Waterfront Lots at Smith Mountain Lake
Development Opportunity: Up to 5 Waterfront Lots!

Nicholas Lane
Moneta, VA [ map ]
$1,400,000

MLS#: 725805
  • Prime area of the lake
  • 5.29 acres
  • 689 feet of waterfront
  • Beautiful views, clean and deep water
  • Gentle and medium slopes
  • Private, with abundant wildlife


  • One of the last undeveloped waterfront tracts in this area of the lake. Zoned R-2. Perfect for up to 5 waterfront lots, or an immediate family exemption subdivide. Appraised value if divided into 5 lots: $1,825,000 (download appraisal). Also has potential for 39 waterfront townhouses. Near Smith Mountain Yacht Club, just off main channel.


    Lot Size (acres):5.29
    Length of Waterfront:689
    Property Description:Wooded
    Lot Description:Gentle Slope
    Medium Slope
    Road Frontage:617
    Water:Private Well
    Sewer:Private Septic
    Property Owners Assoc:No
    Water Class:Waterfront Property
    Water ID:Smith Mountain Lake
    Directions:
  • From Hales Ford Bridge: 122 North
  • Right on Rt. 655 (Hendricks Store Road)
  • Right on Rt. 654 (Hickory Cove Lane)
  • Right on Nicholas Lane about 300 yards past Village East
  • Lot is on Right Property line begins .4 miles after turning onto Nicholas Lane
  • Subdivision:Clearwater Estates
    Annual Taxes:$3,458
    Remarks:A rare development opportunity in one of the most sought after areas of Smith Mountain Lake. Located just off the main channel and convenient to everything, this property is expected to increase in value significantly. Can be submitted for a “family exemption” subdivision right now. With a state road, can be subdivided into 5 waterfront lots. With public water and sewer, you can build up to 39 waterfront townhouses. Please contact us for details and Bedford County requirements. This property offers privacy, clean, deep water, great views, many potential homesites, and a great location.

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