Smith Mountain & Nearby Communities Neighborhood Guides
Explore our featured nearby communities in Roanoke Valley, VA. Each city has information on the top neighborhoods to help you find your perfect home. Don’t hesitate to contact us with any questions.
Smith Mountain Area & Nearby Communities
Smith Mountain Lake graces the southwest corner of Virginia along the majestic Blue Ridge Mountains.
The lake boasts sprawling acres of pristine waters and a picturesque shoreline perfect for boating and fishing. Its appeal lies not only in its abundant recreation, temperate climate, and convenient East Coast location but also in the small-town ambiance that attracts commuters from Roanoke and Lynchburg and retirees seeking an idyllic retreat. This region was dominated by tobacco farms and agriculture in its early days until it experienced consistent growth by the mid-1980s, evolving into an upscale haven. The landscape now features grand lakefront residences, condominiums, and neighborhoods centered around golf courses. Retail and commercial developments have also sprung up, catering to residents’ needs and contributing to the area’s thriving community spirit.
LAKE ACTIVITIES: Smith Mountain Lake spans 20,600 acres with over 500 miles of shoreline. It offers boating, water skiing, wakeboarding, kayaking, and sailing adventures. Fishing, particularly for striped bass, is a favorite pastime, with the reservoir hosting professional fishing tournaments. For those seeking a beachfront experience, Smith Mountain Lake State Park provides a sandy shore and designated swimming areas. Residents benefit from easy access to diverse water-based recreation, making every day like a vacation.
SECLUDED PARADISE: Most of Smith Mountain Lake’s access points are within private marinas and residential properties, creating a secluded ambiance that feels like a world apart. However, convenience is not sacrificed, as State Route 122 crosses the reservoir, while State Routes 24, 116, and 40 are all conveniently nearby. This harmonious blend of tranquility and accessibility provides residents a serene retreat within reach of modern conveniences.
LIVELY FESTIVALS: Smith Mountain Lake comes alive with vibrant events that celebrate the spirit of the community. The Smith Mountain Lake Wine Festival showcases Virginia’s finest wineries, offering an authentic taste of the Commonwealth. This two-day event features music, craft vendors, and a friendly atmosphere. Another highlight is the annual Chili Festival, a family-friendly tradition featuring a competitive chili cookoff. These lively celebrations foster a sense of togetherness, providing residents memorable experiences.
Roanoke Valley, VA Real Estate Information
$370,000
$172
35
$307,000
75.2%
$1,595
10 Real Estate Facts About Smith Mountain Lake, VA Homes for Sale
- Smith Mountain Lake is Virginia’s largest reservoir, formed by an Appalachian Power Company dam in 1963.
- Bedford, Franklin, and Pittsylvania counties surround the lake.
- The charming lakeside communities include Moneta, Huddleston, Union Hall, Penhook, Goodview, North Shore, West Lake Corner, Hardy, and Burnt Chimney.
- Smith Mountain Lake homes are mostly waterfront residences, condos, townhouses, and vacant lots.
- Property prices range from $339,000 to $4.9 million for single-family homes and $269,000 to $569,000 for condos/townhouses.
- Home sites are generous, from 0.36 acres to sprawling plots as large as 88 acres.
- Undeveloped parcels list at $12,000 for half an acre and can go up to $1.9 million for estate-sized lots up to 62 acres.
- As the lake spans three counties, tax rates can vary. However, they are relatively low overall compared to larger cities, providing a cost-effective lifestyle.
- May to September is the peak visit period, offering warm temperatures, while early spring and fall offer the advantage of reduced boat traffic.
- A fishing license is required in Virginia, and these are available from short-term options of 5 days to longer-term permits spanning 1-4 years.
Smith Mountain Lake, VA Map
Smith Mountain Lake is southeast of Roanoke and southwest of Lynchburg. Franklin County predominantly occupies the south shore, while a smaller section is in Pittsylvania County. Bedford County encompasses most of the northern section, with the Roanoke River as the natural boundary between these areas.
Ready to take the next step?
Kyla Aylor, your trusted Realtor in picturesque Roanoke Valley, VA. Kyla is dedicated to helping you find your dream home with a passion for real estate and unparalleled knowledge of the local market. She incorporates expertise, integrity, professionalism, and outstanding customer service to make your real estate journey smooth and successful. Whether buying or selling, Kyla is here to turn your real estate dreams into reality.
Who Lives in Roanoke Valley, VA
98,294
38.9
$88,880
39,087
2.41
90.8
Things to do around Smith Mountain Area, VA
Smith Mountain Lake State Park
Enjoy boating, fishing, hiking, and picnicking in a picturesque setting with over 1,248 acres of rolling woodlands.
The Water's Edge Country Club
A premier destination for golfers seeking a luxurious lakeside experience with an 18-hole championship course.
Booker T. Washington National Monument
Explore the historic tobacco farm where Washington was born and gain insights into his significant contributions to education and civil rights.
Magnum Point Marina & Restaurant
Boaters and diners can enjoy the marina's amenities, including boat rentals, slip rentals, and a waterfront restaurant.
Schools in Smith Mountain Area, VA
| School Name | Grades | Admission |
|---|---|---|
| Moneta Elementary School | K - 4 | Public |
| Staunton River Middle School | 6 - 8 | Public |
| Staunton River High School | 9 - 12 | Public |
| Brookhill Christian School | K - 8 | Private |
| Smith Mountain Lake Christian Academy | K - 12 | Private |
| Timberlake Christian Schools | K - 12 | Private |