For saleNew this week

250 Mountain Vista Dr

Penhook, VA 24137 · Sanctuary Bay

$3,490,000

  • 8beds
  • 7.5baths
  • 4,650sq ft
  • 0.68acres
  • 2027built

Listed by Virginia Realty Group

About this home.

A TRULY UNFORGETTABLE, ONCE IN A LIFETIME CUSTOM WATERFRONT HOME BUILD THAT IS CALLING YOUR NAME! WITH GARAGE INCLUSION Welcome HOME to this exceptional new-construction luxury lakefront estate in Sanctuary Bay, one of Smith Mountain Lake's most exclusive private neighborhoods, surrounded by multimillion-dollar homes valued at $5 million and beyond. With breathtaking mountain views, a level waterfront lot, and an incredible collection of luxury amenities, this is your opportunity to own a private lakefront estate that is simply unlike anything else on the market. Slated for completion in May 2027, this impressive 8-bedroom, 8-bathroom estate offers approximately 4,600 square feet of beautifully designed living space, thoughtfully created for entertaining or for your comfortable day to day lifestyle, with the ability to customize finishes for a limited time! A separate guest house, connected by a covered walkway and charming courtyard, offers SPECTACULAR guest amenities - providing privacy for guests, extended family, or even multigenerational living. Inside, the luxurious primary suite is designed to be your own personal escape, featuring an upscale spa-inspired ensuite. An expansive lower level overlooking the pool and lake provides even more room, while a dedicated personal gym and oversized double garage with additional workspace bring convenience and function to an already impressive home. But the true magic awaits you outdoors. Imagine starting your mornings on a heated, covered porch as the sun rises over the mountains, spending summer afternoons in your heated saltwater pool, and ending the day relaxing in the covered spa while taking in your own personal, spectacular lake views. Multiple covered porches and thoughtfully designed outdoor living spaces make it possible to enjoy this incredible setting in any season, making it an IDEAL second home or primary residence. The nearly flat lot offers an exceptional advantage for waterfront living, leading to a large covered dock that is top of the line, ensuring you experience Smith Mountain Lake at its maximum potential. Boating, swimming, entertaining your guests, or simply enjoying the peaceful beauty of the water--this property makes every day feel like a vacation. Completion is anticipated for May 2027, giving you the opportunity to secure an extraordinary new lakefront home before it is finished and customize finishes to your personal needs and taste. This property delivers on everything you need to bring your dream waterfront vision to life. Eight bedrooms. Eight bathrooms. A guest house. Heated saltwater pool. Covered spa. Expansive dock. Mountain views. An exclusive multimillion-dollar neighborhood. You do not want to miss THIS house! All information to be independently verified by buyer and buyer's agent. Photos shown are of a recently completed model home with a similar floor plan and may not reflect all finishes, upgrades, or features of the subject property.

Facts and features.

The home

Type
House (Single Family Residence)
New construction
Yes
Bathrooms
7 full, 1 half
Levels
15 stories

Inside

Basement
Full
Finished basement
2,005 sq ft
Interior features
Cathedral Ceiling(s), Storage

Outside and lot

View
lake
Lot setting
Gentle Sloping

Utilities

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

Community

Subdivision
Sanctuary Bay
HOA dues
None
County
Pittsylvania County

The listing

Source
Roanoke Valley Association of REALTORS® MLS #933056

Price and status history.

4

days on market

DateEventPrice
Nov 9, 2026Listed for sale$3,490,000

Price per square foot

This home$751
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. 108% above the median.

Estimate a monthly payment.

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

$17,831/mo

Principal and interest
$17,647
Property tax
$83
Home insurance
$100
HOA dues
None listed

Loan amount $2,792,000

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.

See it in person.

Request a tour.

Pick a day and a time. A GRAVITY agent will reach out to confirm.

Day
Time of day

A phone number or an email is enough.

We use your details only to reply about this home.

Ask a question.

Ask about the home, the neighborhood or the next steps. A GRAVITY agent will reply by email or phone.

A phone number or an email is enough.

We use your details only to reply about this home.