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Located along the Blue Ridge Mountains of Southwest Virginia, Smith Mountain Lake is an exciting and popular lakeside community for homebuyers to explore. With scenic natural surroundings, picturesque lake views, upscale communities, and laid-back atmosphere, Smith Mountain Lake has been a top choice for homebuyers, real estate investors, and retirees for years. It is also one of the most popular vacation destinations for many Virginia locals and visitors from neighboring states.

The opportunity of owning a luxury lakefront real estate surrounding Virginia’s second-largest lake attracts buyers from all over. With over 500 miles of shoreline, buyers are looking to find a lakefront Smith Mountain Lake luxury property that perfectly caters to your needs and lifestyle.

LUXURY REAL ESTATE PROPERTY TRENDS FOR 2022

If you are looking to purchase a luxury home in Smith Mountain Lake, it will be well worth your time to know the latest trends in the national luxury real estate market. Keep in mind that these trends are generalized in order to provide the big picture, but the information can serve as a great springboard for what to expect in any given local market. This can be especially helpful for buyers who are originally from out of state.

1. Luxury real estate continues to be red hot

The number of luxury homes sold throughout the country in Q1 and Q2 of 2022 matched the incredible sales numbers of 2021. Not only was volume on the rise but prices rocketed in many areas around the country.

How did this happen? According to reports, the affluent population–defined as people with a net worth of $5 million or more–is growing, and they are influencing the real estate market. Despite the challenges of the global pandemic and prevailing economic issues, the affluent population in the U.S. actually grew by 25% in 2021. Experts point to stock market gains, increased savings, rising home equity, and the crypto boom as factors that spurred this growth.

With their newfound wealth, the latest members of the affluent population now find themselves with enough equity to move up to the luxury real estate market-and this is something happening all throughout the United States. As such, the demand for luxury properties or the top 10% of any given market has increased exponentially.

2. Interest in secondary markets is rising

Secondary markets like Denver, CO, Smith Mountain Lake, VA, and Raleigh, NC have all drawn the attention of all this newfound wealth. For the established affluent population, these secondary markets have become attractive locations for the purpose of investing in real estate. For those who found themselves in this new demographic, secondary markets serve as fantastic places for “entry level luxury properties”. These two reasons become especially obvious when comparing the prices of luxury houses for sale in secondary markets and in primary markets like New York or Los Angeles.

Of course, price isn’t the only factor that has led to this emerging real estate trend. Personal preferences and definitions of luxury have evolved over time. These changes have redefined what buyers are looking for in these homes. This has led many buyers to naturally gravitate toward what luxury homes in secondary markets provide which primary markets are unable to offer.

3. Multiple home ownership is on the rise

It wasn’t too long ago that many people were reluctant to even entertain the thought of buying a second home. This sentiment drastically changed in the wake of the pandemic. With many offices opting to enact work from home policies and other flexible working arrangements, many buyers felt that purchasing a second home or a vacation property was a fantastic investment. After all, these affluent buyers were now free to move between the properties they own without having to worry about taking time off, or having to change jobs. In some cases, people who have modest homes in the city they are based in are choosing to purchase a luxury second home rather than upsizing to a luxury home within their area.

The choice to invest in houses for sale in Smith Mountain Lake is not limited to buyers living several hours away. Fluctuating market situations throughout the United States has encouraged many affluent buyers to expand their search for vacation homes outside their home states. In the case of Smith Mountain Lake, it isn’t uncommon to see buyers whose main residences are located in North Carolina, Maryland, or even Florida.

SMITH MOUNTAIN LAKE REAL ESTATE MARKET UPDATES

While many of the national trends have certainly affected the local market, there are a number of factors that make Smith Mountain Lake different compared to other locations. Prior to looking at listings, it’s best for buyers to familiarize themselves with the latest local real estate market updates and trends:

1. Luxury real estate inventory continues to lag behind demand

By the end of Q3, the Smith Mountain Lake area led all lake properties in Virginia in terms of the amount of homes available. Despite leading in this aspect, however, Smith Mountain Lake is still facing an inventory deficit against the current demand. This isn’t all too surprising given how many luxury homes in the area are treated as vacation homes and retirement investments.

Sellers who end up listing their homes understand the unique circumstances of the Smith Mountain Lake luxury property market. Most sellers are in no hurry to offload their properties, often willing to sit on their homes for longer while waiting for the right bid or even pushing buyers into a forced bidding war. In short, Smith Mountain Lake closed Q3 as a definitive seller’s market.

Currently, many of the construction efforts in the area are geared toward other property types. Although there is a concerted effort to build more residential properties, many of the homes scheduled for construction don’t exactly fall under the luxury lakeside real estate category. All things considered, buyers looking at houses for sale in Smith Mountain Lake should be prepared to open their bids at listing price or slightly higher.

2. Prices have hit record highs, but are still great deals by comparison

High demand and low inventory continue to drive prices up. Year to date, the average sale price for a single family waterfront property hit $1.06 million. This is a sizable uptick from the $952,000 average sale price recorded in 2021 and the $727,000 average sale price from 2020. Keep in mind though that some of the more sought after luxury homes can easily go for anywhere between $2 million and $4 million.

Although these luxury house prices seem high, the figures are actually considered fantastic value when compared to other popular luxury lakeside real estate markets. For example, luxury homes located in Lake Michigan come with an average price tag of $6.35 million. For an even starker comparison, luxury homes in Lake Austin reached an average of $12.92 million.

Real estate experts and analysts claim that It’s unlikely prices will drop as we approach the end of 2022. Overall, real estate markets across the nation have been stubborn, with prices continuing to soar amid mortgage rake hikes. As such, buyers who can afford to enter the market right now should act quickly since waiting too long may only lead to being priced out by inflation.

3. Buyers going to extremes to secure their dream lakefront home

Historically, luxury homes tend to move slower than traditionally priced homes. This was a trend that could be observed throughout the U.S. However, low mortgage rates and shifts in lifestyles spurred an unprecedented demand for luxury homes throughout the nation in 2021 and for most of Q1 and Q2 of 2022. Though the rate hikes implemented by the Federal Reserve in mid 2022 slightly dampened buyer enthusiasm, the demand for luxury homes in popular markets is still high.

In Smith Mountain Lake, realtors share stories about the lengths some buyers are willing to go just to secure their dream luxury home-especially when it comes to a beautiful lakefront Smith Mountain Lake property. Some buyers have placed bids as soon as certain properties were listed on the market. Other buyers have even gone so far as to place bids without even seeing the luxury property firsthand. This is mostly because these highly desirable lakefront properties don’t often make their way onto the MLS. Owners tend to hold onto their properties for long stretches, sometimes even decades. As such, buyers are doing whatever they can to snatch up a property before someone else beats them to it.

Naturally, such aggressive buying strategies should be considered with extreme caution. However, it is a good idea for would-be buyers to know what others are willing to do in order to secure luxury real estate in Smith Mountain Lake. Homebuyers and investors should be prepared to move quickly if a property that interests them makes its way on the market.

WHY SMITH MOUNTAIN LAKE HOMES ARE DESIRABLE PROPERTIES

It’s no secret that houses for sale in Smith Mountain Lake are among the most desirable lakefront properties in the country. Smith Mountain Lake is one of Travel + Leisure Magazine’s Seven Best Destinations to Buy a Lakefront Home in the U.S.

The reasons why Smith Mountain Lake luxury homes are so popular among homebuyers extend beyond the idyllic lakeside living offered by the communities. Some of the best reasons why homes here are so desirable include:

Relatively low cost of living despite being a location for luxury properties

First off, the cost of entry is incredibly affordable, even if you are looking at luxury properties. Second, unlike in most metro areas, the prices of utilities and essentials in Smith Mountain Lake are low. Smith Mountain Lake also has a well-developed commercial scene with many convenient groceries, restaurants, and retail stores in the area. This means that residents don’t have to drive all the way to a big city to purchase essentials, which is incredibly convenient, and gas and time saving .

Close proximity to urban areas

Smith Mountain Lake offers residents quick and convenient access to a number of large cities. For starters, Roanoke, VA and Lynchburg, VA are both less than an hour away by car. Looking to travel interstate? Raleigh, NC is just a two-hour drive away, while Washington D.C. is an easy four-hour drive via US-29 or I-81. Taking all of these into account, Smith Mountain Lake offers its residents blissful lakeside living while also providing easy access to the attractions and amenities found in big cities.

BEST SMITH MOUNTAIN LAKE NEIGHBORHOODS FOR LUXURY HOMES

The Waterfront

Spanning over 750 acres and sporting 8.5 miles of gorgeous shoreline, The Waterfront is a fantastic country club community that should be at the top of your search list. It is best known for its 22,000 square foot clubhouse, aptly named The Waterfront Country Club, that boasts an Olympic-sized swimming pool and an 18-hole PGA Championship golf course.

Park Place

Park Place is one of Smith Mountain Lake’s most prestigious waterfront communities and one of the best neighborhoods for luxury homes. The 138-acre community features a large number of custom-built luxury homes intermingled with the surrounding hardwood forest. Lots here are large, allowing buyers to build personal docks for their boats.

The Water’s Edge

Another country club community, The Water’s Edge is located on a peninsula along the lake, making it a prime location for luxury waterfront real estate. Residents of the neighborhood also gain membership to the exclusive Water’s Edge Country Club which features an 18-hold PGA Championship golf course and 75 acres of horseback riding trails via the Equestrian Center.

South Harbour

South Harbour is a gorgeous 100-acre residential community. More than half of the homes here sit on prime waterfront lots. Privacy is a big factor in the community as the majority of the homes here sit on lots ranging from 1 to 2.5 acres. A landmark observation deck, which offers beautiful panoramic views of the area, can be found at the highest point of the community.

Waverly

Sitting on 130 acres of gorgeous lake property, the close-knit Waverly community is one of the best places to live in Smith Mountain Lake. Homes here are custom-built and the community still has a number of development lots available if you prefer to construct a luxury waterfront home to meet your exact needs. Buyers who dream of making the most out of the lake will be happy to know that houses here have private boat docks. The majority of homeowners are year-round residents.

WHY YOU SHOULD WORK WITH A LUXURY REALTOR

While it is possible to purchase luxury real estate on your own, savvy buyers will know that it’s best to work with a REALTOR who specializes in luxury real estate. Working with a REALTOR to purchase a luxury Smith Mountain Lake property comes with a number of advantages, including:

1. You get better deals on luxury homes, especially waterfront properties

Experience brings good judgment. Luxury REALTORs should have a wealth of experience when it comes to high-end waterfront properties, which helps them identify whether certain homes are good deals or not. Armed with this knowledge and experience, your REALTOR is able to better represent your best interests at the negotiating table and secure a better deal on luxury properties. Similarly, a REALTOR can help you steer clear of homes that do not fit the bill or simply do not meet your wants or lifestyle.

2. They spot potential problems ahead of time and help you avoid them

From paperwork issues to problems with a home’s structural integrity, a REALTOR knows how to identify the first signs of trouble. Given how pricey luxury lakefront homes can get, the last thing you want to happen is for a deal to fall through due to issues that could have been avoided early on. Even in the face of unexpected issues, a REALTOR will likely have experienced dealing with such problems in the past so they know what steps to take to overcome the issue.

3. They can find privately listed luxury homes on your behalf

Not all luxury homes find their way onto the Multiple Listing Service. In fact, some luxury homes will be privately listed. This means that these luxury homes are advertised via word of mouth between REALTORS. Having access to these homes for sale is a significant advantage for buyers simply because a private listing draws less attention, which may mean you won’t have as much competition. REALTORS who specialize in luxury properties will always be in the know when it comes to privately listed homes, which means you’ll be privy to a market that only a select few know about.

FIND THE PERFECT HOME IN SMITH MOUNTAIN LAKE AND LIVE LIFE BY THE WATER!

If you are interested in buying a Smith Mountain Lake property, make sure you work with a luxury REALTOR. A good choice would be Jane Sullivan of Berkshire Hathaway Home Services Smith Mountain Lake Real Estate.

Working as a full-time Smith Mountain Lake REALTOR since 1986, Jane has had the privilege of helping hundreds of clients of luxury properties find a place to call home. Decades of experience in the luxury real estate market and always giving her all to provide a personalized VIP-level of service has helped her achieve an average of $10-$20 million in sales per year, making Jane one of the Top 3 REALTORs in Smith Mountain Lake.

For inquiries, please do not hesitate to call at 540.493.1690 or send an email here. Together, we can find the perfect luxury home in Smith Mountain Lake for you and your family.

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Recently sold: a 5-bedroom, 3.5-bath home with a coastal, casual feel

Virginia is one of the most visited states in the US for many reasons. With its tourism industry returning to pre-pandemic levels, the state’s vacation spots can be expected to be full and vibrant again during peak season. In addition to its most visited beaches, mountains, and wineries, Virginia is also a tourist magnet because of its lakes – and Smith Mountain Lake counts among the best of them.

SMITH MOUNTAIN LAKE: THE JEWEL OF THE BLUE RIDGE MOUNTAINS

Named the “Jewel of the Blue Ridge Mountains” in a theme song written to commemorate its 50th year as a manmade reservoir in 2016, Smith Mountain Lake not only attracts tourists and families looking for a unique way to reconnect with nature. Smith Mountain Lake was also the destination of choice during the pandemic as people looked for spacious areas to visit closer to home.

Located southeast of the City of Roanoke and southwest of Lynchburg, Smith Mountain Lake is Virginia’s second-largest body of freshwater, trailing John H. Kerr Reservoir/Buggs Island Lake. It stretches for roughly 40 miles with a shoreline of about 500 miles and holds about 20,000 acres of water. The breathtaking Blue Ridge Mountains surround its waters, while the Smith Mountain Lake State Park and Bedford County border its northern shores.

Interestingly, Smith Mountain Lake traces its beginnings to 1960 with the dam’s construction. The dam looked to generate hydroelectricity for Appalachian Power, a division of American Electric Power. The project required 200 workers to move 300,000 cubic yards of mountain forests to make room for the dam.

