Under contract
Lot 26 Compass Cove Cir
Moneta, VA 24121 · Compass Cove
$549,000, Reduced $30,000
- 0.68acres
Listed by Buyers Agency Of Smith Mountain Lake LLC
About this land.
One of the rare waterfront lots available in this price range is now on the market. This gently sloping lot in the prestigious Compass Cove community off Scruggs Road is now available. With a lot depth of 300' from the road to the lake, you can pick your building site knowing that your existing neighbors will not infringe on your view or on your home's setting. That's a huge benefit in today's market. Since the septic drainfield is off site and already in place with an existing force main connection, and public water eliminates the need to drill a well, you have even more opportunities to choose your building site in this deep water No Wake cove. The gently sloping lot at the shoreline caps off the opportunities presented by this unique parcel of property. The Westlake shopping and business area, which offers many restaurants, businesses and a new modern medical facility preparing to open, is only 10 minutes away. As you'll notice from the photos, Smith Mountain Lake is still approximately 5' below full pond, which happens infrequently. As can be seen from the shore, the current water depth where your new dock will be built still has plenty of water depth to ensure you can launch your boat in these conditions. If you'd like an even deeper boat slip, dredging is allowed and relatively inexpensive. These additional benefits enhance this lot's appeal, especially since so few similarly priced lots are on today's market. Check out the Documents for Restrictions and Plats and Stop By and Give Yourself a Tour! Seller will offer a $5,000 credit with an appropriate offer to dredge at the proposed dock site to create a deeper channel for a future boat slip.
Facts and features.
The land
- Type
- Land (Unimproved Lot)
Outside and lot
- View
- lake
- Lot setting
- Gentle Sloping
- Water
- Cove, No Wake Area, Riprap Shoreline
Utilities
- Water source
- Public
Community
- Subdivision
- Compass Cove
- HOA dues
- $400 annually
- County
- Franklin County
The listing
- Annual tax
- $1,053 (from the listing)
- Source
- Roanoke Valley Association of REALTORS® MLS #931046
Price and status history.
43
days on market
| Date | Event | Price |
|---|---|---|
| Oct 18, 2026 | Under contract | Same price |
| Sep 30, 2026 | Price reduced | $549,000 |
| Sep 3, 2026 | Listed for sale | $579,000 |
Listing information
Listing courtesy of Buyers Agency Of Smith Mountain Lake LLC.
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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