COMPLETED NEW CONSTRUCTION, LAKE ACCESS WITH THE OPTION TO PURCHASE COVERED BOATSLIP!! Located in the prestigious golf community of Waters Edge, this stunning new construction offers the perfect blend of modern craftsmanship and timeless elegance. Designed for both comfort and entertaining, this thoughtfully designed home features 3 spacious bedrooms, 2 luxurious bathrooms, and a dedicated office space within an open-concept floor plan. Highlights include soaring cathedral and tray ceilings, a striking stone fireplace, and custom cabinetry throughout. The gourmet kitchen is equipped with premium Cafe appliances, ideal for the home chef. Enjoy seamless indoor-outdoor living with a covered deck and patio, overlooking the serene surroundings of this exclusive community. The full daylight basement is already plumbed for a future kitchen, bathroom, and workshop offering ample opportunity for expansion and personalization. Memberships available to The Waters Edge C.C. at the expense of the purchaser.
Sold for $765,000
$765,000
342 Morgans Mill Dr, Penhook, VA 24137
3beds
1,950sqft
Single Family Residence
Built in 2025
0.61 Acres Lot
$796,400 Zestimate®
$392/sqft
$2,576 Estimated rent
Home value
$796,400
$573,000 - $1.11M
$2,576/mo
Zestimate® history
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$4,584/mo
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List your homeWhat's special
Striking stone fireplaceFull daylight basementCovered boatslipOpen-concept floor planCovered deck and patioLake accessSerene surroundings
Zillow last checked:
Listing updated:
Listed by:
DANA D MONTGOMERY 540-314-1798,
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Bought with:
DANA D MONTGOMERY, 0225074396
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Source: RVAR,MLS#: 917118
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: E
Bedroom 2
- Level: E
Bedroom 3
- Level: E
Great room
- Level: E
Kitchen
- Level: E
Laundry
- Level: E
Office
- Level: E
Heating
- Heat Pump Electric
Cooling
- Heat Pump Electric
Appliances
- Included: Cooktop, Dishwasher, Microwave, Refrigerator, Oven
Features
- Breakfast Area, Storage
- Flooring: Other - See Remarks
- Doors: Fiberglass, French Doors
- Windows: Insulated Windows, Screens, Tilt-In
- Has basement: Yes
- Number of fireplaces: 1
- Fireplace features: Gas Log, Great Room
Interior area
- Total structure area: 3,900
- Total interior livable area: 1,950 sqft
- Finished area above ground: 1,950
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage Door Opener
- Has attached garage: Yes
- Covered spaces: 2
Features
- Patio & porch: Deck, Front Porch
- Waterfront features: Water Access Only
- Body of water: Smith Mtn Lake
Lot
- Size: 0.61 Acres
- Features: Sloped Down, Gentle Sloping
Details
- Parcel number: 0510914200
- Zoning: RPD
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- HardiPlank Type, Stone
Condition
- New Construction,Completed
- New construction: Yes
- Year built: 2025
Utilities & green energy
- Electric: 0 Phase
- Utilities for property: Cable Connected, Underground Utilities
Community & HOA
Community
- Features: Marina Access, Golf
- Subdivision: The Waters Edge
HOA
- Has HOA: Yes
- HOA fee: $150 annually
Location
- Region: Penhook
Financial & listing details
- Price per square foot: $392/sqft
- Annual tax amount: $3,869
- Date on market: 5/9/2025
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2025 | Sold | $765,000-1.9%$392/sqft |
Source:  RVAR #917118 Report a problem | ||
| 8/6/2025 | Pending sale | $779,900$400/sqft |
Source: RVAR #917118 Report a problem | ||
| 6/27/2025 | Price change | $779,900-13.3%$400/sqft |
Source: RVAR #917118 Report a problem | ||
| 5/9/2025 | Listed for sale | $899,900$461/sqft |
Source: RVAR #917118 Report a problem | ||
| 5/7/2025 | Listing removed | $899,900$461/sqft |
Source: RVAR #916664 Report a problem | ||
| 4/28/2025 | Listed for sale | $899,900$461/sqft |
Source: RVAR #916664 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 24137
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- $1,621,1004 bd3 ba3.9k sqft50 Upland Shores Dr, Penhook, VA 24137Off Market
Nearby schools
GreatSchools rating
- 7/10Glade Hill Elementary SchoolGrades: PK-5Distance: 8.1 mi
- 7/10Benjamin Franklin Middle SchoolGrades: 6-8Distance: 15.2 mi
- 4/10Franklin County High SchoolGrades: 9-12Distance: 14.9 mi
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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- Virginia
- Franklin County
- Penhook
- 24137
- 342 Morgans Mill Dr
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