240 Lookout Point Dr, Valentines, VA, 23887
About This Home
DEEP WATER in PEA HILL CREEK on Lake Gaston! NEARLY an ACRE LOT! This 3-bedroom, 2-bath home offers the perfect opportunity to enjoy lake life with deep water access, making it ideal for boating, fishing, swimming, and year-round recreation. This property provides plenty of room to relax, entertain, or expand your outdoor living space while enjoying peaceful waterfront views. A new HVAC and roof on the home installed in 2026 offers added peace of mind. The nearby community boat ramp just two lots down provides convenient access to the lake. Whether you're searching for a full-time residence or a weekend getaway, this affordable waterfront home offers the ideal setting to create lasting memories on the lake.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1997
Materials
- Foundation: Crawl Space
Type & Style
- Home type: SingleFamily
- Property subType: Residential/Vacation
Interior
Appliances
- Appliances included: Refrigerator,Dishwasher,Range/Oven-Electric
- Laundry features: Washer &/or Dryer Hookup
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Fireplace features: None
- Finished area below ground: 0
- Finished area above ground: 1,323
Heating
- Heating features: Other
Interior Area
- Total structure area: 1,323
- Total interior livable area: 1,285 sqft
Property
Details
- Parcel number: 101S211
- Zoning description: Residential
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Cove,Scenic,Neighborhood
- On waterfront: Yes
- Waterfront features: Lake Gaston,Pea Hill Creek (NE)
- Waterbody name: Lake Gaston NE Quad
Lot
- Lot size: 0.85 Acres
Parking
- Parking features: None-Carport
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
- Drought
- Hurricane
- Inland Flooding
- 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 | $2,588 | $31,056 |
| Home Insurance * | $266 | $3,192 |
| Property Taxes | $199 | $2,388 |
| Electricity | $202 | $2,433 |
| Total | $3,255 | $39,060 |
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 |
|---|---|---|
| 2026-08-07 | Price change | $499,000 |
| 2026-07-04 | Listed for sale | $512,000 |
View on Zillow