2299 Capewood Dr

Mountain Majesty! One of Smith Mountain Lake's premier waterfront settings, offering breathtaking panoramic lake and mountain views. This exceptional property features a very gently sloping lot with a paved driveway extending all the way to a large double-slip dock in deep, pristine water. A major advantage of this deep-water setting is that the dock remains dockable even with Smith Mountain Lake's current extremely low water level. An extraordinary combination of spectacular scenery, easy lake access, and one of the most desirable waterfront settings on Smith Mountain Lake. Being sold Turn-Key! This home has traditional 2-story beginnings, with the entire lakeside of the home opened up, bringing the panoramic lake and mountain views front and center throughout the home. Since purchasing in 2020, the Sellers have completed nearly $500K in improvements and renovations, including a new custom kitchen, 3 custom bathrooms, hardwood flooring, new ceilings, recessed lighting and fans throughout, new roofing, a new screened porch, dock roof, and gutters. With multi-million-dollar waterfront properties surrounding it, this home offers a rare opportunity to purchase on one of Smith Mountain Lake's most exclusive streets at a significantly lower price point. The combination of the location, substantial improvements, established vacation rental history, & surrounding property values creates excellent long-term value potential. The home is also an established vacation rental. The entry level features a fully renovated eat-in kitchen, dining room, formal living room & sunroom, all open to one another, creating an excellent entertaining area. The enormous lakeside primary suite features a large, renovated bathroom & a lakeside screened porch. Two guest bedrooms are located on the opposite side of the home, including one with a private lakeside sunroom. An oversized double garage & large laundry room complete the entry level. The upper level features a beautiful lakeside family room with stunning lake views, 3 additional bedrooms & a renovated full bathroom. Hardwood floors run throughout most of the home, with tile flooring in the renovated bathrooms. A massive lakeside deck is off the entry level, overlooking the dock and showcasing the breathtaking lake and mountain views, with an awning providing added shade. A covered front porch also provides additional outdoor living space. A premium lake location and a sought after community with public water, paved roads, gated boat ramp and gated trailer storage area.