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For sale
  • Price cut: $49.8K (11/24)
    $850,000

    228 Cove Rd, Penhook, VA 24137

    4beds
    2,268sqft
    : 
    Single Family Residence
    Built in 1971
    0.51 Acres Lot
    $832,400 Zestimate®
    $375/sqft
    $-- HOA

    What's special

    Charming gazeboCovered boat slipsPrivate deck accessBlue ridge mountainsLakefront homeEn-suite bathroomsFour spacious bedrooms
    Offers presented as received! Listed below Appraised Value.(report available) Welcome to 228 Cove Rd, a beautifully remodeled and fully furnished 4-bedroom, 4-bath lakefront home located in scenic Penhook, VA.(AirBNB Approved) With 142 feet of pristine deep water frontage on a half of acre - this home offers breathtaking views of Smith Mountain Lake and the surrounding Blue Ridge Mountains.Designed with comfort and functionality in mind, the home features four spacious bedrooms, three of which include en-suite bathrooms. The main upstairs suite overlooks the lake, the other with private deck access ideal for enjoying sunrise coffee or sunset cocktails. Outdoor living is where this property truly shines. A large screened-in porch overlooks the lake, providing a shaded and bug-free space that's perfect for entertaining guests or enjoying quiet evenings outdoors. Just off the porch, a charming gazebo adds even more space to relax. A beautiful slate rock walkway leads down to your private double-deck dock, featuring two covered boat slips, an upper-level party deck, and a slide for endless lakefront fun. There's also a small sandy beach area an ideal spot for kids to play and enjoy the shoreline. For added peace of mind, the seller has already pulled septic permits and completed a full septic 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.
    122 days
    |
    1,092
    |
    79
    |

    Zillow last checked: 8 hours ago

    Listing updated: November 24, 2025 at 01:38am

    Listed by:

    DANIEL A PERKINS 561-818-6167,

    KELLER WILLIAMS REALTY ROANOKE,

    VERONICA PERKINS 561-371-6190

    Source: RVAR,MLS#: 920376MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Heat Pump Electric
    Cooling
    • Has cooling: Yes
    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
    Video & virtual tour

    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
    • On waterfront: Yes
    • 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 & HOA

    Community
    • Subdivision: N/A
    HOA
    • Has HOA: No
    Location
    • Region: Penhook

    Financial & listing details

    • Price per square foot: $375/sqft
    • Tax assessed value: $607,400
    • Annual tax amount: $3,401
    • Date on market: 8/29/2025
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    Estimated market value

    $832,400

    $791,000 - $874,000

    $2,123/mo

    Price history

    Price history
    DateEventPrice
    11/24/2025Price change$850,000-5.5%$375/sqft
    Source: RVAR #920376 Report a problem
    11/5/2025Price change$899,7900%$397/sqft
    Source: RVAR #920376 Report a problem
    10/23/2025Price change$899,8000%$397/sqft
    Source: RVAR #920376 Report a problem
    10/5/2025Price change$899,9000%$397/sqft
    Source: RVAR #920376 Report a problem
    9/22/2025Price change$899,950-10%$397/sqft
    Source: RVAR #920376 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$3,401 +55.3%$607,400 +72%
    2023$2,190 $353,200
    2022$2,190 $353,200

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $4,762/mo
    Principal & interest
    $4046
    Property taxes
    $418
    Home insurance
    $298

      Climate risks

      Neighborhood: 24137

      Nearby schools

      GreatSchools rating
      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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