This home's estimate is 18.8% lower than the average sale price ($1.17M) of 6 comparable homes.
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228 Cove Rd, Penhook, VA 24137
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About this home
Turn-key lakefront investment opportunity in the AirBNB zone of Pittsylvania County! 228 Cove Rd features 4 bedrooms, 4 baths, and 142 feet of deep-water frontage on nearly half an acre -- delivering some of the best views in the Cove of Smith Mountain Lake and the Blue Ridge Mountains. Designed for comfort, flexibility and is fully furnished. This home is ready for immediate enjoyment or rental income. Three bedrooms offer en-suite baths, including a spacious upper-level suite overlooking the water. Private deck access from an additional suite makes it perfect for guest privacy and elevated rental appeal. Outdoor living steals the show here. For added peace of mind, the seller has already pulled septic permits and completed a septic pump/inspection (report available) Whether you're looking for a full-time residence, vacation getaway, or income-producing investment, this turnkey lakefront home is move-in ready and sold fully furnished.
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Market trends in 24137, VA
Last updated August 2026
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Est. $3,874 per month, based on comparable rentals
Sale and tax history for 228 Cove Rd
- Sale History
- Tax History
$276/sq ft
$294/sq ft
$287/sq ft
$280/sq ft
$313/sq ft
$331/sq ft
$331/sq ft
$331/sq ft
$331/sq ft
$331/sq ft
$368/sq ft
$283/sq ft
$147/sq ft
$30/sq ft
Public record
Property details
Parking
- Garage and Parking Information
- # of Covered Spaces: 2
- # of Open Parking Spaces: 3
- Other Parking: Off Street Parking
Interior
- Bedroom Information
- # of Bedrooms (Total): 4
- # of Main Level Bedrooms: 2
- Bathroom Information
- # of Full Bathrooms: 4
- # of Main Level Bathrooms: 2
- Interior Features
- Appliances: Microwave Oven (Built In)
- Door Features: Fiberglass, Sliding
- Window Features: Storm, Tilt-In
- Flooring: Wood
- Floor Plans Change Timestamp: Thursday, August 28, 2025 1:47 PM
Exterior
- Building Information
- Building Area (Total): 2,718
- Year Built: 1971
- Exterior Features
- Patio And Porch Features: Rear Porch
- Property Information
- PropertyType: Residential
- Lot Information
- Lot Size Area: 0.51
- Lot Size Acres: 0.51
- Lot Size Square Feet: 22,215.6
- Lot Size Units: Acres
- Waterfront: Yes
- Water Body Name: Smith Mtn Lake
- Waterfront Features: Cove, No Wake Area
Financial
- Tax Information
- Tax Annual Amount: $3,401
- Parcel Number: 1563-21-4786
Utilities
- Heating & Cooling
- Has Heating
- Has Cooling
- Heating: Heat Pump Electric
Location
- Location Information
- Directions: from Old Franklin Tpk (40) L on SR-645 L on 626 Smith Mountain Rd L on Lakeside Rd Veer R on Cove RD House on R
Public facts
- Beds: 3
- Baths: 3.0
- Sq. Ft.: 2,268
- Stories: 2.0
- Lot Size: 0.51 acres
- Style: Single Family Residential
- Year Built: 1971
- Year Renovated: 2007
- County: Pittsylvania County
- APN: 1563-21-4786
Other
- Listing Information
- ListingId: 920376
- ListPrice: $799,999
Around this home
Schools
Public PreK-5 • Assigned • 13.6mi
Public 6-8 • Assigned • 13.4mi
Public 9-12 • Assigned • 13.6mi
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 101° expected this year, 19 days in 30 years
4% chance of strong winds in next 30 years
1 unhealthy days expected this year, 1 days in 30 years
Sun exposure
Very good sunlight
SunscoreThere appears to be minimal shading by surrounding buildings, terrain, and vegetation.
Sell confidently with a local market expert in Penhook.
Nearby similar homes
New listings for sale in 24137
Home values near 228 Cove Rd
| Address | Redfin Estimate |
|---|---|
3 Beds | 2.5 Baths | 3608 Sq. Ft. | $911,180 |
2 Beds | 2 Baths | 3367 Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1344 Sq. Ft. | $546,065 |
- Beds | - Baths | - Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
4 Beds | 3 Baths | 2578 Sq. Ft. | $882,672 |
3 Beds | 2 Baths | 1464 Sq. Ft. | $399,338 |
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