By 1963, the dam walls were completed. The Roanoke and Blackwater Rivers also started to fill up the Smith Mountain Lake. Three years later, the lake reached its capacity and started to become a favorite recreational spot for guests and residents of Southwest Virginia.

WHY INVEST IN SMITH MOUNTAIN LAKE REAL ESTATE

What are the key benefits of buying a house in Smith Mountain Lake? Let’s dissect some of the best ones below.

Desirability of lake properties

As anyone looking for a Smith Mountain Lake property for sale can attest, their choice of location has much to do with how the lakeside community is seen as a premier destination for travel and leisure. It certainly helps that it was recently named one of the seven “best destinations to buy a lakefront home in the U.S.”

Many appreciate how Smith Mountain Lake offers a peaceful place for a retreat without the heavy traffic. The low taxes in the area are also seen as particularly favorable for interested investors.

Rising home values

Buying a Smith Mountain Lake property for sale can be one of the best decisions you’ll ever make with your money. Prices of Smith Mountain Lake homes for sale are steadily rising due to increasing demand.

Looking at the numbers, the median listing home price in September 2022 was $472,000, which was up by 7.9% year on year. Meanwhile, the median home sold price was $529,000, which means that properties were selling for considerably higher sums than their list prices.

If you have the money to buy a house, investing in a Smith Mountain Lake property can generate substantial returns once you decide to sell your property in the future. In September 2022, prices of condos and townhouses started at around $120,000, while single-family homes sold for $320,000 and up. Bigger properties can reach north of $2.5 million.

Promising developments in and around Smith Mountain Lake

There are exciting times for Smith Mountain Lake real estate. Development projects are sprouting in and around the area. There’s a new resort about to be built in the old location of Penn Hall. It will feature rental cottages, a clubhouse, an event barn, and different shops for guests. Also, part of the development is the renovation of the Penn Hall Manor, which was built in the 1940s.

A new subdivision is slated to rise south of Hales Ford Bridge in Moneta. The 30-acre property will be home to 30 single-family houses and a commercial lot.

WHAT’S IN STORE FOR SMITH MOUNTAIN LAKE REAL ESTATE INVESTORS

In 2020, Smith Mountain Lake real estate sales hit a 20-year record with 431 homes sold. Faced with the pandemic, businesses were prompted to shift to work-from-home arrangements. Employees, in turn, saw this as an opportunity to live near the lake on a more permanent basis.

Even as the overall sales record for 2021 dipped to 327, experts never saw it as a sign of a cooling market, citing the lower number of home listings as a more plausible explanation.

Today, Smith Mountain Lake real estate remains popular among homebuyers and investors despite the limited inventory. Those who are in the market for such properties will still find ample options, which range from condominiums to luxury waterfront homes, as well as vacant lots for custom builds.

Property types

• Waterfront homes
  The most popular type of property in Smith Mountain Lake, waterfront homes provide amazing views of the lake, sunrise, and sunset without sacrificing your privacy. Some of these properties are situated on a quiet cove right at the foothills of Smith Lake Mountain. You can also find properties that sit at the end of a cul-de-sac for more privacy.

• Waterfront condos and townhomes
  Like the waterfront homes, waterfront condos and townhomes also provide awesome views of the lake. Though the properties are smaller compared to waterfront homes, they make up for it by ensuring that homeowners have easy access to all the amenities they could need. It isn’t also uncommon to find condos in the area with up to 5 bedrooms and 2 bathrooms. The townhomes, on the other hand, usually come with 3 to 5 bedrooms and 3 to 5 bathrooms.

• Waterfront lots
  If you plan to build a luxury home from the ground up, Smith Mountain Lake’s waterfront lots are excellent locations to consider. For under $30,000, you can find a waterfront lot that measures about half an acre and is close to the canoe and kayaking area. On the flip side, investors can find lots measuring over 70 acres that can be subdivided into smaller waterfront lots.

• Water-access homes
  Smith Mountain Lake’s water-access homes take privacy to the next level, as guests can only visit the property by boat. In this area, you can easily find a single-family water-access home that features 2 to 4 bedrooms with up to 2 to 4 bathrooms.

• Water-access condos/townhomes
  You can also choose a water-access condo or townhome as an alternative. Some of these units are custom built and feature 2 to 4 bedrooms and 2 to 4 bathrooms.

• Water-access lots
  For a more personalized touch, you can invest in a water-access lot where you can build your retirement home or investment property. For as low as $5,000, you can find a wooded lot perfect for a lake cabin. Bigger lots measuring 4 acres and up can be used to build condos or townhouses.

Architectural styles

The architecture of homes in Smith Mountain Lake has changed through the decades. Back in the day, cottages dominated the area. Today, custom-built properties and well-designed developments have taken over. While many of the new neighborhoods favor low-maintenance properties for easy, high-quality living, luxury communities in Smith Mountain Lake still guarantee striking landscapes and remarkable docks that add to the area’s character.

Amenities

Boat docks/slips are standard features that provide waterfront residents easy access to the lake. Many communities boast championship golf courses, which residents can access either by virtue of being a homeowner or by applying for club membership.

Residents also get to work out using the latest equipment in their local fitness center and in some cases even enjoy horseback riding in an equestrian center. Restaurants offering scrumptious meals are always at the ready to cater to discerning palates.

Meanwhile, owners of condo units can relax in heated pools, jetted tubs, and outdoor patios. Despite the condominiums’ modern designs, the stunning panoramic views of the lake remain a major feature.

A closer look at the neighborhoods in Smith Mountain Lake paints a better picture of what’s potentially in store for new homeowners and investors in the area.

Neighborhoods of Smith Mountain Lake

The Boardwalk is one of the newest communities in Smith Mountain Lake. View homes for sale here.

Smith Mountain Lake boasts some of the most elegant neighborhoods in all of Virginia. Here are the areas that offer some of the best properties worth investing in.

1. The Waterfront

Investors looking for a luxurious private golf community away from the busy city will find The Waterfront Country Club an appealing option. Spanning over 750 acres and 8.5 miles of shoreline, it features breathtaking hardwood trees and a rolling countryside that add to its already impressive appearance.

Being the oldest country club community in Smith Mountain Lake, The Waterfront recently underwent a renovation to keep up with the community’s changing needs. The clubhouse and fitness center were improved. The pro shop was also remodeled in 2021 and now offers some of the best clubs, balls, putters, and apparel made by leading golf equipment brands. There’s also a bar room lounge overlooking the 18th hole of the George Dillon-designed, PGA Championship golf course.

View real estate properties for sale in The Waterfront

2. The Boardwalk

The Boardwalk is one of the newest communities that’s been attracting homebuyers to Smith Mountain Lake. Situated on the lake’s west side, the community sits on 100 acres of land and offers almost four miles of shoreline and stunning views of the lake.

The community hosts close to two dozen Nantucket-style cottages. Wood floors and white walls are common features of Nantucket-style homes, while handwoven textiles, fresh flowers, beach shells, and eclectic artwork complement the design.

View real estate properties for sale in The Boardwalk

3. The Farm

Right across The Boardwalk is The Farm, a green community featuring 63 properties with easy access to Smith Mountain Lake via boat ramp. The Farm is a low-impact development that uses open space throughout to help avoid the effects of stormwater runoff.

Inside The Farm is Hammock Pointe where waterfront houses and estate home sites are located. The houses inside Hammock Pointe were built according to Green Building Program standards, which include requirements like energy efficiency, waste management, durability, and water conservation.

View real estate properties for sale in The Farm

4. The Water’s Edge

Opened in 1988, The Water’s Edge is a lakefront country club that is divided into three communities: Village Green, Golfer’s Crossing, and The Grande Villas.

If you’re looking for low-maintenance Smith Mountain Lake waterfront homes for sale, Village Green is your best bet. The townhouses sport a cottage-like design that uses brick and cedar shake for the exteriors, requiring low maintenance on the owners’ part.

Meanwhile, Golfer’s Crossing offers luxurious single-family homes nestled in three elegant coves. The homes feature New England cottage architecture meshed with neo-traditional designs.

The Grande Villas is the latest development inside The Water’s Edge and is also the most luxurious. It features six elegant townhomes built with sustainability in mind. The properties’ EarthCraft design allows homeowners to boost energy efficiency by up to 30%.

The highlight of The Water’s Edge is an 18-hole championship golf course and its famous hole 7, an island green that extends all the way to the lake.

View homes for sale in The Water’s Edge

5. South Harbour

The 100-acre community of South Harbour features 40 properties, 28 of which are located on prime waterfront. Entering the premises, residents and guests are welcomed by a Colonial brick entrance complemented by nautical-themed lighting. Then once inside, they can relish in the community’s naturally serene environment, further enhanced by its perfectly maintained landscape, walking trails, and yards full of trees.

One of the major highlights of South Harbour lies at its highest point. There, a mighty old oak stands majestically beside the landmark observation deck. Spacious lands and lots are available, waiting for prospective buyers to build their custom houses on. Buying a house in South Harbour also gives you a chance to become a member of The Waterfront Country Club.

View homes for sale in South Harbour

6. Park Place

Park Place is a favorite choice among buyers looking for a second house or a place where they can retire. It is home to 199 waterfront home sites situated on 138 acres of land. The properties range from custom-built estates to single-family homes, condos, and townhomes.

Aside from its prime location, Park Place also boasts luxury amenities and outdoor features. Its trailers, sandy beach, playgrounds, pier, and picnic pavilion make it one of the hidden gems in Smith Mountain Lake.

View homes for sale in Park Place

7. Waverly

Customization is the main attraction of Waverly. The neighborhood sits on 130 acres of lake property made more special by the forested natural setting. Investors can custom-build their houses and install all kinds of luxurious amenities.

Anyone in the market for Smith Mountain Lake waterfront homes for sale will appreciate the existing properties’ hardwood floors, stone fireplaces, and granite countertops, among other features typical of custom-built homes. Meanwhile, access to the lake is made easy through Waverly’s private boat docks.

Check out real estate for sale in Waverly

8. Contentment Island

Lastly, there are The Cottages at Contentment Island, which features 62 luxury waterfront homes designed to take convenience to the next level. Measuring as much as 5,000 square feet, the properties feature open floor plans that allow owners to customize their homes to their liking. Hardwood floors and high ceilings, however, are standard features for an elegant vibe.

While boating and fishing are popular pastimes at the lake, residents of The Cottages at Contentment Island also enjoy a whole lot of other activities made possible by amenities like tennis and basketball courts, walking trailers, and a swimming pool.

View real estate for sale on Contentment Island

WHY JANE SULLIVAN HORNE IS THE BEST LUXURY REAL ESTATE REALTOR IN SMITH MOUNTAIN LAKE

If you want to know more about the Smith Mountain Lake community, partner with me, Jane Sullivan Horne, for access to information that is crucial to making wise investment choices. I’ve been specializing in luxury real estate properties in Smith Mountain Lake and have helped countless numbers of buyers and sellers in their search for the best deals in town.

Apart from being a Certified Residential Specialist, I am also a Luxury Collection Specialist, a Short Sales Foreclosure Resource, and a Certified Specialist with Berkshire Hathaway Home Services Smith Mountain Lake Real Estate. I provide personalized services to ensure that my clients find the right properties that meet their requirements.

On top of my NAR, VAR, and the Roanoke Valley Association of Realtors memberships, my dedication and passion for Smith Mountain Lake real estate enable me to deliver no less than top-notch services.

INVEST IN A SMITH MOUNTAIN LAKE PROPERTY TODAY

Ready to look for a Smith Mountain Lake property for sale? Let me guide you every step of the way. My team and I are more than ready to assist you in your search for that Smith Mountain Lake home that matches your investment goals. Check out our list of Smith Mountain Lake properties for sale here.

For any questions or concerns you may have, call me at 540.493.1690 or contact me here.

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Nestled in the Blue Ridge Mountains, Smith Mountain Lake is a lovely destination that will astound you with its remarkable natural scenery and small-town charm. A popular site among tourists for its wide range of both water- and land-based recreational activities, Smith Mountain Lake is also where you’ll find some of the most sought-after real estate in Virginia.

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TABLE OF CONTENTS

• Promising possibilities
• Virginia’s real estate market
• Where is Virginia’s real estate market headed?
• Smith Mountain Lake real estate: An overview
• Why move to Smith Mountain Lake?
• Invest in Smith Mountain Lake real estate today!

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Promising possibilities

There’s so much you can do when you acquire Smith Mountain Lake real estate. You can (1) move here and – along with the rest of its roughly 22,000 residents – experience living the vacation life 24/7, where time crawls to a standstill. Or you can (2) turn your Smith Mountain Lake property into a home away from home for those times when you want to make great memories by the lake with family or friends. Still another possibility is to (3) convert your Smith Mountain Lake real estate into a vacation rental and take advantage of the booming tourist industry here. And, to make things more exciting, you can even (4) turn your SML property into a hybrid between a vacation home and a vacation rental. That way, you can use your Smith Mountain Lake home for a family getaway during off seasons and generate income by renting it out to transients during peak seasons.

Given these exciting possibilities, it’s not surprising that Smith Mountain Lake homes are considered prime real estate in Central Virginia. Whether you’re in search of a new place to move to or you’re thinking of extending your investment assets to include real estate, know that there’s no better place for your plans than this picture-perfect area right smack in the heart of the Blue Ridge Mountains.

With economic upheavals that are set to affect real estate on the horizon, there’s no better time than now to invest in a home for sale in Smith Mountain Lake. Let me, your friendly local Realtor Jane Horne, take you on an eye-opening reveal of what’s up with SML real estate, what’s to become of it, and why you should make your bid on the SML housing market now.

Virginia’s real estate market

There are several things about Virginia’s real estate market that you should know:

1. 2020 figures by the Virginia Realtors Association reveal that two out of three households in Virginia live in homes of their own. That’s 66.7% of total households in the state, compared to the 64.4% national homeownership rate.

2. The last decade saw Virginia’s real estate market growing by leaps and bounds, buoyed by the strength of the leisure and hospitality and technical services sectors. Even when the rest of the country had to grapple with unemployment woes during the start of the pandemic, the Old Dominion stood steadfast and weathered the economic storm. Growth in the past 10 years was at 24.71% with approximately 2.23% upticks every year. Moreover, while other states took a hit from the pandemic, Virginia saw a 9.23% increase in median home values in those 24 months.

