200 Sweetwater Bay Dr, Penhook, VA 24137

$2,390,000
  • 200 Sweetwater Bay Dr, Penhook, VA 24137 Main Photo

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Active Price Reduced by $105,000 on September 8th, 2026
BEDS9 BATHS6 full SQUARE FEET3,941 MLS#928704
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONSanctuary Village

Property Description

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

200 Sweetwater Bay Dr | MLS# 928704

This single family home located at 200 Sweetwater Bay Dr, Penhook, VA 24137 is currently listed for sale with an asking price of $2,390,000. This property was built in 2025 and has 9 bedrooms and 6 full baths with 3941 sq. ft. Sweetwater Bay Dr is located in the Sanctuary Village subdivision. Search Sanctuary Village real estate on www.realtorlara.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Cooling: Heat Pump Electric
Heating: Heat Pump Electric
Home Style: Contemporary
Lot Size: 1.14 Acres
Taxes: $1,833
Year Built: 2025

Feature Descriptions

Days on Site: 78
Exterior: See Remarks
Floor: Tile
Lot: Level, Secluded
Lot Dimensions: 1.14 acre(s)
Sewer: Private Septic
Water: Private Well

Listed By / Shown By

Listed By

Agency Name: VIRGINIA REALTY GROUP

Shown By

Agent Name: Lara Bingeman
Agent Phone: (540) 793-0844
Agency Title: MKB, REALTORS

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Estimated Payment

$ 6,168.94 per month $5,319.10 Principal & Interest $152.75 Property Tax $697.08 Homeowner's Insurance

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