When it comes to waterfront homes, Smith Mountain Lake is a sought-after location due to its relaxed environment and breathtaking scenery. If you’re getting ready to sell, here are ways to improve the perceived value of your waterfront property.  

Lakefront living is a rare privilege. More than a trophy home, a waterfront property serves as a lifestyle enhancement for those who enjoy fishing, boating, and swimming in a serene environment. Living on or near the water is also known to boost happiness and mental wellness – there’s just something about the placid surface that creates a sense of well-being and connectedness in people. 

There’s no better place to enjoy waterfront living than Smith Mountain Lake. Known as the “Jewel of the Blue Ridge Mountains”, this premier waterfront getaway draws comparisons to other major lake destinations in the United States. But what sets Smith Mountain Lake apart is its community feel. While it is certainly a world-class lake destination, it has retained much of its bucolic character despite robust property values and tourism. 

Waterfront homes in Smith Mountain Lake are highly coveted due to their location and the community that they’re part of. Another factor that affects waterfront property values is exclusivity. In general, lakefront properties command higher prices than inland homes due to limited supply. 

Although waterfront home values fluctuate over time, they sell at a higher price than homes that are not on the water, according to a study of over 1.2 million residential properties across the US. Moreover, lakefront properties are consistently valued about 25% to 40% higher than comparable homes inland, according to analytics.

This means that sellers can look forward to a potentially lucrative sale. If you play your cards right, you can further enhance the desirability of your waterfront home by selling the Smith Mountain Lake lifestyle, as well as making improvements to the property. 

A LAKEFRONT COMMUNITY LIKE NO OTHER 

Located in the Blue Ridge Mountains, Smith Mountain Lake encompasses more than 20,000 acres. The lake itself was formed in 1963 by damming the Blackwater and Roanoke Rivers.

At about 40 miles long, the lake was initially meant to produce electricity but has since turned into a local attraction. 

With a surface area of over 20,000 acres and a shoreline spanning about 500 miles, Smith Mountain Lake is the second largest body of freshwater in Virginia and offers countless recreational opportunities. Smith Mountain Lake State Park is nestled on the northern border of the lake and features a beach with a public boat launch and snack shack. The park also provides access to over 13 miles of hiking trails, as well as several picnic shelters, campsites, and cabins.

Located just 20 to 40 miles from major urban areas like Roanoke and Lynchburg, the community is within driving distance of big city amenities. The towns of Moneta and Huddleston are also located around the lake, which covers three counties. 

COME FOR THE LAKE, STAY FOR THE COMMUNITY 

Though known as a vacation destination, Smith Mountain Lake has been attracting full-time residents over the last few decades. Indeed, Smith Mountain Lake appeals to buyers of diverse backgrounds. The famed novelist David Baldacci and Academy Award-winning actor Sissy Spacek are just some of the community’s high-profile residents. Retirees also flock to Smith Mountain Lake for its slower pace of living, relative affordability, and peaceful environment. 

In addition to outdoor recreation, residents have access to major retailers and healthcare providers in nearby Bedford, Lynchburg, Rocky Mount, and Roanoke. The Smith Mountain Arts Council (SMAC) hosts various art shows and community events throughout the year. 

Anyone who has fantasized about waterfront living should consider Smith Mountain Lake. Residents enjoy swimming, kayaking, waterskiing, and jet skiing in their own time. The lake is stocked with several species of fish, such as catfish, walleye, and smallmouth and largemouth bass. If that’s not enough, the sight of the sun setting over the crystalline waters of the lake is something to behold. 

WHAT TO CONSIDER WHEN INCREASING THE VALUE OF YOUR SMITH MOUNTAIN LAKE WATERFRONT HOME 

In addition to the lifestyle, Smith Mountain Lake offers prime real estate. Real estate is considered a valuable asset, especially when it is located on a body of water. However, when you are selling in a community with many other waterfront properties, it is important to find ways to make yours stand out from similar listings on the market. These simple and straightforward tips will help you make the most of a waterfront home sale.

Researching market trends and buyer preferences

Evolve ranked Smith Mountain Lake among “The 12 Best Places to Buy a Lake Home in 2023,” based on vacation rental performance metrics, median home prices, and the estimated operational costs and cap rate for vacation rentals in the area. The community landed the 5th spot on the list. With an estimated median rental revenue of $33,692 and a median listing price of $462,772, Evolve pegs the cap rate at 5.1% and considers it a top-performing vacation rental market. 

Most waterfront properties are priced between $500,000 and upwards of $1 million. With the huge potential for investment, rental income, and lower property taxes in Virginia, waterfront homes in Smith Mountain Lake make an attractive investment option.

Although Smith Mountain Lake appeals largely to second-home buyers, it is important to note that many condos, townhomes, and waterfront properties in the area are occupied on a long-term or permanent basis. The temperate weather and gentle seasons make it an ideal place for year-round living. 

The local real estate market remained strong despite a nationwide downturn, according to Realtors. Many buyers come from Northern Virginia, Pennsylvania, New York, New Jersey, California, and other states with generally higher property taxes. Buyers find that they are able to stretch their dollar while still enjoying a high quality of life on Smith Mountain Lake.

Renovations and upgrades

Waterfront property usually attracts anglers, swimmers, boaters, and kayakers, so consider transforming your home into the ultimate vacation home. Highlighting recreational opportunities on the property can help you attract more buyers. When making renovations and upgrades, make sure that the property reflects the lifestyle you’re trying to sell. Some simple ideas for waterfront home upgrades include:

• Additional storage for boats, kayaks, jet skis, and other items not in use
• A fire pit or fireplace for late-night gatherings 
• A beach or golf cart for convenient transportation
• A volleyball net, ping-pong table, or other sports equipment

If you’re ready to take on a more ambitious project, consider installing a floating dock to better accommodate boating enthusiasts. Having a private dock is a great way of adding value to the property as it provides a safe and secure place for boat owners to store their watercraft. 

In addition to storage, floating docks offer a visually appealing space where buyers can entertain friends and family. It also sends buyers the message that your waterfront property has premium features that justify a higher asking price. 

In general, all private docks can potentially add value to a waterfront home. However, a floating dock has several advantages over a stationary dock. First of all, floating docks typically do not require extensive underwater installation. These docks simply float on the surface of the water and will move as water levels rise and fall. This makes them easier to use provided that there is a good dock anchoring system in place.

The costs of building and installing a floating dock are typically lower than that of a stationary one and require fewer materials. They are also easier to repair and maintain in the long term – a cost-effective option for sellers who want to give their waterfront property an upgrade.

You can also add more value to a floating dock by investing in some add-on features or accessories:

• Kayak or canoe launch
• Boat or PWC port 
• Swim platform with ladders or slides
• Fish cleaning station
• Safety railings 
• Additional storage for supplies

If you already have a dock on your property, you’ll want to make it easily accessible to prospective buyers. You can do this by creating a clear and well-maintained path to the dock from other areas. You must also make sure that the dock is stable before making the property available for home viewings. 

You can also install other outdoor structures to make your waterfront property more appealing to buyers. These may include:

• Outdoor fireplace or fire pit
• Outdoor kitchen with a bar and barbecue grills
• Porch or patio
• Gazebo or pergola
• Walkways and stepping stones

These outdoor structures can make the property feel more conducive to recreation and entertaining. Consider installing ambient lighting and ceiling fans to keep outdoor spaces as comfortable and inviting as possible. Just remember to check with the homeowners’ association or local zoning guidelines first before installing or renovating structures on your property.

Outdoor spaces and landscaping

Waterfront homes have the advantage of location, offering water views and recreational opportunities that naturally come with living by the lake. Make the most of Smith Mountain Lake’s picturesque setting by making a few improvements to the property. 

Perhaps one of the most valuable things you could do to make a waterfront property more desirable is to offer buyers a clear and unobstructed view of the lake and the surrounding areas. You can improve waterfront visibility by trimming the trees, bushes, and shrubs on the property. Make sure that all interior and exterior windows are clean and in good condition.

In addition to clearing the view of the water, make sure that the shoreline is clean and free of weeds, trash, and other debris. A weed-infested shoreline can make a waterfront property seem neglected, which is a turnoff for many prospective buyers. The same goes for muck, silt, and sludge sitting just below the surface of the water surrounding the property. If you don’t have time to clean and remove weeds, hire a professional company that specializes in cleaning shores and beach areas. Consider installing outdoor lighting along the shoreline to make it more visible and easier to appreciate in the nighttime.

As with all real estate listings, curb appeal plays an important role in selling a waterfront home. In fact, it becomes more crucial for waterfront property since sellers should also consider how their home is seen from the water. If a waterfront property doesn’t look appealing from the lake, prospective buyers will simply move on to the next listing.

Professional landscaping can enhance curb appeal and increase the market value of your property. Greenery and colorful flowers can add visual interest to the exterior of your home. Here are some tips for landscaping:

• Come up with a landscaping plan – A landscaping plan offers a bird’s eye view of the property and ensures that each component of your landscaping project contributes to the larger picture. Following a plan lets you create a cohesive design and a realistic timeline and budget for landscaping.
• Keep the focus on the water – Make sure that all components of the landscape design highlight the property’s main selling point – its lakefront setting. Determine how key areas of the property will look from both the street and the water. Make sure that any trees, plants, and outdoor structures don’t obstruct water views.
• Choose native plants and flowers – When adding foliage to your waterfront property, choose plants and flowers that are naturally abundant in the area. This ensures that your landscaping blends in with the rest of the property, as well as with neighboring ones. This will also make your greenery easier to care for. 
• Install multipurpose landscape features – Certain landscaping elements such as retaining walls and erosion control structures can help maintain shoreline health. Other hardscape options like fences and sidewalks can also help make your property more secure while being aesthetically pleasing.

If you don’t have time to care for plants and install outdoor structures, hire a professional landscape architect that specializes in waterfront properties. Their knowledge of native plants and hardscapes will help you achieve the best possible results. 

Interior design and styling

Spruce up your home interior with on-trend fixtures and finishes. Replace broken fixtures and update the wallpaper and color scheme. Consulting with an interior designer will help you determine how to update your home. 

Staging your home is also crucial when listing a property. Decluttering and depersonalizing your home will make it easier for prospective buyers to imagine themselves living there. A professionally staged home can also help generate more interest in your real estate photos. 

Some staging tips for waterfront homes in Smith Mountain Lake include:

• Choosing a theme – There are many ways to present your home. From bohemian chic to rustic waterfront, choosing a theme will help create visual cohesion in your home. 
• Accentuating gathering areas – Stage the patio, porch, outdoor kitchen, and dining area to entice buyers who want to entertain guests and host events on the property.
• Framing the view – Use home staging to draw buyers’ attention to water views and make sure to let plenty of natural light come in. All water-facing windows should also be clean with the curtains pulled back during home tours.
• Putting items in storage – In addition to keeping the decor and furnishings neutral, make sure that every item in the home serves a clear purpose for staging. Consider putting extraneous items and personal belongings in storage. Not only will this keep the home clutter-free but it will also help protect your privacy. 

Adding functional and luxury features

Once you have all the basics covered, you can start thinking about enhancing functionality and adding luxury features. The sky’s the limit, as far as luxury upgrades go – you can install a hot tub overlooking the lake or convert the basement into a game room. Just keep in mind that not all luxury upgrades will have the same returns. If you don’t have much time and energy to invest in lavish upgrades, it’s best to keep it simple.  

WHY WORK WITH A REALTOR WHEN SELLING YOUR HOME 

While selling a waterfront home may seem complicated, adequate planning, preparation, and research will help you navigate the process. If you need professional guidance, work with a real estate agent who has experience selling waterfront properties. They will help you price your home correctly, evaluate offers, and negotiate the sales price.

FIND QUALIFIED BUYERS FOR YOUR WATERFRONT HOME 

If you’re ready to sell your waterfront home in Smith Mountain Lake, I’d be more than happy to answer any questions you may have about the selling process. 

As a long-term resident, I have in-depth knowledge of the housing market and the amenities in the area. As a Fine Homes Certified Specialist, Luxury Collection Specialist, Certified Residential Specialist, and Short Sales Foreclosure Resource, I will facilitate the quick and profitable sale of your waterfront home. 

Please contact me, Jane Horne, at 540.493.1690 or send a message to schedule a consultation.

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As well as being stunningly beautiful, Smith Mountain Lake in Virginia is a place where there’s so much fun to be had. From water sports like water skiing, wakeboarding, and kayaking, this man-made Lake has a lot to offer, along its 500 miles of shoreline.

Sometimes referred to as the “Jewel of the Blue Ridge Mountains,” the lake is the second largest body of freshwater in Virginia, after Buggs Island Lake. Smith Mountain Lake is located in Central Virginia along the Blue Ridge Mountains and equidistant from Lynchburg and Roanoke (approximately 45 minutes). It’s a mere four hours away from Washington, D.C., and Raleigh, North Carolina. 

Keep reading to get essential hiking tips including what to bring and safety reminders for your activities in Smith Mountain Lake. 

SMITH MOUNTAIN LAKE AT A GLANCE

• The Lake spans 32 square miles and has over 500 miles of shoreline. The Lake covers three counties: Franklin, Bedford, and Pittsylvania. Its average depth is 55 feet, it holds over 20,000 acres of water, and the full pond is 795 feet above sea level.  
• It’s well-stocked with several freshwater fish, such as black bass, crappie, catfish, walleye, smallmouth, and largemouth. 
• The Park has a public boat launch, boat rentals, a 500-foot beach with a snack shop, 13 miles of hiking trails, and multiple picnic shelters. 

A BRIEF HISTORY

The Lake’s history began in 1960 when the Appalachian Power Company built a dam on the Roanoke River to generate electrical power. The dam was completed in 1963, and some surrounding land was donated to create the State Park. The state of Virginia bought the land and opened the park to the public in 1983. Visit the visitor center at the dam and see hands-on exhibits and audio-visuals about how the Lake was formed. 

BEST SMITH MOUNTAIN LAKE HIKING TRAILS

Smith Mountain Lake trails typically range from half a mile to about three miles long. For the most part, these trails can be taken on by families and are dog-friendly, provided you keep them on a leash. However, if you’re looking for a stiffer challenge, there are many in the area. Most of the trails loop across the park, but on any path you choose, you’ll be greeted by stunning views, local wildlife, and fauna. 

Here’s a quick list of some of the best Smith Mountain Lake hiking trails:

Beachwood Trail

This popular and easy loop winds around the Smith Mountain Lake State Park campground. It is framed by a hardwood forest that features mostly American Beech trees. A great reward in this 2.3 km loop is the Alice Maxey home on top of a hill that used to look over a tobacco barn.