3. Much like the rest of the country, Virginia’s scant housing inventory in relation to the huge demand for homes has been one of the major factors that led to the remarkable rise in home values here – even long before people became acquainted with COVID-19.

4. A competition of sorts is occurring between home buyers and investors in the mad scramble for available real estate in the state. In the second quarter of 2021, one out of six homes, as well as a quarter of all apartments in Virginia have become the property of real estate investors.

The above-mentioned data are evidence pointing to a high-performing real estate market in the Old Dominion. However, there’s been a recent development that has eased the glaring dearth in the state’s housing inventory and presented a window of opportunity for home buyers wanting to snag property here: new listings.

Data from the Virginia Realtors Association’s May 2022 home sales report showed the following takeaways:

• There are 15,836 new listings, reflecting a 1.5% increase from April.
• There are 16,875 properties in the active inventory – a 9% increase from the previous month.
• While the number of active listings went up, there was a marked 5.6% decrease from 17,868 homes in the market during the same month last year.
• A total of 13,048 properties were sold in May, while 12,096 of them are still awaiting sale.
• A home for sale would take an average of 17 days in the market before it gets bought. This is 22.8% lower than May 2021’s average of 22 days.

The infusion of new listings to the housing inventory may spell good news for many home buyers who are eager to cash in on great returns from real estate in Virginia. However, still another factor is shaking the foundations of the real estate industry as a whole and is affecting home values, mortgage rates, and buyer behavior: rising inflation.

That said, real estate forecasts are now more toned down in anticipation of challenging times ahead.

Where is Virginia’s real estate market headed?

As mentioned earlier, the Virginia real estate market has already been seeing a scarcity in its housing stock which has led to rising home values. But never was it more pronounced than in 2021 when labor and supplies shortages brought about by the pandemic resulted in even fewer new construction to add to the inventory. And just as the economy was regaining its footing in the new normal, the supply further went south due to the ever-increasing demand for homes in Virginia.

Adding to the challenge is the response of the Fed to the rising inflation by hiking interest rates in the early part of this year. Mortgage rates, in turn, are seen to follow this development.

Given these challenges in the Virginia real estate market and everywhere else in the U.S., analysts and observers predict a slowdown in activity this year compared to the previous year.

Virginia Realtors note, though, that even with the slowdown, the local market will still register a price increase among homes for sale here – although not at the same stratospheric levels as before. They are still expecting prices to rise by 4.1% this year or half of the reported 9.4% increase last year.

In terms of migration, the reopening of the economy is bringing people back to urban spaces. However, those who have embraced the concept of remote work will continue to look toward suburbs that offer spacious living quarters, modern comforts, and easy access to urban areas. Thus, they turn to places like Smith Mountain Lake.

Smith Mountain Lake real estate: An overview

As with the general state of the market in Virginia, the Smith Mountain Lake real estate market has been quite busy, as well. A lot of buyers have been looking at waterfront properties like single-family homes, condominiums, and townhouses. There are buyers who are looking into purchasing waterfront lots as well.

In general, these properties don’t stay listed for long. That’s why you’ll want to move quickly to get your very own waterfront property with gorgeous views of nature at SML.

Here’s a look at the average time SML properties stay in the market:

• Condos and townhouses: 11 days
• Single-family homes: 41 days
• Lots: 509 days

There’s a property in SML for every budget, from homes listed at around $500,000 to sprawling estates costing more than $7 million. The median selling price for properties in the area is a little more than $500,000.

Check out the whole range of towns, cities, and neighborhoods of note within a 40-mile radius of the lake here.

New development

There are also new developments in the area, offering more properties for sale to interested investors. Most recently, SML saw the development of South Harbour, a property built on a lot formerly known as The Lakewatch Club.

Located on Dudley Amos Road, this new community is set to open a whole new selection of homes and lots to add to SML’s housing stock. Most of the properties located inland have sizes ranging from 1 to 2.5 acres while 10 of them will constitute waterfront cottages with an average size of half an acre.

The SML investor’s edge

Investing in real estate in Smith Mountain Lake is a great decision for the wise investor, especially since the majority of available properties here are lakeside properties. Having easy access to the lake’s waters holds a multitude of health benefits for those living there. Living in a home overlooking the lake is also a dream shared by many people, and this is why these homes generally have a higher value.

Waterfront properties are also considered rare finds. Everyone knows that the rarer they get, the higher their price tag. So, if maintained well until resale, this asset assures a windfall in returns.

Just last year, the value of waterfront properties in SML was found to be 51.2% higher than the area’s current tax assessment. Some properties also tend to sell for more, even 100% higher than their original selling price. Imagine how high the value of your waterfront property will be over time.

Should you decide to invest in a property in SML now, no economic upheaval or market slowdown can stop the increase in its value as the years pass. With a good agent to back you up, not only will you be assured of generous returns on your investments when you decide to sell but you’ll also be able to conclude the process at the soonest possible time.

Why move to Smith Mountain Lake?

Locals will readily tell you that SML is the best place for waterfront activities but there’s much more to the place than its famed lake.

Accessibility

While it offers a quaint small-town vibe, SML is not far from the conveniences of urban living. You have easy access to several key cities like Roanoke or Lynchburg via main arteries like Highway 116 or Highway 29. You’ll get to your desired destination while enjoying scenes of the countryside.

If you need to fly out, the nearest airport from SML would be the Roanoke-Blacksburg Regional Airport which will only take less than an hour’s drive northwest via the I-581. Meanwhile, further up north is the Raleigh-Durham International Airport which is approximately 120 miles away.

Good schools

Families with school-age children will be happy to know that you can find quality education for your kids in SML. Here are some of the best public and private schools in the area:

• Burnt Chimney Elementary School
• Dudley Elementary School
• Moneta Elementary School
• Snow Creek Elementary School
• Windy Gap Elementary School
• Huddleston Elementary School
• Goodview Elementary School
• Rocky Mount Elementary School
• Glade Hill Elementary School
• Lee M. Waid Elementary School

You’ll also find several top-ranking universities and colleges near the SML area.

Land-based activities

Take part in Smith Mountain Lake’s bustling art scene by attending free concerts, exhibitions, and plays, all featuring local talent. There are many book clubs, garden clubs, and bridge groups, as well, so it’s easy to find one that will suit your interests. You can even take time to participate as a volunteer in civic activities that not just enrich the community but brings together people of similar interests.

Sports buffs and active individuals can stay fit and in the game in SML, especially with the abundance of pickleball and tennis courts here. However, SML is particularly famous for its lush golf country clubs and public golf courses that appeal to those who love the challenge of the sport.

Water-based recreation

Smith Mountain Lake’s main attraction, of course, would be the activities in and around the lake’s crystal-clear waters. Efforts made by the area’s volunteers help keep these waters clear. The lake is also constantly being checked for clarity, algae, and bacteria.

Those who seek adventure can try out swimming, wakeboarding, fishing (the waters here are famous for bass and stripers), or going on sunset cruises while those who’d rather partake in a more relaxing activity can simply enjoy the view while lounging in their own boats or on their waterfront docks.

Boat owners can dock their vessels at any of the marinas scattered along the lake’s coast then head out toward land for dining and entertainment at local restaurants in the area.

The townsfolk

But perhaps the biggest factor that makes people decide to stay in Smith Mountain Lake is the feeling of being at home with the locals. They are friendly, accommodating, and will waste no time helping newcomers adjust to their new life in SML. This is definitely something to look forward to if you’re planning on moving to SML soon.

Invest in Smith Mountain Lake real estate today!

If there’s anything that the current real estate market trends in SML and in Virginia in general tell us, it’s that today is the best time to invest in a property in this high-value area. With a strategic location that boasts attractive views of nature, a nurturing community of hospitable locals, and properties that are expected to increase in value, Smith Mountain Lake is your best bet for an informed real estate investment and for a new lease on life far from the stress of the city.

To make a successful bid in prime Smith Mountain Lake real estate, make sure to work with a professional whose expertise in the area is unsurpassed. You’ll need someone with years of experience in the industry but who also has that personal touch for every client they serve.

Here to cater to your real estate requirements in Smith Mountain Lake is yours truly, Jane Sullivan-Horne. Working under the prestigious Berkshire Hathaway brand in real estate, I’m the Realtor to help you in finding your next home in Smith Mountain Lake. Call me at 540.493.1690 or 800.858.4653, or send me a message here.

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With a picturesque view of turquoise lake waters and scenic mountain ranges, Smith Mountain Lake also goes by the name “Crown Jewel of the Blue Ridge” and “Virginia’s Best Kept Secret.” For those who’ve spent time in Smith Mountain Lake on holiday, many have returned to purchase a home, either to move in permanently or to have a vacation home they can call their own. With so many wide open spaces, nature views, and recreational activities, it is no surprise that people just can’t resist the charm of Smith Mountain Lake.

Surrounded by the three counties of Franklin, Bedford, and Pittsylvania, Smith Mountain Lake offers a wide range of properties including waterfront, cabins, homes, townhomes, cottages, condos, and lots.

Whether you’re in the market for a simpler cabin or a more expansive luxury home, it’s especially important to have a knowledgeable Smith Mountain Lake Realtor by your side. In this article, you’ll find out:

• Why you need the guidance and expertise of a Smith Mountain Lake Realtor
• The qualities of good Realtor
• The essentials of a luxury home
• 10 things you need to know before buying a luxury home in Smith Mountain Lake

ABOUT SMITH MOUNTAIN LAKE

Formed in the 1960s as part of the power generation project of the Appalachian Power of the American Electric Power (AE) project, Smith Mountain Lake came into being because of a 235-foot dam erected by the Smith Mountain and the Roanoke River. The main channel of the lake is approximately 40 miles with an elevation of 795 feet above sea level, with the two major rivers The Roanoke River and the Blackwater River joining. It also has over 500 miles of shoreline that allows different activities for guests and residents.

Experiences you can enjoy in Smith Mountain Lake are:

• Swimming
• Jet skiing
• Wakeboarding
• Kneeboarding and tubing
• Kayaking
• Canoeing
• Paddle boarding
• Rowing
• Boating
• Fishing for striped bass, largemouth bass, smallmouth bass, crappie, brim, catfish, and walleye

There’s more to enjoy outside of the water:

• Hikers will be pleased to know there are trails in the area that are perfect for camping and birdwatching
• Golfers will take to the expertly designed golf courses in Smith Mountain Lake
• Resorts, spas, and restaurants are plentiful

Where to stay in Smith Mountain Lake

The southwestern area of Smith Mountain Lake has newer residences and restricted short-term vacation rentals. The Westlake Corner and the Westlake Towne Center, one of the biggest commercial spaces in the area, offer brick-and-mortar shopping.

Bedford County lies in the northern and eastern areas of the lake. Bedford is ideal for holiday and long-term rentals, with hotels and residential subdivisions.

Pittsylvania in the far southeast has a more laid back and private environment. Here, Vista Pointe Condos offer the best views.

BUYING LUXURY REAL ESTATE

Recently sold by Jane Sullivan Horne: a 5-bed, 7-bath, 6946-square-foot iconic Smith Mountain Lake estateWhile the home buying process is pretty much uniform across most property types, it’s useful to note that acquiring luxury real estate distinguishes itself in a number of ways. For example:

Prime location. While location is the top consideration for all property types, its importance is magnified when it comes to buying luxury property. Neighborhoods may be guard-gated. Properties may be far flung or secluded for utmost privacy, or else in close proximity to city centers with a wider choice of amenities. The community vibe is one of exclusivity, affluence, tranquility, and safety.

Square footage. Acreage is another consideration. While not all luxury buyers want expansive lots, the interior and immediate exterior of a home must have plenty of room for unfettered, high-end living. Cathedral ceilings, sports courts, multiple-car garages, gyms and spas, backyard kitchens, entertainment rooms, bonus rooms, guest cottages, and private docks are some examples.

Premium materials. Quality is a defining characteristic of luxury homes. You’ll see it in the choice of materials and finishes, and the attention to architectural detail. Where premium materials once meant importing the best in the world, today’s homes may feature cutting-edge sustainable materials from local sources, including custom features handcrafted by community artisans. Today, premium materials may extend to integrating green and smart technologies as home features.

High-end design. Luxury properties stand out because they’re designed by the best in their field. Whether heritage or pedigreed, custom or new builds, luxury homes often bear the handiwork of these designers. If you browse high-end listings, some of the descriptions name-check the architectural and interior design firms that worked on the house because they are a selling point.

Upscale features and amenities. With the unique design comes a distinct set of amenities as well. Luxury homes can include specialized spaces such as a home gym, entertainment rooms, sunrooms, intelligent home features, private farms and boat docks, a private beach, bigger-than usual swimming pools, rooms with different themes, and other custom amenities. With these things in consideration, it comes as no surprise that luxury properties are priced the way they are.

10 THINGS TO CONSIDER BEFORE BUYING LUXURY REAL ESTATE IN SMITH MOUNTAIN LAKE

If the house has a private shoreline, check for water depth, erosion control, dock featuresInterested in purchasing a luxury property in Smith Mountain Lake? Here are some things you can check out with the help of a dedicated Smith Mountain Lake Realtor like Jane Horne. Let Jane and her team point out some of the best features you should be looking for when browsing Smith Mountain Lake homes for sale.

1. View
   In a place where location is already king, the view is the crowning glory. Do you want a sight of the lake with the mountains as backdrop? As a sunrise or sunset person, is there a house that indulges your preference? Does a view of the evening lake lit by the moon and the starry sky as you enjoy your wine sound appealing? The view is one of its permanent features a property may have, and your Realtor will make sure no development plans alter your priceless vista in the years ahead.
2. Slope
   When purchasing a lake property, considering the slope of the land is important. Is it flat with gentle or steep slopes? Is it safe and easily accessible for children and the elderly? Would it require you to install steps? Is the space just right, too narrow, or too wide? Would you want to have a basement and/or a driveway? Your needs and requirements will depend in large part on the type of slope the property has. Checking it is critical when touring the property.
3. Waterfront
   If you’re keen on a waterfront home with a private shoreline, you’ll need to think of the following:
   • Water depth
   • Water quality
   • Erosion control
   • Dock features

   Some waterfront property buyers will look for deep waters to dock their boats. Others may prefer shallower waters that their children can swim and play in safely. Erosion control and rip-rap installations are important but not all waterfront properties need erosion control measures. Therefore, it’s critical to work with local agents who are experts in lake luxury properties.

