: South Lake Real Estate, LLC #767866 Report a problem
        6/18/2011Price change$385,000-2.5%$204/sqft
        Source: South Lake Real Estate, LLC #767866 Report a problem
        5/21/2011Listed for sale$395,000$209/sqft
        Source: iseemedia #767866 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$2,362 +31.3%$421,700 +45.4%
        2023$1,798 $290,000
        2022$1,798 $290,000
        2021$1,798 $290,000
        2020$1,798 $290,000
        2019$1,798 $290,000
        2018$1,798 $290,000
        2017$1,798 +7.3%$290,000 +2.1%
        2016$1,675 $283,900
        2015$1,675 $283,900 +3.3%
        2011-- $274,900
        2010-- --
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: 24137

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