Turn-key lakefront investment opportunity in the AirBNB zone of Pittsylvania County!228 Cove Rd features 4 bedrooms, 4 baths, and 142 feet of deep-water frontage on nearly half an acre -- delivering some of the best views in the Cove of Smith Mountain Lake and the Blue Ridge Mountains. Designed for comfort, flexibility and is fully furnished. This home is ready for immediate enjoyment or rental income. Three bedrooms offer en-suite baths, including a spacious upper-level suite overlooking the water. Private deck access from an additional suite makes it perfect for guest privacy and elevated rental appeal.Outdoor living steals the show here. For added peace of mind, the seller has already pulled septic permits and completed a septic pump/inspection (report available)
Whether you're looking for a full-time residence, vacation getaway, or income-producing investment, this turnkey lakefront home is move-in ready and sold fully furnished.
Sold for $750,000
$750,000
228 Cove Rd, Penhook, VA 24137
4beds
2,268sqft
Single Family Residence
Built in 1971
0.51 Acres Lot
$776,000 Zestimate®
$331/sqft
$2,150 Estimated rent
Home value
$776,000
$737,000 - $815,000
$2,150/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
DANIEL A PERKINS 540-302-5089,
KELLER WILLIAMS REALTY ROANOKE,
VERONICA PERKINS 540-302-5089
Bought with:
WILLIAM ARTHUR KOHLS, 0225263761
FIRST CHOICE REAL ESTATE LLC - HARDY
Source: RVAR,MLS#: 920376
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Heat Pump Electric
Cooling
- Central Air
Appliances
- Included: Dryer, Washer, Dishwasher, Microwave, Electric Range, Refrigerator
Features
- Flooring: Wood
- Doors: Fiberglass, Sliding Doors
- Windows: Storm Window(s), Tilt-In
- Has basement: No
- Furnished: Yes
Interior area
- Total structure area: 2,718
- Total interior livable area: 2,268 sqft
- Finished area above ground: 2,268
Property
Parking
- Total spaces: 5
- Parking features: Detached Carport, Paved, Off Street
- Has carport: Yes
- Covered spaces: 2
- Uncovered spaces: 3
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Rear Porch
- Has water view: Yes
- Water view: Lake
- Waterfront features: Waterfront, Cove, No Wake Area
- Body of water: Smith Mtn Lake
Lot
- Size: 0.51 Acres
- Features: Sloped Down, Views
Details
- Additional structures: Gazebo
- Parcel number: 1563214786
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl
Condition
- Completed
- Year built: 1971
Utilities & green energy
- Electric: 0 Phase
- Water: Well
Community & neighborhood
Location
- Region: Penhook
- Subdivision: N/A
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Sold | $750,000-6.2%$331/sqft |
Source:  RVAR #920376 Report a problem | ||
| 5/4/2026 | Pending sale | $799,999$353/sqft |
Source: RVAR #920376 Report a problem | ||
| 5/1/2026 | Listed for sale | $799,999+2.6%$353/sqft |
Source: RVAR #920376 Report a problem | ||
| 2/26/2026 | Listing removed | $779,999$344/sqft |
Source: RVAR #920376 Report a problem | ||
| 2/25/2026 | Listed for sale | $779,999$344/sqft |
Source: RVAR #920376 Report a problem | ||
| 1/29/2026 | Pending sale | $779,999$344/sqft |
Source: RVAR #920376 Report a problem | ||
| 1/21/2026 | Price change | $779,999+2.6%$344/sqft |
Source: RVAR #920376 Report a problem | ||
| 1/10/2026 | Pending sale | $760,000-10.6%$335/sqft |
Source: RVAR #920376 Report a problem | ||
| 11/24/2025 | Price change | $850,000-5.5%$375/sqft |
Source: RVAR #920376 Report a problem | ||
| 11/5/2025 | Price change | $899,7900%$397/sqft |
Source: RVAR #920376 Report a problem | ||
| 10/23/2025 | Price change | $899,8000%$397/sqft |
Source: RVAR #920376 Report a problem | ||
| 10/5/2025 | Price change | $899,9000%$397/sqft |
Source: RVAR #920376 Report a problem | ||
| 9/22/2025 | Price change | $899,950-10%$397/sqft |
Source: RVAR #920376 Report a problem | ||
| 8/29/2025 | Listed for sale | $999,999+30%$441/sqft |
Source: RVAR #920376 Report a problem | ||
| 10/11/2022 | Sold | $769,000-3.3%$339/sqft |
Source: Public Record Report a problem | ||
| 9/15/2022 | Pending sale | $795,000$351/sqft |
Source: Owner Report a problem | ||
| 7/4/2022 | Price change | $795,000-0.6%$351/sqft |
Source: Owner Report a problem | ||
| 5/9/2022 | Listed for sale | $799,900+100%$353/sqft |
Source: Owner Report a problem | ||
| 2/11/2022 | Sold | $400,000$176/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,401 +55.3% | $607,400 +72% |
| 2023 | $2,190 | $353,200 |
| 2022 | $2,190 | $353,200 |
| 2021 | $2,190 | $353,200 |
| 2020 | $2,190 | $353,200 |
| 2019 | $2,190 | $353,200 |
| 2018 | $2,190 | $353,200 |
| 2017 | $2,190 -4.6% | $353,200 -9.2% |
| 2016 | $2,295 | $388,900 |
| 2015 | $2,295 | $388,900 -1.2% |
| 2011 | -- | $393,700 |
Find assessor info on the county website
Neighborhood: 24137
Nearby schools
GreatSchools rating
- 8/10Gretna Elementary SchoolGrades: PK-5Distance: 13.6 mi
- 6/10Gretna Middle SchoolGrades: 6-8Distance: 13.4 mi
- 4/10Gretna High SchoolGrades: 9-12Distance: 13.6 mi
Schools provided by the listing agent
- Elementary: Gretna Elementary
- Middle: Gretna Middle
- High: Gretna High
Source: RVAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Virginia
- Pittsylvania County
- Penhook
- 24137
- 228 Cove Rd