4. Location
   There are residential areas in Smith Mountain Lake that answer specific needs. Options include a private wooded community, a country club, access to the best spots to sail, communities surrounded by rentals or the farthest from rentals. Some homeowners may prefer being in the midst of the events and activities during high season. Others like their quietude.
5. Home style
   Look at the overall style and location of the property. Which features do you want to keep? Is there anything you’d like to remodel? Before you buy, check out the renovations you envision based on the age and structure of the home and the property’s slope, view, and waterfront.
6. Priorities
   With the beautiful homes available and charming environment of Smith Mountain Lake, it’s easy to forget the purpose of the property you hope to buy. Are you looking for a permanent home, a vacation home, or an investment rental? Keep priorities in mind when checking listings.
7. Future-proof
   Like with any real estate property, future-proofing your home is essential. Ask your agent about plans in the area. Are there going to be development projects that will obstruct your view? Or else boost the value of your property because there will be more commercial establishments nearby? Buy or pass accordingly.
8. Length of time
   It usually takes a longer time to buy a luxury property. Often, homeowners are not in a rush to sell; they may reject offers until they find a buyer that matches their price and preferences. There are also more details to be considered and finalized in a luxury home compared to a standard single-family home, for example. Furthermore, a waterfront or a lakefront property may require additional inspections by waterfront specialists to ensure the soundness of bulkheads, docks, and piers; residential structural engineers; or surveyors to determine the boundaries of the properties.
9. Required documents
   Like any big purchase, a luxury home comes with a gauntlet of requirements. Some documents you need to prepare are:
   • Bank statements
   • Tax returns
   • W-2
   • Financing approval letter
   • Pre-qualification letter

   These are on top of the usual information that the seller or the financing institution might require from you.

   Once the deal has been closed, additional documents to secure are:

   • Buyer’s-agent agreement
   • Purchase agreement
   • Addenda, amendments, and riders
   • Seller disclosures
   • Home inspection reports
   • Closing disclosures
   • Title insurance policy
   • Property deed
10. Strong resale value
    If you are looking to invest in rental homes and properties that increase in value over time, factor in the property’s resale value. Some things to look for include custom-built home features, location, and facilities. Other things that matter: wide open spaces, floor plans, amenities such as private balconies, and a home design that will not go out of style in the next few years.

BENEFITS OF WORKING WITH A SMITH MOUNTAIN LAKE REALTOR WHEN BUYING LUXURY REAL ESTATE

The journey of purchasing a luxury real estate property is an experience that is best done with an expert Realtor. What are the advantages of working with a Smith Mountain Lake Realtor?

Here are some top benefits.

Has integrity and experience

It takes a special level of experience, skills, knowledge, dedication, and commitment to thrive in the luxury real estate market. Concierge services are a given. So is personalized care. Luxury Realtors also ensure they are on top of market changes, new requirements, home trends, and developments that will impact the real estate industry.

A local Realtor is a market expert

Realtors understand the “lay of the land” on levels as described above. They can leverage their personal networks in getting the best deals for you. They can also check similar properties in the area and compare prices for active, pending, and sold listings. They provide a better overview of the local market, which will allow you to make informed decisions about your purchases.

Has access to “silent listings”

It is important to work with Realtors who get access to the best deals – especially exclusive ones. It is not uncommon for luxury agents to sell properties that are not listed publicly. It broadens the choices available to clients.

Respects your time

Expert Realtors understand your busy schedule, especially if you are traveling from a distance. They shortlist properties ahead of time so you can view them in person during your time in the area. It is important to see how prepared and organized your Realtor is early on.

Ensures privacy and security

As with any business, keeping your information safe and secure is paramount. Working with a Realtor gives you peace of mind because the details of your transaction and the personal data you provide them remain safe with systems and tools to keep it this way.

Helps you avoid common homebuyer mistakes

Some buyers are also prone to make mistakes when buying a luxury real estate property, particularly if it is their first time. These common mistakes include:

• Buying a property on impulse
• Forgetting the main purpose of purchasing the property
• Not being able to get to know the neighborhood
• Incomplete requirements and financial documents
• Choosing the wrong agent

Avoid these mistakes by being extra discerning. With a trusted Smith Mountain Lake Realtor, you can make the most out of your investment, while also enjoying the process.

What to expect in a luxury Realtor

With these benefits in mind, the next step is to find a luxury Realtor that can help you purchase your dream luxury home in Smith Mountain Lake. During your search for the best luxury real estate professional, look for the following qualities:

1. 1. Strong history of sales in luxury homes

When you buy a luxury lakefront property, your chosen Realtor must be an expert in this niche market. Jane Horne is the Realtor to entrust the purchase of your Smith Mountain Lake home. I have conducted my business in this idyllic community since 1986, overseeing transactions worth from $10 to $20 million a year, making me a consistent top producer in the area.

1. 1. Proven experience in looking after clients

I am proud of the personalized service and dedication I have consistently provided my clients. I have successfully matched clients with Smith Mountain Lake properties that perfectly match their needs.

1. 1. Certifications and achievements

Along with experience and expertise, luxury Realtors have notable certifications and memberships under their belt. They are proof of excellence, performance, ability, and skillfulness throughout the years. I am a Certified Residential Specialist (CRS), a certified Single-Family Rental (SFR) Realtor, and a Luxury Collection Specialist. In addition, I have been awarded the Fine Homes Certification, given only to Realtors who have listed and sold homes over million dollars.

1. 1. Memberships and partnerships

As a Smith Mountain Lake Realtor, I serve on the Virginia Recreational Facilities Authority as a member of the Board of Directors (a state board appointment). I am also a member of National Association of REALTORS® (NAR), Virginia Association of REALTORS® (VAR), and Roanoke Valley Association of Realtors.

If you can’t wait to step into your very own Smith Mountain Lake property, I can’t blame you. With four distinct seasons, this exceptional community allows you to enjoy the best of spring, summer, fall, and winter. You’ll never run out of things to do – whether it’s simply relaxing by the lake or experiencing the great outdoors with watersports and hiking trails.

To learn more about the available Smith Mountain Lake luxury real estate properties, you can call me, Jane Sullivan Horne, at 540.493.1690 or 800.858.4653. You can also contact me here.

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You may have, at one point, imagined you and your significant other holding hands and walking by a lakeshore under a velvet veil of stars, surrounded by the tranquil beauty of nature. If that is your kind of romantic tryst, then you can enjoy this and much more at Smith Mountain Lake.

Located along the Blue Ridge Mountains of Central Virginia, Smith Mountain Lake is the largest lake in the state (covering 82.88 square kilometers) and a popular attraction, as well. When it comes to activities, hot destinations, and hidden gems, this remarkable location has lots to offer to everyone of different lifestyles and ages.

There are many options for things to do in Smith Mountain Lake but one of its biggest draws is its various sites and activities that spark romance. Whether you’re looking for the perfect romantic setting or even if you simply need some time alone to destress, Smith Mountain Lake in Virginia has got you covered.

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TABLE OF CONTENTS

• Romance at the Lake
• Wellness x 2
• Night out in camp
• Caffeine fix with a view
• Wining and dining
• Get heady with fine wine
• Enjoy the sights
• Tee for two
• Water adventures
• Best time to visit Smith Mountain Lake
• Live the charming life in Smith Mountain Lake

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Romance at the Lake

Here are several highly recommended things to do in Smith Mountain Lake that are sure to ignite the romance factor between you and your partner.

Wellness x 2

There is no better way to unwind than through a satisfying massage appointment. Book a couple’s massage at any of the spa facilities and resorts in Smith Mountain Lake for a romantic weekend. Your partner and your stiff muscles will thank you for it.

Take your pick from some of the finest venues for health and wellness in the Roanoke Region:

Serafina Day Spa
400 Scruggs Road, Moneta

Everything offered here is all-natural from the facials to the therapeutic massage treatments. This facility is a favorite among the locals.

Southlake Spa & Salt Room
135 David Lane, Union Hall

The most distinct service offered by this wellness facility is dry salt therapy which is said to address respiratory and skin conditions, as well as fortify the immune system.

Traveling Therapy by Elizabeth Doucette, LMT
13105 Booker T. Washington Highway, Hardy

If you’re in the area of Smith Mountain Lake, particularly in Westlake, you can try Elizabeth’s therapeutic massage therapy. She has an office where she does most of her massage sessions but she can also make house calls.

True Organics Spa
130 Scruggs Road Suite 104, Moneta

This Smith Mountain Lake wellness center dedicates itself to providing natural enhancement of one’s well-being through holistic products and services at an affordable price.

Night out in camp

If you and your significant other enjoy the Great Outdoors, immersing yourselves in the breathtaking natural scenery should be on your list of things to do in Smith Mountain Lake.

Going hiking in the parks within the periphery of Smith Mountain Lake is the best way to take in the area’s beautiful scenery. The moderate, less extreme winters in this area allow you to take to the mountains even when temperatures drop. Plus, it provides more opportunities for snuggle time to keep each other warm.

Here are some of Smith Mountain Lake’s parks:

Smith Mountain Lake State Park

Apart from offering impressive trails for hikers’ and bikers’ use, this park provides overnight camping where you can cap off your day of exploring the trails with an intimate bonfire session. The state park’s campsites have in-ground grills, a fire ring grill, a picnic table, and lanterns.

Smith Mountain Lake Community Park

This community park is a must-visit for families due to its playground, picnic tables, and beautiful waterfront view. It also provides beach access and a fishing pier, offering fun water and land activities for all types of visitors.

Smith Mountain Cooperative Wildlife Management Area

While this is property owned by the local power company and managed by the Virginia Department of Wildlife Resources, it has a conservation easement that allows the public to enter and enjoy the spectacular views and the local wildlife. Hunting is also allowed here.

Now that you have a plan set, make sure to book your accommodation in any of the cabins or campgrounds here.

Caffeine fix with a view

You can never go wrong with coffee dates. Start the day, spend an afternoon chat, or have a nightcap with a cuppa Joe at the Smith Mountain Lake Coffee House. The beans used by this cafe come from local roasters and it also offers homemade pastries to go with your coffee. Enjoy your cup here while taking in the amazing lake views.

Other choice cafes in the area include:

• Old Oak Café. Great coffee, hearty meals. Just the mix to get you started on your day.
• CJ’S Coffee & Sandwich Shop. Linger here as for long as you want with your special other while sipping coffee complemented with delightful sandwiches and delectable pastries.
• Wake Cafe. Your day’s off to a good start with any of the flavorful brews from this newly transferred Smith Mountain Lake coffee place. Soft-serve ice cream is also a popular choice here.

Wining and dining

If you want to take your partner on a culinary adventure, then a food tour should be one of the top things to do in Smith Mountain Lake. You’ll delight in the gastronomic options that this area has to offer.

Smith Mountain Lake gives opportunities for you and your significant other to try something new every day. Take Diamond Hill General Store, for example. Having a meal on their patio is always a lovely experience, and it also has an adjacent gift shop where you can buy a souvenir or two of your time here. Mama Ann’s Gifts & Goodies is another interesting shop for food and gifts found in Moneta.

If you are in the mood for Italian, there’s Vinny’s Italian Grill & Pizzeria and Napoli Cowboy. If you are craving Asian cuisine, Edo Grill & Sushi and Teriyaki House are your best bets.

For a more local experience, drop by Heath’s Waterfront Grill for its amazing American-style dishes and live music on Saturday nights. The Dam Grill, another Virginia pride, is a great choice for comfort food and special cocktail drinks.

Here are other options for great food and drinks at Smith Mountain Lake:

• Liberty Station
• Clam Diggers
• Portside Grill & Bar
• Magnum Point Marina
• The Blackwater Café
• The Landing Restaurant
• Mexico Viejo Tequila Bar
• Buddy’s BBQ Restaurant

Get heady with fine wine

Catching the sunrise, chasing sunsets, and spending the whole day visiting the wineries and stunning vineyards with your loved one – add these to your list of things to do in Smith Mountain Lake for the perfect romantic day out.

As the oldest winery in Smith Mountain Lake, Hickory Hill Winery & Vineyard has gained fame for its Smith Mountain Lake Series of wines. This family-owned vineyard has seen all three generations of the Furrow family taking part in the growth of the Virginia wine industry. Their Hickory Hill Wine Club gives its members first dibs to its small-batch wines, access to library wines, and invites to Wine Club-exclusive events. Hickory Hill also hosts general admission events, such as Sunset Saturdays from April to October.

Down the road is another distinguished SML winery, Ramulose Ridge. It is home to award-winning estate-crafted wines that you and your special someone can enjoy while taking in the wonderful scenery. This vineyard’s 2,200-square-foot rental space is also the perfect spot for special events.

In Bedford, stop by Peaks of Otter Winery at Johnson’s Orchards for a picnic date with a bottle of wine. Several exciting events are held on this lovely family farm in the Blue Ridge Mountains, including the Horse & Hound Wine Festival and the Blossom to Bottle 5k run and 3k walk. The old homestead here was converted into Elmo’s Rest, a vacation rental where you and your partner can spend a night or two in the quiet tranquility of rural Virginia.

Complete your winery hop with these other establishments in and around Smith Mountain Lake:

• Brooks Mill Winery
• Fables & Feathers Winery
• AmRhein Wine Cellars

Enjoy the sights

Looking for a comprehensive list of things to do in Smith Mountain Lake to amp up the romance without the stress of plotting out the arrangements? Then find a local tour to maximize your Smith Mountain Lake experience.

For a great day spent cruising the waters of Smith Mountain Lake and enjoying the natural scenery, wildlife, and local landmarks visible from the lake, arrange a schedule with Virginia Dare Cruises and Marina and come aboard the Virginia Dare. For something more land-based, the marina is where you’ll find Portside Grill & Bar, Smith Mountain Lake’s only grill bar by the water.