Chestnut Ridge Trail

The Chestnut Ridge Trail is a 5.4-mile multi-use loop used by hikers and mountain bikers. The trail offers some picture-perfect spots. Take a break on the wooden benches along the way and admire the stunning scenery around you. This lovely hike showcases terrific views of the Lake and its surrounding landscape. 

The Chestnut Ridge Trail is a moderate trail on the Blue Ridge Parkway and one of Roanoke Valley’s most popular trails.

Buck Run Trail

Travel along a finger of the Lake in this 5 km back-and-forth moderate trail. One of the best aspects of this trail is that it connects to other trails, allowing longer hikes. The views on this trail are spectacular and open to mountain bikers. 

Lakeview Trail

This family-friendly trail is one of the shorter trails at just 0.3 miles. It encircles the Discovery Center and offers the clearest panoramic views of the Lake’s main “S” curve. Along the path,  there are interpretive signs that detail the life of ospreys, so you can make it a discovery walk for the kids. The trail also includes a sighting of an osprey nest platform, where you can observe osprey between March and early September.

Turtle Island Trail

This 1.4-mile trail is another popular trail among locals and guests and is located near the entrance of the Chestnut Ridge Trail. The trail crosses a bridge to Turtle Island which is abundant with flora and fauna. Nearby you will find a small bird blind for wildlife observations. 

It’s a moderately easy trail with an interpretive loop with some elevation changes. 

Osprey Point Trail

This Smith Mountain Lake hiking trail is a moderately difficult hike. It’s 0.4 miles long and travels along a peninsula near Moody Meeting House Historical Site. This rock-strewn path offers great views of both the Lake and the massive rock formations of Moneta Gneiss. The trail features a stone fence built in the early 1800s, and hikers can see where the rock was harvested to create the wall. 

In addition to all these outdoor activities, Smith Mountain Lake hosts several festivals and events all year round. During the autumn, visitors can time their stay to coincide with the weekend-long Smith Mountain Lake Wine Festival, which features excellent live music, artisan vendors, superb spirits, beer, cider, and wine. Similarly, the Antique and Classic Boat Show and Festival focuses on restored antique boats, and the Fall Chili Festival features a chili cook-off. 

SMITH MOUNTAIN LAKE HIKING TIPS

Hiking is a great way to spend the day and rediscover the beauty of the great outdoors at a pace that’s comfortable for you. With some foresight and planning, you can have a great Smith Mountain Lake hiking trail experience that will reinvigorate both body and mind. Here are some tips that will not only keep you safe but also maximize your hikes. 

When to Visit Smith Mountain Lake

Smith Mountain Lake State and Community Parks are open year-round, but the trails are best between March and November, specifically around fall. During this time there’s less humidity and clearer skies and you can catch views of the natural surroundings in all their splendour.  

Come October, Smith Mountain Lake’s trees burst into a rainbow of spectacular colors that cover the region in vibrant shades of orange, yellow, and red. Unlike visiting during the summer and before Labor Day, when the lake and parks are used by more people, in autumn, you’ll have a more private experience. 

What to Bring

Experienced hikers will already be well prepared before they venture out. However, for those less experienced we provide a list of what you may want to bring along. Note that you may not need all these items, depending on the difficulty and length of the trail.

Preparing for the Hike

Proper preparation on your Smith Mountain Lake hiking trip goes a long way to ensure your safety and get the most out of your hike. Knowing some information about your hike will prevent overpacking which will only hinder and get in the way of fully enjoying yourself. Underpacking could at best mean you regret not taking that insect repellent and at worst leave you open to harm, such as not bringing enough water on your hike. 

• Pick your trail: Before packing, choose your trail and know if it’s an easy or moderate trail. State Park information is readily available and indicates the unique features of the trail so you know what you’ll be encountering. Will there be an opening leading to the lake, or is there a peak that gives you spectacular views? Will you want to take a short break or a longer one, and if so, would it be a good idea to have a picnic?
• Time of day and length of trail: Easy trails typically take one to two hours, so consider the heat, the park hours, and the rest of your schedule.
• Time of the year: When are you planning to head to Smith Mountain Lake? The season and subsequent weather can affect the time you plan to hike and the conditions in which you’ll be hiking. Note that Smith Mountain Lake is open year-round. If you are hiking in the winter, carefully consider the time of day and the weather patterns to avoid getting caught in the dark or a strong snowfall.
• Physical fitness: Try to be as objective as you can when assessing your own personal fitness level. Though hiking is generally a pleasant activity, it does present some level of challenge, especially when there are steep elevations.
• Health first: Ensure you take any necessary medication with you, and if you have health concerns, seek your doctor’s clearance before heading out.
• Hydrate and eat: Before engaging in any activity, make sure you’re well hydrated, and you’ve taken adequate food that will give you enough energy for the hike.
• Test gear: Wear your new footwear so they’re broken in, test your equipment like cameras, check the batteries, etc., to ensure everything’s in good working condition.

Outdoor Tips and Safety Reminders

The Virginia Department of Conservation and Recreation has created a safety guide for hikers and we’ve listed the most pertinent for you here:

1. Check a weather app and pack and prepare for forecasted weather.
2. Bring and apply sunscreen, even when it seems there is no need.
3. Carry a small first aid kit, and keep a larger, complete kit in your car or campsite.
4. Bring a water bottle and fill it with water instead of other drinks that may not hydrate you as well as water, such as coffee or sodas.
5. Carry a whistle, and your phone (with a full charge or power bank as necessary) at all times in case of emergencies, and keep emergency numbers and information on you before you hike. 
6. Know your trail and have a physical or e-copy of the map.
7. Wear sleeves to protect your arms and make sure to tuck your pants into socks when hiking. This will protect you from most bugs and other wildlife.
8. Keep your pets on a leash. If hiking with children, plan according to their endurance level and bring essential items they may need. 
9. Only light campfires in designated fire rings. 
10. Bring flashlights and glowsticks. 
11. Stay on the trail. Going off-trail can damage the trail’s surrounding ecosystem. It also ensures you’re on a safe path.
12. Keep snacks, water, and an emergency blanket in your pack.
13. Tell friends and family about your outdoor activities, route, dates, and expected return.

Hiking Etiquette

Hiking is one of the most popular ways to see and spend time in the great outdoors. Whether on the trails alone or with a group, follow proper hiking etiquette to ensure safety and allow everyone to enjoy this much-loved activity. 

The golden rule, as with everything, is to treat others the way you want to be treated. 

Here are other golden rules to keep in mind while hiking on Smith Mountain Lake:

• Right of way: There may be hikers coming from the other side, so leave adequate space for others to pass. Also, if you’re descending, give way to those who are climbing up.
• Do not disturb fauna or damage the flora: Keep your distance from any wildlife you encounter.
• Don’t take anything from the trail or leave anything.
• Be friendly: A simple “hello” or nod goes a long way when you encounter other hikers. If you need to pass someone, gently announce yourself and in a friendly manner let them know you’d like to pass.

SMITH MOUNTAIN LAKE REAL ESTATE

Smith Mountain Lake is a wonderful location not only for hiking but a raft of other activities set in beautiful natural surroundings. It also has some wonderful waterfront real estate properties. Live a life of luxury and buy a home for sale in Smith Mountain Lake that will transform how you live and the pleasure you get out of life. 

If you’d like to know more, contact Jane Sullivan Horne. This award-winning Realtor has lived in the area for decades and specializes in luxury Smith Mountain Lake properties. Find your dream home today and contact Jane at 540.493.1690 or leave her a message here.

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Smith Mountain Lake is a breathtakingly beautiful place to live. Yet, inevitably there are times when it becomes necessary to sell your luxury home in Smith Mountain Lake. Hopefully, it’s just so that you can move into another property in the area. However, for some it means relocating to another part of the country, or even going abroad.

Either way, if you find yourself looking to sell your luxury home in Smith Mountain Lake, you’ll want to ensure that you get the best possible deal. Here, we’ll take you through the considerations you need to keep in mind so that you get at the very least a fair if not good price for your home, as well as helping your home sell in the quickest time frame possible.

Pricing your home

One of the most impactful aspects of selling your home will be pricing your home accurately. This will to a large extent determine whether your home sells quickly and for a price that is fair to you. Your home’s price should reflect its worth in the current real estate market. Pricing your home too high will almost certainly prevent interested buyers from making an offer while pricing it too low means leaving money on the table.

When your home is priced correctly, you’re more likely to receive multiple bids strengthening your position in any negotiations. This can even result in a bidding war, and you could end up selling your home for more than your original asking price.

What happens when you underprice

Apart from the fact that you never want to take less for your home than its market price, other issues can arise when you underprice your home.

Your home may be perceived as being of lower quality than comparable properties. Pricing low may arouse suspicion that there are hidden issues such as problems with the foundation, roof, or HVAC. By pricing your home too low, you may inadvertently raise red flags in a buyer’s eyes.

If you price your home too low, it can also give buyers the impression that you are desperate to sell. This actually may be the case, but given that homes in Smith Mountain Lake typically sell after 41 days on the market, it may be more prudent to price accurately and allow market forces to run their course, rather than alert buyers that you are ready to sell at a low price, as this may open you to even lower bids than the initial listing price posted.

What happens when you overprice

Overpricing your home is a common mistake that sellers make. When a home is overpriced, potential buyers simply will not bid, as they don’t see value in the purchase. If your home sits on the market too long, it can become stale. When a home is on the market for an extended period, potential buyers can begin to perceive it negatively, questioning why the home is not selling. Eventually, you may need to lower the price of the house below the market value, just to generate some interest in the property.

Moreover, an extended listing period can have a detrimental effect on your bargaining power, as potential buyers will notice that you have been attempting to sell your house for a while and will be more likely to try to negotiate a lower price.

Don’t overestimate your home’s upgrades

Pricing a home for sale can be a tricky task, especially if you have invested in a lot of upgrades and renovations over the years. It’s easy to fall into the trap of thinking that these upgrades make your home worth more than what the market suggests, leading you to overprice it and potentially scare off potential buyers.

One of the most common mistakes homeowners make is overpricing based on the improvements they made. While you may love the new tile in your bathroom or the upgraded windows, buyers may not value those upgrades as much as you do.

Before you list your home

Conduct thorough research about the local real estate market

Determine the state of the local real estate market to give you an overall view of the median prices for homes listed and homes sold. Realtor.com reports that the median price for a home sold in Smith Mountain Lake, VA was $589,000 as of April 2023. This median listed price for a home in the same month was $549,000. It’s important to note that on the whole homes in Smith Mountain Lake sell close to their listed prices with a sale-to-list price ratio of 99.89%.

Analyze the comparable properties in the area

Comparable properties, or “comps” for short, refer to homes located in the same area or neighborhood that have similar characteristics to your property. These include factors like the size of the home, number of rooms, lot size, age of the house, and other amenities like swimming pools, garages, or decks. By finding comparable properties, you will be able to see at what price other similar homes in your area are currently selling for and how they compare to your property.

Your ultimate goal when pricing your home is to arrive at a fair market price that considers all aspects of your property, including its condition, location, and demand. By knowing the price of comparable properties, you can approach your home’s valuation objectively and determine its market value.

How a real estate agent helps you price accurately

A professional real estate agent will evaluate the recent home sales in your area, consider the current market conditions, and provide you with a number that accurately reflects the value of your home. They take into account factors such as the size of your home, its location, the age of the house, and whether any improvements have been made on the property. A real estate agent can also advise you if there is any need for repairs or upgrades that could add value.

While their experience and know-how enable them to give you the most accurate pricing for your home, what is often overlooked is their objective stance. It can be difficult for some homeowners to price their homes accurately, as they may not be using metrics that determine the market value of the home. In some cases, homeowners attach a sentimentality and a love of their home to the asking price. While this is an understandable reaction when selling a home, it often will not lead to an accurate price point and ultimately could negatively impact the selling process. An experienced real estate agent will have the strength to keep you objective while at the same time understanding that selling your home is often more than just a transaction and can actually be a very emotional endeavor.

What features buyers are looking for in luxury homes

While different buyers are looking for different features, it’s good to know what particular features and amenities are sought after by a large number of today’s market.

Open Floor Plan

Open floor plans have been popular for a while now and will likely continue to be in high demand for the foreseeable future. With an open floor plan, the kitchen, living room, and dining room are combined into one open space, or flow seamlessly into each other. An open floor plan makes the home feel larger and brighter.

Smart Home Technology

Smart home technology has already become prevalent in recent years and will likely continue to be a strong draw for many homebuyers. Homebuyers are now looking for homes that make their day-to-day living easier or more convenient. They want to control the functions of their home using their phone or tablet or just by voicing their commands. Bear in mind that Millennials have grown up and this tech-savvy generation is now the largest demographic of homebuyers.

Energy Efficiency

Environmental awareness has had a considerable impact on the way we live and the homes we live in. There is a greater desire to be eco-friendly and for homes to have more energy-efficient features. These features may include double-paned windows, insulation, tankless water heaters, and solar panels. Again, note that Millenials and younger generations are keen on these features.

Outdoor Space

During the pandemic, outdoor space became more important than ever. House buyers are looking for homes with a balcony, patio, or backyard. These outdoor areas provide a space for individuals to relax and enjoy the fresh air without having to leave their homes. Moreover, outdoor space offers a spot for outdoor dining and entertaining friends.

Home Office

Perhaps the biggest feature to emerge from the pandemic is the home office. With remote work becoming more common, it has become increasingly important to have a dedicated space for work. Many homeowners are looking for a house that has space for a home office that is separate from the living area.

Worthwhile upgrades and improvements

It is highly recommended that you seek the advice of a real estate professional before you undertake any serious upgrades or improvements. Repairs generally help when it comes to inspections and the overall sellability of a home. Small improvements such as replacing old cabinet knobs are not costly and can make a big difference in the home’s aesthetic value.

However, making significant improvements beyond what is standard in your area may be a waste of time and money. Bear in mind that not all home improvements provide the same return on investment (ROI). Some popular home improvements, such as an upgraded kitchen or bathroom, may have decent to good ROI but more substantial investments like a swimming pool or home theatre may not be appealing to potential buyers. In fact, some may even view them as maintenance costs or additional expenses that they don’t want to take on.

The best time to sell Smith Mountain Lake luxury homes

Selling your Smith Mountain Lake luxury home can be as much about timing as it is about pricing. So what is the best time to sell your luxury home in Smith Mountain Lake?

Spring

Spring is typically the most popular time of year to sell a home, and this trend holds true for Smith Mountain Lake. The warmer weather and longer daylight hours make it an attractive time for buyers to tour available properties. Additionally, many families with school-age children often begin their search in the spring in anticipation of moving before the next school year.

