This Amazing property includes Two Gently sloping Waterfront Lots with over 300' of total Shoreline tucked into a nice clean Cove in the highly sought after Union Hall area. This amazing Cottage has over 2100sf of living space that has been thoroughly updated. It's decorated as 4 Bedrooms and 2 Bathrooms and has a 2 bedroom septic system. The huge covered rear deck provides beautiful views of the lake. The Dock was recently built by Turner's Dock Building. The 2nd lot has been perked for a 3 bedroom septic, has a sandy beach and plenty of room for a nice home if you'd like to invest in building one. A beautiful hardscaped walkway leads from the house to the dock and includes a new patio overlooking the lake and would be a great place to sit around a fire pit and enjoy the sunset. The Dock has an enclosed storage area with a roll-up window and plenty of room to entertain friends and family and an extra large floater to swim off of or tie your sailboat to. A second slip could be created if needed. Taxes are $2277 for Lot 6 with the House & Dock and $305 for Lot 5. Lot 5 has over 100' of Shoreline so it's possible to build a Dock on the Lot. The Property has had many Updates since the Owners purchased it. Here's a list of the Major Improvements: -Finished Basement. -New Dock built by Turner Dock Builders, with extra large floater. -Utility Shed added. -Kitchen Countertop and Sink. -New Dishwasher. -Updated Kitchen Backsplash. -Removal of Several Trees. -Hardscaped the walkway from the house to the Dock and Patio Area. -Driveway Grading and Paving. -New Bathrooms, Heated Floor in the Lower Level Bathroom. -Closed in the Loft area with a Wall, Door and Window. -Added Picture Window in the Great Room area. Boats and Kayaks are Available outside of Closing. These properties have a lot to offer! Don't miss out on the opportunity to purchase this beautiful home that has the views and seclusion with a gentle slope to the lake that you've been looking for.
Single-familyProperty Type
1971Year Built
1.02 acresLot Size
$457Est. Price/Sq.Ft.
Listed by JIM SINGLETON• BUYERS AGENCY OF SMITH MOUNTAIN LAKE LLC
Bought with DIANE HOFFMAN• PROPERTY NAVIGATORS LLC
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Earn from this home
Rent
$3,021/mo
Redfin rental estimate
List your home for rent
Market trends in 24176, VA
Last updated August 2026
Buyer's Market
Seller's Market
Balanced market
Sale-to-List Price
97.6%
0.7% MoM
Median sale price
$925K
$209 MoM
Avg. days on market
20d
85 days MoM
Recently sold homes
5
3 MoM
Provided by Redfin
Sale history for 581 Lakestone Rd
Date
Event
Price
MLSRV #904095
Feb 8, 2024
Sold
$975,000
$462/sq ft
Jan 13, 2024
Pending
—
Jan 5, 2024
Relisted
—
Jan 3, 2024
Listing Removed
—
Jan 3, 2024
Listed
$999,900
$473/sq ft
MLSRV #826280
Oct 6, 2017
Sold
$357,000
$169/sq ft
May 12, 2016
Listed
$429,900
$204/sq ft
+50
Lake Cottage set on DOUBLE LOT enjoys peaceful mountain views! Spend your days on the dock or enjoy reading a book in front of the fire. Idyllic living with hardly any maintenance comes with an extra lot. 3 bedrooms, 2 full baths, full walkout lower level completely remodeled. Perfect for weekend getaways - open living space.
