For sale

31 Flagstick Ct

Penhook, VA 24137 · The Waters Edge

$989,000, Reduced $110,000

  • 4beds
  • 3baths
  • 2,803sq ft
  • 0.7acres
  • 2025built

Listed by Exp Realty, LLC - Union Hall

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About this home.

Price Improvement! Deeded boat slip available for purchase! New Construction overlooking the Third Fairway of The Water's Edge Country Club at Smith Mountain Lake. This brand-new, approximately 2,800 sq ft residence captures sweeping fairway views and offers effortless main-level living enhanced by sophisticated design and next-generation technology. Built by Sole Source Solution, Luxury Homes, with interior selections by Brass Key Design Society, the home showcases exceptional craftsmanship, curated finishes, and meticulous attention to detail. The main level features three spacious bedrooms and a dedicated office, anchored by a serene primary suite with golf course views and a spa-inspired bath with deep soaking tub! Two additional bedrooms share a beautifully designed full bath, while the upper level offers a versatile fourth bedroom or bonus suite with oversized closets and a private half bath, ideal for guests or flexible living. Modern innovation elevates every corner of the home. The chef's kitchen features a high-efficiency induction cooktop with a built-in air fryer, while motion-sensor exterior lighting, a full irrigation system, and a custom motorized pergola add luxury, convenience, and year-round enjoyment outdoors. Vaulted ceilings and expansive Pella windows fill the living spaces with natural light, flowing seamlessly from the kitchen and dining area into the great room and onto the large covered porch. Oversized sliding doors lead to the extended concrete patio, complete with a gas line for a future fire pit or outdoor kitchen, all overlooking the fairway beneath the adjustable shade of the motorized pergola.

Constructed with 2x6 exterior walls, spray-foam insulation, and advanced energy-efficient features, this home blends solid construction with high performance and modern comfort. Move-in ready and positioned in a premier golf course setting, it offers an unmatched lifestyle with optional club membership providing access to the clubhouse restaurant, resort-style pool, tennis and pickleball courts, equestrian center, year-round social events, summer camps, and the exclusive McConnell Golf Network of 16 premier clubs across NC, TN, and VA. This exceptional home embodies refined style, modern innovation, and luxury living at The Water's Edge.

Facts and features.

The home

Type
House (Single Family Residence)
Style
Contemporary
New construction
Yes
Bathrooms
2 full, 2 half
Levels
15 stories

Inside

Fireplaces
1
Flooring
Tile
Appliances
Other - See Remarks, Microwave Oven (Built In), Dishwasher, Electric Range, Range Hood, Refrigerator
Interior features
Other - See Remarks, Walk-In Closet(s), Ceiling Fan(s), Cathedral Ceiling(s), Storage

Outside and lot

View
golf
Lot setting
Level, Cul-De-Sac, On Golf Course, Views

Utilities

Heating
Heat Pump Electric
Cooling
Heat Pump Electric, Central Air
Water source
Public

Community

Subdivision
The Waters Edge
HOA dues
$200 annually
Community features
Marina Access, Private Golf
County
Franklin County

The listing

Source
Roanoke Valley Association of REALTORS® MLS #917613

Price and status history.

540

days on market

DateEventPrice
May 22, 2025Listed for sale$1,099,000

Price per square foot

This home$353
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. 2% below the median.

Estimate a monthly payment.

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

$5,512/mo

Principal and interest
$5,001
Property tax
$394
Home insurance
$100
HOA dues
$17

Loan amount $791,200

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From the listing. Taxes can change after a sale.

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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 Exp Realty, LLC - Union Hall.

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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