Welcome to Waverly, one of the most desirable neighborhoods at Smith Mountain Lake. Home completed in 2015. This exceptional 6,596-square-foot custom home has been very gently lived in & presents like brand-new construction. Perched on a stunning 1.1-acre professionally landscaped point lot, the property boasts 250 feet of lakefront w/ wooded lake views from the home, & expansive, panoramic lake views from the double dock w/ its oversized covered deck--perfect for relaxation or entertaining. Inside, the home blends elegant design with functional luxury. You'll find 4 spacious bedrooms, 4 full bathrooms, 1 half bath, & a gourmet kitchen, an oversized island, & a butler's pantry (has a wine cooler) to simplify hosting. The hearth room, w/ propane gas logs, opens onto a cozy screened porch. The screen porch has a propane hook up for the grill that means you never run out of gas while cooking on the grill.
The entry level also includes a dining area, living room, mudroom off the three-car over size garage, & a primary suite with walk-in closets and a spa-like ensuite (heated flooring in shower), there is a lakeside screen porch. The entry level hardwood is distressed maple.
Upstairs, two generously sized ensuite guest rooms and a bonus room (currently used as an exercise/playroom) the hallway connecting bedrooms and bonus room overlook the main living space below, allowing natural light to flow freely throughout.
The walk-out lower level features a fourth bedroom with ensuite and a private patio access plumbed for a future hot tub, study, billiards area, family room, walk out to a lakeside stone patio, kitchenette, wine cellar, keg Dispenser, ice maker and small refrigerator and two large storage rooms (2 tankless water heaters are located as well as Air handlers). The lower level is a perfect space for guests or multigenerational living. The flooring is engineered hardwood to handle any wet feet that may come in from the lake.
Expansive windows (Marvin) and thoughtfully designed outdoor living areas seamlessly connect the home to its tranquil surroundings. LED landscape lighting, irrigation, and lush grounds enhance the property's curb appeal. A gentle slope leads to the lake and your private double dock with two watercraft lifts a rare combination of seclusion and spectacular views.
Waverly offers more than a stunning home it offers a lifestyle. Stroll peaceful walking trails beneath towering trees, socialize at the clubhouse, swim in the lakeside pool, or play a match on the tennis courts. Established in 1989, Waverly is home to around 100 custom residences.
Nearby, enjoy the Smith Mountain Lake Community Park with trails, a fishing pier, and sandy beach. Just minutes away, the Westlake Shopping Center provides convenient dining, shopping, and everyday essentials. For lakeside fun, visit Bridgewater Plaza for restaurants, boutique shops, putt-putt golf, and boat rentals. Golf enthusiasts will appreciate proximity to The Waterfront Country Club, the area's oldest and most active club. Golf, tennis, swimming, fitness, and year-round social events await members of all ages and lifestyles. Ask listing agent about membership possibilities.
And when you're ready for a taste of city life, Roanoke is just a 50-minute drive offering cultural attractions, restaurants, and more.
This custom-built home was built by renowned builder Bob Bauer Building Contractors
Sold for $3,400,000 on 07/31/25
$3,400,000
549 Island Pointe Ln, Moneta, VA 24121
4beds
6,596sqft
Single Family Residence
Built in 2015
1.11 Acres Lot
$3,405,200 Zestimate®
$515/sqft
$5,868 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 08, 2025 at 06:14am
Listed by:
DEBORAH F BERAN 540-529-4229,
DEB BERAN PROPERTIES
Bought with:
WIL CHILDRESS, 0225189859
LAKE RETREAT PROPERTIES INC.
Source: RVAR,MLS#: 917041

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Primary bedroom
- Description: Luxury primary suite separte from living space with a private screen porch
- Level: E
Bedroom 2
- Description: ensuite
- Level: U
Bedroom 3
- Description: ensuite
- Level: U
Bedroom 4
- Description: ensuite also has a private patio
- Level: L
Den
- Description: The hearth room is located just off the kitchen where guest can relax as you prepare dinner
- Level: E
Dining area
- Level: E
Family room
- Description: opens onto large lakeside patio
- Level: L
Foyer
- Description: Welcoming space
- Level: E
Kitchen
- Description: spacious kitchen with oversize island and butler pantry nearby
- Level: E
Laundry
- Description: convenient to the kitchen
- Level: E
Living room
- Description: Propane gas log fireplace
- Level: E
Mud room
- Description: Conveniently located off the garage
- Level: E
Office
- Level: L
Recreation room
- Description: Bonus room overthe garage currenlty being used as an excercise room and Grands play area
- Level: U
Other
- Description: large storage area could easily be used as a work shop
- Level: L
Heating
- Heat Pump Electric, Zoned
Cooling
- Heat Pump Electric, Zoned
Appliances
- Included: Dryer, Washer, Dishwasher, Microwave, Gas Range, Refrigerator, Oven
Features
- Breakfast Area, Storage, Walk-In Closet(s)
- Flooring: Carpet, Ceramic Tile, Wood
- Doors: Insulated
- Windows: Insulated Windows
- Basement: Walk-Out Access
- Number of fireplaces: 2
- Fireplace features: Den, Living Room, Gas Log
Interior area
- Total structure area: 7,518
- Total interior livable area: 6,596 sqft
- Finished area above ground: 4,444
- Finished area below ground: 2,152
Property
Parking
- Total spaces: 3
- Parking features: Attached, Paved, Garage Door Opener
- Has attached garage: Yes
- Covered spaces: 3
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Screened
- Exterior features: Other - See Remarks
- Has water view: Yes
- Water view: Lake
- Waterfront features: Waterfront, Point, Riprap Shoreline, Southern Exposure
- Body of water: Smith Mtn Lake
Lot
- Size: 1.11 Acres
- Features: Gentle Sloping, Views
Details
- Parcel number: 0481007800
- Zoning: R1
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stone, Wood
Condition
- Completed
- Year built: 2015
Utilities & green energy
- Electric: 0 Phase
- Water: Public
- Utilities for property: Cable Connected, Underground Utilities, Cable
Community & neighborhood
Security
- Security features: Alarm
Community
- Community features: Pool, Tennis Court(s)
Location
- Region: Moneta
- Subdivision: Waverly
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $1,876 annually