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2580 Lakewood Forest Rd, Moneta, VA, 24121

5beds
4baths
5,882sqft
$2,148,900
$365price/sqft
$12,807/moest. monthly cost
$512,280/yrincome needed

About This Home

Irreplaceable. This is an estate-grade, site-driven, water-forward custom home offering a rare convergence of 2.55 acres of privacy, very close proximity to the water, deep, clean, wide-water cove access, 180-degree south-facing lake views, substantial dock infrastructure, and enduring construction quality -- a combination that is increasingly rare at Smith Mountain Lake. The property delivers a true lake-estate experience just minutes from Westlake Towne Center, dining, and healthcare, yet remains remarkably secluded with ultra-convenience by both land and water. A sweeping paved driveway, professionally designed, irrigated landscaping set the tone for a property defined by permanence rather than trend. No HOA allows rare flexibility for discreet on-site storage of boats, RVs, and trailers--out of view and without restriction. The stationary dock is substantial and fully equipped with two covered slips, a boat hoist, dual PWC lifts, a spacious footprint, offering dock capacity and usability that are increasingly difficult to permit today. A detached garage/workshop further distinguishes the property, featuring reinforced construction suitable for vehicle lifts, tall ceilings, shop air, propane heat, and a loft-- ideal for collectors, hobbyists, or serious lake lifestyles. Built in 2005 by a notable builder, the residence offers ~5,882 finished sq ft (~6,685 total attached plus unfinished space) with five bedrooms and four baths, including two true upper-level primary suites, a main-level primary/en-suite bedroom, and a flexible lower-level bedroom. Construction includes a brick-and-stucco exterior, 2×6 framing, architectural millwork, quality built-ins, and thoughtfully upgraded finishes. Outdoor living is central to the experience, with a deep composite rear deck, clear-view railing, riprap shoreline, and lakefront hardscaping with a fire pit and integrated lighting. Across the wide-water cove, views extend toward the Waterfront Country Club community, preserving an attractive, unobtrusive backdrop. This property represents a class of Smith Mountain Lake estate that cannot be readily recreated under today's regulations. While finishes may evolve, land, water access, dock entitlements, privacy, and site placement do not. This is not simply a home--it is a legacy lake asset. The home has been thoughtfully and continuously maintained, with key mechanical systems updated over time and select interior finishes recently refreshed to align with current luxury preferences. All documented estate specifications, infrastructure details, and supporting materials are available through the listing agent upon request.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
22
BikeSomewhat Bikeable

Schools

7/10
Dudley Elementary SchoolGrades PK-55.1 mi
5/10
Ben. Franklin Middle-WestGrades 6-813.6 mi
4/10
Franklin County High SchoolGrades 9-1213.8 mi

Construction

Condition

  • Property condition: Completed
  • Year built: 2005

Materials

  • Construction materials: 'Dryvit' Type,Brick

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Washer,Cooktop,Dishwasher,Microwave,Refrigerator,Oven

Basement

  • Has basement: Yes

Bedroom4

  • Level: U

Bedroom5

  • Level: L

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4

Dining Room

  • Level: E

Family Room

  • Level: L

Features

  • Storage
  • Door features: Full View,Insulated
  • Window features: Insulated Windows,Screens
  • Flooring: Carpet,Marble,Ceramic Tile,Wood
  • Number of fireplaces: 3
  • Fireplace features: Family Room,Great Room,Other - See Remarks
  • Fireplace: Yes
  • Finished area below ground: 1,453
  • Finished area above ground: 4,429

Foyer

  • Level: E

Game Room

  • Level: L

Great Room

  • Level: E

Heating & Cooling

  • Heating features: Heat Pump Electric
  • Cooling features: Heat Pump Water

Interior Area

  • Total structure area: 6,685
  • Total interior livable area: 5,882 sqft

Kitchen

  • Level: E

Laundry

  • Level: E

Office

  • Level: E

Other

  • Level: E

Primary Bedroom

  • Level: U

Primary Bedroom

  • Level: U

Primary Bedroom

  • Level: E

Sun Room

  • Level: E

Property

Details

  • Parcel number: 0300002505
  • Zoning: R1

Features

  • Patio & porch: Deck,Front Porch,Rear Porch
  • Exterior features: Sunroom,Maint-Free Exterior
  • Has spa: Yes
  • Spa features: Bath
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Waterfront,Cove,Point,Riprap Shoreline,Southern Exposure
  • Waterbody name: Smith Mtn Lake

Lot

  • Lot size: 2.55 Acres
  • Features: Wooded

Parking

  • Total spaces: 7
  • Parking features: Attached,Paved,Off Street
  • Has garage: Yes
  • Covered spaces: 4
  • Has uncovered spaces: Yes
  • Uncovered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Strong Wind
Lightning
Winter Weather

FEMA Declared Disasters Across Virginia Counties

Flood
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $10,866$130,392
Home Insurance *$620$7,440
Property Taxes $755$9,060
Electricity $566$6,798
Total$12,807$153,684
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$439,097/yr
40% on housing$384,210/yr
45% on housing$341,520/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.3%
9.3%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: -2.3%
-2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$365This listing

vs Other Active Listings

Avg $/sqft

ZIP 24121$295
Franklin County$239

vs Homes Sold Last Month

Median $/sqft

ZIP 24121$239
Franklin County$174

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-05Price change$2,349,000
2026-03-04Listed for sale$2,449,000
2025-11-21Listing removed$2,399,000
2025-09-12Price change$2,399,000
2025-08-02Listed for sale$2,499,000
2025-07-26Listing removed$2,599,000
2025-07-07Price change$2,599,000
2025-05-22Listed for sale$2,795,900
2003-10-31Sold$229,900

For Sale by Agent

AgentMARGARET JEAN CRAYE
BrokerageEXP REALTY LLC - SML

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