For sale

30 Island Green Cir 22

Penhook, VA 24137 · The Waters Edge

$1,185,000, Reduced $110,000

  • 4beds
  • 3.5baths
  • 3,748sq ft
  • 0.14acres
  • 1990built

Listed by Berkshire Hathaway Homeservices Smith Mountain Lake Real Estate

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About this home.

Townhome Living at Its Best -- Lakefront, Golf & Resort-Style Amenities Enjoy the best of lakefront living in this beautifully maintained four-bedroom, 3.1-bath townhome in the desirable Island Green neighborhood of The Water's Edge Country Club. With beautiful lake views, a peaceful setting, and a boat dock and slip just a short walk away, this home offers an exceptional opportunity to enjoy the lake, golf, and country club lifestyle.

The home is ideally situated on a large, quiet cove within an expansive cove, creating a wonderful setting for swimming, kayaking, paddleboarding, and spending time on the water with family and friends. The protected location provides added peace of mind when children and grandchildren are enjoying the lake, while still offering easy access for boating.

Inside, the open and inviting floor plan provides plenty of room for family and guests. The kitchen features beautiful cherry cabinetry, while the lower level has been enhanced with new LVT flooring and an updated bar area, creating a comfortable space for entertaining or relaxing after a day on the lake or golf course.

The flexible floor plan is currently a four-bedroom home. The spacious upper-level loft provides additional versatility and could easily serve as an office, craft room, reading area, or children's play space. The lower level includes two bedrooms, a comfortable family room, and the inviting bar area.

Multiple outdoor living spaces take full advantage of the beautiful lake setting. The large enclosed upper porch, complete with sliding glass doors and screens, provides a comfortable space to enjoy the outdoors in a variety of seasons. An additional open upper porch and spacious lower deck with ceiling fans offer plenty of room for entertaining, relaxing, and enjoying peaceful evenings overlooking the water.

Golf enthusiasts will appreciate the home's convenient location near the #7 signature hole, while the nearby boat dock makes getting out on the lake quick and easy.

Perhaps best of all, Island Green Property (IGP) takes care of the exterior maintenance, including the mowing and outdoor upkeep, allowing you to spend less time working around the house and more time enjoying everything The Water's Edge has to offer. Imagine simply arriving, relaxing, and enjoying the lifestyle--with golf, dining, swimming, tennis, pickleball, the equestrian center, and the lake all at your fingertips.

This is more than a townhome--it is an opportunity to embrace a carefree lake and country club lifestyle in a beautiful, peaceful setting. Simply bring your boat, family, and friends and start enjoying all that Smith Mountain Lake and The Water's Edge have to offer.

Facts and features.

The home

Type
Townhome
Bathrooms
3 full, 1 half

Inside

Basement
Full, Walk-Out Access
Finished basement
1,719 sq ft
Fireplaces
2
Flooring
Carpet, Wood
Appliances
Wall Oven, Dryer, Washer, Electric Range, Refrigerator
Interior features
Walk-In Closet(s), Ceiling Fan(s), Cathedral Ceiling(s), Storage, Wet Bar

Outside and lot

View
lake
Lot setting
Level, Gentle Sloping
Water
Cove, No Wake Area, Riprap Shoreline
Zoning
RPD

Utilities

Heating
Heat Pump Electric
Cooling
Heat Pump Electric

Community

Subdivision
The Waters Edge
HOA dues
$667 monthly
Community features
Tennis Court(s), Private Golf
County
Franklin County

The listing

Source
Roanoke Valley Association of REALTORS® MLS #918287

Price and status history.

515

days on market

DateEventPrice
Oct 29, 2026Price reduced$1,185,000
Sep 4, 2026Back on the marketSame price
Sep 2, 2026Listing expired$1,225,000
Jun 16, 2025Listed for sale$1,295,000

Price per square foot

This home$316
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. 71% above the median.

Location.

30 Island Green Cir 22, Penhook, VA 24137

Estimate a monthly payment.

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

$7,110/mo

Principal and interest
$5,992
Property tax
$351
Home insurance
$100
HOA dues
$667

Loan amount $948,000

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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