Under contract

200 Sweetwater Bay Dr

Penhook, VA 24137 · Sanctuary Village

$2,189,950, Reduced $305,050

  • 9beds
  • 6baths
  • 4,150sq ft
  • 1.1acres
  • 2026built

Listed by Virginia Realty Group

About this home.

DSCR APPROVED! SELLER OFFERING FURNITURE CREDIT! SHORT TERM RENTABLE WATERFRONT LUXURY AT ITS FINEST IN ONE OF SMITH MOUNTAIN LAKE'S MOST COVETED LOCATIONS! Welcome to your future extraordinary waterfront property where sophisticated design and spectacular construction come together in harmony. This exceptional Craftsman-inspired luxury estate is set on a rare, level waterfront lot with pristine water, expansive shoreline views, and an enviable location. With projected rental income exceeding $350,000 ANNUALLY, this is a truly exceptional opportunity to own your premier Smith Mountain lakefront property with both remarkable lifestyle appeal and substantial income potential. From the moment you arrive, the quality and craftsmanship are unmistakable. The timeless Craftsman architecture is complemented by durable cementitious siding and thoughtfully selected exterior finishes designed with curb appeal and top of the line materials in mind. Inside, the impressive 9-bedroom, 6-full-bath residence offers an inviting open-concept design, with an 8-bedroom septic system and community-maintained offsite well. Soaring vaulted ceilings accented by shiplap, walls of natural light, and elevated finishes create an atmosphere that feels simultaneously grand and effortlessly luxurious. At the heart of the home is a spectacular gourmet kitchen designed to bring people together. Custom cabinetry, a statement farmhouse sink, designer vent hood, generous counter space, and an expansive gathering area create the perfect setting for everything from relaxed family breakfasts to unforgettable dinners with a house full of guests. The kitchen flows seamlessly into the main living and dining areas and opens to the covered outdoor dining porch, making entertaining truly at your fingertips. Throughout the home, every space has been thoughtfully curated for your future indulgence. Beautifully tiled showers add a sophisticated touch, while the luxurious primary suite provides a peaceful escape overlooking the lake. Its spa-inspired bathroom features a spacious walk-in shower and tranquil water views, creating the perfect place to unwind after a long day on the lake. Modern smart-home technology adds an additional layer of modern touch, with smart thermostats and integrated technology systems thoughtfully incorporated throughout the property to enhance functionality. The outdoor living spaces allow the escape to continue. Multiple expansive covered porches dramatically extend the living area and feature rich cedar tongue-and-groove ceilings, a stone fireplace, and television -- creating an inviting setting for your morning coffee, watching the sunrise on the lake. The heated saltwater pool, equipped with Omni Smart controls, provides the perfect centerpiece for summer days spent lakeside. Just beyond, a Hot Spring 8-person hot tub invites you to relax while taking in sweeping views of the water. The poolside recreation room elevates entertaining even further, complete with a wet bar and cascading glass doors that seamlessly connect the spaces. And then there is the dock -- a destination all its own. The impressive covered waterfront dock features an upper-level party deck, enclosed bar area, and abundant room for anything your heart desires. THIS IS EVERYTHING YOU NEED, AND MORE! DON'T MISS OUT ON THIS BLESSING! Buyers and Buyer's Agent to independently verify all property information. Rental income is projected and is not guaranteed. Interior and exterior photos 14-56 shown are of the model home upon which this completed residence was based and may not represent the exact finishes, furnishings, landscaping, or features of the subject property.

Facts and features.

The home

Type
House (Single Family Residence)
Style
Contemporary
Levels
15 stories

Inside

Basement
Partial, Walk-Out Access
Finished basement
2,011 sq ft
Flooring
Tile

Outside and lot

Lot setting
Level, Secluded

Utilities

Heating
Heat Pump Electric
Cooling
Heat Pump Electric
Water source
Private Well

Community

Subdivision
Sanctuary Village
HOA dues
None
County
Pittsylvania County

The listing

Source
Roanoke Valley Association of REALTORS® MLS #928704

Price and status history.

141

days on market

DateEventPrice
Nov 9, 2026Under contractSame price
Oct 13, 2026Price reduced$2,189,950
Oct 6, 2026Price reduced$2,190,000
Jun 22, 2026Listed for sale$2,495,000

Price per square foot

This home$528
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. 46% above the median.

Location.

200 Sweetwater Bay Dr, Penhook, VA 24137

Estimate a monthly payment.

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

$11,326/mo

Principal and interest
$11,074
Property tax
$153
Home insurance
$100
HOA dues
None listed

Loan amount $1,751,960

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 Virginia Realty Group.

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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