Welcome to your newly remodeled waterfront retreat on Smith Mountain Lake! This stunning 3-bedroom, 3-bathroom home combines modern updates with the relaxed charm of lakefront living. Step inside to discover a thoughtfully renovated interior with comfortable living spaces and breathtaking water views. The finished basement provides additional space for entertaining, complete with a built-in bar--perfect for hosting family and friends after a day on the lake. Outside, enjoy your own private waterfront setting with a large dock, offering plenty of room for boating, swimming, fishing, and soaking in the spectacular Smith Mountain Lake sunsets. Whether you're looking for a peaceful full-time residence, a weekend getaway, or an investment opportunity, this property offers exceptional versatility. With its prime waterfront setting, expansive views, remodeled interiors, finished basement, and impressive dock, this home is ready to enjoy. It also has the potential for use as a short-term rental! Come experience lake life at its finest!
Single-familyProperty Type
1981Year Built
0.49 acresLot Size
$356Price/Sq.Ft.
1 spaceParking
Listed by AUDREY EVANS• RE/MAX LAKEFRONT REALTY INC
A Rare Waterfront Opportunity on Smith Mountain Lake! This sprawling 3-bedroom, 3-bath ranch-style home with a finished terrace level is brimming with potential and ready for your personal touch. Perfectly positioned to take in the beauty of Smith Mountain Lake, the open floor plan features a spacious sunroom offering panoramic lake views, along with multiple decks and porches ideal for outdoor living and entertaining. Downstairs, the terrace level boasts a cozy stone fireplace and an impressive bar area—perfect for hosting gatherings or relaxing after a day on the water. Whether you're looking for a full-time residence, a vacation retreat, or an investment property, this rare lakefront gem checks all the boxes—and short-term rentals are allowed, offering incredible income potential Seller is now offering short term owner financing with an acceptable offer. Fantastic investment opportunity.
Year
Property tax
Land + Additions
Assessment*
2026
$3,355 (+10.7%)
$300,000 + $241,100
$541,100
2025
$3,030
$300,000 + $241,100
$541,100
2024
$3,030 (+35.3%)
$300,000 + $241,100
$541,100
2023
$2,240
$200,000 + $161,300
$361,300
2022
$2,240 (+100.0%)
$200,000 + $161,300
$361,300
2021
$1,120 (−50.0%)
$200,000 + $161,300
$361,300
2020
$2,240
$200,000 + $161,300
$361,300
2019
$2,240
$200,000 + $161,300
$361,300
2018
$2,240 (+5.1%)
$200,000 + $161,300
$361,300
2017
$2,130
2016
$2,130
2014
$2,130
Public record
Beds
3
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
0.49 Acres
Year renovated
—
Finished Sq. Ft.
2,796
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,796
Year built
1981
Style
Mobile/Manufactured Home
County
Pittsylvania County
APN
1563-42-1053
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 8, 2026.
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 101° expected this year, 19 days in 30 years
2/10 Wind Factor
4% 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
Penhook, VA • 24137
Average low and high temperatures (°F)
43
27
49
33
66
43
74
52
75
56
86
66
88
71
80
65
78
62
70
51
61
43
48
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 320 Fingerlake Rd
$994,687
$313 under list price of $995K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $750K to $1.7M.