A Rare Waterfront Opportunity on Smith Mountain Lake!This sprawling 3-bedroom, 3-bath ranch-style home with a finished terrace level is brimming with potential and ready for your personal touch. Perfectly positioned to take in the beauty of Smith Mountain Lake, the open floor plan features a spacious sunroom offering panoramic lake views, along with multiple decks and porches ideal for outdoor living and entertaining.Downstairs, the terrace level boasts a cozy stone fireplace and an impressive bar area--perfect for hosting gatherings or relaxing after a day on the water.Whether you're looking for a full-time residence, a vacation retreat, or an investment property, this rare lakefront gem checks all the boxes--and short-term rentals are allowed, offering incredible income potential Seller is now offering short term owner financing with an acceptable offer. Fantastic investment opportunity.
Sold for $650,000 on 07/22/25
$650,000
320 Fingerlake Rd, Penhook, VA 24137
3beds
2,796sqft
Single Family Residence
Built in 1981
0.49 Acres Lot
$758,300 Zestimate®
$232/sqft
$1,920 Estimated rent
Home value
$758,300
$720,000 - $796,000
$1,920/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: July 24, 2025 at 04:33am
Listed by:
AUDREY EVANS 540-874-0317,
RE/MAX LAKEFRONT REALTY INC
Bought with:
AUDREY EVANS, 0225261630
RE/MAX LAKEFRONT REALTY INC
Source: RVAR,MLS#: 915528
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Bedroom 1
- Level: E
Heating
- Heat Pump Electric
Cooling
- Heat Pump Electric
Appliances
- Included: Dishwasher, Electric Range, Refrigerator
Features
- Flooring: Laminate, Vinyl
- Has basement: Yes
- Has fireplace: Yes
- Fireplace features: Basement
Interior area
- Total structure area: 2,796
- Total interior livable area: 2,796 sqft
- Finished area above ground: 1,596
Property
Parking
- Total spaces: 3
- Parking features: Attached Carport
- Has carport: Yes
- Covered spaces: 3
Features
- Patio & porch: Deck
- Has spa: Yes
- Spa features: Heated
- Fencing: Fenced
- Has view: Yes
- View description: Sunrise, Sunset
- Has water view: Yes
- Water view: Lake
- Waterfront features: Waterfront, No Wake Area
- Body of water: Smith Mtn Lake
Lot
- Size: 0.49 Acres
Details
- Parcel number: 1563421053
- Zoning: R1
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick, Vinyl
Condition
- Completed
- Year built: 1981
Utilities & green energy
- Electric: 0 Phase
- Water: Well
Community & neighborhood
Location
- Region: Penhook
- Subdivision: Penhook
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2025 | Sold | $650,000-18.2%$232/sqft |
Source:  RVAR #915528 | ||
| 5/8/2025 | Pending sale | $795,000$284/sqft |
Source: RVAR #915528 | ||
| 3/25/2025 | Listed for sale | $795,000+120.2%$284/sqft |
Source: RVAR #915528 | ||
| 12/1/2016 | Sold | $361,100$129/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,030 +35.3% | $541,100 +49.8% |
| 2023 | $2,240 | $361,300 |
| 2022 | $2,240 | $361,300 |
Find assessor info on the county website
Neighborhood: 24137
Nearby schools
GreatSchools rating
- 8/10Gretna Elementary SchoolGrades: PK-5Distance: 13.3 mi
- 6/10Gretna Middle SchoolGrades: 6-8Distance: 13.1 mi
- 4/10Gretna High SchoolGrades: 9-12Distance: 13.3 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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