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Real Estate at Smith Mountain Lake ranges from modest houses on quiet coves to extraordinary homes with stiking landscapes and impressive docks. SML is a haven not only for those seeking permanent residence, but also retirees and those looking for a serene setting for a second home, condo or townhouse. Though the lake has increased in popularity, waterfront property remains plentiful and reasonably priced.

Weather

Average temperatures are in the mid-70s in the summer and upper 30s in the winter. Annual precipitation is 45 inches of rain and 15 inches of snow.

Population

Approximately 18,800 people make Smith Mountain Lake their home.

Other populationsĀ 
Bedford County, 61,000
Franklin County 47,000
Pittsylvania County, 61,700

Taxes and Utilities

Real Estate (100% assessment):
Bedford County: $.70 per $100
Franklin County: $.55 per $100
Pittsylvania County: $.48 per $100
State sales tax: 4.5%

For information on dining and recreation opportunities, visit the web site of theĀ Smith Mountain Lake Chamber of Commerce/Partnership.

Travel Distances to Smith Mountain Lake

Smith Mountain Lake is about a 45-minute drive from both Roanoke and Lynchburg, Virginia.

Below are some additional travel distances.

City Distance in Miles (approx.)
Atlanta, GA 445
Baltimore, MD 272
Charleston, WV 225
Charlotte, NC 190
Chicago, IL 700
Cincinnati, OH 460
Cleveland, OH 460
Columbus, OH 375
Knoxville, TN 290
Lexington, KY 385
Nashville, TN 465
New York, NY 505
Norfolk, VA 225
Pittsburgh, PA 365
Raleigh, NC 175
Richmond, VA 150
Washington, DC 220

Nestled at the foot of the Blue Ridge Mountains of Virginia, Smith Mountain Lake spans 20,600 acres, is 40 miles long and features 500 miles of shoreline. The lake borders three counties (Bedford, Franklin and Pittsylvania) and offers beautiful views, sparkling water and a multitude of recreational activities. The lake was created in 1966 when engineers dammed the Blackwater and Roanoke Rivers, flooding Smith Mountain Gap. Owned and operated by American Electric Power, the dam provides hydro-electric power for surrounding communities. Check today’s lake levels.

Real Estate

Real Estate at Smith Mountain Lake ranges from modest houses on quiet coves to extraordinary homes with stiking landscapes and impressive docks. SML is a haven not only for those seeking permanent residence, but also retirees and those looking for a serene setting for a second home, condo or townhouse. Though the lake has increased in popularity, waterfront property remains plentiful and reasonably priced.

Weather

Average temperatures are in the mid-70s in the summer and upper 30s in the winter. Annual precipitation is 45 inches of rain and 15 inches of snow.

Population

Approximately 18,800 people make Smith Mountain Lake their home.

Other populations
Bedford County, 61,000
Franklin County 47,000
Pittsylvania County, 61,700

Taxes and Utilities

Real Estate (100% assessment):
Bedford County: $.70 per $100
Franklin County: $.55 per $100
Pittsylvania County: $.48 per $100
State sales tax: 4.5%

Communities

For information on dining and recreation opportunities, visit the web site of the Smith Mountain Lake Chamber of Commerce/Partnership.

Travel Distances to Smith Mountain Lake

Smith Mountain Lake is about a 45-minute drive from both Roanoke and Lynchburg, Virginia.

Below are some additional travel distances.

City Distance in Miles (approx.)
Atlanta, GA 445
Baltimore, MD 272
Charleston, WV 225
Charlotte, NC 190
Chicago, IL 700
Cincinnati, OH 460
Cleveland, OH 460
Columbus, OH 375
Knoxville, TN 290
Lexington, KY 385
Nashville, TN 465
New York, NY 505
Norfolk, VA 225
Pittsburgh, PA 365
Raleigh, NC 175
Richmond, VA 150
Washington, DC 220

Market Statistics

New and Sold Listings

  • 331,548,597,898,800,868,817,699,692,577,565,502
  • 374,299,310,467,447,510,605,491,561,466,472,398

Information is deemed to be reliable, but is not guaranteed. © 2017

Home Prices

  • 302196.63,304746.49,306413.29,311791.77,316968.01,314107.43,320511.11,323262.30,326183.97,332209.79,336892.47,334128.95
  • 211515.14,228511.78,245541.70,265815.91,247807.89,254197.87,250335.13,253332.84,249284.32,257170.60,227248.46,240309.77
  • 210000.00,214950.00,219000.00,224950.00,229950.00,229950.00,239500.00,239900.00,239000.00,239900.00,239950.00,234950.00
  • 167000.00,183000.00,189900.00,209950.00,199900.00,194700.00,189000.00,194990.00,189950.00,189950.00,179500.00,174950.00

Information is deemed to be reliable, but is not guaranteed. © 2017

Sale to Original List Price

  • 92.1,91.5,91.9,94.1,94.5,95.2,95.3,95.2,94.0,94.6,94.1,93.4

Information is deemed to be reliable, but is not guaranteed. © 2017

Absorption Rate

  • 6.18,5.51,5.35,5.5,5.69,5.99,6.18,6.06,6,5.85,5.49,5.2

Information is deemed to be reliable, but is not guaranteed. © 2017

Days on Market

  • 88.5,118.4,104.3,98.8,87.2,76.6,80.1,70.9,86.1,87.6,87.4,79.4

Information is deemed to be reliable, but is not guaranteed. © 2017

New and Pending Volume

  • 70011510,125224453,146588396,238702690,198246315,220643754,204523805,177079656,172504751,148387437,128395381,120635504
  • 54091232,85669551,93158321,121144038,113948679,126817805,124472174,121296890,110535005,101573583,94812063,71115378

Information is deemed to be reliable, but is not guaranteed. © 2017

 

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