Under contract

268 Sweetwater Bay Dr

Penhook, VA 24137 · Sanctuary Bay

$549,900, Reduced $130,000

  • 3beds
  • 3baths
  • 1,891sq ft
  • 3.2acres
  • 2005built

Listed by Berkshire Hathaway Homeservices Smith Mountain Lake Real Estate

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About this home.

Perched atop a breathtaking rolling landscape with sweeping views of Smith Mountain Lake, this special 3-acre retreat offers a rare blend of natural beauty, privacy, and outdoor recreation. Surrounded by pastoral scenery with 45+ acres of open pasture stretching across the front yard and over 5,000 acres of the Smith Mountain Cooperative Wildlife Management Area bordering the backyard, the setting is truly one-of-a-kind. From sunset over the lake to wildlife roaming the fields and mountains beyond, every direction offers a view worth capturing. Designed for comfortable one-level living, the home also features a full unfinished basement, providing the opportunity to nearly double the square footage and create additional living, or guest space tailored to your vision. New appliances 2024, New HVAC 2025. Whether you are searching for a peaceful primary residence, SML retreat, equestrian escape, or that farm like living, this property delivers. Outdoor enthusiasts will appreciate direct access to hiking, horseback riding, and mountain biking trails directly behind the property. Positioned on the quieter side of the mountain with minimal hunting pressure, the property is home to thriving populations of deer, turkey, bear, and abundant small game. Adding to its long-term appeal, the property overlooks Sanctuary Bay, where luxury waterfront homes command multi-million-dollar values -- a rare neighboring influence that enhances both the prestige and future equity potential.

Facts and features.

The home

Type
House (Single Family Residence)
Style
Ranch

Inside

Basement
Full
Fireplaces
1
Flooring
Wood
Appliances
Microwave Oven (Built In), Dryer, Washer, Dishwasher, Gas Range
Interior features
Ceiling Fan(s), Central Vacuum

Outside and lot

Outdoor features
Garden Space
View
lake
Zoning
A-1

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 #927363

Price and status history.

164

days on market

DateEventPrice
Oct 19, 2026Under contractSame price
Oct 6, 2026Price reduced$549,900
May 8, 2026Listed for sale$679,900

Price per square foot

This home$291
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. 19% below the median.

Location.

268 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.

$3,119/mo

Principal and interest
$2,781
Property tax
$238
Home insurance
$100
HOA dues
None listed

Loan amount $439,920

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 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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