Why Live in Penhook
Penhook is a unique neighborhood divided by Old Franklin Turnpike, offering both lakefront and rural living along the southern banks of Smith Mountain Lake. The Water’s Edge Country Club, established in the late 80s, is a major attraction with its luxury golf course, clubhouse, tennis courts, and equestrian center. Residents enjoy a mix of single-family homes, farms, condos, and estates, with architectural styles ranging from ranch-style homes and small farmhouses to luxury New England-style estates and Colonial Revivals. The proximity to Smith Mountain Lake provides ample opportunities for fishing, boating, swimming, jet skiing, and hiking, with access points like Penhook #9 Boat Access and marinas such as Lakeside Marina. Campgrounds and trails, including Smith Mountain Lake Trail, offer additional outdoor recreation. Franklin County Public Schools serve the area, with highly rated institutions like Glade Hill Elementary, Benjamin Franklin Middle, and Franklin County High School. Local dining options include The Little Mule Café and Carl’s Place, while nearby Rocky Mount offers grocery stores and national retailers. Penhook is safer than the national average, making it a practical choice for potential home buyers.
Home Trends in Penhook, VA
On average, homes in Penhook, VA sell after 48 days on the market compared to the national average of 50 days. The median sale price for homes in Penhook, VA over the last 12 months is $516,250, down 34% from the median home sale price over the previous 12 months.
Median Sale Price
$516,250
Median Single Family Sale Price
$939,000
Median Townhouse Sale Price
$484,000
Median 2 Bedroom Sale Price
$459,500
Average Price Per Sq Ft
$377
Number of Homes for Sale
20
Last 12 months Home Sales
44
Median List Price
$774,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-34%