![]() ![]() Once you buy a property at Smith Mountain Lake, you can actually increase the value of your real estate by improving the water view. "Location Location, Location?" Virtually all waterfront Smith Mountain Lake homes have that the lake itself IS the location! Here at the lake, we say "View, View, View!" But a property's view that has a lot of "wow factor" is often the primary consideration that drives a buyer's purchase. Some homes may have views of the blue ridge mountains as well as the lake. If you prefer, here is a 7-minute YouTube video I recently did on this topic, "What drives REAL ESTATE PRICE at Smith Mountain Lake?": Īny Smith Mountain Lake real estate which offers a breathtaking view will often become the #1 property on a buyer's preferred list of homes. When touring Smith Mountain Lake waterfront homes for sale, consider the following factors to be a fully informed buyer. The lake remains a popular destination for vacationers as well who may never purchase real estate here, but who simply enjoy the beauty of SML, and the atmosphere of sun and fun people have enjoyed here for decades.ħ KEY FACTORS : What drives Smith Mountain Lake real estate prices?Ī description of the 7 key factors that drive prices of Smith Mountain Lake real estate (you might be surprised!). This makes for a very friendly community, as there are no "outsiders," and most people feel right at home in this happy, relaxed, and safe community. Virtually all owners of Smith Mountain Lake property are from somewhere else originally. The Smith Mountain Lake community has recently grown into a favorite place for transplants to move to and live permanently. ![]() Each year you can tour some of the lake's nicest homes by attending the Smith Mountain Lake Charity Home Tour, held every October. From the 1980's and beyond, real estate here has transformed, and now includes many subdivisions with typical suburban homes, condo developments, and multi-million dollar mansions. Real estate at Smith Mountain Lake in the 1960's and 70's was comprised mostly of small lake cabins and mobile homes used as summer getaways, typically built on waterfront lots with breathtaking views. The composition of homes at the lake has gone though an evolution of sorts through the years. If you might fly to visit Smith Mountain Lake to look at homes, land, or other properties, you may be interested in this recent article I wrote which details the nearest cities and airports: How Smith Mountain Lake homes have changed over time They should also be able to answer your questions, and even give you an informative tour of the area. And each town does have it's own "personality." A good realtor can show you these homes, and provide important information which is unique to the Smith Mountain Lake real estate market. Each area offers a great selection of waterfront real estate for sale. Smith Mountain Lake waterfront properties can be seen in the following areas: Moneta, Huddleston, Hardy, Union Hall, Penhook, Wirtz, and Goodview. ![]() ![]() You can choose a private, quiet home in a cove with just a few neighbors in sight, or live in a well-planned condo community with amenities such as swimming pools, fitness facilities, covered boat slips, golf courses, and even an equestrian center. Situated in Virginia's Blue Ridge mountains, Smith Mountain Lake's 500 miles of shoreline offers a wide selection of waterfront real estate for sale. So there's a home or real estate type for every budget. Smith Mountain Lake waterfront property is available in many varieties, from small condos under $100,000, to breathtaking mansions for millions, along with everything in between, including a great selection of vacant lots. Real Estate for sale at Smith Mountain Lake ![]()
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