You can also arrange for a Smith Mountain Lake date from a unique perspective! SML Aviation, a flight school at the Smith Mountain Lake Airport, offers sightseeing tours for two to three passengers. You can savor amazing views of Smith Mountain Lake and the local area during your 30-minute flight and give your partner an experience they will never forget.

Tee for two

For couples with a passion for golf, take to the fairways of Mariners Landing where members of the exclusive Mariners Landing Country Club can play their favorite sport on the venue’s impressive 18-hole championship golf course. The Club also offers other amenities such as a clubhouse and a wellness center.

In Hardy, you and your partner can tee off in Copper Cove, a premier public golf course that offers a challenging layout over 6,511 yards of terrain. The course was designed by prolific golf course designer and Virginia native, Russell Breeden.

Another golf course to visit in the periphery of Smith Mountain Lake is Sycamore Ridge Golf Club in Goodview, an 18-hole course designed by Dick Sowers.

For a more relaxed setting, you and your partner can try Harbortown Miniature Golf. This course is found on top of the boat docks in Bridgewater Plaza, Moneta.

Water adventures

There is no shortage of water-based activities in Smith Mountain Lake that you and your partner can enjoy. Here are some of them.

Marinas and boat rentals

Go to Bridgewater Marina to make the most of your lakeside vacation for two. Rent a boat here, either for a slow and steady sail or for an adrenaline rush. Bridgewater Marina is among the top boat rental providers in Smith Mountain Lake, having one of the largest boat rental fleets in all of the US.

If this will be your first time to go sailing, you and your partner can learn to navigate the waters at Smith Mountain Lake Sailing School. In addition to sailing lessons, the said school also offers sailboat rentals and half-day charters.

Other public marinas and boat rental facilities in Smith Mountain Lake include:

• Parkway Marina
• The Dock at SML
• Mitchell’s Point Marina & RV Park
• Crazy Horse Marina
• Gills Creek Marina & Lodge
• Bridgewater Marina
• Smith Mountain Wake Company

Fishing

Smith Mountain Lake is a fisherman’s paradise. The lake is abundant with striped bass, smallmouth bass, largemouth bass, as well as crappie, catfish, and muskellunge. Bass fishing news source Bassmaster hailed Smith Mountain Lake as among the top 20 bass lakes in the U.S.

Do note, though, that fishing in Smith Mountain Lake requires a Virginia State Fishing License. You can easily acquire this online at the Virginia Department of Game and Inland Fisheries or buy one at the Kroger store at Westlake.

Once you have your license, you’re ready to spend the day catching fish with your partner. For something more competitive, you can ask for assistance from fishing guides who can help you to catch game fish in the lake. Guided fishing trips in SML are available with South Valley Anglers. They can take you to the best coves and fishing spots.

Find your fishing guide here:

• Hartmann Guide Services SML
• Spike’s Prime Time Fishin’, Inc.
• Stone Mountain Guide Service
• Kenny’s Striper Guide Service
• Patriot Fishing Charters
• Smith Mountain Lake Fishing Guide Service

Best time to visit Smith Mountain Lake

Smith Mountain Lake has generally temperate weather due to its central location along the East Coast. This and its small-town neighborhood atmosphere make Smith Mountain Lake a pleasant place to visit any time of the year. Who knows, the lovely surroundings and the warm smiles of residents you encounter may just be the things to convince you to stay here for good and chart a new future with your significant other here.

While Smith Mountain Lake offers an abundance of activities and attractions you can enjoy in any season, summertime will always be the best time to take to the shores of Smith Mountain Lake. This is the time when the waters of the lake are most inviting and you’ll be able to savor all the activities offered here under clear skies and perfect weather. Spring can also be an ideal time as this is when the wildflowers in the area are in full bloom, covering the landscape in a burst of colors.

Live the charming life in Smith Mountain Lake

Smith Mountain Lake is the ideal romantic getaway as you and your partner will never run out of things to discover and appreciate here. Moreover, real estate opportunities here await that will allow you to either visit here more often or settle here for good.

There’s a wide range of properties found in Smith Mountain Lake, a good number of which sit by the waterfront. Imagine yourself waking up every day to the cool lakeshore breeze and the beauty of nature all around you – this is the kind of life that awaits you when you decide to purchase a home here.

As a Smith Mountain Lake resident myself and with an established real estate background borne on my 28 years of experience as a local Realtor, I am dedicated to helping you find the perfect SML home. I am Jane Horne, your award-winning Smith Mountain Lake real estate specialist! Let me assist you in your SML home-buying journey to make your experience a breeze. From recommending best things to do in Smith Mountain Lake to finding you the home that best fits your lifestyle and requirements, you can rest assured that I’ll be here to guide you every step of the way. I’m just a call away at 540.493.1690 or 800.858.4653. You can also email me at Jane(at)JaneAtTheLake(dotted)com to get started.

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Thinking of renting out your home, or buying investment property at Smith Mountain Lake? Both are great ideas, especially since Smith Mountain Lake – or SML as we locals call it – is Virginia’s most celebrated lake. Boasting over 20,000 acres of freshwater and 500 meters of shoreline, SML is filled with real estate possibilities.

Every summer, tourists flock to this part of southwestern Virginia. They indulge in water sports like swimming, fishing, and boating. We also have our share of hikers, campers, and golfers out to appreciate Mother Nature at her best. In fact, the pandemic hasn’t slowed down local tourism. At the start of the peak season in 2021, rentals and recreational facilities were already almost fully booked until August.

AT A GLANCE:
How to turn your Smith Mountain Lake home into a successful rental

• Reasons you want to turn your house into a rental
• Short-term or long-term rental – Which is better?
• Does your community allow rentals?
• Costs of a running a rental
• Making impactful improvements
• How to price your rental property
• Writing a lease agreement
• Why you need landlord insurance
• Hiring a property manager
• Finding the right tenant
• Local landlord-tenant laws in Virginia
• Pros and cons of managing a rental

Reasons you want to turn your house into a rental

Before taking on any new venture, it’s always best to ask why you want to do it. Your motivation will shape your next steps and how you will carry them out.

Here are some reasons why you may want to convert your home into a rental:

• You’re relocating but not yet ready to sell your house.
• You want to boost your income and/or retirement funds.
• It’s a smart way of letting your property appreciate, while letting tenants subsidize costs.
• You want to use the rent to finance your mortgage. However, you need to read the Occupancy Clause of your lending agreement for this one. Most mortgage companies require you to live a certain number of years in your property before you can rent it out.

Short-term or long-term rental – which is better?

Vacation rentals in SML are available by the week, a long weekend, and the month. During peak season, visitors are usually required to rent property for at least a week. Deciding to make your rental short-term or long-term depends on your goals. Both scenarios have advantages. For explanatory purposes, let’s define short-term rentals having an occupancy period of one month or less.

Short-term rental advantages

• Access to your property whenever you want
  Because your tenants stay in your property for a limited amount of time, you have the freedom to use your rental for personal vacations.
• Less wear and tear for your property
  Short-term rentals are exposed to less deterioration. In between occupants, you can do maintenance and general cleaning – the costs of which can be added to the rental fee. With the continuous replacement of occupants, you can better keep track of things that need repair before they worsen.
• Frequent adjustment of rental fees
  Unlike long-term rentals, you can raise prices in between tenants. You can base this on the real estate market and tourist season. For instance, you can decrease the rental fee during the low season, and charge higher rent when tourists come pouring in.
• Easier dealings with unsatisfactory tenants
  Let’s face it: you can’t have ideal tenants all the time. On a short-term basis, you don’t have to endure unpleasant occupants for long.
• Possibly higher income
  Short-term rentals require higher maintenance costs. But with a hot vacation spot like SML, you can easily offset those expenses with higher rent.

Long-term rental advantages

• Steady income source
  Once you find tenants for your long-term rental, you are assured of income. With short-term rentals, you constantly have to market your property to secure your returns.
• Occupants shoulder utilities
  Long-term renters typically pay for their use of electricity, water, and sewer. As a result, they are more conscious about conserving these resources. On the other hand, short-term renters tend to be more liberal with utility usage, which leads to higher costs.
• Simpler maintenance
  With long-term rentals, you don’t have to spend as much time, money, and effort on property management and maintenance. Because tenants know they will be living in the property for a long time, they usually resolve minor home issues on their own.

You also have the option of operating your SML vacation rental on a mix of short-term and long-term. Take advantage of the peak season by offering your property as a short-term rental to boost profit potential. But when the slow season comes, rent out your vacation home on a long-term basis.

Does your community allow rentals?

efore jumping on the rental bandwagon, it’s best to check your community’s rules on renting. Some homeowners’ associations (HOAs) have specific policies for short-term and long-term rentals. You may be required to acquire a license or a special permit, or pay regular fees.

Other HOAs restrict tenants to minimum (or maximum) lengths of stay. A local agent or Realtor can guide you in these rules. After all, you don’t want to be subjected to costly penalties.

Costs of a running a rental

As a rental owner, you need to watch out for expenses. The rental business has lots of hidden charges, which you may forget to factor in. Remember to include even the small costs to determine how much you will charge renters. Here are some basic expenses for a rental investment:

• Marketing
• Repair and maintenance
• Property taxes
• Homeowners’ association dues
• Insurance
• Mortgage fees
• Utilities
• Vacancy period

Your rental income should be enough to at least cover these costs. Still, you don’t want to just break even – you need to make a profit. To make sure your price is current, stay abreast of real estate market changes. Remember to set aside funds for unexpected costs such as emergency repairs.

Making impactful improvements

Renovating your home will surely make it more eye-catching, but it will also pile onto your costs. The key to a practical upgrade is to make minimal improvements that have maximum impact. Here are some examples:

• Give your home a thorough cleaning
  Cleaning is one of the cheapest ways to improve your home. It gets rid of unwanted odors, which potential renters notice right away during open house. With a few household products, you can refresh your property’s look.
• Replace outdated furnishings
  You don’t need to replace furniture to pep up your rental. Sometimes, it’s all in the details. Closet handles, for instance, or rugs and seat covers. You’ll be surprised at how these small and affordable improvements can freshen up your home.
• Repaint
  A fresh coat of paint is every landlord’s go-to solution for home improvement. When choosing a color for your walls or exterior, stick to neutral colors, so you can better attract a wide variety of renters.
• Go for curb appeal
  A tasteful sprinkling of potted plants can give your rental a homey feel. Just pull out the weeds, mow the lawn, and clear the rain gutters. Remember to keep your frontage clean to make it look inviting.

Simplify improvements to boost both your home’s value and your future gains. Concentrate on areas that hook renters’ attention such as the front yard, living room, and the main bedroom. Once you’ve finished your upgrade, have a professional take photos and videos, which you can use for marketing.

How to price your rental property

There are several factors that affect rental rates. Here are some ways to help you determine how much to charge your tenants:

Use your home’s value
Try this classic formula from seasoned investors: set your rent from 0.8% to 1.1% of your home’s value. Smith Mountain Lake home rentals range in value from $68,000 to $11 million. So, if your home is worth $300,000, you can price your monthly rent between $2,400 to $3,300.

• Use an online rental property calculator
  Though it’s not wise to completely depend on online calculators, this can give you a ballpark figure on your rental price. Choose rent calculators that factor in loans and other costs to give you the closest estimate possible.
• Study the real estate market
  How much does your home sell for in the current market? This may affect your monthly rental fee. Also, consider the changing demand for rentals. During a sluggish economy or off season, lower your price to entice renters.
• Compare with similar rentals in your area
  Online resources like Zillow and Craigslist can give you an idea of rental prices in your area. Make sure to focus on properties similar to yours in size, features, amenities, and location.
• Consider your location
  Lakefront rentals have higher values because of the view. Is your property in a convenient location near eateries and grocery stores? The more accessible or scenic the location, the higher the rental price.
• Take note of your amenities
  Tenants are willing to pay extra for additional comforts. Some of these include parking, laundry facilities, free internet, and storage space.
• Think of your goals
  When pricing your rent, think of what you want to get out of this venture. Do you want your rental income to secure your retirement? Or do you just want it to subsidize your mortgage? Remember that maintenance costs eat into about 15% to 20% of your projected rental earnings.
• Consult a professional
  Real estate agents and Realtors are trained to give more accurate appraisals of your property. Make sure to hire professionals knowledgeable about your location. Their wide network and skills will teach you how to price your rental property.

Writing a lease agreement

The Virginia Residential and Landlord Tenant Act (VRLTA) requires landlords to provide renters with a written lease. A lease agreement is a contract that lists the terms between you and the tenant.

Aside from the rental fee, here are some things you can ask yourself, which can guide you in drafting a lease:

• How many people can live in your rental?
• Will you allow pets?
• Who will be responsible for maintaining the yard?
• Who will pay for garbage pickups?
• What are your rules for neatness?
• When can you, the landlord, enter the home? According to the VRLTA, you must give tenants 72 hours’ notice of entry. However, if your renter wants something fixed, you don’t have to give advance notice.

Operating a rental is a business, so treat it like one. Hire an attorney to help you write your lease to make sure it is comprehensive and legal.

Why you need landlord insurance

Landlord insurance protects your property against loss or damage. But it also covers liabilities, like paying for medical and legal expenses for someone who is injured within your property. The reason you pay 15% to 20% more for landlord insurance than homeowners’ insurance is because the former cushions you against financial costs due to your rental’s vacancy.

Depending on your needs, you can purchase additional coverage for these issues:

• Failure of tenant to pay rent
• Floods
• Emergency repairs
• Additional construction due to damage
• Damage done by another person (e.g. vandalism)
• Changes in the building code
• Damage caused by burglary (e.g. smashed windows)

To get the most out of your coverage, explore insurance bundles. This way, you protect yourself from a variety of risks at a lower price or under just one contract. Landlord insurance is necessary if you don’t want to worry about where to get the money for unforeseen emergencies.

Hiring a Realtor or property manager

You may be too busy to manage your rental, or you may live too far away from your property to be a hands-on landlord. Either way, it may be more practical for you to hire a Realtor or property manager, who can oversee your rental property (and more) in your place.

