Experience exceptional Smith Mountain Lake living in this stunning new construction waterfront home in The Water's Edge. Offering 5 bedrooms, 5.5 baths and 5,880 finished sq. ft. across three beautifully appointed levels, the home features a private master suite on each floor. The open-concept main level showcases hardwood floors, custom built-ins, multiple fireplaces and a gourmet kitchen with Wolf, Sub-Zero and Cove appliances, quartz countertops, custom maple cabinetry and a 10-foot island. Enjoy a screened porch with fireplace overlooking the lake, lake-level kitchenette, heated tile floors, exceptional storage and an EV-ready two-car garage. Professionally landscaped grounds feature irrigation, lighting, paver patios, firepit and a private dock with boat and PWC lifts. Luxury, craftsmanship and lake living come together beautifully in this exceptional new home.
New construction
$2,950,000
51 Island View Dr, Penhook, VA 24137
5beds
5,880sqft
:
Get pre-qualified$17,587/mo
Single Family Residence
Built in 2026
0.75 Acres Lot
$-- Zestimate®
$502/sqft
$20/mo HOA
What's special
Lake-level kitchenetteMultiple fireplacesProfessionally landscaped groundsOpen-concept main levelPaver patiosEv-ready two-car garageExceptional storage
- 7 days |
- 488 |
- 21 |
Zillow last checked:
Listing updated:
Listed by:
JANE SULLIVAN HORNE 540-493-1690,
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE 540-721-8659
Source: RVAR,MLS#: 929958
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Primary bedroom
- Level: E
Primary bedroom
- Level: U
Primary bedroom
- Level: L
Bedroom 4
- Level: E
Bedroom 5
- Level: E
Dining area
- Level: E
Foyer
- Level: E
Kitchen
- Level: E
Laundry
- Level: E
Living room
- Level: E
Recreation room
- Level: L
Heating
- Heat Pump Electric
Cooling
- Heat Pump Electric
Appliances
- Included: Dryer, Washer, Refrigerator
Features
- Storage
- Flooring: Ceramic Tile, Wood
- Doors: Sliding Doors, Wood
- Windows: Insulated Windows
- Has basement: Yes
- Number of fireplaces: 2
- Fireplace features: Living Room, Other - See Remarks, Recreation Room
Interior area
- Total structure area: 5,880
- Total interior livable area: 5,880 sqft
- Finished area above ground: 3,905
- Finished area below ground: 1,975
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Has attached garage: Yes
- Covered spaces: 2
Features
- Patio & porch: Deck, Patio
- Has water view: Yes
- Water view: Lake
- On waterfront: Yes
- Waterfront features: Waterfront, Cove, Riprap Shoreline
- Body of water: Smith Mtn Lake
Lot
- Size: 0.75 Acres
- Features: Gentle Sloping
Details
- Parcel number: 051 06048 00
- Zoning: RPD
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Brick, Fiber Cement
Condition
- New Construction,Completed
- New construction: Yes
- Year built: 2026
Utilities & green energy
- Electric: 0 Phase
- Water: Community System
- Utilities for property: Underground Utilities, Cable
Green energy
- Energy efficient items: 2 X 6 Exterior Walls
Community & HOA
Community
- Features: Pool, Golf
- Subdivision: The Waters Edge
HOA
- Has HOA: Yes
- HOA fee: $240 annually
Location
- Region: Penhook
Financial & listing details
- Price per square foot: $502/sqft
- Annual tax amount: $5,343
- Date on market: 7/31/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2026 | Listed for sale | $2,950,000$502/sqft |
Source:  RVAR #929958 Report a problem | ||
Public tax history
Tax history is unavailable.
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
GreatSchools rating
- 7/10Glade Hill Elementary SchoolGrades: PK-5Distance: 7.5 mi
- 7/10Benjamin Franklin Middle SchoolGrades: 6-8Distance: 14.6 mi
- 4/10Franklin County High SchoolGrades: 9-12Distance: 14.3 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.
- $1,370,9005 bd4 ba2.1k sqft35 Island View Dr, Penhook, VA 24137Off Market
- $1,449,5003 bd3 ba3.5k sqft2600 Waters Edge Dr, Penhook, VA 24137Off Market
- $2,204,9005 bd6 ba6.3k sqft105 Island View Dr, Penhook, VA 24137Off Market
- $--0.5 acresIsland View Dr LOT 94, Penhook, VA 24137Off Market
- $1,689,1003 bd3 ba1.9k sqft2634 Waters Edge Dr, Penhook, VA 24137Off Market
- $1,735,6004 bd5 ba4.7k sqft25 Grande Villa Dr, Penhook, VA 24137Off Market
- $1,824,4003 bd4 ba3k sqft65 Island Bay Ct, Penhook, VA 24137Off Market
- $4,014,2005 bd6 ba6.5k sqft80 Island View Dr, Penhook, VA 24137Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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