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85 Cedar Bay Rd, Union Hall, VA, 24176

8beds
6baths
6,596sqft
$1,895,000
$287price/sqft
$11,218/moest. monthly cost
$448,720/yrincome needed

About This Home

With a special use permit, this exceptional waterfront home presents a rare opportunity as a fully turnkey short-term rental or an effortless personal retreat--just in time for the summer season. Thoughtfully designed with generous living space across the upper, entry, and lower levels, the home offers the ideal layout to comfortably host guests while maintaining privacy throughout. The main level features multiple bedrooms and baths--an uncommon and highly desirable feature for lakefront living--along with a spacious kitchen that provides so much room for gathering and entertaining. Offered fully furnished, including linens, kitchenware, and decor (with only a few personal exclusions--see agent for details), this property is truly move-in or rental ready from day one. Tucked within a quiet, no-wake cove, the setting is perfect for relaxed lake days, swimming, and peaceful enjoyment of the water. The gentle approach to the shoreline enhances accessibility, while the brand-new aluminum dock creates an inviting space for lounging and lakeside living. Meticulously maintained as a second home, the property feels like new and showcases quality finishes throughout, including cherry hardwoods, tigerwood flooring, and soaring cathedral ceilings. Recent updates and features such as a 2025 whole-house generator, brand-new HVAC (being installed in May), separate heat pumps for each level, and gutter guards provide comfort, efficiency, and peace of mind. With no homeowners association, exceptional flexibility, and immediate usability, this property offers the ideal blend of investment potential and personal enjoyment in a serene waterfront setting.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

7/10
5/10
Ben. Franklin Middle-WestGrades 6-810.5 mi
4/10
Franklin County High SchoolGrades 9-1210.3 mi

Construction

Condition

  • Property condition: Completed
  • Year built: 2011

Materials

  • Construction materials: Other - See Remarks,Stone

Type & Style

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

Interior

Appliances

  • Appliances included: Dryer,Washer,Dishwasher,Microwave,Electric Range,Refrigerator

Basement

  • Has basement: Yes

Bedroom2

  • Level: E

Bedroom3

  • Level: E

Bedroom4

  • Level: L

Bedroom5

  • Level: L

Bedroom6

  • Level: L

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 6
  • Full bathrooms: 5
  • 1/2 bathrooms: 1

Dining Room

  • Level: E

Family Room

  • Level: L

Features

  • Storage
  • Door features: French Doors,Wood
  • Window features: Insulated Windows
  • Flooring: Ceramic Tile,Wood
  • Number of fireplaces: 1
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Finished area below ground: 2,698
  • Finished area above ground: 3,898

Foyer

  • Level: E

Great Room

  • Level: U

Heating & Cooling

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

Interior Area

  • Total structure area: 6,596
  • Total interior livable area: 6,596 sqft

Kitchen

  • Level: E

Laundry

  • Level: E

Living Room

  • Level: E

Other

  • Level: L

Other

  • Level: U

Other

  • Level: L

Primary Bedroom

  • Level: E

Recreation Room

  • Level: L

Property

Details

  • Parcel number: 052 02075 00
  • Zoning: A-1

Features

  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Waterfront,Cove
  • Waterbody name: Smith Mtn Lake

Lot

  • Lot size: 1.27 Acres

Parking

  • Total spaces: 2
  • Parking features: Attached
  • Has garage: Yes
  • Covered spaces: 2

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 $9,582$114,984
Home Insurance *$335$4,020
Property Taxes $666$7,992
Electricity $635$7,623
Total$11,218$134,616
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$384,617/yr
40% on housing$336,540/yr
45% on housing$299,146/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

$287This listing

vs Other Active Listings

Avg $/sqft

ZIP 24176$331
Franklin County$240

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
2026-04-17Listed for sale$1,895,000

For Sale by Agent

AgentJADA A. TURNER
BrokerageBERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

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