Recently Listed New Construction 200 Sweetwater Drive
Penhook, VA, 24137 $ 2,390,000
Bedrooms9 Baths6.0 Sq 4,150 Monthly Estimate*
$ 15,091
for $2,390,000 with 9 bedrooms and 6 full baths. This 4,150 square foot home was built in 2026.
SHORT TERM RENTABLE WATERFRONT LUXURY AT ITS FINEST IN ONE OF SMITH MOUNTAIN LAKE'S MOST COVETED LOCATIONS! Welcome to your future extraordinary waterfront property where sophisticated design and spectacular construction come together in harmony. Set to be completed in October 2026, this exceptional Craftsman-inspired luxury estate is set on a rare, level waterfront lot with pristine water, expansive shoreline views, and an enviable location. With projected rental income exceeding $350,000 ANNUALLY, this is a truly exceptional opportunity to own your premier Smith Mountain lakefront property with both remarkable lifestyle appeal and substantial income potential. From the moment you arrive, the quality and craftsmanship are unmistakable. The timeless Craftsman architecture is complemented by durable cementitious siding and thoughtfully selected exterior finishes designed with curb appeal and top of the line materials in mind. Inside, the impressive 9-bedroom, 6-full-bath residence offers an inviting open-concept design, with an 8-bedroom septic system and community-maintained offsite well. Soaring vaulted ceilings accented by shiplap, walls of natural light, and elevated finishes create an atmosphere that feels simultaneously grand and effortlessly luxurious. At the heart of the home is a spectacular gourmet kitchen designed to bring people together. Custom cabinetry, a statement farmhouse sink, designer vent hood, generous counter space, and an expansive gathering area create the perfect setting for everything from relaxed family breakfasts to unforgettable dinners with a house full of guests. The kitchen flows seamlessly into the main living and dining areas and opens to the covered outdoor dining porch, making entertaining truly at your fingertips. Throughout the home, every space has been thoughtfully curated for your future indulgence. Beautifully tiled showers add a sophisticated touch, while the luxurious primary suite provides a peaceful escape overlooking the lake. Its spa-inspired bathroom features a spacious walk-in shower and tranquil water views, creating the perfect place to unwind after a long day on the lake. Modern smart-home technology adds an additional layer of modern touch, with smart thermostats and integrated technology systems thoughtfully incorporated throughout the property to enhance functionality. The outdoor living spaces allow the escape to continue. Multiple expansive covered porches dramatically extend the living area and feature rich cedar tongue-and-groove ceilings, a stone fireplace, and television -- creating an inviting setting for your morning coffee, watching the sunrise on the lake. The heated saltwater pool, equipped with Omni Smart controls, provides the perfect centerpiece for summer days spent lakeside. Just beyond, a Hot Spring 8-person hot tub invites you to relax while taking in sweeping views of the water. The poolside recreation room elevates entertaining even further, complete with a wet bar and cascading glass doors that seamlessly connect the spaces. And then there is the dock -- a destination all its own. The impressive covered waterfront dock features an upper-level party deck, enclosed bar area, and abundant room for anything your heart desires. THIS IS EVERYTHING YOU NEED, AND MORE! DON'T MISS OUT ON THIS BLESSING! Buyers and Buyer's Agent to independently verify all property information. Rental income is projected and is not guaranteed. Interior and exterior photos 14-56 shown are of the model home upon which this completed residence was based and may not represent the exact finishes, furnishings, landscaping, or features of the subject property.
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FeaturesGeneralLiving Area 4150
Sewer Private Septic Tank
Heating Heat Pump(s)
Cooling Heat Pump(s)
Possession 0-30 Days CD 31-60 Days CD 61-90 Days CD Negotiable
Zoning 0
Architectural Style Coastal
Construction Materials Other
School District FRANKLIN COUNTY PUBLIC SCHOOLS
Year Built 2026
View Lake
Levels 1.5
Tax Year 2026
Ownership Other
Cool Fuel Electric
Accessibility None
County FRANKLIN
New Construction Y
Property Type Residential
HOA N
Subdivision Name NONE AVAILABLE
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 6
Status ACTIVE
Directions Old Franklin Tpke. to left on Old Mountain rd left on Smith mt. Rd. to right onto Sanctuary Bay rd to end property on Left
City PENHOOK
Body of Water Smith Mountain Lake
Senior Community Y/N N
Tax Annual Amount 1833.0
Property Condition Excellent
Structure Type Detached
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 2
Bathrooms Count Main Level 2.00
Price Per Sq Ft Total AG 1117.34
Construction Completed Y/N N
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
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InteriorHeating Fuel Electric
Basement Walkout Level
Hot Water Electric
Basement (Y/N) Y
Heating Y/N Y
Above Grade Finished Area 2139
Half Baths 0
Central Air Y/N N
Total Bedrooms 9
Below Grade Finished Area 2011
Main Level Bedrooms 2
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Estimated
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Total Baths 6
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ExteriorPool Yes - Personal
Water Source Private
Type of Parking None
Foundation Details Other
Water View Y/N Y
Lot Dimensions 1.14 Acres
Water Body Type Lake
Waterfront Y/N Y
Navigable Water Y/N N
Water Oriented Y/N Y
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* Excluded FeaturesList ByVirginia Realty GroupBroker
porterrealtor1@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $15,091
- Monthly Property Taxes
- $153
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Penhook, VA
Average List Price $2,390,000
Percent of Sale Price 0%
About Penhook, VA 841 Population
30% Since 2002
$ 70,339 Median Income
61.54 Median Age
13% Households with Children
Trends Information provided by ATTOM Data Solutions.
4503319 Elementary School
4503318 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/18/2026 | $2,390,000 | | Listed Price |