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.
For sale
Price cut: $49.8K (11/24)
$850,000
228 Cove Rd, Penhook, VA 24137
4beds
2,268sqft
Est.:
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
- 122 days |
- 1,074 |
- 78 |
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#: 920376
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
Estimated market value
$832,400
$791,000 - $874,000
$2,123/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/24/2025 | Price change | $850,000-5.5%$375/sqft |
Source: | ||
| 11/5/2025 | Price change | $899,7900%$397/sqft |
Source: | ||
| 10/23/2025 | Price change | $899,8000%$397/sqft |
Source: | ||
| 10/5/2025 | Price change | $899,9000%$397/sqft |
Source: | ||
| 9/22/2025 | Price change | $899,950-10%$397/sqft |
Source: | ||
Public tax history
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 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,800/mo
Principal & interest
$4084
Property taxes
$418
Home insurance
$298
Climate risks
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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