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176 Three Point Isle Dr, Penhook, VA, 24137

5beds
6baths
5,678sqft
$3,599,000
$634price/sqft
$20,949/moest. monthly cost
$837,960/yrincome needed

About This Home

Stunning Smith Mountain Lake waterfront estate designed by renowned lake architect Antonio Veloso and constructed in 2022 as a luxury home builder's personal residence. A showcase of elegance and craftsmanship, this remarkable property is nestled on nearly an acre on the exclusive Three Pointe Isle peninsula and offers sweeping lake views from multiple vantage points. From the front of the home, enjoy spectacular sunset views across Smith Mountain Lake toward Smith Mountain. Behind the home, the property opens to a calm, protected cove with main-lake views and almost no boat traffic--creating an extraordinary setting that combines dramatic scenery with peaceful waterfront living. Offering over 5,500 square feet of luxury construction, the residence was built with exceptional quality and attention to detail. Constructed with 2x6 exterior walls, spray foam insulation, and premium Pella Lifestyle doors and windows designed to maximize both energy efficiency and the incredible water views. The home features four spacious en-suite bedrooms, including a main-level primary suite with private deck access, stunning lake views, and a spa-inspired bath. The secondary bedrooms are equally impressive, both featuring vaulted ceilings, with one offering its own private balcony overlooking the beautiful main-lake views. A large bonus room with a walk-in closet is currently styled as an oversized fifth bedroom or playroom, providing flexible space for guests or recreation. The finished walkout basement is designed for entertaining and extended guest stays. Featuring a kitchenette, second laundry room, private en-suite bedroom, powder room with a convenient changing area for lake days, and two additional flex rooms that can serve as guest rooms, hobby spaces, offices, or fitness rooms. Technology and convenience are seamlessly integrated throughout the home with a high-tech whole-house audio and visual system with interior and exterior speakers, a security system with exterior cameras, elegant exterior uplighting, and a programmable irrigation system. The waterfront amenities are equally impressive. The enormous dock is designed as a true lakefront entertainment hub and includes two boat lifts, two jet ski docks, expansive party space, a giant floater, kayak launch, and paddleboard racks--perfect for enjoying the Smith Mountain Lake lifestyle to its fullest. Located in the peaceful Penhook area of Smith Mountain Lake, the home is just three miles from The Water's Edge Country Club, where non-resident memberships are available for golf, dining, tennis, and social activities. Furnishings by Bassett may be purchased separately, offering the opportunity for a nearly turnkey luxury lakefront retreat.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
16
BikeSomewhat Bikeable

Schools

7/10
Dudley Elementary SchoolGrades PK-59.1 mi
5/10
Ben. Franklin Middle-WestGrades 6-815.8 mi
4/10
Franklin County High SchoolGrades 9-1215.5 mi

Construction

Condition

  • Property condition: Completed
  • Year built: 2022

Materials

  • Construction materials: Fiber Cement,Stone

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Other - See Remarks,Electric Range,Refrigerator

Basement

  • Has basement: Yes

Bedroom1

  • Level: E

Bedroom2

  • Level: U

Bedroom3

  • Level: U

Bedroom4

  • Level: U

Bedroom5

  • Level: L

Bedroom6

  • Level: L

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 4
  • 1/2 bathrooms: 2

Dining Area

  • Level: E

Family Room

  • Level: L

Features

  • Other - See Remarks,Wet Bar
  • Door features: Other - See Remarks
  • Window features: Other - See Remarks
  • Number of fireplaces: 3
  • Fireplace features: Basement,Living Room,Recreation Room
  • Fireplace: Yes
  • Finished area below ground: 1,772
  • Finished area above ground: 3,906

Heating & Cooling

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

Interior Area

  • Total structure area: 5,678
  • Total interior livable area: 5,678 sqft

Kitchen

  • Level: E

Living Room

  • Level: E

Other

  • Level: L

Recreation Room

  • Level: L

Property

Details

  • Parcel number: 050 00006 02
  • Other equipment: Generator

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck,Patio,Front Porch,Rear Porch
  • Exterior features: Balcony,Other - See Remarks
  • Has view: Yes
  • View description: Sunset
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Waterfront,Cove,Riprap Shoreline
  • Waterbody name: Smith Mtn Lake

Lot

  • Lot size: 0.84 Acres
  • Features: Views

Parking

  • Total spaces: 2
  • Parking features: Attached,Other,Paved,Garage Door Opener
  • 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 $18,198$218,376
Home Insurance *$922$11,064
Property Taxes $1,283$15,396
Electricity $546$6,562
Total$20,949$251,388
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$718,251/yr
40% on housing$628,470/yr
45% on housing$558,640/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

$634This listing

vs Other Active Listings

Avg $/sqft

ZIP 24137$335
Franklin County$237

vs Homes Sold Last Month

Median $/sqft

ZIP 24137$301
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
2026-03-27Listed for sale$3,599,000
2025-11-17Listing removed$3,799,000
2025-09-12Listed for sale$3,799,000
2021-10-06Sold$356,100

For Sale by Agent

AgentCOURTNEY MILLS GRECO
BrokerageEXP REALTY LLC - FOREST

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