Summer

Summer is another popular option for selling Smith Mountain Lake luxury homes. The lake is a popular destination for boating, fishing, and other water activities during this time of year, making it an appealing time for buyers to explore property options. Additionally, the summer months provide ample opportunity for outdoor entertaining, showcasing the potential of a luxurious lakefront property.

Fall

While summer and spring remain the most popular months to sell a luxury home in Smith Mountain Lake, fall has its own benefits for sellers. As the weather cools down, prospective buyers may be more motivated to buy and willing to negotiate terms to close a deal before the upcoming winter months. Additionally, the autumn foliage around the lake provides a natural beauty that can enhance the appeal of your property.

Winter

Winter is typically the least popular time to sell Smith Mountain Lake luxury homes, but it’s not impossible. Buyers will still want to explore options year-round, and those seeking a year-round home may be motivated to make a purchase before the end of the year for tax purposes. Additionally, sellers may be able to leverage the holiday season as an opportunity for festive staging with enticing holiday decor.

Note that those looking to buy during winter are likely more serious than speculative, which could mean a quicker sale with less negotiation.

Working with a top Realtor

When buying or selling a Smith Mountain Lake luxury home, work with top professionals in the area.

With over 28 years of professional experience working as a real estate professional here at SML, I specialize in luxury homes. My aim is to make your buying or selling journey as smooth and successful as it should be. I help buyers find not only their perfect home but also their perfect neighborhood where they can thrive and enjoy all the benefits of living in Smith Mountain Lake. For sellers, I ensure that they get the best possible deal for their properties in the quickest time.

Call me, Jane Sullivan Horne at 540.493.1690 or leave a message here and I’ll get back to you as soon as possible.

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Living in a luxury home in Smith Mountain Lake means living in an area of unrivaled natural beauty. The region has an abundance of trees and natural foliage and the lake itself completes the view. With such views is it then necessary to pay any attention or improve your immediate outdoors?

We believe that the simple answer is yes. It would be a shame to be surrounded by such scenery and then have your garden or patio not enhance or even lower the impact of the scenery. Make the most of your luxury home in Smith Mountain Lake and take a little time and care to make it the perfect home, in the perfect setting.

Here, we’ll look at what you can do to give your Smith Mountain Lake luxury home the outdoor facelift that will bring out its full potential.

Benefits of improving your outdoors

Upgrading your outdoor space doesn’t need to be a costly endeavor, though, of course, some projects are more costly than others. Improvements can be functional or aesthetic, but either or both will enhance your living experience and likely add more value to your property. Here are some of the reasons why you would want to invest a little time and money in the outdoor areas of your home.

A change of style

It’s refreshing to update older styles and maybe what your outdoor living area needs is a facelift, especially if it hasn’t been updated in a while. Or you may have made amendments to your home and would like the exterior to match and complement those changes.

Add functionality

Maybe your patio needs a breakfast nook for your early morning coffee or just extra seating for when guests come over. This is a relatively easy and affordable improvement, that transforms your outdoor space. More extensive improvements could be adding a kitchen or a bar, making it possible to hold lavish outdoor parties.

Increase the property’s value

A well-designed outdoor living space that adds functionality will almost certainly add value to a luxury home in Smith Mountain Lake. At the very least, it will be eye-catching and help distinguish itself from other homes on the market.

Outdoor ideas for your luxury home

A number of people hire landscape architects to work on their Smith Mountain Lake luxury homes. Their combination of creativity, technical expertise, and environmental knowledge is invaluable. They bring a lot to the table and they do all the work for you. However, even if you hire a professional, that doesn’t mean that you can’t be heavily involved in the designing process, your input is important, unless you completely trust the professional and let them have free reign over the designs.

For simpler amendments, you can just go ahead and implement them yourself. Here are some tips and ideas.

FOR THE DECK OR PATIO

Whether you want the perfect outdoor entertainment area or a quiet retreat, you can turn your deck or patio into an oasis that’s uniquely yours with a few simple steps.

Pick a theme

Before anything else, pick a theme that matches your personal taste and your home, and stick to it. This will be the foundation of the area’s overall look. Sticking to a theme is important as mix-matching can often lead to an unbalanced aesthetic that can be more jarring than pleasant and pleasurable. If you’re not sure of what you want, suggestions from professionals or even looking through examples online will help.

Explore different colors and textures

Picking the right color combination can help establish the mood you’re aiming for. Remember, colors like red and orange evoke energy and excitement, while cool colors like blue and green are associated with calmness and tranquility. White, gray, beige, and other neutral colors evoke balance and simplicity.

Texture adds depth and contrast. This will help prevent the area from looking one-dimensional. Add fluffy throw pillows to the couch or pick furniture with a textured material like wood which enhances and blends with the surrounding natural beauty.

Get the right furniture

Your patio should be conducive to relaxation, so buy comfortable furniture. Pay attention to their materials since they can affect comfort. Those made with teak and wicker are a good choice as they’re flexible, light, and have weather-resistant qualities. They’re also available in different shades giving you some flexibility in matching them with your theme and overall tone.

Add more storage

To keep the space organized, add more storage solutions. There is plenty of outdoor furniture that feature built-in storage compartments. They typically come in the form of ottomans, benches, and tables. You can also use planters with compartments if you want to add potted greenery near the seating area.

If you’re going big with an outdoor bar or kitchen, there’ll be many good options for increased storage with countertops having cabinets and drawers.

Enhance with lighting and sound

Outdoor lighting can completely transform a home. It can turn a rather drab and inviting spot that no one wants to spend too much time in, to an outdoor space where it’s a joy to have meals or take in the view while sipping on a favorite drink. String globe lights, hanging lanterns, and electric candles are great design additions.

If you’d like to hold more events and parties in your outdoor living space, it might be worth installing an outdoor sound system. This will almost certainly provide superior sound compared to portable speakers (unless they are of the prohibitively expansive kind) and give the space an identity as an outdoor living area.

FOR THE GARDEN

You don’t need to completely overhaul your garden just to improve it. Here are some simple solutions that can make a huge difference to the entire area:

Prune the foliage

Apart from improving how your garden looks, pruning keeps the plants healthy. By removing dead or damaged parts, you’ll make greenery more pest and disease-resistant. Pruning also encourages growth and flower production.

When pruning, use sharp shears or saws, so you can always make clean cuts. You should also prune when the plants are dormant. This is usually during winter and early spring, though this will depend on the plant. For Roses, spring works best, while evergreens and perennial plants should be pruned during fall.

If you don’t have a green thumb or have no desire to prune, hiring a gardener or an arborist for more challenging jobs is an option.

Assess your planting spots

Check your garden beds and reassess your plant placements regularly because conditions can change fast. You may find out that what once seemed like a perfect spot for a small shrub may become overcrowded as the plants grow. If this happens, adjust your placements and give each plant sufficient space to thrive.

Plant native species

When you’re shopping for new seedlings and plants, try to stick with native species. They’re better adapted to the weather and soil conditions, so they’re more likely to survive and thrive. This also means you can reduce the time you’ll spend on upkeep.

Virginia bluebells, Fire pinks, Spiderworts, and Turtleheads are ideal flowering plants for luxury homes in Smith Mountain Lake. If you’re looking for shrubs, Summersweets, and Virginia sweet spices are great options.

Integrate shrubs and vines

Diversify your garden to give it more character. By using different plant types, you can achieve an engaging and visually appealing landscape. Shrubs can create structure and if they grow taller, you can use them as natural barriers that can block unsightly views and reduce noise.

On the other hand, vines are excellent for creating vertical interest. They can be trained to grow up trellises, walls, or pergolas, adding dimension to your outdoor space and making the garden feel more dynamic.

Start garden edging

Edging is often overlooked, but it can make a significant difference in a garden’s look and health. It’s the practice of creating physical boundaries that separate the garden bed edges from the lawn and other landscape elements. This helps protect the plants from invasive weeds, accidental trampling, and lawnmowers.

FOR THE LAWN

Turn your lawn from ordinary to a property asset that’s both stunning and sustainable. Here’s how:

Use the right grass variety

Choosing the right grass is crucial, so your lawn can stay green for most of the year. Some are more durable, while others require varying levels of maintenance and are susceptible to varying or stronger weather conditions. For luxury homes in Smith Mountain Lake, look for grass varieties that can handle the humid subtropical climate. Perennial ryegrass, fine fescue, and zoysia are popular choices in the area.

Grade the lawn

It sounds fancy, but grading the lawn is a relatively straightforward process. It’s a simple process of leveling and adding slight inclines on your lawn. While not extravagant, it’s necessary. A well-graded lawn encourages proper water drainage. This means you won’t have to deal with soil erosion, water pooling, and other issues that detract from the enjoyment of your outdoor space.

Add built-in pathways

If you don’t already have one, consider adding built-in pathways. They’ll add character and also encourage visitors off other parts of your lawn. Instead of typical concrete slabs, install large, unhoned stones to create a forest-like setting or pavers and bricks for a classic look. Make the path more elegant by installing guiding lights.

Create rock gardens

Rock gardens can add depth and visual interest to a mundane space like a yard. You can use it as a focal point or a creative way to hide imperfections. Rock gardens can range from a large-scale project that features several elements to a humble corner in the lawn that’s decorated with gravel and pebbles. Rock gardens are easy to install, make an interesting feature, and require little to no maintenance.

Invest in water features

A water feature can greatly enhance an outdoor space and can provide either a sense of movement or a touch of serenity, often they add both. Like rock gardens, they can range from large to small-scale additions. They also come in different styles. Some have a minimalist look, while others, like those in grand estates, can be ornate and the focal piece of an outdoor design.

FOR SECURITY AND PRIVACY

Don’t leave your security up to chance and your home vulnerable. Take a look at how most homeowners in the Smith Mountain Lake area enhance their security and privacy:

Consider fencing

Simple fencing can add a significant layer of security and protection to your outdoor living space. This isn’t just to deter unwanted visitors, it also helps keep children and pets from wandering outside the property. You can choose from a variety of fencing options such as wood, metal, and vinyl. As mentioned earlier, you can utilize tall hedges as well.

Add trellises

If you want to create a more intimate portion of the outdoor area, trellises provide partial privacy. They obscure views from certain angles, but they still maintain an open and inviting ambiance. They’re highly versatile. Their sizes, shapes, patterns, and finishes can be customized to suit the theme you want. You can also incorporate climbing plants to add more to their design.

Integrate smart home security systems

Today’s smart technology is ever-improving and is already at the point where it’s simple to keep your home safe with relative ease. Smart home security systems often come with a combination of features like video surveillance, motion detectors, and alarms. All of which can be remotely monitored and controlled in one app. This is particularly useful if you’re buying a vacation home that will at times be vacant. Wherever you are in the world, you’ll be able to monitor for intrusions, watch what is happening via streamed video, and summon assistance immediately if there is cause for alarm.

Your outdoor space on your luxury property home in Smith Mountain Lake shouldn’t be an afterthought. Just a little investment of time and energy can do wonders in elevating your home, living experience, and property value.

WORK WITH THE LEADING REALTOR IN SMITH MOUNTAIN LAKE

If you’re looking for a permanent way to enjoy life in Smith Mountain Lake work with Jane Sullivan Horne, one of the most trusted real estate professionals in the area.

Jane is a Virginia Realtor specializing in the most coveted luxury homes in Smith Mountain Lake and its surrounding communities. Being in the luxury sector for 37 years, Jane has developed a keen eye for design and is well-versed and up-to-date on the market trends in the area.

Call Jane today at 540.493.1690 or send a message here to begin your buying or selling journey with a top professional.

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Nestled in Central Virginia along the picture-perfect lake of the same name, Smith Mountain Lake is a breathtaking enclave known for its relaxing lakefront lifestyle. Tourists are drawn to the area for its spectacular landscape, serene atmosphere, and exciting water activities.

Smith Mountain Lake luxury homes are in high demand for their proximity to the region’s great outdoors and their impressive resale values. As of April, 2023, the median listing price in the area was $589,000, but luxury homes can command as much as $4 million or more.

If you’re planning to sell your Smith Mountain Lake property, however, it would be a mistake to think that the area’s sheer natural beauty will be enough to attract the right buyers. To get the best outcome, you need to make your home stand out from the competition and convince buyers that it’s the perfect property for them.

This is where home staging comes in. Time and again, home staging has been proven to be effective in helping sellers attract buyers and get better deals out of real estate transactions.

WHY LUXURY HOME STAGING IS A WORTHY INVESTMENT

Home staging is a sales tactic involving decluttering, redecorating, and temporarily furnishing a property to present it in the best way possible for a sale. Many think of it as “setting the stage” for potential buyers, allowing them to see the lifestyle they can expect when they live in the home.

Is staging a luxury home in Smith Mountain Lake necessary? In today’s competitive real estate market, putting your best foot forward – which essentially is what home staging is all about – can reap you amazing rewards.

Here are some of the perks you can get from sprucing up your property before listing it.

• Sets a lasting first impression

  The impression a buyer gets as soon as they walk into a home can determine the outcome of a sale. A beautifully-staged property with a fresh and updated look can immediately pique buyers’ interest and influence their decision to make an offer.

• Increases home value

  A 2022 report from the International Association of Home Staging Professionals (IAHSP) revealed that staging helps increase a home’s sales price by as much as 20%. Data from the Real Estate Staging Association (RESA) published in 2021 also show that almost 75% of over 4,500 staged properties were sold over their listing prices.

  These statistics only affirm the effect staging has on real estate sales and show how it can help buyers make a higher profit when putting their Smith Mountain Lake luxury homes for sale.

• Sells the home faster

  Non-staged properties tend to stay longer in the market than staged homes. The 2021 report from RESA says that houses that were staged before listing only spent about 23 days in the market, while unstaged homes took an average of 184 days to get sold.

• Highlights the home’s strengths

  Home staging is a great way to spotlight the property’s best features while downplaying the least attractive ones. Through clever staging techniques, home stagers can draw buyers’ attention to the most desirable elements of the home.

  In staging a luxury home in Smith Mountain Lake, for example, amenities such as covered porches, docks, and outdoor living spaces are highlighted to sell not only the property but the laidback lakefront lifestyle that comes with it.

• Depersonalizes the property

  Most Smith Mountain Lake luxury homes have been built and designed to suit the owners’ tastes. Since everyone has varying preferences, it is best to redecorate the property and stage it in a style that would appeal to as many buyers as possible.

  Removing your personal memorabilia and knick-knacks as well as highly customized features will make it easy for buyers to visualize themselves living in the property. It allows them to see the home’s potential while getting a glimpse of how it is to live in the property.

