$5,750,000
Penhook, VA 24137
MLS# 925676
1 / 35
Property Description
One of a kind prime lakefront investment property that is currently a luxury campground w/approx 41 acres, 3,750' +/- of waterfront & 129 mobile home/camper sites w/water & septic hookups included plus 3 office sites. The tenants pay the electric. All campsites are grandfathered in & there is a permit for the park. This property is also perfect for a development tract for a new subdivision w/a terrific location on the lake & wide water views from each lot. All docks grandfathered in . Off water boat storage rentals under a cover shelter also rent out. Swimming area, covered pavilion for picnics & offers wifi, boat ramp, walking & golf cart trails. Bath house, pump station, 4 wells & 20 septic tanks (tanks pumped every year). Property, mobile homes & docks Sold As-Is) Appointment only.
Details
General Property Description
Construction Status: Completed
Total Acreage: 41
Flood Area: No
On site Parking: Yes
Water Class: Waterfront Property
Water ID: Smith Mtn Lake
Length of Waterfront: 3750
Lease Available: No
Location, Tax & Legal
Major Area: 16 - Pittsylvania County
Legal: Arrowhead LLC
Tax ID: 1563-34-1654
Annual Taxes: 18859.1
Area: 1690 - SML Pittsylvania County
Street Number: 5625
Street Name: Smith Mountain
Street Suffix: RD
State/Province: VA
Zip Code: 24137
Municipality: Pittsylvania County
Remarks & Misc
Directions: Rt 40 East, left on Rt 645, left on Smith Mountain Rd to property on the left just past Lake Point Dr
Limited Service
Not Limited Service: 1
Construction
Other - See Remarks: 1
Commercial Type
Investment: 1
Views
Lake: 1
Business Type
Other: 1
Sale Includes
Other - See Remarks: 1
Heating
Other - See Remarks: 1
Cooling
Other - See Remarks: 1
Water Description
Private Water: 1
Sewer Description
Private Septic: 1
Manufactured Homes
HUD Tag - DoubleWide: 1
Boat Dock Desc
A-Roof: 1
Floater: 1
Stationary: 1
Additional Features
Other - See Remarks: 1
Contract Information
Current Price: $5,750,000
List Price: $5,750,000
List Date: 2026-03-20
Status: Active
Property Features
Limited Service: Not Limited Service
Commercial Type: Investment
Business Type: Other
Sale Includes: Other - See Remarks
Construction: Other - See Remarks
Heating: Other - See Remarks
Cooling: Other - See Remarks
Manufactured Homes: HUD Tag - DoubleWide
Additional Features: Other - See Remarks
Water Description: Private Water
Sewer Description: Private Septic
Views: Lake
Boat Dock Desc: A-Roof; Floater; Stationary
Supplements
Campground has a Pumpout Station & Bath House. Cemetery located on the property. The seller mows the cemertery but it is used by the Ferguson family. One of the day docks can be used all day and has spaces for 4 different boats. 62 docks (56 docks are owned by the tenants and the owner owns 6 docks). The day docks can be used for just for one hour at a time. Also, included is a doublewide that is used as one office, singlewide being used as a second office and a third singlewide used as a tool storage building. During the warmer months there is Boat Church on the lakefront & people can attend in person by car or boat. Water tests are done quarterly.
GIS SHOWS 39.57 ACRES BUT THEN IT ALSO SHOWS IT TO BE 41 ACRES. SELLER IS SELLING PROPERTY AS 41 ACRES +/- SOLD AS-IS.
Listing Office: RE/MAX LAKEFRONT REALTY INC
Last Updated: March - 20 - 2026
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