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

DateEventPrice
Oct 18, 2026Under contractSame price
Sep 30, 2026Price reduced$549,000
Sep 3, 2026Listed 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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