• Revamps outdated and damaged features

  Broken floorboards, paint blisters or bubbles, old appliances, and other outdated elements can drive prospective buyers away. An important part of home staging is to identify features that need to be fixed or updated to give the property a fresh look with a brand new feel.

7 TIPS FOR STAGING YOUR SMITH MOUNTAIN LAKE LUXURY HOME

Staging a luxury home in Smith Mountain Lake can have a drastic effect on the property’s appeal and value. Making a few clever tweaks around the house can make the space stand out in the market and help sellers make a good profit.

Here are some tips on how to stage your Smith Mountain Lake home and turn it into a buyers’ dream.

1. Keep things simple

   Staging a luxury home does not require extravagant furniture or décor pieces. Minimalism is still on trend—and many buyers are drawn to this interior design style’s simplicity, as well as its fresh and airy effect.

   When staging Smith Mountain Lake luxury homes, start with essential furniture pieces like sofas, coffee tables, dining sets, and beds. Use them as a guide for accessorizing, but remember to incorporate a breathing room between each design element. Doing so keeps visual distractions at a minimum and lets the buyer imagine what they can add to the space.

2. Flaunt unique amenities

   Smith Mountain Lake luxury homes often have one-of-a-kind features that showcase the area’s breathtaking landscape and tranquil atmosphere. Highlighting amenities like covered porches, outdoor kitchens, detached guest houses, and docks can help buyers visualize the upscale lifestyle that awaits them in the gorgeous Jewel of the Blue Ridge Mountains.

3. Match the property’s setting

   A home in Smith Mountain Lake should feel like an extension of the area’s nearby waters, woods, and mountains. It should exude a warm and welcoming vibe through a style that reflects the beauty of its surroundings.

   If your home has large windows, style the interior around them in a way that frames the blue reservoir and the Blue Ridge Mountain peaks on the horizon. You can also use color palettes that blur the line between the indoors and outdoors, such as shades of blue, green, and earthy tones. If you want to turn your home into a rustic oasis by the lake and mountains, homey features like wooden dining tables and woven rugs are perfect for the job.

4. Bring natural elements in

   Incorporating nature when staging a luxury home adds warmth, promotes sustainability, and enhances the property’s aesthetic appeal. Decorating with potted plants and furniture made of natural materials, and letting as much sunlight into the home can help create a space that feels inviting, relaxing, and beautifully balanced.

5. Display art pieces

   Eye-catching paintings, sculptures, and other art pieces add energy and dynamism to a space. They can work to define your home’s character while bringing other elements of a room together.

   Online marketplaces or exclusive outlets are great sources of art pieces and decor for Smith Mountain Lake luxury homes for sale. You can also team up with local artists and promote their talent by displaying their works in your home during open houses.

6. Dress up the exterior

   Buyers care about a home’s façade and outdoor spaces as much as its interiors. Tidying up the yard, cleaning the driveway and walkways, and sprucing up the decking of your Smith Mountain Lake home can enhance its appeal, increase its value, and expand the property’s usable space.

7. Let home staging trends guide you

   Everyone has a distinct taste in interior design and home décor, but with home staging, you can style your property such that it appeals to the widest range of potential buyers. By following home staging trends, you can turn a drab and outdated property into an appealing home that meets buyers’ expectations.

LUXURY HOME STAGING TRENDS THIS 2023

Home staging trends come and go with the seasons. Economic factors and individual design preferences influence what buyers want to see in a property—and professional stagers, real estate experts, and home sellers need to stay on top of these trends to determine which elements can have maximum impact on their property.

Consider these luxury home staging trends of 2023 to help enhance the allure of your Smith Mountain Lake home.

• Neutral color palettes

  Beige, cream, off-white, gray, and other neutral hues help create an inviting, calming, and sophisticated environment. To elevate neutral-colored spaces, introduce varying textures or a fun pop of color through metallic accent pieces, plush textiles, or vivid artwork.

• One-of-a-kind design elements

  Statement pieces like custom furniture, eye-catching light fixtures, and unique art make excellent focal points. If you don’t have them, you can rent them for a fraction of the cost. These interior design elements can make your home stand out from other properties in the area and help buyers remember your property.

• Indoor-outdoor living

  Many Smith Mountain Lake luxury homes boast scenic vistas of the glistening lake against the backdrop of the majestic Blue Ridge Mountains. Make the most out of this unique feature by staging your outdoor living space and making it feel like an extension of the indoors. Lush greenery, the right furniture, and cohesive design elements can provide a seamless transition between the indoors and the outdoors.

• Spa-like bathrooms

  Many visit and settle in Smith Mountain Lake to unwind and escape from the busy city. Adding spa-like accessories like scented candles, deluxe toiletries, plush towels, soft rugs, and shower benches to your bathroom will highlight the area’s soothing getaway feel.

• Wellness and fitness facilities

  Many luxury home buyers look for features that can support a healthy lifestyle. If you have a home gym, yoga area, or outdoor meditation space – or spaces in your home that can be used for these purposes – make sure to highlight these in staging. Decorate the space with yoga mats, scented candles, fresh plants, and so on, and display gym equipment prominently.

• Home offices

  For many people, a home office is a must. Staging an area of the home as a dedicated workspace can boost the appeal of the property. Use ergonomic furniture and highlight ample storage space to impress buyers with the perfect work-from-home set up by the lake and mountains.

SHOULD YOU HIRE A PROFESSIONAL HOME STAGER?

Well-maintained luxury homes in Smith Mountain Lake that look something out of an interior design magazine may not need home staging. On the other hand, houses with highly customized designs or out-of-date facilities can benefit from the quick makeover that home staging provides. Professional stagers know how to revamp these spaces by addressing their flaws and highlighting their best features.

Home stagers can also act as consultants. You can ask these professionals to do a thorough inspection of your home and point out areas that need improvement. Stagers will then give tips on picking out the best color palette, furniture arrangement, and overall aesthetic for the space and even explain why staging a home is important.

HOW A REAL ESTATE EXPERT CAN HELP SELL YOUR LUXURY HOME

Selling a home in the luxury housing market of Smith Mountain Lake involves a complex process that requires the expertise of an experienced real estate professional. Here’s how your agent can help you sell your Smith Mountain Lake luxury home fast and at the right price.

• Reliable connections

  Real estate agents typically work with a network of professionals who play essential roles in the home buying and selling process. Your Realtor can recommend a trusted home stager, real estate lawyer, title company, and other professionals so you don’t have to spend time looking and vetting potential providers.

• A filtered list of buyers

  Your agent can carefully screen potential buyers and gauge their interest in Smith Mountain Lake luxury homes for sale. They know how to ask the right questions and weed out unqualified buyers or those who are simply looking around to avoid wasting your time. They can also identify buyers who are serious about buying a home and who may be a right fit for your property.

• Accurate pricing

  Factors like local housing market conditions and the neighborhood’s property values influence the prices of Smith Mountain Lake luxury homes. Real estate agents stay up to date with these factors so they can help you price your home accurately and devise a pricing strategy to drive interest to your home.

• Increased profit

  A real estate professional’s marketing expertise can help give your home better visibility in a competitive housing market like Smith Mountain Lake. And with their highly developed negotiation skills, an experienced Realtor will make sure you get the best price for your property while looking after your interests at all times.

• Paperwork assistance

  Selling a property involves a mountain of documents like property deeds, sales contracts, tax documentation, insurance records, and many others. Real estate agents are experts at dealing with these types of paperwork and will make sure all the needed documents are accomplished accurately and on time to avoid closing delays.

• Minimal stress

  From devising a plan to market your property to doing after-sales check-ins, a real estate professional will be right beside you throughout the entire home selling process. They will keep your best interests in mind while putting in the legwork required to sell your property, sparing you from the stress that often comes with the process.

SELL YOUR SMITH MOUNTAIN LAKE LUXURY HOME TODAY

Thinking of selling your Smith Mountain Lake luxury home? Allow me to help you close the best sale.

As a resident of Smith Mountain Lake since 1984, I have intimate knowledge of the local housing market and extensive experience in marketing luxury properties, which I use to give my clients a seamless real estate experience. I am a Certified Residential Specialist, Short Sales Foreclosure Resource, Luxury Collection Specialist, and Fine Homes Certified Specialist, and I guarantee utmost commitment to helping you achieve your real estate goals.

Reach out today by calling 540.493.1690 or sending a message here.

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Some people say that constantly updating your home to follow trends is a waste of time. They all fade in a few months or so anyway. But we beg to disagree. Whether you’re adding a few new pieces to a space or gearing towards a complete home redo, keeping updated with the latest design trends is a fabulous way to breathe new life into Smith Mountain Lake luxury homes. Who knows? The trends you like might be the ones with lasting power.

Continue reading to get some inspiration for each room in your home.

FOR YOUR MAIN LIVING SPACES

Your main living area is where everyone gathers to relax, chat, or spend the day. In some households, it serves as an adjoining room, connecting the entry to more central parts of the home. Whether or not people stay here or just pass by, the living area never remains empty for long, which is why it’s a great space to zhuzh up once in a while.

Liven it up with color

Grey, greige, and all the other neutrals have had a hold on us for far too long. If you’re selling your home, going back to this inoffensive color palette is a safe bet. But since the purpose of your redecorating is for your personal enjoyment, indulge and consider other colors. Here are some choice picks to consider:

• Rich earth tones: Like neutrals, earth tones include a wide spectrum of colors from chocolate browns to some shades of blue. According to Vogue, browns and pinks are lovely colors to play with this year. But for Smith Mountain Lake luxury homes, blue-green, deep blue, creamy whites, and even caramel tones still fall within the classic lake home aesthetic.
• Go green: If you want to bring more of the outside inside, consider painting the walls of your living room green. Olive green, sage green, and forest green are some of the shades that will help you incorporate two trends (this one and earth tones). Moreover, they’re softer, warmer, and are often considered neutral enough. But if green walls are too big of a leap, add this color as an accent. Start small with throw pillows or vases. But if you want something of a statement, how about a beautiful green sofa?

Add visual interest

Apart from color accents, textures and patterns can make your living room pop. Like most interior design trends, you can go all out or make small, impactful changes.

• Go classic with heritage fabrics: Buying a new armchair or couch doesn’t make sense if you have a perfectly good one. But to freshen it up, you can reupholster it in a heritage fabric you love. You might have some stashed away in your storage, but you can also visit textile houses for an even greater selection of patterns and designs. If reupholstering an existing furniture isn’t possible, you can also use heritage fabrics for window treatments.
• Colorful Italian vibes: For those who want to bring the Italian coast to southwest Virginia, check out chef Yotam Ottolenghi’s new vase collection. Inspired by Sicily, these are hand-painted “heads” in vivid primary colors. Place it on the center table to serve as a conversation starter, or on top of one of the consoles to add excitement to a space. Other alternatives include these Roman powder-coated vases from Pols Potten— they come in a set of four for under $200. This blue earthenware vase by Henry Holland Studio is another great addition to your living room.

FOR YOUR KITCHEN

The kitchen is often called the heart of the home. Apart from being the spot where food is stored and meals are prepared, it also functions as one of the house’s important communication centers. This is one of the places where stories are shared and family recipes are passed down for future enjoyment.

Modern kitchens are not only functional— they’re also stylish. Here are some style tips to consider if your kitchen is due for an update.

Color matters here, too

You may be acquainted with the concept that the colors red and yellow stimulate the appetite. But your choices shouldn’t be limited to these two hues. Regardless if you’re repainting your kitchen walls or looking to inject some colors, the following trends may spark inspiration:

• Greens are not just for vegetables: Green is proving to be a popular color for kitchens as well. It’s soothing, refreshing, and reminds everyone of nature. Go for shades with earthy tones, such as olive and sage greens, if you want a more grounded feel. But if you want a bit of pep, choose from a variety of fresh spring greens.
• Vintage appeal: Since kitchens are often used, it makes sense to keep the space classic. Rich browns, burgundy, warm whites, and navy shades can help you add color to the room while keeping things timeless. These colors also pair well with herringbone patterns and the general country aesthetic.

Unique pieces

There are many ways to add personal flair to your kitchen, from marble backsplashes to fluted or double islands. The following, however, are practical, stylish, and will likely stand the test of time:

• Custom storage: Your kitchen needs to work for you, not the other way around. Instead of sticking with the standard storage solutions, call in a contractor to design cabinets that fit your needs and preferences to a T. These may include dedicated cabinets for your spice and dried herbs collection, technical cabinets near appliances you use frequently, and oil drawers. With custom storage, your kitchen will be the most organized space in your home.
• Prep kitchens: We all hate to deal with a messy kitchen, especially during prep. Having a secondary prep kitchen that’s easily accessible from the main one is a wise long-term solution. You wouldn’t need to carve out a new space for this. If you have a pantry, you can transform this space into a dual-purpose room. You can also add custom storage here, as well as a wine cellar, a cocktail bar, or your personal coffee station.

FOR YOUR BATHROOMS

Spa bathrooms are often recommended for Smith Mountain Lake luxury homes, but what does exactly look like? What are the features you can add to truly achieve that spa-like feel? Here are some 2023 luxury bathroom trends to note.

Luxe showers

There’s nothing quite like a hot shower after a tiring day or a cold one to get you energized in the morning. The following upgrades to your shower will make you feel like you’re in an ultra-exclusive wellness center:

• Steam shower systems: For those who are looking for a smart home upgrade to their bathroom, here is a solid recommendation: the Mystix steam shower system by Brizo, which recreates a restorative spa experience in your home. Go for the basic steam settings or choose the “transcendent” option, which also includes aromatherapy, audiotherapy, and chromatherapy. For an alternative, Delta is releasing their new ShowerSense line this summer.
• New tiles: You can create a more indulgent atmosphere in the bathroom by choosing tiles that go well with the overall theme. For a classic look, larger size tiles or ones made of marble will stand the test of time (and trends). You can also lean toward your playful side and opt for color; sea-green or warm pink tiles add a lovely touch to any shower area and complement various types of hardware. For fans of the modern organic look, natural stone is unbeatable.

Statement makers

Bathrooms, just like kitchens, can be both functional and beautiful at the same time. The following trends are sure to impress you and your guests every time you pay this room a visit:

• Freestanding baths: Freestanding baths look so much more luxurious than their other counterparts. And when you place it in a spot with a view, the overall effect is amplified. But it turns out freestanding baths are more practical than they seem. Since they aren’t attached to anything, a freestanding bath makes a bathroom look bigger and more spacious. They’re also easier to install and can be placed almost anywhere in the bathroom, giving you more flexibility in designing the room.
• Walls full of character: For those who want an instant way to change the look of their bathrooms, it’s time to experiment beyond just painted walls. One option is to go for a chequerboard tiles to cover the lower half of a wall— a stylish yet practical way to protect your walls from spray. There are a myriad of color combinations to try, ranging from maximalist and quirky (pink and green) to vintage (black and white, avocado green and warm white). Another option is to invest in wallpaper— you can go for floral or heritage patterns, or transport whoever is using the bathroom by opting for wallpapers with painted scenery.

