For sale

176 Three Point Isle Dr

Penhook, VA 24137 · Three Pointe Isle

$3,499,000, Reduced $100,000

  • 5beds
  • 5baths
  • 5,678sq ft
  • 0.84acres
  • 2022built

Listed by Exp Realty, LLC - Union Hall

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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-suites on a three-bedroom septic, 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.

Brand New 4 ft. decorative aluminum fence on three sides. 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. Main Photo from 2025.

Facts and features.

The home

Type
House (Single Family Residence)
Style
Contemporary
Bathrooms
4 full, 2 half
Levels
2 stories

Inside

Basement
Full, Walk-Out Access
Finished basement
1,772 sq ft
Fireplaces
3
Appliances
Other - See Remarks, Microwave Oven (Built In), Dishwasher, Electric Range, Refrigerator
Interior features
Other - See Remarks, Wired For Data, Wired for Sound, Walk-In Closet(s), Ceiling Fan(s), Wet Bar

Outside and lot

Outdoor features
Other - See Remarks, Balcony
View
lake
Lot setting
Gentle Sloping, Views
Water
Cove, Riprap Shoreline

Utilities

Heating
Zoned, Heat Pump Electric
Cooling
Heat Pump Electric, Zoned, Central Air
Water source
Private Well

Community

Subdivision
Three Pointe Isle
HOA dues
None
County
Franklin County

The listing

Source
Roanoke Valley Association of REALTORS® MLS #925505

Price and status history.

244

days on market

DateEventPrice
Mar 14, 2026Listed for sale$3,599,000

Price per square foot

This home$616
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. 71% above the median.

Location.

176 Three Point Isle Dr, Penhook, VA 24137

Estimate a monthly payment.

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

$18,453/mo

Principal and interest
$17,693
Property tax
$660
Home insurance
$100
HOA dues
None listed

Loan amount $2,799,200

Example rate only. Change it to the rate a lender offers you.

From the listing. Taxes can change after a sale.

Example. Use your 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 Exp Realty, LLC - Union Hall.

Displayed by GRAVITY Real Estate Group.

Information last updated .

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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