The duties of a property manager include:

• Setting the rental price
• Touring potential renters
• Finding the right tenants
• Taking charge of repairs and regular maintenance
• Collecting rent
• Accomplishing paperwork
• Ensuring that your rental business stays lawful
• Checking up on tenants
• Assisting in the eviction process

But even if you’ve hired a professional, you still need to know your landlord duties. This helps you monitor the performance of your Realtor or manager.

Finding the right tenant

Finding the ideal tenant can take time, but it’s well worth the effort. Especially for long-term rentals, you need trustworthy occupants that regularly pay rent while caring for your property. During the screening process, provide application forms which you can also post online. These should require the following information from interested renters:

• Name
• Date of birth
• Social Security number
• Phone number
• Most recent address
• Employment (past employers and duration, current company, salary, employer’s contact info)
• Consent to gather or release information
• Signature

During the final screening stage, it’s wise to seek a professional who can help check out the potential tenants’ background and credit. The rule of the thumb is that tenants should earn at least thrice your rental price, have good references, and a steady job for at least a year.

Local landlord-tenant laws in Virginia

Legal problems can get expensive, which is why you need to know the laws of the state where your property stands. The Virginia Residential and Landlord Tenant Act (VRLTA) applies to most home rental properties in Virginia. These are some of the important points to remember:

• It’s against the law to turn down tenants because of their race, color, religion, national origin, sex, age, familial status, disability, source of funds, sexual orientation, gender identity, or military status.
• In other states, you usually need to secure a permit to turn your residential property into a rental. However, Virginia laws consider home rentals as a business. This means that you’re required to have a business license before admitting tenants.
• A Statement of Tenant Rights and Responsibilities must be signed by both renter and landlord, rendering it immediately effective. The landlord must provide the tenant a copy of this together with the lease agreement within a month after signing.
• Before tenants move in, they should get specific information from you such as:
• The use of lead-based paint in the property
• Evidence of mold
• Faulty wallboard
• Proximity to military facilities, which may cause noise and possible accidents
• Names and contact information of people who manage the property
• As a landlord, it’s your duty to ensure that:
• The rental stays fit and habitable. Its structure must be sturdy and equipped with plumbing, electrical, sanitary, and water systems.
• Tenants feel safe and secure in their home.
• You’re always available to make basic repairs.
• You can charge security deposits equivalent to two months’ rent or the same value in damage insurance.
• You may evict tenants who have breached the lease agreement through criminal offense.

Pros and cons of managing a rental

Always jump into business with eyes wide open. To do this, you should first know the pros and cons of your decision.

Cons

• Renters causing your home to devalue because of irresponsible use
• Spending time and money on unexpected repairs
• Setting aside funds for annual taxes, insurance, property maintenance, and vacancy
• Dealing with difficult tenants
• Rental fee being affected by the fluctuating real estate market

Pros

• Regular income potential
• Earning while your property appreciates in value
• Tax deductions on:
• Home depreciation
• Repairs
• Utility expenses unpaid by tenant
• Travel expenses when visiting property (gas, cab fare, parking fee, etc.)
• Court and attorney fees

Simply put, a rental property can be a great source of income, especially if your home is in an ideal location. Despite the ups and down of the economy, real estate is always marketable because people will always need a place to live.

To ensure that your Smith Mountain Lake rental is primed for success, hire the right experts to minimize business risks.

I’m Jane Horne. For over 30 years, I have specialized in Smith Mountain Lake real estate. From buying and selling homes to setting a rental price to navigating local laws and managing your property, I can guide you in the unique aspects of your business.

Let’s talk it over at 540.493.1690 or 800.858.4653. You can also reach me at Jane(at)JaneAtTheLake(dotted)com.

MORE
Making your Smith Mountain Lake home pet-friendly
The benefits of owning property in Smith Mountain Lake

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This magnificent, 5-bedroom lake estate located in The Water’s Edge has been recognized as one of “The Fabulous 5 Homes of SML” and exemplifies ideal lake living in Smith Mountain Lake. View here for details.

Smith Mountain Lake is one of the premier communities in Virginia. With luxury townhomes developed around the lakefront giving easy access to water activities, it’s certainly the perfect vacation destination.

Known as SML to the local community, there are many benefits to owning property here. It’s a great place to invest in real estate, as it’s not only a wonderful community to live in, but also host to peaceful summer getaways.

Owning homes in the area enables you to:

• Use it for yourself
• Rent it out to regular visitors.

There’s a roster of year-round activities and events at Smith Mountain Lake, which is sure to bring in people, whether or not it’s tourist season.

The benefits of investing in Smith Mountain real estate

If you’re curious about investing in property outside of the city, here are a few advantages you might not have considered in owning real estate in the country.

1. A more relaxed lifestyle. Whether you’re interested in buying property for yourself or to lease, there’s no question that time away from your jampacked day-to-day lives is a privilege often reserved for those in the countryside. Smith Mountain Lake is such a place where you can take your time, enjoy the outdoors, and get to know the locals.
2. More land and space. Not only can you stretch your legs and run free, you’re sure to have a bit more privacy than you would if you lived in the city. Having more space between you and your neighbors is a benefit almost exclusive to countryside properties.
3. A sense of community. Busy as cities can get, it can be more of a challenge to get to know your neighbors and form a connection with them. In smaller towns, you get a chance to be familiar with the area and the people who live there.
4. Be closer to nature. While smaller towns are still a developed realty, they’re generally much closer to nature than bigger cities. It can be as simple as finding the nearest state park and hiking for the day, or – as is the case with Smith Mountain Lake – getting on a boat and spending the afternoon bobbing on pristine waters.
5. Less pollution and traffic congestion. Naturally, being away from the concrete jungle makes for much less noise and air pollution, as well as heavy traffic. Experience the great outdoors in Virginia, learn about its history, hike its rolling hills, and rejuvenate before you get back to your busier days.

Perks unique to Smith Mountain Lake

Buyers thinking of purchasing lots in Smith Mountain Lake are sure to have these benefits, along with its own particular set of perks unique to its community:

1. An easy getaway from Roanoke, Lynchburg, and Richmond
   Nestled right in between the busy cities and the country, Smith Mountain Lake is an easy escape from the hustle and bustle, where you can enjoy a relaxing waterfront view and explore gorgeous mountains, all only an hour away from Roanoke and Lynchburg, and three hours away from Richmond.

 

2. Access to freshwater activities
   Created in 1963, Smith Mountain Lake is a large reservoir, impounding the Roanoke River to generate hydroelectric power through the dam. Since then, the area has grown into an upscale lakefront community with high-end homes, retail and commercial developments, and a host of recreational facilities. Rent or use your personal watercraft to enjoy water and jet skiing, wakeboarding, parasailing, fishing, sailing, and cruising around the lake.

 

3. Access to land-based activities
   When you start to miss dry land, there’s also a wide variety of activities to enjoy in the area, such as golf courses – which are prime attractions at Smith Mountain Lake – with two private and three public and semi-private locations, health and fitness centers, movie theaters, museums, and restaurants.

 

4. Access to lifestyle and recreational options
   At Smith Mountain Lake, there are recreational and lifestyle options tailor made to your interest. Here are a few of them:
   • The Water’s Edge Country Club is located in a lakefront community, featuring an 18-hole golf course, tennis, swimming, fitness facilities, as well as boating, fishing, and horseback riding. The property has a number of locales all hosting luxury townhomes, as well as a condo development, with access to the water and a stunning view of the Blue Ridge Mountains.
   • The Waterfront Country Club serves world-class experiences to both Waterfront and Smith Mountain Lake residents. Its 750 acres of land, with approximately 8.5 miles of shoreline, provides you with a wonderful vista of the lake. While the community realty itself is impressive, you also have access to state-of-the-art facilities for health and fitness, golfing, and banquet rooms and bar lounge.
   • The Cottages at Contentment Island is a luxury development with only 62 waterfront homes. The exclusive community has access to gorgeous properties, a swimming pool, tennis courts, and water activities at the lake.
   • Franklin County Parks: Smith Mountain Lake Community Park Beach is a 37-acre recreational space hosting families since 2007. They are open daily from dawn to dusk, with 1.7 miles of walking and hiking trails, picnic areas and grills, a playground, a swimming lane, and beach access to the lake. It’s a peaceful place perfect for an easy afternoon in nature.
   • Blue Ridge Parkway has historical, cultural, and agricultural significance. Covering a 469-mile road through Virginia and North Carolina and spanning the southern and central Appalachian Mountains, it receives millions of visitors every year thanks to its picturesque landscape and remarkable heritage. Throughout the Parkway, there are historic stops and towns, cultural centers and tours, and farmers’ markets selling locally sourced produce grown using refined Cherokee techniques.
   • White Rock Vineyards and Winery is a short drive away from Smith Mountain Lake. This family-owned and operated enterprise in Bedford County started in 2000 and now features breathtaking views along with its introductory wine seminars and vineyard tours.
   • Smith Mountain Lake State Park is a 1,148-acre park located on the north shore of the lake. Opened 20 years after the lake’s creation, the park features a recreational area for water activities, along with camping, picnicking, and hiking facilities.
   • Smith Mountain Dam Visitors’ Center makes the lake what it is and features an incredible view of the lay of the land. Take a tour of the center and learn about the dam’s history and how it generates electricity sustainably.

 

5. Access to local events and festivals
   The thriving community at Smith Mountain Lake knows how to showcase their best. Regular events and festivals become occasions to remember for the array of products and services the community provides.
   • Take the Smith Mountain Lake Wine Festival.  The intimate gathering Lee Tucker and Phil Hager started in 1989 to appreciate Virginia wine with fellow local wine lovers has become one of the largest and most popular events in the community. The venue may change every few years or so, to make sure there’s ample space to accommodate the growing number of visitors, but each site calls attention to more of the lake’s breathtaking scenery.
   • The Annual Antique & Classic Boat Show is hosted by the Smith Mountain Lake Chapter on the third weekend of September to promote the restoration and preservation of the historic boats, as well as promote boating on the lake. For boat owners and enthusiasts alike, it’s a chance to get to know your peers and display your own watercraft.
   • Every year on Columbus Day weekend, the community hosts the Smith Mountain Lake Charity Home Tour, a fund drive to support the critical services in the region. There are eight beautiful lakefront properties opened to the public for the tour. Volunteers and homeowners show guests around and point out the finer details of each house. The funds raised during the event supports the participating charities and their beneficiaries.

 

6. he opportunity to set up a vacation house for rent

   

   Purchasing a home in a popular vacation area means you can open the property for rent, particularly when it’s not in use. Like any investment, there are pros and cons to owning rental property. Fortunately, there are plenty to discover and experience in Smith Mountain Lake, making it an important vacation destination for years to come.

   Here are a few things to keep in mind when you invest in a property at Smith

   Mountain Lake:

   • Plan each step, and then some. Make sure your finances are in order, determine what your requirements and preferences are for the property, and get to know the neighborhood and the locale. Better yet, consult with a real estate expert familiar with the area. Let them show you around and assist you in preparing for your sizable investment.
   • Evaluate the properties. If you’re interested in property near a lake, you may want to consider whether you’d like one close by or along the shoreline. After all, it’s sure to be a fantastic view that you and your guests can enjoy. Decide on how long you’ll keep the property, how much you may want to expand it, and calculate its future value should you choose to sell it.
   • Get to know your potential investment. Prior to your final decision, learn the specifics of keeping your waterfront property well maintained, including making sure water levels and accessibility are manageable. Aside from the upkeep, make inquiries typical to buying any home. Knowing the ins and outs of the residence prepares you for any improvements or renovations you may want to make once it’s turned over to you.

 

7. The opportunity to scope your future retirement home

   

   The leisurely pace of the countryside makes for the perfect retirement destination. Smith Mountain Lake has all this waiting for you as soon as you retire. This is especially true for those with an enthusiasm for all kinds of watersports and a preference for the best that Virginia has to offer.

   Here’s what awaits when you retire in in Smith Mountain Lake:

   • Open air and spectacular scenery. Space to breathe is a luxury especially in surroundings that are naturally vibrant and lush. Along with a storied past, a unique culture, and many desirable neighborhoods, Smith Mountain Lake is a haven that’s perfect for your retirement.
   • An engaged retirement. With a wide selection of events and activities year round, there’s plenty to keep you entertained and engaged. You can also volunteer for the many organizations in the community, start a new business, spend your days sailing and fishing, or make your way through the golf courses in Smith Mountain Lake.
   • Easy access to amenities. Don’t let the “country” fool you – every amenity and service you need to live well and comfortably are in Smith Mountain Lake. For other pursuits,  Roanoke is less than an hour’s drive away, along with other metropolitan cities in the region

There’s something to be found for everyone in Smith Mountain Lake and its wonderful community. Find more information about its local culture, primary residences, investing in second homes, as well as vacation rentals from Jane Horne’s previous blog posts:

• Before investing in lakefront property, ask these questions
• Guide to buying a luxury home in Smith Mountain Lake
• The Best of Smith Mountain Lake Shopping: 2021 Edition
• 15 wineries, breweries, and distilleries in Smith Mountain Lake

What’s Smith Mountain Lake’s housing market like?

For first-time homebuyers, it’s likely to be challenging looking for the property of your dreams, especially in today’s market where there are more buyers than sellers. Listings that are just a few days on the market are quickly inundated by multiple offers, delaying the home buying process for those who lose out to winning offers. With the pandemic prompting the move from big cities to smaller towns, expect a more competitive market.

While these factors are also applicable to the Smith Mountain Lake housing market, in April 2021, the median listing price of a home in Smith Mountain Lake was close to $260,000, an 8.5% increase year-over-year. So if you’re looking for listings of single-family homes, condos, townhomes, or lots, there’s a modest selection for you to choose from.

As of mid-2021:

• Single-family homes sold for 98% of their list price less than two months after being listed.
• Condos and townhomes sold an average of 99% of the list price after less than a month on the market.
• For land, the average price for lots was at 88% of the list price but stayed on the market for longer than a year.

The state of real estate is constantly shifting – especially at these unprecedented times. Be sure to adjust as needed when you finally find a property that matches your needs.

Explore Smith Mountain Lake’s neighborhoods and get to know what makes each of them special.