FOR YOUR PRIMARY BEDROOM

Your bedroom is your space. And while it’s mostly used for resting, you can extend its function as a sanctuary where you can enjoy your hobbies and interests. For now, however, let’s focus on making your bedroom your most favorite spot in your Smith Mountain Lake home.

Like a cocoon

• Canopy or four-poster: Canopy and four-poster beds are typically seen as extra-traditional because of its boxy shape and perceived heaviness. That said, their 21st-century versions are becoming more and more fashionable. These beds eschew the traditional look in favor of arched framing and experimentation with metals and other wood finishes. The end look is something that’s still especially private and grand, but updated. It’s also up to you whether you want to hang curtains on your canopy bed for that extra secluded feeling.
• Shutter-wrapped bed: How about a small room within your bedroom for another layer of privacy? Instead of a canopy bed, a shutter-wrapped bed adds a solid division from the room at large. You can add lighting inside for reading and scrolling through your social media feeds, as well as a small set of shelves for your books and other bedside must-haves. Since you are literally shuttered in, you also won’t have to worry about any light or noise pollution coming from outside your home.

Nicolas Sargent for Architectural Digest

Maximalist touches

Minimalism used to be the norm in interior design. Now, people are starting to indulge their maximalist side. In your bedroom, this can translate to bold color choices, rich tapestries on the walls instead of framed art, or layers and layers of pillows, blankets, and textiles. You can start with the following:

• Supersized headboards: An easy yet dramatic way to update your bedroom’s look is to swap your current headboard with an extra large one. There is a wide variety of styles to choose from, fitting almost every kind of bedroom theme. That said, don’t automatically go for the largest headboard you can find. To make this work (and worth your investment), consider the size of your bedroom first and determine the headboard size it can take. If you want to make your new headboard more personalized, find an upholsterer who can help you create the headboard of your dreams.
• Mix old and new: When it comes to redecorating your bedroom in a maximalist fashion, there’s no need to replace your older pieces with completely new ones. Instead, take stock of what you already have, then find new decorative pieces that complement your collection (and your preferences). These items don’t have to match— they just need to go well together. When done right, mixing old and new pieces will make your bedroom feel cozy and lived in.

FOR YOUR OUTDOOR LIVING SPACES

Smith Mountain Lake luxury homes aren’t complete without beautiful and functional outdoor living spaces. After all, how else can you enjoy the region’s moderate climate and surrounding nature?

Keep calm with water features

Water features, no matter the size, are no small additions to your entire outdoor living space. It will always involve some degree of digging and work. That said, the following luxury home trends have significant pay off:

• Fountains, bird baths, and more: Further enhance your garden or outdoor living space’s sensory element by strategically adding fountains or cascades in the area. The sound of gently rushing water in the background can create a soothing atmosphere to any outdoor space. But if a garden fountain is too major of an addition, consider installing a bird bath or two. Like a garden fountain or cascade, a bird bath serves as a good focal point, especially if you have a courtyard-style garden. Furthermore, you’ll be providing a resting stop for birds, which adds more life to your property.
• New pools: If your property has yet to have an outdoor swimming pool, consider this as a sign to finally have one installed. But instead of the standard pool, opt for either a saltwater pool or a cold plunge pool, both of which have their own set benefits. For instance, a saltwater pool requires less chlorine and other additives for maintenance. Therefore, they don’t smell chlorinated and feel much better on the skin. Saltwater pools also don’t damage towels and swimsuits as much as chlorinated swimming pools. On the other hand, a cold plunge pool offers serious health perks. If you use it regularly, you stand to improve your circulation and even give your mental health a boost. Some studies have also shown that cold plunge pools help with reducing inflammation and pain from chronic illnesses.

Space to thrive

If you are designing your outdoor area to become the ultimate gathering spot, here are some luxury home trends that might pique your interest:

• All-out outdoor kitchens: Outdoor kitchens aren’t a new thing, but these days, they’re more than just a grill, oven, and sink for cooking and prepping. Outdoor kitchens in luxury homes are now gourmet set-ups that can almost rival any chef’s indoor kitchen. If you want to go all out, add a griddle, pizza ovens, and outdoor air fryers to the space. Having a refrigerator (that’s well-protected from the elements) also increases an outdoor kitchen’s function and convenience.
• Cozy spots: Outdoor gatherings are typically concentrated in patios, decks, and some choice spots in the garden. But if you want to, you can add more cozy nooks to your property. These are great for some alone time or intimate conversations between a smaller group of people. You can create and design a sitooterie, which is a Scottish-style spot for outdoor breaks. Conversation coves, furnished arbors, and gazebos are also great additions to Smith Mountain Lake luxury homes.

DESIGN YOUR HOME FOR YOU

These luxury home trends are just guides to give you inspiration. Remember that the best way to enjoy your Smith Mountain Lake property is to design a home that works for you. Browse our blog for more related articles or get in touch for any Smith Mountain Lake luxury real estate concerns.

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Smith Mountain Lake is a reservoir and the second-largest freshwater lake in Virginia that covers over 20,000 acres. A popular destination located in the foothills of the Blue Ridge Mountains, this lake offers more than 500 miles of picturesque shoreline and various opportunities for recreational activities set against a backdrop of iconic peaks.

Before looking at waterfront homes for sale at Smith Mountain Lake, Virginia, get to know this locale’s real estate market climate to see how best to go about with your real estate investment plans. You’ll be glad to know that the local real estate market is a thriving and diverse one, with properties ranging from cozy lakefront cottages to high-end waterfront estates. Known for its scenic views, serene atmosphere, and natural beauty, you can never go wrong with investing in Smith Mountain Lake homes and properties. People are drawn to the community for the lovely lake and the mountains surrounding it, making Smith Mountain Lake an ideal location for anyone looking for a luxurious, laid-back permanent residence or a relaxing getaway.

As of March 2023, Realtor.com reports that Smith Mountain Lake has transformed into a buyer’s market, indicating a steady increase in the supply of houses for sale to meet the demand. Homes here have been sold at a median price of $590,000 with a sale-to-list price ratio of 99.33%. Given this ratio, sellers got the opportunity to recoup their investment as they were able to sell their home at almost the same asking price they gave. Waterfront properties in Smith Mountain Lake require the biggest investment due to their premium location, scenic views, and amazing amenities as they could fetch price tags as high as almost $8 million.

Smith Mountain Lake’s undeniable progress is largely due to a robust local economy, excellent schools, and a wide range of local amenities and services. This reservoir has a friendly neighborhood feel and a thriving tourism industry. Below are more reasons why Smith Mountain Lake homes for sale are worth your investment as either a vacation home or a primary home.

BENEFITS OF OWNING A SMITH MOUNTAIN LAKE WATERFRONT HOME

Whether you are a vacation homeowner, a rental owner, or a full-time resident, investing in waterfront homes for sale at Smith Mountain Lake is one of the best decisions you will ever make. Known as the Jewel of the Blue Ridge Mountains and Lake Tahoe of the East, Smith Mountain Lake was named one of the best destinations to invest in a second home. People choose to visit or permanently live here to enjoy numerous year-round recreational activities, including water sports, boating, swimming, golfing, hiking, and fishing for bass. Smith Mountain Lake is a haven for people seeking outdoor adventures on or along the lake’s clear waters.

For vacation homeowners

If you want to get away from the hustle and bustle of the city, escaping to one of the most coveted locations in the country is a great idea – even better when you have a vacation home of your own here. This means not having to worry about finding a hotel or renting accommodation when you need to visit. You can go whenever you want to, extend your stay any time, and perhaps ultimately decide to move in here permanently.

A waterfront vacation home in Smith Mountain Lake can also be a nice gathering place for family members to come together for holidays and special occasions – a great location where your children and grandchildren can create memories.

Your vacation home in Smith Mountain Lake can also be your future retirement home. After years of living in urban spaces, you can finally move to a more serene location by the water and in the mountains while still enjoying the culture of nearby cities.

For rental homeowners

Many vacationers would prefer to rent a private waterfront home instead of staying in a hotel. With that in mind, consider monthly rent prices in Smith Mountain Lake should you decide to invest in a rental in Smith Mountain Lake, Prices can range from $675 to a whopping $6,000 per month – an undeniable indication of the profitability of your potential SML investment. The estimated yearly rental revenue is around $33,692, making Smith Mountain Lake one of the top-performing rental markets in the United States. Rental properties also offer tax benefits, such as deductions for mortgage interest, property taxes, insurance, repairs, and maintenance expenses.

You can actually turn your Smith Mountain Lake property into a hybrid where you can rent it out during peak travel seasons and then use it with the family when the travel season ends. That way, it can still become a good source of secondary income and a lucrative investment. You can also choose to manage the property yourself or hire a property manager to handle day-to-day operations, including cleaning and maintenance.

As a popular tourist destination blessed with very gentle seasons and spectacular vistas of the Blue Ridge Mountains, Smith Mountain Lake will give your waterfront home’s tenants front-seat mountain and lake views, as well as access to hiking and biking trails. It is also close to various attractions like golf courses, wineries, breweries, food stops, and other fantastic local amenities and attractions. On the lake itself, your tenants can enjoy swimming, fishing, and boating as there are several marinas and boat rentals available.

For full-time residents

Homeownership is a great financial investment, and buying a Smith Mountain Lake property for sale will take your investment further. Smith Mountain Lake is a thriving, growing location with many opportunities for you to enjoy waterfront living. You get the full waterfront lifestyle package from the health benefits to the various outdoor recreational opportunities without living too far from modern conveniences.

Know also that if you properly maintain your waterfront home and give it smart upgrades, you can bat for a higher resale value due to this type of home’s desirability and location.

Smith Mountain Lake has a tight-knit community, providing opportunities to build meaningful relationships and connect with other residents. It also offers a range of excellent schools, making it an ideal location for families and children. These schools provide quality education and extracurricular activities to support the overall development of children.

ATTRACTIONS AND ACTIVITIES IN SMITH MOUNTAIN LAKE

In addition to the lake, which is an attraction itself, Smith Mountain Lake is home to several state parks, hiking trails, and year-round activities.

Lake activities

As the second-largest freshwater lake in Virginia, Smith Mountain Lake features breathtaking, clear water that offers many lake activities, great mountain views, and sandy beaches.

• BOATING – Boats of all types and sizes are allowed on the lake, including powerboats, pontoons, and sailboats. Smith Mountain Lake also has several boat ramps and marinas where boaters can launch their boats or rent one for the day.
• FISHING – The lake is one of Virginia’s premier fisheries popular for striped bass. Here, you can also find large and smallmouth bass, white and channel catfish, crappie, bluegill, and redear sunfish. The lake also hosts several fishing tournaments throughout the year.
• SWIMMING – The lake’s clear waters make it an ideal location for swimming, especially during the summer. The public beaches in Smith Mountain Lake are equipped with picnic tables, grills, and restrooms for visitors’ convenience.
• KAYAKING AND CANOEING – Smith Mountain Lake has several designated paddling trails that offer a unique perspective of the lake’s natural beauty.
• PADDLEBOARDING – Stand-up paddleboarding is becoming increasingly popular at Smith Mountain Lake. Many rental facilities offer stand-up paddleboarding boards for rent.
• JET SKIING – Looking for an adrenaline rush? Jet skiing is a popular lake activity, with several rental facilities in Smith Mountain Lake offering jet ski rentals.
• WAKEBOARDING AND WATERSKIING – You can enjoy the lake’s calm waters by going wakeboarding or waterskiing. Many boat rental companies in Smith Mountain Lake offer lessons and equipment rentals.

Golf courses

Golf enthusiasts will be delighted to hear that Smith Mountain Lake has five golf courses in and near the reservoir where you can take in the spectacular mountain and lake views while enjoying a good golf game.

• COPPER COVE GOLF CLUB – Located in Hardy, VA, this is one of Smith Mountain Lake’s premier public golf courses that features a challenging 18-hole course that offers scenic views of the surrounding Blue Ridge Mountains.
• THE WATERFRONT COUNTRY CLUB – This full-service private club in Moneta nestled beside Smith Mountain Lake is a championship 18-hole golf course that offers club memberships to The Waterfront residents and Smith Mountain Lake residents.
• MARINERS LANDING GOLF & COUNTRY CLUB – Designed by Robert Trent Jones, Mariners Landing has a prestigious layout that sits on the edge of Smith Mountain Lake. It is an 18-hole championship golf course that offers challenging holes, a lakeside resort, and an inviting community.
• WINTON COUNTRY CLUB – This challenging 18-hole golf course features rolling hills, mature trees, and scenic views of the surrounding countryside. Winton Country Club is best known for its open fairways.
• IVY HILL GOLF CLUB – This 18-hole semi-private golf club is open to the public and offers challenging holes with five sets of tees and a rolling terrain course.

Wineries

Smith Mountain Lake is located in the heart of Virginia’s wine country, with several wineries within a short drive from the lake.

• HICKORY HILL VINEYARDS – This oldest winery at Smith Mountain Lake and the 75th winery in Virginia offers a range of award-winning wines, including chardonnay, cabernet franc, and merlot. Enjoy tastings, tours, and scenic views of the surrounding countryside.
• RAMULOSE RIDGE VINEYARDS – Primarily known for its red wines, Ramulose Ridge Vineyards offers a selection of handcrafted wines, including chardonnay, cabernet sauvignon, and Petit Verdot. The winery also features a tasting room and outdoor patio.
• WHITE ROCK VINEYARDS AND WINERY – This family-owned and operated vineyard and farm winery produces a selection of wines, including chardonnay, cabernet franc, and Viognier. The winery also offers tastings, tours, and a picnic area overlooking the vineyard.
• BROOKS MILL WINERY – This family-owned and operated winery located near Smith Mountain Lake in Franklin County offers award-winning handcrafted fruit wines, as well as tastings, tours, and live music on weekends.
• PEAKS OF OTTER WINERY – Passed down through six generations, Peaks of Otter Winery offers a unique selection of fruit wines, including apple, peach, and blueberry. The winery also features a tasting room and picnic area.

Craft breweries

Craft breweries have become increasingly popular, and Smith Mountain Lake is not one to miss out on the trend. Here are some of the popular craft breweries in the area.

