$120,000
Hardy, VA 24101
MLS# 915712
1 / 38
Property Description
RARE OPPORTUNITY TO PURCHASE A SML WF LOT WITH A GREAT WF BUILDING SITE & LONG WATER VIEWS IN A NEW SML WF SUBDIVISION AT A FANTASTIC LOW PRICE!!! Current lot owners' plans to build their new home on this lot have changed and as a result they are offering this large 1.6 acre lot with its 116' waterfrontage and long lake views for sale at a significantly reduced price to encourage a quick sale. You will not find any other lot like this one in this new SML WF subdivision for sale at this price, which is below its current tax assessed value of $154,000. The developer has paved the roads in this subdivision and is in the process of completing individual electrical utility connections to these lots, which work is currently being prioritized for lot owners who are ready to build on their lots
Details
Maps
General Property Description
Land Type: Unimproved Lot
Land Sub-Type: Residential - Single Family
Total Acreage: 1.63
Manufactured Allowed: No
Water Class: Waterfront Property
Water ID: Smith Mtn Lake
Length of Waterfront: 116
Location, Tax & Legal
Major Area: 04 - Franklin County
Phase: 0
Subdivision Map: Brightwater at SML
Lot: 72
Block: 0
Tax ID: 002 01-072 00
Annual Taxes: 664
Section: 2
Zoning Code: RPD
POA Y/N: Yes
POA Dues: 1000
POA Terms: Annual
Area: 0490 - SML Franklin County
Street Number: LOT 72
Street Name: Washburn
Street Suffix: CT
State/Province: VA
Zip Code: 24101
Subdivision: Brightwater @ SML
Municipality: Franklin County
Elementary School: Windy Gap
Middle School: Ben Franklin Middle
High School: Franklin County
Remarks & Misc
Directions: FROM HFB: Rt. 122 S ; R Hardy Rd; R Setzer Way across from Spirit gas station; R Moorman Rd to Right Pearl Dr. to R Washburn Ct. to Lot 72 on R. Section 2 road signs have not been installed yet.
Limited Service
Not Limited Service: 1
Land Description
Varied: 1
Views
Lake: 1
Misc Features
Underground Util: 1
Other - See Remarks: 1
Property Description
Paved Road: 1
Views: 1
Water Description
Private Well: 1
Documents Available
Association By Laws: 1
Building Restriction: 1
Deed Restrictions: 1
Sewer Description
Private Septic: 1
Electric Description
Below Ground: 1
Water Features
Point: 1
Other Water Details
Channel Marker: R77
Shoreline Mgmt Plan: Yes
Contract Information
Current Price: $120,000
Sold Price: $120,000
List Date: 2025-04-01
Status: Closed
Status Change Info
Ratified Contract Dt: 2025-06-02
Sold Date: 2025-07-17
Sold Price: $120,000
Property Features
Limited Service: Not Limited Service
Land Description: Varied
Views: Lake
Misc Features: Underground Util; Other - See Remarks
Property Description: Paved Road; Views
Documents Available: Association By Laws; Building Restriction; Deed Restrictions
Electric Description: Below Ground
Water Description: Private Well
Sewer Description: Private Septic
Water Features: Point
Supplements
In addition, the developer has provided for a common waterfront area for property owners to gather with their neighbors and friends, a community fire-pit area and a common mailbox area for residents.
This new SML WF subdivision is located close to the Bay Roc Marina and a public boat launching ramp and it is only a short drive to Vinton, Roanoke and Salem where there are numerous shopping, dining and medical facilities and offices, including two hospitals, a trauma center, doctors' offices and labs, and a regional airport than offers flights to a variety of locations including to major hubs that will provide you access to longer flights throughout the USA and the world beyond. And if you desire easy access to the SML Westlake Shopping Area, that is only a 15 minute drive away from your new home here.
To ensure that only consistent quality single-family homes are built in this new SML waterfront community and to protect the future value of these homes, the developer has established protective restrictions and covenants which include among other requirements, minimum square footage of finished living space ("FSF") for these homes: 1,800 FSF for homes on waterfront lots and 1,400 FSF for homes on interior lots.
Well and septic system to be installed on lot by Purchaser at Purchaser's cost.
Listing Office: RE/MAX LAKEFRONT REALTY INC
Last Updated: November - 18 - 2025
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