• The Water’s Edge is one of the most luxurious places, as a country club community with its own Equestrian Center and the 18-hole PGA Championship golf course designed by R.F. Loving, Jr.
• The Waterfront stands out as the first of its kind in the area, occupying an expansive 750 acres comprising world-class amenities, including their 18-hole PGA Championship golf course designed by George Dillon. Buyers will find a wide selection of listings they can choose from, at price points ranging from $120,000 to $320,000.
• South Harbour is a 100-acre neighborhood, particularly recommended for those who want to avoid the crowd. It’s quite exclusive, with only 40 one to one-and-a-half acre lots, of which 28 are prime waterfront properties.

There’s more to discover in Smith Mountain Lake. Learn more information about the different neighborhoods with community resources here.

What to consider when choosing property in Smith Mountain Lake

A recently sold estate in Smith Mountain Lake

Smith Mountain Lake is one of the top places to live in Virginia, with spectacular scenery, a peaceful atmosphere, access to both mountains and lake, along with the idyllic community to enjoy the area’s year-round roster of exciting activities. Being the “Jewel of Blue Ridge Mountains,” Smith Mountain Lake has been a favorite of tourists year after year.

If you’re considering buying property in Smith Mountain Lake, here’s what you should keep in mind in your search for your next big investment:

• Set your goals for the property
  Whether you’re planning to buy a waterfront property or a luxury condo, where you can live or rent out to the tourists, it’s important to know what’s motivating your investment. Have a list of goals on hand when you peruse the listings available in your preferred area. This can include information on pricing, land size, distance from amenities, and the property’s features. Knowing these details can help keep you on track for when there’s too many details and options to take into account.
• Be prepared to adjust on the fly
  Smith Mountain Lake is host to many luxury homes and fun events and activities, and its proximity to metropolitan areas makes it a premier destination for both visitors and potential buyers. Your search for the perfect home in the area may take as little as a month to as long as a year, depending on the market. With this, be sure your shortlist of properties is within your budget – but you may have to decide quickly on whether to make an offer or not – and make certain you’re in this for the long haul.
• Partner with the right real estate professional
  Purchasing property is one of the most significant decisions you’ll make, so be prepared for a laborious process. Working with a real estate agent who can assist you comes highly recommended, particularly if you’re a first-time buyer. Consult with a professional who is familiar with the area you’re interested in, and have them show you around. This gives you a chance to gather information on the community as well as find the best deals for the top properties.

A one-of-a-kind community in the beautiful countryside

Having lived in Smith Mountain Lake for over 20 years, I, Jane Horne, can certainly vouch for its family friendliness, a magical area made for raising kids. There’s always something new to discover, while also adjusting to the slower pace of life in the country.

For me – and I hope, many of you are considering a move to Smith Mountain Lake – this community is close to my heart, and I’d love to introduce it to you. My local expertise and knowledge of the housing market can help you achieve your real estate dreams.

Reach me today through this form or give me a call at 540.493.1690 to learn more about Smith Mountain Lake.

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As one of the most popular holiday destinations in tourism-rich Virginia, Smith Mountain Lake offers fantastic real estate investment opportunities.

While there are a number of hotels here, vacation rentals are highly in demand. They are preferred by many holidayers for the privacy and exclusivity they provide, the relatively more affordable costs especially for big groups, and the greater freedom to come and go as they please.

When investing in a rental property in Smith Mountain Lake, it’s important to choose the right property with great access to the beautiful lake and the other attractions in the area.

You can also enhance your rental’s desirability by offering features that can make your customers’ stay more pleasant and enjoyable. One of the features that can bring in more guests is pet-friendliness.

To many pet owners, their furry friends are important members of the family, and that means taking them along on family vacations. When they do, they want to make sure Fido or Tabby has a comfortable and enjoyable stay along with everyone else.

Table of Contents:

• Smith Mountain Lake is a pet-friendly destination
• The benefits of making your rental property pet friendly
• The disadvantages of a pet-friendly rental property
• Adding a pet policy to your rental agreement
• Pet-proofing your SML vacation rental
• Find the perfect Smith Mountain Lake property to invest in

Smith Mountain Lake is a pet-friendly destination

Smith Mountain Lake is the perfect getaway for pets and their humans. Dogs are welcome to play in the water and on the beach, or go on long hikes with their owners on the area’s scenic trails. All state parks in Virginia, including the highly popular Smith Mountain Lake State Park, are open to pets. There are also many restaurants in the area that welcome four-legged guests, especially lakeside establishments with outdoor seating.

Many hotels and vacation rentals in SML are pet-welcoming, so if you want to attract a good chunk of the market, making your property pet-friendly is a sound decision. To give you the added edge, you can even offer services that will make Fido or Tabby extra happy, and with that, make their humans happy too.

The benefits of making your rental pet friendly

1. You’ll attract a wider pool of renters

Pet ownership in the United States has always been high and has been rising in the past few years. Moreover, pet owners have been spending more and more on their animals, including in pets’ travel and accommodations. By making your rental pet-friendly, you can take advantage of this growing trend and attract renters who are willing to spend more to travel with their animal friends.

A 2018 study by Pawlicy.com found that around 57% of households in the country include at least one pet, with dogs as the most popular household animal, followed by cats.

In a 2018 study conducted by the American Pet Products Association, it was found that Americans spent $62 billion on their pets, including $6.2 billion on services like pet grooming and accommodations. The same study found that about 37% of pet owners take their pets with them when they travel.

As a result, the number of hotels allowing pets has been increasing, along with pet-friendly listings in short-term rental platforms like Airbnb and Vrbo.
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Virginia is a pet loving state with around 55.5% of households having pets.
Its next door neighbor, West Virginia, leads the pack of states with the highest pet ownership, with around 70.7% of households owning a pet.

Other neighboring states, such as North Carolina, South Carolina, and Maryland also registered high pet ownership rates. Since residents in nearby areas are more likely to travel to SML for a quick getaway, making your rental pet friendly gives you a competitive edge in this large market segment.

2. You can earn additional income

A pet-welcoming policy offers the potential for additional income. Many pet-friendly rentals charge a pet deposit, a part of which may not be refunded. The deposits can help you pay for the cost of any damages caused by four legged guests, but any unused non-refundable amount can be extra income for you.

In many properties, guests who bring their pets are charged a higher rate. Alternatively, the pet may be charged as an extra guest, especially if it’s a large animal.

Many pet owners understand and are willing to pay these extra costs, particularly since leaving their pets with a sitter or a boarding place will likely cost them more. Several studies have also shown that pet owners are generally wealthier so they have the means and the motivation to pay more for pet-friendly lodging.

3. You can earn loyal customers

Pet lovers appreciate hosts and rental owners who welcome their fur babies. Since it can be difficult to find pet-friendly accommodations, they tend to book the same property in their next visits to the area, especially when they’re satisfied with their experience the first time around. Many are more than happy to leave a good review, which can help boost your reputation and influence other renters to choose your property.

4. You can potentially get more bookings during off seasons

According to several studies, both demographics are more likely to own pets and bring their furry families along on vacations. Making your rental pet friendly will increase your chances of getting booked by these off-season travelers.

The disadvantages of a pet-friendly rental property

While welcoming pets into your vacation rental has a ton of potential benefits, it also has its disadvantages.

1. You may have to spend more on repairs and maintenance

A pet-friendly policy can potentially give you more income, but it can also add to your expenses. It’s not always possible to keep pets from damaging the property, such as scratching the walls or floors, breaking appliances and decors, or staining the carpets. You may need to spend extra on repairs, and certainly need to spend more in cleaning and sanitizing the property to deodorize, remove pet dander and pet hairs, and ensure it’s free from tick and flea infestation.

This is why it’s important to ask for a pet deposit or charge more for pet accommodation. Come up with a reasonable figure that will cover the additional expenses and any likely damage – and throw in a little extra for the value-added service. You’ll be happy to know that most pet owners are responsible individuals who hold themselves accountable for their furry family members and their behavior.

2. A pet welcoming policy may turn away non-pet guests

Even when you keep your property spotless and well-maintained, non-pet guests may have a different idea of what a pet-friendly vacation home is like. They might think pet odor, scratches on surfaces everywhere, pet hairs, and other unappealing images. People with allergies to pet dander – about 15% of the population – will also likely stay away from a pet-friendly rental.

Perhaps there’s little you can do to change the mind of those who are determined to avoid pet-friendly properties. But to many non-pet owners, a pet-welcoming policy does not factor that much — if it does at all — into their choice of rentals.

The important thing to remember is to advertise your property as pet-friendly to avoid complaints or conflicts with non-pet guests who may not be happy about booking a pet-friendly home without knowing it from the start.

3. Neighbors might complain

It can’t be helped — pets, especially dogs, can create noise that may annoy the neighbors. Or they might get into the neighbor’s property and cause some damage.

If you can, put a fence around your property to keep pets from trespassing into the neighbors’. You can also include guest policies that will ask pet owners to keep their furry babies indoors at night to keep their barking from disturbing the homes next door.

It will also help to choose a property that’s separated from the neighbors with plenty of space in between.

Adding a pet policy to your rental agreement

Having a pet-friendly policy does come with some risks. To protect you and your investment, it’s important to have a clear-cut agreement with renters that spell out their responsibilities and yours. This will also help avoid any misunderstanding and conflicts that can escalate into something truly unpleasant and burdensome.

Here are a few tips to keep in mind when adding a pet policy to your rental agreement:

1. Be specific with the types of pets allowed in the property

If you welcome dogs but not cats or other types of animals, you should clearly state that in your pet policy.

Many rental owners welcome other domestic pets, such as birds, fish, hamsters, and rabbits, but are not comfortable with having exotic animals like snakes and lizards. It’s up to you to decide which types of animal to welcome in your rental, but you might want to consider the potential risk and damage a type of pet can cause.

2. Spell out any restrictions on the type of animal to allow

While you welcome dogs in your property, you might want to exclude certain breeds that are considered “dangerous.” Whether or not any breed is actually dangerous is subject to debate, but as the property owner, you have the right to ban those that you think might pose greater risks. Some insurance companies will also not cover liability arising from “dangerous dog breeds.”

Size is another factor to consider. Instead of banning certain breeds, you can screen pet guests based on their height or weight. For example, you can state that only pets weighing no more than 20 pounds or are no more than 3 feet high are allowed.

3. Define the number of pets allowed

Most vacation rental owners allow only one pet at a time, but you can welcome more if you want. Just make sure to state the maximum number of pets your guests are allowed to bring.

4. Define other pet requirements

Legal requirements, such as tags and licenses with vaccination information, are non-negotiable and are required at all times. Vaccines for rabies, for example, are mandatory anywhere in the US. These requirements and the proofs you need have to be spelled out in your rental agreement.

You may also want to include other health, sanitation, and safety policies that are not legally required but can give you – and the pet owner – better peace of mind, such as:

• Requiring a flea and tick repellant treatment before the visit
• Allowing only spayed or neutered dogs
• Allowing only dogs of a certain age
• Banning dogs that have been trained for fights or have a history of violence

5. Spell out pet owners’ responsibilities

Your guests should be accountable for their pets’ actions and behavior while staying in your property. In your rental agreement, you must clearly state pet owners’ responsibilities, as well as your house rules pertaining to pets.

These are a few of the most common issues to cover:

• Pet waste
  Add a clause requiring pet owners to clean up after their pets and dispose of pet waste promptly and properly
• Leash
  Many neighborhoods and areas in Smith Mountain Lake require dogs to be leashed at all times when they’re outside the house. Include a clause in your agreement stating that pet owners must comply with these rules and ordinances. In addition, you might want to include your own requirement to keep a pet leashed when outdoors — except in designated places — to keep them from disturbing the neighbors and other guests.
• Cages
  For other pets, such as birds and hamsters, consider adding a clause stating the animals must be caged at all times to avoid damages to your property
• Off-limit areas
  If you want to keep pets away from certain parts of the home, such as the bedroom or the furniture, you must state this clearly on the agreement
• HOA rules
  If your property is in a neighborhood with an HOA, you must provide renters with a copy of HOA rules, including those relating to pets, and add a clause in your agreement that the renter agrees to abide by these rules
• Supervision
  Clearly state that pet owners must never leave their furry friends unattended whether inside or outside the property

5. Pet deposits and other pet fees

Your agreement must detail any required pet deposit or pet fee, and if all or a part of it may be refunded. State the conditions and situations where the pet deposit may be used, and if any unused amount will be returned to the guest.

The agreement must also say that pet owners are responsible for any damage or disturbance their furry companions might cause, and that they are liable for the costs of these damages in excess of a required pet deposit.

Pet proofing your SML vacation rental

While an agreement can cover damages a pet might cause on your property, you can take steps and adopt measures to minimize these damages, and ensure your property remains (largely) intact after a pet owning guest has checked out.

Here are some pet-proofing ideas:

• Select flooring and other surface materials that are scratch resistant, and if possible, stain proof
• Select durable furniture that will not get easily damaged by a playful pet
• Add a thick covering to your sofas
• Remove fragile items or decors, or place them in areas that are out of reach of your animal guests
• Remove plants that may be toxic to dogs and other animals
• Provide your guests with the things they might need to keep pets under control and to minimize damages, such as leashes, house cleaning materials, stain removers, pet litter disposal bags, and dog towels
• Consider adding indoor gates to keep pets away from restricted areas around the home
• Put up fences to make sure your four legged guests don’t wander off into the neighbor’s
• Provide an outdoor washing area and equipment for pets so they don’t need to be washed in bathrooms inside the house
• Provide your guests with a guidebook that contains your house rules regarding pets, as well as pet-friendly places to visit in Smith Mountain Lake

Find the perfect Smith Mountain Lake property to invest in

Pet-friendly Smith Mountain Lake is the perfect vacation spot for animal lovers. With the right property and preparations, a pet-welcoming vacation rental in our piece of paradise can be a highly profitable investment.

I have over 33 years of experience in Smith Mountain Lake real estate, and know the area and the local market by heart. I can help you find the right investment property that will attract high quality renters and customers, and I will be happy to guide you in turning it into a profitable pet friendly business.

Get in touch with me today at 540.493.1690 or drop me a note here to get started.

