Country Oak Rd #5, Penhook, VA 24137
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OFF MARKET

Country Oak Rd #5
Penhook, VA 24137

    (on 6.36 acres)

    Local Information

    • Map ViewExplore the area around Country Oak Rd #5.
    • Schools1 Preschool School1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    Description

    Discover the extraordinary potential of Country Oak Road - Lot 5, a rare waterfront gem on Smith Mountain Lake. Spanning an impressive 6.36 acres with 141' of shoreline at the 795, this waterfront property offers a unique blend of privacy, tranquility, and investment opportunity. Minutes from Penhook amenities (country club, food market, restaurants, gas, public dock), this lot is one of the few in Franklin County that permits short-term rentals (zoned RPD). This unique property checks all the boxes: gentle slope near water with grassy area, wide cove near big water, native woods, privacy, multiple home sites, no HOA, and elevation variation. This is for those who know what they want and want to enjoy SML on their terms. + Enjoy approximately 325 feet of water frontage, offering breathtaking views where the cove gets wider. This expansive frontage allows you to build the larger 2250 sq ft. dock per AEP. Build the dock you want: the size you want, where you want it, and plenty deep for docking and swimming.
    + Gentle slope from the potential homesite to a large flat grassy area on the shore - you have to see this! You can use the shore your way as it is already.
    + No eyesores - In a wide cove with multi-million dollar homes on the opposite side including The Waters Edge.
    + Those who know the Lake well, know it is better to be in a wide cove near the wide water but not right on main channels. This cove opens into some of the widest water on SML where Bull Run and Blackwater merge - clear, deep water. Head further down the cove to enjoy kayaking or swing over to the wide water in minutes - you have all the options.
    + Unlike many properties in the area, Lot 6 has no Property Owners Association (POA) restrictions, granting you the freedom to develop and use the land as you see fit.
    + More than enough acreage to build your house, your way, where you want it.
    + As you move away from the water, mature hardwoods offer privacy and shade, with some elevation towards the back of the lot - you get it all: woods (you can clear as you wish), flat building sites, and elevation for terrain variation - there is even a stream!
    + Paved state road (route 977) frontage - this also makes future subdividing possible if you choose to do so.
    + Perc test and survey in progress
    + Rental Potential: Zoned RPD, this lot not only offers residential possibilities but also the rare opportunity to engage in short-term rentals, a coveted feature in Franklin County. If you build your vacation house and cannot get there enough, you may rent it weekly as you wish.
    + Infrastructure: The current owner has thoughtfully invested in the property, creating access roads and a trail system that meanders through the lush landscape, enhancing accessibility and showcasing the natural beauty of the land. Clearings for potential homesites make it easier to envision and build your dream home. Additionally, rip rap has been installed to enhance the beauty and protect the manicured grassy shoreline, ensuring longevity and aesthetic appeal.

    For those that want to SML their way, your dream lot awaits:
    With few lots of this caliber left on Smith Mountain Lake, Lot 6 Country Manor is a once-in-a-lifetime opportunity to create your dream home on your terms. Imagine waking up to stunning water views, spending your days exploring the lake, and evenings enjoying the tranquility of your private retreat. Whether you're looking to build a family home, a vacation getaway, or an investment property, this lot provides the perfect canvas. Two adjoining properties of about a combined 12 acres with 250' of waterfront are also available should you wish to have additional waterfront acreage.
    Embrace the chance to own a piece of paradise and build your Smith Mountain Lake dream home on Lot 6 Country Manor. Contact us today to learn more about this exceptional property and to schedule a private tour.
    Country Oak Rd #5, Penhook, VA 24137 is a lot/land. It last sold for $595,667 on Aug 27, 2024 (8% below the $649,000 asking price). It is currently off market.

    Home Highlights

    Parking
    No Info
    Outdoor
    No Info
    HOA
    None
    Price/Sqft
    No Info
    Listed
    180+ days ago

    Home Details for Country Oak Rd #5

    Interior Features

    Appliances & Utilities
    Utilities: Electricity Available, Natural Gas Not Available
    Gas & Electric
    Electric: 0 PhaseHas Electric on Property
    View
    No View

    Exterior Features

    Frontage
    WaterfrontWaterfront: Waterfront, Cove, Riprap ShorelineRoad Surface Type: PavedOn Waterfront
    Water & Sewer
    Sewer: NoneWater Body: Smith Mtn Lake
    Farm & Range
    Allowed to Raise Horses

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Property Information
    Parcel Number: 0670002401

    Price & Status

    Price
    List Price: $649,000

    Active Status

    MLS Status: Closed

    Location

    Direction & Address
    City: PenhookCommunity: N/A
    School Information
    Elementary School: Glade HillJr High / Middle School: Ben Franklin MiddleHigh School: Franklin County

    HOA

    No HOA

    Lot Information

    Lot Area: 6.36 Acres

    Miscellaneous

    Mls Number: 909340Water ViewWater View: Lake
    Last check for updates: about 8 hours ago
    Listed by CRAIG R WILSON, (703) 930-6999
    RE/MAX LAKEFRONT REALTY INC
    Bought with: CRAIG R WILSON, (703) 930-6999, RE/MAX LAKEFRONT REALTY INC
    Source: RVAR, MLS#909340

    Price History for Country Oak Rd #5

    DatePriceEventSource
    08/27/2024$595,667Sold
    RVAR #909340
    07/31/2024$649,000PendingRVAR #909340
    07/18/2024$649,000Listed For SaleRVAR #909340

    Market trends in Penhook

    Last updated June 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    —
    Sale-to-List Price
    —
    Price per sq ft
    —
    Available listings
    30
    3    MoM
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    Comparable Sales for Country Oak Rd #5

    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    1.77 Country Oak Rd, Penhook, VA
    0.30
    Lot/Land
    $355,000
    07/22/25
    -
    -
    476 Southwood Dr, Penhook, VA
    1.07
    Lot/Land
    $460,000
    09/02/25
    -
    -
    22 Jefferson Dock Rd, Penhook, VA
    0.70
    Lot/Land
    $32,500
    03/17/26
    -
    -
    Lot 508 S View Cir, Penhook, VA
    1.08
    Lot/Land
    $75,000
    08/29/25
    -
    -

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    Assigned Schools

    These are the assigned schools for Country Oak Rd #5.
    View nearby schools on GreatSchools
    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    What Locals Say about Penhook

    At least 3 Trulia users voted on each feature.

    • 100 % Say car is needed

    • 100 % Say it's quiet

    • 100 % Say they plan to stay for at least 5 years

    • 89 % Say there's wildlife

    • 83 % Say yards are well-kept

    • 83 % Say parking is easy

    • 83 % Say people would walk alone at night

    • 78 % Say there's holiday spirit

    • 55 % Say neighbors are friendly

    • 50 % Say it's dog friendly

    • 33 % Say kids play outside

    • 25 % Say it's walkable to restaurants

    • 25 % Say there are sidewalks

    • 25 % Say streets are well-lit

    • 20 % Say there are community events

    Sourced by Trulia users. Learn more about our methodology.
    • Hokies1958
      "Beautiful area. High end homes going cheap. Southern part of lake very clean, cleaner than northern part. Very low crime area but remote. 25 minutes to a Wal-mart. "
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    Off Market Homes Near Country Oak Rd #5

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