MLSRV #814647
Apr 28, 2016
Listing Removed
—
May 4, 2015
Listed
$479,950
$227/sq ft
MLSRV #809039
Apr 21, 2015
Listing Removed
—
Oct 21, 2014
Listed
$499,950
$237/sq ft
MLSRV #764366
Nov 30, 2011
Listing Removed
—
Oct 29, 2010
Listed
$499,900
$237/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,477
$214,000 + $362,100
$576,100
2024
$2,477 (+8.8%)
$214,000 + $362,100
$576,100
2023
$2,277
$209,000 + $164,300
$373,300
2022
$2,277
$209,000 + $164,300
$373,300
2021
$2,277
$209,000 + $164,300
$373,300
2020
$2,277 (−12.0%)
$209,000 + $164,300
$373,300
2019
$2,586 (+10.3%)
$224,000 + $200,000
$424,000
2018
$2,345 (+10.9%)
$224,000 + $160,500
$384,500
2017
$2,115
$224,000 + $160,500
$384,500
2016
$2,114 (−0.9%)
$224,000 + $160,500
$384,500
2014
$2,134
$224,000 + $164,000
$388,000
Tax history for 581 Lakestone Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,477
$214,000 + $362,100
$576,100
2024
$2,477 (+8.8%)
$214,000 + $362,100
$576,100
2023
$2,277
$209,000 + $164,300
$373,300
2022
$2,277
$209,000 + $164,300
$373,300
2021
$2,277
$209,000 + $164,300
$373,300
2020
$2,277 (−12.0%)
$209,000 + $164,300
$373,300
2019
$2,586 (+10.3%)
$224,000 + $200,000
$424,000
2018
$2,345 (+10.9%)
$224,000 + $160,500
$384,500
2017
$2,115
$224,000 + $160,500
$384,500
2016
$2,114 (−0.9%)
$224,000 + $160,500
$384,500
2014
$2,134
$224,000 + $164,000
$388,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
2
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
0.56 Acres
Year renovated
2001
Sq. Ft.
2,112
Year built
1971
Style
Single Family Residential
County
Franklin County
APN
048/02/056/00////
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
Property details
Interior
Bedroom Information
# of Bedrooms (Total): 4
# of Main Level Bedrooms: 2
Bathroom Information
# of Full Bathrooms: 2
# of Main Level Bathrooms: 1
Fireplace Information
Has Fireplace
# of Fireplaces (Total): 1
Interior Features
# of Rooms (Total): 10
Appliances: Microwave Oven (Built In)
Door Features: Insulated
Window Features: Clad
Flooring: Carpet, Concrete, Laminate
Interior Features: Attic Fan
Exterior
Building Information
Building Area (Total): 2,112
Year Built: 1971
Exterior Features
Patio And Porch Features: Rear Porch, Side Porch
Property Information
PropertyType: Residential
Lot Information
Lot Size Area: 1.02
Lot Size Acres: 1.02
Lot Size Square Feet: 44,431.2
Lot Size Units: Acres
Waterfront: Yes
Water Body Name: Smith Mtn Lake
Waterfront Features: Beach, Cove, Riprap Shoreline
Financial
Tax Information
Tax Annual Amount: $2,582
Parcel Number: 0480205600 & 0480205500
Utilities
Heating & Cooling
Has Heating
Heating: Heat Pump
Location
School Information
Elementary School: Glade Hill
Middle Or Junior School: Ben Franklin Middle
High School: Franklin County
Location Information
Directions: 40E to Union Hall Left on Kemp Ford, to Right on Dillard Hill to Right on Lakestone to home on Left
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 2,112
Stories: 1.0
Lot Size: 0.56 acres
Style: Single Family Residential
Year Built: 1971
Year Renovated: 2001
County: Franklin County
APN: 048/02/056/00////
Home facts updated by county records on Jul 29, 2026
Other
Listing Information
ListingId: 904095
ListPrice: $999,900
Around this home
Schools
Glade Hill Elementary School
Public PreK-5 • Assigned • 7.3mi
7/10
Benjamin Franklin Middle School
Public 6-8 • Assigned • 14.0mi
7/10
Franklin County High School
Public 9-12 • Assigned • 13.7mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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, 18 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
Union Hall, VA • 24176
Average low and high temperatures (°F)
43
27
49
33
67
43
73
52
74
56
85
66
88
71
80
65
78
61
70
50
61
43
48
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.8 hours in December, placing it below the
U.S. average for solar exposure.
9.1 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$917,000 – $1.11M
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