• SUNKEN CITY BREWING COMPANY – Located near the shores of Smith Mountain Lake, this brewery offers a range of handcrafted beers, including IPAs, stouts, and pilsners. It also has a taproom and outdoor patio.
• BEALE’S BREWERY – This brewery offers a variety of craft beers, including IPAs, porters, and lagers. It also has a taproom and outdoor seating area with live music on weekends.
• CHAOS MOUNTAIN BREWING – This is where you’ll find a selection of high-quality handcrafted beers, from easy-drinking session beers to big, intense Belgian-style ales. The brewery also rotates seasonals and limited-release barrel-aged brews.
• HAMMER & FORGE BREWING COMPANY – This modern craft brewery features a taproom with a sleek industrial design and a selection of up to 10 small-batch brews and seasonal selections on tap, including house-made IPAs, a Russian imperial stout, American amber, and Irish red ale.
• TWIN CREEKS BREWING COMPANY – What started from three owners making beer in a garage to today’s beloved local brewery, Twin Creeks Brewing Company makes and serves quality ales and lagers.

Nature parks

Smith Mountain Lake is surrounded by fantastic natural landscapes and offers several parks and trails around and near the lake for you to explore.

• SMITH MOUNTAIN LAKE STATE PARK – Smith Mountain Lake is bordered by Smith Mountain Lake State Park to the north, covering 1,500 acres of shoreline, a 500-foot-long sandy beach, picnic areas, well-equipped cabins, campsites, miles of hiking trails, and an amphitheater for special events.
• BOOKER T. WASHINGTON NATIONAL MONUMENT – This 207-acre national park in Hardy, VA, features a historic farm, hiking trails, and interpretive programs highlighting the life of Booker T. Washington.
• FRANKLIN COUNTY PARKS & RECREATION – Visit this 136-acre park which features hiking trails, picnic areas, a fishing pond, and sports fields for basketball, tennis, and volleyball.
• BLUE RIDGE PARKWAY – Noted for its scenic beauty, this is the country’s longest linear park running 469 miles through 29 Virginia and North Carolina counties. It offers stunning views of the Blue Ridge Mountains and several hiking trails, picnic areas, and campgrounds.
• ROANOKE MOUNTAIN ADVENTURES – This outdoor recreation center in Roanoke, VA, offers guided hikes, bike rentals, and kayaking tours of the surrounding natural areas.

BEST TOWNS TO BUY WATERFRONT HOMES FOR SALE AT SMITH MOUNTAIN LAKE

Smith Mountain Lake has several vibrant and welcoming communities with like-minded individuals and families who enjoy a range of activities and events throughout the year.

Here are some of the highly sought-after neighborhoods where you can buy waterfront homes for sale at Smith Mountain Lake.

• THE WATER’S EDGE COUNTRY CLUB – Enjoy the lakefront country club lifestyle in The Waters Edge, located on a peninsula jutting into Smith Mountain Lake. You can find homes of different sizes, architectural styles, and prices, from New England cottage-style houses to golf villas and waterfront luxury townhomes.
• THE WATERFRONT – This luxurious private community features a rolling countryside and remarkable hardwoods, featuring custom-built homes, townhomes, and condominiums. The Waterfront is home to the first country club community at Smith Mountain Lake.
• THE FARM – Ten minutes away from Westlake Corner and across The Boardwalk, this neighborhood features waterfront homes in Hammock Pointe, the first neighborhood in The Farm.
• THE BOARDWALK – This elegant New England-style community features mid-level and luxury waterfront homes with resort-style amenities. One of the newest communities at Smith Mountain Lake, The Boardwalk has charming Nantucket-style cottages, each with a lake view porch and boat slip.
• SOUTH HARBOUR – Several properties here sit on prime waterfront land. This community is home to perfectly manicured landscapes, tree-filled yards, and picturesque walking trails.
• WAVERLY – This luxury waterfront neighborhood offers privacy and stunning lake views. Waverly offers custom-built single-family homes and development lots if you want to customize your waterfront home to your liking.
• PARK PLACE – Look at this neighborhood if you want luxury amenities in a prestigious waterfront community in Smith Mountain Lake. It offers home sites on 138 acres of the lake’s premier real estate.
• CONTENTMENT ISLAND – Live contentedly in any of the luxury waterfront homes found here. Enjoy carefree living with spectacular views inside cottages that feature high ceilings, hardwood floors, and open floor plans.
• MONETA – Located on the northern end of Smith Mountain Lake, Moneta offers a range of waterfront homes, including luxury estates and cozy cottages. The town has several marinas, restaurants, and shops, plus easy access to the lake’s main channel for boating and fishing.
• HUDDLESTON – Huddleston on the southern end of Smith Mountain Lake has a mix of Smith Mountain Lake houses for sale, from secluded retreats to upscale communities. The town has several marinas, restaurants, and golf courses. You can also access Smith Mountain Lake State Park through Huddleston.
• HARDY – Located on the western shore of Smith Mountain Lake, Hardy has a range of waterfront homes, including charming cottages and modern estates. The town has a variety of restaurants and shops and offers access to the Blue Ridge Parkway and other nearby attractions.
• UNION HALL – On the easter shore of Smith Mountain Lake is Union Hall. It offers a mix of Smith Mountain Lake properties for sale, from secluded houses to waterfront communities.
• NORTH SHORE AND PENHOOK – If you’re willing to go on a food trip or simply have a fun day or night out, you can do those and more at North Shore and Penhook – towns popular for their dining and entertainment options. These towns have, in fact, seen an over 30% increase in home sale values year-over-year.

FIND THE PERFECT WATERFRONT HOMES FOR SALE AT SMITH MOUNTAIN LAKE WITH JANE HORNE

Buying Smith Mountain Lake homes for sale is not only a great investment but also a good way to increase your overall investment portfolio and build long-term wealth. Don’t know where to start? Let me, Jane Horne, help you find the best Smith Mountain Lake waterfront property that will suit your lifestyle and taste. I am a resident of The Water’s Edge Country Club and a Realtor since 1986. Let my experience and knowledge of the Smith Mountain Lake communities and real estate market help you in your home-buying journey! Leave a message here or call me at 540.493.1690 to get started.

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Located at the heart of the Blue Ridge Mountains, Smith Mountain Lake is a hidden gem known for its breathtaking natural beauty and tranquil residential enclaves. These communities offer an unparalleled lakefront lifestyle, and many visitors have become residents and luxury homeowners in order to make Smith Mountain Lake their everyday reality.

Whether you’re searching for a family-friendly neighborhood to put down roots in or investing in a beautiful vacation property you can retire to in the future, it’s essential to work with a specialist who understands the intricacies of this exclusive market.

A luxury home specialist brings a wealth of knowledge that sets them apart from other Smith Mountain Lake Realtors. Not only do they have a deep understanding of the luxury real estate market, but they also know how to navigate the challenges that come with high-value transactions. From finding the perfect property to negotiating the best deal, here’s how a luxury home Realtor can help you achieve your goals with ease and confidence.

WHAT IS A LUXURY HOME SPECIALIST?

Firstly, it’s important to define what “luxury” is

While there is no universal definition of a “luxury property,” they are distinguishable from other listings on the market by their exceptional quality, unique features, and high price point. In the Smith Mountain Lake area, luxury homes usually have a prime location, with stunning views, expansive square footage, top-quality finishes, and a variety of amenities that cater to a peaceful, comfortable lifestyle.

This kind of lifestyle can mean different things to different homeowners. To some, it may mean having utmost privacy and exquisite surroundings, which is why you’ll find luxury properties in the most exclusive gated communities with unparalleled vistas and landscapes. Others may find it in the security and convenience offered by the latest smart home features and technology.

No matter what a luxurious lifestyle might mean for you, these properties can be one of the most lucrative investments you can have in your portfolio because of its high value, low liquidation, and strong resistance to the fluctuations in the broader real estate market.

What can a luxury Realtor do for you?

A luxury Realtor is a licensed real estate professional who has the expertise and experience in handling high-value real estate transactions. Unlike other kinds of Realtors, they have a unique skill set that allows them to navigate the complexities of the high-end housing market, particularly when it comes to negotiating and closing deals. In most cases, they also have exclusive access to off-market listings that are not available to other Realtors.

When it comes to finding good Smith Mountain Lake Realtors, it’s best to look for a Realtor with certifications that meet your needs. For example, a Realtor who has the Luxury Collection Specialist (LCS) designation is perfect for those looking to sell their luxury property. Awarded by Berkshire Hathaway HomeServices (BHHS) to Realtors who have demonstrated a high level of expertise in the marketing and sale of high-end homes, you can be rest assured that they have the tools and knowledge needed to get the best deal for your home.

You should also take note of your prospective Realtor’s portfolio and track record, which is a good indicator of their success rate when it comes to buying or selling luxury property. A Realtor who is BHHS Fine Homes Certified, for example, is a luxury real estate expert who has listed and sold homes for over a million dollars.

WHY WORK WITH A SMITH MOUNTAIN LAKE LUXURY HOME SPECIALIST

Navigating the luxury real estate market can be a challenging experience for those who are not familiar with its unique characteristics. Here’s how working with a Smith Mountain Lake luxury Realtor can be of great benefit:

• Luxury Realtors have an in-depth understanding of the local property market

  Luxury Realtors have a certain body of knowledge that can only be learned by years of working in the area and the industry. Not only do they understand the unique needs of high-profile clientele, luxury Realtors have know-how to make sure those needs are met.

  Their intimate knowledge of luxury properties on and off the market can help you find homes that truly match what you are looking for. A luxury Realtor is typically aware of upcoming developments or off-market estates that are not widely advertised. They are also familiar with the characteristics and features of upscale neighborhoods or communities, such as the privacy and exclusivity of The Water’s Edge or the panoramic lake views of Bridgewater Bay.

• Luxury Realtors have access to a wide network

  Successful Smith Mountain Lake Realtors have established strong connections with other trusted Realtors and professionals in the area, which can make processes like renovations, staging or appraisals, and inspections much easier.

  A luxury Realtor usually has connections with home builders, architects, interior designers, and financial advisors who specialize in luxury properties. They may also have a list of reliable service providers, such as home inspectors or appraisers, who can assist with the purchase or sale. Additionally, a luxury Realtor’s professional relationships with other Realtors and industry experts can provide valuable market insights and data that can inform your buying or selling decisions.

• Luxury Realtors have extensive knowledge and specialized skills

  Luxury Realtors are experts in negotiating and closing high-value transactions. Unlike traditional residential real estate, luxury properties require a different level of attention and skill due to their complexity and the specialized knowledge required of agents.

  For example, one of the most common issues in selling luxury real estate is pricing. Since these properties tend to have highly distinguished features and characteristics, it can be difficult to calculate its list price based on other homes in the area.

  For the same reason, it can also be difficult to find qualified inspectors and appraisers to assess the property if you are new to the area. Marketing high-value properties require specific strategies and techniques as well, especially if you want your property to find the right buyers. All these issues can be handled successfully and seamlessly by your luxury Realtor.

• Luxury Realtors offer bespoke services

  What makes a luxury property “luxurious” is the way it is custom-fit to your requirements and preferences. Thus, luxury Realtors offer the same amount of personalization when it comes to the services they offer.

  To provide an exceptional level of support and guidance to their clients, a luxury Realtor provides a unique and tailored approach to accomplish their client’s goals. Services can extend beyond customized property searches or strategic pricing recommendations, including professional staging and design, hosting exclusive events to showcase the property, and assisting with the coordination of moving services.

TOP QUALITIES TO LOOK FOR IN SMITH MOUNTAIN LAKE LUXURY REALTORS

It’s important to take the time to find a Realtor who understands your needs, communicates effectively, and makes you feel comfortable throughout the process. Whether it’s a luxury property or not, going through the buying or selling process can be an emotional experience. It’s essential to have someone who not only has the skills and expertise to help you navigate the market, but who can also empathize with you and make the process as smooth as possible.

Here are 4 key qualities that you need to look for when searching for the right luxury Realtor:

1. Consistent and reliable communication style

   Strong communication and interpersonal skills are key characteristics of top Realtors, and for good reason. Luxury real estate transactions can be complex and high-stakes, so it’s important to work with a professional who can effectively communicate with all parties involved. Your luxury Realtor should be able to listen to your needs, explain the process, and keep you informed every step of the way.

2. An eye for detail

   Luxury homes – and the process of buying or selling them – require specialized knowledge and attention to detail. Your Realtor should be committed to providing a high level of service and expertise, who is clear and precise in their messaging as well as attentive to your needs and preferences. If they are proactive in asking and clarifying your goals and objectives from the beginning, it’s a good sign that they are sincere about ensuring that every aspect of the transaction is accurate, complete, and successful.

3. Experience and expertise

   There’s no question that experience and expertise is important for any licensed professional, but why is it particularly crucial for a luxury Realtor? Aside from using their knowledge to ensure that you get the best deal possible, they can help you avoid and mitigate the risks that can come from such a high-value transaction.

   For example, their familiarity with common property issues in Smith Mountain Lake – which can range from waterfront erosion to aging infrastructure – can help you identify any costly issues that you might not initially notice in a potential home. They can also advise you on any legal or regulatory requirements you need to be aware of, such as zoning laws or property taxes.

4. A high level of professionalism and integrity

   All active, licensed Realtors are bound by the rules and regulations of the REALTOR® Code of Ethics, which ensures that a client’s transaction is handled with the highest ethical standard, reducing the risk of any issues or complications that could arise.

   Given the nature of the properties they handle, your luxury Realtor must possess utmost professionalism and integrity. They should be organized, punctual, and well-prepared, providing unbiased advice and always putting your interests first. Working with them should give you peace of mind throughout the entire buying or selling process.

   One of the best ways to gauge a luxury Realtor’s overall level of professionalism and integrity is to research their background and history. Look for certifications or designations, which indicates that they have undergone specialized training and education for properties like yours. Check their social media platforms, website, and online reviews and testimonials to get a grasp of what their track record is like beyond the numbers.

ABOUT THE SMITH MOUNTAIN LAKE LUXURY REAL ESTATE MARKET

Because of Smith Mountain Lake’s stunning natural landscapes, endless recreational activities, and gorgeous climate, the area’s luxury real estate market is robust and dynamic, characterized by a strong and consistent demand for homes.

Between April 2020 to February 2023, median home sold prices in Smith Mountain Lake have gone up from $308,500 to $409,925, resulting in a total accumulated appreciation rate of 33% in less than three years. As of March 2023, single-family homes can sell for as high as $4.5 million and for good reason.

At Smith Mountain Lake, you’ll find a diverse selection of properties

Luxury homes in Smith Mountain Lake come in a variety of property types, including lakefront homes, golf course homes, and equestrian properties. Whether you want to wake up to stunning views of manicured greens, have your own private boat dock and water frontage, or be near some of the best equestrian centers and horseback riding trails in the community, there’s a great selection of homes to choose from.

