What’s happening in the Smith Mountain Lake waterfront real estate market? Here are the latest numbers from the Roanoke Valley REALTORS® MLS!
108 DETACHED WATERFRONT HOMES CURRENTLY FOR SALE
Asking prices range from $279,911 to $5,750,000.
22 WATERFRONT HOMES CURRENTLY UNDER CONTRACT
Asking prices range from $450,000 to $12,995,000.
28 WATERFRONT HOMES SOLD SINCE SEPTEMBER 1, 2026!
Closed sale prices range from $354,000 to $3,000,000.
MORE MARKET HIGHLIGHTS
• Total closed sales volume: $41,203,415
• Average sold price: $1,471,550
• Median sold price: $1,374,950
• Average asking price of currently active homes: $1,458,979
• Median asking price of currently active homes: $1,249,500
• Average days on market for currently active homes: 86 days
• Median days on market for currently active homes: 70 days
WHAT DOES THIS MEAN FOR BUYERS AND SELLERS?
With 108 detached waterfront homes currently available, buyers have choices across a wide range of prices, locations, and property features.
For sellers, the fact that currently active waterfront homes have been on the market an average of 86 days is a reminder of just how important strategic pricing, exceptional presentation, professional photography, and consistent marketing are in today’s market.
And remember, no two Smith Mountain Lake waterfront properties are alike! Water depth, shoreline, dock facilities, views, location, and condition all play an important role in determining value.
MY FEATURED SMITH MOUNTAIN LAKE WATERFRONT LISTINGS
165 SPENCE ROAD | UNION HALL — $599,000
Built in 2023! Enjoy comfortable one-level living, beautiful water views, a gentle walk to the shoreline, and a brand-new covered dock with floater. A wonderful opportunity to enjoy the Smith Mountain Lake waterfront lifestyle!
VIRTUAL TOUR:
https://showsgreat.photography/165-Spence-Rd/idx
810 FOREST LAWN DRIVE | MONETA — $1,295,000
Located in desirable Beechwood West! Spectacular lake views through towering great-room windows, a beautifully redesigned kitchen, an entry-level primary suite, and a private dock with party deck and automatic boat cover. Beautifully designed for both everyday living and entertaining!
VIRTUAL TOUR:
https://showsgreat.photography/810-Forest-Lawn-Dr
2245 THOMASON LANE | GOODVIEW — $1,599,999
An extraordinary point lot with approximately 505 feet of shoreline! Deep water, a three-slip dock with cabana, two entry-level primary suites, and exceptional entertaining spaces, including a spacious deck and TWO firepits! Imagine enjoying those breathtaking lake views with family and friends!
VIRTUAL TOUR:
https://showsgreat.photography/2245-Thomason-Ln-1
324 BLUE HERON DRIVE | WIRTZ — $1,600,000
A beautiful luxury waterfront home featuring spectacular lake and mountain views, an incredibly easy, gentle walk to the water, and a private boathouse with two covered slips. And an added bonus — the home is being sold furnished!
VIRTUAL TOUR:
https://showsgreat.photography/324-Blue-Heron-Dr
FOUR BEAUTIFUL WATERFRONT HOMES. FOUR DIFFERENT OPPORTUNITIES TO LIVE THE SMITH MOUNTAIN LAKE DREAM!
Which one would YOU choose? I’d love to hear your favorite in the comments!
Whether you’re buying, selling, or simply keeping an eye on the Smith Mountain Lake real estate market, I’m always happy to share my knowledge and experience.
Edna Jamieson Wood, REALTOR®
Wainwright & Co., REALTORS®
Luxury Lake Homes, Smith Mountain Lake & Roanoke Area Specialist
MARKET DATA DISCLAIMER: Statistics are from the Roanoke Valley REALTORS® (RVAR) MLS as of October 21, 2026, and reflect detached waterfront residential properties. Active and pending counts represent current listing status. Closed sales cover September 1–October 21, 2026. Average and median days on market are calculated from the 108 currently active waterfront listings, not exclusively from sold properties. Cumulative days on market may differ from standard days on market. Properties listed exclusively through other MLS systems, including Lynchburg (LYH) MLS, are not included. Statistics are subject to change.
