




176 Three Point Isle Dr, Penhook, VA, 24137
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
Schools
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
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Virginia Counties
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
| Monthly | Annual | |
|---|---|---|
| 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 |
Income You'd Need if You Spent...
Virginia FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-27 | Listed for sale | $3,599,000 |
| 2025-11-17 | Listing removed | $3,799,000 |
| 2025-09-12 | Listed for sale | $3,799,000 |
| 2021-10-06 | Sold | $356,100 |