At Smith Mountain Lake, expect top-notch features and amenities

Luxury homes in Smith Mountain Lake are known for their premium features and amenities. Homebuyers can expect chef-grade kitchens with the latest appliances, sun-filled living rooms, tranquil outdoor spaces, and opulent primary bedrooms. Some properties can also feature private boat docks, home theaters and offices, game rooms, and in-ground pools.

Depending on the location or neighborhood, being a homeowner in Smith Mountain Lake gives you access to exclusive community amenities. The Water’s Edge, for example, is a premier golf and country club community that offers its residents access to a private, 18-hole PGA Championship golf course, 36,000 square country clubhouse, and top equestrian center. The Boardwalk at Smith Mountain Lake is another unique community. Covering over 100 acres along the lake’s shoreline, it features Nantucket-style cottages, a 2,000-foot boardwalk, and a host of resort-style amenities.

At Smith Mountain Lake, buyers and sellers stay abreast of market trends

According to the Virginia REALTORS® Home Sales Report for February 2023, home sales continue to decline, allowing inventory to build up and homes for sale to stay on the market for longer. However, home prices also continue to climb, thus presenting both opportunities and challenges for active buyers and sellers.

Here are some of the most important points from the report that you should take note of:

• Declining home sales. February 2023 yielded 6,505 total home sales, which was 20% less than the number of sales a year ago. Homes within the $200,001 to $400,000 range accounted for 43% of all sales in February, while homes in the $400,001 to $600,000 range accounted for 24%. Homes that sold at $600,001 to $800,000 accounted for 11%, and those in the above $800,000 made up 9%.
• Consistent price growth. Despite slow sales, the statewide median sales price – $370,000 – increased by 6% compared to the same time in 2022, which indicates tight inventory conditions in some markets. For example, certain areas in Central Virginia, New River Valley, and Southside Region have seen double-digit median price growth.
• High demand for luxury properties. While sellers have been receiving less than their asking price on average, homes in the luxury segment of the market – properties that sold within the $600,001 to $800,000 range and over $800,000 –  had the highest sold-to-list price ratio at 100.3% and 100.4%, respectively.
• A more buyer-friendly market. In February 2023, the average days on market for homes for sale in Virginia was 38 days, which is 8 days longer compared to the previous year. This is great news for buyers, since it offers them more time to choose a home, get inspections, or accomplish other contingencies that were difficult to do during the feverish housing market of the past few years.
• Inventory is slowly recuperating. 8,334 new listings were recorded in February 2023 which was 22% less than the number of new listings during the same month in 2022. Moreover, compared to January 2023, new listings only showed a 2% increase, which is indicative of seller hesitation given the steady decline in sales. In terms of active listings, however, the Virginia real estate market had close to 20% more listings year-over-year. With homes staying on the market longer, the inventory of active listings began increasing substantially since the fall of 2022. Despite this improvement, inventory is still at historically low levels.

While the luxury real estate market tends to be relatively unaffected by major trends in the broader market, it’s wise to stay abreast of current trends when planning future investments. Buyers looking to invest in Smith Mountain Lake luxury properties should still prepare to act quickly and decisively despite the ease in competition, since great homes don’t stay long on the market. Sellers, on the other hand, should be more mindful of how they price their homes so that they can sell quickly and for top dollar.

More importantly, it’s important to work with Smith Mountain luxury Realtors who can provide you with valuable insights and guidance in the home buying or selling process, helping you make informed decisions in this market.

DISCOVER LUXURY LIVING AT SMITH MOUNTAIN LAKE TODAY

Ready to make your dream of owning a luxury residential property at Smith Mountain Lake a reality?  My name is Jane Sullivan Horne, and I am a Smith Mountain Lake Realtor with over 35 years in the area.

As a Certified Residential Specialist, Short Sales Foreclosure Resource, Luxury Collection Specialist, and Fine Homes Certified Specialist, I have the knowledge and expertise to guide you through the entire process, from finding the perfect neighborhood to closing the deal.

Let my skills, knowledge, and resources work for you. Get in touch with me today for your luxury home requirements in Smith Mountain Lake! Call 540.493.1690 or send me an email here!

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Battling stress isn’t the only reason why you should move lakeside. Let’s count all the reasons why you and your family should settle down in the gorgeous Smith Mountain Lake!

SMITH MOUNTAIN LAKE: AN OVERVIEW FOR FAMILIES

Welcome to Smith Mountain Lake – Virginia’s second-largest body of freshwater, the Jewel of the Blue Ridge Mountains, and the site of your future home. The lake was created in 1966 when Appalachian Power started the Smith Mountain Pumped Storage Project to build a dam on the Roanoke River, generating hydroelectricity in the area.

Before taking a deep dive into the housing market, there are three things you need to know about Smith Mountain Lake:

1. The Lake and the surrounding mountains are beautiful. Ask the 22,000 residents of the area!
2. There are plenty of recreational opportunities at the Lake. The whole family can enjoy water activities from boating, sailing, swimming, floating, fishing, and jet skiing. And other than hanging out at the lake, you can hike, golf, dine, drink, party, work out, and go camping and sightseeing as well.
3. Smith Mountain Lake has all the facilities and amenities of modern city living. You can find dozens of restaurants, shopping centers, grocery stores, public libraries, public and private schools, medical facilities, fitness centers, vacation accommodations, festivals, and cultural activities!

SMITH MOUNTAIN LAKE REAL ESTATE

The real estate market at Smith Mountain Lake is diverse, robust, and thriving. The median listing home price in the area was around $500,000 in April 2023, while the average price per square foot was $265. Meanwhile, the average sold home price was  $590,000. Real estate in the area represented by Jane Sullvan Horne, Smith Mountain Lake’s esteemed and multi-awarded Realtor, were priced at $15,000 for a 0.75-acre lot in a gated community with water access to $3.99 million for a 5-bed, 5.5-bath waterfront home with mountain views, along with an array of price points in between. View featured properties here.

Homes for sale in Smith Mountain Lake, VA, count as investment properties as well. Aside from lake homes and land, investors are spoiled for choice. There are cottages, bungalows, townhomes, condos, and sprawling estates – the possibilities are endless! Single-family and townhouses typically follow a Colonial style, but properties with a more modern look are also available

Average single-family homes and townhouses for sale cost anywhere from $300,000 to $700,000 and typically have 2-3 bedrooms, up to 3 baths, 2-car garages, and a lot size of at least half an acre.

If you have a budget of $700,000 and up, you can get a lakefront home with more than 3,000 square feet of living space, a dock with boat slips and powered lifts, an acre of land, and a couple hundred feet of waterfront.

For those looking to purchase an investment property, home prices have been on an upward trend, increasing by as much as 19% in the last 12 months. Most homes sell for approximately the asking price on average, with the sale-to-list price ratio at 99.3%.

If you plan on purchasing a home in the area, prompt action is key because the homes for sale in Smith Mountain Lake, VA stay on the market for approximately 58 days. As of April 2023, the real estate market in the area favors buyers so make sure to check out all the available properties for sale to make sure you get the best deals.

WHICH SMITH MOUNTAIN LAKE COMMUNITY IS RIGHT FOR YOU?

With dozens of communities at Smith Mountain Lake, it can get overwhelming to choose the right one for you and your family. Here’s a quick rundown of the features, pros, and cons of different community and development types in Smith Mountain Lake.

Beachfront and resort-style communities

Resort-style communities come in many shapes and sizes and in different styles, but what’s common among all of them is their beautiful homes and sceneries, and their commitment to providing amenities for their residents’ rest and relaxation.

Pros

• Master-planned resort-style communities have a wide variety of properties for sale at different price points
• Enjoy plenty of amenities and benefits as a resident
• You’re part of a large community with many social activities and festivities
• Plenty of shopping activities, as well as entertainment and recreational opportunities
• Provide direct access to the water

Cons

• The cost of living is higher
• Depending on the location of the community, weather can affect certain activities and the availability of amenities
• Many resort-style communities have several restrictions from landscaping to exterior paint colors

Waterfront country club communities

Waterfront country club communities are typically gated residential areas with easy access to golfing amenities. This type of community also has state-of-the-art facilities, fine dining, pools, fitness, and recreational facilities.

Pros

• Live in an affluent neighborhood with top-rated businesses and schools, high-value properties away from the hustle and bustle of downtown
• Country club communities are generally more secure and ideal to raise a family
• You’ll be surrounded by neighbors who share your interests, allowing you to build your network
• Enjoy a better quality of life and live an active lifestyle
• An opportunity to have direct access to the water

Cons

• Luxury amenities come with steep fees
• Stricter rules and regulations for residents to remain in good standing

Cottage home developments

Cottage home developments provide good housing options for second-home buyers, young families, and older residents. These developments feature homes in a variety of styles and sizes and are typically built at convenient locations near the lake.

Pros

• One of the most affordable options
• Perfect for older residents and young families
• Great location and proximity to community amenities
• Relaxing and easygoing atmosphere
• May provide direct access to the water

Cons

• Steeper maintenance costs
• Cottages need special adaptive features for the winter months

Off-water neighborhoods

As the name suggests, off-water neighborhoods lie farther away from the shores of the lake. However, this type of community can be great for you and your family if you prefer views of the lake rather than direct lake access.

Pros

• Proximity to community amenities
• No need to worry about shoreline management, dock, and boat maintenance and upkeep
• Great views of the lake

Cons

• They are farther away from lake activities

For more information on the available properties in these family-friendly communities, contact Jane Sullivan Horne here.

WHY RAISE A FAMILY IN SMITH MOUNTAIN LAKE?

Why should you and your family move to Smith Mountain Lake? Let’s count the reasons:

Relaxing lakefront living

No matter what side of the Lake you’re on – Franklin, Bedford, or Pittsylvania – you and your family can have a fun and relaxing time on over 500 miles of shoreline.

Here are a couple of fun activities you can do at Smith Mountain Lake:

Rent a boat – or any water vessel!

If you want to experience the lake itself, renting a boat, kayak, canoe, or paddle board at the local marinas is your best option. Most marinas at SML offer  a variety of watercraft that can accommodate up to 12 people. In fact, the Moneta Bridgewater Marina offers everything from ski boats, pontoons, parasailing equipment, wakeboards, food, and fuel.

You can also rent luxury pontoons, wake boats, and personal watercraft like jet skis or Sea-Doos that are good for up to three passengers. To go sightseeing, go on a lunch or dinner excursion aboard the Virginia Dare.

Go fishing

Are you an angler planning to make Smith Mountain Lake your home?  Then, obtain your fishing license at the local Department of Wildlife Resources. The local DWR regularly stocks the lake with striped bass, smallmouth bass, largemouth bass, and blackmouth bass. The lake itself has other fish like crappies, catfish muskellunge, and walleyes. If you don’t know your way around a tackle, you can hire professional fishing guides on half-day or full-day excursions. Half or full-day charters are available at Captain Bert’s Fishing Charters.

Many more attractions and activities

To explore Smith Mountain Lake’s other sights and sounds,  start here:

Golf

Smith Mountain Lake has three 18-hole courses, each with its own distinct architecture, stunning lake views, and high-end amenities.

• Mariner’s Landing Golf Club

  Designed by Robert Trent Jones Sr., the golf course at Mariner’s Landing is open to the public and offers stunning views of the lake. The course also features a restaurant called Bruno’s Clubhouse Bistro which offers a wide variety of cuisines.

• Copper Cove Golf Club (Previously Westlake Golf and Country Club)

  Golfers from all levels are welcome at Copper Cove Country Club. The course features both scenic and challenging holes with views of the lake. The course was designed by Russell Breeden and also features a bar and grill.

• The Waterfront Country Club

  The Waterfront Country Club is the oldest private club in Smith Mountain Lake. Located near Westlake Corner, the course features beautiful Zoysia grass fairways, fine dining, and events. The place also has swimming pools, tennis and pickleball courts, and a fitness facility.

Hiking

There are many other ways to get in touch with nature at Smith Mountain Lake. Visit the many parks. Hike the numerous trails, most of which allow pet dogs as long as they’re leashed.

• Smith Mountain Lake State Park

  The Smith Mountain Lake State Park has seven hiking trails with varying lengths and  levels of difficulty. Four easy trails range from 1.2 miles to 2.8 miles. The park is open every day, from 8:30 a.m. till dusk.

• Smith Mountain Lake Community Park

  Spread across 37 acres on the Franklin County side of the lake, the Smith Mountain Lake Community Park is open year-round,  from dawn till dusk every day. It features a park 2-mile hike trail, fishing pier, playground, and beach area. Dogs are allowed on the trail but not on the beach.

• Smith Mountain Lake Cooperative Wildlife Trail and Management Area

  There are multiple hiking trails in the area, and you’ll be able to trek on either side of the Smith Mountain Dam. The area is also used for hunting, fishing, and wildlife watching.

Sense of community

Apart from the beautiful views, convenient amenities, and beautiful homes for sale, what makes Smith Mountain Lake stand out is the warm and welcoming community. Here, gatherings and festivals are held to bring the community together.

Here are some of the events, festivals, and celebrations at Smith Mountain Lake for every season:

Spring

If your family is into sporting events, they’ll love the Smith Mountain Lake triathlon (May), the Tom Maynard Memorial Poker Run (third weekend of May), and the SML Golf Invitational. Spring is also a great time to visit historic sites like the Booker T. National Monument 17 miles outside Smith Mountain Lake (and site of the 2023 Juneteenth Celebration) and sample the local food, beer, and wine scene with special discounts during the SML Restaurant Week in April.

In partnership with the Smith Mountain Lake Association and the Tri-County Lakes Administrative Commission, the local Chamber of Commerce also organizes a clean-up drive in May.

Summer

One of the best community activities during summer is the Smith Mountain Lake Pirate Days, a weekend in July filled with pirate-themed festivities in and around the lake. During this weekend, the Chamber of Commerce hosts a family-oriented pancake breakfast, with activities such as balloon animals and face painting.

You can also save the dates to the fundraiser, Beastlake 5K & Obstacle Course (July 1) and the 4th of July celebrations and fireworks.

Fall

Even when the weather cools, the festivities remain red hot  beginning with the Smith Mountain Lake Antique and Classic Boat Show (September), SML’s Annual Wine Festival (September), a tour of eight spectacular waterfront homes during the  Charity Home Tour (October), and the outdoor music festival called Knot-a-Festival.

The annual Chili Festival, happening every first Saturday of November, is not to be missed. Dozens of vendors line up at the Bridgewater Plaza and a team of judges gets to decide who deserves the title “Best Chili.” Fall festivities are capped off during Thanksgiving weekend, when Santa Claus arrives by boat at the Bridgewater Plaza and officially starts the holiday season at the lake.

