See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

512 Ridgelake Rd, Goodview, VA, 24095

2beds
1baths
924sqft
$399,900
$433price/sqft
$2,484/moest. monthly cost
$99,360/yrincome needed

About This Home

Move-in ready waterfront home on Smith Mountain Lake. Offering the ideal blend of vacation retreat, permanent residence, location, and lake lifestyle. Perfectly situated on a deep-water channel, this property includes an assigned private dock with motorized boat hoist, two jet ski ramps and reliable, year-round water providing effortless access to the main channel for boating, cruising, and watersports.With an impressive 169 feet of shoreline, the property delivers an exceptional waterfront setting with ample space to enjoy outdoor living, entertain guests, or simply relax and take in the serene lake views. The protected channel location offers calmer waters while still keeping you just moments from the open lake, an ideal combination highly sought after at Smith Mountain Lake! Whether you're searching for a full-time residence or a premier lake retreat, this property captures the essence of SML living with convenience, accessibility, and lasting value. All information is derived from county records and is believed to be accurate but should be independently verified by the purchaser or purchaser's agent. Turn Key ready is negotiable!

Getting Around

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

Schools

7/10
5/10
3/10

Construction

Condition

  • Property condition: Completed
  • Year built: 1984

Type & Style

  • Home type: MobileManufactured
  • Property subType: Manufactured Home

Interior

Appliances

  • Appliances included: Dryer,Washer,Electric Range,Range Hood,Refrigerator

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Carpet,Vinyl
  • Finished area above ground: 924

Heating & Cooling

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

Interior Area

  • Total structure area: 924
  • Total interior livable area: 924 sqft

Property

Details

  • Parcel number: 192 11 22

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck,Front Porch
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Waterfront
  • Waterbody name: Smith Mtn Lake

Lot

  • Lot size: 1.03 Acres

Parking

  • Total spaces: 4
  • Parking features: Off Street
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4

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
    DroughtModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Drought
Inland Flooding
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across Virginia Counties

Flood
Severe Storm
Tornado
Tropical Storm
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 $2,022$24,264
Home Insurance *$131$1,572
Property Taxes $129$1,548
Electricity $202$2,433
Total$2,484$29,808
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$85,165/yr
40% on housing$74,520/yr
45% on housing$66,240/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: 11.3%
11.3%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: -1.5%
-1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$433This listing

vs Other Active Listings

Avg $/sqft

ZIP 24095$274
Bedford County$195

vs Homes Sold Last Month

Median $/sqft

ZIP 24095$181
Bedford County$181

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
2026-03-05Listed for sale$420,000
2021-08-26Sold$130,000
2011-04-17Listing removed$135,400
2010-03-18Listed for sale$135,400

For Sale by Agent

AgentRYAN PEYTON ADKINS
BrokerageGATEWAY REAL ESTATE LLC

Similar Homes