Under contract

253 Island Green Dr

Penhook, VA 24137 · The Waters Edge

$1,595,000

  • 4beds
  • 3.5baths
  • 3,703sq ft
  • 0.12acres
  • 1990built

Listed by Berkshire Hathaway Homeservices Smith Mountain Lake Real Estate

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About this home.

FULLY UPDATED WATERFRONT TOWNHOME -- ISLAND GREEN AT THE WATER'S EDGE COUNTRY CLUB

Enjoy exceptional lakefront living in this beautifully updated waterfront townhome, completely renovated in 2021 and ideally located in the desirable Island Green neighborhood of The Water's Edge Country Club. Featuring an open floor plan, beautiful surroundings, and a peaceful cove setting, this home offers the perfect combination of comfort, privacy, and recreational enjoyment.

The large, quiet cove provides an ideal setting for swimming, kayaking, paddleboarding, and enjoying the lake with family and friends--without the concerns of heavy boat traffic. The location is also especially appealing for families with children and grandchildren. Golf enthusiasts will appreciate the proximity to the #7 signature hole, while the nearby boat dock is just a short walk away.

Currently decorated and furnished as a four-bedroom home, the spacious upper-level loft provides additional flexibility and is currently being used as an office. The lower level offers two bedrooms, a comfortable family room, a bar area, and a steam/shower room--perfect for relaxing after a day on the lake or golf course.

Two fireplaces add warmth and character throughout the home. The upper-level propane fireplace creates a cozy gathering space, while the lower-level fireplace features a built-in propane starter for enjoying traditional wood fires.

Outdoor living is a highlight, with multiple spaces designed to take full advantage of the beautiful lake setting. The large enclosed upper porch features sliding glass doors and screens, allowing for year-round enjoyment. An additional open upper porch and a spacious lower deck with ceiling fans provide plenty of room for entertaining, relaxing, and enjoying summer evenings by the water.

Additional features include generous walk-in closets, a convenient pantry, and abundant living and storage space. With its exceptional location, versatile floor plan, extensive updates, and peaceful waterfront setting, this is a special opportunity to enjoy the best of lake, golf, and country club living.

A MUST-SEE PROPERTY!

Facts and features.

The home

Type
Townhome
Bathrooms
3 full, 1 half

Inside

Basement
Full, Walk-Out Access
Finished basement
1,713 sq ft
Fireplaces
2
Flooring
Carpet, Tile, Wood
Appliances
Microwave Oven (Built In), Wall Oven, Dryer, Washer, Trash Compactor, Cooktop, Dishwasher, Disposal
Interior features
Walk-In Closet(s), Cathedral Ceiling(s), Central Vacuum

Outside and lot

View
lake
Lot setting
Level, Gentle Sloping, Cul-De-Sac
Water
Cove
Zoning
RPD

Utilities

Heating
Heat Pump Electric
Cooling
Heat Pump Electric

Community

Subdivision
The Waters Edge
HOA dues
$733 monthly
Community features
Stable(s), Private Golf
County
Franklin County

The listing

Source
Roanoke Valley Association of REALTORS® MLS #926504

Price and status history.

181

days on market

DateEventPrice
Oct 29, 2026Under contractSame price
Apr 14, 2026Listed for sale$1,595,000

Price per square foot

This home$431
Regional townhome median$185

Asking price per finished square foot, compared with the median of 367 townhomes sold in the region in the last 12 months. 133% above the median.

Location.

253 Island 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.

$9,251/mo

Principal and interest
$8,065
Property tax
$352
Home insurance
$100
HOA dues
$733

Loan amount $1,276,000

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.

From the listing.

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 .

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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