With its iconic A-frame architecture, soaring cathedral ceilings, and expansive main channel views, the home offers the perfect blend of rustic warmth and timeless waterfront appeal. Designed for comfortable entry-level living, the interior is filled with natural sunlight that pours through the dramatic wall of windows, bringing the beauty of the outdoors inside. Warm wood accents, inviting gathering spaces, and tranquil lake views create an atmosphere that feels both cozy and unforgettable -- the kind of place where generations of lake memories are made. The lower-level stamped concrete patio provides the perfect setting for quiet mornings, evening gatherings, or simply relaxing while surrounded by nature and peaceful water views. Positioned on a quiet section of the lake, the property offers the rare combination of wide-water scenery and a serene, private atmosphere. Adding tremendous value and flexibility, the property also includes an additional buildable waterfront lot next door -- ideal for creating a guest home, expanding your lakefront footprint, or preserving as a natural buffer for enhanced privacy. Lovingly maintained and full of character, this special waterfront retreat is ready to welcome its next chapter.
Single-familyProperty Type
2002Year Built
2.86 acresLot Size
$171Price/Sq.Ft.
$46/moHOA Dues
2 spacesParking
Listed by JADA TURNER• BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Est. $3,041 per month, based on comparable rentals
Sale and tax history for 1042 Runaway Bay Rd
Sale History
Tax History
Date
Event
Price
MLSRV #927362
Jun 24, 2026
Sold
$480,000
$171/sq ft
May 22, 2026
Pending
—
May 8, 2026
Listed
$485,000
$172/sq ft
Public Records
Oct 6, 1998
Sold
$59,880
$21/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$2,122
$137,500 + $334,000
$471,500
2025
$2,122
$137,500 + $334,000
$471,500
2024
$2,122
$137,500 + $334,000
$471,500
2023
$2,122 (+10.6%)
$137,500 + $334,000
$471,500
2022
$1,918
$137,500 + $334,000
$471,500
2021
$1,918
$156,000 + $212,900
$368,900
2020
$1,918
$156,000 + $212,900
$368,900
2019
$1,918 (−1.6%)
$156,000 + $212,900
$368,900
2018
$1,950
$156,000 + $212,900
$368,900
2017
$1,950
$156,000 + $219,000
$375,000
2016
$1,950 (−7.2%)
$156,000 + $219,000
$375,000
2014
$2,102
$155,600 + $248,800
$404,400
Public record
Beds
2
Baths
2.5
Stories
1
Lot width
—
Lot depth
—
Lot size
1.55 Acres
Year renovated
—
Sq. Ft.
2,381
Year built
2002
Style
Single Family Residential
County
Campbell County
APN
96A 1 80
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 1, 2026.
Property details
Parking
Garage and Parking Information
# of Covered Spaces: 2
Interior
Bedroom Information
# of Bedrooms (Total): 2
# of Main Level Bedrooms: 1
Bathroom Information
# of Full Bathrooms: 2
# of Half Bathrooms: 1
# of Main Level Bathrooms: 1
Fireplace Information
Has Fireplace
# of Fireplaces (Total): 1
Interior Features
# of Rooms (Total): 8
Door Features: Fiberglass, Full View
Flooring: Tile, Wood
Exterior
Building Information
Building Area (Total): 2,815
Year Built: 2002
Property Information
PropertyType: Residential
Lot Information
Lot Size Area: 2.86
Lot Size Acres: 2.86
Lot Size Square Feet: 124,581.6
Lot Size Units: Acres
Waterfront: Yes
Water Body Name: Leesville Lake
Waterfront Features: Main Channel
Zoning: -1
Financial
Tax Information
Tax Annual Amount: $2,627.98
Parcel Number: 96A-1-80, 96A-1-79
Utilities
Heating & Cooling
Has Heating
Has Cooling
Cooling: Heat Pump Electric
Heating: Heat Pump Electric
Location
HOA Information
Has Home Owners Association
Association Fee: $550
Association Fee Frequency: Annually
School Information
Elementary School: Other - See Remarks
Middle Or Junior School: Other - See Remarks
High School: Other - See Remarks
Location Information
Directions: SML Pkwy to R Carters Mill, L Chellis Ford, R Mt Airy, L Runaway Bay, home on left
Public facts
Beds: 2
Baths: 2.5
Sq. Ft.: 2,381
Stories: 1.0
Lot Size: 1.55 acres
Style: Single Family Residential
Year Built: 2002
Year Renovated: —
County: Campbell County
APN: 96A 1 80
Home facts updated by county records on Oct 1, 2026
Other
Listing Information
ListingId: 927362
ListPrice: $485,000
Around this home
Schools
Altavista Elementary School
Public PreK-5 • Assigned • 8.0mi
5/10
Altavista High School
Public 6-12 • Assigned • 6.7mi
4/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 102° expected this year, 18 days in 30 years
2/10 Wind Factor
3% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Lynch Station, VA • 24571
Average low and high temperatures (°F)
45
27
51
33
68
43
75
52
76
56
87
66
90
71
82
65
81
60
69
49
62
43
49
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
98/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Lynch Station. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.