For saleNew this week

127 Village Green Dr

Penhook, VA 24137 · The Waters Edge

$549,900

2beds
2baths
1,416sq ft
2003built

Listed by Berkshire Hathaway Homeservices Smith Mountain Lake Real Estate

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About this home.

Your Smith Mountain Lake getaway awaits at The Water's Edge Golf & Country Club! Discover the perfect place to relax, unwind, and enjoy the exceptional lifestyle of one of Smith Mountain Lake's most desirable communities. This charming, brick-construction villa offers 2 bedrooms, 2 bathrooms, a freshly painted interior, and beautiful views overlooking the 17th fairway and green. Spend peaceful evenings on the porch enjoying spectacular sunsets and the beautifully maintained golf course. An added bonus is the included boat slip in the Marina Bay community marina, offering convenient access to all the boating and waterfront adventures Smith Mountain Lake has to offer! Enjoy an incredible array of club amenities, including golf, dining, fitness center, tennis, pickleball, swimming, and an equestrian center. The Water's Edge is known for its welcoming atmosphere and vibrant social calendar, with plenty of opportunities to connect with neighbors and make lasting friendships. Membership is available for a $35,000 initiation fee.

Whether you're looking for a weekend retreat, seasonal escape, or low-maintenance full-time residence, this delightful villa offers an exceptional opportunity to enjoy both the lake and country club lifestyle. Furnishings are negotiable, making your transition to lake living even easier. Come for the weekends, stay for the lifestyle!

Facts and features.

The home

Type: House (Single Family Residence)
Style: Patio

Inside

Fireplaces: 1
Flooring: Tile, Wood
Appliances: Dryer, Washer, Trash Compactor, Dishwasher, Electric Range, Refrigerator
Interior features: Walk-In Closet(s), Ceiling Fan(s)

Outside and lot

View: golf
Lot setting: Level, Views

Utilities

Heating: Heat Pump Electric
Cooling: Heat Pump Electric

Community

Subdivision: The Waters Edge
HOA dues: $267 monthly
Community features: Private Golf, Restaurant
County: Franklin County

The listing

Source: Roanoke Valley Association of REALTORS® MLS #933239

Price and status history.

Date	Event	Price
Nov 13, 2026	Listed for sale	$549,900

Price per square foot

This home$388

Penhook house median$360

Asking price per finished square foot, compared with the median of 30 houses sold in Penhook in the last 12 months. 8% above the median.

Location.

127 Village Green Dr, Penhook, VA 24137

Estimate a monthly payment.

Every number below is yours to change. The interest rate is an example, not a quote.

An estimate for planning only. It is not a loan offer or a rate quote, and it leaves out mortgage insurance and closing costs. A lender can give you exact numbers.

Listing information

Listing courtesy of Berkshire Hathaway Homeservices Smith Mountain Lake Real Estate.

Displayed by GRAVITY Real Estate Group.

Information last updated Nov 13, 2026, 6:02 PM.

Listing information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed and should be independently verified. Listings are courtesy of the listing brokerage shown with each property.

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