Sold for $645,000 on 12/23/25
$645,000
40 Bay Front Rd, Penhook, VA 24137
4beds
3,602sqft
Single Family Residence
Built in 1990
0.81 Acres Lot
$647,900 Zestimate®
$179/sqft
$2,839 Estimated rent
Home value
$647,900
$583,000 - $719,000
$2,839/mo
Zestimate® history
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Owner options
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What's special
For the first time in 30 years, this inviting lake-view home is available in the highly desirable Water's Edge neighborhood. Located on a beautifully landscaped lot with mature trees, outdoor gardens, and stunning views of the lake, this property offers both privacy and natural beauty in a truly special setting.The home exudes a charm and authenticity that's increasingly rare. The open floor plan features a soaring great room with cathedral ceilings and a fireplace with stone hearth, flowing effortlessly into a spacious kitchen designed for both everyday living and entertaining.A separate dining room allows for large family gathering, while the main-level primary suite includes lake views, a walk-in closet, and a calming sense of retreat. Two additional bedrooms complete the main floor.
The finished walk-out lower level provides remarkable flexibility, ideal for guests or multigenerational living. It includes a full second kitchen, large recreation room with fireplace, bedroom, office, and 1.5 baths. The interior has just been freshly painted and is ready for you to move in and enjoy!
Outdoor living is just as appealing, with a screened porch, expansive deck, and patio all offering serene spaces to relax or gather with friends, surrounded by gardens and views of the lake.
Fully immerse yourself in the community by joining The Water's Edge Country Club and its renowned amenities including golf, equestrian, pool, tennis, restaurant and more. The Water's Edge golf course stands as a premier attraction of our lakefront community. This 18-hole, PGA Championship course was masterfully designed by the late R.F. Loving Jr., ASGC a nationally acclaimed golf course architect known for his visionary layouts and meticulous craftsmanship. Membership at The Water's Edge includes automatic enrollment in the prestigious McConnell Golf network. As a McConnell Golf member, you and your family gain access to an exclusive collection of private golf and country clubs across the region offering world-class amenities, championship-level courses, and a community of fellow golf enthusiasts. Current owner has an active country club membership.
Don't miss your chance to see this wonderful home.
Zillow last checked: 8 hours ago
Listing updated: December 29, 2025 at 07:21am
Listed by:
DAVID SIMON 434-426-1520,
WAINWRIGHT & CO., REALTORS(r)- LAKE
Bought with:
AMY CAMPBELL, 0225235586
RE/MAX LAKEFRONT REALTY INC
Source: RVAR,MLS#: 919478
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Heat Pump Electric
Cooling
- Heat Pump Electric
Appliances
- Included: Dryer, Washer, Trash Compactor, Dishwasher, Electric Range, Refrigerator
Features
- Flooring: Carpet, Ceramic Tile, Wood
- Doors: Sliding Doors, Wood
- Windows: Insulated Windows, Screens, Skylight(s)
- Has basement: Yes
- Has fireplace: Yes
- Fireplace features: Basement, Great Room
Interior area
- Total structure area: 3,602
- Total interior livable area: 3,602 sqft
- Finished area above ground: 2,058
- Finished area below ground: 1,544
Property
Parking
- Total spaces: 4
- Parking features: Attached, Paved, Garage Door Opener, Off Street
- Has attached garage: Yes
- Covered spaces: 2
- Uncovered spaces: 2
Features
- Patio & porch: Deck, Patio
- Has water view: Yes
- Water view: Lake
- Waterfront features: Water Access Only
- Body of water: Smith Mtn Lake
Lot
- Size: 0.81 Acres
- Dimensions: 215 x 115
Details
- Parcel number: 0510706100
- Zoning: RPD
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Stone, Wood
Condition
- Completed
- Year built: 1990
Utilities & green energy
- Electric: 0 Phase
- Utilities for property: Cable Connected, Underground Utilities, Cable
Community & neighborhood
Community
- Community features: Pool, Golf
Location
- Region: Penhook
- Subdivision: The Waters Edge
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $200 annually
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/23/2025 | Sold | $645,000-4.4%$179/sqft |
Source: | ||
| 11/9/2025 | Pending sale | $675,000$187/sqft |
Source: | ||
| 10/20/2025 | Price change | $675,000-3.6%$187/sqft |
Source: | ||
| 9/13/2025 | Price change | $700,000-6.7%$194/sqft |
Source: | ||
| 8/8/2025 | Listed for sale | $750,000$208/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,589 | $602,000 |
| 2024 | $2,589 +0.9% | $602,000 +43.2% |
| 2023 | $2,565 | $420,500 |
Find assessor info on the county website
Neighborhood: 24137
Nearby schools
GreatSchools rating
- 7/10Glade Hill Elementary SchoolGrades: PK-5Distance: 7.1 mi
- 5/10Ben. Franklin Middle-WestGrades: 6-8Distance: 14.3 mi
- 4/10Franklin County High SchoolGrades: 9-12Distance: 14 mi
Schools provided by the listing agent
- Elementary: Glade Hill
- Middle: Ben Franklin Middle
- High: Franklin County
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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