0 Country Oak Rd #5, Penhook, VA 24137

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.