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166 Limerick Ln, Union Hall, VA, 24176

5beds
3baths
2,268sqft
$1,349,950
$595price/sqft
$7,756/moest. monthly cost
$310,240/yrincome needed

About This Home

389 feet of Smith Mountain Lake shoreline. More than five private acres. A setting that would be nearly impossible to recreate today. Tucked beneath a canopy of mature hardwoods, this extensively renovated waterfront home offers a rare combination of privacy, shoreline, and craftsmanship. Long before you step inside, the property makes an impression--from the winding drive through the trees to the expansive lawn leading to the water's edge. Inside, tall ceilings and walls of windows draw the lake into the main living spaces, while a floor-to-ceiling stone fireplace anchors the great room. The kitchen is finished with Viking appliances, quartz countertops, custom shaker cabinetry, a farmhouse sink, and a gas cooktop. Extensive board and batten wainscoting and custom millwork add character and architectural detail throughout the home. The main level also offers a lakefront primary suite, two additional bedrooms, and beautifully renovated baths featuring custom tile work and high-end finishes. The primary bath is highlighted by a frameless glass shower with a rain shower head, creating a spa-inspired retreat. The walkout lower level provides exceptional flexibility with a spacious family room, kitchenette with coffee bar, two additional bedrooms, a full bath, and an electric fireplace, creating an ideal space for guests or extended family. Outdoor living is equally impressive with a sprawling new composite deck overlooking the lake, a screened porch, covered parking, and more than five acres of beautifully wooded surroundings. The flexible floor plan and exceptional setting also present an outstanding opportunity for use as a vacation home, or private family retreat. Behind the scenes, the home has been thoughtfully updated to include a newly added septic to now make it a five-bedroom septic system, tankless propane water heater, updated electrical service, fiber internet, EV charging, generator-ready conduit, and numerous additional improvements. Plans are already in place for a new dock. AEP approval has been secured, construction plans have been completed, and the required deposit has been paid, allowing the next owner to focus on building rather than permitting. Properties offering this combination of shoreline, acreage, privacy, and quality renovations seldom become available.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
1
BikeSomewhat Bikeable

Schools

7/10
4/10

Construction

Condition

  • Property condition: Completed
  • Year built: 1988

Materials

  • Construction materials: Brick,Fiber Cement

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Gas Range,Refrigerator

Basement

  • Has basement: Yes

Bedroom2

  • Level: E

Bedroom3

  • Level: E

Bedroom4

  • Level: L

Bedroom5

  • Level: L

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Dining Area

  • Level: E

Family Room

  • Level: L

Features

  • Storage
  • Door features: Full View,Metal
  • Window features: Insulated Windows
  • Flooring: Ceramic Tile
  • Number of fireplaces: 2
  • Fireplace features: Family Room,Living Room
  • Fireplace: Yes
  • Finished area below ground: 910
  • Finished area above ground: 1,358

Heating & Cooling

  • Heating features: Ductless,Forced Air,Heat Pump Electric
  • Cooling features: Central Air,Ductless

Interior Area

  • Total structure area: 2,268
  • Total interior livable area: 2,268 sqft

Kitchen

  • Level: E

Laundry

  • Level: L

Living Room

  • Level: E

Office

  • Level: L

Primary Bedroom

  • Level: E

Sun Room

  • Level: E

Property

Details

  • Parcel number: 052 00119 02

Features

  • Patio & porch: Deck,Patio
  • Has view: Yes
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Waterfront,Cove,Riprap Shoreline
  • Waterbody name: Smith Mtn Lake

Lot

  • Lot size: 5.16 Acres
  • Features: Varied

Parking

  • Parking features: Attached Carport
  • Carport: Yes

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 FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Strong Wind
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 $6,826$81,912
Home Insurance *$238$2,856
Property Taxes $474$5,688
Electricity $218$2,621
Total$7,756$93,072
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$265,920/yr
40% on housing$232,680/yr
45% on housing$206,826/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

$595This listing

vs Other Active Listings

Avg $/sqft

ZIP 24176$287
Franklin County$237

vs Homes Sold Last Month

Median $/sqft

ZIP 24176$290
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
2026-08-12Price change$1,299,950
2026-07-21Listed for sale$1,349,950
2021-03-24Listing removed--
2019-07-05Listing removed$2,750
2019-07-04Listed for rent$2,750

For Sale by Agent

AgentRYAN NICELY
BrokerageRE/MAX ALL STARS

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