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If you’ve ever had fantasies about dining by the water, Smith Mountain Lake is the place to be. This man-made reservoir is surrounded by a variety of lakeside restaurants, all of which can be easily reached by land or by boat. No need to worry about parking—docking your boat is easy because there are many boat slips available.

Take in the stunning views of the Blue Ridge Mountains while you enjoy your meal. If you want to work up an appetite before dining, you can go swimming, boating, or kayaking, among many other lakeside activities.

After a sumptuous meal, you can sit back and relax in your residence or vacation rental in one of the many stunning waterfront communities at Smith Mountain Lake. If you ever want to visit the city to widen your dining options, you can head to Roanoke and Lynchburg, which are both about an hour’s drive away from the heart of Smith Mountain Lake.

To help you plan your next meal out, check out some of my favorite top restaurants in and around Smith Mountain Lake.

The best restaurants in and around Smith Mountain Lake

The Blackwater Cafe
4730 Scruggs Road, Moneta, VA

Family-owned and operated, The Blackwater Cafe provides the Smith Mountain Lake community with fresh and delicious seasonal food. It’s a local favorite and also a great place to celebrate a special occasion. It’s open for dinner from Wednesday to Sunday at 5 p.m.

You can dine in or opt for curbside pickup and free delivery. You can even place your order days ahead. Weekly specials include their pulled pork sandwich with fries and slaw, prime rib with baked potato, and seafood special. Drop by on Sunday for half-price appetizers.

If you’re dining in, make a reservation for a table by the fireplace. Feast on filet mignon, pan-seared salmon, or grilled bone-in pork chop. For beer fans, The Blackwater Café offers 64-ounce growlers that you can pair with a Blackwater burger or fried chicken tenders. Oenophiles can choose from an extensive wine list of American and globally sourced wines.

Old Oak Cafe
400 Scruggs Road, Moneta, VA

Owners Annie and Jo-Ann are life-long friends who “aim to do things right, give people what they want, and do it with a smile.” And after working in the restaurant industry for over 60 years, they’re finally able to serve the food they like following their philosophy at Old Oak Cafe, one of the go-to breakfast spots in Smith Mountain Lake.

Tuck into pancakes, French toast, or Belgian waffles. Choose from a variety of pancakes, flavors, such as buttermilk, chocolate chip, and blueberry. If you’ve got a hearty appetite, order the Old Oak Breakfast, which consists of two eggs, your choice of ham, bacon or sausage, toast, and one side. Breakfast sides include fried potatoes, hash brown casserole, and grits.

But the Old Oak Café isn’t just about breakfast. They also have an extensive list of burgers, including the classic Café burger, the All Things Onion burger, and the Hawaiian burger if you want to drop by for a spot of lunch or dinner. If sandwiches are more your style, select a classic Reuben, a patty melt, or a fried fish fillet.

If you want something more filling, order the meatloaf, chopped sirloin steak, or steak and shrimp. Wash it down with beer or wine from their carefully curated menu. Pie lovers will be pleased to hear that there’s apple, cherry, and blueberry pie on the menu. If you’d rather have cake, ask your server about Old Oak Café’s daily cake selection.

You can dine in or opt for takeout or curbside pickup. They’re open Monday to Saturday from 7 a.m. to 9 p.m. and from 8 a.m. to 2 p.m. on Sunday.

Portside Grill & Bar
3619 Airport Road, Moneta, VA

Looking for the best Cuban sandwich in Smith Mountain Lake? Drop by Portside Grill and Bar, Smith Mountain Lake’s only restaurant on the water. This Key West-style establishment is well-known in the area for its casual food and drinks.

Portside is open from 3 to 8 p.m. on Friday, from 12 to 8 p.m. on Saturday, and from 12 to 6 p.m. on Sunday. You can dine in or grab some takeout. But if you’re craving for seafood, Seafood Saturday is the best day to drop by. Their Saturday menu often features pan-seared scallops and shrimp po’ boy sandwiches.

For meat lovers, dig into their chicken wings with their No Name hot sauce, available in different varieties like classic golden wings or chili lime. Munch on a burger or hotdog sandwich while you watch the sun set. Portside Grill and Bar is the perfect place for those who are looking to kick back and relax al fresco while enjoying an ice-cold beer paired with tasty food.

Vinny’s Italian Grill & Pizzeria
16547 Moneta Road, Moneta, VA

There is no need to head to the Big Apple if you’re looking for New York-style pizza, hefty subs, and scrumptious meatballs and pasta dishes. Just drop by Vinny’s Italian Grill and Pizzeria in Moneta, a neighborhood pizzeria that combines traditional Italian dishes with unique favorites.

Start your meal with fresh mozzarella sticks wrapped in light breading and fried to golden brown perfection. Vinny’s specialties include the chicken, veal and eggplant parmigiana, chicken piccata, and lasagna. Choose from mouthwatering, hand-tossed cheese or Sicilian New York-style pizza. If you’re feeling more adventurous, order their Meat Feast pizza, the West Coast pizza (crisp bacon, fresh pineapple and mozzarella), or the The Works pizza (red onions, mushrooms, and broccoli.)

If you’re craving for something else, try their calzones and strombolis. There’s also a gluten-free menu that features primavera and a four-cheese ravioli. Wash it all down with fresh-brewed iced tea. For dessert, don’t forget to indulge in an original or chocolate cannoli, an Italian confection of cylindrical cheese-filled pastry, or a decadent tiramisu.

Vinny’s was established by Vincenzo Vitale in 1998. It has since grown to 13 locations across the Southeast United States, mainly in Virginia and North Carolina. Vinny’s is open Mondays through Sundays for dine-ins. Curbside pickup and delivery are also available.

Jake’s Place
1041 Harbour Inn Lane, Moneta, VA

For waterfront dining close to the Halesford Bridge, head to Jake’s Place. This pet-friendly restaurant serves takeout and is open for limited indoor and outdoor dining from Wednesday to Friday from 5 to 9 p.m. and from 12 to 9 p.m. on weekends.

Choose from a variety of handhelds, including their chicken salad panini, The Nella (chicken breast with a smoky seasoning and smoked Gouda cheese), and shrimp tacos. If you’re looking for surf and turf, you’ve come to the right place: Jake’s has chicken tenders, fish-n-chips, coconut shrimp, or drunken sirloin.

Enjoy exotic drinks like the PB&J (screwball peanut butter whiskey and cranberry juice) or stick to the more prosaic Jake’s Mule and Italian Margarita. Jake’s Place also serves “canine cuisine” in the form of dog burgers and chicken breasts with sides of peanut butter and milk bones.

Stop by for Sunday breakfast from 10 a.m. to 3 p.m. to enjoy Jake’s omelette (three eggs, mushrooms, peppers, and onions), French toast, or breakfast tacos. There are also cocktails that are only served on Sunday, like the Breakfast Bloody (vodka mixed with house-made spicy Bloody Mary mix) and Tropical and Island mimosas containing champagne and dragon berry or coconut rum.

Edo Grill & Sushi
1035 Mercantile Street, Suite 104, Moneta, VA

Think there’s no Japanese food at Smith Mountain Lake? Think again. You’ll be sure to sate your craving for Japanese cuisine at Edo Grill & Sushi. This family-owned restaurant also takes pride in its teppanyaki grill and made-to-order sushi.

Choose from house specials such as the Volcano Roll which features spicy tuna, or the Red Dragon roll, which contains shrimp tempura. Nigiri and maki sushi are also available. If teppanyaki is more to your taste, take advantage of the lunch special, where you can choose from options like chicken, NY steak, and shrimp. Treat yourself or a loved one to an Edo Emperor Dinner, which features options like filet mignon, lobster tail, shrimp, and chicken.

Edo Grill and Sushi is open for dine-in and takeout from 11:30 a.m. to 9 p.m. from Monday to Thursday, 11:30 a.m. to 10 p.m. on Friday and Saturday, and 12 to 9 p.m. on Sunday.

The Landing Restaurant
1217 Graves Harbor Trail, Huddleston, VA

Located at The Point in Mariners Landing, The Landing Restaurant is well-known in Smith Mountain Lake for its elegant service, stunning lake views, and fresh take on New American cuisine.

To start, feast on Classic Peruvian shrimp ceviche or charred octopus. Order Lobster linguini or Thai Noodles to enjoy their homemade noodles. The entrees cover both land and sea, with offerings like Pittsburgh fillet, Peruvian beer stir fry, and Chilean sea bass. Make sure to leave some room for the Cremeaux or the Krispy Kreme donut bread pudding.

The Landing’s new Mariners Landing location is currently open for curbside takeout and dockside dining on Wednesdays through Sundays. They’re set to accept reservations for indoor and outdoor dining starting May 1.

Smith Mountain Lake Coffee House
Bridgewater Plaza, 16430 Booker T Washington Highway, Moneta, VA

Start your day right with a trip to the locally owned Smith Mountain Lake Coffee House. Order an SML sunrise bagel (sausage, egg, and cheese) or an SML Morning Glory bagel (Black Forest ham, egg, and cheese) to go with your Americano, macchiato, or s’mores mocha.

Vegetarians will enjoy the no deli meat salads, including Caesar, Cobb, and cranapple walnut. If you have a sweet tooth, pick up a muffin, a scone, or any of their assorted pastries. Looking for gluten-free options? Smith Mountain Lake Coffee House also serves gluten-free chocolate chip cookies and brownies. They also have a sugar-free keto cheesecake.

Enjoy a signature Ham & Turkey Cobb Salad or a Signature Rotisserie Chicken Salad for lunch, or a slice of quiche. Grab a picturesque seat on the outdoor deck by the lake. Smith Mountain Lake Coffee House is open for dine-in, curbside pickup and takeout from 7 a.m. to 5 p.m. every day except Sunday, when they close at 2 p.m.

Drifter’s
Crystal Shores Marina Resort, 1617A Crystal Shores Drive, Moneta, VA

Drifter’s a beloved seasonal restaurant in Smith Mountain Lake, located right on the water. They are famous for their Optimus Prime and Prime Burgers, both of which feature juicy USDA prime ribeye. For health nuts, the Tree Hugger is a rich and spicy black bean burger that’s both kosher and vegetarian. Taco lovers will be pleased to find ahi tuna tacos, shrimp tacos, and Drifter’s signature chocolate bbq tacos.

End your meal with Nannie’s Signature Chocolate Chess Pie or Lolo’s Key Lime Pie. Parking can be a problem, but don’t let that put you off this local gem. They also serve a puppy platter for your four-legged friend.

Drifter’s is only open during the summer, so you’ll have to wait a bit to experience its tropical setting. It’s worth it. During the summer season, it’s open from 4 to 9 p.m. on Friday, 11 a.m. to 9 p.m. on Saturday, and 11 a.m. to 8 p.m. on Sunday.

The Copper Kettle Co.
52 Firstwatch Drive, Moneta, VA

Owner Micky Martin has over 30 years of experience in the food industry. Eventually, he decided to create a restaurant where friends, family and neighbors could have a great meal and hang out with a cold beer or a glass of wine. And so, he founded The Copper Kettle Co.

The Copper Kettle Co. features an eclectic menu, with dishes that range from traditional southern classics to gourmet Italian cuisine. Local favorites include their Wings and Drummies, a mozzarella caprese salad, and their  charcuterie board. If you’re having brunch, choose from an array of options, including delectable pork rolls, eggs Benedict, and quiches. For lunch, the catfish po’ boy, meatball sub, and catfish plate are highly recommended.

They also offer a variety of sides, such as french fries, onion rings, and cheesy grits. Health nuts will be happy to see the gluten-free Hot Grain bowl, which features quinoa, chickpeas, kale, and edamame. If you’re not on a diet, you might want to dig into a Smith Mountain burger, which is loaded with bacon and topped with an over-easy egg.

For dinner, choose from grilled Scottish salmon, a meatloaf platter, or the crowd favorite, VooDoo pasta, with Andouille sausage and mushrooms simmered in a Cajun cream sauce. They also have a kid’s menu. Their chicken tenders, grilled cheese sandwich, ot catfish basket will be sure to satisfy even the pickiest palate.

Make sure to leave some room for dessert, like The Copper Kettle Co.’s Swiss chalet chocolate cake and key lime pie. The Copper Kettle Co. also has an extensive beer and wine collection.

The Copper Kettle Co. is open from Wednesdays through Sundays. You can dine in and order takeout. If you want to dine al fresco, head to The Copper Kettle Co.’s outdoor patio, which has a great view of Smith Mountain Lake.

Moosie’s
Bridgewater Plaza, 16 Bridgewater Pointe Pl, Moneta, VA 24121

Moosie’s is the best place to be in Smith Mountain Lake for amazing sandwiches and tasty buffalo wings. Their many options include hoagies, hot roast beef sandwiches, The Vegetarian, and Diana’s Delight, which features turkey, pastrami, and Swiss cheese, with thousand island dressing.

Start your meal with fried pickles, mozzarella sticks, or nachos & cheese. If you’re feeling hungry, order a Moose burger, which features two patties with sauteed mushrooms and onions topped with Swiss cheddar cheese. If you’re craving for Mexican food, they also have tacos.

For a taste of old Sicily, order Kyle’s Kreation, which features baked ham, salami, and melted provolone. End your meal with a dessert like Moosie’s NY-style cheesecake, chocolate Moose cake, or their brownie sundae. If you want a fitting memento to commemorate your Moosie’s experience, you can buy a Moosie’s t-shirt.

Moosie’s is open everyday for dine-in and takeout from 11 a.m. to 8 p.m.

Expert lifestyle recommendations in Smith Mountain Lake

I’ve been living in the Smith Mountain Lake area with my family for over 20 years, and it’s one of the best decisions I have ever made. Let it be one that you’ll keep close to your heart forever, too.

I’m Jane Horne, and I’ve been working as a real estate agent in Smith Mountain Lake since 1986. I know this community and its restaurants by heart, and I can’t wait to show you around.

Put my local expertise and knowledge of the housing market and all its intricacies to work for you! Contact me today through this form or give me a call at 540.493.1690 to learn more about the best waterfront dining and real estate options here in Smith Mountain Lake.

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