188 Locust Ln, Penhook, VA 24137
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.38 | Lot/Land | $460,000 | 11/04/25 | - | - | ||
0.49 | Lot/Land | $600,400 | 08/26/26 | - | - | ||
0.50 | Lot/Land | $699,900 | 09/11/26 | - | - | ||
0.61 | Lot/Land | $765,000 | 08/03/26 | - | - | ||
0.72 | Lot/Land | $2,424,900 | 05/22/26 | - | - | ||
1.24 | Lot/Land | $82,500 | 08/06/26 | - | - | ||
1.35 | Lot/Land | $30,000 | 12/30/25 | - | - | ||
1.37 | Lot/Land | $25,000 | 07/31/26 | - | - | ||
1.40 | Lot/Land | $25,000 | 06/30/26 | - | - | ||
1.40 | Lot/Land | $25,000 | 06/30/26 | - | - |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.12 | $561,200 | 2 | 1 | 940 | Off Market | |
0.13 | $503,800 | 2 | 1 | 560 | Off Market | |
0.24 | - | - | - | - | Off Market | |
0.35 | $603,400 | 3 | 2 | 1,288 | Off Market | |
0.38 | $1,550,000 | 3 | 4.5 | 4,546 | Recently Sold | |
0.39 | $750,000 | 3 | 2 | 1,750 | Recently Sold | |
0.38 | - | - | - | - | Off Market | |
0.38 | - | - | - | - | Off Market | |
0.38 | - | - | - | - | Off Market | |
0.38 | - | - | - | - | Off Market | |
0.41 | - | - | - | - | Off Market | |
0.44 | $1,144,300 | 4 | 3 | 2,537 | Off Market |
Homes for rent near 188 Locust Ln
Local Information
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Home Highlights
Lot/Land
26 acre lot
About this House
Absolute Substitute Trustee Foreclosure Auction Smith Mountain Dock & Lodge. Sale site located at The Water's Edge Country Club, 1825 Waters Edge Drive, Penhook, VA, on Friday, July 27, at 5:00 p.m. Marina Snack Bar Fuel Tanks Floating Docks Covered Docks with Lifts Dry Storage Cradles Boat Ramp Land Residential Rental Units Single Family Residence. There are very few marinas on Smith Mountain Lake and here is your opportunity to own this desirable Smith Mountain Lake Landmark! The property will be offered in 8 parcels and sold absolute to the highest bidder. The marina, which is located on auction tract 3, will sell with the Smith Mountain Dock and Lodge name and all of the stock in the corporation. The marina is currently open for business. Auction Tract 1: This 11 acre parcel is located on Smith Mountain Road and Waterlocked Road and it used to house the Ponderosa Trailer Park. There is a class B well and septic systems that were used for the trailers. There is a residence, a gazebo and dock in addition to the multiple floating docks. Auction Tract 2: This 5.5 acre parcel is located on Smith Mountain Road and Locust Lane. This parcel offers great building sites and the fire department currently docks a boat on the water frontage.Auction Tract 3: This 4.5 acre parcel houses the actual Smith Mountain Dock and Lodge. It has the 2 bedroom, 2 bath lodge, marina, fuel tanks and pumps, dry dock storage area, numerous sheds, 14 covered boat lifts and docks that are currently leased. There are actually 15 rental slips at the covered dock area; but, one boat is tied to the outside and has an electrical hook up. There are also 6 floating finger docks, boat ramp and an area to launch the dry dock boats into the water. An income producer here! Auction Tract 4: This 2.3 acre parcel has 12 covered boat lifts, 3 hand crank Jet Ski lifts and 10 floating finger docks. Another income producer! Auction Tract 5: Residence and .97 acre. This is where Todd and Donna live and oversee the operation of the Dock and Lodge. It has 2 bedrooms and 2 baths with great water views. Auction Tract 6: This water front tract is .97 acre and is further enhanced with 4 efficiency units and one storage unit. The storage unit houses the washer, dryer, water heater and storage for supplies. Auction Tract 7: This .4 acre parcel is located on Waterlocked Road and has 3 efficiency rental units and docks. Auction Tract 8: Also located on Waterlocked Road, this property offers .3 acre and a 2 bedroom, 2 bath rental unit with dock. The property is currently zoned RPD (residential planned unit development district) and the information on zoning is available on our web site or through Pittsylvania County. Go to the Woltz website for additional property details, photos, and complete terms and conditions of the auction.Directions to Property: From Gretna, VA, take Hwy 40 west and turn right on Smith Mountain Road. Go 4.6 miles to property on your right.From Rocky Mount, VA, take Hwy 40 east to Penhook and turn left on Old Mountain Road. Follow it 1.5 miles to stop sign and turn left on Smith Mountain Road. Go 2.4 miles to property on your right.Directions to auction sale site: The Waters Edge Country Club (1825 Waters Edge Drive, Penhook, VA 24137). From Smith Mountain Road, turn left on Waters Edge Drive. Go 1.7 miles to the club house
188 Locust Ln, Penhook, VA 24137 is a lot/land. This property is not currently displayed as for sale or rent on Trulia.
Home Details for 188 Locust Ln
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Property Type / Style Property Type: Lot Land |
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Lot Area: 26.00 acres |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 1, 2012 Source: Agent Provided | ListingRemoved | $0 |
Jun 27, 2012 Source: Agent Provided | Listed For Sale | $0 |
Market trends in Penhook
Last updated August 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
27
5MoM
Around this home
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
40 % 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
18 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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