Winter

Despite the laidback vibe at Smith Mountain Lake during winter, community events and festivities are in full swing, such as the Dickens of a Christmas, Amos Alonzo Stagg Bowl, and the annual Christmas Parade. Keep checking their individual websites or Facebook pages for announcements of the final schedule.

Accessibility

Accessibility is not a problem at Smith Mountain Lake. In fact, traffic is fairly light in the area. You can drive to Smith Mountain Lake, thanks to State Routes 24, 116, and 40. State Route 122 is the only major highway that crosses the lake. You can fly in from another state and disembark at the nearby Smith Mountain Lake Airport, Lynchburg Regional Airport, or the Roanoke-Blacksburg Regional Airport.

Amenities and utilities

There are several public libraries in the area like the Franklin County, Bedford County, and Pittsylvania County Public Libraries. Medical facilities include the Carilion Franklin Memorial Hospital, Centra Bedford Memorial Hospital, and the LewisGale Physicians at Westlake.

There are places of worship for Baptists, Catholics, Episcopalians, Orthodox Christians, Methodists, and more. Synagogues and mosques are within driving distance of Smith Mountain Lake.

With multiple internet service providers in the area, it’s advisable to shop around for the best deals and fastest connections.  Cell phone reception is good in most areas of the lake, but may be spotty in others.

To contact the local government, look for the county office in your specific part of the lake, whether you’re in Bedford County, Franklin County, or Pittsylvania County. For more information about businesses, amenities, and utilities in the area, check out the Smith Mountain Lake Guide by the local Chamber of Commerce.

BEST COMMUNITIES FOR FAMILIES NEAR SMITH MOUNTAIN LAKE

Planning to move to Smith Mountain Lake? It’s important to choose the community that suits your family’s needs and lifestyle.

Here are our top 3 recommended family-friendly communities at Smith Mountain Lake:

1. Mariner’s Landing

   Mariner’s Landing is a 1,000-acre community and country club in Smith Mountain Lake. The community provides a wide range of properties for sale, such as single-family homes, townhomes, and condominium units. There are also several empty lots ready to be developed into your dream home.

   The area was originally farmland until it was purchased by Jim Wray. The community and the golf course were built in the 1980s. Both were designed by the well-known team of Lewis Clark, Robert Trent Jones Sr., and Joe Sonderman. The property changed hands again in the early 1990s, at which time it  was called Mariners Landing.

   Rental accommodations and high-end resort amenities were also built on the property. In 2020, the community was purchased by and put under the stewardship of commercial developers Waller Perrow and Tom Branch. Since then, even more improvements were added, including the remodeling of the fitness center, clubhouse, and pro shop.

2. The Waterfront

   The Waterfront is a luxury private community sprawled across 750 acres and boasting 8.5 miles of shoreline. Properties available for sale in the community include custom-built single-family homes, townhomes, and condominiums at different price points. Single-family homes at The Waterfront typically have multiple beds and baths, multiple car garages and parking spaces, and covered decks. Townhomes and condominiums have similar features. If you want to build your own dream house, there are lots for sale as well.

   The Waterfront features a 22,000-square-foot clubhouse with a fitness center, pro shop, and bar room lounge. The community also has its own golf course designed by George Dillon, a PGA golf professional, and features two outdoor tennis courts and a Junior Olympic swimming pool.

3. The Town of Moneta

   Moneta is one of the many unincorporated communities overlooking Smith Mountain Lake. It is located on both sides of the lake – in Bedford and Franklin Counties. You can find an even wider selection of homes in different sizes and styles in this area. For example, you can purchase a 3-bed, 2-bath, 1,725-square-foot house on a lot that’s a little over an acre for $229,500. Or, if you want more space for your family, there’s a 4-bed, 3-bath, 2,160-square-foot home with a similar lot size as well. Available condominiums in Moneta include a 1,175-square-foot unit with 2 beds and 2 baths for under $230,000.

   Single-family homes in Moneta are typically Colonial in style and feature beautiful brickwork. You’ll also find townhomes and waterfront properties in this area.

For more information on the available properties in these family-friendly communities, contact Jane Sullivan Horne here.

SETTLE INTO YOUR NEW FAMILY HOME HERE AT SMITH MOUNTAIN LAKE

The best place to settle down as a family is a place where you can enjoy the perfect balance of life and leisure, and Smith Mountain Lake has all that and more.

For more information on Smith Mountain Lake homes for sale, you can reach me, Jane Sullivan Horne. I have over 28 years of professional experience in real estate in Smith Mountain Lake. I am deeply committed to helping homebuyers like you find the perfect family home or second residence in the beautiful community I call home. I can’t wait to meet you soon!

Call me, Jane Sullivan Horne, at 540.493.1690 or 800.858.4653. You can also send me a message here to get started.

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Best Communities for Families Near Smith Mountain Lake:

Reasons why you should move to this lakeside paradise

People often say nothing lasts forever. The same can be said about a home’s paint job. Repainting your property may be low on your to-do list, but it’s a great way to zhuzh up your home without spending a fortune. And if you are planning on opening your home as a rental or listing it in the market soon, a new paint job can do wonders.

This guide will tell you more about the best paint colors for a house on the lake.

PAINT 101

Painting is one of the quickest ways to refresh the look of a room or home. That said, color is not the only factor to consider. Its formulation, especially its base ingredient, can affect the life span, durability, and color quality of wall paint. The walls of your home, not to mention the location of your property, can also impact the longevity of wall paint.

Paint types

Water-based paint is the most common type of wall paint in the market today. It’s low on carbon and toxic emissions, light-fast, and can be used on almost all types of walls and finishes. Over time, you don’t have to worry about mildew growth. Best of all, applying water-based paint doesn’t require intensive pre-treatment.

Although water-based paints tend to be light-fast and stable, they also don’t have the richest of colors. And if exposed to moisture, they can delaminate and eventually peel off.

On the other hand, oil-based paint has rich color pay-off and finish. It can be used on almost any surface and is likely to stand the test of time. But unlike water-based paint, oil-based formulations emit fumes that may cause headaches. Cleaning painting tools dipped on oil-based paint also usually require solvents.

Picking the right finish

Also referred to as sheen, finish is the reflective quality of paint. Depending on the finish, your wall’s paint color may diffuse light in different directions or in just one direction.

Matte paint, as its name suggests, is the least reflective of all finishes. It dries down flat and, instead of reflecting light, gives off a velvety look. This is the sheen to consider if you want to cover up any surface imperfection. Matte finishes can also make colors look even richer.

Eggshell finish is a step up from matte paint in terms of sheen. It can look flat like matte, but instead of a velvety look, eggshell paint looks soft and smooth. This type of finish is a great option for high-traffic areas, such as entries and hallways, as eggshell paint is easy to clean as well as stain- and scuff-resistant. But if you want a glossier look, use paint with a satin finish. It’s more durable than eggshell and works especially well on woodwork.

Semi-gloss and gloss paint offer the highest levels of reflection, respectively. These types of paint are also the most durable and impactful. But since they reflect the most light, semi-gloss and gloss paint also highlight wall and ceiling imperfections. If you are using paint with this finish, extensive pre-treatment on the target surface is highly recommended.

Paint color and how it affects your home

Your home is your sanctuary. It’s logical that you want the best paint colors for a house you spend most of your time in, from eating and sleeping to relaxing. Countless studies and papers have proven that color directly impacts mood and overall health. The study of human behavior based on color is called color psychology and involves color theory. It finds that specific colors and shades elicit a common reaction from most people, making your choice of color a crucial part of the design.

Colors affect our daily lives by evoking emotions that range from feelings of comfort, warmth, energy, and excitement. It affects one’s mood through different associations. For example, the human brain associates warm colors—such as red, orange, and yellow—with feelings of power, anger, passion, and comfort. On the other hand, cooler colors—such as blue, green, and purple—create a more calming atmosphere that soothes an uneasy disposition. However, in certain environments, it can bring about feelings of sadness or indifference.

2023 PAINT COLOR TRENDS TO CONSIDER

Pantone’s 2023 Color of the Year is Viva Magenta 18-1750, a strong shade from the expressive red family described to be rooted in nature. This pulsating color exudes joy, courage, and optimistic celebration. This powerful color is electrifying and makes a stand-out statement. In terms of design, Viva Magenta is energizing and attention-grabbing and makes a strong statement when used as a primary color.

Viva Magenta can be used as an accent color to add visual interest or highlight specific design elements in any space. If you don’t want it to be too overpowering, match it with neutral or complementary. The best thing about this color, however, is its flexibility. Whether you have a maximalist lake home or a traditional, nature-inspired property, Viva Magenta will do just fine.

If Viva Magenta is too vibrant a color for you, consider recommendations from other brands. Benjamin Moore tagged the red-orange Raspberry Blush as an out-of-the-box pop of color that can do wonders for smaller spaces. Meanwhile, Behr opined the minimalist off-white hue, Black Canvas, as the perfect backdrop for any room. Another color option is Spanish Moss, picked by Krylon, which is both earthy and cool.

This rundown of the year’s top colors is not to say that your home should make this your color palette. Instead, it gives you something to consider as these hues represent the upcoming design, fashion, and interior trends. The best paint colors for a house should be based on personal preference and taste, the function of the room, and the overall home design and color scheme.

THE BEST PAINT COLORS FOR YOUR SMITH MOUNTAIN LAKE HOUSE

One of the most frequently asked questions about waterfront home design is about coastal paint colors. Think of the highlight of your view, Smith Mountain Lake, if you’re looking for inspiration. From the warm scenic colors of the sunrise and sunset to the blue hues of the water, there are countless ways to evoke a coastal feeling throughout your home or rental.

For curb appeal

The exterior color of your home is like a handshake—it can make or break somebody’s first impression of the property. Each Smith Mountain Lake house has a story of its own; pick a paint color that helps you share this.

1. Light blue: Light blue exteriors are a no-brainer for a lake home. It also helps your property exude a relaxing, laid-back atmosphere. This color is more on the traditional side but provides a nice and easy change if your home currently has a neutral-colored exterior.
   There are also many shades to choose from— haint blue is a lovely blue-green hue with deep roots to Southern culture and folklore. If you want a bit more color without standing out too much, light sky blue or baby blue are great options to consider.
2. Burgundy: A rich, burgundy-red home stands out from the greenery of Smith Mountain Lake without causing too much commotion. And depending on your home’s exterior material and the exact burgundy shade you choose, your lake home might achieve that rustic look.
3. Off-white: Go clean and classic with an off-white paint color for your home’s exterior. There is a good reason why it’s such a popular choice— it’s the most timeless and elegant color. If your home already has dark-colored roofing, it will provide much-needed depth and contrast. Do you love gardening and landscaping? Off-white exteriors serve as the perfect backdrop to seasonal blooms.
4. Light green: Green exteriors are best for neighborhoods with many hiking trails, but whether that is the case or otherwise, this color helps your home blend with its surroundings. You can go for a light green tint for something fresh or opt for a more muted and earthy shade such as moss or sage green to achieve an organic look.
5. Black and taupe: This is a twist on the no-fuss black and white color palette. If you’re the type that thinks a crisp white matched with a solid black element looks classy, try swapping out the white for taupe to warm the look and give it a cozier vibe.

The best advice we can offer you when choosing the exterior color for your lake house is to liven it up a little. Sure, you can go charcoal and black, but this is a vacation home, so it’s best to give it some warmth and avoid looking so heavy and serious.

Interior colors for your lake home

When repainting your home, it’s important to remember that you aren’t limited to just one color. Create a color palette that fits your theme for that space or complements the overarching look of your home.

• For the living room

  A neutral color for the living room is best. These tend to be larger, open spaces where people spend lots of time—using a classic base color that can adjust to changes in design trends and shifts is ideal. You can add more energy and personality to the room by adding pops of color through thoughtful selection of décor or by creating an accent wall.

• For the dining area

  Your dining room, like the living room, are shared spaces used daily. When choosing the best paint color for this space, it’s best to anchor your decision on the amount of natural light that enters the room. For rooms with plenty of natural light, choose a fun color that helps keep the energy up. But, if you don’t have a lot of natural light, go for a color that brightens up the space, like white or an off-white option.

• For the kitchen

  The paint colors of the kitchen and the dining room should be complementary, but it really depends on your theme. If your kitchen is inspired by the lake, rich navy blue walls work well with any metal, but especially gold hardware. It’s a great way to liven up a tired kitchen and give it a chicer feel. Another option is to go for warmer colors like orange and red— these colors are known to stimulate the appetite.

  If you’re tired of the same white kitchen, consider earth tones for a grounded and vintage feel. Green kitchens are especially trendy lately. When done right, this paint color makes for a chic, sophisticated, but warm space.

• For the bedrooms

  Relaxing colors work best in bedrooms. And while that category ultimately depends on the user of the space, going for subdued shades is highly recommended. Bedrooms are traditionally done in shades of white, gray, blue, and beige, but feel free to explore other colors. Warm terracotta and light pinks add calming splashes of color. Most of all, they breathe new life in a space that can feel one-dimensional. Butter yellow and sage green are also beautiful options that bring the outside in.

  If you don’t know where to start, consider the color of the bedroom’s existing furniture. Darker wood and furniture classically pair well with deeper colors, while it’s the other way around for light-colored furnishings.

• For bathrooms and powder rooms

  Like the kitchen, bathrooms and powder rooms can easily feel outdated. You may want to stay within a classic color scheme for these spaces. If you’re only repainting the bathroom, your color options should be based on the existing tiles and installed hardware. But if you’re up for a complete overhaul, have a little bit of fun! Since they are smaller spaces, bathrooms and powder rooms present you with an opportunity to explore exciting colors and tile combinations.

When repainting your home, ensure color continuity to create an overarching look that is cohesive and harmonious. This will enhance the enjoyment of anyone who steps into your lake home, from your family and friends to potential tenants or buyers should you decide to sell your home. A well-chosen color palette also saves you from additional work and expenses if ever you decide to let go of your property down the line.

LEARN MORE ABOUT SMITH MOUNTAIN LAKE REAL ESTATE

With nearly 30 years of experience buying and selling homes in Smith Mountain Lake, I can share local information and real estate expertise you won’t find anywhere else. My name is Jane Sullivan Horne, and I’m your guide to Smith Mountain Lake’s beautiful lake homes.

Whether you’re buying a secondary residence, vacation home, or investment property to add to your real estate portfolio, you can count on me. Learn more about your real estate opportunities in the area by calling 540.493.1690 or 800.858.4653. You can also get in touch with me here.

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